Ash v. First National Bank of Eastern Arkansas

1 iThis appeal concerns cross-motions for summary judgment in the St. Francis County Circuit Court. The circuit court dismissed William Ash’s complaint with prejudice and entered judgment for First National Bank of Eastern Arkansas. Because the circuit court committed an error of law, we reverse .and remand for further proceedings consistent with this opinion.

I. Case History

The majority of this case’s facts are undisputed. In 2012, William Ash, individually, owned 3,881 shares of Bancshares of Eastern Arkansas, Inc. He also held an equitable interest in 4,164 shares of Banc-shares of Eastern…