Stenberg v. Northwestern National Bank of Rochester

Plaintiffs appeal from summary judgment for defendant bank and its defendant officer granted in the Olmsted County District Court. We affirm.

Plaintiffs owned a wood products company and commenced banking relationships with defendants in 1963. Within a short time thereafter, plaintiffs’ work orders had so increased they considered expansion of production facilities and were encouraged to do so by defendants, who offered plaintiffs an open line of credit in the form of short-term notes. These notes were renewed from time to time. Plaintiffs were also given privileges of overdrafts on their…