Peoria Savings & Loan Ass'n v. American Savings Ass'n
Appellate Court of Illinois
1Opinion of the Court
PRESIDING JUSTICE BARRY
delivered the opinion of the court:
This interlocutory appeal is from an order of the circuit court of Peoria County granting a preliminary injunction to halt the merger of Peoria Savings and Loan Association with American Savings Association.
In July of 1981, American Savings Association was created by the merger of Citizens Savings of Belleville, Illinois, and Quincy People Savings and Loan Association of Quincy, Illinois, into American Savings and Loan Association of Springfield, Illinois. American has assets of approximately $900 million and has a net worth of about…
2Cases cited9 opinions
- Flynn v. VancilIllinois Supreme Court · 1968
- Lonergan v. Crucible Steel Co. of AmericaIllinois Supreme Court · 1967
- Business Development Services, Inc. v. Field Container Corp.Appellate Court of Illinois · 1981
- Schwalm Electronics, Inc. v. Electrical Products Corp.Appellate Court of Illinois · 1973
- McErlean v. Harvey Area Community OrganizationAppellate Court of Illinois · 1972
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