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ESSENTIAL SAV. AND LOAN ASSN. v. HOWELL

105 N.J. Super. 424 (1969)

252 A.2d 740

ESSENTIAL SAVINGS AND LOAN ASSOCIATION, CALDWELL-VERONA SAVINGS AND LOAN ASSOCIATION, AND WEST ORANGE SAVINGS AND LOAN ASSOCIATION, SAVINGS AND LOAN CORPORATIONS DULY ORGANIZED UNDER THE LAWS OF THE STATE OF NEW JERSEY, APPELLANTS, v. CHARLES R. HOWELL, COMMISSIONER OF BANKING AND INSURANCE OF THE STATE OF NEW JERSEY, POLICE SAVINGS AND LOAN ASSOCIATION, A SAVINGS AND LOAN CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF NEW JERSEY, AND BERKELEY SAVINGS AND LOAN ASSOCIATION, A SAVINGS AND LOAN CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF NEW JERSEY, RESPONDENTS.

Superior Court of New Jersey, Appellate Division.

Decided May 1, 1969.

Attorney(s) appearing for the Case

Mr. Fred G. Stickel, III argued the cause for appellants Essential Savings and Loan Association, Caldwell-Verona Savings and Loan Association and West Orange Savings and Loan Association (Messrs. Stickel, Kain & Stickel; Messrs. Vieser, Hoey & San Filippo and Messrs. Slavitt, Slavitt & Fish, attorneys, respectively).

Mr. E. Robert Levy, Deputy Attorney General, argued the cause for respondent Charles R. Howell, Commissioner of Banking and Insurance (Mr. Arthur J. Sills, Attorney General of New Jersey, attorney).

Mr. Martin S. Fox argued the cause for respondent Berkeley Savings and Loan Association (Messrs. Fox, Yanoff & Fox, attorneys; Mr. Fox and Mr. Nathan L. Jacobson, on the brief).

Mr. Edward F. Beers argued the cause for respondent Police Savings and Loan Association.

Before Judges GAULKIN, COLLESTER and LABRECQUE.

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

In this consolidated appeal the objectors challenge the determination and judgment of the Commissioner of Banking and Insurance permitting the establishment of a branch office by the Berkeley Savings and Loan Association at 611 Bloomfield Avenue, Verona, in connection with its purchase of the assets of the Police Savings and Loan Association.

Police Savings and Loan Association (Police) was a state...

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