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PIONEER VALLEY SAVINGS BANK v. INDEMNITY INSURANCE CO.

Civ. No. 1275.

225 F.Supp. 404 (1964)

PIONEER VALLEY SAVINGS BANK, a Corporation, Plaintiff, v. INDEMNITY INSURANCE COMPANY OF NORTH AMERICA, a Corporation, Defendant.

United States District Court N. D. Iowa, W. D.

January 21, 1964.

Attorney(s) appearing for the Case

Kenneth T. Wilson, Charles F. Stilwill, Sioux City, Iowa, for plaintiff.

Wiley E. Mayne, Sioux City, Iowa, for defendant.

HANSON, District Judge.

This is an action arising out of a dispute between the Pioneer Valley Savings Bank and its blanket bond insurer, Indemnity Insurance Company of North America.

On or about May 21, 1960, the defendant, Indemnity Insurance Company of North America, executed and delivered to the plaintiff the Bankers' Blanket Bond, Form No. 24, bond No. S226298, wherein the defendant agreed to indemnify and hold harmless the plaintiff to an amount not exceeding...

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