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MERCANTILE TEXAS CORP. v. BOARD OF GOVERNORS, ETC.

No. 80-1528.

638 F.2d 1255 (1981)

MERCANTILE TEXAS CORPORATION, Petitioner, v. BOARD OF GOVERNORS OF the FEDERAL RESERVE SYSTEM, Respondent.

United States Court of Appeals, Fifth Circuit. Unit A.

February 25, 1981.

Attorney(s) appearing for the Case

Hughes & Hill, Dallas, Tex., Arnold & Porter, John D. Hawke, Jr., Washington, D. C., for petitioner.

Neal Petersen, Gen. Counsel, Board of Governors, Federal Reserve Systems, James V. Mattingly, Jr., Alice Daniel, Asst. Atty. Gen., Civ. Div., Dept. of Justice, Washington, D. C., William J. Sweet, Jr., Bd. of Governors, Federal Reserve System, Washington, D. C., for respondent.

Before COLEMAN, RUBIN and WILLIAMS, Circuit Judges.

ALVIN B. RUBIN, Circuit Judge:

Mercantile Texas Corporation is a bank holding company operating nine banks throughout Texas. PanNational Group, Inc., a smaller bank holding company, operates five banks in El Paso and Waco, cities not presently served by Mercantile. Mercantile seeks review of a Federal Reserve Board order denying approval to a proposed merger between the two companies. The Board held that elimination of potential competition between the two companies...

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