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BANKING BOARD v. TURNER INDUSTRIAL BANK

No. 22416.

437 P.2d 531 (1968)

BANKING BOARD of the State of Colorado, Harry Bloom, as Chairman of the Banking Board of the State of Colorado and as State Bank Commissioner, and Harry Bloom, Pierpont Fuller, Glen B. Clark, E. L. Bacon, I. K. Hoyle, H. E. McKeever and Robert T. Haver, comprising the Banking Board of the State of Colorado, Plaintiffs in Error, v. TURNER INDUSTRIAL BANK, Defendant in Error.

Supreme Court of Colorado, En Banc.

February 19, 1968.

Attorney(s) appearing for the Case

Duke W. Dunbar, Atty. Gen., Frank E. Hickey, Deputy Atty. Gen., A. Frank Vick, Jr., Asst. Atty. Gen., Denver, for plaintiffs in error.

Hellerstein & Hellerstein, L. A. Hellerstein, Kenneth L. Kleinsmith, Denver, Colo., for defendant in error.

Benjamin F. Stapleton, Jr., Denver, M. O. Shivers, Jr., Englewood, amicus curiae.

DAY, Justice.

We will refer to plaintiff in error Banking Board of the State of Colorado as the Board and to the defendant in error as applicant—a duly licensed and operating industrial bank which petitioned the Board for permission to convert to a full fledged banking operation pursuant to statute, C.R. S.1963, 14-17-10.

This writ of error is directed to a district court judgment reversing the Board's action in denying applicant a state commercial...

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