Bank of Jackson County v. L. James Cherry Raymond G. Naeyaert

HATCHETT, Circuit Judge;

In this appeal, we affirm the district court’s ruling that Farmers Home Administration (FmHA) officials did not deprive a bank of First Amendment, liberty, or property, rights when they debarred the bank.

FACTS

The Bank of Jackson County (BJC) is a small bank in northwest Florida. In September, 1981, BJC loaned money to Elmer and Shirley Ferris to purchase forty-six dairy cows. The Farmers Home Administration, a federal agency, guaranteed the loan. In 1982, when the Ferrises began surreptitiously removing their cattle from Florida, BJC took possession of the cows *1355remainin…