REPUBLIC BANK OF CHICAGO v. 1st ADVANTAGE BANK

No. 1-12-0885.

2013 IL App (1st) 120885

REPUBLIC BANK OF CHICAGO, Plaintiff-Appellee, v. 1ST ADVANTAGE BANK; ABCO LEASING, INC.; ACADEMIC CAPITAL GROUP, INC.; ADVANCE FINANCIAL SOLUTIONS, INC.; ALERUS FINANCIAL, N.A.; ALFA FINANCIAL, N.A.; ALFA FINANCIAL CORPORATION DBA OFC CAPITAL; ALL POINTS CAPITAL CORPORATION.; ALLIANCE COMMERCIAL CAPITAL, INC.; ALLIANCE LEASING, INC.; ALTEC CAPITAL (QUAIL CAPITAL); ALTEC CAPITAL SERVICES, LLC; AMERICAN BANK, FSB; AMERICAN BANK LEASING CORPORATION; AMERICAN CHARTERED BANK; ASSOCIATED BANK, NATIONAL ASSOCIATION; AUTO CAPITAL GROUP; BMT LEASING, INC.; BALBOA LEASING; BANK MIDWEST, N.A.; BANK OF DIXON COUNTY; BANK OF THE WEST; BARRETT TRADE AND FINANCE GROUP, LLC; BRYN MAWR; BUTLER CAPITAL CORPORATION; CFC INVESTMENT COMPANY; CM FINANCIAL; CENTER CAPITAL CORPORATION; CENTER NATIONAL BANK; CHARTER NATIONAL BANK AND TRUST; CHERRY CREEK ASSET-BACKED INCOME FUND, L.P.; CITIZENS BANK AND TRUST COMPANY OF CHICAGO; COACTIV CAPITAL PARTNERS, LLC; COMERICA LEASING, a Division of Comerica Bank; COURT SQUARE LEASING CORPORATION; CROSSROADS BANK; CUPERTINO NATIONAL BANK, c/o Greater Bay Equipment Finance; DEERBART FINANCIAL SERVICES COMPANY; DIAMOND LEASE U.S.A., INC.; ENTERPRISE FUNDING GROUP LLC; EQUILEASE FINANCIAL SERVICES, INC.; EQUIPMENT ACQUISITION RESOURCES, INC.; EVANS NATIONAL LEASING, INC.; EVERGREEN LEASING, INC.; FARMERS AND MERCHANTS BANK; FIFTH THIRD BANK (CHICAGO); FIRST BANK; FIRST BANK AND TRUST; FIRST COMMUNITY BANK; FIRST CREDIT FUNDING, LLC; FIRST DUPAGE BANK; FIRST FEDERAL SAVINGS BANK; FIRST MIDWEST BANK; FIRST MUTUAL BANK; FIRST NATIONAL BANK OF McHENRY; FIRST NATIONAL EQUIPMENT FINANCING, INC.; FIRST PREMIER CAPITAL, LLC; FIRSTLEASE INC.; GIS ROLLING, L.L.C.; GIS VENTURE; HEWLETT-PACKARD FINANCIAL SERVICES COMPANY; HIGHLAND BANK; HOME FEDERAL SAVINGS BANK; HORIZON BANK; IBM CREDIT LLC; IRWIN BUSINESS FINANCE CORPORATION; KCL, LLC; KLC FINANCIAL, INC.; KSP ACQUISITION CORPORATION; KEY GOVERNMENT FINANCE, INC.; LFC CAPITAL, INC.; LAKELAND BANK EQUIPMENT LEASING DIVISION; LEAF FUNDING, INC.; LEASECORP, INC.; LEASING INNOVATIONS, INC.; LEASING ONE CORPORATION; LIBERTYVILLE BANK AND TRUST; LOYALTY FINANCE, INC.; LYON FINANCIAL SERVICES, INC.; MB FINANCIAL BANK N.A.; MANUFACTURERS ACCEPTANCE CORPORATION DBA HERITAGE PACIFIC LEASING; MARLIN LEASING CORPORATION; MICHIGAN HERITAGE BANK; MILLENNIUM BANK; MINWEST BANK; NATIONAL CITY COMMERCIAL CAPITAL COMPANY, LLC; NATIONAL CITY COMMERCIAL CAPITAL CORPORATION; NORSTATES BANK; NORTHWAY STATE BANK; OFC CAPITAL CORPORATION; PNB CAPITAL LEASING, LP; PENTECH FINANCIAL SERVICES, INC.; PEOPLE'S CAPITAL AND LEASING CORPORATION; PEOPLE'S NATIONAL BANK OF KEWANEE; PLAINS CAPITAL LEASING, LP; PULLMAN BANK AND TRUST COMPANY; RED OAK CAPITAL; ROCKFORD CAPITAL LEASING, INC.; SG EQUIPMENT FINANCE USA CORPORATION; SHERMAN AND COMPANY; SKY BANK LEASING; SOVEREIGN BANK; STAR FINANCIAL BANK; STATE FINANCIAL BANK; STEFAN SYDOR OPTICS; STERLING NATIONAL BANK; SUNTRUST LEASING CORPORATION; SUSQUEHANNA COMMERCIAL; TD BANKNORTH LEASING CORPORATION; THE COMMUNITY BANK; THE NORTH SIDE BANK AND TRUST COMPANY; TOWN AND COUNTRY LEASING LLC; TRINITY, a Division of Bank of the West; UC BANCORP; US FINANCIAL, LLC; VARILEASE TECHNOLOGY FINANCE GROUP, INC.; VELOCITY LEASE FUNDING, LLC; WAUKEGAN SAVINGS BANK; and UNKNOWN CLAIMANTS, Defendants (Icon Ear, LLC, and Icon Ear II, LLC, Defendants-Appellants

Appellate Court of Illinois, First District, First Division.

Filed September 16, 2013.


Attorney(s) appearing for the Case

Reed Smith, LLP, of Chicago ( Stephen T. Bobo , Michael D. Richman , and Peter M. Stasiewicz , of counsel), for appellants.

Ruff, Weidenaar & Reidy, Ltd., of Chicago ( Edward P. Freud and Michael B. Bregman , of counsel), for appellee.

Presiding Justice Connors and Justice Hoffman concurred in the judgment and opinion.


OPINION

JUSTICE CUNNINGHAM delivered the judgment of the court, with opinion.

¶ 1 This appeal arises from a March 6, 2012 order entered by the circuit court of Cook County which granted summary judgment in favor of plaintiff-appellee Republic Bank of Chicago (Republic Bank). On appeal, defendants-appellants Icon Ear, LLC, and Icon Ear II, LLC (collectively, Icon), argue that: (1) the trial court erred in granting summary judgment in favor of Republic...

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