Union Federal Savings Bank v. INB Banking Co. Southwest

BAKER, Judge.

This appeal concerns a dispute between two lending institutions, defendant-appellant Union Federal Savings Bank (Union Federal) and plaintiff-appellee INB Banking Company Southwest, successor in interest to The Peoples Savings Bank of Evansville, Indiana (jointly referred to as Peoples). The dispute arose over the priority of the banks’ competing security interests in a 1986 Wellcraft boat. The trial court found in favor of Peoples, and Union Federal appeals.

Union Federal raises two issues for our review, which we restate as:

I. Whether the trial court erred in finding Peoples…