Bancinsure, Inc. v. Bnc National Bank, N.A., Debra J. Gronlie, Bancinsure, Inc. v. Bnc National Bank, N.A., Debra J. Gronlie
Court of Appeals for the Eighth Circuit
1Opinion of the Court
WOLLMAN, Chief Judge.
BNC National Bank, N.A., (BNC or the bank) sought to recoup its losses from various loan and credit transactions handled by Debra J. Gronlie, a former employee, under the terms of a financial institution bond issued by Banclnsure, Inc. Banclnsure remitted $886,319.34 to BNC and then brought suit in federal district court 2 for a declaration of its obligation under the bond and for judgment based on its subrogation rights. BNC appeals from the district court’s determination that Ban-clnsure owed only part of the $886,319.34 and that BNC must refund the balance, and from a…
2Cases cited16 opinions
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- Fireman's Fund Insurance v. Allstate InsuranceCalifornia Court of Appeal · 1991
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