James E. Clay, Mary Lou Clay, and Buddy Clay Realty, Inc. v. Federal Deposit Insurance Corporation, Ncnb Texas National Bank, and Todd E. Bragg

JERRY E. SMITH, Circuit Judge:

James E. Clay, Mary Lou Clay, and Buddy Clay Realty, Inc. (the Clays), were the guarantors of several notes. The originating bank failed and was transferred by the Federal Deposit Insurance Corporation (FDIC) to NCNB Texas National Bank (NCNB) as part of a purchase and assumption transaction. NCNB eventually foreclosed on the property underlying the notes, and the Clays now contend that in doing so, it breached its fiduciary duties to them by allowing the value of the collateral to dissipate. We affirm the district court’s summary judgment denial of the Clays’…