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DOLLAR SAV. BANK v. FIRST SEC. BANK OF UTAH

No. 84-3063.

746 F.2d 208 (1984)

DOLLAR SAVINGS BANK, a Pennsylvania Corporation, Appellee, v. FIRST SECURITY BANK OF UTAH, N.A., not in its individual capacity, but solely as Trustee under a Master Trust Agreement dated as of October 1, 1976, a Utah corporation and Farm Fans, Inc., an Indiana corporation, and Royalnest Leasing Corp., a New York corporation. Appeal of FIRST SECURITY BANK OF UTAH, N.A.

United States Court of Appeals, Third Circuit.

Decided October 17, 1984.

Attorney(s) appearing for the Case

Robert L. Potter (argued), Jon G. Hogue, Titus, Marcus & Shapira, Pittsburgh, Pa., for appellant.

Donald J. Balsley, Jr. (argued), Wick, Rich, Fluke & Streiff, Pittsburgh, Pa., for appellee.

Before ALDISERT, Chief Judge, WEIS, Circuit Judge, and RE, Judge.

OPINION OF THE COURT

WEIS, Circuit Judge.

In this appeal from a proceeding to foreclose on collateral, the issue is whether a district court has personal jurisdiction over an out of state bank because it has received a loan from a bank in the forum district. We conclude that the minimum contacts required for due process have not been established when the non-resident bank does no more than borrow from and repay a loan to the forum bank by wire transfer....

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