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PLAZA BANK OF WEST PORT v. BD. OF GOVERNORS, ETC.

No. 77-1730.

575 F.2d 1248 (1978)

PLAZA BANK OF WEST PORT, ST. LOUIS, MISSOURI, Petitioner, v. BOARD OF GOVERNORS OF the FEDERAL RESERVE SYSTEM, Respondent, and Manchester Financial Corporation, St. Louis, and Manchester Bank West County, Maryland Heights, Missouri, Respondents-Intervenors.

United States Court of Appeals, Eighth Circuit.

Decided May 15, 1978.

Attorney(s) appearing for the Case

Jerome Wallach, Wallach & McAvoy, Gravois, Fenton, Mo., for petitioner.

Thomas G. Wilson, Atty. App. Section, Civ. Div., Dept. of Justice, Washington, D. C., for respondent, Board of Governors, etc.; Barbara Allen Babcock, Asst. Atty. Gen., and Ronald R. Glancz and Mark N. Mutterperl, Attys., Washington, D. C., on brief.

Thompson & Mitchell, St. Louis, Mo., for intervenor-respondent, Manchester Financial Corp., et al.; Peter A. Fanchi (argued), and David F. Ulmer, St. Louis, Mo., on brief.

Before VAN OOSTERHOUT, Senior Circuit Judge, LAY, Circuit Judge, and HANSON, Senior District Judge.

VAN OOSTERHOUT, Senior Circuit Judge.

Before us is a timely petition filed by Plaza Bank of West Port, St. Louis, Missouri (Plaza Bank), for review of the order of the Board of Governors of the Federal Reserve System (hereinafter the Board), effective August 15, 1977, granting the application of Manchester Financial Corporation (MFC) to obtain prior approval of the transfer of 99.4% of the capital stock of Manchester Bank...

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