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HANCOCK BANK v. GADDY

No. 48538.

328 So.2d 361 (1976)

HANCOCK BANK et al. v. Ira GADDY, Jr., et al., Incorporators of Proposed First State Bank and Trust Company.

Supreme Court of Mississippi.

March 9, 1976.

Attorney(s) appearing for the Case

Mize, Thompson & Blass, White & Morse, Gulfport, Stennett, Wilkinson & Ward, James A. Peden, Jr., Horace Steele, Howie, Montgomery & Montjoy, Jackson, W.H. Montjoy, Greenwood, for appellants.

Martin & Taylor, Gulfport, Fox & Gowan, Jackson, for appellees.

Before PATTERSON, ROBERTSON and SUGG, JJ.

ROBERTSON, Justice:

After a full three-day hearing before the State Banking Board, the board approved the application of the prospective incorporators for a certificate of authority to incorporate the First State Bank and Trust Company, Gulfport, Mississippi. Hancock Bank, Gulf National Bank and Merchants Bank and Trust Company, appealed to the Chancery Court of the First Judicial District of Harrison County. That Court affirmed the decision of the State Banking Board...

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