Legal Opinion
Federal Deposit Insurance Corporation v. R. Charles Loudermilk, Sr.
Court of Appeals for the Eleventh Circuit
Decided July 22, 2019No. 16-17315PublishedCited by 3 opinions
1Opinion of the Court
TJOFLAT, Circuit Judge:
*1284 The directors of Buckhead Community Bank wanted to make Buckhead a "billion dollar bank." So, they set out to execute an aggressive growth strategy. To implement the growth strategy, the directors expanded the Bank's loan portfolio. Many of these loans failed, costing the Bank millions. In late 2009, the Georgia Department of Banking and Finance closed the Bank, and the Federal Deposit Insurance Corporation was appointed as the Bank's receiver.
As receiver, the FDIC sued several of the Bank's former directors and officers. (We will refer to them as "the directors" for…
2Cases cited16 opinions
- Morgan v. Family Dollar Stores, Inc.Court of Appeals for the Eleventh Circuit · 2008
- McCandless v. United StatesSupreme Court of the United States · 1936
- Romero v. Drummond Co., Inc.Court of Appeals for the Eleventh Circuit · 2008
- United States v. CampaCourt of Appeals for the Eleventh Circuit · 2008
- Federal Deposit Insurance Corp. v. LoudermilkSupreme Court of Georgia · 2014
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3Cited by3 opinions
- PENN-AMERICA INSURANCE COMPANY v. VE SHADOWOOD GP LLCDistrict Court, M.D. Georgia · 2024
- ROBERT M. MCCOMMONS v. DEBRA ANN WHITECourt of Appeals of Georgia · 2024
- U.S. All Star Federation, Inc. v. Open Cheer & Dance Championship Series, LLCCourt of Appeals for the Eleventh Circuit · 2026