South Carolina National Bank v. Lake City State Bank

Brailsford, Justice.. This action is a sequel to an action by W. Wesley Singletary & Son, Inc. (Singletary) against Lake City State Bank (Lake City) to which we first refer.

Over a period of years, a job foreman employed by Singletary caused checks to be issued o,n padded payroll records and cashed them on forged endorsements at various banks, including The South Carolina National Bank of Charleston. These checks were forwarded to Lake City and charged by it to Singletary’s payroll account. Upon discovery o,f the forgeries, Singletary sued Lake City for the aggregate of these debits. Lake City…