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FORT MADISON SAV. & LOAN v. MARION COUNTY, ETC.

No. 2-65224.

310 N.W.2d 545 (1981)

FORT MADISON SAVINGS & LOAN, An Iowa Corporation, Plaintiff-Appellee, v. MARION COUNTY SAVINGS & LOAN, An Iowa Corporation, Defendant-Appellant.

Court of Appeals of Iowa.

June 30, 1981.

Attorney(s) appearing for the Case

William J. Lillis and Eugene E. Olson of Connolly, O'Malley, Lillis & Hansen, Des Moines, and James V. Hicks, Knoxville, for defendant-appellant.

Thomas T. Skewes and Michael M. Phelan of Johnson, Phelan & Skewes, Fort Madison, for plaintiff-appellee.

Heard by OXBERGER, C. J., and DONIELSON, SNELL, CARTER and JOHNSON, JJ.

PER CURIAM.

Defendant, a savings and loan association, appeals from a money judgment rendered against it in an action brought by plaintiff, a savings and loan association. The action is at law and is founded on duties and responsibilities of defendant alleged to flow from a participation agreement in which both parties and other savings and loan associations loaned money for a motel operation in Newton, Iowa. Defendant was the so-called "lead lender" with the primary...

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