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EASTLAND BANK v. MASSBANK FOR SAVINGS

Civ. A. No. 90-319L.

767 F.Supp. 29 (1991)

EASTLAND BANK v. MASSBANK FOR SAVINGS.

United States District Court, D. Rhode Island.

June 18, 1991.

Attorney(s) appearing for the Case

William Grimm, Hinckley, Allen, Snyder & Comen, Providence, R.I., for plaintiff.

Raymond Brassard, Rackemann, Sawyer & Brewster, Boston, Mass., Robert D. Fine, Providence, R.I., for defendant.

MEMORANDUM AND ORDER

LAGUEUX, District Judge.

This matter is presently before the Court on the motions of defendant Massbank for Savings ("Massbank") for summary judgment. Massbank, the beneficiary of a letter of credit issued by plaintiff Eastland Bank ("Eastland"), requests entry of summary judgment not only on Eastland's amended complaint for declaratory relief, but also on all four of its counterclaims seeking a monetary award.

Eastland's amended...

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