STANDARD INS. CO. v. OLIN, 303 Or. 136 (1987)

734 P.2d 352

In the Matter of the Exchange of Series A Junior Preferred Stock of BANORE BANCSHARES, INC., for the Preferred Stock and Subordinated Capital Notes of BANK OF OREGON in Connection With a Plan of Reorganization. STANDARD INSURANCE COMPANY, Petitioner on Review, v. OLIN et al, Respondents on Review. In the Matter of the Exchange of Series A Junior Preferred Stock of BANORE BANCSHARES, INC., for the Preferred Stock and Subordinated Capital Notes of BANK OF OREGON in Connection With a Plan of Reorganization. STANDARD INSURANCE COMPANY, Petitioner on Review, v. EDWARDS et al, Respondents on Review. In the Matter of the Request for Approval of the Agreement and Plan of Reorganization of the BANK OF OREGON. SINGH et al, Petitioners on Review, v. OLIN et al, Respondents on Review.

Page 137

In the Matter of the Exchange of Series A Junior Preferred Stock of BANORE BANCSHARES, INC., for the Preferred Stock and Subordinated Capital Notes of BANK OF OREGON in Connection with a Plan of Reorganization. SINGH et al, Petitioners on Review, v. EDWARDS et al, Respondents on Review.

CA A36644; SC S33376, S33366, CA A36645; SC S33376, S33366, CA A36734; SC S33376, S33366Oregon Supreme Court.Petition for review allowed, decision of Court of Appeals reversed and
remanded for further consideration March 24, 1987

In Banc

On review from the Court of Appeals.[*]

[*] Appeal from Judicial Review from Superintendent of Banks and from Corporation Commissioner. 81 Or. App. 405, 725 P.2d 934
(1986).

Ajmer and Verna M. Singh, Independence, filed a petition for review, pro se.

Don G. Carter of McEwen, Gisvold, Rankin Stewart,

Page 137-a

Portland, filed a petition on behalf of petitioner on review Standard Insurance Company.

John R. Faust, Jr. of Schwabe, Williamson, Wyatt, Moore
Roberts, Portland, filed a response on behalf of respondents on review BanOre Bancshares, Inc. and Bank of Oregon.

MEMORANDUM OPINION

Petition for Review allowed.

The decision of the Court of Appeals is reversed and the case is remanded to the Court of Appeals for further consideration.

Page 137-b

[EDITORS’ NOTE: THIS PAGE IS BLANK.]

Page 138

MEMORANDUM OPINION

The Court of Appeals, 81 Or. App. 405, 725 P.2d 934, dismissed petitioners’ petitions for judicial review of an order of the Deputy Superintendent of Banks on the ground that the order sought to be reviewed was not a final order. Our review of the record persuades us that two documents issued on May 31, 1985, a Certificate Evidencing Completion of Plan of Reorganization and a contemporaneous letter, together constituted a final order of the Banking Division with respect to certain issues raised by petitioners concerning that order. We therefore allow the petitions and remand the case to the Court of Appeals for review of those issues.

Page 139

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