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ANNECHINO v. WORTHY

No. 86220-6.

290 P.3d 126 (2012)

175 Wash.2d 630

Michael and Theresa ANNECHINO, husband and wife, Petitioners, v. Michael C. WORTHY and Susan Worthy, husband and wife and the marital community composed thereof, Joan Cooper, Kelli Reynolds, Umpqua Bank, successor in interest to Bank of Clark County, and Clark County Bancorporation, Respondents.

Supreme Court of Washington, En Banc.

Decided October 18, 2012.

Attorney(s) appearing for the Case

Michael E. Withey , Law Offices of Michael Withey, Seattle, WA., for Petitioners.

Stephen Garrett Leatham , Heurlin Potter Jahn Leatham & Holtmann, Vancouver, WA, for Respondents.

Philip Albert Talmadge , Sidney Charlotte Tribe , Talmadge/Fitzpatrick, Tukwila, WA, Justin David Bristol , Gourley Bristol Hembree, Snohomish, WA, for Amicus Curiae on behalf of Richard and Karen Applegate.

GONZÁLEZ, J.

¶ 1 This case asks us to decide whether particular officers and employees of a bank owed a quasi-fiduciary duty to particular bank depositors. Michael and Theresa Annechino deposited a large amount of money at a bank specifically to ensure that their savings would be protected by the Federal Deposit Insurance Corporation (FDIC). Depositors and banks generally deal at arm's length and do not owe one another quasi-fiduciary duties, but the Annechinos...

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