Patriot Bank seeks to foreclose Wall Street Theater for missing monthly payments for last year
Patriot Bank is looking to close a local theater after falling behind on loan payments.
Wall Street Theater first opened its doors in September 1915.
"If those marquis lights go out, it'll be a sad for the Wall Street neighborhood, it'll be a sadder day for the city of Norwalk," said Linda Kavanagh, director with the Best of Norwalk.
In a July filing, documents state the theater has failed to make the required monthly payments for each month since October of last year.
"So, to think that there's a possibility that we're going to lose this in any way is just very sad," said Kavanagh.
In the latest filing made last week, Wall Street Theater has filed a motion to object to a disclosure of assets.
News 12 reached out to the attorney for the theater who said he could not comment on pending litigation.
The attorney for Patriot Bank did not respond to requests for comment.