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AMERICAN CAS. CO. OF READING, PA. v. ETOWAH BANK

No. 01-12446.

288 F.3d 1282 (2002)

AMERICAN CASUALTY COMPANY OF READING, PENNSYLVANIA, Plaintiff-Counter-Defendant-Appellant, v. ETOWAH BANK, Defendant-Counter-Claimant-Appellee, Regions Financial Corporation, Counter-Claimant, Federal Insurance Company, Counter-Defendant.

United States Court of Appeals, Eleventh Circuit.

April 19, 2002.

Attorney(s) appearing for the Case

Louis C. Roberts, New York City, G. Michael Banick, Bodker, Ramsey & Andrews, P.C., Atlanta, GA, for Plaintiff-Counter-Defendant-Appellant.

E. Berton Spence, Henry E. Simpson, Lange, Simpson, Robinson & Somerville, Birmingham, AL, Richard Dale Hall, Mozley, Finlayson & Loggins, Atlanta, GA, for Defendant-Counter-Claimant-Appellee.

Before EDMONDSON, CARNES and SILER, Circuit Judges.

CARNES, Circuit Judge:

This appeal involves a coverage dispute arising out of a financial institution bond issued by American Casualty Company of Reading, Pennsylvania ("CNA")1 to Etowah Bank ("Etowah"), before Etowah was acquired by Regions Financial Corporation ("Regions").2 A financial institution bond is a type of fidelity bond that is designed to insure financial...

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