Court of Appeals for the Eighth Circuit August 16, 2001, 00-2118, 00-3524 (Bancinsure, Inc. v. Bnc National Bank, N.A., Debra J. Gronlie, Bancinsure, Inc. v. Bnc National Bank, N.A., Debra J. Gronlie)

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.