FIRST NAT. BANK IN STAUNTON v. McBride Chevrolet, Inc.

Plaintiff First National Bank in Staunton (Bank) brought an action to foreclose upon loans made to defendant McBride Chevrolet, Inc., and mortgages and personal guarantees executed by defendants John Michael McBride and Verda McBride (McBrides) to secure the corporation’s loans. Defendants filed counterclaims and affirmative defenses alleging the collapse of the corporate business, and resulting defaults on the notes and mortgages, was caused by the wrongful acts of the Bank returning a check from the defendant corporation due to insufficient funds, when one of plaintiffs officers had told…