Citizens State Bank v. Peoples Bank

NEAL, Judge.

STATEMENT OF THE CASE

Defendant-appellant, The Citizens State Bank (Citizens), appeals from a judgment of the Bartholomew Circuit Court determining plaintiff-appellee, The Peoples Bank (Peoples), possessed a lien superior to that of Citizens on personal property of Kenneth Bode (Bode) in Peoples' action to fore-elose on a promissory note and security interest in Bode's farm equipment.

STATEMENT OF THE FACTS

The facts are undisputed. In November 1979, Bode, a resident of Bartholomew County, executed an installment note and security agreement with Peoples. A financing statement was…