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IN RE SOUTHERN INDUS. BANKING CORP.

Bankruptcy No. 3-83-00372, Adv. P. No. 3-84-0228.

72 B.R. 512 (1987)

In re SOUTHERN INDUSTRIAL BANKING CORPORATION, d/b/a Daveco, Debtor. Thomas E. DuVOISIN, Liquidating Trustee, Plaintiff, v. FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION, as Receiver for American Savings and Loan Association, Defendant.

United States Bankruptcy Court, E.D. Tennessee.

April 20, 1987.

Attorney(s) appearing for the Case

Hunton & Williams, John A. Lucas, Jeffrey S. Norwood, Knoxville, Tenn., for plaintiff.

Jenkins & Jenkins, Michael H. Fitzpatrick, Knoxville, Tenn., for defendant.

MEMORANDUM

CLIVE W. BARE, Bankruptcy Judge.

This is an adversary proceeding brought by Thomas E. DuVoisin, Liquidating Trustee for Southern Industrial Banking Corporation ("SIBC"), against American Savings and Loan Association ("American") to recover avoidable preferences. 11 U.S.C.A. § 547(b) (West 1979). On November 16, 1984, pursuant to Resolution No. 84-624 of the Federal Home Loan Bank Board ("FHLBB"), American was declared insolvent and the Federal...

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