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GRANT COUNTY S. & L. v. RESOLUTION TRUST CORP.

No. LR-C-90-595.

770 F.Supp. 1374 (1991)

GRANT COUNTY SAVINGS & LOAN ASSOCIATION, Sheridan, Arkansas, Plaintiff, v. The RESOLUTION TRUST CORPORATION as Receiver for Savers Federal Savings & Loan Association, and The Resolutions Trust Corporation as Conservator for Savers Savings Association, Defendants.

United States District Court, E.D. Arkansas, W.D.

July 29, 1991.

Attorney(s) appearing for the Case

Frank H. Bailey, Mountain Home, Ark., for plaintiff.

Harry Light, Little Rock, Ark., for defendants.

MEMORANDUM OPINION

SUSAN WEBBER WRIGHT, District Judge.

This is a declaratory judgment action in which Grant County Savings & Loan Association (Grant County) seeks a determination that the amounts it owes the Resolution Trust Corporation (RTC) as Conservator for Savers Savings Association (Savers Savings) under certain loan participation agreements should be offset against an amount represented by a Receiver's Certificate issued to Grant County by the...

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