Court of Appeals for the First Circuit August 23, 1993, 92-2429 (Mary E. Lawson and Matt Lawson v. Federal Deposit Insurance Corporation)

BOUDIN, Circuit Judge.

The facts of this case are straightforward. In January 1991, plaintiffs Mary and Matt Lawson purchased five one-year certificates of deposit (“CDs”) from the Maine Savings Bank, representing a deposit payment in each case of approximately $92,000. Each CD had an interest rate of 7.9 percent per year, giving the CDs a maturity value of $100,000 each.