Federal Deposit Insurance v. Hopping Brook Trust

This ease concerns the personal guaranties by James W. Flett and John J. Arno of a loan made to Hopping Brook Trust by the Home National Bank of Milford, Massachusetts. The facts of the ease are clearly set forth in the district court’s opinion, F.D.I.C. v. Hopping Brook Trust, 941 F.Supp. 256 (D.Mass.1996). Because we believe the district court analyzed the appealed issues correctly, we affirm on the basis of the district court’s opinion. We add only a few paragraphs for clarification.

Flett and Arno premise their contention that their obligations under the guaranties were discharged on three…