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CLARENDON BANK & TRUST v. FID. & DEPOSIT CO. OF MD.

Civ. A. No. 296-75-A.

406 F.Supp. 1161 (1975)

CLARENDON BANK & TRUST, Plaintiff, v. FIDELITY AND DEPOSIT COMPANY OF MARYLAND, Defendant.

United States District Court, E. D. Virginia, Alexandria Division.

December 22, 1975.

Attorney(s) appearing for the Case

Frank E. Brown, Jr., Thomas G. Mays, Arlington, Va., for plaintiff.

Alexander M. Heron and John C. Hayes, Jr., Washington, D. C., Fred C. Alexander, Jr., Alexandria, Va., for defendant.

MEMORANDUM OPINION

CLARKE, District Judge.

Plaintiff, Clarendon Bank & Trust (CB&T), seeks recovery in the amount of $307,812.10 from defendant, Fidelity and Deposit Company of Maryland (F&D), alleging that a loss sustained as the result of allowing a customer to draw on deposits which were ultimately dishonored falls within the coverage of the Banker's Blanket Bond issued by F&D to CB&T. Plaintiff relies on Insuring Agreements B, loss...

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