Metropolitan National Bank v. La Sher Oil Co.

Wendell L. Griffen, Judge.

Metropolitan National Bank (Bank) appeals from the trial court’s decision that it did not properly identify funds from accounts receivable of its customer, North Little Rock Materials (NLRM), in which the bank holds a security interest and which were deposited into NLRM’s account at the bank. As a result of the ruling, the trial court denied appellant’s motion to quash a writ of garnishment sought by appellee La Sher Oil Co., a judgment creditor of NLRM. The trial court stayed its order pending this appeal. We reverse and remand.

In 1998, the bank made a loan to NLRM…