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STATE EXCHANGE BANK OF CULVER v. TEAGUE

No. 3-984A254.

495 N.E.2d 262 (1986)

The STATE EXCHANGE BANK OF CULVER, Indiana, Defendant-Appellant, v. Ernest E. TEAGUE and Bertha Teague, Plaintiffs-Appellees.

Court of Appeals of Indiana, Third District.

July 24, 1986.

Attorney(s) appearing for the Case

William L. Fortin, Stevens, Travis, Fortin, Lukenbill & Burbrink, Plymouth, Anthony W. Mommer, Kevin A. Hoover, Krieg DeVault Alexander & Capehart, Indianapolis, for defendant-appellant.

Tony H. Abbott, Foley & Abbott, Indianapolis, for plaintiffs-appellees.

GARRARD, Judge.

Ernest and Bertha Teague (Teagues) brought this action against the State Exchange Bank of Culver, Indiana (Bank) and others,1 seeking compensatory and punitive damages stemming from a grossly mishandled repossession which had been initiated by the Bank.

From May of 1973 through July of 1974, the Bank made several loans to the Teagues to be invested in the Teagues' farming operation. The last of these loans was given...

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