Legal Opinion
First National Bancshares Corporation Ii, a Corporation v. The Board of Governors of the Federal Reserve System
Court of Appeals for the First Circuit
Decided October 28, 1986No. 85-3702PublishedCited by 2 opinions
1Per curiam
The Board of Governors of the Federal Reserve System (Board) denied petitioner’s application to become a second-tier “one bank” bank holding company. The petitioner now appeals the Board’s decision.
First National Bancshares Corporation (Company) is a Tennessee corporation that is registered as a bank holding company under the Bank Holding Company Act of 1956 (BHC Act) as amended, 12 U.S.C. § 1841 et seq. (1978). It owns 100% of the outstanding stock of the First National Bank in Lexington, Tennessee (Bank).
When Company was formed to acquire Bank in 1979, petitioner’s principal, Ernest Vickers…
2Cases cited3 opinions
- Board of Governors of the Federal Reserve System v. First Lincolnwood Corp.Supreme Court of the United States · 1978
- Southern Moldings, Inc. v. National Labor Relations BoardCourt of Appeals for the Sixth Circuit · 1983
- Wyoming Bancorporation v. Board of Governors of the Federal Reserve SystemCourt of Appeals for the Tenth Circuit · 1984
3Cited by2 opinions
- Irving Bank Corporation v. Board of Governors of the Federal Reserve System, Bank of New York Company, Inc., IntervenorCourt of Appeals for the D.C. Circuit · 1988
- Jones v. TaibbiMassachusetts Supreme Judicial Court · 1987