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MATTER OF APPLICATION OF STATE BANK OF PLAINFIELD

61 N.J. Super. 150 (1960)

160 A.2d 299

IN THE MATTER OF THE APPLICATION OF THE STATE BANK OF PLAINFIELD FOR A CHARTER FOR A BANK TO BE LOCATED AT 20-34 SOMERSET STREET, IN THE CITY OF PLAINFIELD, COUNTY OF UNION, STATE OF NEW JERSEY.

Superior Court of New Jersey, Appellate Division.

Decided April 19, 1960.

Attorney(s) appearing for the Case

Mr. John J. Clancy argued the cause for appellant The Plainfield Trust State National Bank (Messrs. Clancy & Hayden, attorneys).

Mr. H. Douglas Stine argued the cause for respondent The State Bank of Plainfield.

Mr. David Landau, Deputy Attorney General, argued the cause for Charles R. Howell, Commissioner of Banking and Insurance (Mr. David D. Furman, Attorney General).

Messrs. Sauer and Kervick, attorneys for appellant Suburban Trust Company, filed statement in lieu of brief.

Before Judges PRICE, GAULKIN and SULLIVAN.

The opinion of the court was delivered by SULLIVAN, J.A.D.

The Commissioner of Banking and Insurance of the State of New Jersey approved the application of the proposed "State Bank of Plainfield" for the charter of a bank to be located at 20-34 Somerset Street, Plainfield, New Jersey. Two objector banking institutions appeal.

The stenographic record of the hearing before the Commissioner consists of more than 400 pages. Several detailed studies and reports...

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