First National Bank of Denver v. Cillessen

VAN CISE, Judge.

Plaintiff, the First National Bank of Denver (the bank), appeals the judgment, entered at the close of its case in a trial to the court, dismissing all of its claims for recovery of deficiencies on four promissory notes after foreclosure and sale of collateral. We affirm in part and reverse in part.

All notes were corporate obligations. One note was executed by Summit Concrete Co. (Summit Concrete) and was co-signed by both defendants. The other three notes were executed by BDF Construction Corp. (BDF) and were co-signed by defendant T. C. Cillessen only. All were secured by…