Erhard v. Boone State Bank

DEWEY, District Judge.

The above-entitled cause came on for hearing in open court on its merits, evidence was introduced, oral arguments had, and written arguments submitted, and the court being advised finds as follows:

The Boone State Bank and the Farmers’ State Bank are banking institutions located at Boone, Iowa. Prior to July 11,1930, both banks were actively engaged in the general banking business in that city. Some weeks prior thereto negotiations had been carried on between certain officers of both banks looking towards a purchase of the assets of the Farmers’ State Bank by the Boone…