United States Fidelity & Guaranty Co. v. Peoples National Bank of Kewanee

PRESIDING JUSTICE SOLFISBURG

delivered the opinion of the court.

This is an appeal arising out of an action at law for damages brought by United States Fidelity & Guaranty Company, a Maryland corporation (hereinafter referred to either as plaintiff or as USF&G) against Peoples National Bank of Kewanee, a United States banking corporation (hereinafter referred to as defendant or bank), based on the cashing of a draft drawn by the plaintiff’s adjuster on plaintiff’s treasurer at Baltimore, Maryland, payable through the First National Bank of Baltimore, Maryland. The cause was heard by the court…