Federal Deposit Insurance v. Kooyomjian
Court of Appeals for the First Circuit
1Opinion of the Court
SCHWARZER, Senior District Judge.
Defendants Edward Kooyomjian and John DiCicco appeal a summary judgment in favor of the Federal Deposit Insurance Corporation (FDIC), the receiver of East-land Savings Bank (Eastland). The district court had jurisdiction under 12 U.S.C. §' 1819(b)(2)(B) and we have jurisdiction under 28 U.S.C. § 1291.
FACTUAL BACKGROUND
In 1987, Kooyomjian took out a construction loan of some $3 million from Eastland to develop a condominium complex (the Project) in Worcester, Massachusetts. Kooyomjian signed a promissory note (the Note), which DiCicco personally guaranteed (the…
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