State Banking Board v. Pilcher

For several years prior to July 8, 1921, the First Guaranty State Bank of Collinsville had been doing a general banking business at Collinsville, Tex., and had been -operating under the Texas banking laws and the state guaranty fund. For some two years prior to the last-named date one L. P. pilcher had left with said bank $6,000 as an interest-bearing time deposit; the certificate of deposit having been renewed and reissued each six months. The last rfenewal was made on the date above mentioned, and on that date there was issued by the bank to Pilcher an interest-bearing time deposit…