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SANDIA FEDERAL SAV. & LOAN ASS'N v. VERNON SAV. & LOAN ASS'N

No. 88-1278 Summary Calendar.

860 F.2d 608 (1988)

SANDIA FEDERAL SAVINGS & LOAN ASSOCIATION, Plaintiff-Appellant, v. VERNON SAVINGS & LOAN ASSOCIATION, et al., Defendants-Appellees.

United States Court of Appeals, Fifth Circuit.

October 14, 1988.

Attorney(s) appearing for the Case

Collier H. Pate, William C. McAlister, Pate & Payne, Oklahoma City, Okl., for plaintiff-appellant.

Leonard, Marsh, Hurt & Terry, David A. Ives, Ann C. Kenney, Dallas, Tex., Richard L. Rennert, Washington, D.C., David I. Hammond, Barry S. Zisman, William G. Compton, Dallas, Tex., Paul H. Friedman, Samuel J. Winer, Charles McDonald, Washington, D.C. for defendants-appellees.

Before CLARK, Chief Judge, JOHNSON and JOLLY, Circuit Judges.

E. GRADY JOLLY, Circuit Judge:

Sandia Federal Savings and Loan Association ("Sandia") appeals the district court's dismissal, for lack of subject matter jurisdiction, of Sandia's claim against Vernon Savings and Loan Association ("Vernon") after the Federal Home Loan Bank Board ("FHLBB") had declared Vernon insolvent and appointed the Federal Savings and Loan Insurance Corporation ("FSLIC") as receiver. We affirm.

I

Sandia purchased participations...

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