In a LinkedIn post, Shannon Saccocia, who served as SVB Private's chief investment officer after the bank acquired Boston Private, said that it was time for her to 'move on.'

Some First Republic branches will be converted into wealth centers.

After a long tenure as the investment banker to RIA deal-makers, Nesvold is jumping to the other side of the table and joining former client Cresset, a fast-growing $30 billion RIA.

Another advisor team—this time a San Diego–based group that managed $1 billion in client assets—has departed First Republic, as JPMorgan Chase takes over the troubled bank.

Tyler Rigsbee will spend two years in prison for faking a client’s identity to steal from their account and stealing from another to cover up the initial theft.

Launched with support from Dynasty Financial Partners, the New Jersey-based team managed $875 million at Merrill.

CI’s borrowing, which mounted as it went on an acquisition spree of US registered investment advisory firms, has become a concern for analysts and investors.