Central National Bank of Waco, Texas v. Federal Deposit Insurance Corporation, as Receiver for First Republicbank Waco, N.A.

W. EUGENE DAVIS, Circuit Judge:

Central National Bank of Waco, Texas (Central), sued the Federal Deposit Insurance Corporation (FDIC) for payment of a subordinated debenture. The district court dismissed Central’s suit. We affirm.

I

Plaintiff, Central National Bank held a subordinated debenture issued by The Citizens National Bank (Citizens) in 1964. First RepublicBank Waco (First Republic Waco) succeeded to the assets and liabilities of Citizens, and thus became the obli-gor for payment of the debenture. First Republic Waco was a subsidiary of the bank holding company, First RepublicBank…