Reilly v. First National Bank & Trust Co.

This was an action by the plaintiff, John P. Reilly, against the defendant, First National Bank & Trust Co., Beatrice, Nebraska, to determine the priority of liens on the proceeds of the 1982 crop raised by Meyer Farms, Inc. The proceeds were deposited in an interest-bearing escrow account pending the determination of this action.

Since the action is equitable in nature, the review in this court is de novo on the record, but we consider that the trial court saw and heard the witnesses and accepted one version of the facts rather than another.

The record shows that the defendant bank was the…