APPEAL OF CONCERNED CORPORATORS OF PORTSMOUTH SAV. BK.

No. 86-199

129 N.H. 183 (1987)

APPEAL OF CONCERNED CORPORATORS OF THE PORTSMOUTH SAVINGS BANK (New Hampshire Board of Trust Company Incorporation)

Supreme Court of New Hampshire.

March 30, 1987


Attorney(s) appearing for the Case

Shaines & McEachern P.A., of Portsmouth (Paul McEachern and Matthew T. Brock on the brief, and Mr. McEachern orally), for the petitioners.

Upton, Sanders & Smith, of Concord (Frederic K. Upton and Robert W. Upton, II, on the brief, and Mr. F. Upton orally), for Amoskeag Bank Shares, Inc.

Brown and Nixon P.A., of Manchester (David L. Nixon and Leslie C. Nixon on the brief, and Mr. Nixon orally), for Portsmouth Savings Bank.


PER CURIAM.

This appeal is brought by twelve corporators of the Portsmouth Savings Bank (Portsmouth or Bank) pursuant to RSA chapter 541. They seek an order vacating a decision of the board of trust company incorporation (board or BTCI) granting Portsmouth's application for conversion from a mutual savings bank to a guaranty (stock) form of organization and for its simultaneous acquisition by Amoskeag Bank Shares, Inc. (Amoskeag), a bank holding company. We hold that...

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