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APPLICATION OF AMERICAN STATE BANK

No. 42864.

294 N.W.2d 343 (1980)

206 Neb. 599

In re Application of AMERICAN STATE BANK. SOUTHWESTERN BANK & TRUST COMPANY, Appellant, v. DEPARTMENT OF BANKING AND FINANCE, State of Nebraska, et al., Appellees, (two cases).

Supreme Court of Nebraska.

July 1, 1980.

Attorney(s) appearing for the Case

Schmid, Ford, Mooney & Frederick, Omaha, for appellant.

Acklie & Parker, Lincoln, for appellee American State Bank.

No appearance for appellee Department of Banking and Finance.

Heard before KRIVOSHA, C. J., and BOSLAUGH, McCOWN, CLINTON, BRODKEY, WHITE, and HASTINGS, JJ.

WHITE, Justice.

This case involves two applications originally filed with the Department of Banking and Finance (hereafter Department) for a charter to operate a commercial bank in McCook, Nebraska. The Department, after a hearing on both applications, issued a charter to American State Bank (hereafter American) and denied a charter to Southwestern Bank & Trust Company (hereafter Southwestern). Southwestern appealed to the District Court for Lancaster County,...

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