McCoy v. Adams

WELSH, District Judge.

The liquidating trustees of the Shilling-ton Bank brought this suit against the defendant receiver of the Farmers National Bank and Trust Company of Reading in the Common Pleas Court of Berks County. The action was thereafter removed to this Court and an affidavit of defense and counter-claim were filed by the defendant. Trial was had before the Court without a jury.

The Shillington Bank, formerly doing business.in a suburb of Reading, was examined by the State Banking Department in January, 1932. The examination disclosed an impairment of deposits, which caused the…