Federal Deposit Insurance v. Cameron

ORDER

TIMOTHY C. BATTEN, SR., District Judge.

Before the Court is Defendants’ motion to dismiss for failure to state a claim [10].

I. Background

Defendants are former directors of *1339Southern Community Bank,1 a state-chartered, nonmember bank headquartered in Fayetteville, Georgia. On June 19, 2009, less than ten years after its founding, the Georgia Department of Banking and Finance closed the bank. That same day the FDIC-R was appointed receiver.

On June 11, 2012, within three years of its appointment, the FDIC-R and Defendants entered into a written agreement that purported to toll the statute of…