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IN RE APPLICATION OF ORANGE SAVINGS BANK

172 N.J. Super. 275 (1980)

411 A.2d 1150

APPLICATION OF THE ORANGE SAVINGS BANK FOR A BRANCH OFFICE TO BE LOCATED AT THE NORTHWEST CORNER OF ROONEY CIRCLE AND EXECUTIVE DRIVE, ESSEX GREEN SHOPPING PLAZA, WEST ORANGE, NEW JERSEY. MOUNTAIN RIDGE STATE BANK, LLEWELLYN-EDISON SAVINGS AND LOAN ASSOCIATION AND WEST ORANGE SAVINGS AND LOAN ASSOCIATION, OBJECTORS-APPELLANTS, AND ESSEX COUNTY STATE BANK, ALSO REFERRED TO AS THE ESSEX BANK, OBJECTOR-RESPONDENT, v. ANGELO R. BIANCHI, COMMISSIONER OF BANKING OF NEW JERSEY AND ORANGE SAVINGS BANK, RESPONDENTS.

Superior Court of New Jersey, Appellate Division.

Decided February 6, 1980.

Attorney(s) appearing for the Case

Joel L. Shain argued the cause for objectors-appellants (Greenwood, Weiss & Shain, attorneys; Joel L. Shain and Marguerite M. Schaffer, on the brief).

E. Robert Levy argued the cause for Essex County State Bank, objector-respondent (Harkavy, Goldman, Goldman, Caprio & Levy, attorneys; E. Robert Levy on the letter brief).

John A. Boyd argued the cause for applicant-respondent (Murray & Boyd, attorneys; John A. Boyd on the briefs).

Mark S. Rattner, Deputy Attorney General, argued the cause for respondent Commissioner of Banking (John J. Degnan, Attorney General of New Jersey, attorney; Erminie L. Conley, Assistant Attorney General, of counsel; Mark S. Rattner, Deputy Attorney General, on the briefs).

Before Judges CRANE, MILMED and KING.

The opinion of the court was delivered by MILMED, J.A.D.

The applicant, Orange Savings Bank, applied to the Department of Banking (Department) for approval to open a full service branch office to be located in Essex Green Shopping Plaza, West Orange. Objections to the application were interposed and requests for a formal hearing were made by Mountain Ridge State Bank, Llewellyn-Edison Savings and Loan Association, West Orange Savings and Loan Association, (appellants...

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