Fisher v. State Bank of Annawan

Plaintiff filed this action in the circuit court of Henry County against defendant, the State Bank of Annawan, for conversion of funds and reformation of contract. Defendant had set off plaintiff’s son’s debt to the bank against certificates of deposit (CDs) held jointly by plaintiff and his two sons. The trial court ruled in favor of defendant, but the appellate court reversed and remanded. (251 Ill. App. 3d 845.) We granted defendant leave to appeal (145 Ill. 2d R 315) and reverse.

FACTS

Plaintiff owned five CDs which were on deposit at defendant bank. In 1979, plaintiff added his two sons’…