Resolution Trust Corporation, as Conservator for Columbia Banking Federal Savings and Loan Association v. William B. MacKenzie and Ronald H. Timms

PARKER, Circuit Judge:

This ease concerns an interpleader action brought by Norstar Trust Company (“Nors-tar”) to determine the ownership of certain assets it held as a third-party trustee. The assets in question are funds deposited as part of two deferred executive compensation plans (“Plan assets”) by Columbia Banking Federal Savings and Loan Association (“Columbia”) for several of its executives. Two former Columbia executives, William B. MaeKenzie, formerly President and Chief Executive Officer of Columbia (“MaeKenzie”), and Ronald H. Timms, former Senior Vice President of Columbia…