First National Bank of Tribune v. Lohman

Opinion by

Judge JONES.

In this action to recover the amount due under a promissory note, defendant, Edward V. Lohman, appeals the summary judgment entered in favor of plaintiff, First National Bank of Tribune, Kansas (Bank), in which the trial court determined that the Bank was a holder in due course. We affirm.

The facts are generally not in dispute. Associated Bank Shares Corporation (Associated) and its president, the defendant, entered into an agreement to purchase a majority of the issued corporate stock in the Bank from Colorado Springs Banking Corporation (CSBC). Pursuant to the…