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UNITED STATES v. PORTER

No. 77-1884.

581 F.2d 698 (1978)

UNITED STATES of America, Appellee, v. Raymond A. PORTER, Virginia R. Porter and Clifford B. Smith, Appellants.

United States Court of Appeals, Eighth Circuit.

Decided July 21, 1978.

Rehearing Denied August 18, 1978.

Attorney(s) appearing for the Case

David M. Korum, Sestric, Karoh, LaBarge & Korum, Kirkwood, Mo., for appellant; Kent E. Karohl, Kirkwood, Mo., on the brief.

Joseph B. Moore, Asst. U. S. Atty., St. Louis, Mo., for appellee; Robert D. Kingsland, U. S. Atty., St. Louis, Mo., on the brief.

Before GIBSON, Chief Judge, HENLEY, Circuit Judge, and SCHATZ, District Judge.

Rehearing and Rehearing En Banc Denied August 18, 1978.

HENLEY, Circuit Judge.

In the fall of 1973 the Mercantile Bank of St. Charles County, Missouri, which was then known as the County Bank of St. Charles and which is hereinafter called the Bank, made a $250,000.00 loan to Kent Enterprises, Inc. of Clayton, Missouri, hereinafter referred to as Kent. Repayment of the loan to the extent of 90% of principal and interest was guaranteed by the Small Business...

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