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STATE EX REL. BANKING COM'N v. LUCAMA-KENLY BANK

No. 7310SC191.

195 S.E.2d 69 (1973)

17 N.C. App. 557

STATE of North Carolina on relation of the BANKING COMMISSION, and Peoples Bank and Trust Company v. LUCAMA-KENLY BANK.

Court of Appeals of North Carolina.

Certiorari Denied April 30, 1973.

Attorney(s) appearing for the Case

Sanford, Cannon, Adams & McCullough by Hugh Cannon, E. D. Gaskins, Jr., and Robert W. Spearman, Raleigh, for applicants appellees.

Jordan, Morris & Hoke by John R. Jordan, Jr., and William R. Hoke, Raleigh, J. Russell Kirby, Wilson, for defendant appellant.

Certiorari Denied by Supreme Court April 30, 1973.

VAUGHN, Judge.

Any bank doing business under the provisions of Chapter 53 of the General Statutes of North Carolina may establish branches after obtaining the written approval of the Commissioner of Banks. Approval may be granted or withheld by the Commissioner in his discretion. G.S. § 53-62. The applicable statute further provides:

"The Commissioner of Banks, in exercising such discretion...

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