WEICHERT COMPANY OF VIRGINIA, INC. v. First Commercial Bank

In this case we consider whether the trial court erred in sustaining a plea in bar asserting that a party did not have standing to sue.

Mount Vernon Realty, Inc. (Mount Vernon) was indebted to First Commercial Bank (the bank) pursuant to a “revolving” promissory note. To satisfy that debt, the bank debited an escrow checking account that Mount Vernon had maintained at the bank. Weichert Company of Virginia, Inc. (Weichert) filed a motion for judgment against the bank alleging that, prior to the bank’s action, it had acquired assets of Mount Vernon including the escrow checking account and,…