Legal Opinion
Federal Deposit Insurance Corporation, as Receiver of Twin City Savings, Fsa v. Robert L. McCullough and Mary Nan McCullough
Court of Appeals for the Eleventh Circuit
Decided September 10, 1990No. 89-7195PublishedCited by 61 opinions
1Opinion of the Court
ANDERSON, Circuit Judge:
In D’Oench, Duhme & Co. v. FDIC, 315 U.S. 447, 62 S.Ct. 676, 86 L.Ed. 956 (1942), the United States Supreme Court held that as a matter of federal common law the Federal Deposit Insurance Corporation (“FDIC”) could rely upon a defense of es-toppel to prohibit parties from relying upon alleged arrangements not clearly appearing in the bank’s records. 1 The Court reasoned that the Congressional purpose for creating the FDIC was to protect the fiscal stability of financial institutions, thereby ensuring the availability of funds deposited within those institutions.…
2Cases cited29 opinions
- Griggs v. Provident Consumer Discount Co.Supreme Court of the United States · 1982
- D'Oench, Duhme & Co. v. Federal Deposit InsuranceSupreme Court of the United States · 1942
- United States v. Kimbell Foods, Inc.Supreme Court of the United States · 1979
- Langley v. Federal Deposit InsuranceSupreme Court of the United States · 1987
- Fed. Sec. L. Rep. P 98,654 William L. Gunter and Camille S. Gunter v. Theodore M. HutchesonCourt of Appeals for the Eleventh Circuit · 1982
24 more not listed; retrieve them via the Exa API.
3Cited by61 opinions
- Resolution Trust Corp. v. Dunmar Corp.Court of Appeals for the Eleventh Circuit · 1995
- In Re 604 Columbus Avenue Realty Trust, Debtor. Capitol Bank & Trust Company v. 604 Columbus Avenue Realty Trust, in Re 604 Columbus Avenue Realty Trust, Debtor. Federal Deposit Insurance Corporation, as Receiver/liquidating Agent of Capitol Bank & Trust Company v. 604 Columbus Avenue Realty TrustCourt of Appeals for the First Circuit · 1992
- Timberland Design, Inc. And William C. Barnsley v. First Service Bank for SavingsCourt of Appeals for the First Circuit · 1991
- Baumann v. Savers Federal Sav. & Loan Ass'nCourt of Appeals for the Eleventh Circuit · 1991
- Federal Deposit Insurance Corporation, as Receiver of Union National Bank of Chicago v. Lillian Wright, Also Known as Lillian Wright LawlerCourt of Appeals for the Seventh Circuit · 1991
56 more not listed; retrieve them via the Exa API.