G M B Enterprises, Inc. v. B-3 Enterprises, Inc.

— This case involves the application of a state banking statute, RCW 30.12.080(3), to a national bank in a summary judgment proceeding. We affirm.

Gene Bliesner, president and sole shareholder 1 of GMB Enterprises, Inc., was employed as manager of the Sunny-side branch of the Seattle-First National Bank (Seafirst). Delano Arner, a loan officer at the Sunnyside branch, had an agreement with GMB providing that Mr. Arner would receive one-third of the profit from any GMB venture in which he agreed to participate.

In November 1980, B-3 Enterprises, Inc., began the renewal process for its annual…