Legal Opinion
Seattle-First National Bank v. Federal Deposit Insurance
District Court, W.D. Oklahoma
Decided October 15, 1985No. CIV 82-1385-RPublishedCited by 11 opinions
1Opinion of the Court
ORDER
DAVID L. RUSSELL, District Judge.
This lawsuit is one of several loan participation suits arising in the wake of the declared insolvency and receivership of Penn Square Bank, N.A. Plaintiff here, Seattle-First National Bank (“Seafirst”) is suing the Federal Deposit Insurance Corporation in FDIC’s dual capacities as Receiver for Penn Square and as the Corporation in charge of deposit insurance. Seafirst complains in Count I of the Receiver’s offsets against approximately $3.8 million in participated loans; in Count II it claims deposit insurance from the Corporation for $1.2 million in…
2Cases cited49 opinions
- Scott v. ArmstrongSupreme Court of the United States · 1892
- First State Bank of Hudson County v. The United States of AmericaCourt of Appeals for the First Circuit · 1979
- Barclays Bank D. C. O. v. Mercantile National BankCourt of Appeals for the Fifth Circuit · 1973
- Courtaulds North America, Inc. v. North Carolina National Bank, a National Banking AssociationCourt of Appeals for the Fourth Circuit · 1975
- Fed. Sec. L. Rep. P 95,798 Securities and Exchange Commission v. American Commodity Exchange, Inc., Howard D. WilliamsCourt of Appeals for the Tenth Circuit · 1976
44 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- First State Bank v. Diamond Plastics Corp.Supreme Court of Oklahoma · 1995
- In Re Drexel Burnham Lambert Group Inc.United States Bankruptcy Court, S.D. New York · 1990
- First Citizens Federal Savings and Loan Association v. Worthen Bank and Trust Company, N.A.Court of Appeals for the First Circuit · 1990
- Northern Trust Co. v. Federal Deposit Ins. Corp.District Court, W.D. Oklahoma · 1985
- Federal Deposit Insurance v. AdamsCourt of Appeals of Arizona · 1996
6 more not listed; retrieve them via the Exa API.