Ohio Valley Banking & Trust Co. v. Citizens National Bank

Opinion of the Court by

Judge Miller

Reversing.

On December 22, 1913, Ingram Crockett of Henderson, Ky., borrowed $5,800.00 from the Bankers National Bank, of Evansville, Ind. On January 19, 1914, Crockett borrowed the further sum of $1,950.00 from the same bank. To secure the payment of his notes given for these loans, Crockett pledged, as collateral security, stock certificate No. 457 for 30 shares, and certificate No. 458 for 25 shares of the capital stock of the Planters State Bank, of Henderson, which stood in Crockett’s name. For brevity, the Planters State Bank of Henderson will be called…