A Texas court stunned the Office of the Comptroller of the Currency last week, ruling that the agency exceeded its authority when it allowed an Arkansas bank to move its headquarters less than 30 miles into Texas and retain the Arkansas offices as branches.

The 43-page opinion by Judge Barefoot Sanders reverses the agency's August 1995 decision permitting Commercial National Bank to move its headquarters to Texarkana, Tex., from Texarkana, Ark.

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