Demelo v. U.S. Bank National Association
Court of Appeals for the First Circuit
1Opinion of the Court
SELYA, Circuit Judge.
The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), Pub.L. No. 101-73, 103 Stat. 183 (codified as amended in scattered sections of 12 U.S.C.), gives federal regulators a customized set of tools with which to ease the disruption often attendant to bank failures. When federal regulators step in, however, parties in interest ignore FIR-REA-imposed requirements at their peril. This case, in which we affirm the district court’s entry of judgment for a successor bank, bears witness to that verity.
I. BACKGROUND
The following facts are, for all…
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