A statement on partner banks $30B pledge to First Republic

We are proud of the eight Operation HOPE partners – JPMorgan Chase, Bank of America, Wells Fargo, Truist, U.S. Bank, PNC, Citigroup – which are placing deposits in First Republic Bank, another of our key partners. Our Chairman and CEO, John Hope Bryant, served as Chair of First Republic’s Community Advisory Board during the entirety of the pandemic, and can attest to their commitment to serving communities in time of need. 

We applaud the efforts of our partners to ensure financial stability, while continuing their important work to provide banking services and financial education for all. This is another example of the private sector demonstrating leadership in addressing a public need—a stable banking system.

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