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MARINE NATIONAL BANK v. AIRCO, INC.

Civ. A. No. 73-67 Erie.

389 F.Supp. 231 (1975)

MARINE NATIONAL BANK, Plaintiff, v. AIRCO, INC., Defendant and Third-Party Plaintiff, v. CRANEWAYS, INC., a corporation, and Robert H. Beals, an Individual, Third-Party Defendants.

United States District Court, W. D. Pennsylvania.

As Amended March 7, 1975.

Attorney(s) appearing for the Case

Vedder J. White, Erie, Pa., for plaintiff.

John T. Tierney, III, Pittsburgh, Pa., for defendant.

OPINION

WEBER, District Judge.

We have cross-motions for Summary Judgment from plaintiff and original defendant based on the same set of facts. The entry of Summary Judgment as a matter of law is proper.

On February 27, 1970, Marine National Bank (Bank) loaned $15,000 to Craneways, Inc. In May of 1970, a second loan for $15,000 was made. On October 13, 1970, Bank made another loan to Craneways, this time of $3,500 and took back a security agreement...

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