Legal Opinion
First Interstate Bank of Denver, N.A. v. Federal Deposit Insurance
District Court, D. Colorado
Decided July 21, 1989No. Civ.A.87-C-929PublishedCited by 1 opinion
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
CARRIGAN, District Judge.
Introduction
This action arises over a dispute in the interpretation of the term “deposit” as defined by federal statute and regulation. Plaintiff, First Interstate Bank of Denver, N.A. (“First Interstate”), alleges that it had on deposit with Security Bank of Glen-rock, Wyoming (“Glenrock”), $31,904.64 at the time of Glenrock’s closure by the Wyoming Bank Examiner, and that the FDIC, as receiver, is obligated to reimburse First Interstate for its deposit loss. The FDIC alleges that the $31,904.64 was an extension of credit, not a deposit,…
2Cases cited10 opinions
- United States v. Riverside Bayview Homes, Inc.Supreme Court of the United States · 1985
- Federal Deposit Insurance v. Philadelphia Gear Corp.Supreme Court of the United States · 1986
- Martinez v. Continental EnterprisesSupreme Court of Colorado · 1986
- Avrick v. Rockmont Envelope Co.Court of Appeals for the Tenth Circuit · 1946
- Cargill, Incorporated, and Cross-Appellee v. Van Stafford, D/B/A Stafford Elevator, and Cross-AppellantCourt of Appeals for the Tenth Circuit · 1977
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3Cited by1 opinion
- Raine v. ReedCourt of Appeals for the Fifth Circuit · 1994