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WEST BRANCH STATE BANK v. GATES

No. 90-579.

477 N.W.2d 848 (1991)

WEST BRANCH STATE BANK, Appellant, v. Ferral L. GATES, Brenda Lee Gates, Appellees, and Darrell H. Roegler, Florine G. Roegler, Paul B. Gilbaugh and Mildred L. Gilbaugh, Defendants.

Supreme Court of Iowa.

November 20, 1991.

Attorney(s) appearing for the Case

Richard K. Updegraff and Jill Thompson Hansen of Brown, Winick, Graves, Donnelly, Baskerville & Schoenebaum, Des Moines, for appellant.

Peter C. Riley of Tom Riley Law Firm, P.C., Cedar Rapids, and Robert L. Horak of Horak & Rasmussen, Jefferson, for appellees.

Considered by McGIVERIN, C.J., and HARRIS, CARTER, NEUMAN and ANDREASEN, JJ.

ANDREASEN, Justice.

In this foreclosure action, we review the financial transactions between the creditor, West Branch State Bank (bank) and the debtors, Ferral and Brenda Gates. Also involved in the factual background of this suit is Ferral's brother, Gale Gates. Gale owned and operated an elevator known as Gates Grain Company, Ltd. (Grain Co.). Ferral owned and operated a trucking business. Both Ferral and Gale and their...

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