GUARANTY SAV. & LOAN v. ULTIMATE SAV. BANK

Civ. A. No. 88-0064-C.

737 F.Supp. 366 (1990)

GUARANTY SAVINGS AND LOAN ASSOCIATION, Plaintiff, v. ULTIMATE SAVINGS BANK, F.S.B., acting by its receiver Federal Deposit Insurance Corp., as manager for FSLIC Resolution Fund, Defendant.

United States District Court, W.D. Virginia, Charlottesville Division.

May 18, 1990.


Attorney(s) appearing for the Case

Bruce C. Phillips, Lloyd T. Smith, Jr., Smith, Taggart, Gibson & Albfo, Charlottesville, Va., for Guaranty Sav. and Loan Ass'n.

Nancy L. Lowndes, Eliot Norman, Thompson & McMullan, Richmond, Va., for FSLIC.


MEMORANDUM OPINION

MICHAEL, District Judge.

Plaintiff in this case seeks to recover funds which it alleges are owing to it under a loan participation agreement entered into by the parties. This action was originally filed in the Circuit Court for the City of Charlottesville and was removed to this court by the defendant pursuant to 12 U.S.C. § 1730(k)(1)(C). This court has jurisdiction under 12 U.S.C. § 1730(k)(1)(B) and 28 U.S.C. § 1331....

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