FEDERAL DEPOSIT INS. CORP. v. CHANEY

No. 47178.

19 Ohio App. 3d 277 (1984)

FEDERAL DEPOSIT INSURANCE CORPORATION, APPELLANT, v. CHANEY, APPELLEE.

Court of Appeals of Ohio, Cuyahoga County.

Decided July 10, 1984.


Attorney(s) appearing for the Case

Robin G. Weaver, for appellant.

Ebert Weidner and John A. Hallbauer, for appellee.


JACKSON, P.J.

The F.D.I.C. (Federal Deposit Insurance Corporation) appeals from a judgment finding appellee, E. Bruce Chaney, not liable on two negotiable notes issued by him to the now-defunct Northern Ohio Bank (N.O.B.), following trial by jury.

In September 1974, appellee issued the first note, in the amount of $140,000, to N.O.B. in return for either 3,200 or 3,600 shares of stock in Great Lakes Bancshares, Inc., a company formed to acquire stock in other...

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