Roosevelt Federal Savings & Loan Ass'n v. First National Bank of Clayton

SMITH, Presiding Judge.

This case reaches the writer on reassignment. First National Bank of Clayton (Bank) appeals from the judgment of the trial court in an interpleader case brought by Roosevelt Federal Savings and Loan Association (Roosevelt). A recitation of the facts is necessary to present the issues raised on appeal.

In October, 1972, Leona Feinstein and Morris Feinstein opened a joint account, numbered 180-2741 with Roosevelt. In January, 1973, Leona Feinstein transferred $20,000 from that account into an account with Roosevelt numbered 780-0201 in the joint names of Leona and Morris…