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FIRST STATE BANK & TRUST CO. OF VALDOSTA v. McIVER

Civ. A. No. 87-14-VAL (WDO).

698 F.Supp. 232 (1988)

FIRST STATE BANK & TRUST CO. OF VALDOSTA, et al. v. Bruce McIVER, Defendant.

United States District Court, M.D. Georgia, Valdosta Division.

October 31, 1988.

Attorney(s) appearing for the Case

W.L. Miller, Valdosta, Ga., for plaintiffs.

William E. Whitlock, III, Tallahassee, Fla., for defendant.

ORDER

OWENS, Chief Judge.

In this civil action commenced March 11, 1987, First State Bank & Trust Company of Valdosta, Georgia (First State Bank) and Fidelity & Deposit Company of Maryland (Fidelity & Deposit) sued defendant Bruce McIver for payment of Mr. McIver's July 1, 1977, $100,000.00 promissory note due July 1, 1978, to First State Bank. The collateral for Mr. McIver's note was a July 1, 1977, letter of credit issued by First Bank of Holmes...

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