American National Bank v. Ames
Supreme Court of Virginia
1Opinion of the CourtEggleston, J.
Prior to July 9, 1929, The First National Bank of Portsmouth, Virginia, was in a normal and healthy condition. It had, on the preceding April 15, been examined by a national bank examiner, whose report showed it to have total resources of $3,347,288.06, deposits of $2,211,560.63, a paid-up capital of $300,000, a surplus of $100,000, undivided profits of $45,480.74, and reserves of $46,800. Out of a total of loans and discounts, amounting to $2,160,388.06, the examiner classified only $32,523.80 as a loss, and by July 9, $27,892.80 of these had been charged off.
Between April 15 and July 15,…
2Cases cited30 opinions
- Richmond v. IronsSupreme Court of the United States · 1887
- Ames v. American National BankSupreme Court of Virginia · 1934
- Bank of Bethel v. Pahquioque BankSupreme Court of the United States · 1872
- Hayes v. Massachusetts Mutual Life InsuranceIllinois Supreme Court · 1888
- Wilson v. Carpenter's Adm'rSupreme Court of Virginia · 1895
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- State Farm Mutual Automobile Insurance v. PedersonSupreme Court of Virginia · 1947
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