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HOLCOMB STATE BANK v. FDIC

No. 2-88-0006.

180 Ill. App.3d 840 (1989)

536 N.E.2d 453

HOLCOMB STATE BANK, Petitioner-Appellant, v. FEDERAL DEPOSIT INSURANCE CORPORATION, Respondent-Appellee.

Appellate Court of Illinois — Second District.

Opinion filed March 22, 1989.

Attorney(s) appearing for the Case

Edward T. Graham, of Wheaton, for appellant.

Michael F. O'Brien and Donald Q. Manning, both of Clark, McGreevy & Johnson, P.C., of Rockford, for appellee.

Judgment affirmed.

JUSTICE DUNN delivered the opinion of the court:

Petitioner, Holcomb State Bank, appeals from a grant of summary judgment in favor of respondent, Federal Deposit Insurance Corporation (FDIC), in this action for payment on a loan participation agreement. Holcomb contends (1) that the trial court improperly applied the doctrine of collateral estoppel in determining that Holcomb's rights under a participation agreement had already been determined...

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