State, Department of Culture, Recreation & Tourism v. City National Bank

I2FOGG, Judge.

By this appeal, the State of Louisiana, Department of Culture, Recreation and Tourism (DCRT) and Fidelity and Deposit Company of Maryland (Fidelity) seek review of a summary judgment dismissing their claims against City National Bank (CNB) for breach of warranties of transfer and presentment.

The following facts are undisputed. Debra Dyson was employed as the budget manager at DCRT. One of her responsibilities was to act as custodian of DCRT’s Louisiana Travel & Tourism Summit Account, which was maintained at Baton Rouge Bank & Trust Company (the “Summit Account”). Although she…