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EVANSTON BANK v. FIRST NATIONAL BANK

No. 85-0208.

132 Ill. App.3d 910 (1985)

478 N.E.2d 521

EVANSTON BANK, Plaintiff-Appellee, v. FIRST NATIONAL BANK OF WHEATON, Defendant-Appellant.

Appellate Court of Illinois — First District (5th Division).

Opinion filed April 26, 1985.

Attorney(s) appearing for the Case

Irving Faber and Richard Karr, both of Irving Faber & Associates, Ltd., of Chicago, for appellant.

W. Scott Porterfield, of Fishman, Merrick & Perlman, P.C., of Chicago, for appellee.

Order reversed.

JUSTICE SULLIVAN delivered the opinion of the court:

Defendant appeals from an order appointing a receiver to take possession of a certain 11-apartment building. It contends that the trial court had no authority to appoint the receiver and, alternatively, that the grounds presented for the appointment were insufficient.

It appears that plaintiff had loaned $300,000 to Gary-Wheaton Bank, as trustee, and Patricia Christiansen, as beneficiary...

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