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ARKANSAS NAT. BANK v. CLEBURNE COUNTY BANK

No. 75-19.

525 S.W.2d 82 (1975)

ARKANSAS NATIONAL BANK, Appellant, v. CLEBURNE COUNTY BANK, Appellee.

Supreme Court of Arkansas.

June 23, 1975.

Attorney(s) appearing for the Case

Reed & Blackburn, P. A., by C. E. Blackburn, Heber Springs, for appellant.

Olmstead & McSpadden by Stephen Choate, Heber Springs, for appellee.

FOGLEMAN, Justice.

Robert M. Edwards was formerly employed by Dr. Wayne H. Smith of Heber Springs, Arkansas, as a physician's assistant. In July and October, 1973, Edwards borrowed money from Cleburne County Bank and Arkansas National Bank, respectively, $2500 from each institution, executing a promissory note and security agreement as a part of each transaction. Each bank filed for record its financing statement or security agreement covering the same property of...

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