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IN RE FIRST INDEPENDENT TRUST CO.

Bankruptcy No. 289-03511-C-11.

101 B.R. 206 (1989)

In re FIRST INDEPENDENT TRUST COMPANY, a California Corporation, Debtor.

United States Bankruptcy Court, E.D. California.

May 24, 1989.

Attorney(s) appearing for the Case

Wilbur H. Haines, III, Law Offices of Jon D. Smock, Sacramento, Cal., for debtor.

Frederick D. Holden, Jr., Brobeck, Phleger & Harrison, San Francisco, Cal., for Harold D. Doyle, Acting Superintendent of Banks, as such and as liquidator of First Independent Trust Co.

FINDINGS OF FACT AND CONCLUSIONS OF LAW

CHRISTOPHER M. KLEIN, Bankruptcy Judge:

The question is whether First Independent Trust Company is eligible to be a debtor under the Federal Bankruptcy Code. I conclude that it is ineligible by virtue of 11 U.S.C. § 109(b)(2).

FINDINGS OF FACT

1. First Independent Trust Company is a corporation organized under the laws of the State of California and engages in the trust business.

2. It...

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