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FIRST NAT. BANK OF JULESBURG v. BANKING BD.

No. 80CA1235.

663 P.2d 261 (1983)

The FIRST NATIONAL BANK OF JULESBURG, a National Association, Petitioner, v. The BANKING BOARD OF the STATE of Colorado and Harry Bloom, State Bank Commissioner, and their successors in office, Dennis Kugler, James Socoll, Darris Cumming, Donald Olson, and Douglas Kinzie, as applicants for Charter for the proposed Sedgwick County Bank, Respondents.

Colorado Court of Appeals, Div. III.

March 31, 1983.

Attorney(s) appearing for the Case

Hays & Wilson, Frank L. Hays, James C. Wilson, Jr., Eason, Sprague & Wilson, Richard Eason, Denver, for petitioner.

J.D. MacFarlane, Atty. Gen., Richard F. Hennessey, Deputy Atty. Gen., Mary J. Mullarkey, Sol. Gen., Richard H. Goldberg, Asst. Atty. Gen., Denver, for respondents The Banking Bd. of the State of Colorado and Harry Bloom, State Bank Com'r.

Ellison, Ward & McCrea, Clinton P. Swift, Denver, for respondents Dennis Kugler, James Socoll, Darris Cumming, Donald Olson, and Douglas Kinzie, as applicants for Charter for the proposed Sedgwick County Bank.

BERMAN, Judge.

The First National Bank of Julesburg petitions for review of a decision by the Banking Board (Board) which granted a charter to the Sedgwick County Bank. We affirm.

In 1979, applicants, incorporators of the Sedgwick County Bank, filed for a charter with the Division of Banking. The bank was to be located in the vicinity of Julesburg, Colorado. Each incorporator subscribed 20% of the proposed stock and agreed to pay the total purchase price ...

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