Thursday, November 30

Bank sues Celebration Church founders for $716,000 on business debts

The founders of Jacksonville’s Celebration Church are being sued by a bank that says they owe about $716,000 on loans opened by businesses they run that aren’t paying their debts.

Stovall Weems and his wife, Kerri, were named as co-defendants when First-Citizens Bank & Trust filed suit Saturday against Honey Lake Farms Inc., Northstream Management Group LLC and Weems Group LLC.

The lawsuit included, as an exhibit, an agreement Stovall Weems signed in September guaranteeing repayment of a $500,000 loan to Honey Lake Farms.

It also featured a February 2021 guaranty by Kerri Weems that the bank argued obligated her to repay debts on a pair of $50,000 credit card accounts for Weems Group that were set up last August.

‘At stake is control of the church’: Celebration Church, founder Stovall Weems embroiled in legal dispute

Source link