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MINEOLA STATE BANK v. FIRST NAT. BANK OF MINEOLA

No. 12840.

574 S.W.2d 246 (1978)

MINEOLA STATE BANK et al., Appellants, v. The FIRST NATIONAL BANK OF MINEOLA, Appellee.

Court of Civil Appeals of Texas, Austin.

Rehearing Denied December 13, 1978.

Attorney(s) appearing for the Case

John L. Hill, Atty. Gen., Thomas A. Rutledge, Asst. Atty. Gen., Austin, for State Banking Board of Texas.

Larry E. Temple, Austin, for Mineola State Bank.

Joe R. Long, Gary Evatt, Long, Evatt & Webber, Austin, for appellee.

PHILLIPS, Chief Justice.

Pursuant to a hearing, the State Banking Board concluded that the application for charter of the Mineola State Bank met all the requirements of law and approved the application.

Thereafter, appellee appealed to the district court contesting the validity of the Board's order. Following trial, the court below entered judgment reversing the order of the Board and remanding the case with instructions to deny the charter application of...

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