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FEDERAL DEPOSIT INS. CORP. v. FRANCHISE F. & M. CO., INC.

Civ. No. 72-88.

354 F.Supp. 1016 (1973)

FEDERAL DEPOSIT INSURANCE CORPORATION, as receiver of the Farmers Bank of Petersburg, Petersburg, Kentucky, Plaintiff, v. FRANCHISE FINANCE AND MANAGEMENT COMPANY, INC., a Delaware corporation, et al., Defendants.

United States District Court, S. D. Florida, Miami Division.

February 9, 1973.

Attorney(s) appearing for the Case

J. Frost Walker, of Blackwell, Walker & Gray, Miami, Fla., for plaintiff.

Sidney Soltz, Miami, Fla., for Alvin Klupt, defendant.

ROETTGER, District Judge.

This seemed less like a trial than watching a "B" movie on the late show. The setting for this bizzare transaction is an unlikely one: Petersburg, Kentucky, a town of 430 people, approximately 40 miles down river from Cincinnati. The Farmers Bank of Petersburg is quartered in a simple one-story building which appears to be less than 15 feet in width. The liquidator testified that it is the smallest bank, both in physical size and in assets...

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