First Bank of North Dakota (n.a.)--jamestown, a National Banking Association v. The Pillsbury Company, a Delaware Corporation

LAY, Chief Judge.

First Bank of North Dakota (N.A.)Jamestown (the Bank) brought this action against the Pillsbury Company (Pillsbury) for conversion of grain in which the Bank claimed a security interest. The district court 1 granted summary judgment in favor of the Pillsbury Company and dismissed the Bank’s claim. The Bank now appeals. We affirm.

I. Background

The Bank loaned large sums of money (in excess of $3,000,000) to Freddie and Marlys Mutschler, who were prominent farmers in Jamestown, North Dakota. The Mut-schlers gave the Bank a lien on their crops, as partial security for the loans.…