In Re Liquidation of Valleywood Savings & Loan Ass'n

The appellant, Connie J. Harris, is Superintendent of the Ohio Division of Savings and Loan Associations (“Superintendent”) and liquidator of the insolvent Valleywood Savings and Loan Association (“Valleywood”). She appeals from an order of the trial court dissolving an injunction which prohibited the appellee, the Central Trust Company, N.A. (“Central Trust”), from making payment to First National Bank of Louisville (“FNB”) under Central Trust’s irrevocable standby letter of credit. In her single assignment of error the Superintendent contends that the trial' court erroneously granted FNB’s…