MORGANTOWN – A woman is suing United Bank after she claims it was negligent and breached its contract with her.
On June 9, 2011, CENTRA Bank entered into a commercial loan agreement with Mitch Brozik and took a promissory note from him for a loan of $450,000, according to a complaint filed in Monongalia Circuit Court.
Betty J. Parmer claims the following day, CENTRA took an assignment of certificate of deposit/share certificate from her in order to secure the loan made by Brozik,
The action of CENTRA in taking an assignment of a certificate of deposit/share certificate from Parmer to secure the loan to Brozik made her a surety, according to the suit.
At the time that CENTRA took an assignment of a certificate of deposit/share certificate from Parmer it had knowledge of certain facts concerning Brozik, his history of repayment of loans, his debt and/or obligations and other financial acitivies and/or habits that were pertinent to the decision of a person or entity to loan money to or act as a surety for him, according to the suit.
Parmer claims CENTRA failed to communicate the knowledge and/or facts it had about Brozik to her and Brozik failed to make payments on the loan and the loan was in default.
On March 24, 2016, United Bank, which was formerly known as CENTRA, took from Parmer her $450,000 certificate of deposit, along with all accrued interest that had been assigned to CENTRA as security for the loan to Brozik, according to the suit.
Parmer claims United Bank was negligent and breached its duties owed to her.
United Bank has taken valuable assets of Parmer and exercised dominion and control over her assets without any legal right to do so, according to the suit.
Parmer claims United Bank converted her assets without any legal right to do so.
Parmer is seeking compensatory damages. She is represented by S. Sean Murphy.
Monongalia Circuit Court case number: 18-C-137
