Legal Opinion
Flanagan v. Fidelity Bank
Superior Court of Pennsylvania
Decided January 20, 1995PublishedCited by 9 opinions
1Opinion of the Court
OLSZEWSKI, Judge:
In June 1968, Joseph Flanagan purchased a $9,900 certificate of deposit from Fidelity Bank. This two-year CD paid five percent interest. Flanagan was soon called for a tour of duty in Vietnam, and gave the CD to his father for safekeeping. Flanagan returned in 1971, but forgot about the CD. *518The Bank never sent Flanagan anything regarding the CD: no notice of maturity, no tax forms, no inquiry as to why Flanagan had not yet redeemed it.
In January of 1990, Flanagan found the CD and brought it to Fidelity Bank for redemption. The Bank had no records of the 1968 purchase, and…
2Cases cited2 opinions
- Meeting House Lane, Ltd. v. MelsoSuperior Court of Pennsylvania · 1993
- Rosenbaum v. NewhoffSupreme Court of Pennsylvania · 1959
3Cited by9 opinions
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- Liddle v. ScholzeSuperior Court of Pennsylvania · 2001
- Schmalz v. Manufacturers & Traders Trust Co.Superior Court of Pennsylvania · 2013
- Griffith v. Mellon Bank, N.A.District Court, E.D. Pennsylvania · 2004
- Indian Harbor Insurance v. F & M Equipment, Ltd.Court of Appeals for the Third Circuit · 2015
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