Mark Twain Cape Girardeau Bank v. State Banking Board

CLEMENS, Presiding Judge.

Plaintiff Mark Twain Cape Girardeau Bank (the proposed bank) appeals from defendant State Banking Board’s (the Board) denial of its application for a bank charter.

The proposed bank’s incorporators are seven individuals and Mark Twain Bancs-hares (Bancshares), a holding company subscribing to 90 per cent of the proposed bank’s stock. The Commissioner of Finance conducted an ex parte investigation and issued the charter. Thereafter, existing banks in Cape Girardeau, and others, appealed to the Board. Testimony during the Board’s extensive hearings primarily concerned…