United Western Bank Can't Overturn OTS' Seizure

Law360, New York (March 7, 2013, 2:58 PM EST) -- United Western Bancorp Inc. lost its bid Tuesday to overturn the Office of Thrift Supervision’s 2011 seizure of purportedly insolvent United Western Bank, after a Washington federal judge ruled the decision was based on reasonable evidence of the bank’s murky financial condition.

According to U.S. District Judge Amy Berman Jackson, the OTS’ decision to put the bank into Federal Deposit Insurance Corp. receivership was within its authority under the Financial Institutions Reform, Recovery, and Enforcement Act and backed by evidence of a steady decline in the...
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Case Information

Case Title

UNITED WESTERN BANK v. OFFICE OF THE COMPTROLLER OF THE CURRENCY, et al


Case Number

1:11-cv-00408

Court

District Of Columbia

Nature of Suit

Other Statutory Actions

Judge

Amy Berman Jackson

Date Filed

February 17, 2011

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