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  5. 643 F.2d 164 (1981)
 

FEDERAL DEP. INS. CORP. v. ARONECK

Nos. 80-1315, 80-1367.

643 F.2d 164 (1981)

FEDERAL DEPOSIT INSURANCE CORPORATION, Appellee, v. S. N. ARONECK and Arrow Investment Corporation, Appellants, v. HENRY SIMS SECURITIES, INC., Third Party Defendant. FEDERAL DEPOSIT INSURANCE CORPORATION, Appellant, v. S. N. ARONECK and Arrow Investment Corporation, Appellees, v. HENRY SIMS SECURITIES, INC., Third Party Defendant.

United States Court of Appeals, Fourth Circuit.

Decided February 19, 1981.

Attorney(s) appearing for the Case

George Hunter McMaster, Columbia, S. C. (Tompkins, McMaster & Thomas, Columbia, S. C., on brief), for appellants.

J. Randolph Pelzer, Pelzer & Chard, P. A., North Charleston, S. C. (Frank L. Skillern, Jr., Myers N. Fisher, Carroll R. Shifflett, Washington, D. C., Legal Division, Federal Deposit Ins. Corp., on brief), for appellee.

Before BRYAN, Senior Circuit Judge, HALL and PHILLIPS, Circuit Judges.

PER CURIAM:

The Federal Deposit Insurance Corporation (FDIC) brought this action to collect on a promissory note, in the principal amount of approximately $34,340.00, originally given by appellant S. N. Aroneck to American Bank & Trust (AB&T) to finance Aroneck's purchase of shares of stock in AB&T's parent corporation, American Bank and Trust Shares, Inc. (ABTS). Aroneck counterclaimed, alleging that he was not liable on the note because it was an integral...

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