Court of Appeals for the First Circuit August 4, 1992, 91-7436 (The First National Bank of Alexander City v. Avondale Mills Bevelle Employees Federal Credit Union, in Liquidation)

FLOYD R. GIBSON, Senior Circuit Judge:

The National Credit Union Administration Board, as successor in interest to the Avondale Mills Beyelle Employees Federal Credit Union (“the credit union”), appeals the district court’s grant of summary judgment to the First National Bank of Alexander City (“First National”). We reverse and remand.

I.