Merchants Bank & Trust Co. v. Five Star Financial Corp.

Fischer, Judge.

{¶ 1} Five Star Financial Corporation and its president, Steven Winter, appeal a decision of the Hamilton County Court of Common Pleas that denied their motions to vacate a cognovit judgment entered in favor of Merchants Bank & Trust Company. For the following reasons, we affirm.

Factual Background and Procedural Posture

{¶ 2} On October 25, 2004, Five Star and Merchants Bank entered into a credit and security agreement. As part of that agreement, Five Star executed a promissory note in favor of Merchants Bank for a $2,000,000 line of credit. Under the note, the unpaid principal…