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RESOLUTION TRUST CORP. v. HARTFORD ACC. & INDEM.

Nos. 93-1137, 93-1515.

25 F.3d 657 (1994)

RESOLUTION TRUST CORPORATION, successor to claims of First Federal Bank, F.S.B., Appellee, v. HARTFORD ACCIDENT & INDEMNITY CO., Appellant.

United States Court of Appeals, Eighth Circuit.

Decided May 31, 1994.

Attorney(s) appearing for the Case

Roderick D. Blanchard, Minneapolis, MN, argued (Carl D. Knudson and Thomas H. Crouch, on the brief), for appellant.

Edward Michael Laine, St. Paul, MN, argued (Nancy L. Cameron, on the brief), for appellee.

Before FAGG, Circuit Judge, ROSS, Senior Circuit Judge, and MORRIS SHEPPARD ARNOLD, Circuit Judge.

ROSS, Senior Circuit Judge.

First Federal Bank obtained a Standard Savings and Loan Blanket Bond from appellee Hartford Accident and Indemnity (Hartford) to protect First Federal and its depositors from a variety of losses. This policy provided broad coverage for losses arising out of dishonest, criminal or malicious acts, including, among other things, employee infidelity.

In 1987, First Federal established a mortgage banking company known as FF Mortgage...

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