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NORTH HILLS BANK v. BOARD OF GOV. OF FED. RES. SYS.

No. 74-1267.

506 F.2d 623 (1974)

NORTH HILLS BANK et al., Petitioners, v. BOARD OF GOVERNORS OF the FEDERAL RESERVE SYSTEM, Respondent.

United States Court of Appeals, Eighth Circuit.

Decided November 14, 1974.

Attorney(s) appearing for the Case

Edward E. Schmitt, J. Nelson Happy and Roy R. Darke, Kansas City, Mo., for petitioners.

Carla A. Hills, Asst. Atty. Gen., and Stephen F. Eilperin and Robert S. Greenspan, Attys., Dept. of Justice, Washington, D. C., for respondent.

David F. Ulmer and Gerard K. Sandweg, Jr., St. Louis, Mo., for intervenors.

Before VOGEL, Senior Circuit Judge, and LAY and STEPHENSON, Circuit Judges.

VOGEL, Senior Circuit Judge.

In this case we are asked to review an order of the Board of Governors of the Federal Reserve System (Board) which approved the acquisition of Mercantile National Bank of Clay County (Bank), a newly chartered national banking institution, by Mercantile Bancorporation, Inc. (Mercantile), a registered bank holding company.

On October 11, 1973, Mercantile Bancorporation, Inc., applied to the Board pursuant to § 3(a)(3) of the...

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