Tester Statement on First Republic Bank

U.S. Senator Jon Tester released the following statement on the failure and sale of First Republic Bank:

“As one of the few members of Congress to vote against bailing out Wall Street Banks in 2008, I’m glad to see that taxpayers won’t be asked to foot the bill for First Republic Bank’s failure. With working families facing rising costs on everything from housing to groceries it is critical that we protect Americans’ hard earned money. I’ll do everything in my power to hold bank executives accountable for engaging in risky behavior, and I’ll take on anyone in Washington to ensure federal regulators do their jobs.”