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DENTON v. FIRST INTERSTATE BANK OF COMMERCE

No. 05-215.

142 P.3d 797 (2006)

2006 MT 193

333 Mont. 169

Mark DENTON and Verna R. Denton, Plaintiffs and Appellants, v. FIRST INTERSTATE BANK OF COMMERCE, n/k/a First Interstate Bank, Defendant and Respondent.

Supreme Court of Montana.

Decided August 22, 2006.

Attorney(s) appearing for the Case

For Appellants: P. Mars Scott, Ryan A. Harrington, P. Mars Scott Law Offices, Missoula, Montana.

For Respondent: David B. Cotner, Datsopoulos, MacDonald & Lind, P.C., Missoula, Montana.

Justice PATRICIA O. COTTER delivered the Opinion of the Court.

¶ 1 Mark Denton (Denton) co-signed a $101,250.00 loan (Denton loan) that the First Interstate Bank (FIB or the Bank) issued to his friend Eric "Ole" Anderson. On his own, Anderson obtained a $260,000.00 Small Business Administration loan (SBA loan) from FIB at the same time. The purpose of both loans was to purchase logging equipment with which Anderson could start a business.

¶ 2 Anderson...

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