COLONIAL BANK v. COLO. FINANCIAL SERVICES

No. 97CA0436.

961 P.2d 579 (1998)

COLONIAL BANK, a Colorado state-chartered commercial bank; Centennial Bank, a Colorado state-chartered commercial bank; Arapahoe Bank and Trust, a Colorado state-chartered commercial bank; Aurora National Bank-South, a national banking association; FirstBank of South Jeffco, a Colorado state-chartered commercial bank; Independent Bankers of Colorado, a Colorado non-profit corporation; The Colorado Bankers Association, a Colorado non-profit corporation; Petitioners-Appellants, v. COLORADO FINANCIAL SERVICES BOARD, and Gates Credit Union, a Colorado state-chartered credit union, Respondents-Appellees.

Colorado Court of Appeals, Div. IV.

Rehearing Denied June 18, 1998.


Attorney(s) appearing for the Case

McKenna & Cuneo, L.L.P., I. Thomas Bieging, Patrick B. Augustine, Lawrence S. Ebner, Denver, for Petitioners-Appellants.

Hogan & Hartson, L.L.P., Craig A. Umbaugh, Kathryn W. Bradley, Denver, for Petitioners-Appellants Centennial Bank, First-Bank of South Jeffco, and The Colorado Bankers Association on the Opening Brief.

Gale A. Norton, Attorney General, Martha Phillips Allbright, Chief Deputy Attorney General, Richard A. Westfall, Solicitor General, Richard H. Forman, Senior Assistant Attorney General, Denver, for Respondent-Appellee Colorado Financial Services Board.

Berenbaum, Weinshienk & Eason, P.C., Robert G. Wilson, Jr., Eugene M. Sprague, Denver, for Respondent-Appellee Gates Credit Union.


Opinion by Judge VOGT.

Colonial Bank, Centennial Bank, Arapahoe Bank & Trust, Aurora National Bank-South, FirstBank of South Jeffco, Independent Bankers of Colorado, and The Colorado Bankers Association (the Banks) appeal from a district court judgment affirming an order of the Colorado Financial Services Board (Board) permitting Gates Credit Union (Gates) to expand its field of membership. We affirm.

Gates is a state-chartered credit union which for many...

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