Area hipster denied large personal loan

When Jacob Sterling entered the Bank of the Pacific office on Commercial Street, he had all intentions of walking out of there a very rich man.

But what Sterling hadn't counted on is the bank's right to deny him of his requested loan.

Photo courtesy of the Bank of the Pacific security system.

Sterling, a self-employed dishwasher from Tigard, recently moved to Astoria in search of a geographical cure to the multitude of problems he left behind.

"I've been having a very difficult time getting by," Sterling said. "But there's nothing going on in my life that a hundred grand couldn't fix."

When asked why Sterling would be denied a loan of this size, Bank of the Pacific teller Jack Morningbone explained it was simply out of their comfort zone.

"I'm trying to remain cordial here," Morningbone said. "But Mr. Sterling wouldn't qualify for even our most minimal loan programs. He has no assets, no record of employment, no pending settlements, and was quite frank about not being able to pay the loan back."