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FIRST AMERICAN NAT. BANK v. FEDERAL DEPOSIT INS.

No. CIV-2-83-409.

600 F.Supp. 383 (1984)

FIRST AMERICAN NATIONAL BANK EASTERN, Trustee v. FEDERAL DEPOSIT INSURANCE CORPORATION, et al.

United States District Court, E.D. Tennessee, Northeastern Division.

November 23, 1984.

Attorney(s) appearing for the Case

Walter L. Price, Johnson City, Tenn., for plaintiff.

Earl D. Wilson, Scott R. Fransen, Ambrose, Wilson & Grimm, Knoxville, Tenn., for defendants.

Craig J. Donaldson, Knoxville, Tenn., for William B. Greene, Jr. and Sr. and Greene Inv. Corp.

E. Reynolds Davies, Jr., Henry Haile, Morton, Lewis, King & Krieg, Nashville, Tenn., for FDIC.

Dale Allen, Rick Bearfield, Baker, Worthington, Crossley, Stansberry & Woolf, Johnson City, Tenn., for Blount Nat. Bank.

Robert R. Campbell, Dean B. Farmer, Knoxville, Tenn., for Merrill-Lynch.

Bernard E. Bernstein, David L. Buuck and D. Scott Hurley, Claiborne, Buuck & Hurley, Knoxville, Tenn., for Citizens Bank of Sneedville.

Thomas N. McAdams, Knoxville, Tenn., for Joe Snyder.

ORDER

HULL, District Judge.

This is an action for declaratory judgment on the issue of who is entitled to receive distribution of certain funds currently in the possession of plaintiff First American National Bank — Eastern (FANB) as successor trustee to First Peoples Bank of Washington County (FPB). The action came before the Court for a hearing on cross-motions for summary judgment on November 9, 1984.

I.

The following undisputed...

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