FIRST FEDERAL SAVINGS BANK AND TRUST, a federal savings bank; First Federal BanCorp, Inc., a Delaware corporation; Lakeland Service Corporation, a Michigan corporation; and Citizens Federal Savings Bank, a federal savings bank, Plaintiffs-Appellants,
v.
T. Timothy RYAN, Director, Office of Thrift Supervision, in his own official capacity and as successor in interest to the Federal Home Loan Bank Board; Federal Home Loan Bank of Indianapolis; Federal Deposit Insurance Corporation, in its own capacity and as successor in interest to the Federal Savings and Loan Insurance Corporation, Defendants-Appellees.
United States Court of Appeals, Sixth Circuit.https://leagle.com/images/logo.png
Argued November 16, 1990.
Decided March 12, 1991.
Attorney(s) appearing for the Case
Ernest R. Bazzana, Deanna E. Hazen, Maura D. Corrigan (argued), Dennis M. Day, Plunkett, Cooney, Rutt, Watters, Stanczyk & Pedersen, Detroit, Mich., for plaintiffs-appellants.
Aaron B. Kahn (argued), James A. Hendriksen, Charlotte Caplow, Office of the Dept. of Treasury, Thrift Supervision, Washington, D.C., for defendant-appellee T. Timothy Ryan.
Richard C. Sanders, Hill, Lewis, Adams, Goodrich & Tait, Detroit, Mich., Jonathan West, Federal Home Loan Bank of Indianapolis, Indianapolis, Ind., for defendant-appellee Federal Home Loan Bank of Indianapolis.
Michael Sitcov, Dept. of Justice, Civ. Div., Washington, D.C., Scott R. McIntosh, U.S. Dept. of Justice, Appellate Div., Jacob M. Lewis, U.S. Dept. of Justice, Douglas Letter, Dept. of Justice, Appellate Staff, Civ. Div., Washington, D.C., for defendant-appellant FDIC.
Before KEITH and BOGGS, Circuit Judges, and CONTIE, Senior Circuit Judge.
United States Court of Appeals, Sixth Circuit.
BOGGS, Circuit Judge.
First Federal Savings bank1 feels that it responded to its country's call (albeit also with the hope of making a profit) by purchasing and merging with an insolvent Florida savings and loan. It did so with, at least in its own mind, certain understandings about the rules regarding the regulations governing the accounting treatment of the new entity. Since no good deed goes...
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