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CHARTER FEDERAL SAV. v. DIRECTOR, OTS

Civ. A. No. 91-0012-A.

773 F.Supp. 809 (1991)

CHARTER FEDERAL SAVINGS BANK, 110 Piedmont Avenue, P.O. Box 668, Bristol, Virginia 24203, Plaintiff, v. DIRECTOR, OFFICE OF THRIFT SUPERVISION, in his own official capacity and as successor in interest to Federal Home Loan Bank Board, and Federal Deposit Insurance Corporation, in its own capacity and as successor in interest to Federal Savings and Loan Insurance Corporation, Defendants.

United States District Court, W.D. Virginia, Abingdon Division.

August 16, 1991.

Attorney(s) appearing for the Case

Thomas M. Buchanan, Eric W. Bloom, Michael L. Sibarium, Washington, D.C., James P. Jones, Bristol, Va., for plaintiff.

Aaron B. Kahn, Harvey Levin (OTS), Washington, D.C., Felicia L. Chambers, Dept. of Justice, Fed. Programs, Washington, D.C., Thomas A. Schulz (FDIC), Washington, Julie M. Campbell, Asst. U.S. Atty., Abingdon, Va., for defendants.

MEMORANDUM OPINION

GLEN M. WILLIAMS, Senior District Judge.

BACKGROUND

The history that led to this litigation began with the savings and loan crisis in the late 1970s and early 1980s. The government agencies charged with dealing with the crisis were the predecessors to the defendants in the present case. The Federal Home Loan Thrift Board (FHLBB) was charged with regulating the thrift industry, a function that is now performed by a defendant in...

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