St. Clair Shores National Bank v. State Banking Commissioner

March 20,1954, plaintiff made application to the United States comptroller of currency for permission to organize and operate a national bank in St. Clair Shores. March 29, 1955, the comptroller *16issued the formal authorization, and plaintiff immediately opened its doors for business. Three years later (August, 1958) the comptroller authorized plaintiff’s opening of a branch bank in St. Clair Shores.

In October, 1953, defendant First State Bank of East Detroit sought right to add to its banking activities in St. Clair Shores by operating a second branch bank. The Michigan banking commissioner…