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PEOPLES NAT. BANK OF WASHINGTON v. NICHOLS

Civ. Nos. 83-1307-FR, 84-647-FR.

619 F.Supp. 287 (1985)

PEOPLES NATIONAL BANK OF WASHINGTON, a national association; Plaintiff, v. Paul Dean NICHOLS, Sally Nichols, Roger Brinkley, Karen Brinkley, and W. Leigh Campbell, dba Nicabi and N.B. Properties, aka N/B Properties; Defendants. PEOPLES NATIONAL BANK OF WASHINGTON, a national association; Plaintiff, v. Eldon C. EVANS; Defendant.

United States District Court, D. Oregon.

July 10, 1985.

Attorney(s) appearing for the Case

Don H. Marmaduke, Scott G. Seidman, Tonkon, Torp, Galen, Marmaduke & Booth, Portland, Or., for plaintiff.

Eric R. Haessler, Thomas S. Moore, Portland, Or., for defendants.

OPINION

FRYE, Judge:

Plaintiff, Peoples National Bank of Washington (Peoples), brings these consolidated actions to collect on various promissory notes given by defendants to Peoples. Peoples contends that the promissory notes arose out of loans made by Peoples to defendants so that defendants could purchase stock in Willamette Falls State Bank (WFSB).

In their Affirmative Defenses and Counterclaims, defendants allege that the transactions between...

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