Amegy Bank, Very Concerned About The Health Of Its Employees

Keep Houston Press Free
I Support
  • Local
  • Community
  • Journalism
  • logo

Support the independent voice of Houston and help keep the future of Houston Press free.

A ghoulish lawsuit filed against Amegy Bank just got a little, uh, ghoulisher.

In February, the Chron brought us the story of Irma Johnson, who sued Amegy after finding out the bank took out a life insurance policy on her ill husband, a bank employee, in 2001. After brain surgery to partially remove a tumor left him unable to fully function, the suit alleges, Amegy secretly took out a $1.5 million life insurance policy on him. When his work continued to suffer, the suit alleges, the bank gave him poor performance reviews and then asked him to sign off on the policy. Then Amegy fired him. Johnson died in 2008.

But that's not all: Johnson's attorney, Mike Myers (not to be confused with the serial killer from the "Halloween" franchise) told Hair Balls that, during the discovery process, he found out that Amegy had allegedly taken out two policies on Johnson. Thus, with the second, alleged $3.1 million policy, the amended suit says Amegy made $4.79 million off a dead employee.

According to the suit, Daniel Johnson "was having difficulty speaking, walking and conducting his affairs," when the bank asked him to sign the insurance papers. Moreover, "the bank knew all of the details relating to Dan's medical condition at the time" and, ultimately, "all agreements between the bank and Dan that occurred after his mental decline should therefore be invalidated, because Dan lacked the capacity to make them."

We must note here that the only reason Irma Johnson found out about the policies was because the first check after his death, which was supposed to go straight to Amegy, was accidentally delivered to her home.

Hair Balls has left messages for Amegy's attorney and spokeswoman, and we'll let you know what they have to say if and when they call back. But in the meantime, you might want to keep an eye on your boss...

Keep the Houston Press Free... Since we started the Houston Press, it has been defined as the free, independent voice of Houston, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Houston with no paywalls.

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.


Join the Press community and help support independent local journalism in Houston.


Join the Press community and help support independent local journalism in Houston.