Legal Opinion
First National Bank of Lamarque v. James E. Smith, Comptroller of the Currency, State Insurance Board of the State of Texas
Court of Appeals for the First Circuit
Decided February 1, 1980No. 77-2804PublishedCited by 31 opinions
1Opinion of the Court
FAY, Circuit Judge:
In this action for declaratory judgment, five national banks in Texas question the authority of the Comptroller of the Currency to issue certain letter directives pertaining to credit life and disability insurance. The contested letters prohibit the banks from distributing credit life insurance income to bank officers, directors, controlling stockholders, or any other “insiders”. Holding that the letter directives are a valid exercise of the Comptroller’s authority under 12 U.S.C. § 1818(b) (1976), we affirm in part and vacate in part the judgment and memorandum opinion of…
2Cases cited9 opinions
- Lewis v. Fidelity & Deposit Co. of Md.Supreme Court of the United States · 1934
- Commissioner v. First Security Bank of Utah, N. A.Supreme Court of the United States · 1972
- In the Matter of First National Bank of Eden, South Dakota v. Department of the Treasury, Office of the Comptroller of the CurrencyCourt of Appeals for the First Circuit · 1978
- Ramapo Bank v. CampCourt of Appeals for the Third Circuit · 1970
- Saxon v. Georgia Ass'n of Independent Insurance Agents, Inc.Court of Appeals for the Fifth Circuit · 1968
4 more not listed; retrieve them via the Exa API.
3Cited by31 opinions
- United States National Bank v. Independent Insurance Agents of America, Inc.Supreme Court of the United States · 1993
- Franklin Savings Ass'n v. Director, Office of Thrift SupervisionCourt of Appeals for the Tenth Circuit · 1991
- Marie Sannon v. United States of AmericaCourt of Appeals for the Fifth Circuit · 1980
- In The Matter Of Lawrence B. SeidmanCourt of Appeals for the Third Circuit · 1994
- Damian Sinclair, Individually and as Assignee of Sinclair National Bank v. John D. Hawke, Jr.Court of Appeals for the Eighth Circuit · 2003
26 more not listed; retrieve them via the Exa API.