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PEOPLES STATE BANK v. STATE BANK OF TOWNER

Civ. No. 9335.

258 N.W.2d 144 (1977)

PEOPLES STATE BANK OF VELVA, Plaintiff/Appellee, v. STATE BANK OF TOWNER and the State Banking Board, Defendants/Appellants.

Supreme Court of North Dakota.

October 3, 1977.

Attorney(s) appearing for the Case

Frank F. Jestrab, Williston, Illona A. Jeffcoat-Sacco, Dept. of Banking & Financial Institutions, Bismarck, Sp. Asst. Atty. Gen., for defendant and appellant State Banking Board; argued by Frank F. Jestrab.

Donald R. Holloway and David O. Lee, Bismarck, for defendant and appellant State Bank of Towner; argued by David O. Lee.

Pringle & Herigstad, P. C., Minot, for plaintiff and appellee; argued by Thomas A. Wentz, Minot.

PAULSON, Judge.

This is an appeal by the defendants, the State Bank of Towner and the North Dakota State Banking Board [hereinafter the Bank of Towner and the Banking Board respectively], from a preliminary injunction issued by the District Court of McHenry County on March 18, 1977. Said injunction was granted to the plaintiff, Peoples State Bank of Velva [hereinafter Bank of Velva], temporarily enjoining the Bank of Towner from operating a paying and receiving station...

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