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FEDERAL DEPOSIT INS. CORP. v. STATE BANK OF VIRDEN

No. 89-1334.

893 F.2d 139 (1990)

FEDERAL DEPOSIT INSURANCE CORPORATION, Plaintiff-Appellee, v. STATE BANK OF VIRDEN, Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided January 11, 1990.

Order on Denial of Rehearing March 5, 1990.

Attorney(s) appearing for the Case

Hoyle L. Robinson, E. Whitney Drake (argued), Federal Deposit Ins. Corp., Washington, D.C., Cheryl Ragel Stickel, Mohan, Aleweit & Prillaman, Springfield, Ill., for plaintiff-appellee.

Donald R. Tracy (argued), Tracy & Tracy, Springfield, Ill., for defendant-appellant.

Before EASTERBROOK and RIPPLE, Circuit Judges, and ESCHBACH, Senior Circuit Judge.

EASTERBROOK, Circuit Judge.

Banks may not lend to any customer more than a small portion of their net equity. Lending limits reduce the risk a given loan poses to solvency. Small banks often have limits that prevent their making loans adequate to the needs of their principal customers. One solution is the "loan participation": a bank makes an over-limit loan, then syndicates the debt, selling parts so that no bank's share exceeds the amount it may loan to one customer...

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