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IN RE HOME NATIONAL BANK OF ELLENVILLE, N. Y.

147 F.Supp. 389 (1956)

In the Matter of the Receivership of The HOME NATIONAL BANK OF ELLENVILLE, New York.

United States District Court S. D. New York.

December 18, 1956.

Attorney(s) appearing for the Case

Goldstein, Judd & Gurfein, New York City, Royal L. Coburn, Gen. Counsel, Federal Deposit Ins. Corp., Washington, D. C., for Federal Deposit Ins. Corp. Orrin G. Judd, Earle K. Moore, New York City, John Cecil, Washington, D. C., of counsel.

Benjamin Lonstein and Louis Berger, Ellenville, N. Y., for Ellenville Nat. Bank.

PALMIERI, District Judge.

I am filing an order herewith granting the petition1 of the Federal Deposit Insurance Corporation as Receiver of The Home National Bank of Ellenville, Ellenville, New York, to enter into a proposed contract for the sale of certain assets of the receivership estate. The express purpose of the contract is to permit the newly organized Ellenville National Bank to assume the deposit liabilities of the closed bank...

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