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PROVIDENT NAT. BANK v. CAL. FED. SAV. & LOAN ASS'N

No. 86-1622.

819 F.2d 434 (1987)

PROVIDENT NATIONAL BANK v. CALIFORNIA FEDERAL SAVINGS & LOAN ASSOCIATION v. LEHMAN MANAGEMENT CO., INC. and State Street Securities Service Corporation. Appeal of CALIFORNIA FEDERAL SAVINGS & LOAN ASSOCIATION.

United States Court of Appeals, Third Circuit.

Decided June 4, 1987.

Attorney(s) appearing for the Case

J. Justin Blewitt, Jr. (argued), Robert John Jensen, Philbert E. Seals, William L. Callender, Los Angeles, Cal., for appellant.

William A. Slaughter (argued), Ballard, Spahr, Andrews & Ingersoll, Philadelphia, Pa., for appellee, Provident Nat. Bank.

Before HIGGINBOTHAM, MANSMANN, and ROSENN, Circuit Judges.

OPINION OF THE COURT

ROSENN, Circuit Judge.

This appeal in a diversity action between two large financial institutions, each having headquarters in opposite sections of the country, raises a not uncommon question of how much contact a modern lending institution must have within the forum state to confer in personam jurisdiction. The United States District Court held in the instant case that California Federal Savings & Loan Association (California...

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