Court of Appeals for the Seventh Circuit March 16, 1970, No. 17778 (First National Bank v. Insurance Co. of North America)

HASTINGS, Senior Circuit Judge.

Plaintiff First National Bank of Decatur, Illinois (Decatur) brought this diversity action in the district court against defendant Insurance Company of North America (INA) seeking recovery under a Bankers’ Blanket Bond issued by defendant. Decatur asserts that a loss it suffered as the result of an alleged check kiting scheme is covered by the bond issued by INA.