Harold A. Hoffman v. Federal Deposit Insurance Corporation

912 F.2d 1172 Harold A. HOFFMAN, individually and as president, director and participant in the conduct of the affairs of Alaska Continental Bank, Anchorage, Alaska, Petitioner, v. FEDERAL DEPOSIT INSURANCE CORPORATION, Respondent. No. 89-70466. United States Court of Appeals, Ninth Circuit. Argued Aug. 8, 1990. Submitted Aug. 10, 1990. Decided Aug. 31, 1990. As Amended Oct. 25, 1990. Keenan Powell, Weidner & Associates, Anchorage, Alaska, for petitioner. Robert S. Cessar, Federal Deposit Ins. Corp., Washington, D.C., for respondent. Petition to Review a Decision of the Federal Deposit Insurance Corporation. Before RONEY * , FARRIS, and FERNANDEZ, Circuit Judges. FERNANDEZ, Circuit Judge: 1 The Federal Deposit Insurance Corporation (FDIC) issued a cease and desist order on September 12, 1989, in which, among other things, it directed Harold A. Hoffman (Hoffman) to repay $61,796.48 that he had received from Alaska Continental Bank (ACB). Hoffman has petitioned for a review of that decision. We affirm the action of the FDIC and deny the petition. BACKGROUND FACTS 2 ACB commenced doing business in 1982 and by 1986 it began to encounter financial difficulties. Its troubles…