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BANK OF GLENWOOD v. ARK. STATE BANK. BD.

No. 76-157.

543 S.W.2d 761 (1976)

BANK OF GLENWOOD, Appellant, v. ARKANSAS STATE BANKING BOARD et al., Appellees.

Supreme Court of Arkansas, In banc.

Rehearing Denied December 20, 1976.

Attorney(s) appearing for the Case

Wright, Lindsey & Jennings, Little Rock, for Bank of Glenwood.

Jim Guy Tucker, Atty. Gen. by Fred L. Frawley, Asst. Atty. Gen. and Harry E. Meek, Little Rock, for State Bank Department.

Stubblefield & Matthews, Little Rock, for intervenor.

GEORGE ROSE SMITH, Justice.

In July of 1975 an application was filed with the State Bank Commissioner for a charter for a new bank, to be named Caddo State Bank and to be located in the city of Glenwood. The application was resisted by the Bank of Glenwood, the only bank in the city. After the submission of extensive proof by both parties the State Banking Board entered an order granting the application upon the basis of...

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