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Former Sterling branch manager barred

A former Sterling Savings Bank branch manager in Klamath Falls, Ore., has been barred from the banking industry.

The Federal Deposit Insurance Corp. issued the order against Shannon Kuhlman last month.

Kuhlman allegedly engaged in unsound banking practices that will inflict, or probably inflict, significant losses on the Spokane bank. In doing so, she either acted dishonestly, the FDIC says, or in willful disregard of sound banking practices.

Kuhlman's actions make her unfit to work for a bank, or vote proxies in banks or other financial institutions, the FDIC order says, noting that she did not admit or deny any of the alleged behavior.

Sterling spokeswoman Cara Coon said the bank would have no comment, except to note Kuhlman lef the bank in 2008.

No additional information was available from the FDIC, or Washington Department of Financial Institutions.

Sterling, after taking major losses on real estate and construction lending, recapitalized last August. 

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Bert Caldwell
Bert Caldwell oversees production of the opinion pages, including writing editorials, and editing and selecting letters, columns and cartoons.




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