Bank of Glenwood v. Arkansas State Banking Board

George Rose Smith, Justice.

In July of 1975 an application was filed with the State Bank Commissioner for a charter for a new bank, to be named Caddo State Bank and to be located in the city of Glenwood. The application was resisted by the Bank of Glenwood, the only bank in the city. After the submission of extensive proof by both parties the State Banking Board entered an order granting the application upon the basis of detailed findings of fact. The Board’s action was sustained by the circuit court. Four points for reversal are argued here.

We find no merit in the appellant’s first argument,…