First Republic lost $100 billion in deposits

First Republic Bank reported Monday that customers took out $100 billion in deposits last month after two regional bank failures raised questions about the financial health of the industry. The bank said deposits fell more than 40 percent to $104.5 billion at the end of the first quarter. When the quarter started, deposits totaled $176.4 billion. The numbers would have been gloomier, but First Republic received $30 billion in deposits from banking giants, including JPMorgan Chase & Co., to signal confidence in the bank. First Republic said its profit fell 33 percent in the quarter compared to the same period a year earlier. Revenue fell 13 percent. The bank's shares have fallen nearly 90 percent since March,