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FIRST NATIONAL BANK OF DECATUR v. INSURANCE CO. OF NO. AM.

No. 17778.

424 F.2d 312 (1970)

The FIRST NATIONAL BANK OF DECATUR, a National Banking Corporation, formerly, the National Bank of Decatur, Plaintiff-Appellee, v. INSURANCE COMPANY OF NORTH AMERICA, a Foreign Corporation, Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

Certiorari Denied June 1, 1970.

Attorney(s) appearing for the Case

Jack E. Horsley, Mattoon, Ill., Frank L. Eisele, Philadelphia, Pa., Robert E. O'Keeffe, Peoria, Ill., of counsel, Richard F. Record, Jr., and Donald E. Castles of Craig & Craig, Mattoon, Ill., for appellant.

Vernon H. Houchen, Richard C. McDonald of Wilson, Dyar, Houchen & McDonald, Decatur, Ill., for appellee.

Before SWYGERT, Chief Judge, HASTINGS, Senior Circuit Judge, and CUMMINGS, Circuit Judge.

Certiorari Denied June 1, 1970. See 90 S.Ct. 1844.

HASTINGS, Senior Circuit Judge.

Plaintiff First National Bank of Decatur, Illinois (Decatur) brought this diversity action in the district court against defendant Insurance Company of North America (INA) seeking recovery under a Bankers' Blanket Bond issued by defendant. Decatur asserts that a loss it suffered as the result of an alleged check kiting scheme is covered by the bond issued by INA. On the basis...

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