A district court judge has dismissed a lawsuit filed by an area bank seeking recovery of about $3.7 million in loans to an Aggieville businessman.
District Court Judge John Bosch issued the order this week dismissing an action brought earlier in the year by Farmers State Bank of Westmoreland against Rusty Wilson. Bosch dismissed the case “with prejudice,” meaning it cannot be re-filed.
There was no indication whether the dismissal was prompted by any out-of-court agreement reached between the parties, and Wilson would not speak to that possibility.
“It was dismissed by mutual agreement and we’re moving on,” he said.
The bank had sued Wilson in July seeking recovery of what it claimed were $3.72 million in unpaid loans over several years.
The loans reportedly were obtained to finance property investments related to a housing project near Riley called Falcon Ridge that had been put together by Wilson, Russ Simons and Mick Perry. The project was reportedly designed to take advantage of an anticipated housing boom related to growth at Fort Riley, but failed when that boom did not materialize.
At the time the lawsuit was filed, Wilson said he had “full confidence in the court to do the right thing if the bank won’t work this out with me.”