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