Regions Bank Inc. Missouri Cases

The Public School Retirement System of Missouri (PSRS) sued Regions Bank for breach of contract and negligence after the Bank repaid only the remaining balance of a deceased recipient's account, not the full amount of benefits deposited over two decades. The trial court found for PSRS on the contract claim and granted summary judgment for the Bank on the negligence claim. The appellate court reversed the contract judgment, holding that the contract, incorporating NACHA rules, limited the Bank's repayment obligation to the account balance. The court also affirmed the summary judgment on the negligence claim, finding the Bank owed no non-contractual duty to PSRS as a non-customer.