FIRST PONTCHARTRAIN SAVINGS ASS'N v. EVANGELINE FEDERAL SAVINGS & LOAN ASS'N

No. 85-624.

487 So.2d 512 (1986)

FIRST PONTCHARTRAIN SAVINGS ASSOCIATION, Plaintiff-Appellee, v. EVANGELINE FEDERAL SAVINGS & LOAN ASSOCIATION, Defendant-Appellant.

Court of Appeal of Louisiana, Third Circuit.

Rehearing Denied May 16, 1986.


Attorney(s) appearing for the Case

Joseph Accardo, Jr. and George Ann Hayne Graugnard, of Accardo, Edrington, Leblanc & Golden, Laplace, for plaintiff-appellant.

Shelton & Legendre, Thomas Robert Shelton, Lafayette, for defendant-appellee.

Before LABORDE and YELVERTON, JJ., and FONTENOT, J. Pro Tem.


YELVERTON, Judge.

First Pontchartrain Savings and Loan Association (First Pontchartrain) sued Evangeline Federal Savings and Loan Association (Evangeline) for $1,000,000, interest, attorney's fees, and costs. The case arose from the sale by Evangeline to First Pontchartrain of a $1,000,000 participation in a loan made by Evangeline on November 30, 1983, to TAP Historic Properties. First Pontchartrain alleged that it participated in the loan under an agreement that...

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