But it needs Congress's blessing.
JPMorgan Chase's purchase of First Republic includes its brick-and-mortar locations. In-person interaction is still a key part of the business.
New regulation and industry consolidation will be key. Loans may be scarcer for new businesses and in low-income and rural communities.
JPMorgan acquired First Republic's assets and customers, but also a lot of outstanding debt.
For one, help from the FDIC, which will absorb up to 80% of the losses coming from First Republic's residential and commercial loans.
The reverberations of the Silicon Valley Bank collapse have taken down First Republic. What's next for the financial industry?
Smaller and regional banks are major lenders not only for office construction, but also building projects like hospitals, educational institutions and ports.
Analysts say there's no reason to panic, but the sinking values of commercial properties could make those banks' balance sheets look pretty bad.
The recent bank rescues should serve as a wake-up call for regulators to do more, says senior economics contributor Chris Farrell.