Cunningham v. Mid State Bank

HOFFMAN, Judge.

Plaintiffs-appellants David Cunningham and Allen Valenti appeal from the entry of summary judgment in favor of defendant-appellee Mid State Bank, in an action alleging wrongful conversion of monies deposited with the bank. The facts relevant to this appeal are summarized below.

On March 22, 1985, Cunningham and Valenti deposited with Farmers State Bank of Zionsville, Indiana the sums of $10,000.00 and $15,000.00 respectively, which deposits were evidenced by certificates of deposit. On September 17, 1985, Cunningham deposited the additional sum of $5,000.00 with Farmers State…