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VALLEY NAT. BANK v. ABDNOR

No. 89-1078.

918 F.2d 128 (1990)

VALLEY NATIONAL BANK, a Banking Corporation, Plaintiff-Appellant, v. James ABDNOR, in his capacity as Administrator of the Small Business Administration, an agency of the United States Government, Defendant-Appellee.

United States Court of Appeals, Tenth Circuit.

November 6, 1990.

Attorney(s) appearing for the Case

Steven R. Rider, Rider & Woulf, Aurora, Colo. (Charles S. Unfug, Greeley, Colo., on the brief), for plaintiff-appellant.

Gary Fox, Sp. Asst. U.S. Atty., Washington, D.C., (Amy Golen, Sp. Asst. U.S. Atty., Washington, D.C.; Michael J. Norton, U.S. Atty., and J. Greg Whitehair, Asst. U.S. Atty., on the brief), for defendant-appellee.

Before BRORBY and ANDERSON, Circuit Judges, and THEIS, District Judge.

THEIS, District Judge.

Plaintiff Valley National Bank ("the Bank" or "VNB") appeals from a judgment rendered after a bench trial. The dispute involves the refusal of defendant Small Business Administration ("SBA") to purchase its guaranteed portion of a defaulted loan. Our jurisdiction is conferred by 28 U.S.C. § 1291. We affirm.

I.

The agreement between the parties was made pursuant to the SBA's authority under 15 U.S.C. § 636 to participate...

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