A boat manufacturer incorporated under the name “Glasco, Inc.,” but operated its business solely under the name “Elite Boats, Division of Glasco, Inc.” When Citizens Bank agreed to finance Glasco’s marine engines, it filed a UCC-1 financing statement listing the debtor as “Elite Boats, Division of Glasco, Inc.” Glasco later filed for bankruptcy. Since the financing statement only listed Glasco’s trade name, it did not come up on the bankruptcy trustee’s search. The trustee sold the engines to a third party. The bank sued the trustee for the proceeds of the sale, arguing the financing statement was adequate. What result?