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FIRST DAKOTA NAT. v. ST. PAUL FIRE & MARINE INS.

Nos. 91-3020, 91-3034.

2 F.3d 801 (1993)

FIRST DAKOTA NATIONAL BANK, formerly doing business as American State Bank, a national bank, Appellant/Cross-Appellee, v. ST. PAUL FIRE & MARINE INSURANCE COMPANY, Appellee/Cross-Appellant.

United States Court of Appeals, Eighth Circuit.

Decided July 14, 1993.

Attorney(s) appearing for the Case

Stephen M. Johnson, Yankton, S.D., argued and on brief (Celia Miner and Michael F. Marlow, on the brief) for appellant/cross-appellee.

Roderick Dean Blanchard, Minneapolis, MN, argued and on brief (Carl D. Knudson and Thomas H. Crouch, and Paul T. Barnett, Sioux Falls, SD, on the brief) for appellee/cross-appellant.

Before FAGG, Circuit Judge, HENLEY, Senior Circuit Judge, and HANSEN, Circuit Judge.

HANSEN, Circuit Judge.

This is a banker's bond case. First Dakota National Bank (First Dakota), after buying the failed American State Bank (American Bank), sued St. Paul Fire & Marine Insurance Company (St. Paul) for losses allegedly caused by dishonest former employees of American Bank and sought recovery under two fidelity bonds issued to American Bank by St. Paul. The case went to trial and the jury found in favor of First Dakota on 12 of its 14 claims against...

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