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FEDERAL DEP. INS. CORP. v. MARINE NAT. BANK OF JACKSONVILLE

No. 29518 Summary Calendar.

431 F.2d 341 (1970)

FEDERAL DEPOSIT INSURANCE CORPORATION, Plaintiff-Appellee, v. MARINE NATIONAL BANK OF JACKSONVILLE et al., Defendants-Appellants.

United States Court of Appeals, Fifth Circuit.

Rehearing Denied October 28, 1970.

Attorney(s) appearing for the Case

Clyde N. Wells, Jr., Jacksonville, Fla., for appellants.

Clyde A. Reese, Jr., Jacksonville, Fla., for appellee; Rogers, Towers, Bailey, Jones & Gay, Jacksonville, Fla., of counsel.

Before BELL, AINSWORTH and GODBOLD, Circuit Judges.

GODBOLD, Circuit Judge:

On May 27, 1968 Marine National Bank of Jacksonville commenced business. It took over the premises and many of the officers and employees of Central National Bank, whose acceptable assets it had purchased. Previously the Comptroller of the Currency had determined that an emergency existed with regard to Central's affairs, and for almost a month representatives of the Federal Deposit Insurance Corporation had been on Central's premises investigating...

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