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FIRST NAT. BANK v. HARTFORD ACC. & INDEM.

No. 63458.

295 N.W.2d 425 (1980)

FIRST NATIONAL BANK, COLFAX, Iowa, Appellant, v. HARTFORD ACCIDENT AND INDEMNITY COMPANY, Appellee.

Supreme Court of Iowa.

August 27, 1980.

Attorney(s) appearing for the Case

Ben C. Clayton and Roger D. Williams of Diehl, Clayton, Cleverley & Knopf, Newton, for appellant.

L. W. Rosebrook of Ahlers, Cooney, Dorweiler, Haynie & Smith, Des Moines, for appellee.

Considered en banc.

LARSON, Justice.

The First National Bank sustained a loss in its dealings with a customer named Charles Gerhart. The bank, claiming the loss was covered by a blanket bond, brought suit against the Hartford Accident and Indemnity Company. The trial court ruled that the loss was not covered by the terms of the bond and, in any event, the bank had failed to show it had relied upon the document in question when it entered into the loan transaction. We affirm the trial...

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