City Auto Stamping Co. v. State ex Fulton

The Security Home & Trust Company was organized and began a banking business in the City of Toledo about the time stated.

During the early part of 1931, the bank lost substantial amounts as a result of the merger as stated, and were compelled to borrow in February of that year, approximately three million five hundred thousand dollars. The condition of this bank improved up until some time in April, when the borrowed money was reduced to less than two million dollars.

During the month of May and early part of June the bank suffered further withdrawals and loss of deposits and was obliged to…