Mealey's Banking & Finance - Federal Judge Dismisses Landlord's Suit Against Failed Frontier Bank

Mealey's Banking & Finance - Federal Judge Dismisses Landlord's Suit Against Failed Frontier Bank

OPELIKA, Ala. - A federal judge in Alabama on June 13 dismissed a landlord's complaint alleging that he did not receive rent payments from a tenant in a building mortgaged to the failed Frontier Bank but denied the Federal Deposit Insurance Corp.'s motion to pay interpleaded funds (Wayne Ray v. Federal Deposit Insurance Corp., et al., No. 13-0375, M.D. Ala.; 2014 U.S. Dist. LEXIS 81465).

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