Generations Bank has filed a foreclosure suit in Benton County Circuit Court against a former Gravette mayor who ran a since-closed restaurant.
According to the complaint, First Bank of Siloam Springs — which has since changed its name to Generations — agreed in December 2015 to a $91,000 commercial promissory note with Fire Station 29 LLC of Gravette, which was led by Byron Warren.
Byron Warren and Tracy Warren put up collateral for the mortgage: a 14-foot cooker, a 2007 Yamaha motorcycle, a 2004 Nissan Xterra and a 2006 camper.
The mortgage was for Byron Warren’s 480-SF restaurant, Fire Station 29 Pub & Grill at 116 Main St. NE in Gravette. Warren, a former city councilman, was the town’s mayor from 2010-14 and served as a captain in the Siloam Springs Fire Department.
The bank alleged the defendants have been in default since June and owe more than $86,000 on the loan in addition to the equipment and personal property.
The Warrens filed for Chapter 7 bankruptcy protection in U.S. Bankruptcy Court for the Western District of Arkansas earlier this year listing debts of $282,682 against assets of $283,620.
On Oct. 4, U.S. Bankrupty Judge Ben Barry issued an order of relief and abandonment, allowing the bank to pursue its suit, and the Warrens’ bankruptcy was discharged on Nov. 21.
Generations Bank is represented in the foreclosure by attorney Joel Kurtz of the Williams Law Firm of Arkansas in Gentry.
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