Hoosier Bancorp of Indiana, Inc. v. Rasmussen

CUMMINGS, Circuit Judge.

This is one of the many suits plaintiffs filed seeking redress for what they believe was the wrongful decision of federal banking regulators to liquidate the Rushville National Bank, for which plaintiffs were formerly officers. Specifically, this is a Bivens1 action against seven employees of the Office of the Comptroller of Currency (“OCC”) who were involved in the bank’s closure on December 18, 1992. Plaintiffs allege that these defendants violated plaintiffs’ substantive and procedural due process rights and that their actions constituted a taking under the Fifth…