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FIRST NAT. BANK IN STAUNTON v. McBRIDE CHEVROLET, INC.

No. 4-94-0052.

642 N.E.2d 138 (1994)

267 Ill. App.3d 367

204 Ill.Dec. 676

FIRST NATIONAL BANK IN STAUNTON, a banking corporation, Plaintiff-Appellee, v. McBRIDE CHEVROLET, INC., an Illinois corporation; J. Michael McBride; a/k/a John Michael McBride; Verda C. McBride; The Benld Loan Association, Benld, Illinois; National Bank of Mt. Olive, a banking corporation; Boatmen's National Bank of Benld, a banking corporation; Unknown Owners, Transferees and Non-Record Claimants, Defendants-Appellants.

Appellate Court of Illinois, Fourth District.

October 14, 1994.

Attorney(s) appearing for the Case

Mark C. Goldenberg (argued), Elizabeth V. Heller, William A. Kohlburn, Bono, Goldenberg, Hopkins & Bilbrey, P.C., Granite City, for appellant.

Ronald L. Pallmann (argued), Suelthaus & Kaplan, P.C., Belleville, for appellee.

Justice KNECHT delivered the opinion of the court:

Plaintiff First National Bank in Staunton (Bank) brought an action to foreclose upon loans made to defendant McBride Chevrolet, Inc., and mortgages and personal guarantees executed by defendants John Michael McBride and Verda McBride (McBrides) to secure the corporation's loans. Defendants filed counterclaims and affirmative defenses alleging the collapse of the corporate business, and resulting defaults on the notes...

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