National City Bank v. Strong Bros. Enterprises, Inc.

KIRSHBAUM, Judge.

' Defendant, Strong Bros. Enterprises, Inc., (the Company) appeals the trial court’s judgment awarding certain proceeds from several insurance policies held by National City Bank (the Bank) to defendant, the Estate of Frank A. Strong, Jr. (the Estate). We affirm.

This interpleader action was tried upon the following stipulated facts. On November 4, 1975, the Company became indebted to the Bank in the total amount of $446,-830.05. As a condition of the loan, the Bank obtained personal guarantees of the loan from Frank A. Strong, Jr., (decedent) and his brother, the two…