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PLATO v. ALVIN STATE BANK

No. 01-88-00436-CV.

775 S.W.2d 861 (1989)

Richard M. PLATO, Appellant, v. ALVIN STATE BANK, Appellee.

Court of Appeals of Texas, Houston (1st Dist.).

August 24, 1989.

Attorney(s) appearing for the Case

Arno Schwamkrug, Houston, for appellant.

Thomas A. Hunter, Rolston & Hausler, Houston, for appellee.

Before EVANS, C.J., and DUGGAN and O'CONNOR, JJ.

O'CONNOR, Justice.

Alvin State Bank filed suit against Richard M. Plato to recover $197,750, the amount owed on two notes, plus interest and other damages. The trial court granted the Bank summary judgment, from which Plato appeals.

On August 7, 1985, Plato executed two promissory notes, one for $190,000 and another for $7,750. Plato also executed two security agreements, by which he pledged 330,267 shares of South Fork Oil and Gas Company stock as collateral...

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