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INDEPENDENCE SAV. & L.ASS'N v. CITIZENS FED. S. & L.

No. 78-110.

577 S.W.2d 390 (1979)

INDEPENDENCE SAVINGS & LOAN ASSOCIATION v. CITIZENS FEDERAL SAVINGS & LOAN ASSOCIATION, Home Federal Savings and Loan Association, Pocahontas Federal Savings & Loan Association, and Arkansas Savings & Loan Association Board.

Supreme Court of Arkansas, In Banc.

February 26, 1979.

Attorney(s) appearing for the Case

Highsmith, Gregg, Hart & Vinson by John C. Gregg, Batesville, for appellant.

Roger W. Giles, Little Rock, Friday, Eldredge & Clark by Hermann Ivester, Little Rock, Crouch, Blair, Cypert & Waters by James B. Blair and William M. Clark, Jr., Springdale, for appellees.

DAN M. BURGE, Special Justice.

This is an appeal from the judgment of the Independence County Circuit Court affirming the decision of the Arkansas Savings And Loan Association Board, hereinafter referred to as "The Board," denying the application of Appellant, Independence Savings And Loan Association, for permission or authority to establish and operate a branch office in Jonesboro, Arkansas.

Appellant was organized and received its original state charter...

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