In Re the Receivership of the Mt. Pleasant Bank & Trust Co.
Supreme Court of Iowa
1Opinion of the Court
McGIVERIN, Chief Justice.
Judgment creditors of an insolvent Iowa state bank made several objections to the final report of the Federal Deposit Insurance Corporation (FDIC) as receiver of the bank. The district court overruled the objections and approved the final report. The objectors appealed. We affirm.
I. Background facts and proceedings.
A. FDIC’s appointment to and handling of the receivership. The objectors, the Adam Judgment Holders (AJH), were several judgment creditors of the Mt. Pleasant Bank and Trust Company, Mt. Pleasant, Iowa (MPB). AJH originally held claims for grain sold to or…
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- Federal Deposit Insurance Corporation v. NicholsCourt of Appeals for the Ninth Circuit · 1989
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