Bank of Commerce v. Maryland Financial Bank

Affirmed by unpublished opinion. Judge GIBNEY wrote the opinion, in which Judge MOTZ and Judge FLOYD joined.

Unpublished opinions are not binding precedent in this circuit.

GIBNEY, District Judge:

Bank of Commerce (“Commerce”) and Maryland Financial Bank (“MFB”) disagree about what the word “first” means in a contract, and $227,323.82 hangs in the balance. MFB and Commerce’s predecessor in interest, Bank of the Eastern Shore (“BOES”), entered into a Participation Agreement in which MFB purchased an interest in one of BOES’s loans. When Commerce later foreclosed on the underlying property, it…