Massey v. Columbus State Bank

OPINION

MICHAEL H. SCHNEIDER, Chief Justice.

This is an appeal from a default judgment granted in favor of appellee, Columbus State Bank. Henry Massey and Ann Massey, appellants, appeal, contending (1) the default judgment against them should be set aside, and (2) the trial court committed several errors in the damages portion of the judgment. We affirm the judgment of the trial court.

Factual Background

Several years ago Henry Massey was a shareholder in Columbus State Bank and sat on its Board of Directors. Mr. Massey borrowed a large sum of money from the Bank, pledging his stock in the Bank…