Bowers v. Today's Bank

Ray, Judge.

*615 Peter M. Bowers ("Guarantor") appeals from a trial court order granting summary judgment to Today's Bank (f/k/a First State Bank of Northwest Arkansas), denying summary judgment to him, and finding him personally liable as guarantor on a $4.96 million loan. Guarantor contends, inter alia, that the trial court erred in holding that he became personally liable as guarantor when the property securing the loan became an asset in a receivership proceeding. For the following reasons, we reverse.

"We review the denial or grant of summary judgment de novo to determine whether there exists…