Legal Opinion

Opinion No.

Arkansas Attorney General Reports

Decided August 12, 1991Published

1Opinion of the Court

The Honorable Bill J. Ford Bank Commissioner Arkansas State Bank Department 323 Center Street, Suite 500 Little Rock, Arkansas 72201-2613

Dear Mr. Ford:

This is in response to your request for an opinion on whether a particular purchase of a branch bank is in compliance with state branch banking laws, specifically A.C.A. § 23-32-1202(c) (Supp. 1989). You outline the following situation:

Worthen National Bank of Arkansas (Bank A) is a national bank with its principal office location in Pulaski County. Bank A owns and operates a branch (Br) location in Sharp County which was lawfully acquired and…

2Cases cited6 opinions

  1. First National Bank in Plant City v. DickinsonSupreme Court of the United States · 1969
  2. State of Washington Ex Rel. Michael D. Edwards, State Supervisor of Banking v. John Heimann, Comptroller of the CurrencyCourt of Appeals for the Ninth Circuit · 1980
  3. First National Bank of Fair-Banks v. William B. Camp, Comptroller of the Currency of the United StatesCourt of Appeals for the First Circuit · 1972
  4. The Commercial National Bank of Little Rock v. The Board of Governors of the Federal Reserve SystemCourt of Appeals for the Eighth Circuit · 1971
  5. In Re the Summit and Elizabeth Trust Co.New Jersey Superior Court Appellate Division · 1970

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