Legal Opinion
First Empire Bank-New York v. Federal Deposit Insurance
Court of Appeals for the Ninth Circuit
Decided April 6, 1978No. Nos. 77-2090 and 77-2147PublishedCited by 20 opinions
1Opinion of the Court
MERRILL, Circuit Judge:
This ease arises otft of the insolvency and receivership of the United States National Bank of San Diego (USNB). The Federal Deposit Insurance Corporation (FDIC), as Receiver, entered into an agreement with Crocker National Bank for purchase by Crocker of selected assets of USNB and assumption by Crocker of certain of the bank’s obligations, including deposits. This suit was brought by creditors of USNB, whose claims had not been assumed by Crocker. They contend that Crocker’s assumption, carrying with it assurance of payment in full of the claims assumed, amounted to a…
2Cases cited14 opinions
- Pennsylvania Steel Co. v. New York City Ry. Co.Court of Appeals for the Second Circuit · 1912
- Armstrong v. American Exchange Nat. Bank of ChicagoSupreme Court of the United States · 1890
- White v. KnoxSupreme Court of the United States · 1884
- Maynard v. ElliottSupreme Court of the United States · 1931
- Ticonic National Bank v. SpragueSupreme Court of the United States · 1938
9 more not listed; retrieve them via the Exa API.
3Cited by20 opinions
- East Girard Savings Association v. Citizens National Bank and Trust Company of BaytownCourt of Appeals for the Fifth Circuit · 1979
- Boldt v. Alpha Beta Co. (In Re Price Chopper Supermarkets, Inc.)United States Bankruptcy Court, S.D. California · 1984
- Washington Federal Savings & Loan Ass'n v. Federal Home Loan Bank BoardDistrict Court, N.D. Ohio · 1981
- Federal Deposit Ins. Corp. v. LesselyoungDistrict Court, E.D. Wisconsin · 1979
- First Empire Bank-New York (By Its Successor in Interest Manufacturers & Traders Trust Co. Of Buffalo, New York, a New York Banking Corporation), and Societe Generale, a French Banking Corporation v. Federal Deposit Insurance Corporation and Federal Deposit Insurance Corporation as Receiver of United States National Bank, Federal Deposit Insurance Corporation and Federal Deposit Insurance Corporation as Receiver of United States National Bank, Counterclaimants-Cross-Appellants v. First Empire Bank-New York and Societe Generale, Counterdefendants-Cross-AppelleesCourt of Appeals for the First Circuit · 1978
15 more not listed; retrieve them via the Exa API.