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INDEPENDENT INS. AGENTS v. DEPT. OF BANKING

37708.

248 Ga. 787 (1982)

285 S.E.2d 535

INDEPENDENT INSURANCE AGENTS OF GEORGIA, INC. et al. v. DEPARTMENT OF BANKING & FINANCE OF THE STATE OF GEORGIA.

Supreme Court of Georgia.

Rehearing Denied January 26, 1982.

Attorney(s) appearing for the Case

Wilbur T. Fitzgerald, for appellants.

Arthur K. Bolton, Attorney General, Kathryn Allen, Assistant Attorney General, for appellee.

W. Stell Huie, C. Wilson Dubose, amicus curiae.

JORDAN, Chief Justice.

This appeal presents the question of whether a state bank may operate a general insurance agency in a town with a population of less than 5,000.

The Citizens and Southern Bank of Cobb County, a state bank, began this action by applying to the Department of Banking and Finance (The Department) for approval of a purchase of 100% of the stock of a general insurance agency in Austell, a municipality of less than 5,000 in population. The...

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