First Republic Bank's stock price saw a significant increase of 12% on Wednesday after a big peer in its sector posted some impressive quarterly results. Western Alliance Bancorporation's first-quarter numbers highlighted the concern many investors have with deposit bases at regional banks. Western Alliance's deposit base has risen by 6% since the end of March, a shift from what many had feared would happen due to the bank's high exposure to the tech industry. As one of the banks in a similar position, First Republic Bank experienced a boost in its share price after the news broke. Financial experts say it doesn't appear the banking industry is facing a significant crisis right now, thus reports of increased deposit bases are more helpful to investors. Although First Republic's one-day surge is notable, it is worth noting that earlier this week, Republic First Bancorp's (FRBK) shares closed at $1.22 and are down -$0.04 during pre-market trading.