Peoples Bank v. Banking Board

The Banking Board of the State of Colorado granted an application for a state bank charter to the Guaranty Bank of Stapleton Airfield, Denver, Colorado. The Peoples Bank, after protesting the application at the hearing before the banking board, brought an action in the district court seeking to have the board’s order granting the application vacated and annulled. The district court affirmed the order of the banking board and dismissed the complaint.

The Peoples Bank contends that the district court erred when it entered its judgment affirming the order of the banking board because the banking…