Federal Deposit Insurance Corporation, as Receiver of the Western National Bank of Lovell, Wyoming v. British-American Insurance Company, Ltd.

NELSON, Circuit Judge:

The Federal Deposit Insurance Corporation (“FDIC”) appeals the district court’s dismissal of its action against the British-American Insurance Company (“BAIC”) for lack of personal jurisdiction. FDIC initiated this action as the receiver of Western National Bank to recover $2 million of the bank’s funds that were allegedly fraudulently transferred to BAIC for the purchase of its Fiji branch. We note jurisdiction under 28 U.S.C. § 1291 (1982) and affirm.

FACTUAL AND PROCEDURAL BACKGROUND

The parties agree that the facts are essentially undisputed. Milton Polland, a resident…