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IOWA INDEPENDENT BANKERS v. BOARD OF GOV. OF F. R. S.

No. 73-1952.

511 F.2d 1288 (1975)

IOWA INDEPENDENT BANKERS, an Iowa Nonprofit Corporation, Petitioner, v. BOARD OF GOVERNORS OF the FEDERAL RESERVE SYSTEM, Respondent, Northwest Bancorporation, Intervenor.

United States Court of Appeals, District of Columbia Circuit.

Decided February 7, 1975.

Attorney(s) appearing for the Case

Wayne P. Dordell, St. Paul, Minn., with whom Horace R. Hansen, St. Paul, Minn. and Richard W. Berglund, Des Moines, Iowa, were on the brief for petitioner.

Karen K. Siegel, Atty., Dept. of Justice, with whom Irving Jaffe, Deputy Asst. Atty. Gen. and Robert E. Kopp, Atty., Dept. of Justice, were on the brief for respondent.

Duane W. Krohnke, Minneapolis, Minn., with whom Dorsey D. Ellis, Jr., Iowa City, Iowa, was on the brief for intervenor.

Before TAMM and LEVENTHAL, Circuit Judges and MERHIGE, United States District Judge for the Eastern District of Virginia.

TAMM, Circuit Judge:

Iowa Independent Bankers (Iowa Bankers), an association of over 400 Iowa banks, petitions this court to set aside an order of respondent, Board of Governors of the Federal Reserve System (the Board), approving the acquisition of two Iowa banks by Northwest Bancorporation (Northwest). Petitioner argues principally that the Iowa statute authorizing the acquisition violates the fourteenth amendment to the United States Constitution, conflicts with...

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