Davenport Bank & Trust Co. v. State Central Bank

SCHULTZ, Justice.

Davenport Bank and Trust Company (Davenport Bank) brought this action against State Central Bank (State Central) alleging breach of an alleged accord and satisfaction agreement between the two banks. The alleged agreement settled a dispute over the terms of participation agreements involving loans to a farm corporation. The loans went bad and the banks dispute the entitlement to $241,-429.19 in proceeds from liquidation of the debtor’s assets. Following a jury trial, the trial court granted Davenport Bank a judgment notwithstanding an adverse jury verdict favoring State…