Court of Appeals for the Tenth Circuit March 29, 1994, No. 92-4195 (Federal Deposit Insurance v. United Pacific Insurance)

BALDOCK, Circuit Judge.

The Federal Deposit Insurance Corporation (“FDIC”), as receiver for Heritage Bank and Trust (“Heritage”), filed this action against Defendant United Pacific Insurance Company seeking recovery under two fidelity bonds covering dishonest acts by employees.1 The aggregate liability under the bonds totaled $1,450,000.