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SEATTLE-FIRST NAT. BANK v. F.D.I.C.

No. CIV 82-1385-R.

619 F.Supp. 1351 (1985)

SEATTLE-FIRST NATIONAL BANK, a national banking association, Plaintiff, v. The FEDERAL DEPOSIT INSURANCE CORPORATION, in its corporate capacity and as receiver of Penn Square Bank, N.A.; and Deposit Insurance National Bank, a national banking association, successor to Penn Square Bank, N.A., Defendants.

United States District Court, W.D. Oklahoma.

October 15, 1985.

Attorney(s) appearing for the Case

George W. Dahnke, Hastie & Kirschner, Oklahoma City, Okl., for plaintiff.

Charles C. Baker, Oliver S. Howard and Sidney G. Dunagan, Gable & Gotwals, Tulsa, Okl., for defendants.

ORDER

DAVID L. RUSSELL, District Judge.

This lawsuit is one of several loan participation suits arising in the wake of the declared insolvency and receivership of Penn Square Bank, N.A. Plaintiff here, Seattle-First National Bank ("Seafirst") is suing the Federal Deposit Insurance Corporation in FDIC's dual capacities as Receiver for Penn Square and as the Corporation in charge of deposit insurance. Seafirst complains in Count I of the Receiver's offsets...

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