Bank of Elbow Lake v. First State Bank of Ashby

OPINION

SHORT, Judge.

The Bank of Elbow Lake appeals the trial court’s determination that the First State Bank of Ashby may apply the funds of an account assigned to the Bank of Elbow Lake against a debt owed to the latter bank by its depositor. We reverse the trial court’s ruling as to this issue, but affirm the court’s decision to deny appellant’s requests for costs, attorney fees and leave to amend its complaint.

FACTS

In March of 1986, William L. Scarborough (Scarborough) conducted banking transactions with appellant Bank of Elbow Lake and with respondent The First State Bank of Ashby (Bank…