STANDARD INS. CO. v. OLIN

CA A36644, CA A36645, CA A36734.

742 P.2d 628 (1987)

87 Or.App. 276

IN THE MATTER OF THE EXCHANGE OF SERIES A JUNIOR PREFERRED STOCK OF BANORE BANCSHARES, Inc., for the Preferred Stock and Subordinated Capital Notes of Bank of Oregon in Connection with a Plan of Reorganization. STANDARD Insurance Company, an Oregon Corporation, Petitioner, v. John B. OLIN, Oregon Superintendent of Banks, Banore Bancshares, Inc., and Bank of Oregon, Respondents. In the matter of the Exchange of Series a Junior Preferred Stock of Banore Bancshares, Inc., for the Preferred Stock and Subordinated Capital Notes of Bank of Oregon in Connection with a Plan of Reorganization. Standard Insurance Company, an Oregon Corporation, Petitioner, v. JANE EDWARDS, Oregon Corporation Commissioner, Banore Bancshares, Inc., and Bank of Oregon, Respondents. In the matter of the Request for Approval of the Agreement and Plan of Reorganization of the Bank of Oregon. Ajmer Singh and Verna M. Singh, Petitioners, v. John B. OLIN, Oregon Superintendent of Banks, Banore Bancshares, Inc., and Bank of Oregon, Respondents. In the matter of the Exchange of Series a Junior Preferred Stock of Banore Bancshares, Inc., for the Preferred Stock and Subordinated Capital Notes of Bank of Oregon in Connection with a Plan of Reorganization. Ajmer Singh and Verna M. Singh, Petitioners, v. Jane Edwards, Oregon Corporation Commissioner, Banore Bancshares, Inc., and Bank of Oregon, Respondents.

Court of Appeals of Oregon.

Decided September 9, 1987.


Attorney(s) appearing for the Case

Don G. Carter, Portland, argued the cause for petitioner Standard Ins. Co. With him on the briefs were Jay D. Hull, and McEwen, Gisvold, Rankin & Stewart, Portland.

Ajmer Singh and Verna M. Singh, pro se.

John R. Faust, Jr., Portland, argued the cause for respondents Banore Bancshares, Inc., and Bank of Oregon. With him on the brief was Schwabe, Williamson, Wyatt, Moore & Roberts, Portland.

Christine L. Dickey, Asst. Atty. Gen., Salem, argued the cause for respondents John B. Olin and Jane Edwards. With her on the brief were Dave Frohnmayer, Atty. Gen. and James E. Mountain, Jr., Sol. Gen., Salem.

Before WARDEN, P.J., and WARREN and ROSSMAN, JJ.


WARREN, Judge.

This case is on remand from the Supreme Court. 303 Or. 136, 734 P.2d 352 (1987). Petitioners seek review of an order by the Deputy Superintendent of Banks approving a proposed reorganization of the Bank of Oregon (the Bank). The facts of this controversy are adequately detailed in our initial opinion. 81 Or.App. 405, 725 P.2d 934<...

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