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FIRST NAT'L BANK v. PEOPLES SEC. BANK

No. CA 80-510.

614 S.W.2d 521 (1981)

The FIRST NATIONAL BANK OF PARIS et al., Appellants, v. PEOPLES SECURITY BANK, Appellee.

Court of Appeals of Arkansas.

April 29, 1981.

Attorney(s) appearing for the Case

C. Richard Lippard, Booneville, and Wright, Lindsey & Jennings, Little Rock, for appellants.

Hermann Ivester, Little Rock, for appellee.

CRACRAFT, Judge.

In March of 1979 the prospective incorporators of appellee, Peoples Security Bank, filed with the Arkansas State Banking Board their petition for a charter for a new bank to be located in the City of Paris in Logan County. Formal objections were filed by American State Bank at Charleston, and the appellants, Logan County Bank at Scranton, the First National Bank at Paris and Citizens Bank of Booneville. After a lengthy hearing the Board denied the...

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