WISCONSIN LEAGUE OF FINANCIAL INST. v. SHERRY

No. 90-C-709-S.

761 F.Supp. 636 (1991)

WISCONSIN LEAGUE OF FINANCIAL INSTITUTIONS, LTD., a Wisconsin corporation; First Financial Bank, FSB, a federally chartered savings bank, and North Shore Bank, FSB, a federally chartered savings bank, Plaintiffs, v. Toby E. SHERRY, Commissioner of Banking, State of Wisconsin; and James E. Doyle, Attorney General, State of Wisconsin, in their official capacities, Defendants.

United States District Court, W.D. Wisconsin.

April 18, 1991.


Attorney(s) appearing for the Case

W. Charles Jackson, Michael, Best & Friedrich, Milwaukee, Wis., for plaintiffs.

Peter Cannon, Asst. Atty. Gen., Leon Swerin, Milwaukee, Wis., for Commissioner of Banking.


MEMORANDUM AND ORDER

SHABAZ, District Judge.

Plaintiff Wisconsin League of Financial Institutions, Ltd. and two of its member organizations, First Financial Bank, FSB and North Shore Bank, FSB, commenced this action for declaratory relief against the defendants Commissioner of Banking and Attorney General for the State of Wisconsin. Plaintiffs seek a determination that Federal Regulations preempt a Wisconsin State Statute requiring the payment of interest...

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