Legal Opinion

Independence Federal Savings Bank v. Bender

Court of Appeals for the D.C. Circuit

Decided July 19, 2005No. Civ.A. 04-736(RMC)PublishedCited by 15 opinions

1Opinion of the Court

MEMORANDUM OPINION

COLLYER, District Judge.

Independence Federal Savings Bank (“IFSB” or “Bank”), a minority-owned financial institution in Washington, D.C., has had a difficult few years.1 In November 2003, IFSB’s federal regulator, the Office of Thrift Supervision (“OTS”), labeled the bank “troubled” after allegations of mismanagement arose in connection with financial improprieties at the Washington Teachers’ Union. *13For relief, the Bank sought to merge with Carver Federal Savings Bank, a subsidiary of Carver Bancorp, Inc. (“Carver”). Morton A. Bender, a major shareholder of the Bank, opposed…

2Cases cited21 opinions

  1. Cooter & Gell v. Hartmarx Corp.Supreme Court of the United States · 1990
  2. Clinton v. JonesSupreme Court of the United States · 1997
  3. Cone v. West Virginia Pulp & Paper Co.Supreme Court of the United States · 1947
  4. General William C. Westmoreland, Ambassador Richard Helms v. Cbs, Inc.Court of Appeals for the D.C. Circuit · 1985
  5. Mordechai Gurary v. Isaac Winehouse and Isaac Winehouse, Doing Business as Wall & Broad Equities, Nu-Tech Bio-Med, Inc.Court of Appeals for the Second Circuit · 2000

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3Cited by15 opinions

  1. N.S. Ex Rel. S.S. v. District of ColumbiaDistrict Court, District of Columbia · 2017
  2. Mittakarin v. Infotran Systems, Inc.District Court, District of Columbia · 2012
  3. In Re CalomirisDistrict of Columbia Court of Appeals · 2010
  4. Bender v. JordanDistrict Court, District of Columbia · 2010
  5. Beachside Associates, LLC v. SBRMCOA, LLC, d/b/a Sapphire Beach ResortSuperior Court of The Virgin Islands · 2020

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