Bank of North America v. State Banking Board

SHANNON, Justice.

Appellant, Bank of North America, appeals from the judgment of the district court of Travis County sustaining the order of the State Banking Board1 approving a charter for Southeast Bank. We will affirm that judgment.

In a prior opinion this Court affirmed the judgment of the district court in refusing appellant’s application for a temporary injunction to enjoin the Board from making effective its approval of the charter for Southeast Bank. Bank of North America v. State Banking Board of State of Texas, et al., 468 S.W.2d 529 (Tex.Civ.App.1971, no writ).

The important question…