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Sterling announces new chairman

Sterling Financial Corp. today announced the appointment of a former Wells Fargo & Co. executive as chairman of the board.

The appintment of Leslie "Les" S. Biller must be approved by Sterling regulators, and is subject to completion of its $720 million recapitalization effort.

Biller is the chief executive officer of Greendale Capital, a private investment and consulting company. Before founding Greendale in 2002, he was the executive vice president and chief operating officer at Wells Fargo. 

He had been president of COO of Norwest Corp. when it merged with Wells Fargo in 1998, and also held executive positions at Bank of America and Citicorp.

Biller, a Los Angeles resident, has a bachelor's degree in chemical engineering degree from City College of New York and a master's in business administration from Xavier University.




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