OAK TR. & SAV. BK v. CHICAGO TITLE & TR.

No. 3-84-0077.

129 Ill. App.3d 250 (1984)

472 N.E.2d 497

OAK TRUST AND SAVINGS BANK, Plaintiff-Appellant and Cross-Appellee, v. CHICAGO TITLE AND TRUST COMPANY, Trustee, et al., Defendants (Timothy M. Crowley et al., Defendants-Appellees and Cross-Appellants).

Appellate Court of Illinois — Third District.

Rehearing denied January 10, 1985.


Attorney(s) appearing for the Case

David M. Lynch, of Lynch & Bloom, and James H. Wilton, both of Peoria, for appellant.

Dennis R. Triggs, of Clem & Triggs, and Dean B. Rhoads, of Sutkowski & Washkuhn Associates, both of Peoria, for appellees.


Reversed and remanded.

JUSTICE STOUDER delivered the opinion of the court:

This appeal arises from the dismissal of a complaint filed by Oak Trust and Savings Bank (Oak Trust) by the circuit court of Peoria County. In June 1978, Oak Trust issued a letter of commitment for $450,000 to Timothy and Judith Crowley and Charles and Doris Rock to finance a project to construct two office buldings in Peoria. Subsequently a land trust was formed, with Chicago Title...

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