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DIRIGO BANK & TR. CO. v. MAINE BUREAU, ETC.

412 A.2d 731 (1980)

DIRIGO BANK AND TRUST COMPANY v. MAINE BUREAU OF BANKING et al.

Supreme Judicial Court of Maine.

April 2, 1980.

Attorney(s) appearing for the Case

Lipman, Parks, Livingston, Lipman & Katz, P. A., Sumner Lipman, John M. Parks, orally, Augusta, for plaintiff.

Preti, Flaherty & Beliveau, Severin Beliveau, orally, Augusta, for Northeast Bank.

Peter B. Bickerman, Asst. Atty. Gen., orally, Augusta, for Maine Bureau of Banking.

Before McKUSICK, C. J., and WERNICK, GODFREY, NICHOLS and GLASSMAN, JJ.

GLASSMAN, Justice.

On June 6, 1978, the appellee, Northeast Bank of Lewiston and Auburn (Northeast), applied to the Superintendent of the Maine Bureau of Banking for permission to establish branch offices in Augusta and Waterville by acquiring the assets and assuming the deposit liabilities of the Econo-Bank branches of the appellee, Livermore Falls Trust Company (Livermore). The assets of these two branches represented approximately fifteen percent of Livermore's...

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