Legal Opinion
Pine Bluff National Bank v. St. Paul Mercury Insurance
District Court, E.D. Arkansas
Decided October 20, 2004No. 5:03CV00400 JLHPublishedCited by 6 opinions
1Opinion of the Court
OPINION AND ORDER
HOLMES, District Judge.
The issue in this case is whether Pine Bluff National Bank (the “Bank”) has cov erage under a financial institution bond (the “Bond”) issued by St. Paul Mercury Insurance Company (“St.Paul”) for losses that the Bank suffered as a result of a fraud perpetrated by one of its borrowers. St. Paul has moved for summary judgment.
I. THE UNDISPUTED FACTS
In July 1998, the Bank established a revolving line of credit for Ralph Croy & Associates, Inc. (“Croy”). Croy was a vendor of copy machines. Many of his customers were state agencies. To secure the line of…
2Cases cited13 opinions
- Auto Lenders Acceptance Corp. v. Gentilini Ford, Inc.Supreme Court of New Jersey · 2004
- Southall v. Farm Bureau Mut. Ins. Co. of Ark.Supreme Court of Arkansas · 1982
- American Eagle Insurance Company v. John H. ThompsonCourt of Appeals for the Eighth Circuit · 1996
- Home Mutual Fire Insurance v. JonesCourt of Appeals of Arkansas · 1998
- Liberty National Bank v. Aetna Life & Casualty Co.District Court, D. New Jersey · 1983
8 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Beach Community Bank v. St. Paul Mercury InsuranceCourt of Appeals for the Eleventh Circuit · 2011
- Ohio Savings Bank v. Progressive Casualty InsuranceCourt of Appeals for the Eighth Circuit · 2008
- Federal Deposit Insurance v. RLI InsuranceDistrict Court, N.D. Illinois · 2014
- Metro Federal Credit Union v. Federal InsuranceDistrict Court, N.D. Illinois · 2009
- BancInsure, Inc. v. Highland BankCourt of Appeals for the Eighth Circuit · 2015
1 more not listed; retrieve them via the Exa API.