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BEACH COMMUNITY BANK v. ST. PAUL MERCURY INS. CO.

No. 10-11049.

635 F.3d 1190 (2011)

BEACH COMMUNITY BANK, Plaintiff-Appellant, v. ST. PAUL MERCURY INSURANCE COMPANY, Defendant-Appellee.

United States Court of Appeals, Eleventh Circuit.

March 16, 2011.

Attorney(s) appearing for the Case

Kenneth Bradley Bell , William Emile Bond, Jr. , Jason W. Peterson , Robert Powell , Clark, Partington, Hart, Larry, Bond & Stackhouse, Pensacola, FL, for Plaintiff-Appellant.

Matthew J. Conigliaro , Carlton Fields, PA, St. Petersburg, FL, Daniel Hernandez , Patrica H. Thompson , Carlton Fields, PA, Miami, FL, for Defendant-Appellee.

Before WILSON, PRYOR and ANDERSON, Circuit Judges.

PRYOR, Circuit Judge:

This appeal concerns whether the provision of a financial institution bond that insures a bank against losses from forgery applies to a loss suffered by a bank upon the default of a loan that had been secured by a forged guaranty. The bank obtained the guaranty to secure property held in a tenancy by the entirety. Beach Community Bank appeals the summary judgment in favor of St. Paul Mercury Insurance Company against a complaint that alleged...

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