State Banking Board v. First State Bank of Gainesville

ON MOTION FOR REHEARING

PHILLIPS, Chief Justice.

We withdraw the opinion, of April 15, 1981, and substitute the following opinion.

This is a suit for judicial review of the order of the State Banking Board approving the charter application for the proposed North Texas Bank and Trust to be located in Gainesville, Cooke County, Texas. The trial court invalidated the order and appellants have perfected their appeal to this Court.

We reverse the judgment of the trial court and render judgment affirming the order of the State Banking Board granting the charter application to appellant North Texas Bank…