Banking Board v. Turner Industrial Bank

We will refer to plaintiff in error Banking Board of the State of Colorado as the Board and to the defendant in error as applicant — a duly licensed and operating industrial bank which petitioned the Board for permission to convert to a full fledged banking operation pursuant to statute, C.R.S. 1963, 14-17-10.

This writ of error is directed to a district court judgment reversing the Board’s action in denying applicant a state commercial bank charter.

After hearing the Board made specific findings:

“(1) that the requirements of Section 14-9-10 (1), Colorado Revised Statutes 1963, as amended, have…