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MARINE CORPORATION v. BOARD OF GOVERNORS OF FED. RES. SYS.

No. 14122.

325 F.2d 960 (1963)

The MARINE CORPORATION, Petitioner, v. The BOARD OF GOVERNORS OF the FEDERAL RESERVE SYSTEM, Respondent.

United States Court of Appeals Seventh Circuit.

December 17, 1963.

Attorney(s) appearing for the Case

Roger C. Minahan, Robert D. LeMense, Whyte, Hirschboeck, Minahan, Harding & Harland, Milwaukee, Wis., for petitioner.

Morton Hollander, Chief, Appellate Section, Pauline B. Heller, Attorney, U. S. Department of Justice, Washington, D. C., John W. Douglas, Asst. Atty. Gen., for respondent.

Before HASTINGS, Chief Judge, and CASTLE and SWYGERT, Circuit Judges.

SWYGERT, Circuit Judge.

Petitioner, The Marine Corporation, a Wisconsin bank holding company located in Milwaukee, applied to the Board of Governors of the Federal Reserve System, pursuant to the Bank Holding Act of 1956, 12 U.S.C. §§ 1841-1848, for prior approval of petitioner's acquisition of eighty per cent or more of the voting shares of The Beloit State Bank, Beloit, Wisconsin, a state bank.

In accordance with the provisions of section 3(b)...

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