Looney v. Belcher

The facts of this case are, in brief, these: In April, 1921, there were two bankls operating in the town of *163Grundy, Virginia. One was the Bank of Grundy, Incorporated, a State bank; the other was the First National Bank of Grundy. Prior to April 9, 1921, a customer of the Bank of Grundy, Fred Vandyke, had on deposit in that bank, $43,760, represented by six certificates of deposit. Three of these certificates were for the sum of $10,000 each and one for $10,200. The others were for lesser amounts.

It appears that the Bank of Grundy was doing business in an old and unimpressive building,…