Legal Opinion
First American National Bank Eastern v. Federal Deposit Insurance
District Court, E.D. Tennessee
Decided November 23, 1984No. CIV-2-83-409PublishedCited by 2 opinions
1Opinion of the Court
ORDER
HULL, District Judge.
This is an action for declaratory judgment on the issue of who is entitled to receive distribution of certain funds currently in the possession of plaintiff First American National Bank — Eastern (FANB) as successor trustee to First Peoples Bank of Washington County (FPB). The action came before the Court for a hearing on cross-motions for summary judgment on November 9, 1984.
I
The following undisputed facts gave rise to this litigation:
On January 14, 1969, the shareholders of FPB authorized the bank to increase its capital through the issuance of convertible…
2Cases cited2 opinions
- Warder v. BradyCourt of Appeals for the Fourth Circuit · 1940
- Jenkins v. DuggerCourt of Appeals for the Sixth Circuit · 1938
3Cited by2 opinions
- First American National Bank-Eastern, Trustee v. Federal Deposit Insurance Corporation, Joseph C. Snyder, Jr., of the Estate of Beulah Snyder RoseCourt of Appeals for the First Circuit · 1986
- Central National Bank of Waco, Texas v. Federal Deposit Insurance Corporation, as Receiver for First Republicbank Waco, N.A.Court of Appeals for the First Circuit · 1990