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MATTER OF LIQUIDATION OF AMERICAN CITY B. & T. CO., N.A.

Civ. A. No. 75-C-609.

402 F.Supp. 1229 (1975)

In the Matter of the Liquidation of AMERICAN CITY BANK & TRUST COMPANY, N.A. a National Banking Association.

United States District Court, E. D. Wisconsin.

October 21, 1975.

Attorney(s) appearing for the Case

Robert J. Loots, Gibbs, Roper, Loots & Williams, Milwaukee, Wis., for petitioner.

MEMORANDUM OPINION

WARREN, District Judge.

The Federal Deposit Insurance Corporation ("FDIC"), as Receiver of the American City Bank & Trust Company, N.A., a National Banking Association, ("ACB"), has petitioned this Court for an ex parte order authorizing the sale of assets, transfer of liabilities, and transfer of trust powers of ACB to another banking association. Such an arrangement is commonly known as a purchase and assumption transaction. Requests...

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