Cheshire National Bank v. Smith

OPINION AND ORDER

BOWNES, District Judge.

The plaintiffs, Cheshire National Bank of Keene and Connecticut River National Bank of Charlestown, seek to overturn the Comptroller’s approval of an application by the Keene National Bank (Keene) of Keene to relocate its Walpole, New Hampshire, agency from Westminster Street to Main Street. They also challenge an alleged approval by the Comptroller of an expansion of services by Keene.

The issue is whether the Comptroller was correct in finding that Keene’s agency in Walpole is a branch and that it qualified under the “grandfather clause” of 12 U.S.C. §…