Kingman Lambert Cynthia A. Lambert Kristen Lambert Kimberly Lambert v. Federal Deposit Insurance Corporation

BOOCHEVER, Circuit Judge:

Kingman and Cynthia Lambert (Lambert) appeal the district court’s grant of summary judgment in favor of the Federal Deposit Insurance Corporation (FDIC) in an action reviewing the FDIC’s denial of Lambert’s insurance claims. Lambert seeks insurance payments in excess of $100,000, the statutory limit for deposits by an individual. We conclude that Lambert is entitled to insurance coverage for two accounts under 12 C.F.R. § 330.3 (1985), which provides for additional coverage when a trust account is payable to a spouse upon the death of the depositor.

FACTS

Kingman…