INTERN. BANK OF COMMERCE OF COMMERCE v. UNION NAT. BANK

No. 16896.

653 S.W.2d 539 (1983)

INTERNATIONAL BANK OF COMMERCE OF LAREDO, the City of Laredo, Union National Bank, Appellants, v. UNION NATIONAL BANK OF LAREDO, the City of Laredo, International Bank of Commerce of Laredo, Appellees.

Court of Appeals of Texas, San Antonio.

Rehearing Denied June 1, 1983.


Attorney(s) appearing for the Case

Lawrence A. Mann, Laredo, Allen Wood, Corpus Christi, for appellants.

J.G. Hornberger, Jr., Julio A. Garcia, Eustorgio Perez, Laredo, Anthony McGettrick, Corpus Christi, for appellees.

Before ESQUIVEL, REEVES and DIAL, JJ.


OPINION

REEVES, Justice.

June 3, 1980, the City of Laredo (City) issued an invitation for bid on its deposits of funds for a two-year period. The Union National Bank of Laredo (Union), the holder of the depository contract at that time, requested the City to postpone the submission of bids until July 14, 1980. The City agreed; a letter was transmitted to the City from Union which stated in part:

This will confirm that Union National Bank will continue...

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