Bank Sues Bloem For Loan Breach

An Idaho bank has filed a civil suit against Mayor Sandi Bloem for allegedly breaking a lending agreement when the three-term incumbent and jewelry store owner defaulted on a loan. Attorneys for Panhandle State Bank filed the breach of guaranty claim in 1st District Court on Monday, seeking $80,375.04 plus attorneys’ fees and costs from Bloem, owner of Johannes Jewelers, Inc., in downtown Coeur d’Alene. The complaint states Bloem entered into the $75,000 loan on June 30, 2005, with all remaining principal, accrued and unpaid interest, coming due July 30, 2011/ Tom Hasslinger , Coeur d’Alene Press. More here.

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