Hurry v. Federal Deposit Insurance Corporation

UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLUMBIA JUSTINE HURRY, Plaintiff, v. Civil Action No. 18-2435 (RDM) FEDERAL DEPOSIT INSURANCE CORPORATION, Defendant. MEMORANDUM OPINION AND ORDER The Change in Bank Control Act of 1978 (“CBCA”), 12 U.S.C. § 1817(j), prohibits a person from acquiring a controlling interest in a bank unless the relevant federal banking agency has been given sixty days prior written notice. Subject to certain limited extensions, after an agency receives a CBCA notice, it has sixty days to investigate, inter alia, the proposed acquirer’s “competence, experience,…