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ELIZABETH FEDERAL S. & L. ASS'N v. HOWELL

24 N.J. 488 (1957)

132 A.2d 779

ELIZABETH FEDERAL SAVINGS AND LOAN ASSOCIATION, ETC., ET AL., APPELLANTS, v. CHARLES R. HOWELL, COMMISSIONER OF BANKING AND INSURANCE OF THE STATE OF NEW JERSEY, COLONIAL SAVINGS AND LOAN ASSOCIATION, ETC., ET ANO., RESPONDENTS. CITY FEDERAL SAVINGS AND LOAN ASSOCIATION, ETC., APPELLANTS, v. CHARLES R. HOWELL, COMMISSIONER OF BANKING AND INSURANCE OF THE STATE OF NEW JERSEY, COLONIAL SAVINGS AND LOAN ASSOCIATION, ETC., ET ANO., RESPONDENTS. UNION COUNTY TRUST COMPANY, A BANKING CORPORATION OF THE STATE OF NEW JERSEY, APPELLANT, v. CHARLES R. HOWELL, COMMISSIONER OF BANKING AND INSURANCE OF THE STATE OF NEW JERSEY, COLONIAL SAVINGS AND LOAN ASSOCIATION, ETC., ET ANO., RESPONDENTS.

The Supreme Court of New Jersey.

Decided June 10, 1957.

Attorney(s) appearing for the Case

Mr. Frank K. Sauer argued the cause for the appellants Elizabeth Federal Savings and Loan Association, Emerald Savings and Loan Association, Union County Savings Bank, and Central Home Trust Company (Messrs. Sauer & Wojcik, attorneys).

Mr. Fred G. Stickel, Jr., argued the cause for the appellant City Federal Savings and Loan Association (Messrs. Stickel & Stickel, attorneys; Mr. Fred Stickel, III, on the brief).

Mr. Alan V. Lowenstein argued the cause for the appellant Union County Trust Company (Messrs. Lowenstein, Del Tufo, Callahan & Kean, attorneys; Mr. Aaron Kaufman, of counsel; Mr. Richard M. Sandler, on the brief).

Mr. David D. Furman, Deputy Attorney-General argued the cause for the respondent Commissioner of Banking and Insurance (Mr. Grover C. Richman, Jr., Attorney-General of New Jersey, attorney).

Mr. Richard V. Stein argued the cause for the respondent Colonial Savings and Loan Association (Messrs. Stein, Stein and Hughes, attorneys).

The opinion of the court was delivered by VANDERBILT, C.J.

The case before us involves the application of sub-section B of section 21 of the "Savings and Loan Act," L. 1946, c. 56 (N.J.S.A. 17:12A-1 et seq.) as amended by L. 1952, c. 204. Under the authority of that subsection the Commissioner of Banking and Insurance granted permission to the Colonial Savings and Loan Association of Roselle Park to establish a branch...

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