Bank wrongfully cash checks?

Mrs. Wilson was employed as the office manager of Palmer & Ray Dental Supply of Abilene, Inc. Soon after an auditor discovered a discrepancy in the company’s inventory, Mrs. Wilson confessed to cashing thirty-five checks that she was supposed to deposit on behalf of the company. Palmer & Ray Dental Supply used a rubber stamp to indorse checks. The stamp listed the company’s name and address but did not read “for deposit only.” Mrs. Wilson was authorized by the company’s president, James Ray, to endorse checks with this stamp. All checks were cashed at First National Bank. Explain whether First National wrongfully cashed the checks by giving Mrs. Wilson cash instead of depositing the checks into the company’s bank account.