Simmerman v. Nat'l Deposit Bank of Owensboro

Opinion of the Court by

Commissioner Hobson

Affirming.

In November, 1925, the state bank examiner examined the Bank of Hartford and informed Biowan Holbrook, its vice president and chief managing agent, that its reserve was below the legal requirements and that certain loans should be reduced. J. W. Ford was the president of the bank and a large stockholder. He was 83 years old and in bad health. R. Lee Simmerman, his son-in-law, was also a stockholder, one of the directors, and the salaried attorney of the bank. He and his wife, Mrs. Jessie R. Simmerman, who was the daughter of Judge Ford,…