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UNITED STATES v. PHILLIPSBURG NATIONAL BANK & TRUST CO.

Civ. No. 56-68.

306 F.Supp. 645 (1969)

UNITED STATES of America, Plaintiff, v. The PHILLIPSBURG NATIONAL BANK AND TRUST COMPANY and the Second National Bank of Phillipsburg, Defendants, and William B. Camp, Comptroller of the Currency, Intervenor.

United States District Court D. New Jersey.

Probable Jurisdiction Noted February 27, 1970.

Attorney(s) appearing for the Case

Robert C. Weinbaum, Detroit, Mich., and Eugene T. Austin, U. S. Dept. of Justice, Washington, D. C., for the United States.

Meyner & Wiley, by Robert B. Meyner, and Thomas D. Hogan, Carpenter, Bennett & Morrissey, by Sylvester C. Smith, Jr., and Michael S. Waters, Newark, N. J., for defendants. Phillip L. Roache, Jr., Office of Comptroller of the Currency, Washington, D. C., for intervenor.

Probable Jurisdiction Noted February 27, 1970. See 90 S.Ct. 945.

SHAW, District Judge.

This action is brought by the United States pursuant to Section 15 of the Clayton Act (15 U.S.C. § 25) to restrain a proposed merger of the defendant banks which, if consummated, is alleged to be a violation of Section 7 of the Act (15 U.S.C. § 18). Phillipsburg National Bank and Trust Company (PNB) and The Second National Bank of Phillipsburg (SNB) have entered...

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