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CLINTON FED. S&L v. IOWA-DES MOINES NAT. BANK

No. 90-1411.

473 N.W.2d 239 (1991)

CLINTON FEDERAL SAVINGS & LOAN ASSOCIATION, Pioneer Federal Savings & Loan Association, Mississippi Valley Savings & Loan Association, Peoples Savings & Loan Association, Independence Federal Savings & Loan Association, First Federal Savings & Loan Association of Carroll, and Northwest Federal Savings & Loan Association of Spencer, Appellants, v. IOWA-DES MOINES NATIONAL BANK n/k/a Norwest Bank N.A., Appellee.

Court of Appeals of Iowa.

May 29, 1991.

Attorney(s) appearing for the Case

Craig D. Warner of Aspelmeier, Fisch, Power, Warner & Engberg, Burlington, for appellants.

Ross H. Sidney, Mark J. Wiedenfeld, and Patrick J. McNulty of Grefe & Sidney, Des Moines, for appellee.

Heard by DONIELSON, P.J., and SCHLEGEL and HAYDEN, JJ.

DONIELSON, Presiding Judge.

This is the third time these parties have come before this court. See Clinton Federal Savings and Loan Ass'n v. Iowa-Des Moines National Bank, 391 N.W.2d 712 (Iowa App.1986) and id., 451 N.W.2d 44 (Iowa App.1989). Their dispute arises out of a loan participation agreement entered into by the parties in which they agreed to loan $2.7 million to a developer. The mechanics of the participation...

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