Art Schlichter, former Ohio State and Indianapolis...

Art Schlichter, former Ohio State and Indianapolis Colt quarterback, is being sued by Merchants National Bank and Trust Co. of Indianapolis, alleging that he owes more than $56,000 in unpaid debts.

Schlichter, 26, was arrested earlier this month after an Indianapolis police investigation into illegal gambling. He faces a misdemeanor charge of illegal gambling. He was suspended by the National Football League during the 1983 season for gambling.