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IN RE SOUTHERN INDUS. BANKING CORP.

Bankruptcy No. 3-83-00372, Adv. No. 3-84-0152.

49 B.R. 760 (1985)

In re SOUTHERN INDUSTRIAL BANKING CORPORATION, d/b/a Daveco Debtor. Thomas E. DUVOISIN, Trustee, Plaintiff, v. FIRST TENNESSEE BANK, KNOXVILLE, TENNESSEE and Federal Deposit Insurance Corporation, Defendants, Knoxville News-Sentinel Co. Intervenor.

United States Bankruptcy Court, E.D. Tennessee.

May 3, 1985.

Attorney(s) appearing for the Case

Dearborn & Ewing, James R. Kelley, Nashville, Tenn., for plaintiff.

Morton, Lewis, King & Krieg, George W. Morton, Jr., Mary M. Farmer, Knoxville, Tenn., for defendants.

Dean Hill Rivkin, Knoxville, Tenn., for intervenor.

CLIVE W. BARE, Bankruptcy Judge.

Plaintiff is the liquidating trustee for Southern Industrial Banking Corporation (SIBC), a former industrial loan and thrift, whose chapter 11 petition was filed on March 10, 1983. Defendant First Tennessee Bank (FTB) is a state banking corporation which purchased certain assets of the former United American Bank (UAB), an insolvent bank, from the Federal Deposit Insurance Corporation (FDIC) on February 15, 1983.

Plaintiff...

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