Mark Twain Bancshares, Inc. v. Kostman

MeMILLIAN, Judge.

This appeal arises out of an attempt by plaintiff-respondent Mark Twain Bancs-hares, Inc., a bank holding company, to join with a group of individuals in chartering a new bank in O’Fallon, Missouri. The facts of this case are very similar to those in another case recently before Division Two of this court, Mark Twain Cape Girardeau Bank v. State Banking Board, Mo.App., 528 S.W.2d 443 (1975). Following that case, we sustain the position of the State Banking Board regarding corporate incorporators of banks.

The new bank in this case, Mark Twain O’Fallon Bank, was chartered on…