First Trust & Savings Bank v. Henderson

The First Trust & Savings Bank is a banking-corporation doing business in the City of Miami. The First National Bank of Miami is also a banking corporation of that city. Though the two are separate and distinct entities they are owned and controlled largely by the same stockholders and directors. Mr. Edward C. Romfh, who is the president of the First National Bank, is one of the principal stockholders of the First Trust & Savings Bank. ITe is on the Board of Directors of both corporations and in cooperation with four others controls the affairs of both.

Parker A. Henderson was a stockholder in…