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NORTHTOWN BANK v. BECKER

No. 38455.

31 Ill.2d 529 (1964)

202 N.E.2d 540

NORTHTOWN BANK OF DECATUR et al., Appellants, v. CONRAD F. BECKER, Director of Financial Institutions, et al., Appellees.

Supreme Court of Illinois.

Opinion filed November 24, 1964.

Attorney(s) appearing for the Case

LORD, BISSELL & BROOK, of Chicago, and GIFFIN, WINNING, LINDNER & NEWKIRK, of Springfield, for appellants.

LE FORGEE, SAMUELS, MILLER, SCHROEDER & JACKSON, of Decatur, (THOMAS W. SAMUELS and E. WAYNE SCHROEDER, of counsel,) for appellee, Citizens National Bank of Decatur.

HENRY F. TENNEY and LYMAN W. HULL, both of Chicago, for amicus curiae, Illinois Bankers Association.

Judgment affirmed.

Mr. JUSTICE SCHAEFER delivered the opinion of the court:

This action was instituted to restrain the organization of three proposed banks in Decatur upon the ground that they would be branch banks in violation of the Bank Holding Company Act and the Banking Act. (Ill. Rev. Stat. 1961, 16 1/2, pars. 73, 106.) The trial court granted a part of the injunctive relief sought but denied the balance. The Appellate Court dismissed the plaintiffs...

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