Foulds v. First National Bank

OPINION

SOSA, Senior Justice.

Plaintiffs brought this action seeking to order defendant First National Bank (FNB) to pay them the proceeds of Certificates of Deposit (CD’s) established by Zettie Hazel Lamar, deceased, which named plaintiffs as beneficiaries Payable on Death (P.O.D. Payees). The co-personal representatives of the estate of Zettie Lamar, third party defendants in interpleader, claimed the CD’s on the basis of a prior contractual will between Zettie Lamar and her late husband, Perry Moore Lamar.

The trial court decided in favor of the estate, and plaintiffs appeal. We affirm.

Submitt…