ROGERS v. FIRST NATIONAL BANK OF ST. GEORGE

No. 13393.

410 F.2d 579 (1969)

D. M. ROGERS et al., Appellants, v. FIRST NATIONAL BANK OF ST. GEORGE et al., Appellees.

United States Court of Appeals Fourth Circuit.

Decided May 1, 1969.


Attorney(s) appearing for the Case

Nathaniel W. Cabell and W. Turner Logan, Charleston, S. C., for appellants.

Charlton B. Horger and F. Hall Yarborough, Orangeburg, S. C., for appellees.

Before HAYNSWORTH, Chief Judge, and WINTER and CRAVEN, Circuit Judges.


HAYNSWORTH, Chief Judge:

Five minority stockholders of the First National Bank of St. George, South Carolina, sought an injunction prohibiting the merger of that bank with the First National Bank in Orangeburg. The District Court denied the injunction, and we affirm.

At a regular meeting of the directors of the St. George bank, a majority of its directors voted in favor of a merger into the Orangeburg bank and voted to present the merger agreement to the shareholders...

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