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Legal Opinion

West Branch State Bank v. Gates

Supreme Court of Iowa

Decided November 20, 1991No. 90-579PublishedCited by 17 opinions

1Opinion of the Court

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 busi ness. Both Ferral and Gale and their businesses were customers of the bank.

In 1982, Gale decided to expand the grain storage capacity at the Grain Co. Eventually, Gale decided to construct two 350,-000 bushel…

2Cases cited3 opinions

  1. Johnson v. DodgenSupreme Court of Iowa · 1990
  2. Brenton State Bank of Jefferson v. TiffanySupreme Court of Iowa · 1989
  3. Estate of Grossman v. McCrearySupreme Court of Iowa · 1985

3Cited by17 opinions

  1. State, Department of Human Services Ex Rel. Palmer v. Unisys Corp.Supreme Court of Iowa · 2001
  2. Robert's River Rides, Inc. v. Steamboat Development Corp.Supreme Court of Iowa · 1994
  3. Brown Ex Rel. Rhiner v. KerkhoffDistrict Court, S.D. Iowa · 2007
  4. Helm Financial Corp. v. Iowa Northern Railway Co.District Court, N.D. Iowa · 2002
  5. Webster Industries, Inc. v. Northwood Doors, Inc.District Court, N.D. Iowa · 2004

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