FIRST INDIANA FEDERAL SAV. BANK v. F.D.I.C.

No. 91-2746.

964 F.2d 503 (1992)

FIRST INDIANA FEDERAL SAVINGS BANK, Plaintiff-Appellant, v. FEDERAL DEPOSIT INSURANCE CORPORATION, as receiver for United Savings Association of Texas, and United Savings Association of Texas, FSB, Defendants-Appellees.

United States Court of Appeals, Fifth Circuit.

July 1, 1992.


Attorney(s) appearing for the Case

Hayden Burns, Houston, Tex., for plaintiff-appellant.

S. Alyssa Roberts, James Scott Watson, F.D.I.C., Washington, D.C., T. Michael Wall, Brenda A. Karabatsos, Hutcheson & Grundy, Houston, Tex., for F.D.I.C., as receiver for United Sav. Assoc. of Texas.

Michael D. Jones, Akin, Gump, Strauss, Haver & Feld, Houston, Tex., for United Sav. Ass'n of Texas, FSB.

Before KING and WIENER, Circuit Judges, and LAKE, District Judge:


WIENER, Circuit Judge:

Plaintiff-Appellant First Indiana Federal Savings Bank (First Indiana) appeals an adverse judgment rendered in its suit on a loan participation contract (the participation agreement) that its predecessor had entered into with the predecessor of United Savings Association of Texas (Old United).1 The district court judgment favored the Defendants-Appellees: the FDIC, as receiver for Old United, and United Savings Association...

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