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FISHER v. STEELVILLE COMMUNITY BANC-SHARES

No. 14175.

713 S.W.2d 850 (1986)

Paul FISHER, Plaintiff-Appellant, v. STEELVILLE COMMUNITY BANC-SHARES, INC., and First Community National Bank of Crawford County, Defendants-Respondents.

Missouri Court of Appeals, Southern District, Division Two.

Rehearing Denied August 11, 1986.

Attorney(s) appearing for the Case

Donald S. Hilleary, Clayton, for plaintiff-appellant.

R. Brooks Kenagy, Beckham, Hale, Howald & Kenagy, Steelville, John H. Quinn, III, Armstrong, Teasdale, Kramer & Vaughan, St. Louis, for defendants-respondents.

MAUS, Judge.

In this action a minority shareholder in a state bank seeks to recover actual and punitive damages from the majority shareholder. The state bank was merged with a national "phantom bank" in which a bank holding company is the sole shareholder. The bank holding company was also the majority shareholder in the state bank and is the principal defendant. The national bank is an added defendant. The trial court sustained the defendants' motion to dismiss the...

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