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MORRILTON FED. S. & L. ASS'N v. ARKANSAS VAL. S. & L. ASS'N

No. 5-4352.

420 S.W.2d 923 (1967)

243 Ark. 627

MORRILTON FEDERAL SAVINGS & LOAN ASSOCIATION et al., Appellants, v. ARKANSAS VALLEY SAVINGS & LOAN ASSOCIATION et al., Appellees.

Supreme Court of Arkansas.

December 4, 1967.

Attorney(s) appearing for the Case

Ike Allen Laws, Jr., Russellville, Phillip H. Loh, Morrilton, and Lester & Shults, Little Rock, for appellants.

Smith, Williams, Friday & Bowen, by Ben Allen, Little Rock, for appellees.

GEORGE ROSE SMITH, Justice.

The appellees applied to the Savings and Loan Association Board for a charter under which they would do business as the Arkansas Valley Savings & Loan Association, in Russellville. The application was opposed by two Russellville banks and by three savings and loan associations—one at Russellville, one at Clarksville, and one at Morrilton. After an extensive hearing, at which much testimony was heard, the Board granted the charter...

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