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FIRST INTERSTATE BANK v. H.C.T.

No. 22165.

828 P.2d 405 (1992)

FIRST INTERSTATE BANK OF CALIFORNIA, a California banking corporation, Appellant/Cross-Respondent, v. H.C.T., INC., a California corporation, aka H.C.T., Incorporated, a California corporation, Respondent/Cross-Appellant, and Independence Bank, a California State banking corporation, Respondent.

Supreme Court of Nevada.

March 13, 1992.

Attorney(s) appearing for the Case

Gordon & Silver and Candi Carlyon, Las Vegas, for Appellant/Cross-Respondent.

Lefebvre, Barron & Oakes, Las Vegas, for respondent/cross-appellant H.C.T.

Miles & Tierney, Las Vegas, for respondent Independence Bank.

OPINION

PER CURIAM:

FACTS

First Interstate Bank of California (FICAL) and Independence Bank both assert a claim to a Certificate of Deposit (CD) in the approximate amount of $322,000. The district court awarded the CD to Independence Bank on summary judgment. FICAL appealed.

In 1988, H.C.T., Inc., (HCT) borrowed $350,000 from Independence Bank; the loan was guaranteed by two of HCT's principals.

Shortly thereafter, HCT purchased...

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