Legal Opinion
Premier Bank, National Ass'n v. Mosbacher
Court of Appeals for the Fifth Circuit
Decided May 20, 1992No. 19-30612PublishedCited by 1 opinion
1Opinion of the Court
REAVLEY, Circuit Judge:
Premier Bank, N.A. (Premier) sued the Economic Development Administration (EDA) of the United States Department of Commerce to collect on EDA’s guarantee of a loan that Premier’s predecessor made to Louisiana Chemical Polymers, Inc. (Polymers) and its president, William J. MeFer-rin. The district court found that Premier breached the Guarantee Agreement by modifying McFerrin’s obligations on the loan, and that this breach released EDA from its obligation as guarantor. We affirm.
I. BACKGROUND
Polymers purchased two adjacent tracts in Baton Rouge, Louisiana, in November…
2Cases cited15 opinions
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3Cited by1 opinion
- Premier Bank, Nat. Ass'n v. MosbacherCourt of Appeals for the Fifth Circuit · 1992