Roanoke Times Copyright (c) 1995, Landmark Communications, Inc. DATE: FRIDAY, April 12, 1991 TAG: 9104120543 SECTION: CURRENT PAGE: NRV3 EDITION: NEW RIVER VALLEY SOURCE: DATELINE: CHRISTIANSBURG LENGTH: Short
The suit, filed in Montgomery County Circuit Court April 9, also names Price's wife, Peggy.
Dominion lent the Prices $42,000, according to the court papers. The bank also is seeking interest and attorney's fees. Price, owner of Price Real Estate, is the developer of the South Park commercial complex and owner of the Holiday Inn, both in Blacksburg.
Last month, the federal Resolution Trust Corp. filed three judgments against Price and other actions totaling nearly $900,000. The money is the balance on loans from CorEast Bank in 1988. The federal agency took over CorEast after determining the bank had insufficient funds to operate soundly.
by CNB