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COMMUNITY BANKERS ASSOCIATION OF OKLAHOMA v. CONSOLIDATED EQUITY CORPORATION

No. 92,060.

990 P.2d 234 (1999)

1999 OK 70

COMMUNITY BANKERS ASSOCIATION OF OKLAHOMA, Appellant, v. CONSOLIDATED EQUITY CORPORATION, First American Bank and Trust Company, Purcell, Oklahoma, etc., Appellees.

Supreme Court of Oklahoma.

July 13, 1999.

MEMORANDUM OPINION

SIMMS, J:

¶ 1 The issue in this appeal is whether 6 O.S. Supp.1997, § 502(H), allows a bank holding company to avoid the statutory restrictions on branch banking. Pursuant to that subsection, the Banking Board issued an Order authorizing appellees to establish a branch bank through the vehicle of merging an interim bank organized and chartered by its holding company. Appellants...

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