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  5. 732 S.W.2d 489 (1987)
 

CITY NAT. BANK v. FIRST NAT. BANK

No. CA 87-471.

732 S.W.2d 489 (1987)

22 Ark.App. 5

CITY NATIONAL BANK OF FORT SMITH, Appellant, v. FIRST NATIONAL BANK AND TRUST COMPANY OF ROGERS, et al., Appellee.

Court of Appeals of Arkansas, Division I.

Substituted Opinion on Denial of Rehearing September 23, 1987.

Attorney(s) appearing for the Case

Harper, Young, Smith & Maurras by S. Walton Maurras, Fort Smith, for appellant.

Kelley & Luffman by Eugene T. Kelley, Rogers, for appellee.

COOPER, Judge.

First National Bank and Trust Company of Rogers, Arkansas (First Rogers) and First National Bank of Siloam Springs, Arkansas (First Siloam) brought an action against Northwest National Bank (Northwest) on a $409,000.00 letter of credit, dated April 15, 1983, issued by Northwest to First Rogers. Northwest filed a third-party complaint against City National Bank of Fort Smith, Arkansas (City National), alleging that City National had participated in the...

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