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Fed. Deposit Ins. v. Fleet Credit

District Court of Appeal of Florida, Third District
Mar 9, 1993
616 So. 2d 488 (Fla. Dist. Ct. App. 1993)

Opinion

No. 91-1202.

March 9, 1993.

Appeal from the Circuit Court, Dade County, Bernard Shapiro, J.

Adorno Zeder and Brian K. Goodkind and Amber E. Donner, Coconut Grove, and Gregory Gore, Sebastian, for appellant.

Gary Barcus, Miami, for appellee.

Before BASKIN, FERGUSON and COPE, JJ.


We reverse the summary judgment entered in favor of a garnishor on a claim that its judgment lien was superior to the garnishee-bank's security interest in a certificate of deposit pledged by its customer as security for a loan. Without reaching the merits, we conclude that the circuit court was without subject matter jurisdiction over the case after the bank was declared insolvent and the Federal Deposit Insurance Corporation appointed as receiver. See FDIC v. Shain, Schaffer Rafanello, 944 F.2d 129, 132 (3d Cir. 1991) (federal statutory framework provides exclusive remedy for claims against the assets of a failed bank).

We held accordingly, in Department of Ins. v. FDIC, 610 So.2d 695, 696 (Fla. 3d DCA 1992), that claims against a failed bank, after the FDIC has been appointed receiver, "must be commenced or continued in the United States District Court for the district within which the depository institution's principal place of business is located or in the United States District Court for the District of Columbia. 12 U.S.C. § 1821(d)(6)(A) (1989 Supp. 1992)."

Reversed and remanded for further consistent proceedings.


Summaries of

Fed. Deposit Ins. v. Fleet Credit

District Court of Appeal of Florida, Third District
Mar 9, 1993
616 So. 2d 488 (Fla. Dist. Ct. App. 1993)
Case details for

Fed. Deposit Ins. v. Fleet Credit

Case Details

Full title:FEDERAL DEPOSIT INSURANCE CORPORATION AS RECEIVER FOR FIRST COMMERCIAL…

Court:District Court of Appeal of Florida, Third District

Date published: Mar 9, 1993

Citations

616 So. 2d 488 (Fla. Dist. Ct. App. 1993)

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