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AUTO-OWNERS INS. CO. v. SO. SIDE TR. & S. BK.

Nos. 3-88-0117, 3-88-0133 cons.

176 Ill. App.3d 303 (1988)

531 N.E.2d 146

AUTO-OWNERS INSURANCE COMPANY, Plaintiff-Appellant and Counterdefendant-Appellee, v. SOUTH SIDE TRUST AND SAVINGS BANK, Defendant-Appellee and Counterplaintiff-Appellant.

Appellate Court of Illinois — Third District.

Opinion filed November 22, 1988.

Attorney(s) appearing for the Case

Timothy L. Bertschy and Bradford B. Ingram, both of Heyl, Royster, Voelker & Allen, of Peoria, for Auto-Owners Insurance Company.

Franklin L. Renner, of Littler, Renner, Howard & Wombacher, of Peoria, for South Side Trust & Savings Bank.

Judgment affirmed.

JUSTICE SPITZ delivered the opinion of the court:

This appeal and cross-appeal arise from an action initiated by plaintiff Auto-Owners Insurance Company against defendant South Side Trust and Savings Bank in the circuit court of Peoria County. Plaintiff sought to have the trial court reform a letter of credit issued by defendant to secure a performance bond issued by plaintiff on behalf of Grawey Electric, Inc. Defendant counterclaimed to...

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