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IRONS v. COMMUNITY STATE BANK

No. 89-795.

461 N.W.2d 849 (1990)

Craig A. IRONS and Kathryn S. Irons, Appellees/Cross-Appellants, v. COMMUNITY STATE BANK, Appellant/Cross-Appellee.

Court of Appeals of Iowa.

August 30, 1990.

Attorney(s) appearing for the Case

Donald G. Thompson and Dean A. Spina of Bradley & Riley, P.C., Cedar Rapids, for appellant.

James W. Hall, P.C., Cedar Rapids, for appellees.

Heard by OXBERGER, C.J., and HAYDEN and SACKETT, JJ.

OXBERGER, Chief Judge.

Craig and Kathryn Irons farm. The Irons had been customers of Community State Bank (bank) for several years and had obtained numerous loans from the bank. In 1985, the bank refused to advance loans for the 1985 crop year. It consolidated the Irons' outstanding loans into one $212,000 note. The bank recommended the Irons seek financing from the Farmers Home Administration (FmHA). The Irons began borrowing money from the FmHA, using part of the...

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