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OLD STONE BANK v. MICHAELSON

Civ. A. No. 77-0356.

439 F.Supp. 252 (1977)

OLD STONE BANK, on its own behalf and as Trustee of Old Stone Bank Thrift Incentive Plan and Trust Agreement, Plaintiff, v. Julius C. MICHAELSON, Thomas J. Caldarone, Jr., and Anthony J. Solomon, in their capacities as members of the Rhode Island Board of Bank Incorporation, Defendants.

United States District Court, D. Rhode Island.

October 27, 1977.

Attorney(s) appearing for the Case

Edward J. Regan, Robert W. Edwards, Jr., Providence, R. I., for plaintiff.

Allen P. Rubine, Asst. Atty. Gen., Providence, R. I., for defendants.

OPINION

FRANCIS J. BOYLE, District Judge.

This action is brought by Old Stone Bank, as Plaintiff, in its corporate capacity and in its capacity as Trustee of Old Stone Bank Thrift Incentive Plan and Trust Agreement (hereinafter the Plan) against Defendants in their capacities as members of the Rhode Island Board of Bank Incorporation (hereinafter the Board). Plaintiff seeks a declaratory judgment and injunctive relief, contending that the Employee Retirement...

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