First Midwest Bank v. Thunder Road, Inc.

Plaintiff, First Midwest Bank, filed a complaint against defendants, Thunder Road, Inc., Todd Carter, Dale Siefker, and Billie Pence seeking $140,289.62. A default judgment was entered against Thunder Road and Carter. Subsequently, Pence filed a summary judgment motion which the trial court granted. First Midwest Bank (FMB) appeals the trial court’s summary judgment in Pence’s favor.

BACKGROUND

FMB issued three loans to Thunder Road. The first loan, in the amount of $460,000, was issued on June 9, 1999. The second loan, in the amount of $75,000, was issued on January 29, 2002. The second loan…