Johnson v. Citizens & Southern Bank

Birdsong, Judge.

Appellant Johnson brings this appeal from the grant of summary judgment in favor of the Citizens & Southern Bank. The case arose out of a promissory note given by Johnson and the other original defendant, Delk, to one Peek in the amount of $50,000. Peek, during other financial transactions with C & S Bank, transferred the Johnson-Delk note to the bank as collateral or security for an unrelated $20,000 note between Peek and the bank. The bank advanced the $20,000 to Peek. Subsequently, the $50,000 note came into default and C & S made demand upon Delk and Johnson. Delk entered…