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BANK OF COMMERCE, STILLWELL, OK. v. BANKING BOARD

No. 47162.

534 P.2d 923 (1975)

BANK OF COMMERCE, STILLWELL, OKLAHOMA, Appellant, v. The BANKING BOARD of the State of Oklahoma et al., Appellees.

Supreme Court of Oklahoma.

April 22, 1975.

Attorney(s) appearing for the Case

R. Forney Sandlin, Muskogee, for appellant.

Sam P. Daniel, Jr., Doerner, Stuart, Saunders, Daniel & Langenkamp, Tulsa, for appellees.

SIMMS, Justice:

An application for authority to organize a bank, to be known as The First State Bank of Adair County, in Stillwell, Oklahoma, was denied by the Banking Board of Oklahoma for the reasons that (1) the public need and advantage will not be promoted by the establishment of the proposed bank, and (2) the conditions in the community in which the bank would transact business do not afford a reasonable promise of...

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