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WASHINGTON MUT. SAV. BANK v. FEDERAL DEPOSIT INS. CORP.

No. 45-71C3.

347 F.Supp. 790 (1972)

WASHINGTON MUTUAL SAVINGS BANK and Grays Harbor Savings & Loan Association, Plaintiffs, v. FEDERAL DEPOSIT INSURANCE CORPORATION, Defendant.

United States District Court, W. D. Washington.

July 21, 1972.

Attorney(s) appearing for the Case

Ashley, Foster, Pepper & Riviera, Louis H. Pepper and Richard E. Keefe, Seattle, Wash., Arnold & Porter, John D. Hawke, Jr., Washington, D. C., for plaintiffs.

Karr, Tuttle, Koch, Campbell, Mawer & Morrow, Payne Karr, Seattle, Wash., William E. Murane, Gen. Counsel, J. William Via, Jr., Counsel, F. D. I. C., Washington, D. C., Ford R. Paulson, Regional Counsel, F. D. I. C., San Francisco, Cal., for defendant.

MEMORANDUM OPINION AND ORDER

SHARP, District Judge.

This is a suit for declaratory judgment filed by the plaintiffs, seeking review of a Federal Deposit Insurance Corporation decision denying approval of a proposed consolidation between the two named plaintiffs. The matter is submitted to this court on motions for summary judgment by both plaintiffs and defendant.

The case is one of first impression under the Bank Merger Act of 1966 [12 U.S.C. &...

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