Opinion — Cross River Bank v. 3 Bea's Assisted Living (4th Cir.)

Summary

Unpublished opinion of the United States Court of Appeals for the Fourth Circuit in Cross River Bank v. 3 Bea's Assisted Living LLC, No. 23-2271, argued May 8, 2025 and decided June 4, 2025, on appeal from the District of Maryland (8:21-cv-03210-TJS). Judge Heytens wrote the opinion, joined by Judge Harris and Judge Richardson. The opinion recites that Connie Stewart applied for a Paycheck Protection Program loan from Cross River Bank and signed a promissory note for one million, seven hundred six thousand, one hundred seventeen Dollars, and that the district court granted summary judgment holding Stewart personally liable. The court concludes the note is ambiguous about Stewart's personal liability under Maryland law. It vacates the judgment in part and remands for the district court to determine whether Section 3-402(b) of the Maryland Commercial Code applies.

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