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FIDELITY & DEPOSIT CO. v. BANK OF BLADENBORO

No. 75-0057-CIV-7.

472 F.Supp. 885 (1978)

FIDELITY & DEPOSIT COMPANY OF MARYLAND (Formerly Clarendon Bank and Trust Company), a Virginia Corporation, Plaintiff, v. The BANK OF BLADENBORO, a North Carolina Corporation, Wachovia Bank and Trust Company, N. A., a North Carolina Corporation, the Federal Reserve Bank of Richmond, Virginia, a United States Corporation, and the Federal Reserve Bank of Richmond, Virginia, Charlotte, North Carolina Branch, Defendants, v. Jerry RICHARDSON and Charles I. Bridger, Cross-Defendants.

United States District Court, E. D. North Carolina, Wilmington Division.

February 10, 1978.

Attorney(s) appearing for the Case

Jerry C. Woodell, Lonnie B. Williams, Marshall, Williams, Gorham & Brawley, Wilmington, N. C., for plaintiff.

William L. Hill, II, Cyrus D. Hogue, Jr., Hogue, Hill, Jones, Nash & Lynch, Wilmington, N. C., for the Bank of Bladenboro and Charles I. Bridger.

Karl W. McGhee, of Stevens, McGhee, Morgan & Lennon, Wilmington, N. C., for Wachovia Bank & Trust Co., N. A.

James C. Fox, of Murchison, Fox & Newton, Wilmington, N. C., for The Federal Reserve Bank of Richmond, Va. and The Federal Reserve Bank of Richmond, Va., Charlotte, North Carolina Branch.

David A. Harlow, of Nance, Collier, Singleton, Kirkman & Herndon, Fayetteville, N. C., for Jerry Richardson.

MEMORANDUM OPINION AND ORDER

LARKINS, Chief Judge:

In the case of Clarendon Bank & Trust Company v. Fidelity & Deposit Company of Maryland, 406 F.Supp. 1161, (E.D.Va.1975), Clarendon Bank & Trust recovered $307,812.00 from Fidelity and Deposit (F&D) under the banker's blanket bond issued by F&D for loss sustained by CB&T as a result of allowing...

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