First National Bank v. Acceptance Insurance Companies

Hannon, Judge.

I. INTRODUCTION

This action commenced with a petition of interpleader filed by the First National Bank of Omaha (FNB) asking the court to determine the ownership of approximately 20,396 shares of Acceptance Insurance Companies, Inc. (Acceptance), common stock which FNB was holding in escrow under agreements between Acceptance, Robert F. Swartzbaugh, and others. The litigated issues were between Acceptance and Swartzbaugh over the right to the shares and Swartzbaugh’s claim for damages for Acceptance’s alleged conversion of those shares. The trial court determined that Swartzbaugh…