Bank sues singer Montgomery over failed restaurant

Bank sues singer Montgomery over failed restaurant

Credit: Getty Images

NASHVILLE, TN - NOVEMBER 09: Eddie Montgomery of Montgomery Gentry attends the 45th annual CMA Awards at the Bridgestone Arena on November 9, 2011 in Nashville, Tennessee. (Photo by Michael Loccisano/Getty Images)

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by Associated Press

WHAS11.com

Posted on September 30, 2013 at 5:55 PM

   DANVILLE, Ky. (AP) -- Country music star Eddie Montgomery's steak house may have once been something to be proud of, but now the closed establishment is something causing him legal problems.
 
   Central Bank and Trust Co. of Lexington has sued Montgomery and his ex-wife, Tracy Nunan in Boyle Circuit Court, claiming the couple owes nearly $12.7 million to pay off loans related to the business.
 
   The Advocate-Messenger reported  that Montgomery and Nunan personally guaranteed repayment of several loans. Eddie Montgomery's Steak House opened in 2009 and closed in May.
 
   Montgomery was half of the duo Montgomery Gentry, which had a string of hits for Columbia Records' Nashville division between 1999 and 2008, including "Lucky Man" and "Something to Be Proud of."
 
   Neither Montgomery nor Nunan could be reached for comment.

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