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KRONHOLM v. FEDERAL DEPOSIT INS. CORP.

No. 90-5136.

915 F.2d 1171 (1990)

In the Matter of Craig KRONHOLM, individually, and as an executive officer, director and principal shareholder of Boundary Waters State Bank, Ely, Minnesota, John Wavrin, Charles Roeser, Patrick Roche, Petitioner, and Marcia Kronholm, individually and as directors of Boundary Waters State Bank, Ely, Minnesota, v. FEDERAL DEPOSIT INSURANCE CORPORATION, Respondent.

United States Court of Appeals, Eighth Circuit.

Decided October 2, 1990.

Attorney(s) appearing for the Case

Richard T. Ostlund, Minneapolis, Minn., for petitioner.

Charles Cope, Washington, D.C., for respondent.

Before JOHN R. GIBSON, MAGILL, and BEAM, Circuit Judges.

BEAM, Circuit Judge.

Patrick J. Roche, a former director of the Boundary Waters State Bank in Ely, Minnesota, appeals from an order of the Federal Deposit Insurance Corporation assessing a civil money penalty against him pursuant to 12 U.S.C.A. § 1828(j)(4) (West 1989). After the FDIC served Roche with a notice that he would be assessed a money penalty, Roche attempted to request an administrative hearing, but failed to do so within the time limit provided by...

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