Tag Archives: jewelry

Occupy Idaho: Bank sues Mayor for business loan, Mayor says her business is not in trouble

Coeur d’Alene Mayor Sandi Bloem was shocked to learn that her jewelry store is being sued for more than $80,000.

Panhandle State Bank says the lawsuit is over a $75,000 loan made back in 2005.  Bloem says she was in the process of renegotiating the loan, and never had any indication the bank was going to sue.  She says her jewelry store is not in financial trouble, even though the bank says she failed to pay off the loan.