IN RE APP. PEOPLES BK. OF RIDGEWOOD

[A-1773-68, A-1923-68].

109 N.J. Super. 149 (1970)

262 A.2d 709

IN THE MATTER OF THE APPLICATION OF PEOPLES BANK OF RIDGEWOOD FOR A CHARTER FOR A BANK TO BE LOCATED AT 21 NORTH MAPLE AVENUE, IN THE VILLAGE OF RIDGEWOOD, COUNTY OF BERGEN AND STATE OF NEW JERSEY, CITIZENS FIRST NATIONAL BANK OF RIDGEWOOD, OBJECTOR-APPELLANT. IN THE MATTER OF THE APPLICATION FOR A CHARTER FOR PEOPLES BANK OF RIDGEWOOD, TO BE LOCATED AT 21 NORTH MAPLE AVENUE, VILLAGE OF RIDGEWOOD, COUNTY OF BERGEN, NATIONAL COMMUNITY BANK OF RUTHERFORD, APPELLANT, v. HORACE J. BRYANT, JR., COMMISSIONER OF BANKING AND INSURANCE, AND PEOPLES BANK OF RIDGEWOOD, RESPONDENTS.

Superior Court of New Jersey, Appellate Division.

Decided February 9, 1970.


Attorney(s) appearing for the Case

Mr. Walter W. Weber, Jr. argued the cause for appellant Citizens First National Bank of Ridgewood (Messrs. Weber Muth & Weber, attorneys; Mr. Lewis J. Spitz, on the brief).

Mr. Richard J. Ryan argued the cause for appellant National Community Bank of Rutherford (Messrs. Morrison, Lloyd & Griggs, attorneys).

Mr. Bennett H. Fishler, Jr. argued the cause for respondent Peoples Bank of Ridgewood (Messrs. MacFall and Fishler, attorneys; Mr. Walter Olenich, on the brief).

Mr. Arthur J. Sills, Attorney General, filed a statement in lieu of brief on behalf of respondent Commissioner of Banking and Insurance (Mr. Joel L. Shain, Deputy Attorney General, on the brief).

Before Judges GOLDMANN, LEWIS and MATTHEWS.


PER CURIAM.

National Community Bank of Rutherford and Citizens First National Bank of Ridgewood appeal from the Commissioner of Banking and Insurance's approval of an application for a charter by Peoples Bank of Ridgewood.

Peoples Bank of Ridgewood is an affiliate of Peoples Trust of New Jersey. Section 6 of L. 1968, c. 415 (N.J.S.A. 17:9A-3.1) provides that no officer, director or employee...

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