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MATTER OF RECEIVERSHIP OF PENN SQUARE BANK, N.A.

No. CIV-82-1118-E.

556 F.Supp. 494 (1983)

In the Matter of RECEIVERSHIP OF PENN SQUARE BANK, N.A.

United States District Court, W.D. Oklahoma.

January 20, 1983.

Attorney(s) appearing for the Case

V. Burns Hargis, Oklahoma City, Okl. and Donald B. McKinley, Washington, D.C., Reynolds, Ridings & Hargis, Oklahoma City, Okl., for Federal Deposit Ins. Corp., receiver.

James E. Work, Oklahoma City, Okl., for "Founders Group".

John N. Hermes, Marion C. Bauman and Dee A. Replogle, Jr., Oklahoma City, Okl., for offeror.

Larry Derryberry, Oklahoma City, Okl., for Western Trust & Savings.

ORDER

EUBANKS, Chief Judge.

On December 2nd, 1982, the Federal Deposit Insurance Corporation as Receiver of Penn Square Bank, N.A., Oklahoma City, Oklahoma (hereinafter the "Receiver"), appeared before this Court requesting authority pursuant to 12 U.S.C. § 192 to accept an offer made for the purchase of three tracts of real estate and the improvements thereon (described in the Receiver's Application), for the purchase price of $2,302,000.00.

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