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ORBANCO, INC. v. SECURITY BANK OF OREGON

Civ. No. 73-836.

371 F.Supp. 125 (1974)

ORBANCO, INC., an Oregon corporation, Plaintiff, and Jack Courtemanche, Intervenor Plaintiff, v. SECURITY BANK OF OREGON, an Oregon State Bank, et al., Defendants and Third Party Plaintiffs.

United States District Court, D. Oregon.

February 1, 1974.

Attorney(s) appearing for the Case

Barnes H. Ellis, Kenneth D. Stephens, Frederick H. Torp, of Davies, Biggs, Strayer, Stoel & Boley, Portland, Or., for ORBANCO, Inc.

Norman J. Wiener, Harvey C. Barragar, of Miller, Anderson, Nash, Yerke & Wiener, Portland, Or., for Courtemanche.

John J. Higgins, of Black, Kendall, Tremain, Boothe & Higgins, Portland, Or., for Security Bank of Oregon.

John L. Schwabe, Roland F. Banks, Jr., Donald Joe Willis, of Souther, Spaulding, Kinsey, Williamson & Schwabe, Portland, Or., for defendants Brice.

SKOPIL, District Judge:

I.

NATURE OF THE ACTION

This action arises out of tender offers extended by plaintiffs, ORBANCO, Inc. and Jack Courtemanche. They want to acquire control of the defendant Security Bank of Oregon. Plaintiffs allege violations by defendants of the Williams Act and FDIC rules and regulations. Defendants have counterclaimed. They contend that plaintiffs' tender offers are invalid because of alleged violations of the Bank Holding...

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