First Bank of WaKeeney v. Peoples State Bank

Kennedy, J.:

First Bank of WaKeeney (First Bank) appeals from a judgment interpreting four loan participation certificates.

On May 10, 1982, First Bank signed three certificates of participation contributing to three loans made by Peoples State Bank of Sharon Springs (Peoples) to Sand Creek Farms. On March 31, 1983, First Bank signed four certificates of participation which represented renewals of the 1982 loans. The trial court found First Bank’s total participation in the four loans amounted to $144,763.83. First National Bank of Goodland also participated in all of these loans. All of the…