Berniece Larimore, Sam M. Taylor, William G. Butcher, and Orville Bottrell v. Comptroller of the Currency

COFFEY, Circuit Judge.

In Larimore v. Conover, 775 F.2d 890 (7th Cir.1985), a panel of this court approved an order of the Comptroller of the Currency requiring the directors of the First National Bank of Mt. Auburn, Illinois (“Bank”) to reimburse the Bank for losses resulting from the director’s approval of loans in excess of the legal lending limit contained in 12 U.S.C. § 84. The Comptroller of the Currency brought this action pursuant to the cease and desist provision contained in 12 U.S.C. § 1818(b)(1). We granted the petitioner’s request for rehearing in banc to address the issue of…