Walker Bank & Trust Company v. Taylor

CALLISTER, Justice.

This is a declaratory judgment action wherein Walker Bank & Trust Company seeks to have declared illegal and void an order of the Utah State Bank Commissioner granting State Bank of Provo the right to establish a branch bank in the city of Provo. The lower court ruled ini favor of Walker and the Commissioner and State Bank of Provo now appeal therefrom.

Provo City is a city of the second class. State Bank of Provo is a unit bank and, at the time it made its application for the establishment of the branch, had only one banking house located in Provo. Prior to the granting of…