Peoples State Bank of Velva v. State Bank of Towner

PAULSON, Judge.

This is an appeal by the defendants, the State Bank of Towner and the North Dakota State Banking Board [hereinafter the Bank of Towner and the Banking Board respectively], from a preliminary injunction issued by the District Court of McHenry County on March 18, 1977. Said injunction was granted to the plaintiff, Peoples State Bank of Velva [hereinafter Bank of Velva], temporarily enjoining the Bank of Towner from operating a paying and receiving station at Granville, North Dakota. The Bank of Towner and the Banking Board request this court to reverse the preliminary injunction…