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ALLEN STATE BANK v. TRAVELER'S INDEMNITY COMPANY

No. 4032.

270 So.2d 270 (1972)

ALLEN STATE BANK, Plaintiff and Appellant, v. The TRAVELER'S INDEMNITY COMPANY, Defendant and Appellee.

Court of Appeal of Louisiana, Third Circuit.

December 13, 1972.

Attorney(s) appearing for the Case

Gravel, Roy & Burnes, by Stephen E. Everett, Alexandria, for plaintiff-appellant.

Holt & Woodley, by Meredith T. Holt, Lake Charles, for defendant-appellee.

Before SAVOY, CULPEPPER, and DOMENGEAUX, JJ.

DOMENGEAUX, Judge.

This is an action for recovery under an indemnity bond which was issued to the Allen State Bank by The Traveler's Indemnity Company. The bank claims losses suffered by it as a result of the alleged fraud of one Charles C. Derouen in connection with two bank loans. The defendant ultimately moved for summary judgment which was granted by the trial court and the bank's suit was dismissed. The bank appeals.

Charles C. Derouen was a former President...

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