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VALLEY BANK AND TRUST CO. v. HOLYOKE COMMUNITY FEDERAL CREDIT UNION

No. 04CA0200.

121 P.3d 358 (2005)

VALLEY BANK AND TRUST COMPANY, a Nebraska corporation, Plaintiff-Appellee, v. HOLYOKE COMMUNITY FEDERAL CREDIT UNION, Defendant-Appellant.

Colorado Court of Appeals, Div. I.

August 25, 2005.

Attorney(s) appearing for the Case

Rothgerber Johnson & Lyons LLP, Brent R. Cohen, Stephen E. Csajaghy, Denver, Colorado, for Plaintiff-Appellee.

Alvin R. Wall, Holyoke, Colorado, for Defendant-Appellant.

MARQUEZ, J.

In this dispute over priority of security interests, defendant, Holyoke Community Federal Credit Union (Credit Union), appeals a summary judgment in favor of plaintiff, Valley Bank and Trust Company (Bank). We reverse.

Beginning in April 2000, Bank was a floor plan lender providing financing to an automobile dealership in Holyoke to purchase vehicles manufactured by General Motors Corporation. In exchange...

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