Carlson v. First National Bank, Hettinger

BERNDT, Circuit Judge.

Melfred and Kay Carlson (Carlsons) ranched in the Harding County, South Dakota area for many years and had numerous business dealings with First National Bank, Hettinger, North Dakota (Bank) throughout the years. A majority of their ranch financing was negotiated and recommended by Arneil Erlenbusch (Erlenbusch), an experienced Bank officer.

Carlsons had a debt of approximately $200,000 with Bank when they purchased the family ranch owned by Melfred’s mother, Agnes Carlson (Agnes). Agnes is also a party to this lawsuit. On the recommendation of Erlenbusch, Carlsons…