Infocomp Corp. v. Somerset Trust Co.

The opinion of the court was delivered by

Horn, J. A. D.

This case presents the question of whether a state-chartered bank is authorized under our law to engage in the business of providing data-processing services.

Plaintiff InfoComp Corporation sought a permanent injunction to restrain defendant Somerset Trust Company and its wholly owned affiliate, STC Corp., from providing such services.1

Defendant’s motion to dismiss the complaint and cross-motions for summary judgment were denied before trial. At the trial in the Chancery Division, after plaintiff presented all its proofs, the judge entered…