Farmers Bank & Trust Co. of Georgetown v. Willmott Hardwoods, Inc.

GRAVES, Justice.

This case involves various claims against Farmers Bank and Trust Company (hereinafter “Farmers”), Appellant, for a breach of promise to make a loan. The Scott Circuit Court granted a summary judgment to Farmers. The Court of Appeals reversed the circuit court. We reinstate the judgment of the circuit court.

Appellee (hereinafter ‘Willmott”) operates a logging business, Willmott Hardwoods, Inc., the sole owner being John Willmott. The facts of the case are as follows. Willmott had an outstanding loan with Fifth Third Bank. As security for the loan, Willmott gave Fifth Third a…