FIRST STATE BANK OF WAYNE COUNTY v. FEDERAL DEPOSIT INS. CORP.

No. 84-356.

770 F.2d 81 (1985)

FIRST STATE BANK OF WAYNE COUNTY (Formerly City and County Bank of Wayne County), Petitioner, v. FEDERAL DEPOSIT INSURANCE CORPORATION, Respondent.

United States Court of Appeals, Sixth Circuit.

Decided August 15, 1985.


Attorney(s) appearing for the Case

J. Montjoy Trimble, argued, Kevin G. Henry, Lexington, Ky., for petitioner.

John C. Deal, Regional Counsel, Federal Deposit Ins. Co., Columbus, Ohio, Arthur L. Beamon, Asst. Gen. Counsel, Hoyle L. Robinson, Secretary, Federal Deposit Ins. Co., Thomas A. Schulz, argued, Washington, D.C., for respondent.

Before MARTIN, CONTIE and WELLFORD, Circuit Judges.


BOYCE F. MARTIN, Jr., Circuit Judge.

First State Bank of Wayne County petitions for review of a cease and desist order issued against it by the Federal Deposit Insurance Corporation.

In 1982 the Bank, which is located in Monticello, Kentucky, began making loans to borrowers outside the Bank's trade area. Most of these borrowers, among whom were Jacob F. Butcher and C.H. Butcher, Jr., were located in Knoxville, Tennessee. On June 8, 1983, the FDIC issued a...

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