1. Home
  2. Browse Decisions
  3. F.2d
  4. 802 F.2d
  5. 802 F.2d 291 (1986)
 

FIRST NAT. BANK OF BLUE ISLAND v. BOARD OF GOVERNORS

No. 85-2615.

802 F.2d 291 (1986)

FIRST NATIONAL BANK OF BLUE ISLAND EMPLOYEE STOCK OWNERSHIP PLAN, Petitioner, v. The BOARD OF GOVERNORS OF the FEDERAL RESERVE SYSTEM, Respondent.

United States Court of Appeals, Seventh Circuit.

Decided October 1, 1986.

Attorney(s) appearing for the Case

Edward J. Karlin, Seyfarth Shaw Fairweather & Geraldson, Chicago, Ill., for petitioner.

Kevin Handly, Federal Reserve Bd., Washington, D.C., for respondent.

Before CUMMINGS and RIPPLE, Circuit Judges, and ESCHBACH, Senior Circuit Judge.

CUMMINGS, Circuit Judge.

The issue in this case is whether an employee stock ownership plan is a "company" for purposes of the Bank Holding Company Act (BHCA), 12 U.S.C. § 1841(a). Because we conclude that an ESOP is a "business trust" or "similar organization," the decision of the Board of Governors of the Federal Reserve System is affirmed.

Statement of the Case

The First National Bank of Blue Island...

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