Stewart v. Bank of Woodson

This suit was filed in Travis County by the Bank of Woodson (Bank) against the State Banking Commissioner (Commissioner) and the Federal Deposit Insurance Corporation (FDIC) to enjoin the Commissioner from liquidating the Bank’s assets or transferring them to the FDIC for liquidation after the Commissioner closed the Bank. The Bank alleged that immediate liquidation would cause it irreparable injury by destroying its business and depriving it of its constitutional and statutory rights to prior notice and hearing. The district court dismissed the suit for want of jurisdiction because the Bank…