Snyder National Bank v. Westchester Fire Insurance Company

Snyder National Bank, plaintiff-appellee, instituted this action on a Banker’s Blanket Bond issued by the defendant-appellant, Westchester Fire Insurance Co., seeking to recover $29,334.43 which was the alleged amount of loss suffered by appellee as a result of a loan default. On cross motions for summary judgment, the district court found that appellee’s loss was covered by Clause E of the Banker’s Blanket Bond and rendered judgment for the appellee. Snyder National Bank v. Westchester Fire Insurance Company, 294 F.Supp. 500 (N.D. Tex.1968).

The parties entered into a stipulation of all…