Standard Insurance v. Olin

This case is on remand from the Supreme Court. 303 Or 136,734 P2d 352 (1987). Petitioners seek review of an order by the Deputy Superintendent of Banks approving a proposed reorganization of the Bank of Oregon (the Bank). The facts of this controversy are adequately detailed in our initial opinion. 81 Or App 405, 725 P2d 934 (1986). To the extent that we are able to review the Deputy’s order, we affirm.

A bank reorganization will be approved if the Superintendent of Banks finds that four requirements are met, including that the plan is fair to stockholders, depositors and creditors. ÓRS…