Emmett v. Regions Bank

Barnes, Judge.

Nolan Emmett, the executor of the estates of Gilbert Lee Cabbage and Florence Irene Cabbage, and Claude Richard Emmett, co-executor of Mrs. Cabbage’s estate, sued Regions Bank. The Emmetts asserted that the bank improperly cashed certificates of deposit (“CDs”) and a savings account that were jointly held by Mr. and Mrs. Cabbage, and failed to pay the proceeds of Mr. Cabbage’s IRA to Mrs. Cabbage.

The bank deposited the proceeds of the IRA into the court registry and moved to interplead Mr. Cabbage’s daughter, Brenda Hayes. The disposition of those funds remains pending in the…