May 1 (Reuters) - Jpmorgan:

* CHASE ACQUIRES SUBSTANTIAL MAJORITY OF ASSETS AND ASSUMES CERTAIN LIABILITIES OF FIRST REPUBLIC BANK

* CHASE ACQUIRES SUBSTANTIAL MAJORITY OF ASSETS AND ASSUMES CERTAIN LIABILITIES OF FIRST REPUBLIC BANK

* TO PROTECT ALL DEPOSITS BRINGING ITS FINANCIAL STRENGTH, CAPABILITIES AND CAPITAL TO U.S. BANKING SYSTEM AND FIRST REPUBLIC

* ACQUISITION OF SUBSTANTIAL MAJORITY OF FIRST REPUBLIC BANK'S ASSETS, INCLUDING APPROXIMATELY $173 BILLION OF LOANS AND APPROXIMATELY $30 BILLION OF SECURITIES

* NO SYSTEMIC RISK EXCEPTION REQUIRED; A COMPETITIVE BID PROCESS MINIMIZED COSTS TO DEPOSIT INSURANCE FUND

* ACQUISITION OF SUBSTANTIAL MAJORITY OF FIRST REPUBLIC BANK'S ASSETS, INCLUDING $173 BILLION OF LOANS AND APPROXIMATELY $30 BILLION OF SECURITIES

* ASSUMPTION OF APPROXIMATELY $92 BILLION OF DEPOSITS, INCLUDING $30 BILLION OF LARGE BANK DEPOSITS, WHICH WILL BE REPAID POST-CLOSE OR ELIMINATED IN CONSOLIDATION

* CHASE IS NOT ASSUMING FIRST REPUBLIC'S CORPORATE DEBT OR PREFERRED STOCK

* FDIC WILL PROVIDE LOSS SHARE AGREEMENTS COVERING ACQUIRED SINGLE-FAMILY RESIDENTIAL MORTGAGE LOANS AND COMMERCIAL LOANS, AS WELL AS $50 BILLION OF FIVE-YEAR, FIXED-RATE TERM FINANCING

* FDIC WILL PROVIDE LOSS SHARE AGREEMENTS COVERING ACQUIRED SINGLE-FAMILY RESIDENTIAL MORTGAGE LOANS AND COMMERCIAL LOANS, AS WELL AS $50 BILLION OF FIVE-YEAR, FIXED-RATE TERM FINANCING

* NOT ASSUMING FIRST REPUBLIC'S CORPORATE DEBT OR PREFERRED STOCK

* FIRST REPUBLIC BRANCHES WILL OPEN ON MONDAY, MAY 1, AS NORMAL

* FIRST REPUBLIC BRANCHES WILL OPEN ON MONDAY, MAY 1

* RECOGNIZE AN UPFRONT, ONE-TIME, POST-TAX GAIN OF APPROXIMATELY $2.6 BILLION,

* TRANSACTION IS EXPECTED TO BE MODESTLY EPS ACCRETIVE AND GENERATE MORE THAN $500 MILLION OF INCREMENTAL NET INCOME PER YEAR

* JPMORGAN - ACQUIRED FIRST REPUBLIC BUSINESSES WILL BE OVERSEEN BY CO’S CONSUMER AND COMMUNITY BANKING CO-CEOS, MARIANNE LAKE AND JENNIFER PIEPSZAK Source text for Eikon: Further company coverage: