Lovell v. One Bancorp

MEMORANDUM OF DECISION AND ORDER DENYING DEFENDANTS’ MOTIONS FOR JUDGMENT ON THE PLEADINGS

GENE CARTER, District Judge.

I. INTRODUCTION

Plaintiff filed this action to challenge Defendant Maine Savings Bank’s 1984 conversion from a mutual association to a stock corporation. 1 Plaintiff, a depositor in Maine Savings Bank (“Bank”), brings the action under Title 42 U.S.C. § 1983, claiming that the conversion, the process by which it was approved, and the Maine statutes and regulations that authorized it violated numerous state and federal constitutional rights and state statutory provisions. He has…