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ST. LOUIS BANK FOR SAV., FSB v. AMERICAN CAS. CO. OF READING, PA.

No. 90-5208.

927 F.2d 1042 (1991)

ST. LOUIS BANK FOR SAVINGS, FSB, a United States corporation, Appellant, v. AMERICAN CASUALTY COMPANY OF READING, PENNSYLVANIA, a Pennsylvania corporation, Appellee.

United States Court of Appeals, Eighth Circuit.

Decided March 11, 1991.

Attorney(s) appearing for the Case

Joseph J. Roby, Jr., Duluth, Minn., for appellant.

Thomas Crouch, Minneapolis, Minn., for appellee.

Before LAY, Chief Judge, JOHN R. GIBSON and WOLLMAN, Circuit Judges.

WOLLMAN, Circuit Judge.

St. Louis Bank for Savings appeals from the district court's1 denial of summary judgment for St. Louis Bank and its grant of summary judgment for American Casualty Company. We agree with the district court that St. Louis Bank's loss was excluded from insurance coverage, and we therefore affirm.

I.

St. Louis Bank wholly owned and controlled a subsidiary, Tri-State Service Corporation, that in turn...

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