IN RE APPLICATION OF HOWARD SAVINGS INSTITUTION OF NEWARK


32 N.J. 29 (1960)

159 A.2d 113

IN THE MATTER OF THE APPLICATION OF HOWARD SAVINGS INSTITUTION OF NEWARK FOR APPROVAL OF ESTABLISHMENT OF BRANCH OFFICE AT 27 BLOOMFIELD AVENUE, BOROUGH OF NORTH CALDWELL, ESSEX COUNTY, NEW JERSEY. THE MONTCLAIR NATIONAL BANK AND TRUST COMPANY, ETC., AND THE MONTCLAIR SAVINGS BANK, ETC., APPELLANTS, v. CHARLES R. HOWELL, COMMISSIONER OF BANKING AND INSURANCE, ETC., AND HOWARD SAVINGS INSTITUTION, ETC., RESPONDENTS.

The Supreme Court of New Jersey.

Decided March 21, 1960.


Attorney(s) appearing for the Case

Mr. John Ferguson argued the cause for appellant The Montclair National Bank and Trust Company.

Mr. Ernest F. Keer, Jr., argued the cause for appellant The Montclair Savings Bank (Messrs. Boyd, Dodd, Keer & Booth, attorneys).

Mr. William H. Osborne, Jr., argued the cause for respondent The Howard Savings Institution (Messrs. Pitney, Hardin & Ward, attorneys; Mr. Waldron M. Ward, Mr. Leslie L. Vanderbilt and Mr. Osborne, of counsel).

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


The opinion of the court was delivered by HALL, J.

This appeal challenges a determination of the Commissioner of Banking and Insurance approving the application of the Howard Savings Institution ("Howard"), a mutual savings bank with its main office in Newark, Essex County, to establish a branch at 27 Bloomfield Avenue, in the Borough of North Caldwell, in the same county. Appellants, objecting financial institutions in the...

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