TAMPA — A North Carolina-based banking operation is suing a Florida lumber company and three individuals, claiming default on a loan.

Branch Banking and Trust Company is suing Orlando-based Tropical Lumber and Plywood LLC, Michael G. Raddick, Michael Jankowski and Henry Balestrieri, borrowers, citing alleged breach of commercial loan document.

The bank sued on Feb. 19 in U.S. District Court for the Middle District of Florida Tampa Division against the defendants alleging that they failed to make a payment due on April 22, 2014, and any subsequent payments.

The plaintiff alleges that it suffered damages in the amount of the indebtedness, and its suit claims the responsibility is that of the lumber company and the three alleged individual guarantors of the loan.

The plaintiff seeks the following: personal property to satisfy a lien and compensation for more than $75,000damages in the amount of the indebtedness, plus interest, attorneys’ fees and costs and any further relief that the court may deem appropriate. The plaintiff is represented by J. Martin Knaust and Lynn Welter Sherman of Adams & Reese LLP in St. Petersburg and Tampa.

U.S. District Court for the Middle District of Florida Tampa Division Case number 8:16-cv-00396

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U.S. District Court for the Middle District of Florida
401 West Central Boulevard
Orlando, FL - 32801

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