Bank of Edwardsville sues to collect on loan default

By Steve Gonzalez | Jan 24, 2005

The Bank of Edwardsville filed suit against Daniel Harms and Harms & Associates Jan. 21 seeking to collect on a default promissory note.

The Bank alleges Harms is in default under the terms of a note which matured on June 1, 2004, and as of Jan. 11 owed $52,643.11 plus expenses and attorney fees.

According to the agreement, interest continues to accrue.

Represented by Mark Silvermintz of the Kunin Law Offices in East St. Louis, The Bank of Edwardsville is seeking a judgment be entered in the sum of $52,643.11 plus expenses, attorney fees and additional accrued interest to date of judgment and cost of suit.

The Bank of Edwardsville also is seeking a judgment in the amount of $3,663.76 plus all costs and fees claiming Harms is in default of a revolving loan account agreement.

The case has been assigned to Circuit Judge Andy Matoesian.

The Bank of Edwardsville was founded in 1868 and is a locally-owned bank in Madison County with assets exceeding $1 billion and a staff of more than 400 employees. It has 15 branches.

05 L 065 (3rd circuit)

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