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DROVERS BANK OF CHICAGO v. NAT. BANK & TRUST

No. 86-2158.

829 F.2d 20 (1987)

DROVERS BANK OF CHICAGO, Appellee, v. NATIONAL BANK AND TRUST COMPANY OF CHARITON, Appellant.

United States Court of Appeals, Eighth Circuit.

Decided September 18, 1987.

Attorney(s) appearing for the Case

Stephen Meyer, Chariton, Iowa, for appellant.

John F. Lorentzen, Des Moines, Iowa, for appellee.

Before ROSS, Circuit Judge, HENLEY, Senior Circuit Judge, and ARNOLD, Circuit Judge.

ARNOLD, Circuit Judge.

In this diversity action, Drovers Bank of Chicago sued National Bank and Trust Co. of Chariton (NBT) for money allegedly due under a loan-participation agreement between the banks. The parties consented to trial before a magistrate,1 and stipulated to many of the relevant facts, including the amount of money in dispute.

On amended findings of fact and conclusions of law, the Magistrate ruled that Drovers...

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