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VILLAGE OF OAKWOOD v. STATE BANK AND TRUST CO.

No. 3:05CV7173.

410 F.Supp.2d 670 (2006)

VILLAGE OF OAKWOOD, et al., Plaintiffs v. The STATE BANK AND TRUST COMPANY, Defendant.

United States District Court, N.D. Ohio, Western Division.

January 18, 2006.

Attorney(s) appearing for the Case

John C. Deal, Kisor & Winkler LLC, Columbus, OH, for Plaintiffs.

James H. O'Doherty, Stephen A. Rothschild, Shumaker, Loop & Kendrick, Toledo, OH, for Defendant.

ORDER

CARR, Chief Judge.

This is a suit by former depositors of the Oakwood Deposit Bank Company (Oakwood Bank), which was placed into receivership by the Federal Deposit Insurance Corporation (FDIC). The FDIC transferred the assets of the Oakwood Bank to the defendant State Bank and Trust Company (State Bank). The plaintiffs' deposits with Oakwood Bank were not fully insured.

Plaintiffs claim that State Bank is liable for the amount of the uninsured...

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