Exeter Banking Co. v. Taylor

The plaintiff was incorporated in 1893 to do a general banking business. Laws 1893, c. 195. In 1924 it acquired the assets of the Union Five Cent Savings Bank (P. L., c. 263), and thereafter maintained both a mercantile and a savings department. The defendant Taylor entered the plaintiff’s employ in 1904. In 1910 he became treasurer of the Union Five Cent Savings Bank and occupied that position until 1921, when he resigned to become the plaintiff’s assistant treasurer. The first bond under consideration was issued at that time.

After the consolidation of the two banks he was elected…