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AETNA CASUALTY & SURETY CO. v. GUARANTY BANK & TRUST CO.

No. 6797.

370 F.2d 276 (1966)

The AETNA CASUALTY AND SURETY COMPANY, Defendant, Appellant, v. GUARANTY BANK AND TRUST COMPANY, Plaintiff, Appellee.

United States Court of Appeals First Circuit.

Decided December 20, 1966.

Attorney(s) appearing for the Case

Richard Wait, Boston, Mass., and Elmer W. Beasley, Hartford, Conn., with whom Choate, Hall & Stewart, Boston, Mass., was on brief, for appellant.

Francis P. O'Connor, Worchester, Mass., with whom John P. Dunn, Worchester, Mass., was on brief, for appellee.

Before ALDRICH, Chief Judge, McENTEE and COFFIN, Circuit Judges.

OPINION OF THE COURT.

McENTEE, Circuit Judge.

The sole issue raised by this appeal is whether a loss suffered by plaintiff bank is within the coverage of a Bankers Blanket Bond1 which was in full force and effect between the bank and the defendant, Aetna, at the time the loss occurred. The trial court, sitting without a jury, found that the loss in question was within the coverage of the bond2 and...

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