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CommunityBank of Texas sues for payment on $500K loan

SOUTHEAST TEXAS RECORD

Friday, November 22, 2024

CommunityBank of Texas sues for payment on $500K loan

Community bank 150x150

A Texas bank has filed suit against another company it claims has not paid loans as promised.


CommunityBank of Texas filed a lawsuit in the Jefferson County Circuit Court against Emersen Enclave Development Co. LLC and Eddie Seniguar, citing breach of contract.

According to the complaint, the defendant Emersen Enclave borrowed money from the plaintiff in the amount of $1,325,900 and defendant Seniguar cosigned for the promissory notes.

According to the brief, the defendants have not paid the notes according to the terms of the agreement and still owe $514,285.58.

In addition to the money it claims it is owed, CommunityBank is seeking interest, attorney fees, court costs and other relief the court deems just.

They are being represented by Port Arthur attorney Glenn H. Steele Jr. of McPherson, Hughes, Bradley, Wimberley, Steele and Chatelain.

Jefferson County Circuit Court case number E195-469

 

This is a report on a civil lawsuit filed at Jefferson County Circuit Court. The details in this report come from an original complaint filed by a plaintiff. Please note that a complaint represents an accusation by a private individual, not the government. It is not an indication of guilt, and it represents only one side of the story.

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