FIRST NAT. BANK OF WHIPPANY v. TRUST CO. OF MORRIS


76 N.J. Super. 1 (1962)

183 A.2d 706

THE FIRST NATIONAL BANK OF WHIPPANY, APPELLANT, v. TRUST COMPANY OF MORRIS COUNTY AND CHARLES R. HOWELL, COMMISSIONER, DEPARTMENT OF BANKING AND INSURANCE, RESPONDENTS. THE FIRST NATIONAL IRON BANK OF MORRISTOWN, APPELLANT, v. TRUST COMPANY OF MORRIS COUNTY AND CHARLES R. HOWELL, COMMISSIONER, DEPARTMENT OF BANKING AND INSURANCE, RESPONDENTS.

Superior Court of New Jersey, Appellate Division.

Decided July 26, 1962.


Attorney(s) appearing for the Case

Mr. David A. Friedman argued the cause for appellant, The First National Bank of Whippany (Mr. Sido L. Ridolfi, attorney).

Mr. Grover C. Richman, Jr., argued the cause for appellant, The First National Iron Bank of Morristown (Messrs. Richman and Berry, attorneys).

Mr. Worrall F. Mountain, Jr., argued the cause for respondent, Trust Company of Morris County (Messrs. Jeffers and Mountain, attorneys).

Mr. Alan B. Handler, Deputy Attorney General, argued the cause for respondent, Charles R. Howell (Mr. Arthur J. Sills, Attorney General, attorney).

Before Judges GOLDMANN, FREUND and FOLEY.


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

The First National Iron Bank of Morristown (Iron Bank) and The First National Bank of Whippany (Whippany Bank) appeal from an order of Charles R. Howell, Commissioner of Banking and Insurance (Commissioner), granting respondent Trust Company of Morris County (Trust Company) permission to establish a branch bank in Morris Township.

On February 4, 1957 Trust Company filed with the Department of Banking...

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