Simmons v. Regions Bank

Eldridge, Judge.

In June 1999, appellee-plaintiff Regions Bank, Georgia (the “Bank”), successor in interest to Etowah Bank, 1 brought suit in the Superior Court of Paulding County on a promissory note against appellant-defendant E. E. Simmons seeking principal in the amount of $1,485,038.80, plus interest and attorney fees. Simmons timely filed his answer and counterclaim, denying that he owed the principal and interest which the Bank claimed, and alleging that the Bank had refused to honor verbal agreements to extend the amortization schedule on the loan thereby lowering his monthly payments…