Federal Deposit Ins. Corp. v. Gardner

MEMORANDUM OPINION AND ORDER

BARBOUR, District Judge.

This matter came before this Court on three Motions for Summary Judgment. 1 Federal Deposit Insurance Corporation (“FDIC”) was substituted as party plaintiff in place of the Bank of Quitman, Quitman, Arkansas, an Arkansas State Bank (“Bank”). 2 The Bank had originally filed a “Declaration” (hereinafter “Complaint”) against two Mississippi Defendants, Jackie Gardner and Gardner Land Company, Inc. (“Defendants”), seeking recovery of $80,-000 plus interest and other costs as provided in the certain promissory note executed by Defendants in…