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PSB STATE BANK v. COMERICA INC.

Docket No. 79204.

151 Mich. App. 452 (1986)

391 N.W.2d 371

PSB STATE BANK v. COMERICA INCORPORATED

Michigan Court of Appeals.

Decided May 6, 1986.

Attorney(s) appearing for the Case

Frank J. Kelley, Attorney General, Louis J. Caruso, Solicitor General, and Harry G. Iwasko, Jr., and Philip J. Smith, Assistants Attorney General, for the Commissioner of the Financial Institutions Bureau.

Miller, Canfield, Paddock & Stone (by Carl H. vonEnde and Thomas G. Appleman), for Comerica Incorporated.

Donavan, Hammond, Ziegelman, Roach & Sotiroff, P.C. (by Thomas A. Roach and Thomas E. Reiss), for Pontiac State Bank.

Dickinson, Wright, Moon, VanDusen & Freeman (by Patrick J. Ledwidge, H.G. Sparrow, III, and John K. Lawrence), for PSB State Bank and NBD Bancorp, Inc.

Before: D.E. HOLBROOK, JR., P.J., and ALLEN and E.M. THOMAS, JJ.

PER CURIAM.

On December 8, 1983, the Commissioner of the Financial Institutions Bureau approved a proposed consolidation of applicant PSB State Bank and applicant Pontiac State Bank, pursuant to §§ 125 and 130 of the Michigan Banking Code of 1969, MCL 487.425 and 487.430; MSA 23.710(125) and 23.710(130), over the protest of Comerica Incorporated. The commissioner's approval was affirmed by the circuit court.

Applicant Pontiac State Bank is a Michigan...

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