Legal Opinion

In the Matter of First National Bank of Eden, South Dakota v. Department of the Treasury, Office of the Comptroller of the Currency

Court of Appeals for the First Circuit

Decided January 13, 1978No. 77-1483PublishedCited by 38 opinions

1Per curiam

First National Bank of Eden seeks review of an order issued by the Comptroller of the Currency requiring petitioner to cease and desist from certain banking practices found to be “unsafe or unsound” within the meaning of 12 U.S.C. § 1818(b).

In September 1976 the Comptroller served upon the Bank a Notice of Charges, along with a temporary cease-and-desist order, alleging that the Bank had “violated laws, rules, or regulations, or otherwise operated in an unsafe and unsound manner” in a number of its banking practices. 1 After a hearing on the charges an administrative law judge (ALJ) concluded…

2Cases cited2 opinions

  1. Camp v. PittsSupreme Court of the United States · 1973
  2. Dakota National Bank & Trust Co. v. First National Bank & Trust Co.Court of Appeals for the Eighth Circuit · 1977

3Cited by38 opinions

  1. In The Matter Of Lawrence B. SeidmanCourt of Appeals for the Third Circuit · 1994
  2. Paul E. Oberstar v. Federal Deposit Insurance CorporationCourt of Appeals for the Eighth Circuit · 1993
  3. Damian Sinclair, Individually and as Assignee of Sinclair National Bank v. John D. Hawke, Jr.Court of Appeals for the Eighth Circuit · 2003
  4. Harry Calcutt III v. FDICCourt of Appeals for the Sixth Circuit · 2022
  5. First National Bank of Lamarque v. James E. Smith, Comptroller of the Currency, State Insurance Board of the State of TexasCourt of Appeals for the First Circuit · 1980

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