First National Bank in Plant City v. Dickinson

It will come as a shock, where common sense is the guide, to learn that an armored car picking up merchants’ cash boxes and checks is a branch bank. Conceivably a bank could use an armored car as a place of business by stationing it at designated places during designated hours for opening accounts, receiving deposits, making *139loans, and the like. But no armored car was so used in these cases.

Federal law stated in the McFadden Act, 12 U. S. C, § 36 (f), defines “branch” as any facility “at which deposits are received, or checks paid, or money lent.” And Congress provided that national banks may…