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FILE - In this Jan. 29, 2007 file photo, a First Republic Bank branch is

Jeff Chiu Jeff Chiu – Wed Oct 21, 2:58 pm ET

FILE - In this Jan. 29, 2007 file photo, a First Republic Bank branch is photographed in San Francisco. Bank of America Corp. on Wednesday, Oct. 21, 2009 said it has agreed to sell First Republic Bank, a private bank it inherited from Merrill Lynch & Co., to a group of investors. (AP Photo/Jeff Chiu, file)

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