WELLS FARGO BANK, N.A. v. F.D.I.C.

No. 01-5280.

310 F.3d 202 (2002)

WELLS FARGO BANK, N.A., Appellant, v. FEDERAL DEPOSIT INSURANCE CORPORATION, Appellee.

United States Court of Appeals, District of Columbia Circuit.

Decided November 15, 2002.


Attorney(s) appearing for the Case

Mary Ellen Hennessy, pro hac vice, argued the cause for appellant. With her on the briefs was Gloria B. Solomon.

Lawrence H. Richmond, Counsel, FDIC, argued the cause for appellee. With him on the brief was Colleen J. Boles, Senior Counsel. Ann S. DuRoss, Assistant General Counsel, entered an appearance.

Before: EDWARDS, RANDOLPH and TATEL, Circuit Judges.


Opinion for the Court filed by Circuit Judge TATEL.

TATEL, Circuit Judge:

In this case, we must decide whether Federal Deposit Insurance Act requirements applicable to banks that acquire savings associations continue to apply when such banks are in turn acquired by other banks. The Federal Deposit Insurance Corporation, which is charged with enforcement of the statute, concluded that these "second generation" transactions are subject to the Act's restrictions...

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