Grand Nat. Bk. of St. Louis v. Taylor

Prior to January 22, 1926, the People’s Bank of Ozark was a banking corporation under the laws of Arkansas. On that date its doors were closed and its affairs taken over by the State Banking Department for liquidation as an insolvent institution.' L. L. Ford was its president, J. T. Greer vice president, and Finis E. Stockton its cashier and active officer. Like too many small banks, its business was very largely intrusted to and its destiny largely controlled by one man — its cashier, Finis E. Stockton.

Appellant is a national banking corporation of St. Louis, with Mr. W. O. Johnson as its…