STATE BANKING BD. v. PROPOSED HOUSTON BANK

No. 7716.

528 S.W.2d 123 (1975)

STATE BANKING BOARD et al., Appellants, v. PROPOSED HOUSTON BANK OF HOUSTON et al., Appellees.

Court of Civil Appeals of Texas, Beaumont.

October 16, 1975.


Attorney(s) appearing for the Case

John Banks, Austin, James T. Wright, Houston, for appellants.

Arthur Mitchell, Austin, for appellees.


STEPHENSON, Justice.

This is an appeal from an order of the District Court ordering the State Banking Board to grant a charter to the Proposed Houston General Bank of Houston, Texas (Proposed Bank). The State Banking Board had denied the application for a charter on two grounds, that there was "no public necessity" for the bank and "no volume of business such as to indicate a profitable operation." Six banks located in the area of the Proposed Bank intervened.

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