Fifth Third Bancorp was one the banks that submitted final bids for First Republic Bank before it was sold to JPMorgan Chase & Co, people familiar with the matter said.
PNC Financial Services Group and Citizens Financial Group Inc were the other final-round bidders for First Republic, Reuters reported.
JPMorgan emerged as the winner of a weekend auction of First Republic Bank, in a deal that followed the troubled lender being taken over by the Federal Deposit Insurance Corporation.
Terms of Fifth Third's offer could not be acquired. The sources requested anonymity. Fifth Third and the FDIC did not immediately respond to a request for comment.
