Easton National Bank & Trust Co. v. Union National Bank & Trust Co. of Souderton

Opinion by

Cercone, J.,

The instant appeal arises from a judgment, after a jury trial, in favor of Easton National Bank (Easton) against Union National Bank (Union) in the amount of $212,007.45. This amount represents the principal and *318interest on a $175,000 promissory note of First Subsidy Corporation (First Subsidy)- which Union had agreed, but failed, to purchase from Easton. The facts are as follows:

Sometime in 1969, William Clarke, acting for First Subsidy, approached Frankford Trust Company (Frank-ford) with a plan which would enable First Subsidy to build a nursing home in Easton,…