First Republic Bank is facing financial trouble, and the Federal Deposit Insurance Corporation (FDIC) has taken steps to find a buyer. Big banks, including JPMorgan Chase and Bank of America, were asked to submit final bids for the troubled institution.

However, First Republic Bank has made a last-ditch effort to find a rescue deal, potentially saving itself from Federal seizure. But analysts are skeptical, with some even claiming that it is “unlikely” for the bank to survive.

PNC and JPMorgan have put in their final bids in the auction, while Bank of America has yet to confirm their submission. The fate of First Republic Bank now lies in the hands of the FDIC as they review the bids and select a buyer.

If no suitable buyer is found, First Republic Bank will likely face Federal seizure, marking a significant blow to the financial industry.