Citizens National Bank v. E. H. Bilowich Construction Corp.

HESTER, Judge:

E. H. Bilowich Construction Corporation (hereinafter “Corporation”) was incorporated in 1969 and is solely owned by Edward H. Bilowich, President. Shirley Bilowich, his wife, is the secretary of the Corporation. Beginning in 1971, the Corporation conducted its banking business with the Citizens National Bank of Evans City (hereinafter “Citizens”). Between 1971 and 1974 the Corporation had a line of credit with Citizens in varying amounts with the largest line being $150,000.00.

In 1973, Citizens’ loan officer in charge of the Bilowich account was James Streily. Thereafter, Mr.…