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COUNTRY CORNER FOOD AND DRUG, INC. v. FIRST STATE BANK AND TRUST CO OF CONWAY

No. 97-608.

966 S.W.2d 894 (1998)

332 Ark. 645

COUNTRY CORNER FOOD AND DRUG, INC., Appellant, v. FIRST STATE BANK AND TRUST COMPANY OF CONWAY, ARKANSAS, Tommy Watson and Virgil C. Shannon, Appellees.

Supreme Court of Arkansas.

April 23, 1998.

Attorney(s) appearing for the Case

Alex G. Streett, James V. Coutts, Russellville, for Appellant.

William C. Adkisson, Matthew W. Adlong, Conway, for Appellee.

BROWN, Justice.

This case arises out of a business loan for operating capital made by appellee First State Bank and Trust Company of Conway, Arkansas (Bank) to appellant Country Corner Food and Drug, Inc. (Country Corner). In 1987, Charles Pitman and Douglas Horton and appellees Tommy Watson and Virgil C. Shannon were all shareholders in two corporations. The corporations owned and operated two grocery stores named Perry...

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