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FIRST STATE BANK OF ATMORE v. THOMPSON

Civ. 6245.

538 So.2d 25 (1987)

FIRST STATE BANK OF ATMORE, a state banking corporation v. Zack THOMPSON, Superintendent of Banks, State of Alabama Banking Department; Federal Deposit Insurance Corporation; and First National Bank of Atmore.

Court of Civil Appeals of Alabama.

Rehearing Denied January 27, 1988.

Attorney(s) appearing for the Case

Charles R. Godwin, Atmore, for appellant.

Terry R. Smyly, Gen. Counsel, State of Alabama Banking Dept., Montgomery, for appellee Zack Thompson, Superintendent of Banks.

Charles M. Crook of Balch & Bingham, Montgomery, for appellees Federal Deposit Ins. Corp. and First Nat. Bank of Atmore.

HOLMES, Judge.

This is a case involving the application and interpretation of certain provisions of the Alabama Banking Code, Chapters 1A through 12A of Title 5 of the 1975 Alabama Code (1981 Repl. Vol.).

This suit is the result of proceedings initiated by the superintendent of the State Banking Department (SBD) to take possession of the First State Bank of Atmore (bank) under the authority of Ala.Code (1975), § 5-8A-20. The bank filed suit pursuant to...

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