United States Fidelity & Guaranty Co. v. Citizens' State Bank of Moorhead

Appellee, the Citizens’ State Bank of Moor-head, brought suit in the circuit court against E. H. Foster and the United States Fidelity Guaranty Company, appellants, on a fidelity bond executed by the appellant company to indemnify appellee against loss by reason of fraud or dishonesty, amounting to embezzlement or larceny, of Foster, cashier of appellee bank.

Foster was cashier of the Citizens’ State Bank of Moorhead, and C. E. Young, cashier of the Bank of Commerce of Boyle, both being small town banks. For brevity, these banks will be referred to as Moorhead bank and Boyle hank.

The…