WASHINGTON — Growing up can be hard to do under the Dodd-Frank Act.

First Republic Bank saw its stock plummet more than 15% after it posted second-quarter earnings last week, in part because it is due to reach a key Dodd-Frank threshold of $50 billion of assets by next year. The milestone means that the bank will officially be considered "systemically important," triggering a number of enhanced regulations with which it must comply, including Federal Reserve Board-graded stress tests and greater risk management requirements.

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