Legal Opinion
UNITED WESTERN BANK v. Office of Thrift Supervision
District Court, District of Columbia
Decided June 24, 2011No. Civil Action 11-0408 (ABJ)PublishedCited by 2 opinions
1Opinion of the Court
MEMORANDUM OPINION
AMY BERMAN JACKSON, District Judge.
The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (“FIRREA”), 12 U.S.C. § 1461, et. seq., accords the Director of the Office of Thrift Supervision (“OTS”) broad powers to regulate federally insured savings associations, including the power to appoint a receiver or conservator for an association under certain circumstances. 12 U.S.C. § 1464(d)(2)(A). The appointment of a receiver strips the stockholders, members, officers, and directors of the bank of any authority to act in connection with the bank — with one…
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3Cited by2 opinions
- United States v. Sum of $70,990,605District Court, District of Columbia · 2015
- United Western Bank v. Office of the Comptroller of the CurrencyDistrict Court, District of Columbia · 2013