Undem v. First National Bank

Judith Rogers, Judge.

Obert M. Undem appeals from a summary judgment for appellee, First National Bank of Spring-dale, in an action on a promissory note. We agree with appellant that genuine issues of material fact remained to be tried, and reverse and remand.

On May 22, 1989, Joe B. Morris, Sr., C. Thomas Pearson, Jr., Floyd Harris, George Williams, Marjorie Niblock, Vincent Morris, and appellant signed a promissory note in the amount of $250,000.00 to appellee. This note stated that the loan’s purpose was to benefit the holding company of Northwest National Bank and had a maturity date of…