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INTERFIRST BANK DALLAS v. FEDERAL DEPOSIT INS.

Nos. 85-1746, 86-1138.

808 F.2d 1105 (1987)

INTERFIRST BANK DALLAS, N.A., Plaintiff, v. FEDERAL DEPOSIT INSURANCE CORPORATION, Defendant-Appellant, and Thomas J. Wageman, Defendant-Appellee.

United States Court of Appeals, Fifth Circuit.

January 30, 1987.

Attorney(s) appearing for the Case

John W. McChristian, Jr., Kemp, Smith, Duncan & Hammond, El Paso, Tex., Mark F. Pretzat, Washington, D.C., for F.D.I.C.

John Harrell Feldt, W.B. Browder, Jr., Midland, Tex., for Wageman.

Before GARZA, DAVIS and JONES, Circuit Judges.

GARZA, Circuit Judge.

Thomas J. Wageman was an established and successful bank president and chief executive officer of the La Salle National Bank in Chicago, Illinois. In June of 1983, the Executive Committee of the First National Bank of Midland, Texas, contacted Mr. Wageman. First National was tangled in a financial web of liquidity problems, and sought to employ Mr. Wageman so that his experience and decisiveness could resurrect the bank's depressed condition...

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