Cattle Bank & Trust of Lincoln is seeking repayment of $65,556 for a loan given to one of Marshbanks’ limited liability companies, 1 Chronicles 29:11 LLC.Then, in July 2020, Marshbanks - again without his partner’s authorization - obtained “cash out” refinancing loans against the three properties for his personal benefit. When Trost became aware of the transfer nine months later, Marshbanks assured him that he would transfer the properties back. Trost, in his legal claim, stated that Marshbanks had unilaterally transferred three Lincoln rental properties out of BTAM to another one of his businesses in September of 2020. Bryan Trost, a 50% partner with Marshbanks in a business formed in 2011 called BTAM Enterprises, is seeking payment of $721,612 for properties purchased.Pinnacle Bank of Gretna is seeking repayment of $1.6 million in connection with loans made to Marshbanks and a group of investors for Echo Hills Apartments LLC, a complex near 150th Street and Chandler Road in Sarpy County. Court records indicate the bank loaned Echo Hills $21.4 million in October 2020, then amended the loan to $31.8 million in June 2022 with Marshbanks’ personal guarantee of $1.588 million.Liberty First Credit Union of Lincoln is seeking repayment of $6.1 million for 37 secured and unsecured loans granted to Marshbanks in mid-2022.Meanwhile, a handful of new claims have been filed against the Marshbanks estate in recent weeks, pushing the claims above $50 million. 9 in the event matters couldn’t be worked out. “There’s a lot going on in this case,” the judge said, adding that she didn’t want to schedule a court hearing every time parties seeking funds had an issue, that is Hotz’s job. Parsley told the parties to work out their dispute with the attorney she appointed as the special, personal representative to settle the estate, Edward Hotz. 15 and 17.īut other parties seeking funds from the Marshbanks estate objected to the buyout, which prompted a court hearing Wednesday before Lancaster County Judge Holly Parsley. The lawyer, Thomas Anderson, said an emergency existed because one of the banks that loaned money to MKAM, First State Bank Nebraska, had scheduled trustee sales on some of the properties for Feb. Work it out with special representativeĪ lawyer for the partner, Michael Kramer, has maintained that allowing his client to buy out his 50% interest in 21 properties in Omaha and Lincoln would generate more assets for the estate to distribute to the banks, savings and loans and credit unions that were owed money by Marshbanks. The claims include allegations that Marshbanks and a business adviser obtained millions of dollars of loans by claiming collateral that didn’t exist.ĭuring a 30-minute court hearing Wednesday, lawyers discussed a request by a business partner of Marshbanks to buy out his interest in a limited liability corporation called MKAM, formed to purchase properties with loans and either rent or “flip” them after they were remodeled. Since Marshbanks’ death, financial institutions have filed numerous legal claims against his estate. Both the FBI and state banking officials are investigating. 2 in a downtown Lincoln parking garage, has been implicated in one of the biggest cases of bank fraud in state history. LINCOLN - As claims against the estate of deceased Lincoln businessman Aaron Marshbanks grew to more than $50 million, a judge told some parties seeking funds Wednesday to work out their differences outside court.

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