Normally, the first to perfect has priority, but the holder of a purchase money security interest can obtain priority over a previously perfected...

Normally, the first to perfect has priority, but the holder of a purchase moneysecurity interest can obtain priority over a previously perfected security interest ininventory. This requires that the purchase money security interest holder notify theearlier perfected party (First Bank here) prior to the debtor taking possession,which did not happen. Thus, First Bank has priority.[