Andrew v. Farmers State Bank

The record in this case shows that Fred Retz died in April, 1929, and that Mary Retz, Fred .Talcott, and V. M. Reed were appointed executors of his estate. Fred Talcott was a director and V. M. Reed was the president of the Farmers State Bank.

Prior to his death Fred Retz was indebted on his own personal obligations in the sum of about $8,000. He was also indebted to the Farmers State Bank upon other notes signed by himself and Mary Retz, his wife, as joint makers to the extent of $2,689.83. The estate of Fred Retz was insolvent. In his lifetime he had transacted considerable business with the…