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ARLINGTON STATE BANK v. COLVIN

No. 24A01-8901-CV-28.

545 N.E.2d 572 (1989)

ARLINGTON STATE BANK, Appellant-Defendant, v. Glen R. COLVIN and Carolyn Sue Colvin, Appellees-Plaintiffs.

Court of Appeals of Indiana, First District.

Rehearing Denied November 22, 1989.

Attorney(s) appearing for the Case

Thomas A. Withrow, Jeffery J. Neal, Henderson, Daily, Withrow & DeVoe, Indianapolis, David P. Barrett, Brookville, for appellant-defendant.

J. Lee McNeely, Mark W. McNeely, Stephen E. Schrumpf, McNeely, Sanders, Stephenson & Thopy, Shelbyville, for appellees-plaintiffs.

RATLIFF, Chief Judge.

STATEMENT OF THE CASE

Arlington State Bank appeals from a judgment awarding Glen R. Colvin and Carolyn Sue Colvin $35,000 compensatory damages and $100,000 punitive damages because of the Arlington State Bank's Breach of an Agreed Judgment between the bank and the Colvins. We affirm, but reduce the amount of damages.

FACTS

On or about May 4, 1984, Arlington State Bank (Bank) initiated a lawsuit against Glen R. and...

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