Legal Opinion
First Trust & Savings Bank v. Skokie Federal Savings & Loan Ass'n
Appellate Court of Illinois
Decided June 25, 1984No. 83-1318PublishedCited by 10 opinions
1Opinion of the CourtJustice McGLOON
This is an appeal from a summary judgment order granted in favor of defendant Skokie Federal Savings and Loan Association (Skokie Federal) against First Trust and Savings Bank of Glenview (First Trust).
We affirm.
In October 1978, Skokie Federal loaned Spanish Court II, Ltd. (Spanish Court), $2,400,000 to finance the construction of a 32-unit condominium in Highland Park. Under the terms of the construction loan agreement, proceeds for the payment of “profit and overhead expenses” were to be disbursed to Spanish Court as various phases of the project were completed. An additional $100,000,…
2Cases cited4 opinions
- Valley Nat. Bank of Ariz. v. Flagstaff DairyCourt of Appeals of Arizona · 1977
- First National Bank v. Board of EducationAppellate Court of Illinois · 1979
- First Finance Co. v. AkathiotisAppellate Court of Illinois · 1969
- Chemical Bank v. Penny Plate, Inc.New Jersey Superior Court Appellate Division · 1976
3Cited by10 opinions
- Pioneer Commercial Funding Corp. v. United Airlines, Inc.District Court, S.D. New York · 1991
- Great So. Nat. v. McCullough Env. Serv.Mississippi Supreme Court · 1992
- Leon Warrington v. Ray DawsonCourt of Appeals for the Fifth Circuit · 1986
- Hall Bros. Construction Co. v. Mercantile National Bank of IndianaIndiana Court of Appeals · 1994
- Old Kent Bank-Southeast v. City of DetroitMichigan Court of Appeals · 1989
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