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TOWN BANK v. CITY REAL ESTATE DEVELOPMENT

No. 2008AP1845.

777 N.W.2d 98 (2009)

2009 WI App 160

TOWN BANK, A Wisconsin Banking Corporation, Plaintiff-Appellant, v. CITY REAL ESTATE DEVELOPMENT, LLC, Defendant-Respondent.

Court of Appeals of Wisconsin.

Opinion Filed October 28, 2009.

Attorney(s) appearing for the Case

On behalf of the plaintiff-appellant, the cause was submitted on the briefs of Paul R. Erickson and Kari H. Race of Gutglass, Erickson, Bonville & Larson, S.C., Milwaukee.

On behalf of the defendant-respondent, the cause was submitted on the brief of Thad W. Jelinske, Jennifer S. Walther, and Michael J. Anderson of Mawicke & Goisman, S.C., Milwaukee.

Before NEUBAUER, P.J., ANDERSON and BRENNAN, JJ.

¶ 1 ANDERSON, J.

Town Bank, A Wisconsin Banking Corporation, filed a complaint for declaratory relief against City Real Estate Development, LLC (CRED) asking the trial court to grant declaratory relief and find that the parties entered into a stand-alone $2.5 million loan and that Town Bank fully performed its obligations under that loan. Town Bank moved the trial court to grant summary judgment on its complaint and for dismissal of CRED's counterclaims on the...

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