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SNYDER NATIONAL BANK v. WESTCHESTER FIRE INSURANCE CO.

No. 28080.

425 F.2d 849 (1970)

SNYDER NATIONAL BANK, Plaintiff-Appellee, v. WESTCHESTER FIRE INSURANCE COMPANY, Defendant-Appellant.

United States Court of Appeals, Fifth Circuit.

Rehearing Denied May 20, 1970.

Attorney(s) appearing for the Case

James A. Williams, Dallas, Tex., for defendant-appellant.

Marshall Simmons, Thomas W. Luce, III, Dallas, Tex., W. James Rosser, Rosser & Carroll, Snyder, Tex., for plaintiff-appellee.

Before RIVES, GEWIN and INGRAHAM, Circuit Judges.

PER CURIAM:

Snyder National Bank, plaintiff-appellee, instituted this action on a Banker's Blanket Bond issued by the defendant-appellant, Westchester Fire Insurance Co., seeking to recover $29,334.43 which was the alleged amount of loss suffered by appellee as a result of a loan default. On cross motions for summary judgment, the district court found that appellee's loss was covered by Clause E of the Banker's Blanket Bond and rendered judgment for the appellee....

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