Banking company sues struggling Birmingham restaurant group over $1.1 million loan

Robertson Banking Co. is suing a hospitality company and restauranteur Nick Pihakis for at least $625,000 for repayment on a loan.

The lawsuit, filed Tuesday in Jefferson County Circuit Court, names EMB Hospitality and Pihakis as the guarantor of a 2022 loan for $1,124,408.

Pihakis, a managing member of EMB, is the head of the Pihakis Restaurant Group (PRG), which has already seen more than 12 restaurants close over the last two weeks…

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