[DOWNLOAD] "Village of Oakwood v. State Bank and Trust Co." by United States Court of Appeals Tenth Circuit " eBook PDF Kindle ePub Free

eBook details

Title: Village of Oakwood v. State Bank and Trust Co.
Author : United States Court of Appeals Tenth Circuit
Release Date : January 22, 2008
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 77 KB

Description

On February 1, 2002, the Oakwood Deposit Bank Company (Oakwood) failed. The Federal Deposit Insurance Corporation (FDIC) was immediately appointed as receiver. On the following day, the FDIC signed a Purchase and Assumption Agreement (P&A Agreement) with State Bank and Trust Company (State Bank) that caused the insured deposits of Oakwood to be transferred to State Bank. A group of partially uninsured depositors (collectively referred to as the Uninsured Depositors) filed a complaint in state court against State Bank in an attempt to recover the value of their uninsured deposits.