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YORK BANK & TRUST v. FEDERAL SAV. & LOAN INS. CORP.

Civ. A. No. 86-0376.

663 F.Supp. 1100 (1987)

The YORK BANK & TRUST COMPANY, Plaintiff, v. FEDERAL SAVINGS & LOAN INSURANCE CORPORATION in its corporate capacity and as receiver for Empire Savings & Loan Assn., Federal Home Loan Bank Board, First United Fund Limited, Inc., and P.V. Anderson, Defendants.

United States District Court, M.D. Pennsylvania.

July 10, 1987.

Attorney(s) appearing for the Case

Arthur J. Murphy, Jr. & Assoc., P.C., Pittsburgh, Pa., Richard M. Rosenbleeth, Blank, Rome, Comisky & McCauley, WeiWei Chiu, Alan C. Gershenson, Philadelphia, Pa., for plaintiff.

Alan Z. Lefkowitz, Finkel, Lefkowitz, Ostrow & Woolridge, Pittsburgh, Pa., for P.V. Anderson, Inc.

Edward C. Schmidt, Roy A. Powell, Rose, Schmidt, Champman, Duff & Hasley, Pittsburgh, Pa., for First United Fund.

Charlotte A. Ried, Office of General Counsel, Federal Home Loan Bank Bd., Washington, D.C., Mary Spearing, Asst. U.S. Atty., Harrisburg, Pa., for Federal defendants.

MEMORANDUM

CALDWELL, District Judge.

Introduction

Plaintiff, The York Bank & Trust Company, brought this action against the federal defendants, the Federal Home Loan Bank Board ("FHLBB") and the Federal Savings and Loan Insurance Company ("FSLIC"), contesting a determination made by the FSLIC that certain certificates of deposit owned by plaintiff whose face value exceeds one million dollars were only insured to the extent of $100,000...

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