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CHRISTENSON v. BROADWAY BANK & TRUST CO.

No. 83-2386.

129 Ill. App.3d 928 (1984)

473 N.E.2d 431

ROBERT C. CHRISTENSON, Plaintiff-Appellee, v. BROADWAY BANK AND TRUST COMPANY, Defendant-Appellee (Federal Deposit Insurance Corporation, Receiver of Penn Square Bank, N.A., Proposed Intervening Defendant-Appellant).

Appellate Court of Illinois — First District (1st Division).

Opinion filed December 24, 1984.

Attorney(s) appearing for the Case

Michael F. O'Brien, of Paddock, McGreevy & Johnson, of Rockford, for appellant.

Mairen C. Kelly and Edward J. Egan, both of Chicago, for appellee Robert C. Christenson.

Kanter & Mattenson, Ltd., of Chicago, for appellee Broadway Bank and Trust Company.

Judgment affirmed.

JUSTICE McGLOON delivered the opinion of the court:

The Federal Deposit Insurance Corporation (FDIC) appeals the denial of its petition to intervene in a suit for injunctive relief brought by plaintiff, Robert C. Christenson, against Broadway Bank and Trust Company. On appeal, FDIC argues it is entitled to intervene as a matter of right because it is the successor beneficiary of a letter of credit which is the subject of the suit for injunctive...

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