District Court, N.D. Illinois July 7, 1995, 92 C 1679 (FIRST NAT. BANK IN HARVEY v. Colonial Bank)

MEMORANDUM OPINION

GRADY, District Judge.

Before the court are the parties’ cross-motions for summary judgment. For the reasons explained, plaintiff First National Bank in Harvey’s motion is granted in part and denied in part. Defendant Colonial Bank’s motion is granted in part and denied in part. Defendant Federal Reserve Bank of Chicago’s motion is granted.