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FEDERAL DEPOSIT INS. CORP. v. NATIONAL SUR.

No. 59230.

281 N.W.2d 816 (1979)

FEDERAL DEPOSIT INSURANCE CORPORATION, as receiver of the State Bank of Prairie City, Prairie City, Iowa, Appellee, v. NATIONAL SURETY CORPORATION, Appellant.

Supreme Court of Iowa.

Rehearing Denied August 24, 1979.

Attorney(s) appearing for the Case

Donald A. Wine of Thoma, Schoenthal, Davis, Hockenberg & Wine, Des Moines, for appellant.

John N. Diehl and Ben C. Clayton of Knopf, Diehl, Clayton & Cleverley, Newton, for appellee.

Considered by LeGRAND, P. J., and UHLENHOPP, HARRIS, McGIVERIN and LARSON, JJ.

LeGRAND, Justice.

The question on this appeal is whether National Surety Corporation is liable under a fidelity bond issued to State Bank of Prairie City for losses allegedly resulting from the dishonest and fraudulent acts of a bank officer. The trial court found for plaintiff and defendant appeals. We affirm the judgment.

This action was brought by Federal Deposit Insurance Corporation as receiver after the State Bank of Prairie City was closed by banking...

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