Front Royal Savings & Loan Ass'n v. First Virginia Bank Shenandoah Valley

The central question presented by the appellant in this appeal from a State Corporation Commission order granting a bank’s application for a new branch is whether, in determining “public interest”, the Commission gave due consideration to “possible adverse effects to existing institutions.”

On October 26, 1979, First Virginia Bank-Shenandoah Valley (FVB) filed an application to establish a branch bank in Front Royal, the county seat and principal commercial center of Warren County, the primary service area. Earlier that year, the Commission had authorized Front Royal Savings & Loan Association…