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GRANDVIEW BANK & TRUST v. BOARD OF GOVERNORS, ETC.

No. 76-1236.

550 F.2d 415 (1977)

GRANDVIEW BANK AND TRUST CO., Petitioner, v. BOARD OF GOVERNORS OF the FEDERAL RESERVE SYSTEM, Respondent, Commerce Bancshares, Inc., Intervenor-Respondent.

United States Court of Appeals, Eighth Circuit.

Decided March 2, 1977.

Attorney(s) appearing for the Case

Rodger J. Walsh, and Robert C. Barry, Kansas City, Mo., for petitioner.

Ronald R. Glancz, Atty., Appellate Section, Civ. Div., U. S. Dept. of Justice, Washington, D. C., for respondent; John D. Hawke, Jr., Gen. Counsel, J. Virgil Mattingly, Atty., Bd. of Governors of Federal Reserve System, and Rex E. Lee, Asst. Atty. Gen., Washington, D. C., on brief.

Lawrence F. Noble, Metzger, Noble, Schwarz & Kempler, Washington, D. C., for intervenor-respondent; Lawrence F. Noble, Michael A. Greenspan and John V. Austin, Washington, D. C., William H. Sanders, Blackwell, Sanders, Matheny, Weary & Lombardi, Kansas City, Mo., on brief.

Before LAY, BRIGHT and STEPHENSON, Circuit Judges.

LAY, Circuit Judge.

Petitioner, Grandview Bank and Trust Company (Grandview), seeks review of the Federal Reserve Board's approval of an acquisition of a new national bank (New Bank) in Grandview, Missouri, by Commerce Bancshares, Inc. (Bancshares). We sustain the Board's approval.

I

Bancshares was organized and incorporated under Missouri law in 1966. It became a bank holding company (BHC) in 1968 and acquired...

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