California bank sues Northbrook business over unpaid promissory note

Dan Harkins Apr. 24, 2015, 2:03pm

A California banking institution has sued a Northbrook company, which does business as the Great Steak and Potato in Aurora, and its president, citing an unpaid debt.

Hanmi Bank, filed suit April 13 in Cook County Circuit Court against Premier Food Inc. and Moonhie Oh, the president and secretary of Premier.

According to the complaint, on Nov. 9, 2007, Premier took out a promissory note with Hanmi Bank for $420,000, plus interest. Premier was required to start paying back the note monthly on January 2008, the suit states, but Premier's last payment was Oct. 29, 2014, noting this constitutes a default on Premier's responsibilities.

Hanmi Bank seeks recovery of the balance due, as of April 9, of $159,434.15, plus costs. It is represented by attorneys Joseph A. Schlitter and Adam Toosely of Freeborn and Peters in Chicago.

Cook County Circuit Court case number: 2015-L-003797.

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