Arkansas State Bank Commissioner v. Bank of Marvell

In this case it was clear from the outset that Merchants and Farmers Bank applied for the branch bank in Marvell to benefit existing customers. The bank’s amendment to its application dated December 29, 1988, states as much:

Our bank has a substantial customer base in this area (we have used the zip codes for Marvell (72366), Poplar Grove (72374) and Turner (72383) to approximate the area) as depicted in the following table:

Type of Account Number of Accounts or Total Dollars of Accounts

Checking 461 accounts

Savings 184 accounts

Certificates of Deposit $3,237,540

Loans $6,401,617

It is presently…