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BANCORPSOUTH BANK v. SHIELDS

No. 11-500.

385 S.W.3d 805 (2011)

2011 Ark. 503

BANCORPSOUTH BANK, Appellant, v. Gene SHIELDS, Appellee.

Supreme Court of Arkansas.

December 1, 2011.

Attorney(s) appearing for the Case

Gary Ray Burbank, El Dorado, for appellant.

Ian W. Vickery, El Dorado, for appellant.

ROBERT L. BROWN, Justice.

This appeal originates from a banking dispute between the appellant, BancorpSouth Bank (Bancorp), and the appellee, Gene Shields (Shields). In February 1982, Shields, an agent for the State Farm Insurance Companies (State Farm), opened an account at the First National Bank of El Dorado (First National Bank), which was the predecessor bank for Bancorp. That account, known as the premium-fund account, was owned by State Farm. The purpose of...

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