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FIRST AMERICAN NATIONAL BANK v. AUTOMOBILE INS. CO.

No. 13214.

252 F.2d 62 (1958)

FIRST AMERICAN NATIONAL BANK OF NASHVILLE, Appellant, v. AUTOMOBILE INSURANCE COMPANY et al., Appellee.

United States Court of Appeals Sixth Circuit.

February 6, 1958.

Attorney(s) appearing for the Case

Cecil Sims, Nashville, Tenn., for appellant.

Malcolm Y. Marshall, Louisville, Ky. (Ogden, Galphin & Abell, Louisville, Ky., on the brief), for appellees.

Before SIMONS, Chief Judge, McALLISTER, Circuit Judge, and BOYD, District Judge.

BOYD, District Judge.

Sometime prior to July 30, 1954, as an integral part of its mortgage and loan business, the First American National Bank of Nashville, Tennessee, appellant, with two Kentucky banks participating, loaned the New Farmers Burley Warehouse, Inc., of Scottsville, Kentucky, $65,000.00, for construction of a warehouse in Scottsville, and received a mortgage on the completed warehouse to secure the loan. The eleven appellee insurance companies insured...

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