NORTHEAST BANCORP, INC. v. BOARD OF GOVERNORS

Nos. 1378 to 1380, Dockets 84-4047, 84-4051, 84-4053, 84-4081.

740 F.2d 203 (1984)

NORTHEAST BANCORP, INC. and Union Trust Company, Petitioners-Appellants, v. BOARD OF GOVERNORS OF the FEDERAL RESERVE SYSTEM, Respondent-Appellee. CITICORP, a Corporation, Petitioner, v. The BOARD OF GOVERNORS OF the FEDERAL RESERVE SYSTEM, Respondent.

United States Court of Appeals, Second Circuit.

Decided August 1, 1984.


Attorney(s) appearing for the Case

George D. Reycraft, New York City (Cadwalader, Wickersham & Taft, New York City, of counsel), for petitioners Northeast Bancorp, Inc. and Union Trust Co.

James W. Quinn, New York City (Weil, Gotshal & Manges, New York City, of counsel), for petitioner Citicorp.

James E. Scott, Washington, D.C. (Richard K. Willard, Acting Asst. Atty. Gen., U.S. Dept. of Justice, Washington, D.C., Michael Bradfield, Gen. Counsel, Richard M. Ashton, Asst. General Counsel, Bd. of Governors of the Federal Reserve System, Washington, D.C., of counsel), for respondent Bd. of Governors of the Federal Reserve System.

(Bertram M. Kantor, Michael H. Byowitz, Wachtell, Lipton, Rosen & Katz, New York City, of counsel), for intervenor CBT Corp.

(Kenneth Laurence, Choate, Hall & Stewart, Boston, Mass., Prof. Laurence H. Tribe, Cambridge, Mass., of counsel), for intervenor Bank of New England Corp.

William Hughes Mulligan, New York City (Douglas M. Kraus, William J. Sweet, Jr., Lawrence J. Block, Margaret Enloe, Skadden, Arps, Slate, Meagher & Flom, New York City, of counsel), for intervenor Hartford Nat. Corp.

Jamie W. Katz, Asst. Atty. Gen., The Commonwealth of Massachusetts, Boston, Mass., Francis X. Bellotti, Atty. Gen., Boston, Mass., for intervenor Commonwealth of Massachusetts.

John G. Haines, Asst. Atty. Gen., Hartford, Conn. (Joseph I. Lieberman, Atty. Gen., Jane E. Comerford, Asst. Atty. Gen., Hartford, Conn., of counsel), for intervenor State of Connecticut and Brian J. Woolf, Banking Commissioner.

Stuart C. Stock, Washington, D.C. (Covington & Burling, Washington, D.C.), for intervenor Bank of Boston Corp.

Before CARDAMONE and PRATT, Circuit Judges, and BONSAL, District Judge.


BONSAL, District Judge:

Petitioners Citicorp ("Citicorp") and Northeast Bancorp, Inc. together with Northeast's subsidiary bank, Union Trust Company (collectively "Northeast"), petition this court to review three orders of the Board of Governors of the Federal Reserve System (the "Board") which, pursuant to Sections 3 and 4(c)(8) of the Bank Holding Company Act of 1956 (the "BHCA"), approved the applications of:

1) Bank of New England Corporation ("BNE")...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases