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FIRST NAT. BANK v. INTERMOUNTAIN BANCORPORATION

No. CV 86-51-M-RES.

662 F.Supp. 213 (1987)

The FIRST NATIONAL BANK OF SAINT PAUL, Plaintiff, v. INTERMOUNTAIN BANCORPORATION, INC., and James G. Edmiston, Defendants.

United States District Court, D. Montana, Missoula Division.

June 15, 1987.

Attorney(s) appearing for the Case

Donald C. Robinson, Poore, Roth & Robinson, Butte, Mont., Edward Glennon, Lindquist & Vennum, Minneapolis, Minn., for plaintiff.

Moses Law Firm, Charles Moses, Billings, Mont., for defendants.

ORDER

RUSSELL E. SMITH, District Judge.

The court has diversity jurisdiction.

On January 25, 1982, Intermountain Bancorporation (Intermountain) borrowed $3,400,000 from the First National Bank of Saint Paul (Bank), and as evidence thereof, signed a promissory note due on demand with interest payable semiannually. The note among other things provided that in the event of default of any payment of interest, or if the holder deems itself insecure, the...

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