Remember the $585,549 collection suit filed by Bear State Bank against Little Rock businessman Walter Quinn and his Falcon Air LLC?
Bear State obtained a default judgment against Quinn and Falcon Air when the two failed to respond to the February complaint. The debt is secured by Quinn’s personal guarantee and a 1984 Dassault Falcon 200 owned by Falcon Air.
The case is tied to a loan that originally totaled $1.6 million and dates back to March 2008, when it was made by Heritage Bank of Jonesboro.
Bear State inherited the loan in 2014 when it acquired Heritage as part of the $122.4 million purchase of First National Security Co. of Hot Springs.