Bidder for Advantage Bank suing creditor

LOVELAND – A Greeley oil and gas executive seeking to buy the financially troubled Advantage Bank has filed suit against a bank creditor, contending that it won a public auction to purchase the bank but is being blocked by the creditor who it claims also wishes to own the bank.

Greeley-based Richmark Holdings Inc., which represents Mineral Resources Inc. President Arlo Richardson and his family, filed a motion for a preliminary injunction against Advantage Bank creditor Jeff Demaske of Windsor in Weld County District Court in Greeley July 21.

A hearing on the preliminary injunction has been scheduled for 1:30 p.m.…