The troubled regional Bank First Republic said Monday that its deposits fell 40.8% to $104.5 billion in the first quarter, which saw the collapse of two other mid-sized banks and sparked fear from customers about widespread bank failures. First Republic said the deposit flight at First Republic was worse than Wall Street expected, with analysts estimating the quarter-end figure to be about $145 billion. However, since then, deposits have stabilized and the bank is now cutting expenses to stay afloat.

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