NORTHTOWN BANK OF DECATUR v. BECKER

Gen. No. 10,493.

45 Ill. App.2d 112 (1964)

195 N.E.2d 404

Northtown Bank of Decatur, an Illinois Banking Corporation, and the Millikin National Bank of Decatur, a National Banking Association, Plaintiffs-Appellants, v. Conrad F. Becker, Director of Financial Institutions of the State of Illinois, and the Citizens National Bank of Decatur, a National Banking Association, Defendants-Appellees.

Appellate Court of Illinois — Third District.

January 9, 1964.


Attorney(s) appearing for the Case

Lord, Bissell & Brook, of Chicago, and Giffin, Winning, Lindner & Newkirk, of Springfield (Newell S. Boardman, Charles H. Weiland and James M. Winning, of counsel), for appellants.

Le Forgee, Samuels, Miller, Schroeder & Jackson, of Decatur (Thomas W. Samuels and E. Wayne Schroeder, of counsel), for appellee, the Citizens National Bank of Decatur. Henry F. Tenney, of Chicago and Paul W. Gordon, Jr., of Springfield, amici curiae, appearing for the Illinois Bankers Association.


CARROLL, PRESIDING JUSTICE.

On July 21, 1961, applications for permits to organize three state banks in Decatur, Illinois were filed with the Director of the Department of Financial Institutions of Illinois (referred to herein as the Director). Each of the signers of the applications was a director, officer, or employee of Defendant, The Citizens National Bank of Decatur, Illinois (referred to hereinafter as Citizens) which was then engaged in the banking business...

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