Western Pennsylvania National Bank v. Peoples Union Bank & Trust Co.

Opinion by

Mr. Justice Boberts,

Stephen and Elizabeth Orlando and a group of people interested in the financial health of the Little Miss Canning Company entered into an agreement with the Western Pennsylvania National Bank in 1966 in which WPNB agreed to lend the corporation substantial sums *306of money if the principals involved would agree to be personally liable on the loans. The Orlandos gave WPNB their judgment note to this effect.

A year later, in January of 1967, the Orlandos and several others borrowed $75,000 from the Peoples Union Bank and Trust Company, and each borrower gave Peoples a…