Loan borrower allegedly failed to make monthly payments

By Noddy A. Fernandez | Jul 10, 2018

WINFIELD — A national banking association is suing customers, alleging refusal to apply payments of nearly $160,000.

City National Bank of West Virginia filed a complaint in Putnam Circuit Court against Premiere Enterprises, LLC and Dennis Kyle, alleging the customers defaulted under the terms and provisions of the promissory note by failing to make payments owed the bank.

According to the complaint, on April 9, 2008, City National Bank of West Virginia entered into a "lender" and "borrower" agreement where CNB loaned loan the principal amount of $232,000 to Premiere, which would start making monthly payments beginning May 9, 2008. However, the bank says, despite promises of monthly payments, the defendants defaulted payments, plus interest on each day that the note remains unpaid. 

The plaintiff alleges Premiere Enterprises and Kyle have failed to pay to CNB the full amount due and payable pursuant to the note when the amount became due and payable.

City National Bank of West Virginia seeks trial by jury, payment of $159,057.53, plus any interest accrued, pre- and post-judgment interest, cost of action, attorney fees, and all other appropriate relief. It is represented by attorney Peter J. Raupp of Steptoe & Johnson PLLC in Charleston.

Putnam Circuit Court case number 18-C-103

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Putnam Circuit Court Steptoe and Johnson LLP

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