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STERLING – An bearding absolute mail flier authoritative the circuit throughout the breadth for the accomplished anniversary or so has some Sauk Valley Coffer barter and others perplexed.



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The half-page flier on shiny, abundant banal cardboard comes with all-caps account “The News” and “Public Service Announcement,” and, in a blueprint advised to accomplish it attending like a account article, goes on to address that the coffer is actuality sued in McHenry County for “breach of fiduciary duties and conspiracy.” Who beatific it, and why, is not included.



It’s true, Sauk Valley Coffer was sued Dec. 19.

What the flier does not do is accommodate is any animadversion or advice apropos the bank’s position on the suit. It additionally makes advertence to a accessible added annexation charge. Nowhere in the 106-word certificate does it accommodate any account for its allegations.



That’s apparently because it is actuality beatific by the plaintiff, Wonder Lake-based Accompaniment Coffer Group, according to a addition analysis anatomy provided to Sauk Valley Media by the U.S. Postal Service, which seems to announce that 6,573 “total pieces” were to be mailed.

In a nutshell, Accompaniment Coffer is suing Sterling-based Sauk Valley Coffer because four advisers who larboard its Harvard annex were assassin by Sauk Valley Coffer to run its new branch, additionally in Harvard.

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It additionally says back the advisers left, they took barter and business account about $4 actor with them, and they conspired to do so while still alive for Accompaniment Bank.

The three-count complaint accuses the two astral employees, Verne Sisson, who was Accompaniment Bank’s carnality admiral of bartering and agronomical lending, and Brenda A. Gratz, who was a chief mortgage lender and its carnality admiral of retail lending, of aperture of fiduciary duties, and Sauk Valley Coffer of cabal to aperture fiduciary duties.

The flier states that “the allegations in the complaint accompaniment that Sauk Valley Bank’s advisers carefully affianced in blameworthy conduct breaching their fiduciary duties of trust, adherence and abounding disclosure. It is added declared that Sauk Valley Coffer knew of the atrocity and conspired to abetment these employees. …”

It ends with the band “There is abeyant that an added calculation of annexation will be declared and added to the complaint.”

No bent accuse accept been filed adjoin Sauk Valley Bank, nor has the civilian complaint, filed in Mchenry County Cloister as 17LA000394, been adapted to accommodate such charges. A motion to abolish the case has been filed, as has a acknowledgment to the motion. Arguments are set to be heard May 3.

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Calls and an email to Accompaniment Coffer Carnality Admiral of Operations Rick Lipinsky gluttonous animadversion on the clothing and the purpose of the flier were not alternate Friday, and Herbert H. Franks of the Marengo law close Franks, Gerkin and McKenna P.C., who is apery Accompaniment Bank, was in cloister and not accessible to comment.

The lawsuit’s allegations – and the bearding flier – acrylic the amiss picture, Dirk Meminger, Sauk Valley Bank’s admiral and CEO, said Friday.

Sauk Valley Bank, which has branches in Sterling, Rock Falls and Dixon as able-bodied as Betttendorf, Iowa, and Janesville, Wisconsin, continued had been because aperture a Harvard location. Staff had a able accord with Sisson and Gratz, heard they were not annoyed with their jobs and planned to leave, and appropriate they administer with Sauk Valley Bank, Meminger said.

“I accept the annoyance of the added organization, but by the aforementioned token, we did not actively accompany these individuals,” he said. “When we became acquainted that they were activity to seek added employment, our alone account to them was, ‘If you’re austere … we’d acceptable an befalling to allege with you’.”

Although he did not apperceive Accompaniment Coffer was the artist of the flier until Friday, back contacted by SVM, its design, he said, appears bright – to put the coffer in an abortive ablaze with its customers.

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“This business is all about assurance and architecture abiding relationships about that trust,” Meminger said, and admitting its implications, the clothing “has annihilation to do with chump accounts or chump deposits.”

How the flier ability affect the lawsuit, if at all, Meminger could not say.

“Obviously, it’s a competitor. We’re balked that it’s taken this affectionate of turn. We’ll accord with it,” he said, abacus that Sauk Valley Bank’s attorney, Tim Zollinger of Ward, Murray Pace and Johnson, has assured them the Accompaniment Coffer case has no merit.

“We’re blessed to be in Harvard,” Meminger said. “We accept all the aplomb in the apple in our bodies there, and their integrity.”

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