Federal Deposit Insurance Corporation v. Marine National Bank of Jacksonville

GODBOLD, Circuit Judge:

On May 27, 1968 Marine National Bank of Jacksonville commenced business. It took over the premises and many of the officers and employees of Central National Bank, whose acceptable assets it had purchased. Previously the Comptroller of the Currency had determined that an emergency existed with regard to Central’s áffairs, and for almost a month representatives of the Federal Deposit Insurance Corporation had been on Central’s premises investigating it and determining its assets and liabilities.

On May 29, two days after it opened, Marine erroneously paid an improperly…