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FEDERAL DEPOSIT INS. CORP. v. CASTLE

No. 84-1972.

781 F.2d 1101 (1986)

FEDERAL DEPOSIT INSURANCE CORPORATION in its corporate capacity as insurer of First National Bank of Midland, Plaintiff-Appellant Cross-Appellee, v. John B. CASTLE, Nolan H. Brunson, Jr., and Kenneth R. Marsh, Defendants-Appellees Cross-Appellants.

United States Court of Appeals, Fifth Circuit.

February 3, 1986.

Attorney(s) appearing for the Case

Jenkens & Gilchrist, T. Ray Guy, Karl G. Dial, Dallas, Tex., James P. Boldrick, Midland, Tex., for plaintiff-appellant, cross-appellee.

Robert W. Blair, Fort Worth, Tex., for defendants-appellees, cross-appellants.

Before GEE and JOHNSON, Circuit Judges, and MENTZ, Jr., District Judge.

JOHNSON, Circuit Judge:

This appeal arises out of a suit brought by the Federal Deposit Insurance Corporation ("FDIC") as receiver for First National Bank of Midland ("FNB") to recover on guaranties signed by defendants John B. Castle, Nolan H. Brunson, Jr., and Kenneth R. Marsh. The guaranties, as completed, reflected that the defendants ensured payment for the full amount of indebtedness for U.S. Drilling Company and its successor, Rigco, Inc. Defendants, however...

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