Application of Southern Hills Bank of Edgemont

SDCL 51-17-15 provides that upon receipt of an application for a bank charter, the Director of the Division of Banking and Finance shall conduct an investigation and examination based on several factors relevant to the proposed bank and its relation to the community in which it desires to be located.

SDCL 51-17-16 provides:

Within one year after the filing of an application the commission shall consider the director’s findings and recommendations and all other available relevant information and shall in its discretion approve or disapprove the application, which action shall be subject to…