Bostow, Wayne v. Bank of America

CourtCourt of Appeals of Texas
DecidedJanuary 17, 2006
Docket14-04-00256-CV
StatusPublished

This text of Bostow, Wayne v. Bank of America (Bostow, Wayne v. Bank of America) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Bostow, Wayne v. Bank of America, (Tex. Ct. App. 2006).

Opinion

Affirmed as Modified and Memorandum Opinion filed January 17, 2006

Affirmed as Modified and Memorandum Opinion filed January 17, 2006.

In The

Fourteenth Court of Appeals

____________

NO. 14-04-00256-CV

WAYNE BOSTOW, Appellant

V.

BANK OF AMERICA, Appellee

_________________________________________________________________

On Appeal from the 157th District Court

Harris County, Texas

Trial Court Cause No. 01-46935

_________________________________________________________________

M E M O R A N D U M   O P I N I O N


This case arises out of a dispute between a bank and a depositor that culminated in a lawsuit by the bank to terminate its banking relationship with the depositor.  The trial court entered a temporary injunction to stop the depositor Afrom unilaterally acting to keep deposit accounts open.@  The depositor filed counterclaims asserting breach of the deposit agreement and a variety of tort claims.  After a trial, the jury found (1) the bank failed to comply with the deposit agreement and (2) the depositor improperly continued to make deposits in his accounts to keep the accounts open.  In nine appellate issues, the depositor now challenges the trial court=s judgment and its rulings on various pretrial matters.  We find merit in only one of the depositor=s appellate pointsChis contention that he is entitled to post-judgment interest at the legal interest rate of five percent per year.  Accordingly, we reform the judgment to reflect this post-judgment interest rate, and, as modified, we affirm the judgment.[1]

I.  Factual and Procedural Background

Appellant/defendant Wayne Bostow maintained deposit accounts at appellee/plaintiff Bank of America (hereinafter the ABank@).  The parties agreed that their written Deposit Agreement would govern all deposit accounts Bostow established with the Bank.  In the Deposit Agreement, the parties expressly agreed that the Bank Amay terminate this agreement and close [Bostow=s] account at any time without prior notice.@ 

Notification of the Bank=s Termination of the Banking Relationship

At some point in 1998, Bostow experienced problems with his accounts at the Bank.  He claimed to have discovered discrepancies in the Bank=s recordkeeping and complained about it to various representatives of the Bank.  The parties engaged in a series of communications that culminated in the Bank informing Bostow, in March 1999, that under the Deposit Agreement, the Bank had elected to terminate its banking relationship with Bostow.  Although the Bank attempted to close Bostow=s accounts, Bostow managed to keep them open by making deposits after the Bank informed him the accounts would be closed. 


Depositor=s Conduct After Notification of Termination of Banking Relationship

Over the next two years, Bostow wrote many letters and also engaged in many face-to-face communications with several of the Bank=s managers and tellers.  The Bank alleged that during this time, Bostow harassed or intimidated its employees and engaged in other conduct the Bank deemed threatening or otherwise inappropriate.  For example, in December 2000, Raymond Jackson, an officer in the Bank=s corporate security department, received a complaint from one of the banking centers that Bostow was possibly stalking one of the Bank=s tellers.[2]  The Bank=s management decided to transfer the teller to the motor bank, which is a separate building, Aso there wouldn=t have to be a face-to-face confrontation@ between the teller and Bostow.

A few days after the teller=s initial complaint about Bostow, the Bank wrote Bostow a letter, again advising him that the Bank had elected to close his accounts and also asking him to refrain from making further deposits or writing additional checks.  Additionally, the Bank asked Bostow to make other banking arrangements. Bostow refused to accept the Bank=s letter, and it was returned unopened to the Bank.  The Bank sent other letters to Bostow and these, too, were returned unopened.  Bostow indicated in a January 2001 letter explaining the return of these items that he would accept mail only from a Aserviceable address@ and Anot a post office box.@  The next week the Bank sent Bostow a cashier=s check to close his certificate of deposit.  However, the matter still was not resolved.


The Bank and Bostow continued to correspond.

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