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EGLIN NAT. BANK v. HOME INDEM. CO.

No. 76-4121.

583 F.2d 1281 (1978)

EGLIN NATIONAL BANK, Plaintiff-Appellee, v. The HOME INDEMNITY COMPANY, Defendant-Third Party Plaintiff-Appellee-Cross Appellant, v. Lewie TIDWELL, Third Party Defendant-Appellant-Cross Appellee, v. INTERNATIONAL INSURANCE COMPANY, Crum and Forster Group, Third Party Defendant-Appellee.

United States Court of Appeals, Fifth Circuit.

November 13, 1978.

Attorney(s) appearing for the Case

James G. Etheredge, Fort Walton Beach, Fla., for Tidwell.

Charles R. Timmel, Fort Walton Beach, Fla., for Home Indem. Co.

David A. Simpson, Fort Walton Beach, Fla., Joe J. Harrell, Pensacola, Fla., for Intern. Ins.

John W. Morrison, Victor G. Savikas, Chicago, Ill., for Intern. Ins.

Before RONEY, TJOFLAT and HILL, Circuit Judges.

RONEY, Circuit Judge:

The sole issue in this Florida diversity case involves the interplay between a banker's blanket bond and a directors and officers liability insurance policy. The banker's bond provides coverage for losses caused by an employee's "dishonest or fraudulent" acts. The directors and officers liability policy excludes claims for "active and deliberate dishonesty committed . . . with actual dishonest purpose...

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