Bank of North America v. State Banking Board

SHANNON, Justice.

Appellant Bank of North America has appealed from a judgment of the District Court of Travis County refusing its application for temporary injunction to enjoin the State Banking Board from making effective its approval of a charter for Southeast Bank to be located in Houston. In this opinion Southeast Bank will be referred to as “Southeast”, Texas Commerce Bank as “Commerce,” Bank of North America as “Appellant”, and the State Banking Board as “Board.”

The preliminary facts are as follows. In early 1969 Southeast applied for a charter to be located near the intersection of…