F.D.I.C. v. GILBERT

No. 93-3327 Summary Calendar.

9 F.3d 393 (1993)

FEDERAL DEPOSIT INSURANCE CORPORATION, in its Capacity as Receiver and Liquidator of Pontchartrain State Bank and Baton Rouge Bank & Trust Company, Plaintiffs-Appellees, v. Noel GILBERT, et al., Defendants, Noel Gilbert, Defendant-Appellant.

United States Court of Appeals, Fifth Circuit.

Rehearing Denied February 17, 1994.


Attorney(s) appearing for the Case

Byrne Woodell Dyer, III, Gretna, LA, for defendant-appellant.

Robert Anthony Contreras, DeMartini, LeBlanc, D'Aquila & Volk, P.C., Kenner, LA, for Baton Rouge Bank and Trust Co. and F.D.I.C.

Before REAVLEY, DAVIS and DeMOSS, Circuit Judges.


REAVLEY, Circuit Judge:

In this suit on a promissory note, Noel Gilbert appeals a summary judgment entered against him and in favor of Baton Rouge Bank and Trust Company (BRBT), the current holder of the note. We agree with the district court that Gilbert, one of four makers on the note, is liable on the note based on well-established federal law governing suits on notes where the FDIC has become the holder. We also conclude that the district court correctly applied...

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