Doyle v. Oregon Bank

Plaintiffs brought this breach of contract action against defendants The Oregon Bank and Security Bank. Plaintiffs claim that The Oregon Bank breached its promise to lend money to two of the plaintiffs, James Doyle (Doyle) and Riverside Forest Products, Inc. (Riverside). The loan agreement contained a condition precedent that Security Bank subordinate some of its security interests in plaintiffs’ property to The Oregon Bank. Plaintiffs’ claim against Security Bank is based on Security Bank’s alleged breach of its promise to subordinate those security interests. The trial court, on defendants’…