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JACKSON v. VALLEY NATIONAL BANK OF EAGAN TOWNSHIP

No. 40161.

152 N.W.2d 472 (1967)

In re Application of William JACKSON, et al. for certificate authorizing Burnsville State Bank to transact business in that name in Burnsville, Relators, v. VALLEY NATIONAL BANK OF EAGAN TOWNSHIP, Respondent, Savage State Bank, First State Bank of Rosemount and First National Bank of Lakeville, objectors, Respondents.

Supreme Court of Minnesota.

July 28, 1967.

Attorney(s) appearing for the Case

Thuet & Todd, So. St. Paul, for relators.

Oppenheimer, Hodgson, Brown, Wolff & Leach, Sherman Winthrop, J. A. Jensen, and Steven J. Olson, St. Paul, for Valley Nat. Bank of Eagan Tp.

Daniel John O'Connell, St. Paul, for Savage State Bank.

OPINION

ROGOSHESKE, Justice.

Relators submitted an application to the State Commerce Commission requesting a certificate authorizing the proposed Burnsville State Bank to transact business in the village of Burnsville. Several banks in the area where the proposed bank would be located opposed the issuance of this certificate. After a full hearing extending over a period of 5 days, the application was denied upon a finding that the applicants, as required...

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