RESOLUTION TRUST CORP. v. PLUMLEE

No. B-C-90-05.

745 F.Supp. 1462 (1990)

RESOLUTION TRUST CORPORATION, a Conservator for Independence Federal Bank, Plaintiff, v. Jack PLUMLEE, Defendant, v. Robert BAYS, Third Party Defendant.

United States District Court, E.D. Arkansas, N.D.

September 7, 1990.


Attorney(s) appearing for the Case

Robert L. Brown and T. Martin Davis, Little Rock, Ark., for plaintiff.

Gary Vinson, Batesville, Ark., for defendant.

Robert D. Smith, III, Little Rock, Ark., for third party defendant.


MEMORANDUM AND ORDER

SUSAN WEBBER WRIGHT, District Judge.

Independence Federal Bank (IFB) originally brought this action for recovery on certain promissory notes executed by Defendant Jack Plumlee. The Federal Home Loan Bank Board placed IFB into conservatorship on February 16, 1989 and appointed the Federal Savings and Loan Insurance Corporation (FSLIC) as conservator with the Federal Deposit Insurance Corporation (FDIC) acting as managing agent. The Resolution...

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