Dobbs v. Federal Deposit Insurance Cor.

W. M. Dobbs, as administrator of J. E. Dobbs, and A. A. Irwin filed suit against Merchants & Farmers Bank, R. E. Gormley, superintendent of banks, and Federal Deposit Insurance Corporation, alleging that on July 22, 1935, Gormley as superintendent of banks took charge of Merchants & Farmers Bank, and since then has been in custody and control of its assets; that the plaintiffs are each creditors of Merchants & Farmers Bank, having certain deposits therein when it was closed, and having a prior lien on the assets of the bank; that the defendants have paid all depositors except themselves and…