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MID-AMERICA BANK OF CHASKA v. AMERICAN CAS. CO.

No. Civ. 3-89-308.

745 F.Supp. 1480 (1990)

MID-AMERICA BANK OF CHASKA, successor to Citizens State Bank of Green Isle, Plaintiff, v. AMERICAN CASUALTY COMPANY OF READING, PENNSYLVANIA, Defendant. AMERICAN CASUALTY COMPANY OF READING, PENNSYLVANIA, Third Party Plaintiff, v. Donald HERD, Daniel Brown, and Ronald Ott, Third Party Defendants.

United States District Court, D. Minnesota, Third Division.

September 21, 1990.

Attorney(s) appearing for the Case

John L. Devney and Mark J. Frenz, Briggs and Morgan, Minneapolis, Minn., for plaintiff.

Peter D. Sullivan, Hinshaw, Culbertson, Moelmann, Hoban & Fuller, Chicago, Ill., and David Donna, Lindquist & Vennum, Minneapolis, Minn., for defendant.

ORDER

DEVITT, District Judge.

INTRODUCTION

In this diversity action brought by Mid-America Bank of Chaska ("Mid-America") against American Casualty Company of Reading, Pennsylvania ("American Casualty") based upon an insurance contract, defendant moves for summary judgment. For the reasons set forth below, defendant's motion is denied.

BACKGROUND

American Casualty issued a "Banker's Blanket Bond" ("the bond") to BancServices Corporation...

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