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CITIZENS STATE BANK OF MARSHFIELD, MO. v. F.D.I.C.

No. 82-1776.

718 F.2d 1440 (1983)

CITIZENS STATE BANK OF MARSHFIELD, MISSOURI and William G. Magers, John W. Greer, Paul Beckerdite, Calvin Burchfield, Wayne Jones, Wallace R. McFaddin, and C. Virgil Vernon, as the Board of Directors of Citizens State Bank, Marshfield, Missouri, Petitioners-Appellants, v. FEDERAL DEPOSIT INSURANCE CORPORATION, Respondent-Appellee.

United States Court of Appeals, Eighth Circuit.

Decided October 13, 1983.

As Amended November 18, 1983.

Attorney(s) appearing for the Case

Donald W. Jones, Jones, Keeter, Karchmer, Nelms, Sullivan & Kirby, John K. Hulston, Springfield, Mo., for petitioners-appellants.

Douglas H. Jones, Deputy Gen. Counsel, Werner Goldman, Asst. Gen. Counsel, Arthur L. Beamon, Counsel, Washington, D.C., E. Glion Curtis, Regional Counsel, Kansas City, Mo., for respondent-appellee.

Before LAY, Chief Circuit Judge, and McMILLIAN and JOHN R. GIBSON, Circuit Judges.

JOHN R. GIBSON, Circuit Judge.

We must decide whether an order of the Federal Deposit Insurance Corporation (FDIC) directed to the Citizens State Bank of Marshfield, Missouri, insofar as it applies to claimed violations of Regulation Z of the Truth In Lending Act, sufficiently articulated the reasons for its issuance. The FDIC's order is contrary to the recommended decision of the Administrative Law Judge (ALJ). The ALJ conducted a hearing and determined that while...

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