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RAINE v. REED

No. 92-8619.

14 F.3d 280 (1994)

Eve RAINE, Plaintiff-Appellant, v. Anthony Ray REED, etc. et al., Defendants, National Bank, etc., Defendant-Appellee, FDIC, etc., Intervenor-Appellee.

United States Court of Appeals, Fifth Circuit.

February 17, 1994.

Attorney(s) appearing for the Case

Charles F. Holmans, Dallas, TX, for plaintiff-appellant.

Kathleen V. Gunning, Washington, DC, for FDIC.

Stuart Smith, Naman, Howell, Smith & Lee, Waco, TX, for National Bank.

Before GOLDBERG, JONES, and DUHÉ, Circuit Judges.

GOLDBERG, Circuit Judge:

Petitioner Eve Raine asks this court to set aside a decision of the Federal Deposit Insurance Corporation ("FDIC") denying her federal deposit insurance on a portion of funds deposited in the now insolvent Peoples Bank, Hewitt, Texas ("Peoples"). Because the FDIC's denial was not arbitrary or capricious, we uphold its decision and affirm the dismissal of this action by the district court.

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