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FEDERAL SAV. AND LOAN INS. CORP. v. CRIBBS

No. 90-2492 Summary Calendar.

918 F.2d 557 (1990)

FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION, As Receiver for Commodore Savings Association, et al., Plaintiffs, v. R. Judd CRIBBS, etc., et al., Defendants. CONSOLIDATED FEDERAL SAVINGS BANK, Intervenor-Appellee, v. R. Judd CRIBBS, etc., Defendant-Appellant.

United States Court of Appeals, Fifth Circuit.

December 7, 1990.

Attorney(s) appearing for the Case

Patricia Hair, Crain, Caton & James, Houston, Tex., for defendant-appellant.

Steven Lownds, Winstead, McGuire, Sechrest & Minick, Dallas, Tex., for intervenor-appellee.

Before POLITZ, DAVIS, and BARKSDALE, Circuit Judges.

POLITZ, Circuit Judge:

R. Judd Cribbs appeals an adverse partial summary judgment in favor of Consolidated Federal Bank FSB (CFB), the assignee of the assets of two banks placed under the receivership of the Federal Savings and Loan Insurance Corporation (FSLIC). Finding no error, we affirm.

Background

In August 1985, Cribbs executed a personal guaranty of a $3.2 million dollar note payable to eight Texas savings and loan institutions (the...

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