Spokane7
50°
May 18, 2010 in Business
Sterling Financial names board chair
Sterling Financial Corp. on Monday announced the appointment of a former Wells Fargo & Co. executive as chairman of the board.
The appointment of Leslie “Les” Biller must be approved by Sterling regulators and is subject to completion of its $720 million recapitalization effort.
Biller, 62, 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 and COO of Norwest Corp. when it merged with Wells Fargo in 1998, and also held executive positions at Bank of America and Citicorp.
Biller would succeed William Eisenhart, who stepped in as chairman when longtime chairman and Sterling co-founder Harold Gilkey left the company in October.
Bert Caldwell
Caldwell: West Point trained local bankers to survive 
liarsinnews on May 18 at 8:39 a.m.
Its time we let these poorly managed banks fail. Both Washington Mutual and Sterling executives should be investigated and if found guilty of criminal acts be sent to the Iron Bar Hotel. Period!