EAST GADSDEN BANK v. UNITED STATES FIDELITY & GUAR. CO.

No. 27218. Summary Calendar.

415 F.2d 357 (1969)

EAST GADSDEN BANK, a Corporation, Plaintiff-Appellant, v. UNITED STATES FIDELITY AND GUARANTY COMPANY, a Corporation, Defendant-Appellee.

United States Court of Appeals Fifth Circuit.

August 19, 1969.


Attorney(s) appearing for the Case

George C. Hawkins, Gadsden, Ala., T. J. Carnes, Albertville, Ala., for plaintiff-appellant.

Ralph B. Tate, Ollie L. Blan Jr., Birmingham, Ala., for defendant-appellee.

Before JOHN R. BROWN, Chief Judge, and THORNBERRY and MORGAN, Circuit Judges.


JOHN R. BROWN, Chief Judge:

The Bank, East Gadsden Bank, brought suit against the Insurer, United States Fidelity & Guaranty Co., on a "banker's blanket bond," claiming that Bank had suffered a loss within the coverage of Insurer's bond.1 Insurer, on the other hand, contended that the loss sustained was not within the coverage of the provision relied upon and, further, that, in any event, the loss was specifically excluded by the loan...

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