Compass Bank v. Jerry Durant

OPINION

BONNIE SUDDERTH, JUSTICE

I. Introduction

In four issues, Appellant Compass Bank appeals the trial court’s summary judgment for Appellee Jerry Durant in a dispute over (1) the interpretation of early termination fee provisions contained in certain documents, including an interest rate swap agreement, that were executed by the parties in conjunction with a commercial loan agreement and (2) the award of attorney’s fees to Durant. We reverse and remand.

II. Factual and Procedural Background

In 2008, Durant and Jeff Williams, a loan officer for Compass, entered into negotiations for a loan…