Bank of Shelbyville v. Peoples Bank of Bagdad

JONES, Justice.

This is an appeal from an order of the Franklin Circuit Court which affirmed an order of the Commissioner of Banking and Securities granting Peoples Bank of Bag-dad a license for a branch bank under the provisions of KRS 287.180(2).

Citizens Union Bank of Shelbyville, Kentucky and the Bank of Shelbyville prosecute this appeal.

Citizens Union Bank and Bank of Shelby-ville contend that the trial court erred grievously in holding the order of the Commissioner “neither arbitrary, capricious nor unreasonable. . . . ” They take the position that the trial court was in serious error…