Citizens National Bank v. Commonwealth

On July 27, 1972 the directors of a proposed bank, Stonewall Jackson Bank and Trust Company (hereinafter called New Bank), filed an application with the State Corporation Commission, pursuant to the provisions of Code § 6.1-13, for a certificate of authority to begin business in the town of Mount Jackson in Shenandoah County, Virginia. The Citizens National Bank, the Farmers Bank of Edinburg, the First National Bank of Strasburg and First Virginia Bank, National Association (hereinafter called Intervenors) opposed the application. Hearings were held and on January 5, 1973 the Commission found…