Central Trust Co. v. Bank of Mullens

Lively, President :

The Bank of Mullens became insolvent and was closed by the banking commissioner on April 20, 1927. This cause was instituted by its receiver to wind up the affairs of the insolvent bank. The appellant, First National Bank of ■ Williamson,, claimed priority over the general creditors of the bank for the sum of $1,028.05 evidenced by a cashier’s check of the insolvent bank; the priority and preference were denied, and this appeal followed.

Appellant’s claim originated as follows: Albert Cattaruzza had formerly lived at Mullens-, and had accumulated $1,028.05 to his credit- in…