WELLS, Minn. (AP) — A Mankato, Minn., businessman and his food company are facing three lawsuits over unpaid loans.
Stephen Singleteary and Singleteary Food Solutions tried in 2010 to reopen a food processing plant in Wells. Singleteary secured more than $8 million in public funding or public-backed loans as well as investing personal capital in the project. The Free Press says the plant never fully reopened. Pioneer Bank took ownership of the plant last year through foreclosure proceedings.
Pioneer Bank has filed two lawsuits and John Bean Technologies, a food processing equipment maker, filed a third. Together they seek more than $6 million from Singleteary. He did not immediately return a call seeking comment.