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FEDERAL DEPOSIT INS. CORP. v. GORDINIER

Nos. 3-89 CIV 24, 3-89 CIV 712.

783 F.Supp. 1181 (1992)

FEDERAL DEPOSIT INSURANCE CORPORATION, as Receiver for First National Bank in West Concord, Plaintiff, v. Garry R. GORDINIER; John Kwok-Chung Ma; Terry L. Myhre; Estate of Richard C. Newlin; and Kolleen K. Samek, as Personal Representative of the Estate of Richard C. Newlin; William Newlin; Joel F. Punke; and William E. Smock, Defendants. FEDERAL DEPOSIT INSURANCE CORPORATION, as Receiver for First National Bank in West Concord, Plaintiff, v. ST. PAUL FIRE AND MARINE INSURANCE COMPANY, Defendant.

United States District Court, D. Minnesota, Third Division.

January 10, 1992.

Attorney(s) appearing for the Case

Dorsey & Whitney by Michael A. Lindsay, Minneapolis, Minn., for plaintiff.

Faegre & Benson by Norman R. Carpenter, and Mary Cullen Yeager, Minneapolis, Minn., for defendant St. Paul Fire and Marine Ins. Co.

FINDINGS OF FACT, CONCLUSIONS OF LAW, & ORDER FOR JUDGMENT

ALSOP, Chief Judge.

The above entitled actions came on for trial before the court on October 7-9, 1991. Based upon the evidence adduced at trial and upon all the files, records and proceedings herein, the court makes these findings of fact and conclusions of law.

I. FINDINGS OF FACT

A. The Bank and Its Directors and Officers

1. The First National Bank in West...

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