Indiana Department of Financial Institutions v. Worthington Bancshares, Inc.
Indiana Court of Appeals
1Opinion of the Court
OPINION
VAIDIK, Judge
The Indiana Department of Financial Institutions (DFI) appeals the trial court’s denial of summary judgment. In this interlocutory appeal, DFI contends that it is immune from tort liability for its actions in taking possession of Worthington Bank. Because we conclude that DFI is immune for actions resulting from the initiation of judicial proceedings and arising from the performance of a discretionary function, we reverse.
Facts and Procedural History
Worthington Bancshares, Inc. acquired Worthington State Bank in 1988. In December 1990, the Federal Deposit Insurance…
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