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VANGUARD FSB v. FOXGLOVE VENTURES

No. 5397 of 1988.

1 Pa. D. & C. 4th 1 (1988)

Vanguard Federal Savings Bank v. Foxglove Ventures Inc.

Common Pleas Court of Westmoreland County, Pennsylvania.

December 13, 1988.

Attorney(s) appearing for the Case

William C. Stillwagon, for plaintiff.

Thomas R. Johnson and Suzanne L. DeWalt, for defendants.

ACKERMAN, J., December 13, 1988.

On December 30, 1982, plaintiff, Vanguard Federal Savings Bank, loaned $1.4 million to individual defendant Daniel A. Marino Jr. to develop realty known as the Saybrook Village Plan of Lots, Phase III. Vanguard secured Marino's obligation to repay the loan by obtaining a mortgage on the Saybrook property and a note from Marino. Subsequently, at no. 6683 of 1986 Vanguard confessed...

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