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PLATTE VALLEY BANK v. TETRA FINANCIAL GROUP, LLC

No. 11-1445.

682 F.3d 1078 (2012)

PLATTE VALLEY BANK, a Nebraska State Bank, Appellant, v. TETRA FINANCIAL GROUP, LLC, a Utah Limited Liability Company; Republic Bank, Inc., a Utah Corporation, Appellees.

United States Court of Appeals, Eighth Circuit.

Filed: June 26, 2012.

Attorney(s) appearing for the Case

John A. Selzer , argued, Howard P. Olsen, Jr. , on the brief, Scottsbluff, NE, for Appellant.

Richard F. Ensor , argued, Salt Lake City, UT, Tim W. Thompson , on the brief, North Platte, NE, for Appellees.

Before RILEY, Chief Judge, MELLOY and SHEPHERD, Circuit Judges.

RILEY, Chief Judge.

Platte Valley Bank (PVB), a Nebraska banking corporation, claimed a perfected security interest in certain equipment owned by Heggem Construction, Inc. (Heggem), a Wyoming corporation with its principal place of business in Scotts Bluff County, Nebraska. In late 2008, Heggem sold the equipment in a sale and leaseback transaction to Tetra Financial Group, LLC (Tetra), a Utah limited liability company whose...

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