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CENTRAL NAT. BANK v. U.S. DEPT. OF TREASURY

No. 89-3219.

912 F.2d 897 (1990)

CENTRAL NATIONAL BANK OF MATTOON, Petitioner, v. UNITED STATES DEPARTMENT OF TREASURY, Respondent.

United States Court of Appeals, Seventh Circuit.

Decided August 29, 1990.

Rehearing and Rehearing Denied October 16, 1990.

Attorney(s) appearing for the Case

Robert B. Hoemeke, Joseph J. Trad, Eric D. Paulsrud, Lewis, Rice & Fingersh, St. Louis, Mo., for petitioner.

Jon D. Hartman, Carol M. Connelly, Comptroller of the Currency, Enforcement & Compliance Div., Washington, D.C., for respondent.

Before POSNER, FLAUM, and KANNE, Circuit Judges.

Rehearing and Rehearing En Banc Denied October 16, 1990.

POSNER, Circuit Judge.

Central National Bank is one of two national banks in Mattoon, a town of 20,000 in downstate Illinois. After an investigation of the bank's trust department, the Comptroller of the Currency, who regulates national banks, issued in 1987 a notice of intent to revoke the bank's permission to provide trust services to its customers. The notice was issued pursuant to 12 U.S.C. §...

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