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CITICORP SAV. & TRUST CO. v. BANKING BD.

No. 61663.

704 P.2d 490 (1985)

CITICORP SAVINGS AND TRUST COMPANY, an Oklahoma Corporation, Appellant, v. The BANKING BOARD OF the STATE OF OKLAHOMA and R.Y. Empie, Oklahoma Bank Commissioner, Appellees.

Supreme Court of Oklahoma.

July 23, 1985.

Attorney(s) appearing for the Case

James A. McCaffrey and Joseph K. Heselton, Jr., Edmond, for appellant.

Frances C. Farzley, State Banking Dept., and Laura Ann Pringle, Oklahoma Bankers' Ass'n, Oklahoma City, for appellees.

SUMMERS, Justice.

Citicorp Savings and Trust Company is the successor to Cherokee Title and Trust Company, a pre-statehood corporation originally authorized to do banking, savings and trust business. Cherokee lay dormant for years before being revived by Citicorp. Citicorp sought to qualify for permission to engage in the savings and trust business in Oklahoma and so petitioned the Oklahoma State Banking Board. At stake is...

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