Arena Auto Auction, Inc. v. MECUM'S COUNTRYSIDE MOTOR COMPANIES, INC.

Plaintiff, Arena Auto Auction, Inc. (Arena), appeals from an order in which the trial court held that defendant Amcore Bank’s (Am-core’s) security interest in certain automobiles was superior to Arena’s, and, therefore, Amcore was entitled to approximately $126,197.76 held in escrow. On appeal, Arena raises two arguments: (1) whether Amcore’s security interest attached to the subject vehicles and (2) whether Arena properly filed its financing statement.

Arena is a corporation which conducts the sale of motor vehicles at auctions. Its principal place of business is in Bolingbrook, Illinois.…