Federal Deposit Ins. Corp. v. Manatt
District Court, E.D. Arkansas
1Opinion of the Court
ORDER
GEORGE HOWARD, Jr., District Judge.
On June 15, 1984, the Bank Commissioner of the State of Arkansas determined that Corning Bank (“Bank”) was insolvent, ordered the Bank closed, and tendered the Bank’s assets and affairs to the Federal Deposit Insurance Corporation (“FDIC”) as Receiver pursuant to Ark. Stat. Ann. §§ 67-601 et seq. (now A.C.A. 23-33-101 et seq.) and 12 U.S.C. § 1821(e). On the same date, pursuant to 12 U.S.C. § 1823(c)(2)(A), the FDIC in its corporate capacity purchased from the Receiver certain assets and interests of the Bank, including those claims of the Bank against…
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- Christine Roth Melo v. United StatesCourt of Appeals for the Eighth Circuit · 1974
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