Veech v. Deposit Bank of Shelbyville

Opinion op the Court by

Creal, Commissioner

Affirming in part and reversing in part.

In tlie early part of' tlie year 1931 depositors and officers of the Bank of Finckville dne to depressed business conditions, shrinkage and deflation of values of securities held by the bank and because many of them were considered slow and frozen, decided that it would be inadvisable to attempt to continue operation of the bank. This conclusion led to discussion and negotiations rela five to the Deposit Bank of Shelbyville, Kentucky, taking over and liquidating the Bank of Finchville and apparently the officers…