Bank of Waldron v. Scott County Bank

Frank Holt, Justice.

Following a hearing, appellee Arkansas State Banking Board, the appellee State Bank Commissioner concurring, approved a charter application submitted by appellee Scott County Bank for location of a bank in Waldron. At a meeting approximately six weeks later, the Board formally approved the charter and adopted written findings of fact and conclusions of law. The circuit court affirmed the Board’s action. Hence this appeal.

At the end of a one day hearing, the Board immediately rendered its 3-2 decision approving the application. The thrust of appellant’s first argument for…