First Republic Bank's Future Remains Uncertain Despite Stock Surge.

First Republic's stock is up more than 4% in premarket trading as the regional bank searches for a potential rescue deal to reshape its business after suffering massive deposit outflows in the first quarter. U.S. officials are coordinating meetings with other banks to broker a rescue plan for First Republic. The bank's advisors are preparing to pitch larger banks on a plan that would let the regional lender sell bonds and other assets at an above-market rate and then raise equity. The sales would result in a loss for the banks that buy the bonds, but could be cheaper long-term than letting the bank fail and get seized by regulators.