Campbell Leasing, Inc. v. Federal Deposit Insurance

CLARK, Chief Judge:

I

Appellants Campbell Leasing, Inc., Eagle Airlines, Inc., and George A. Day challenge the district court’s entry of summary judgment on a promissory note in favor of the Federal Deposit Insurance Corporation (FDIC) and NCNB Texas National Bank (NCNB). We affirm in part, vacate in part, and remand for further proceedings.

*1247II.

On February 16, 1984, Campbell Leasing, Inc. (Campbell Leasing) executed a promissory note in the amount of $136,804.24, plus interest, payable to RepublicBank Brownwood (RepublicBank). To secure payment of the note, Campbell Leasing granted RepublicBank…