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IN RE DORSEY & WHITNEY TRUST CO. LLC

Nos. 21623, 21624.

623 N.W.2d 468 (2001)

2001 SD 35

In the Matter of the Application of DORSEY & WHITNEY TRUST COMPANY LLC for Organization Certificate Authorizing a Trust Company to Transact Business at 300 North Dakota Avenue, Sioux Falls, South Dakota.

Supreme Court of South Dakota.

Decided March 14, 2001.

Attorney(s) appearing for the Case

Mark Barnett, Attorney General, Diane Best, Assistant Attorney General, Pierre, SD, Attorneys for appellee South Dakota Banking Commission.

George N. Manolis, Douglas Kludt of Churchill, Manolis, Freeman, Kludt & Shelton, Huron, SD, Edward J. Pluimer, Minneapolis, MN, Attorneys for appellee Dorsey & Whitney Trust Company.

Jeremiah D. Murphy, Thomas J. Welk of Boyce, Murphy, McDowell & Greenfield Sioux Falls, SD, Attorneys for appellant.

MILLER, Chief Justice.

[¶ 1.] This is an appeal from a circuit court affirmance of the South Dakota Banking Commission's grant of an application to organize and operate a trust company in Sioux Falls, South Dakota. We affirm.

FACTS

[¶ 2.] Dorsey, Whitney, L.L.P., a major law firm in Minneapolis, Minnesota, applied to establish a trust company in South Dakota. First National Bank of Sioux Falls, Rushmore Bank and Trust (Rushmore) and Citicorp...

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