Smith v. Keener

MORIARTY, C.

The Citizens’ Bank of Letcher, a state bank, was declared insolvent by the superintendent of banks, and on April 26, 1924, was taken in charge for liquidation. For several years prior to the closing of the bank, the defendant, Keener, had been assistant cashier of said bank and a member of its board of directors.

During practically all the time that the 'defendant was so- connected with said bank he had been making occasional purchases of notes, which the bank had taken on loans to its customers. These notes were paid for by charging the amounts of the face of each note and the…