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LIBERTY NAT. BANK v. AETNA LIFE & CAS. CO.

Civ. A. No. 78-1843.

568 F.Supp. 860 (1983)

LIBERTY NATIONAL BANK, Plaintiff, v. AETNA LIFE & CASUALTY COMPANY, Defendant.

United States District Court, D. New Jersey.

June 24, 1983.

Attorney(s) appearing for the Case

Sills, Beck, Cummis, Zuckerman, Radin & Tischman by Lee Alan Adlerstein, Newark, N.J., for plaintiff.

Lum, Biunno & Tompkins by Roger P. Sauer, Newark, N.J., for defendant.

OPINION

SAROKIN, District Judge.

In this diversity action, Liberty National Bank ("the Bank"), a New Jersey corporation, seeks recovery under a Bankers Blanket Bond ("the Bond") issued by Aetna Life & Casualty Company ("Aetna"), a corporation incorporated under the laws of the State of Connecticut. In 1976 the Bank made a demand loan in the amount of $112,500 to Edward M. Vaughn and a similar loan in the amount of $112,000 to his mother, Ruth D. Martin...

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