Court of Appeals for the First Circuit September 17, 1969, 27148 (First National Bank of Fort Walton Beach v. United States Fidelity and Guaranty Company)

DAVIS, Judge:

Plaintiff-appellee, First National Bank of Fort Walton Beach (Bank), sued defendant-appellant, United States Fidelity and Guaranty Company (USF&G), claiming a right to indemnification under a Banker’s Blanket Bond, in force between the Bank and USF&G, for losses incurred on a loan by the former. The District Court for the Northern District of Florida awarded the Bank $57,130.