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

No. 72-2972.

482 F.2d 459 (1973)

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

United States Court of Appeals, Ninth Circuit.

July 12, 1973.

Attorney(s) appearing for the Case

Payne Karr (argued), Martin T. Crowder, of Karr, Tuttle, Koch, Campbell, Mawer & Morrow, Seattle, Wash., J. William Via, Jr. (argued), Edward Bransilver, Gen. Counsel, Eric F. Kaplan, Atty., Fed. Deposit Ins. Corp., Washington, D. C., Arnold & Porter, Washington, D. C., for defendant-appellant.

John D. Hawke, Jr., Washington, D. C. (argued), Louis H. Pepper, of Ashley, Foster, Pepper & Riviera, Seattle, Wash., for plaintiffs-appellees.

Before CARTER, CHOY and GOODWIN, Circuit Judges.

CHOY, Circuit Judge:

The Federal Deposit Insurance Corporation (FDIC) appeals from an order enjoining it from withholding its approval of a bank merger. We affirm.

I. THE CASE.

Washington Mutual Savings Bank is the largest thrift institution1 in the State of Washington holding $744 million or 22.9% of the deposits as of June 30, 1970. Washington Mutual has its main offices in Seattle and twenty-two branches throughout...

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