[JPMorgan Chase will close 21 branches of first Republic Bank] June 1, a spokesman for JPMorgan Chase said that JPMorgan Chase will close 21 branches of first Republic Bank by the end of the year because JPMorgan Chase is going to integrate the failed bank into its business. According to the report, these locations account for about 1/4 of the 84 branches of the first Republic in eight states. First Republic, the largest bank to fail since the 2008 financial crisis, was taken over by regulators and sold to JPMorgan Chase in May.