A onetime commercial customer of Hibernia Corp. has sued the banking company, seeking $135 million of damages.

Console Foods Inc. of Lindsay, Calif., filed its lawsuit Friday in Superior Court for Tulare County, Calif. The frozen vegetable producer said that the $14 billion-asset banking company had assured it of a steady stream of funding but that Hibernia reneged on its credit commitment after financial difficulties this year.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.