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DEPT. OF BANKING v. INDEPENDENT INS. AGENTS

61178.

158 Ga. App. 556 (1981)

281 S.E.2d 265

DEPARTMENT OF BANKING & FINANCE OF THE STATE OF GEORGIA v. INDEPENDENT INSURANCE AGENTS OF GEORGIA, INC. et al.

Court of Appeals of Georgia.

Rehearing Denied May 18, 1981.

Attorney(s) appearing for the Case

Arthur K. Bolton, Attorney General, Robert S. Stubbs II, Executive Assistant Attorney General, Don A. Langham, First Assistant Attorney General, H. Perry Michael, Senior Assistant Attorney General, Kathryn L. Allen, Assistant Attorney General, for appellant.

Wilbur T. Fitzgerald, Charles A. Evans, for appellees.

Toby B. Prodgers, Susan B. Orsher, C. Wilson Dubose, amici curiae.

CARLEY, Judge.

The Citizens & Southern Bank of Cobb County (C&S) is a state bank with its principal office located in Austell, Georgia, a municipality with a population of less than 5,000 according to the 1970 census. In April of 1979 C&S applied to the Department of Banking and Finance (Department) for approval to purchase 100% of the outstanding capital stock of Pledger Insurance Agency, Inc. (Pledger),...

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