Federal Deposit Ins. Corporation v. Records

OTIS, District Judge.

Federal Deposit Insurance Corporation, plaintiff here, on January 12, 1934, insured the deposits in the Blue Springs State Bank of Blue Springs, Missouri, from and after December 15, 1933. The Blue Springs State Bank on June 25, 1932, entered into contracts with the Bank of Blue Springs and with the Citizens State Bank of Blue Springs. (The last two mentioned banks hereinafter will be designated as the “Qld banks” and plaintiff as FDIC). By .the terms of these contracts the Blue Springs State Bank assumed all the liabilities of the “old banks” due the respective…