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EXCHANGE BANK v. DIRECTOR OF OFFICE OF THRIFT

No. 98-CV-241-C(J).

29 F.Supp.2d 1272 (1998)

THE EXCHANGE BANK, Plaintiff, v. THE DIRECTOR OF THE OFFICE OF THRIFT SUPERVISION, Defendant, American Bank of Oklahoma, Collinsville, Oklahoma, a federally chartered stock saving bank, Intervenor/Defendant.

United States District Court, N.D. Oklahoma.

November 23, 1998.

Attorney(s) appearing for the Case

Steven Matthew Kobos, Nichols Wolfe Stamper Nally & Fallis Inc., Tulsa, OK, for The Exchange Bank, plaintiffs.

Thomas J. Segal, Aaron B. Kahn, Office of Thrift Supervision, Litigation Division, Washington, DC, for Office of Thrift Supervision, defendants.

Jody Rae Nathan, Robert A. Franden, Feldman Franden Woodward & Farris, Tulsa, OK, for American Bank of Oklahoma, Collinsville, Oklahoma, intervenor defendant.

ORDER

H. DALE COOK, Senior District Judge.

Pending before the Court are the motions for summary judgment filed by plaintiff, Exchange Bank ("Exchange"), defendant, Office of Thrift Supervision ("OTS"), and intervenor/defendant, American Bank of Oklahoma.

The material facts in this case are not disputed. In June 1997, a group of individuals ("organizers") applied to the OTS for permission to organize a federal savings association under the...

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