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BANK OF NORTH CAROLINA v. ROCK ISLAND BANK

No. RI-CIV-76-16.

471 F.Supp. 1301 (1979)

BANK OF NORTH CAROLINA, N. A., Plaintiff, v. The ROCK ISLAND BANK, Defendant.

United States District Court, C. D. Illinois.

June 4, 1979.

Attorney(s) appearing for the Case

Robert J. Noe, Moline, Ill., for plaintiff.

Peter H. Lousberg and John Lewarne, Rock Island, Ill., Robert A. Helman, George V. Bobrinskoy, Jr. and Stanley J. Parzen, Chicago, Ill., for defendant.

DECISION AND ORDER

ROBERT D. MORGAN, Chief Judge.

Plaintiff, Bank of North Carolina,1 filed its complaint against The Rock Island Bank,2 alleging that Rock Island did, on June 5, 1969, issue an irrevocable letter of credit, "or commitment," to purchase at maturity a certain promissory note of Lorraine Realty Corporation.3 A copy of the note in the principal amount of ...

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