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UNITED BANK & TRUST CO. OF NORMAN, OKL. v. KANSAS BANKERS SUR. CO.

No. 89-6115.

901 F.2d 1520 (1990)

UNITED BANK & TRUST COMPANY OF NORMAN, OKLAHOMA, an Oklahoma state banking corporation, Plaintiff-Appellee, v. The KANSAS BANKERS SURETY COMPANY, a Kansas corporation, Defendant-Appellant.

United States Court of Appeals, Tenth Circuit.

April 24, 1990.

Attorney(s) appearing for the Case

Steven M. Dickey (Todd Markum with him on the brief) of Dickey & Dickey, Oklahoma City, Okl., for plaintiff-appellee.

Gregory J. Bien of Sloan, Listrom, Eisenbarth, Sloan & Glassman, Topeka, Kan., for defendant-appellant.

Before MOORE and EBEL, Circuit Judges, and SAM, District Judge.

JOHN P. MOORE, Circuit Judge.

This appeal arises from a dispute over whether a bankers blanket bond issued by The Kansas Bankers Surety Company (KBS) to United Bank & Trust Company of Norman, Oklahoma, covers a loss suffered by United as a result of its accepting counterfeit securities as collateral. The facts were undisputed, and the parties filed cross-motions for summary judgment. The district court held that the bond covered the loss and entered judgment for...

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