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

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 of Los Angeles, California, was a representative of Anant Kumar Tripati and his corporation, the Fort Lincoln Companies. Sometime prior to May 1983, Polland called David Thurlow, General Manager of BAIC’s home office in Nassau, Bahama Islands, to solicit the purchase of BAIC’s Fiji Branch. Polland and Thurlow communicated via telephone and letter between Nassau and Los Angeles, and Polland even tually flew to Malaysia and met with Thur-low to negotiate the terms of the contract.

After BAIC and Polland reached an agreement, BAIC executed the contract in Nassau, and sent it by mail to Polland in Los Angeles for…