McIntyre Elec. Service v. Southtrust Bank of Mobile

This appeal arises from a summary judgment for counter-defendant bank on a counterclaim seeking damages for fraud. SouthTrust Bank of Mobile sued McIntyre Electric Service, Inc., (McIntyre Electric) and D.E. McIntyre for sums due on various notes. McIntyre Electric and McIntyre counterclaimed, alleging that SouthTrust, through its agent Rick L. Chastain, misrepresented that it would "stand behind McIntyre financially in order that McIntyre Electric might reach financial stability." The counterclaim alleges that SouthTrust's actions of May 20, 1983, in calling in its loans, asking McIntyre…