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CHARTER FED. S & L v. OFFICE OF THRIFT SUPERVISION

No. 89-8725.

912 F.2d 1569 (1990)

CHARTER FEDERAL SAVINGS AND LOAN ASSOCIATION, WEST POINT, GEORGIA, Petitioner, v. OFFICE OF THRIFT SUPERVISION, Director John W. Johnson, Jr., John W. Johnson, III, Martha B. Jones, Joe H. Wooley, Bobby L. Williams, William C. Gladden, William B. Hudson, Terrell E. Bishop, Floyd H. Mann, Jane W. Darden, Richard T. Taunton, Curti M. Johnson and Robert Lee Johnson, Respondents.

United States Court of Appeals, Eleventh Circuit.

October 2, 1990.

Attorney(s) appearing for the Case

Lester M. Bridgeman, Miller, Hamilton, Snider & Odom, Mobile, Ala., for petitioner.

Aaron B. Kahn, Office of the Chief Counsel, Office of Thrift Supervision, Washington, D.C., for respondents.

Before EDMONDSON and BIRCH, Circuit Judges, and RE, Chief Judge.

BIRCH, Circuit Judge:

On December 28, 1988, Charter Federal Savings and Loan Association filed with the Federal Home Loan Bank Board an application for permission to convert from the mutual form of organization to the stock form, pursuant to the Federal Home Loan Bank Board's voluntary conversion regulations. The Federal Home Loan Bank Board denied this application based on its findings that: 1) upon liquidation Charter Federal Savings and Loan Association would have...

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