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FEDERAL DEPOSIT INS. CORP. v. LOUISIANA NAT. BANK

Civ. A. No. 77-165-A.

484 F.Supp. 111 (1980)

FEDERAL DEPOSIT INSURANCE CORPORATION v. LOUISIANA NATIONAL BANK.

United States District Court, M. D. Louisiana.

January 24, 1980.

Attorney(s) appearing for the Case

Earl S. Eichin, Jr., Barham & Churchill, New Orleans, La., for plaintiff.

Fredrick R. Tulley, Taylor, Porter, Brooks & Phillips, Baton Rouge, La., for defendant.

E. GORDON WEST, District Judge:

This case was tried before this court, sitting without a jury, on July 13, 1979. The litigation centered around the failure of the International City Bank of New Orleans (hereinafter ICB). ICB became insolvent on December 3, 1976 and was immediately taken over by the plaintiff, Federal Deposit Insurance Corporation (hereinafter FDIC).

The factual background is rather simple. On May...

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