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FEDERAL DEPOSIT INS. v. MARINE NAT. EXCH. BANK

No. 79-C-339.

500 F.Supp. 108 (1980)

FEDERAL DEPOSIT INSURANCE CORPORATION, a United States Corporation, Plaintiff, v. MARINE NATIONAL EXCHANGE BANK OF MILWAUKEE, Raymond L. Callen, John D. Hanrahan, Kenneth G. Pfister, Donald C. Pottinger, David R. Richards, Thomas J. Wegmann, and Francis M. Wilson, Defendants.

United States District Court, E. D. Wisconsin.

October 6, 1980.

Attorney(s) appearing for the Case

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

Paul V. Lucke, Reinhart, Boerner, Van Deuren, Norris & Rieselbach, Milwaukee, Wis., for Bank.

Dennis M. Grzezinski, Frisch, Dudek & Slattery, Milwaukee, Wis., for Richards.

John A. Keck, Milwaukee, Wis., for Hanrahan.

Dennis J. Christensen, Racine, Wis., for Pottinger.

Robert L. Hersh, Peregrine, Marcuvitz, Cameron & Peltin, Milwaukee, Wis., for Wilson.

MEMORANDUM AND ORDER

WARREN, District Judge.

This is another in a seemingly never ending stream of cases resulting from the collapse of American City Bank. Unlike the majority of cases, this one is not a suit on a note. Rather the Federal Deposit Insurance Corporation (FDIC), in its corporate capacity, is seeking a declaration as to its rights to certain monies held by the Marine National Trust Company, N.A. (Marine) as trustee for the American Bankshares...

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