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ST. CLAIR SHORES NATL. BANK v. STATE BANKING COMMR.

Docket No. 61, Calendar No. 48,132.

358 Mich. 14 (1959)

99 N.W.2d 574

ST. CLAIR SHORES NATIONAL BANK v. STATE BANKING COMMISSIONER.

Supreme Court of Michigan.

Rehearing denied January 4, 1960.

Attorney(s) appearing for the Case

McClintock, Fulton, Donovan & Waterman, for plaintiff.

Paul L. Adams, Attorney General, Samuel J. Torina, Solicitor General, and Maurice M. Moule, Assistant Attorney General, for defendant banking commissioner.

Kenneth J. McCallum and Miller, Canfield, Paddock & Stone (George D. Miller, of counsel), for defendant bank.

KELLY, J.

March 20, 1954, plaintiff made application to the United States comptroller of currency for permission to organize and operate a national bank in St. Clair Shores. March 29, 1955, the comptroller issued the formal authorization, and plaintiff immediately opened its doors for business. Three years later (August, 1958) the comptroller authorized plaintiff's opening of a branch bank in St. Clair Shores.

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