Calosso v. First National Bank of Pompano Beach

Appellant Henry Calosso, plaintiff below, brought suit against First National Bank of Pompano Beach, Florida, for damages claimed as a result of the bank’s breach of an alleged agreement to lend money.

It was alleged that the defendant bank had agreed to make a loan to the plaintiff to complete a certain business deal undertaken by the latter, but that the bank refused the loan just’prior to the date scheduled for consummation of plaintiff’s deal. The reason assigned for such refusal was that the contemplated loan did not qualify under banking regulations. The plaintiff alleged that due to the…