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FEDERAL DEPOSIT INS. CORP. v. AMBERSON

No. SA-86-CA-1518.

676 F.Supp. 777 (1987)

FEDERAL DEPOSIT INSURANCE CORP., In Its Corporate Capacity, Plaintiff, v. Joseph H. AMBERSON, Defendant.

United States District Court, W.D. Texas, San Antonio Division.

October 19, 1987.

Attorney(s) appearing for the Case

Frederick C. Shannon, Jr., Martin, Shannon & Drought, Inc., San Antonio, Tex., for plaintiff.

Robert Michael Kunczt, San Antonio, Tex., for defendant.

MEMORANDUM OPINION

H.F. GARCIA, District Judge.

This lawsuit was commenced in state district court by the First National Bank of Bandera (Bank) against Joseph H. Amberson to collect money owed on three promissory notes and on a separate guaranty agreement executed by Amberson. Subsequently, the Bank was declared insolvent and its assets and affairs were placed under the control of the Federal Deposit Insurance Corporation (FDIC) as receiver. In its corporate...

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