JPMorgan said it will assume all of First Republic’s $92b in deposits—insured and uninsured. It is also buying most of the bank’s assets, including about $173b in loans and $30b in securities. As part of the agreement, the FDIC will share losses with JPMorgan on First Republic’s loans. The agency estimated that its insurance fund would take a hit of $13b in the deal. JPMorgan also said it would receive $50b in financing from the FDIC.