Legal Opinion
Eastern Illinois Trust & Savings Bank v. Sanders
District Court, N.D. Illinois
Decided April 2, 1986No. 84 C 4579PublishedCited by 12 opinions
1Opinion of the Court
MEMORANDUM AND ORDER
MORAN, District Judge.
BACKGROUND
On May 30, 1984, Eastern Illinois Trust & Savings Bank of Momence, Illinois (“Eastern”) filed a complaint against the Small Business Administration (“SBA”) and its administrator, James C. Sanders, seeking damages for the SBA’s refusal to honor its contractual obligation to purchase a 90 per cent share of three SBA-guaranteed loans which had gone into default. On August 8, 1984, the SBA filed its answer, contending that Eastern’s violations of the lender compensation provisions of the guaranty agreement released the SBA from its obligation to…
2Cases cited6 opinions
- United States v. Charles C. Hibbs, and Fairhill Company, IncCourt of Appeals for the Third Circuit · 1977
- Miller v. United StatesUnited States Court of Claims · 1977
- United States v. WoodburyCourt of Appeals for the Ninth Circuit · 1966
- First National Bank, Henrietta v. Small Business AdministrationCourt of Appeals for the First Circuit · 1970
- Brunswick Bank & Trust Company v. The United StatesCourt of Appeals for the Federal Circuit · 1983
1 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- The First Interstate Bank of Idaho v. The Small Business Administration and James C. Sanders, Administrator, Small Business AdministrationCourt of Appeals for the First Circuit · 1989
- Eastern Illinois Trust & Savings Bank v. SandersCourt of Appeals for the Seventh Circuit · 1987
- Heritage Bank & Trust Co. v. AbdnorCourt of Appeals for the Seventh Circuit · 1990
- Fireman's Fund Mortgage Corp. v. ZollicofferDistrict Court, N.D. Illinois · 1989
- Scherer v. Rockwell International Corp.District Court, N.D. Illinois · 1991
7 more not listed; retrieve them via the Exa API.