Hibernia National Bank v. Smith

JjFOIL, Judge.

In this suit on a promissory note, plaintiff, Richard S. Blossman as agent of the Bloss-man Group, challenges a summary judgment entered against him and in favor of defendant, Johnny Smith, holding the note to be void ab initio. We reverse.

FACTS

Prior to 1984, the Blossman Group owned a controlling interest in First National Corporation (FNC), a bank holding company whose principal asset was First National Bank of St. Tammany Parish. In 1983, Ronald Case, who represented a group of Jefferson Parish bankers, approached the Blossmans about the possibility of that group acquiring…