First National Bank v. Kosydar

The issue before the court is whether appellant (which since 1864 has continuously carried on the business of banking in Ohio) first “engaged in business” in this state for purposes of R. C. 5711.03 in May 1972, when it acquired and leased certain personal property.

The statutory provisions relevant to this appeal are set out as follows:

R. C. 5725.01(A) provides, in pertinent part:

“(A) ‘Financial institution’ includes every person *103who keeps an office or other place of business in this state and engages in the business of receiving deposits, lending money, and buying or selling bullion, bills…