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FIRST BANK OF OAK PARK v. AVENUE BANK, ETC.

No. 78-2544.

605 F.2d 372 (1979)

FIRST BANK OF OAK PARK, Plaintiff-Appellant, v. AVENUE BANK AND TRUST COMPANY OF OAK PARK and Federal Deposit Insurance Corporation, Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided September 12, 1979.

Attorney(s) appearing for the Case

Robert J. Peters, Chicago, Ill., for plaintiff-appellant.

P. Jane Rutherford, Chicago, Ill., for defendants-appellees.

Before TONE, Circuit Judge, KUNZIG, Judge, and BAUER, Circuit Judge.

KUNZIG, Judge.

This appeal is the result of a suit arising out of the efforts by two competing banks to increase business through expanded banking facilities. Plaintiff-appellant First Bank of Oak Park contends that in approving an application for an additional banking facility for a rival bank, the Regional Director of the Federal Deposit Insurance Corporation (FDIC) [a defendant-appellee] exceeded the statutory and regulatory authority given him. The rival bank...

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