Custom Panel Systems, Inc. v. Bank of Hampton

Webb, Judge.

In this tort action Custom Panel Systems, a corporation, and Vander Cingel, its president, seek damages against the Bank of Hampton for alleged defamation, and for misappropriation of funds in the corporate plaintiffs account with defendant bank. Their contention is that the bank refused to honor the corporate plaintiffs check for $842 presented for payment on February 11, 1977.

The bank’s response is that it held Custom Panel’s note for $5,000, that its president, in reliance upon certain information he had received, concluded that the bank was insecure and, pursuant to the terms…