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Broke, Not Broken: Homer Maxey's Texas Bank War
Contributor(s): Spivey, Broadus (Author), Sublett, Jesse (Author), Bakken, Gordon Morris (Foreword by)

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 ISBN: 0896728552     ISBN-13: 9780896728554
Publisher: Texas Tech University Press
OUR PRICE: $28.45  

Binding Type: Hardcover - See All Available Formats & Editions
Published: May 2014
Qty:

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Additional Information
BISAC Categories:
- Law | Banking
- Law | Bankruptcy & Insolvency
- History | United States - State & Local - Southwest (az, Nm, Ok, Tx)
Dewey: 346.7
LCCN: 2013050899
Series: American Liberty & Justice
Physical Information: 1.3" H x 6" W x 9" L (1.58 lbs) 352 pages
Features: Bibliography, Dust Cover, Illustrated, Index, Price on Product, Table of Contents
 
Descriptions, Reviews, Etc.
Publisher Description:
Homer Maxey was a war hero, multimillionaire, and pillar of the Lubbock, Texas, community. During the post-World War II boom, he filled the West Texas horizon with new apartment complexes, government buildings, hotels, banks, shopping centers, and subdivisions. On the afternoon of February 16, 1966, executives of Citizens National Bank of Lubbock met to launch foreclosure proceedings against Maxey. In a secret sale, more than 35,000 acres of ranch land and other holdings were divided up and sold for pennies on the dollar. By closing time, Maxey was penniless. Maxey sued the bank and every member of the board of directors, including long-time friends and business partners. Almost fifteen years, two jury trials, and nine separate appeals later, the case was settled on September 22, 1980. Broke, Not Broken, the story of this record-breaking, precedent-setting legal case, illuminates a community and a self-styled go-getter who refused to back down, even when his opponents were old friends, well-heeled leaders of the community, a bank backed by powerful Odessa oil men, and the most formidable attorneys in West Texas.
 
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