ARGONAUT SAVINGS & LOAN ASS'N v. FEDERAL DEPOSIT INS. CORP.

No. 21364.

392 F.2d 195 (1968)

ARGONAUT SAVINGS & LOAN ASSOCIATION, etc., Appellant, v. FEDERAL DEPOSIT INSURANCE CORP., Appellee.

United States Court of Appeals Ninth Circuit.

Rehearing Denied May 14, 1968.


Attorney(s) appearing for the Case

Howard B. Crittenden, Jr. (argued), Payne & Levy, San Francisco, Cal., for appellant.

Alan I. Kaplan (argued), Harold R. McKinnon, of Bronson, Bronson & McKinnon, San Francisco, Cal., John F. Lee, Leslie H. Fisher, Federal Deposit Insurance Corporation, Washington, D. C., for appellee.

Before MADDEN, Judge, Court of Claims, JERTBERG and DUNIWAY, Circuit Judges.


DUNIWAY, Circuit Judge:

This is an action by the assignees of a lessor of real property against the Federal Deposit Insurance Corporation (FDIC) as receiver of the lessee, San Francisco National Bank. The District Court entered a summary judgment for the FDIC. We affirm.

The lease was made on July 12, 1963, and calls for rent at $3,000 per month, plus taxes and insurance. On January 22, 1965, the Comptroller of the Currency ordered the Bank closed as insolvent...

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