First National Bank of Long Prairie v. Department of Commerce
Supreme Court of Minnesota
1Opinion of the Court
YETKA, Justice.
This appeal presents a question under Minn.Stat. § 47.52 (1982), the “home office protection rule” of Minnesota’s detached banking facilities law. The home office protection rule prohibits establishment of a branch bank in a community of under 10,-000 unless all banks with main offices in the community have provided their written consent.
In this case, the State Bank of Grey Eagle seeks relocation of its main office from Grey Eagle to Long Prairie, a community of under 10,000, and retention of its Grey Eagle facility as a branch. Appellant First National Bank of Long Prairie is…
2Cases cited2 opinions
- Reserve Mining Co. v. HerbstSupreme Court of Minnesota · 1977
- West St. Paul State Bank v. Signal Hills State BankSupreme Court of Minnesota · 1974
3Cited by7 opinions
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- North Star State Bank of Roseville v. North Star Bank MinnesotaCourt of Appeals of Minnesota · 1985
- State Ex Rel. Khalifa v. Hennepin CountyCourt of Appeals of Minnesota · 1988
- In re Change in Corporate Title & Place of Business Filed by First State Bank of DoverCourt of Appeals of Minnesota · 1985
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