MEMORANDUM-DECISION AND ORDER
MUNSON, District Judge.
Presently before the court is a motion for summary judgment brought by defendant, Southeast Bank, N.A. ("Southeast") and a cross-motion for summary judgment brought by plaintiff, Norstar Bank of Upstate New York ("Norstar"). The court heard oral argument on these motions on September 26, 1989 in the Federal Courthouse in Albany, New York.
BACKGROUND
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