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BLANCHARD v. PEOPLES BANK

No. 87-2928.

844 F.2d 264 (1988)

Clinton George BLANCHARD and Gertrude Blanchard, Plaintiffs-Appellants, v. PEOPLES BANK, Defendant-Appellee.

United States Court of Appeals, Fifth Circuit.

Opinion on Denial of Rehearing June 22, 1988.

Attorney(s) appearing for the Case

William L. Bowers, Jr., Dickerson, Hamel, Early & Pennock, Houston, Tex., for plaintiffs-appellants.

C.L. Crawley, Houston, Tex., for defendant-appellee.

Before GARZA, HIGGINBOTHAM, and SMITH, Circuit Judges.

PATRICK E. HIGGINBOTHAM, Circuit Judge:

George and Gertrude Blanchard sued Peoples Bank alleging that the Bank improperly foreclosed on a certificate of deposit issued in the name of the Blanchards and their daughter, Barbara Gibson. Gibson pledged the certificate as collateral for business loans she never repaid. The Bank foreclosed on the certificate and the Blanchards sued. We affirm the grant of summary judgment for the Bank, concluding that the Bank had a contracted...

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