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BOWEN v. FEDERAL DEPOSIT INS. CORP.

No. 89-1740.

915 F.2d 1013 (1990)

James N. and Betty G. BOWEN, Plaintiffs-Appellees, v. FEDERAL DEPOSIT INSURANCE CORPORATION, as Receiver for First RepublicBank — El Paso, Defendant-Appellant.

United States Court of Appeals, Fifth Circuit.

October 31, 1990.

Attorney(s) appearing for the Case

T. Ray Guy, Hardin R. Ramey, Will S. Montgomery, Dallas, Tex., for defendant-appellant.

E. Link Beck, El Paso, Tex., for plaintiffs-appellees.

Before GOLDBERG, GEE and WILLIAMS, Circuit Judges.

GOLDBERG, Circuit Judge:

The Federal Deposit Insurance Corporation (the "FDIC" or "Corporation"), as receiver for First RepublicBank — El Paso ("the Bank"), appeals from a $403,793 judgment in favor of James and Betty Bowen. The Bowens allege that the Bank reneged on a loan officer's oral promise to extend a loan to their firm, Bowen Industries, Inc. ("BII"). As a result of the Bank's failure to make the loan, which...

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