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BANK OF YELLVILLE v. FIRST AM. SAV. & LOAN ASSOC.

No. 82-76.

634 S.W.2d 122 (1982)

BANK OF YELLVILLE, Citizens Bank & Trust Company of Flippen and First Federal Savings & Loan Association of Harrison, Appellants, v. FIRST AMERICAN SAVINGS & LOAN ASSOCIATION and Arkansas Savings & Loan Association Board, Appellees.

Supreme Court of Arkansas.

June 7, 1982.

Attorney(s) appearing for the Case

James W. Lance, Little Rock, for First Federal Sav. & Loan.

Hermann Ivester, Little Rock, for Bank of Yellville and Citizens Bank & Trust Co. of Flippin.

Lee Thalheimer, Sav. and Loan Ass'n Board Supervisor, Little Rock, Kelley & Luffman, Rogers and Gill, Skokos, Simpson, Buford & Owen, Little Rock, for appellees.

PURTLE, Justice.

This appeal is from a Pulaski Circuit Court decree which affirmed the ruling of the Arkansas Savings & Loan Association Board in granting a charter to First American Savings and Loan Association. The appellant argues that there was not substantial evidence to support the board's findings and that the board's findings as required by Ark.Stat.Ann. § 67-1824, (2) and (5) (Repl.1980) are not accompanied by concise and explicit statements of underlying...

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