Amcore Bank, N.A. v. Hahnaman-Albrecht, Inc.
Appellate Court of Illinois
1Opinion of the CourtJustice Callum
Plaintiff, Amcore Bank, N.A., lent $17 million to defendant, Hahnaman-Albrecht, Inc. (HAI). When HAI defaulted on the loan, plaintiff sued HAI and the individual guarantors, Dean Hamilton, Jeffrey Hamilton, Thomas Conley, David Von Holten, and Paul Rittmanic. Grand Premier Trust and Investment, Inc., as trustee of the Thomas F. Conley trust dated September 1, 1988, was substituted for Conley when he died. Conley’s guaranty had been signed by his son, Kristopher, pursuant to a durable power of attorney. Grand Premier argued that the guaranty was invalid because Kristopher did not have the…
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