Bank of America sues Sedano’s CEO, former U.S. Century Bank directors

Bank of America filed a lawsuit against three former directors of U.S. Century Bank, two of whom are executives at Sedano's Supermarkets, over a land loan in Florida City.

BofA filed the lawsuit on May 13 in federal court in Miami against GREC Homes IX LLC, Agustin Herran, Rosiel Herran, Armando Guerra, Maria C. Guerra, Manuel Herran, Nyria Herran, Emiliano Herran and Mirian Herran. It seeks to enforce personal guarantees on a mortgage with $17.4 million in principal outstanding. ...

Read more: Article 05-22-2013