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LAKESIDE STATE BANK v. BANKING BD.

No. 61368.

682 P.2d 232 (1984)

LAKESIDE STATE BANK, an Oklahoma banking corporation, Appellant, v. The BANKING BOARD OF the STATE OF OKLAHOMA; R.Y. Empie Oklahoma Banking Commissioner, 1st Bank of Catoosa, Catoosa, Oklahoma, Appellee.

Supreme Court of Oklahoma.

June 12, 1984.

Attorney(s) appearing for the Case

Phillip McGowan, Sanders & Carpenter, Tulsa, for appellant.

J. Schaad Titus, Boone, Smith, Davis & Hurst, Tulsa, for appellee First Bank of Catoosa.

KAUGER, Justice.

The sole issue presented is whether the statute controlling issuance of branch banking certificates, 6 O.S. 1983 Supp. § 501(B)(3) precludes establishment of a branch bank in a town located within twenty-five miles of the main bank if the Oklahoma Banking Board has previously issued a certificate for a branch bank to a competitor. We find that § 501(B)(3) does not operate to make the two applications...

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