Bexar Co. woman sues bank to recoup payment from certificate

By John Suayan | May 25, 2017

HOUSTON – A Bexar County woman sued a bank in an effort to get a 34-year-old mini money market certificate honored, according to recent Harris County District Court records.

Georgia Starnes’ lawsuit against International Bank of Commerce, filed May 19 in the Harris County 129th District Court, states that the plaintiff possessed the certificate which reportedly belonged to her father-in-law, mother-in-law, and husband.

The certificate was issued on Aug. 10, 1982, by Valley Federal Savings and Loan Association in McAllen with an opening balance of $25,000; a maturity date of Feb. 10, 1985; and a rate of earnings per annum of 13.450%. IBC acquired Valley Federal Savings after the latter failed.

According to court papers, the certificate came under Starnes’ name after her parents-in-law and husband chronologically predeceased her.

Starnes further explains that she presented the certificate to IBC on Sept. 21, 2016, but a couple of days later, the respondent informed her there was no record of said certificate and refused to pay her the principal amount and interest owed.

A jury trial is requested.

Attorney Stephen R. Walker of the law firm Chandler, Mathis & Zivley, P.C. in Lufkin serves as the complainant’s lead counsel.

Harris County 129th District Court Case No. 2017-33909

Want to get notified whenever we write about Harris County District Court ?

Sign-up Next time we write about Harris County District Court, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

Harris County District Court

More News

The Record Network