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BANK OF SUSSEX COUNTY v. SAXON

Civ. A. No. 568-65.

251 F.Supp. 132 (1966)

The BANK OF SUSSEX COUNTY, Plaintiff, v. James J. SAXON, Comptroller of the Currency of the United States, Defendant, and Peoples National Bank of Sparta and Charles R. Howell, Commissioner of Banking and Insurance of the State of New Jersey, Intervenor.

United States District Court D. New Jersey.

February 16, 1966.

Attorney(s) appearing for the Case

David M. Satz, Jr., U. S. Atty., by Barry D. Maurer, Asst. U. S. Atty., Irwin Goldbloom, Department of Justice, for James J. Saxon, Comptroller of the Currency of the United States.

Schenck, Price, Smith & King, by Elmer S. King, Morristown, N. J., James F. Bell, Brian C. Elmer, of Pogue & Neal, Washington, D. C., for plaintiff.

Honig & Kovach, by Emanuel A. Honig, Franklin, N. J., for Peoples Nat. Bank of Sparta.

Arthur Sills, Trenton, by Marilyn Loftus Schauer, Newark, N. J., for Charles R. Howell, Commissioner of Banking and Insurance of the State of New Jersey.

WORTENDYKE, District Judge:

Plaintiff (hereinafter Sussex Bank) is a banking corporation duly chartered under the laws of the State of New Jersey. Its main office is in the Borough of Franklin, and it operates branches in the Borough of Sussex and in the Townships of Vernon and Andover in that State. The defendant (hereinafter Comptroller) is, and at all times hereto relevant, was, the Comptroller of the Currency of the United States, an agency of the Executive Branch...

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