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FIRST AMERICAN SAV. BANK v. WESTSIDE FEDERAL SAV. AND LOAN

No. C85-1087C.

639 F.Supp. 93 (1986)

FIRST AMERICAN SAVINGS BANK, F.S.B., a federally chartered savings bank having its principal office in the State of North Carolina, and Security Savings Bank, F.S.B., a federally chartered savings bank having its principal office in the State of New Mexico, Plaintiffs, v. WESTSIDE FEDERAL SAVINGS AND LOAN ASSOCIATION, a federally chartered association having its principal office in the State of Washington, in its own capacity and as Trustee, Defendants.

United States District Court, W.D. Washington.

February 4, 1986.

Attorney(s) appearing for the Case

E. Michele Moquin, Jones, Grey & Bayley, P.S., Seattle, Wash., for plaintiffs.

John D. Alkire, Perkins Coie, Seattle, Wash., for Federal Sav. and Loan Ins. Corp.

ORDER ON MOTIONS

COUGHENOUR, District Judge.

THIS MATTER comes before the Court on a number of cross-motions by plaintiffs and the Federal Savings and Loan Insurance Corporation (hereinafter "FSLIC"). Having considered the pleadings, memoranda in support of the respective motions, the oral argument of the parties, and the record herein, the Court finds and concludes as follows:

This civil case arises out of a $9 million construction loan in which...

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