Stedry v. Summit National Bank

McMurray, Presiding Judge.

M. B. Fred Stedry and his closely held corporations, Investguard, Ltd. (“Investguard”) and SOS Holdings, Inc. (“SOS”), brought this wrongful foreclosure action against Summit National Bank (“Summit”), successor of Vinings Bank & Trust, N.A. (“Vinings Bank”), and Andjar, Inc. (“Andjar”) and Travelbank, Inc. (“Travelbank”), successive assignees of two promissory notes and accompanying security deeds from Investguard and SOS to Stedry (“the commercial paper”) which Stedry pledged as collateral during several loan transactions with Vinings Bank. While Stedry’s claim is…