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Tuesday, September 17, 2019

Providence Bank alleges borrowers defaulted

By Michael Abella | Nov 17, 2016

BELLEVILLE — Providence Bank alleges it suffered monetary loss when two defendants failed to make monthly payments.

Providence Bank filed a complaint on Oct. 20 in St. Clair County Circuit Court against Jeffrey and Jacqueline Thomas, alleging that they are in default of a promissory note.

According to the complaint, the plaintiff alleges that as a successor-in-interest, it has suffered monetary losses for not receiving all rents, issues and profits due.

The plaintiff holds the defendants responsible for allegedly defaulting on their obligations to make monthly payments when due.

The plaintiff requests a trial by jury and seeks an order requiring that all rents, issues and profits, including those past due and unpaid, be paid directly to the plaintiff until the borrowers are no longer in default of their obligations under the note, an award for all costs for this action and such other relief as the court deems proper. 

It is represented by Douglas A. Stultz of Mariea, Sigmund & Browning LLC in Jefferson City, Missouri, and Mark M. Silvermintz of Law Offices of Mark M. Silvermintz in Collinsville.

St. Clair County Circuit Court case number 16-L-557

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