W.C. Long, Jr. v. Board of Governors of the Federal Reserve System
Court of Appeals for the Tenth Circuit
1Opinion of the Court
BRORBY, Circuit Judge.
Appellant W.C. Long, Jr. appeals the entry of a $717,941 civil penalty entered against him by the Board of Governors of the Federal Reserve System (“the Board”). We exercise jurisdiction over Mr. Long’s appeal pursuant to 12 U.S.C. §§ 1818(h)(2) and 1848 (1994), and we affirm.
I. FACTUAL AND PROCEDURAL BACKGROUND
Mr. Long has been engaged in the business of banking since 1955. In 1978, Mr. Long purchased all the stock of Sumner County Bancshares, Inc. (“Sumner County”), which owned 90.5 percent of the stock of the Bank of Commerce and Trust Company (“Bank of Commerce”). In…
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