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Local

Status hearing on bank fraud charges postponed

STERLING – A Sterling man who was going to appear Friday in federal court on bank fraud charges will instead appear Wednesday.

Lyle J. Spaulding’s scheduled appearance Friday was postponed because of “routing scheduling changes,” said Randall Samborn, spokesman for the U.S. Attorney’s Office.

The charges against Spaulding, 44, carry up to 30 years in prison and a fine of up to $1 million.

Spaulding pleaded not guilty when he was arraigned in January 2012. According to online court records, he is set for a change of plea.

A 2012 news release from U.S. Attorney Patrick Fitzgerald said Spaulding defrauded Freedom Bank in Rock Falls and Sterling between 2007 and 2009; UnionBank in Tampico between 2006 and 2007; and BMO Harris Bank (then Amcore Bank) in Sterling in 2005.

According to SVM files, Spaulding was senior vice president of commercial lending at Freedom Bank, a vice president and senior commercial relationship manager at UnionBank, and a vice president at Amcore.

How much money Spaulding may have garnered was not disclosed.

He is free pending the outcome of the case.

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