Synovus Bank of Tampa Bay v. Valley National Bank

MEMORANDUM AND ORDER

CASTEL, District Judge.

This is a dispute between two commercial banks arising out of the relationship of each with the now defunct air carrier, Southeast Airlines, Inc. (“Southeast”). Plaintiff, formerly known as United Bank and Trust Company (“United”) and now known as Synovus Bank of Tampa Bay, maintained a MasterCard and Visa merchant account for Southeast and suffered losses when payments for cancelled flights were refunded by United to would-be pas sengers. 1 Defendants Valley National Bank and Valley National Bancorp (‘Valley”) maintained depository accounts for…