LOIS HENRY: Bank seeks more than $105M, foreclosure of multiple properties held by John Vidovich

LOIS HENRY: Bank seeks more than $105M, foreclosure of multiple properties held by John Vidovich

A bank is suing large San Joaquin Valley grower John Vidovich for more than $105 million in allegedly defaulted loans and is demanding the foreclosure and sale of large swaths of farmland, solar sites, a nut-hulling facility and the SunnyGem…

U.S. Bank sues Valley water titan Vidovich over $105mil loan default

John Vidovich, the Bay Area-based water magnate of the southern San Joaquin Valley, is being sued for failing to repay roughly $105 million in loans to U.S. Bank. U.S. Bank filed a lawsuit against Vidovich and his companies, Sandridge Partners and SunnyGem LLC, in Kern County Superior Court with a demand for seizure of property. The news was first reported by SJV Water. The big picture: Along with Vidovich, U.S. Bank named Sandridge Partners, Su…