Banking Board v. Holyoke Industrial Bank

We will refer to plaintiff in error as the Board and to defendant in error as the applicant. The action is before this court by writ of error to review a judgment of the district court by which the action of the Board in denying applicant a charter to operate a state bank was reversed. The district court ordered the Board to issue the charter as prayed by the applicant.

October 30, 1961, the applicant, who had theretofore been chartered as an industrial bank and conducting its business as such in Holyoke, county seat of Phillips county, Colorado, filed a Notice of Intention to convert from an…