Services National Bank v. Burke & Herbert Bank & Trust Co.

By application filed with the State Corporation Commission, Burke & Herbert Bank & Trust Company of Alexandria (hereinafter, Burke & Herbert) sought authority to establish a branch office in the neighboring county of Arlington. The Services National Bank (hereinafter, Services), whose only banking facility is located near the site of the proposed branch, intervened and protested the granting of the application. The gist of Services’ protest was that its financial soundness would be jeopardized by establishment of the proposed branch.

After a hearing, the Commission entered a final order…