First Bank of Oak Park v. Avenue Bank and Trust Company of Oak Park and Federal Deposit Insurance Corporation

KUNZIG, Judge.

This appeal is the result of a suit arising out of the efforts by two competing banks to increase business through expanded banking facilities. Plaintiff-appellant First Bank of Oak Park contends that in approving an application for an additional banking facility for a rival bank, the Regional Director of the Federal Deposit Insurance Corporation (FDIC) [a defendant-appellee] exceeded the statutory and regulatory authority given him. The rival bank, defendant-appellee Avenue Bank and Trust Company, answers that for the limited type of banking operation it sought to add — an…