DEL STATE BANK v. SALMON

No. 46964.

548 P.2d 1024 (1976)

DEL STATE BANK, an Oklahoma Banking Corporation, Appellant, v. Randel E. SALMON, Appellee.

Supreme Court of Oklahoma.

April 6, 1976.


Attorney(s) appearing for the Case

Garrett, Pool, Amis & Coldiron, by Robert W. Amis, Del City, for appellant.

John B. Hayes, Watts, Looney, Nichols, Johnson & Hayes, Oklahoma City, for appellee.


LAVENDER, Justice:

Del State Bank (bank), appellant, sued on a promissory note in the principal amount of $18,000, evidencing a loan to Randel E. Salmon (Salmon) for purchase of 10,000 shares of Amerand, Inc. (Amerand). The shares were pledged for the indebtedness to the bank.

Amerand was a customer of and had close business relations with the bank. The bank's president, Suttle, and its board chairman, Epperly, were...

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