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JACOBSON v. FEDERAL DEPOSIT INS. CORP.

Civ. No. 73-163-2.

407 F.Supp. 821 (1976)

Richard O. JACOBSON, Plaintiff, v. FEDERAL DEPOSIT INSURANCE CORPORATION, Defendant, and Federal Deposit Insurance Corporation, as Receiver of State Bank of Prairie City, Prairie City, Iowa, Intervening and Counterclaiming Defendant.

United States District Court, S. D. Iowa, C. D.

January 23, 1976.

Attorney(s) appearing for the Case

Frank W. Davis, Jr., Charles H. Dick, Jr., and T. Scott Bannister, Des Moines, Iowa, for plaintiff.

B. C. Clayton and R. Eugene Knopf, Newton, Iowa, for defendant.

FINDINGS OF FACT, CONCLUSIONS OF LAW AND ORDER FOR JUDGMENT

HANSON, Chief Judge.

Plaintiff Richard O. Jacobson commenced this lawsuit on August 17, 1973, seeking monetary recovery from the Federal Deposit Insurance Corporation (FDIC) in its capacity as insuror of the deposits of the State Bank of Prairie City, Iowa (the Bank). Plaintiff asserts that he had a $15,000 deposit in the Bank at the time it was closed by the State of Iowa in February of 1970, and...

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