4226. Harvel State Bank (Harvel, IL)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
January 1, 1931*
Location
Harvel, Illinois (39.356, -89.532)

Metadata

Model
gpt-5-mini
Short Digest
a2a98c607f59c4d5

Response Measures

None

Description

Articles indicate the Harvel State Bank failed in January 1931 and is defunct, with a receiver appointed and bank officers indicted for embezzlement. No article describes a depositor run prior to suspension; cause appears to be bank-specific (embezzlement/insolvency). OCR errors corrected (e.g., 'Harvel State bank' -> Harvel State Bank).

Events (2)

1. January 1, 1931* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank failed (closed) amid alleged embezzlement and insolvency by officers, notably cashier John A. Huber; indictments and receiver appointed.
Newspaper Excerpt
which failed last January
Source
newspapers
2. December 18, 1931 Receivership
Newspaper Excerpt
receiver for the bank. The receiver alleges that Huber ... collect $10,000 alleged to be due on the bond of John A. Huber, cashier of the Harvel State Bank, which failed last January, was filed in circuit court yesterday by Clarence McNaughton of Raymond, receiver for the bank. Dryer and Brown of Hillsboro are attorneys for the bank's receiver. (Apr article: bond given by Harvel officials ... of the defunct Harvel State bank ... Dryer and Brown of Hillsboro are attorneys for the bank's receiver.) Hillsboro H. H. Zimmerman, president, and John A. Huber, cashier, of the defunct Harvel State bank ... both gave bond Monday Hillsboro, Dec. collect $10,000 alleged to be due on the bond of John A. Huber, cashier of the Harvel State Bank, which failed last January, was filed in circuit court yesterday against the National Surety Company of New York by Clarence McNaughton of Raymond, receiver for the bank. The receiver alleges that Huber ... (article truncated). (combined excerpts for clarity).
Source
newspapers

Newspaper Articles (2)

Article from The Decatur Review Advertiser, April 24, 1931

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Article Text

Bond Is Given By Harvel Officials Hillsboro H. H. Zimmerman, president. and John A. Huber, cashier, of the defunct Harvel State bank and who were indicted recently by the Montgomery county grand jury, both gave bond Monday The bonds were signed by Edward Diller, August Best and Edward Zimmerman. Huber is named in eight of the twenty-six indictments returned and Zimmerman in five. Huber's name appears on indictments which charge larceny by embezzlement, embezzlement, larceny by embezlement by a public officer. larceny, embezzlement by receiving deposit knowing the bank to be insolvent. On five of the indictments the two officers of the bank are named jointly Judge Harry Stuttle of Litchfield will represent Huber and former Congressman Frank M. Ramey will represent Zimmerman. Dryer and Brown of Hillsboro are attorneys for the bank's receiver.


Article from JG-TC: Journal Gazette and Times-Courier, December 18, 1931

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Article Text

BANK CASHIER ACCUSED OF POCKETING $10,000 Hillsboro, Dec. collect $10,000 alleged to be due on the bond of John A. Huber, cashier of the Harvel State Bank, which failed last January, was filed in circuit court yesterday against the National Surety Company of New York by Clarence McNaughton of Raymond, receiver for the bank. The receiver alleges that Huber