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HOKE v. PIONEER STATE BANK

167 N.J. Super. 410 (1979)

400 A.2d 1217

JOHN K. HOKE AND JEAN M. HOKE, HIS WIFE, PLAINTIFFS-RESPONDENTS, v. PIONEER STATE BANK AND EUGENE W. ROGERS, DEFENDANTS-APPELLANTS.

Superior Court of New Jersey, Appellate Division.

Decided April 10, 1979.

Attorney(s) appearing for the Case

Mr. Charles W. Heuisler argued the cause for appellants (Messrs. Archer, Greiner & Read, attorneys).

Mr. Robert J. Partlow argued the cause for respondents (Messrs. Parker, McCay & Criscuolo, attorneys).

Before Judges LORA, MICHELS and LARNER.

The opinion of the court was delivered by LARNER, J.A.D.

Plaintiffs instituted this action against Pioneer State Bank to recover a loss sustained because of the bankruptcy of a stockbroker to whom the bank entrusted plaintiffs' securities for redemption.

Plaintiffs held two $25,000 bond anticipation notes of the City of New York and requested Mr. Rogers, the bank's officer, as an accommodation, to process them...

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