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TERRE HAUTE SAV. BANK v. INDIANA STATE BANK

No. 1-677A122.

380 N.E.2d 1288 (1978)

TERRE HAUTE SAVINGS BANK, Respondent-Appellant, v. INDIANA STATE BANK, the Merchants National Bank of Terre Haute, and Terre Haute First National Bank, Petitioners-Appellees, the Department of Financial Institutions of the State of Indiana, Respondent-Appellee.

Court of Appeals of Indiana, First District.

Rehearing Denied November 14, 1978.

Attorney(s) appearing for the Case

Bingham, Summers, Welsh & Spelman, Indianapolis, Louis D. Nattkemper, Terre Haute, Matthew E. Welsh, John P. Price, Grace M. Curry, Jonathan L. Birge, Indianapolis, for respondent-appellant.

Cox, Zwerner, Gambill & Sullivan, W.N. Cox, Patrick, Ratcliffe, Gabbert, Wilkinson, Goeller & Modesitt, Terre Haute, Craig, Craig & Yelton, Brazil, for petitioners-appellees.

LYBROOK, Presiding Judge.

Petitioners-appellees Indiana State Bank, The Merchants National Bank of Terre Haute and Terre Haute First National Bank (Petitioners) filed a complaint with respondent-appellant The Department of Financial Institutions of the State of Indiana (Department), alleging that respondent-appellee Terre Haute Savings Bank (Respondent) was offering checking account services in violation of law, and praying for a cease and desist order against Respondent...

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