Legal Opinion
Kansas Bankers Sur. Co. v. FARMERS STATE BANK, YALE
District Court, S.D. Iowa
Decided November 21, 2005No. 4:04-CV-10230PublishedCited by 2 opinions
1Opinion of the Court
RULING ON PLAINTIFF’S MOTION FOR SUMMARY JUDGMENT AND DEFENDANT’S CROSS-MOTION FOR PARTIAL SUMMARY JUDGMENT
WALTERS, Chief United States Magistrate Judge.
KBS issued a Financial Institution Crime Bond No. 6819IA to Farmers State Bank of Yale, Iowa (FSB). FSB’s Vice President, Brian Barber, caused certain bad loans to be made (the Lancaster and Funk loans) and a guaranty entered into which resulted in significant losses to FSB. FSB contends the circumstances evince fraud and dishonesty on Barber’s part sufficient to support a claim under the “fidelity” coverage provisions of “Insuring Agreement…
2Cases cited10 opinions
- Federal Deposit Insurance Corporation v. J. William OldenburgCourt of Appeals for the Tenth Circuit · 1994
- Philip Carey Co. v. Maryland Casualty Co.Supreme Court of Iowa · 1926
- First Dakota National Bank v. St. Paul Fire & Marine Insurance CompanyCourt of Appeals for the First Circuit · 1993
- Federal Deposit Insurance Corp. v. National Surety Corp.Supreme Court of Iowa · 1979
- United Fire & Casualty Co. v. AckerSupreme Court of Iowa · 1995
5 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- Renasant Bank v. St. Paul Mercury Insurance Co.District Court, N.D. Mississippi · 2017
- Bankinsure, Inc. v. Peoples Bank of the SouthDistrict Court, S.D. Mississippi · 2012