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First Bank alleges unpaid loan

By Michael Abella | Dec 1, 2016

BELLEVILLE — A banking corporation is suing borrowers alleging breach of a promissory note and guaranty agreement.

First Bank filed a complaint on Nov. 17 in St. Clair County Circuit Court against CDC Development Co. and guarantor Donald J. Johnson, alleging they failed to perform their contractual obligations.

According to the complaint, the plaintiff alleges that in 2005 and 2006, it loaned funds to the defendants. To date, the total amount of $277,612.41 remains unpaid, the suit claims.

The plaintiff alleges the defendants failed and refused to make any payment on the loan.

The plaintiff requests a trial by jury and seeks judgment in the sum of $277,612.41, plus pre-judgment interest and reasonable attorney's fees and costs.

It is represented by David L. Antognoli of Goldenberg Heller & Antognoli PC in Edwardsville.

St. Clair County Circuit Court case number 16-L-1597

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