Federal Deposit Insurance v. Patel
Court of Appeals for the Fifth Circuit
1Opinion of the Court
REAVLEY, Circuit Judge:
This is an appeal from a judgment in favor of Federal Deposit Insurance Corporation in its corporate capacity (“FDIC-C”) and Nati-onsBank in a suit for collection of the deficiency balance owing under a promissory note signed by Vinodbhai Patel. We affirm in part and vacate and remand in part.
BACKGROUND
Patel executed a promissory note (the “Note”) in the principal amount of $2,500,-000.00, payable to First RepublicBank Dallas, N.A. (“FRBD”). On July 29, 1988, the Comptroller of the Currency declared FRBD insolvent and appointed the Federal Deposit Insurance Corporation…
2Cases cited11 opinions
- D'Oench, Duhme & Co. v. Federal Deposit InsuranceSupreme Court of the United States · 1942
- Harold v. Beighley v. Federal Deposit Insurance Corporation, Etc.Court of Appeals for the Fifth Circuit · 1989
- United States v. Samuel Duncan, Jr., Grace Duncan, Gay Nell Duncan, Marshall Sutton, Angela F. Turner, Arthur D. Wilson, and Oscar L. WilsonCourt of Appeals for the Fifth Circuit · 1991
- Sears, Roebuck & Co. v. MeadowsTexas Supreme Court · 1994
- Federal Deposit Insurance Corporation, in Its Corporate Capacity v. Jack H. Harrison and Frederick G. RixeyCourt of Appeals for the Eleventh Circuit · 1984
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3Cited by21 opinions
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- Linh Thanongsinh v. Board of Education, District U-46 and Hanan Javetz, Individually and in His Official CapacityCourt of Appeals for the Seventh Circuit · 2006
- Florida Department of Insurance v. Chase Bank of Texas National Ass'nCourt of Appeals for the Fifth Circuit · 2001
- Boyd v. Diversified Financial Systems, Texas Court of Appeals, 5th District (Dallas)1999
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