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Judge Denies Summary Judgment Motions In Suit Over Bank’s $1.8M Embezzlement Loss

(August 16, 2016, 12:15 PM EDT) -- SHREVEPORT, La. — A Louisiana federal judge on Aug. 1 denied summary judgment motions in a dispute over coverage under a financial institution bond for a bank’s alleged $1,796,156.20 in losses stemming from its former vice president’s embezzlement scheme (Everest National Insurance Co. v. Tri-State Bancshares Inc., et al., No. 15-1491, W.D. La.; 2016 U.S. Dist. LEXIS 104534).

(Memorandum ruling available. Document #13-160818-009Z).

Tri-State Bank & Trust is owned by Tri-State Bancshares. Ed Kennon is the president and majority interest owner of the bank. Jim Scott...
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