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BRAYTON CHEMICALS v. FIRST FARMERS STATE BANK, ETC.

No. 81-1545.

671 F.2d 1047 (1982)

BRAYTON CHEMICALS, INC., Plaintiff-Appellee, v. FIRST FARMERS STATE BANK OF MINIER, Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided March 3, 1982.

Attorney(s) appearing for the Case

Harold H. Kuhfuss, Kuhfuss & Kuhfuss, Pekin, Ill., for defendant-appellant.

Gregory Alan Lewis, Moyer & Bergman, Cedar Rapids, Iowa, for plaintiff-appellee.

Before PELL and CUDAHY, Circuit Judges, and GRANT, Senior District Judge.

GRANT, Senior District Judge.

In a two-count complaint filed on July 30, 1979, appellee-plaintiff Brayton Chemicals, Inc. (hereinafter "Brayton") charged appellant-defendant First Farmers State Bank of Minier (hereinafter "First Farmers") with fraud and misrepresentation for failing to disclose material information which it possessed concerning Newell Soil Supplies, Inc. (hereinafter "Newell"), a Brayton customer. Following a bench trial, the district court found...

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