Community Savings & Loan Ass'n v. North Carolina Savings & Loan Commission

MARTIN (Robert M.), Judge.

Respondent North Carolina Savings and Loan Commission (“Commission”) and Clyde Savings and Loan Association (“Clyde”) appeal from a ruling of the Wake County Superior Court vacating Commission’s order allowing Clyde to open a branch office in Hendersonville, Henderson County. The ruling was in response to a petition filed by Community Savings and Loan Association (“Community”) and First Federal Savings and Loan Association of Hendersonville (“First Federal”) seeking to have Commission’s order set aside. The trial court found, inter alia, that Clyde had “failed to…