Morrilton Federal Savings & Loan Ass'n v. Arkansas Valley Savings & Loan Ass'n

George Rose Smith, Justice.

The appellees applied to the Savings and Loan Association Board for a charter under which they would do business as the Arkansas Valley Savings & Loan Association, in Russellville. The application was opposed by two Russellville banks and by three savings and loan associations — one at Russell-ville, one at Clarksville, and one at Morrilton. After an extensive hearing, at which much testimony was heard, the Board granted the charter. The circuit court affirmed the Board’s decision. Here the appellants insist that the appellees failed to prove four of the statutory…