Guaranty Agreement Is Enforceable, Federal Judge Rules

Guaranty Agreement Is Enforceable, Federal Judge Rules

BIRMINGHAM, Ala. - A federal judge in Alabama on Sept. 12 granted summary judgment to Branch Banking & Trust Co. (BB&T), which acquired a commercial loan after the failure of Colonial Bank NA, because there is no issue of material fact regarding a borrower's breach of a guaranty and liability for repayment (Branch Banking & Trust Co. v. Bobby L. Bynum, No. 12-2729, N.D. Ala.; 2013 U.S. Dist. LEXIS 130404).

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