VALLEY STATE BANK OF CANTON v. FARMERS STATE BANK

Nos. 11238-11244.

213 N.W.2d 459 (1973)

Application of the Valley State Bank of Canton for Approval of its Articles of Incorporation and for Authority to Engage in Business. VALLEY STATE BANK OF CANTON and South Dakota State Banking Commission, Appellants, v. FARMERS STATE BANK OF CANTON, Respondent.

Supreme Court of South Dakota.

Decided December 20, 1973.


Attorney(s) appearing for the Case

M. T. Woods, Woods, Fuller, Shultz & Smith, Sioux Falls, for appellant, Valley State Bank of Canton.

Michael J. McGreevy, Asst. Atty. Gen., Pierre, for appellant, South Dakota State Banking Commission; Kermit A. Sande, Atty. Gen., on the brief.

Samuel W. Masten, Canton, for respondent, Farmers State Bank of Canton.


HALL, Circuit Judge.

On September 13, 1971, a "Notice of Intention to Organize and to File Articles of Incorporation with the State Banking Commission, for a State Bank under Chapter 51-17 SDCL" was filed with the State Banking Commission on behalf of appellant Valley State Bank of Canton, seeking a charter to open a banking service in Canton, South Dakota.

Pursuant thereto, the Banking Commission caused a "Notice of Hearing" to be published in the legal newspaper...

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