America West Bank Members v. State of Utah

CourtCourt of Appeals for the Tenth Circuit
DecidedAugust 14, 2024
Docket23-4091
StatusUnpublished

This text of America West Bank Members v. State of Utah (America West Bank Members v. State of Utah) is published on Counsel Stack Legal Research, covering Court of Appeals for the Tenth Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
America West Bank Members v. State of Utah, (10th Cir. 2024).

Opinion

Appellate Case: 23-4091 Document: 010111094414 Date Filed: 08/14/2024 Page: 1 FILED United States Court of Appeals Tenth Circuit UNITED STATES COURT OF APPEALS August 14, 2024 FOR THE TENTH CIRCUIT _________________________________ Christopher M. Wolpert Clerk of Court AMERICA WEST BANK MEMBERS,

Plaintiff - Appellant,

v. No. 23-4091 (D.C. No. 2:16-CV-00326-CW) THE STATE OF UTAH; G. (D. Utah) EDWARD LEARY; UTAH DEPARTMENT OF FINANCIAL INSTITUTIONS,

Defendants - Appellees.

------------------------------

FEDERAL DEPOSIT INSURANCE CORPORATION, as Receiver for America West Bank,

Intervenor - Appellee. _________________________________

ORDER AND JUDGMENT * _________________________________

Before HARTZ, BACHARACH, and ROSSMAN, Circuit Judges. _________________________________

* This order and judgment is not binding precedent, except under the

doctrines of law of the case, res judicata, and collateral estoppel. It may be cited, however, for its persuasive value consistent with Fed. R. App. P. 32.1 and 10th Cir. R. 32.1. Appellate Case: 23-4091 Document: 010111094414 Date Filed: 08/14/2024 Page: 2

The Utah Department of Financial Institutions seized America West

Bank after concluding the Bank was in financial trouble. The Department then

appointed the Federal Deposit Insurance Corporation (FDIC) as the Bank’s

receiver. Plaintiff-Appellant America West Bank Members (AWBM)—the

Bank’s sole owner—sued the Department, its commissioner G. Edward Leary,

and the State of Utah, contending their actions violated AWBM’s state and

federal constitutional rights. 1 The district court granted summary judgment

for Appellees. AWBM now appeals, but most of its challenges are waived.

Exercising jurisdiction under 28 U.S.C. § 1291, we affirm.

I2

AWBM’s claims implicate the process by which a bank is seized in

Utah, so we begin by discussing in some detail the state-law framework for

1 AWBM did not name the FDIC as a defendant. The FDIC intervened

in the district court and in this appeal. Only the FDIC filed a response brief in this court, but pursuant to Federal Rule of Appellate Procedure 28(i), Utah, the Department, and Commissioner Leary joined the FDIC’s brief urging affirmance. We refer to Utah, the Department, Commissioner Leary, and the FDIC as “Appellees.” 2 We take the facts recited here from those the district court found

uncontroverted in its summary judgment orders and the record before the district court at the time of its rulings. AWBM’s appellate appendix omits several relevant documents. Because these documents “are accessible from the district court docket,” we may “take judicial notice of” them. Bunn v. Perdue, 966 F.3d 1094, 1096 n.4 (10th Cir. 2020). We do so where necessary, citing to the district court docket number and using the internal pagination of the

2 Appellate Case: 23-4091 Document: 010111094414 Date Filed: 08/14/2024 Page: 3

taking possession of a financial institution and appointing a receiver. We

then describe the underlying factual and procedural background and turn

to AWBM’s appellate challenges.

A

The Bank is chartered in Utah, where the Utah Department of

Financial Institutions and its commissioner oversee the Bank’s activities.

The Department “regularly conduct[s] examinations of banks [in Utah] to

determine their safety and soundness.” ECF 64 at 2. Utah law provides

statutory criteria to gauge the health of a financial institution and allows

the commissioner to take “supervisory actions” under certain

circumstances. Utah Code Ann. § 7-2-1(1). 3

One such supervisory action, relevant here, is taking “possession of

[the] institution.” Utah Code Ann. § 7-2-1(3)(b). To take that step, the

commissioner must—either before or within a certain time after taking

document. See In re Syngenta AG MIR 162 Corn Litig. (Hossley-Embry Group II), --- F.4th ----, 2024 WL 3684788, at *2 n.2 (10th Cir. 2024) (taking judicial notice of “filings on this district court’s docket and on our own docket” where “necessary to inform our discussion”).

3 Utah Code Ann. § 7-2-1(1) lists twelve criteria. For example, if the

commissioner finds “the institution is not in a safe and sound condition to transact its business,” Utah Code Ann. § 7-2-1(1)(a), or has “failed to maintain a minimum amount of capital,” Utah Code Ann. § 7-2-1(a)(f), he may act. 3 Appellate Case: 23-4091 Document: 010111094414 Date Filed: 08/14/2024 Page: 4

possession—file an action in state court, which then gives “the court

supervisory jurisdiction to review the actions of the commissioner.” Utah

Code Ann. § 7-2-2(1). The state court may “overrule” the commissioner’s

actions if the court finds they were “arbitrary, capricious, fraudulent, or

contrary to law.” Utah Code Ann. § 7-2-2(3)(b). As we will explain,

Commissioner Leary determined the Bank met criteria in Utah Code Ann.

§ 7-2-1(1) and filed a verified petition seeking an “Order Approving

Possession” of the Bank, which the Utah court granted. R.II at 351–54.

Utah law permits challenges to a possession order. “[W]ithin 10 days

after the taking,” Utah Code Ann. § 7-2-3(1)(a) allows any “institution or

other person . . . aggrieved by the taking” to “apply to the court to enjoin

further proceedings.” The court is then required to “hear[] the allegations

and proofs of the parties” and may “enjoin the commissioner from further

proceedings” if the commissioner’s taking was “arbitrary, capricious, an

abuse of discretion, or otherwise contrary to law.” Utah Code Ann. § 7-2-

3(1)(b). At the conclusion of this process, the court can “order the

commissioner to surrender possession of the institution.” Utah Code Ann.

§ 7-2-3(1)(c).

After taking possession, the commissioner may appoint a “receiver or

liquidator” to “exercise any or all the rights, powers, and authorities

4 Appellate Case: 23-4091 Document: 010111094414 Date Filed: 08/14/2024 Page: 5

granted to the commissioner” under Utah law. Utah Code Ann. § 7-2-1(4).

Here, the FDIC was appointed as the Bank’s receiver. The FDIC is a federal

agency “created by Congress to promote stability and restore and maintain

confidence in the nation’s banking system.” Fed. Deposit Ins. Corp. v. Bank

of Boulder,

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America West Bank Members v. State of Utah, Counsel Stack Legal Research, https://law.counselstack.com/opinion/america-west-bank-members-v-state-of-utah-ca10-2024.