Gugino v. Greater Rome Bank (In re Payroll America, Inc.)

*255MEMORANDUM DECISION

B. LYNN WINMILL, Chief Judge.

INTRODUCTION

The Chapter 7 bankruptcy trustee appeals from the bankruptcy court’s decision granting summary judgment in favor of defendant Greater Rome Bank. For the reasons explained below, the Court will affirm.

BACKGROUND

1. The Parties

Payroll America, Inc. was a local payroll processing company. It collected money from its clients, typically employers, and used that money to pay its clients’ employees and taxing authorities. At some point before this litigation, Payroll America misappropriated monies that had been impounded to pay its clients’…