Resolution Trust Corp. v. Bildman

MEMORANDUM AND OPINION

REVERCOMB, District Judge.

This suit was originally instigated by Trustbank Savings, F.S.B. (“Trustbank”), formerly Dominion Federal Savings and Loan Association, to seek redress for the defendants’ alleged breach of guaranty contract. Subsequently, the Resolution Trust Corporation (“RTC”) was substituted as plaintiff in its capacity as conservator for Trustbank. The parties have filed cross motions for summary judgment, and oral argument was held June 21, 1991.

I. FACTS

On December 26, 1986, the defendants, Arthur S. Bildman and Faye S. Bildman, became guarantors of a…