Madison - St. Clair Record

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Bank of Edwardsville sues borrower for failure to pay

By Michael Abella | Jan 31, 2017

EDWARDSVILLE — The Bank of Edwardsville is suing a borrower for failing to pay off a loan.

The Bank of Edwardsville filed a complaint on Jan. 23, in the Madison County Circuit Court against Gordon Investment Group LLC, alleging the borrower failed to perform its obligations under the note and other loan agreements.

According to the complaint, the Bank of Edwardsville alleges that on Aug. 8, 2014, it made a loan to Gordon in the principal amount of $15,000. Subsequently, the parties executed a change in agreement on Aug. 8, 2015, to extend the note's maturity to Aug. 8, 2016.

The plaintiff alleges the defendant failed to make payments when due and failed to pay the note in full upon maturity.

The plaintiff requests a trial by jury and seeks judgment against the defendant in the amount of $15,444.66 plus interest, late fees, and other charges, attorney's fees, costs and all other relief as the court deems just and proper.

It is represented by Larry E. Parres of Lewis Rice LLC in St, Louis.

Madison County Circuit Court case number 17-L-99

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