MYERS v. FIRST STATE BANK OF SHERWOOD

No. 87-31.

732 S.W.2d 459 (1987)

293 Ark. 82

Johnnie MYERS, Appellant, v. FIRST STATE BANK OF SHERWOOD, Appellee.

Supreme Court of Arkansas.

July 20, 1987.


Attorney(s) appearing for the Case

Daggett, Van Dover, Donovan & Cahoon by Jesse B. Daggett, Marianna, for appellant.

Gruber Law Office by Rita W. Gruber, N. Little Rock, for appellee.


HOLT, Chief Justice.

Johnnie Myers, appellant, argues that he should have been discharged from liability as a guarantor of notes held by First State Bank of Sherwood, appellee, to the extent that First State Bank unjustifiably impaired the collateral securing those notes. We disagree and affirm.

First State Bank (FSB), made several loans, evidenced by promissory notes, to Mary Myers and Commercial Insurance Specialists, Inc. (CISI). Mary was the president...

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