HUNTINGTON — A Kentucky bank is suing a borrower and guarantors, alleging breach of a business loan agreement.

Citizens Bank Kentucky filed a complaint April 17 in U.S. District Court for the Southern District of West Virginia Huntington Division against The Oaks LLC, Thomas A. Zamow and Joe C. Ferrell, alleging they failed to honor their obligations under the contract and owe nearly $300,000.

According to the complaint, on June 3, 2009, Citizens Bank provided a loan to defendants in the principal amount of $350,385. To date, the suit says,  the principal balance of $289,927.84 remains due and owing. 

The plaintiff alleges the defendants have failed and refused to make payments for the amount.

Citizens Bank Kentucky seeks trial by jury, judgment for $289,927.84, plus interest and all other charges pursuant to the contract, attorney fees and court costs, plus all other appropriate relief. It is represented by attorneys Ryan Q. Ashworth and S. Taylor Hood of Offutt Nord Burchett PLLC in Huntington.

U.S. District Court for the Southern District of West Virginia Huntington Division Case number 2:17-cv-02364

Want to get notified whenever we write about any of these organizations ?
Next time we write about any of these organizations, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

U.S. District Court for the Southern District of West Virginia Huntington Division
845 5th Avenue
Huntington, WV 25701

Offutt Nord Burchett PLLC
949 3rd Avenue
Huntington, WV 25701

Citizens Bank Kentucky
Paintsville, KY, United States
Paintsville, KY

The Oaks LLC
369 George Kostas Drive
Logan, WV 25601

More News