Nottingham v. Farmers & Merchants Trust Bank

In the year 1932, and for some time prior thereto, there were operating in Northampton county, Virginia, three banks known as The Cheriton Banking Company, Incorporated (hereinafter called the Cheriton Bank), The Townsend Banking Company, Incorporated, and the Farmers & Merchants Trust Bank. In December of that year these three banks, with the approval and under the supervision of the State Bureau of Insurance and Banking, determined to merge into one institution to be known as the Farmers & Merchants Trust Bank.

Shortly before this an examination of the books of the Cheriton Bank had…