Legal Opinion
Longo v. KeyBank National Association
District Court, S.D. Illinois
Decided January 3, 2019No. 18 Civ. 1945 (ER)PublishedCited by 6 opinions
1Opinion of the Court
Edgardo Ramos, U.S.D.J.
In 1993, Barbara Longo opened two certificate-of-deposit accounts (sometimes referred to as "CDs") with Fourth Federal Savings Bank ("FFSB"). The accounts, by their express terms, were to accrue interest monthly and renew automatically every 60 months.
In 2002, Union State Bank ("USB") acquired FFSB and its accounts, including Longo's. However, shortly after acquiring FFSB, USB stopped paying interest on Longo's accounts.
In 2008, KeyBank National Association ("KeyBank") acquired USB and, consequently, Longo's accounts. Like USB, KeyBank did not pay interest on Longo's…
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