MADONNA CORP. v. FDIC

No. 89-02352.

563 So.2d 763 (1990)

MADONNA CORP. and Delverde, Inc., Doing Business As Tierra Verde Company, a Joint Venture, Appellants, v. FEDERAL DEPOSIT INSURANCE CORPORATION, in Its Corporate Capacity, Appellee.

District Court of Appeal of Florida, Second District.

June 15, 1990.


Attorney(s) appearing for the Case

Joseph Mancilla, Jr. of Mancilla & Betz, P.A., Coral Gables, for appellants.

William C. Ballard and Anthony J. Russo of Fisher & Sauls, P.A., St. Petersburg, and Mark I. Rosen, Deputy Gen. Counsel, Ann S. DuRoss, Asst. Gen. Counsel, and Jaclyn C. Taner, Sr. Atty., Federal Deposit Insurance Corp., Washington, D.C., for appellee.


FRANK, Acting Chief Judge.

The questions of law we respond to in this matter arise from the demise of the Park Bank (the Bank) in Pinellas County and the assumption of its assets by the appellee, Federal Deposit Insurance Corporation (FDIC). The trial court granted the FDIC's motion for a summary judgment and we affirm.

The setting leading to our conclusions may be summarized as follows:

On or about August 11, 1978, the appellant, Tierra Verde, entered...

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