Dicanio v. State Bank of Washington

ROBERTSON, Presiding Judge.

Appellants-plaintiffs Victor Dicanio et al. (Dicanio), former shareholders who dissented to the merger of the appellee State Bank of Washington (Bank), appeal from a judgment for the value of their shares without interest from the valuation date to judgment.

We affirm.

A majority of Bank's shareholders approved and adopted a proposed merger involving Bank on August 30, 1983. Thereafter, Dicanio (and other dissenters) made a timely demand for payment of the value of their shares. In response, Bank offered Dicanio the sum of $47 per share. After failing to reach…