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CITIZENS STATE BANK v. FEDERAL DEPOSIT INS.

No. CIV 84-188-R.

639 F.Supp. 758 (1986)

The CITIZENS STATE BANK, Liberal, Kansas, a Kansas banking corporation, Plaintiff, v. The FEDERAL DEPOSIT INSURANCE CORPORATION, et al., Defendants.

United States District Court, W.D. Oklahoma.

July 15, 1986.

Attorney(s) appearing for the Case

Susan Wilson and Glenn M. Jones, Jones, White & Beck, Oklahoma City, Okl., for plaintiff.

Charles V. Wheeler, Gable & Gotwals, Tulsa, Okl., Charles C. Green, Harold M. Durall, Oklahoma City, Okl., Richard B. Talley and L. Kaye Farrar, Talley, Perrine & Smith, Norman, Okl., Burck Bailey and Warren F. Bickford IV, Fellers, Snider, Blankenship, Bailey & Tippens, Jack G. Bush and Gary R. Underwood, Bush & Underwood, Tom R. Cornish, Kirk & Chaney, Peter B. Bradford and Clifford A. Jones, Bradford, Haswell, Jones, Susan R. Byrd, Doug L. Perry, Williams, Luttrell, Boren & Perry, Oklahoma City, for defendants.

ORDER

DAVID L. RUSSELL, District Judge.

This action grows out of a loan participation agreement entered into between Penn Square Bank (Penn Square) and the Plaintiff, Citizens State Bank, Liberal, Kansas (Citizens). Citizens brought its initial complaint against the Federal Deposit Insurance Corporation (FDIC), as receiver for Penn Square and against several of the former directors and officers of Penn Square. Defendants1 brought...

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