First RepublicBank Corp. said it was suspending...

First RepublicBank Corp. said it was suspending interest payments on all $1.3 billion of its long-term debt. A spokesman for the Dallas-based banking group receiving massive federal aid, said the action, which covers payments due on debts owed by the company’s IFRB Corp., would not affect First RepubicBank’s $4.5 billion in short-term obligations nor the deposits and debts of its individual banks. First RepublicBank said the suspension of interest payments would continue while it works out restructuring and recapitalization plans with the Federal Deposit Insurance Corp.