Mountain Federal Land Bank v. First Union National Bank

GREENE, Judge.

Defendant appeals the trial court’s entry of summary judgment for plaintiffs in plaintiffs’ action to recover $108,000.00 plus interest, pursuant to a written contract.

Defendant First Union National Bank (“First Union”) is a North Carolina bank. Plaintiff Mountain Federal Land Bank (“Mountain Federal”) is a federal bank doing business in North Carolina, and successor to Federal Land Bank of Columbia. Plaintiff South Atlantic Production Credit Association (“Association”) is a corporate successor to Mountain Federal.

This suit involves loans on real property owned by Earl D.…