State Ex Rel. Banking Commission v. Avery County Bank

VAUGHN, Judge.

Among other things, G.S. 53-62 (b) provides that the Commissioner shall not approve the establishment of a branch bank until “ ... he shall find (i) that the establishment of such branch or teller’s window will meet the needs and promote the convenience of the community to be served . . . . ” We concede that this may be considered a somewhat nebulous criteria. The word “need,” however, is a relative term. Its meaning, within reasonable limits, varies with the circumstances of its use. Appellant, arguing that the standard is closely akin to the familiar “public convenience and…