On April 28, 1996, Micheal Stewart senior loan officer at the Hudson National Bank of New York, was reviewing the credit file of SureCut Shears, Inc. in preparation for a luncheon meeting with the company's president and treasurer. David Fisher, treasurer of SureCut Shears, had recently informed Mr.Stewart that the company would be unable to liquidate its outstanding seasonal loan as initially anticipated. While agreeing to extend the outstanding $1.15 million loan, Mr.Stewart had suggested that he would like to stop by and discuss the company's recent progress when he was next in the vicinity of Savannah, Georgia, where SureCut Shears's home plant and offices were located.