Security Trust Co. v. First National Bank

This is an action by the plaintiff bank against the defendant bank for the conversion of $57,250. The action arises out of the dishonor by defendant bank of 13 checks dated August 5,1970 totalling the sum of $32,725, and 10 checks dated August 6,1970 totalling $24,525, which were presented for payment by the plaintiff bank. The defendant bank paid three checks dated August 6, 1970 totalling $8,200, which were presented at the same time as the 10 which were dishonored.

The proofs have established that on the morning of August 5, 1970 one Harry Shapiro, who had checking accounts in both…