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# April 1,1985 Des Moines, Iowa Vol. 13 No. 50 For FmHA, Farmers and Banks The Clock W inds Down on “ D A P ” Rescue F EVER there was a moment for the genuine meaning o f the wellknown trite legal phrase, “ Time is of the essence,” it is now. With planting season almost at hand in the Heartland of America, the Farmers Home Administration and many rural bankers are working together in an effort to make the Fm H A’s guaranteed loan program pump life for at least one more growing season into financially ailing farmers. This teamwork between local bankers and the state and county F m llA officials they know and have worked with has been thrown off stride to some extent because of Washington leaders marching to the dress parade drum while those “ in the trenches” in the midwest are fighting the battle to the heartbeat of reality that tells them this may truly be the last go-round for a cer tain number of the soldiers. The reality is that a percentage estimated by different sources to be anywhere from 5% to 20% of farm ers could well go out of business today—some of them victims of normal attrition, others of the times;, another reality is that estimates say an additional 40% or 50% of farmers are in serious financial difficulty and need time purchased by debt restructuring programs; a third reali ty is that in this complex scene, another 25% to 30% of farmers are I ^ 0 • # # # ® in good shape and many actually are making a decent amount of money. Another reality is that many rural banks have few or no ag loan prob lems, while other community banks have serious ag loan problems. It is an incongruous scene that cannot be compared to the 1930s Depression when everyone was in the same miserable boat. It is within the context of this pic ture of anomalies that midwest offi cials of the FmHA and bankers through their associations are try ing to work together to implement the only game in town—the Guaran teed Loan Program. In Nebraska, the Nebraska Bankers Association worked closely with Acting State FmHA Director Roland Vautour to schedule, intensely publicize and present five workshops in as many cities in just three days recently to acquaint Nebraska bankers with the latest FmHA directives on the pro gram and the Debt Assistance Pro gram (DAP) that is currently being offered. Nebraska bankers responded from among the state’s 460 banks by turning out more than 600 per sons in attendance for the five meet ings. Following the meeting, N BA headquarters im m ediately sent every bank a two-page summary of the program and urged bankers to help make the program work for qualified farm customers. Across the Missouri River, the Iowa Bankers Association elected to conduct a 12-city Teleconference that gave Fm HA State Director Bob Pim and his staff an opportu nity to talk simultaneously with more than 1,000 lenders, Fm HA per sonnel and reporters. The two-way conference provided the opportunity to have numerous questions dis cussed by Mr. Pim and IB A offici als. During the Iowa Bankers A g Con ference at Ames two weeks ago, a special videoconference was arranged to bring a meeting of USD A Secre tary Block, Under Secretary Frank N aylor, Iow a Senator Charles Grassley and Iowa Rep. Cooper Evans on a large screen to the more than 300 bankers attending that conference. When word of the satel lite hookup was made known, more than 30 stations and networks beamed the videoconference into their cities to hastily assembled farm groups or for replay. Secretary Block was delayed at a White House meeting. As reported in the A g Con ference writeup (April magazine), Mr. Naylor acknowledged FmHA needed to speed up the turnaround time on guaranteed loan applica tions and assured bankers of the complete commitment by FmHA staff to making the plan work. Both Mr. Vautour of Nebraska “ D A P ” RESCUE . . . (Turn to page 4, please) Call on the “Experienced Professionals” Ready to meet your correspondent needs. FIRST NATIONAL LINCOLN 13th & M Streets, Lincoln, Nebraska 68501 A FirsTier Company https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Member, F.D.I.C. Norwest Bank Des Moines, N.A. Serving bankers quietly and efficiently. Call (515) 245-3131 or toll-free (800) 362-2514 Member FDIC NORWEST BANKS CAPITAL PERSONNEL SERVICE 714 U.C.B. Building, 515-283-2545 Des Moines, Iowa 50309 Yearn work: one of the reasons we’re first in Iowa. John Rigler Sioux City, where he most recently was client services consultant. He served at First National four years prior to joining Banks o f Iowa Com puter Services in 1977. Tom Quinlin Iowa News The Iowa Bankers Association has alerted its membership that phony $100 bills are circulating in the central Iowa area. The phony bills are reported to have broken or irregular points on the green Trea sury seal, and the blue and red silk pieces are missing in the bills. If a bill is spotted notify the Secret Ser vice in Chicago at 312/353-5431 and ask for Ms. Little. The Service will verify any bill if there is doubt as to its authenticity. * * * DES MOINES: Roger D. Poppen has been appointed vice president and manager of the farm manage ment division of United Central Bank of Des Moines, N.A. He joins the bank from Sandage Companies of Ames, where he held the position of real estate coordinator. DES M O IN ES: Bankers Trust Company recently announced the following promotions: Joseph J. Bustin and Donald E. Kearney to se nior vice presidents, and Sandra K. Kuehl and Patricia F. Rourke to vice presidents. Mr. Bustin joined the bank in 1981. Mr. Kearney, loan ad ministration, joined last year and previously served in banks in Colo rado, Kansas and Iowa. Ms. Kuehl, commercial banking, joined in 1981. Ms. Rourke, international has been with the bank since 1983. ELDORA: Glen Spence has been named president of Hawkeye Bank and Trust. Previously executive vice president at Commercial State Bank, Marshalltown, he succeeds Don Poppen who resigned. OELWEIN: Mark Pingrey has been elected president o f First National Bank in Oelwein. He succeeds Rich ard R. Park, who resigned. Mr. Park has served as president the past two years. Mr. Pingrey previously was president and trust officer of the Monmouth Trust and Savings Bank in Monmouth, 111. ASK GARY BARTLETT SIOUX CITY: First National Bank here has appointed Mark R. Para dise to the position of correspondent banking officer. Mr. Paradise trans ferred to the bank from Banks of Iowa Computer Services, Inc. in to make MNB work for you. Toll free Member F.D.I.C. A BANKS OF IOWA BANK SPENCER: L.W. Graham has joined United Central Bank of Spencer as vice president in charge of commer cial loans. Mr. Graham most recent ly was with United Central Bank of Fort Dodge. North Dakota News The North Dakota Bankers A sso ciation Teller/Staff Conference will be held at four locations in April, presenting information to help bank tellers and staff meet the challenges o f the changing banking environ ment. Registration and more informa tion can be obtained by calling the N D BA office in Bismarck. The dates and locations are as follows: April 16—Artclare Motel, Devils Lake; April 17—Ramada Inn, Minot; April 18—Holiday Inn, Dickin son; April 19—Holiday Inn, James town. G R A N D FORKS: First Grand Forks has elected Bruce E. Rampelberg as president. Arnold L. Braaten continues as chairman and chief executive officer. Mr. Rampelberg most recently was senior vice presi dent of First Bank Rapid City, S.D. Peter DeRosier... Our newest correspondent banking professional 1- 800 - 332-5991 Merchants ^ National Bank 151 SIOUX CITY: Jay Rehnstrom was recently appointed correspondent bank officer at Toy National Bank. He joined the bank in 1981 as a bank trainee, and most recently was serv ing in the agricultural loan depart ment. H. PETER DEROSIER Vice President Valley National Bank ¡5 DES MOINES, IOWA 50304 Member FDIC A BANKS OF IOWA BANK Call toll free (800) 622-7262 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Send Your News Today to the NORTHWESTERN BANKER TELL US ABOUT. . . 306 Fifteenth Street DES MOINES, IOWA 50309 Staff Changes Business Campaigns Mergers, Consolidations New Departments at the Bank Remodeling or New Building BANK .......................................................................................... OFFICER ...................................................... .............. ....TITLE CITY https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis STATE Open Houses Anniversary Parties Deaths or Retirements Speeches Made by Bank Officers Special Announcements to the Public “ D A P ” RESCUE . . . (Continued from page 1) and Mr. Pim of Iowa likewise have expressed the complete dedication of themselves and their staffs to get ting the rush of applications pro cessed so guaranteed loan money can be released by the private lend ers to those who qualify for operat ing loans prior to planting time. It is not uncommon to see FmHA work ers on the job 10 to 12 hours a day for six days a week to speed up the processing. The State Directors stress that although bankers who obtain Ap proved Lender status can get their loans processed through the system much quicker (five working days is the goal), any banker may submit loan applications under the D AP program on behalf of qualified farm customers. All state banker associa tions have furnished the guidelines to their memberships, as Iowa and Nebraska have done. The Debt Adjustment Program (DAP) is the route being used most extensively right now. Iowa bankers at their A g conference indicated they would have more than 700 ap plications presented, which was in terpreted to mean Fm HA could ex pect more than 1,000 applications from all Iowa banks. Apparently, that estimate was true, or exceeded, for on Monday, March 25, the Des Moines office was flooded with a mail cart stacked high with bags filled with applications or inquiries from farmers. As the program has been pre sented to bankers for their use, an for a guaranteed loan will be completed in the local bank. The NBA, for example, told its members the FmHA wants “ ball park reasonable” financial informa tion on the loan apps. The county supervisor has loan approval author ity of up to $175,000; the district of fice has approval authority up to $185,000, and anything in excess must go to the State Director’s of fice for approval. D A P requires the private lender to write down the interest or prin cipal or both by at least 10% so a positive cash flow can be obtained. With all other parts o f the applica tion in place, Fm HA can guarantee up to 90%. The Iowa office encour ages all lenders and suppliers to work together in effecting a write down of the customer’s debt to make the cash flow qualify. In its briefing for members, the American Bankers Association said the maximum limits for a D AP loan are $400,000 for operating loans and $300,000 for farm-ownership loans. However, a $650,000 combination limit does apply to DAP. A B A ’s March 26 issue of A B A Bankers News Weekly has a number of valu able stories relating to the FmHA program. Iowa Fm HA State Director Bob Pim told his staff in a statewide memo March 15, “ In support of making the guaranteed loan pro gram work, we have committed FmHA to provide a 14-day turn around time on guaranteed loans once a properly prepared loan is re ceived. We need everyone to priori tize this commitment to enable the targeted turn-around time to work DIRECTOR OF PUBLIC EMPLOYEES RETIREMENT SYSTEMS Seasoned professional required to administer the retirement systems for Nebraska Public Employees/Retirement Board; assets exceed $50 m illion and enrollment num bers more 50,000. Functioning in accordance with established policy and direction, the selected candidate will manage 7 retirement systems with diverse statutory au thority. Responsibilities include acting as Secretary to the Board; interfacing direct ly with employee groups, investment and underwriting firms, consultants and legis lature; and preparing annual budget plans. Solid knowledge of Nebraska law respec tive to retirement systems and a thorough understanding of the general financial/ management characteristics of financial institutions are essential qualifications. The ability to plan for OR experience with office management computer support is necessary. Salary is negotiable. Applications and questionnaires are available from: NEBRASKA STATE DEPARTMENT OF PERSONNEL P.O. Box 94905 Lincoln, NE 68509 (402) 471-2075 An Affirmative Action/Equai Opportunity Employer M/F/H https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Ag Banking Specialists Let us help w ith your career advancement or staffing needs. Call in confidence, w ithout obligation. Employ ers pay our reasonable fee to hire the best. Linda 515/394-5827 New Hampton, la. 50659 ( Jean 515/263-9598 (W/F) 712/779-3567 (M/T/TH) Massena, Iowa 50853 aqncareers, in c . AG BANKING PERSONNEL SPECIALISTS as it is very important to both farm ers and Fm H A.” Then in his March 25 letter to staff, Mr. Pim said, “ There is finally a realization that we need to make the existing programs work. It is late and there is a sense o f urgency. Some lenders are testing us to deter mine just what we will accept. The objective is to take loans that are not good enough to remain with the bank without a guarantee, though they are of a sufficient quality that a reasonable chance of success exists. Profit trends for farmers in many cases have not been positive. Times have not permitted increased net worth. Any recent deterioration of net worth in a credit application should not bring an automatic turn down on the guaranteed program.” A further means of assistance to rural ag-lending banks was made available by the Federal Reserve Board when it announced March 8 that Federal Reserve banks, “ Will allow a borrowing institution, es pecially a smaller one, to obtain a greater portion of its seasonal needs for funds” at 8.5%. The formula for using the discount window has been changed from 4 to 2% of the first $100 million in deposits, from 7 to 6% of the second million in deposits, and remains at 10% over 200 mil lion. The program will be available through September. Further details may be obtained from area Fed banks. So, while the Potomac parade drum beats out cadence for political rhetoric, many midwest bankers across Illinois, Wisconsin, Minne sota, Iowa, Nebraska, the Dakotas and other states are determined to utilize Fm H A’s D A P program and other realistic approaches to aid their customer base. Their onlydrumbeat is the heartbeat of hope that springs eternal at planting time each year. •; □ Nebraska News 0 0 0 • • ® ® • ^ w ^ ^ ® During the Nebraska Bankers A s sociation executive council meeting March 21 in Kearney, the nominat ing committee presented the name of C.G. (Kelly) Holthus, president, First National Bank of York, as its candidate for election as PresidentElect of the N BA at the state con vention next month. The committee also named its slate for three-year terms on the executive council, representing the eight groups (see April magazine). The Executive Council also re ceived a complete report on pending state legislation from General Coun sel Bill Brandt. Several bills N BA has supported have been advanced on file or passed and signed by the Governor. LB 138 that would have created a nine-member advisory bank board to the director of bank ing was killed. N BA feels the direc tor’s present ad hoc advisory com mittee is sufficient. Double jeopardy bills LB 274 and LB 624 were killed by committee. LB 614, the usury bill which would reduce the usury limit to its old level of several years ago and is opposed by NBA, was delayed for final reading. LB 158E is still on file and is the livestock market and com mission merchant lien exemption bill. The “ Big Bad News,” as the N BA report stated, is the Revenue De partment’s determination to impose LB 717 on banks. N BA states this is an unfair tax bill and tries to recover and impose new taxes for monies re covered earlier by banks after a pre vious tax was declared unconstitu tional. N BA has called on all banks for direct contact with their state senators to defeat this major bill. MONROE: Larry Pilakowski has been named president of Bank of Monroe. He succeeds Robert Hayter, who retired. Mr. Pilakowski had been serving as vice president of the bank. Also announced was the ad vancement of Kathy Votaw Dubs to vice president and Carolyn Cook to loan officer. OM AH A: All Nebraska bankers are invited to a reception and banquet at 6 p.m. on April 14 to honor Harris c d io id z x a n d c / f ± ± o c ia t i± Bank Consultants Specializing in Bank Acquisitions P.O. Box 450 515-232-0814 405 Main Ames, Iowa 50010 D o nald E. H o lder, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Principal I ' jg| I Count on the FNB team for any Correspondent service. j|P^ÆÊk Æm ¡BBS I ' S*? 712/277-0610 712/277-0610 Gary Stevenson Lon Kelling First National Bank n Member FDIC • Sioux City • A BANKS OF IOWA' BANK Osterberg and Kay Kenworthy for their 20 years of service to the Schools of Banking. They are retir ing from that work. For reserva tions, call Jone Beer at N BA head quarters, 402 474-1555. Minnesota News SAIN T PAUL: Rodell L. Hofland has been elected president of First Bank Security. He succeeds Robert T. Wallner, who retired March 31. Mr. Hofland has served as senior vice president of the bank’s commer cial division since 1983. TWO HARBORS: Norwest Corpo ration has announced that Carolyn Roberts has been named president and managing officer of Norwest Bank Two Harbors. Ms. Roberts had been vice president and man ager of the bank since last Novem ber and prior to that served as man ager of the Denfeld and Miller Hill branches of Norwest Bank Duluth. Illinois News will purchase the failed bank’s in stallment loans, real estate loans and certain other assets for $2.1 mil lion. To facilitate the transaction, the FDIC will advance cash amount ing to $2.3 million and will retain assets of the failed bank with a book value of about $2.7 million. Wyoming News The W yoming Bankers Associa tion will be presenting a one day Se curity Management Seminar to be held April 16 at the Casper Hilton Inn. Presented in conjunction with the American Bankers Association, the seminar will feature speaker Jerry Kenna, president of Profit Protec tion, Inc., Miami, Fla., a firm that analyzes approximately 6,000 crime and loss incidents per year. Registration is from 8:30-9:00 a.m. and the seminar will run from 9:00-5:00. Topics to be covered in clude: Drug Money Laundering, Robberies and Burglaries, Kidnap Extortion, Frauds and Embezzle ments. For more information, con tact the W B A office in Casper. EMINGTON: The board of direc tors of the Federal Deposit Insur ance Corporation today announced RIVERTON: Harmon H. Watt has that the deposit liabilities of The been elected to the newly-created Taylor State Bank, Emington, have position o f chairman of the board at been assumed by The First National First Interstate Bank of Riverton. Bank of Dwight. The failed bank’s Mr. Watt will be succeeded as presi solo office reopened on Saturday, dent and CEO by John L. Warden, March 16, as a “ facility” of The who has been serving as vice presi First National Bank of Dwight and dent and regional manager of First its depositors automatically will Interstate Bank of Nevada, a bank become depositors of the assuming he joined in 1963. bank, subject to approval by the ap POSITIONS AVAILABLE propriate court. The Taylor State 3 AG LENDERS • E. Nebraska & W. Iowa. 2-5 yrs. Bank was closed on March 15, by To $30K William C. Harris, Illinois Commis MARKETING DIRECTOR • Degreed. 5 + yrs exp. Omaha. $40-60K sioner of Banks and Trust Compa COMMERCIAL LOAN OFFICER - 4-5 yrs. Degreed. nies, and the FDIC was named re Omaha. To $40K ceiver. In addition to assuming Richard L. Beam, CPC about $4.5 million in 1,200 deposit GUMBERT EXECUTIVE EXCHANGE, INC. 11246 Davenport Street accounts, The First National Bank Omaha, NE 68154 of Dwight has agreed to pay the Phone: 402/330-3260 Member National Personnel Associates FD IC a purchase premium of We’re Nationwide $185,000. The assuming bank also POSITION AVAILABLE CONSUMER LOAN OFFICER—(3) year minimum experi ence great opportunity for advancement, 2nd position in $16MM Department. Send resume to file WCY, c/o North western Banker. (PA) PRESIDENT—$6 m illion northeast Iowa ag bank. Lending background required. Excellent opportunity to advance in a holding company organization. Send resume to: Sharon R. Cmelik, P.O. Box 360, Waterloo, Iowa 50704. (PA) COMMERCIAL LOAN OFFICER—Assistant Vice President or Vice President of Commercial Loans and Opera tions. $85MM bank. Prefer experienced banker. Send resume to file WCZ, c/o Northwestern Banker. (PA) Western Iowa bank has immediate opening for AG-LOAN OFFICER. Prefer ag degree and 3 or more years experi ence. Significant career w ith bank or as part of a growing holding company. Send resume and salary requirements to Mike Keim; 707 North 90th Street, Suite 304; Omaha, NE. 60114._____________________________________ (PA) “SENIOR LOAN OFFICER needed in $65 m illion bank in Central Iowa. Successful candidate should be strong in all areas of lending, knowledgeable o f banking laws, able to supervise, innovative, self starter, good organizer with positive attitude, w illing to promote bank and be involved in com m unity.” Send resume to file WDA, c/o Northwest ern Banker. (PA) COMMERCIAL LOAN OFFICER—Commercial lending ex perience required. Must have proven success in prospect ing, interviewing and structuring good commercial loans. Expert knowledge o f handling collateral, documentation and credit analysis necessary. Competitive salary and ex cellent benefit package. Send resume in confidence to Human Resources, United Federal Savings Bank, Locust at Fourth, Des Moines, Iowa 50308. (PA) INVESTMENT OFFICER for small regional midwestern bank. Needs 10 years' experience. Investment portfolio $250 m illion. Must have excellent credentials. Salary com mensurate w ith experience. Contact file WCV, c/o North western Banker. (PA) LOAN OFFICER—$50 M illion Central North Dakota Bank has an immediate position for an enthusiastic, well rounded lender. Lender should have minimum 5 years lending ex perience. Excellent opportunity w ith growth potential for right candidate. Send resume and references to: P.O. Box 1074, Bismarck, North Dakota 58502. (PA) AG LOAN OFFFICER position available in Northwest Iowa bank. County Seat town. Progressive community. At least 2-3 years experience desired. Send resume and references to Elmer Huizenga, Sr. Vice President, Box 488, Orange Ci ty, Iowa, 51041. (PA) COMMERCIAL LENDERS— Excellent opportunities at an aggressive 140 m illion Norwest A ffiliate. We are currently seeking an individual w ith 5-7 years Commercial Lending experience and an individual w ith 1-2 years Commercial Lending experience. Competitive salary and benefits. Please send resume to: Norb Harrington, V.P., Norwest Bank Mankato, N.A., P.O. Box 168, Mankato, MN 56001. _______________________________________________ (PA) CORRESPONDENT BANK/AG LENDING—$200 m illion eastern Iowa bank. Must have experience in banking, PCA, FHA, or Agri business w ith college degree. Position will entail handling correspondent bank relationships and ag loans. Salary commensurate to experience. Send resume and salary requirements to file WCX c/o Northwestern Banker. An Equal Opportunity Employer. (PA) POSITIONS AVAILABLE SR LOAN OFFICER • Progressive expansionary rural bank seeks an aggressive ag lender w ith strong career goals and 4-5 yrs in banking for this highly responsible position. $30K. WANT ADS— Rates are $5.00 per line per insertion. Add $3.00 for file letters per insertion. Identify of file letter ad vertisers cannot be revealed. NORTHWESTERN BANKER, 306 15th St., Des Moines, Iowa 50309. Phone 515/244-8163 Position in northeast Iowa. Minimum 3-5 years lending experience. Cash flow and loan documen tation necessary. Excellent benefits and career opportunities w ith growing multi-bank holding company. Salary commensurate w ith experience. Send resume and references to: (PA) TRUST OFFICER for department in $200 MM bank. Continued growth presents real opportunity. Responsibili ties include trust and estate adm inistration and taxation, employee benefit plan adm inistration, extensive customer contact and business devel opment. Trust experience and knowledge of in vestments helpful. Send resume to: J.R. Gordon - Trust Department Hills Bank and Trust Company Hills, Iowa 52235 CEO with 17 years commercial lending background and 11 years as president and CEO. Six years as national ex aminer. References........................................................Salary $50,000. CEO - age 40 - with 15 years experience in ag lending. Cur rently heads Small bank. Iowa State grad. Seeks Iowa or Nebraska position....................................Salary negotiable. SENIOR LENDER in $100 m illion bank. Graduate of Iowa State in ag business.......................................................Salary $50,000. COMMERCIAL LENDER - age 46 - over 10 years solid lend ing background in $60 m illion bank. Small business and real estate lending is a speciality................................ Salary $38,000. COMMERCIAL LENDER - age 28 - five years experience in quality bank. Lending background, includes commercial, real estate and installm ents.........................................Salary $31,000. AG LENDER with four years experience in $40 m illion bank and four years in $75 m illion bank. Good docum entation. . ..........................................................................Salary $28,000. COMMERCIAL-AG LOAN VICE PRESIDENT Charles V. Perry, President Parkersburg State Bank Box 70, Parkersburg, IA 50665 Phone: 319/346-2114 Qualified Bankers CEO w ith 21 years banking experience. Solid background in lending and adm inistration. Doubled bank assets in less than four years. Can assume full responsibility for loan policies and investment portfolio. College grad................... ...................................................................Salary negotiable. COMMERCIAL REAL ESTATE - age 44 - College grad - over 12 years experience in $80 million bank. . . . Salary $38,000. AG LENDER • age 32 - Iowa State grad w ith six years exper ience in $20 m illion bank. Documentation and collection record excellent............................................................. Salary $28,000. CASHIER w ith lending experience - age 28 - graduate of Univ. of Iowa. Six years in banking plus experience as ex aminer. Prefers eastern Iowa....................................... Salary $30,000. OPERATIONS EXECUTIVE w ith 3o years experience in $60 m illion bank. Also, experienced in ag and real estate lend ing. Numerous computer conversions, including IBM-34. . ...................................................................Salary negotiable. TRUST OFFICER w ith law degree and excellent knowl edge of estate, tax, business and retirement planning. . . . ..........................................................................Salary $35,000. INSTALMENT OFFICER w ith six years instalm ent and real estate experience. College grad. Now vice president of $50 m illion bank....................................................................Salary $28,000. Write or call Malcolm Freeland or Cy Kirk at Freeland Financial Service, Inc., 1010 Equitable Bldg., Des Moines, Iowa 50309. Phone 515/282-6462. Employer pays modest fee. We have many other qualified applicants. (PA) BANKING OPPORTUNITIES DON■@!!cHOOLER |r AND ASSOCIATES "S u c c e s s fu l B a n k in g is Q u a lity P e r s o n n e l" COMMERCIAL LENDER/SR LO—$60mm metro II bank. Clean bank, strong credit skills needed. Contact Barbara J. Ritta $35-45K. AG LENDER—$50mm eastern NE bank. Lite ag lending required (FmHA, PCA, FLB, Bank). Contact Barbara J. Ritta $15-28K. SR TRUST ADMINISTRATOR - $200mm + and growing trust department is in need of a Sr. Trust Administrator. Must want to be #1 man within a year. Strong estate plan ning background and 5 + years in trust work are necessary. Excellent opportunity to move up quickly for the career motivated professional. $38K. If you would like to be informed of positions as they become available and if you are interested in chang ing your present position, send your resume or phone Don Schooler, 417-882-2265, 2508 East Meadow, Springfield, Missouri 65804. Information on you w ill be kept confidential until you are inter ested in a specific position. TRUST OFFICERS—2 banks eastern W isconsin. Heavy emphasis on Emp. Ben. knowledge of Erisa, Tefra and Defra. Salaries to $40K. Contact Pamela J. Swenson. PRESIDENT - $30mm rural bank. Take charge individual to accept challenge of a well financed clean-up operation. Indepth ag and trouble-shooting backgrounds are required. $50 K. Eighteen years of banking serving as President of rural and m etropolitan banks enables me to match you, technically and personally, w ith the right bank ing environment. PROFESSIONAL RECRUITERS 6818 Grover Street Omaha, NE 68106 Phone: 402/397-2885 AG LENDER - $25mm + rural institution w ithin half hour of large metropolitan area seeks an achiever who desire re sponsibility. Requires 2 + yrs lending exp in a bank/PCA type environment and some workout knowledge. $25K. POSITIONS CURRENTLY AVAILABLE Missouri, Iowa Oklahoma, Kansas, Arkansas. ( Illinois, and Nebraska TRUST OFFICER - Dramatically expanding trust area in a beautiful midwestern college community. Detail oriented trust person w ith 3 + yrs exp in all phases of trust. Step ping stone to advancement w ithin a strong bank. $30K. COMMERCIAL LOANS - Recognized leading fa cility in capital city desires an individual w ith new business devel opment skills and current urban commercial lending exp. Strong history of promotions within and excellent bene fits. $40K. FOR FURTHER INFORMATION FOR THESE AND OTHER POSITIONS RESPOND IN CONFIDENCE TO: R. KURT ROSENCRANTS AT (515) 244-4414 <H M 1 1H H ► 1H > «• H ® R O B E R T BMBUF 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 ALL FEES COMPANY PAID SR COMM LENDER— large bank metro Minne sota. 7 years experience. Bus Dev. skills helpful. Contact Pamela J. Swenson. Salary to $48K. POSITIONS AVAILABLE COUNTRY COMMERCIAL LENDER in a $30mm range bank, population 3,000 ..................... $30,000 INSTAL. LOAN - $100MM suburban bank. Requires one or two yrs. consumer lending experience. Some supervision $18K CHIEF ADMINISTRATIVE OFFICER in a $150mm range bank. Lending and adm inistration back ground and knowledge of o p e ra tio n s .................... .......................................................... $60,000-$75,000 COMML. LOAN • $250MM urban bank. Addition to staff. Future advancement possible $40K PRESIDENT for a $40-$50mm bank, heavy ag, pop ulation 3,000 ............................. $50,000 HEAD COMMERCIAL LENDER for an $80mm bank, 9,000 p o p u la tio n ............................... $55,000 TWO AGRICULTURAL LENDERS in country towns, $25mm range b a n k s ....................... $30,000 PRESIDENT for a $45mm bank, near large lake area ................................................................$60,000 VICE PRESIDENT, COMMERCIAL LENDING in a $30mm bank, 75,000 population ra n g e ........ $45,000 JUNIOR COMMERCIAL LENDER, $100mm bank, 15,000 p o p u la tio n ......................................... $22,000 COMML/REAL ESTATE - heavy commercial loan experi ence and some exposure to large R.E. lines. Senior posi tion in $20MM suburban bank $40K AGRILOAN - share lending responsibilities w ith President for $30MM Ag bank. Some operations background desired $35 K PRESIDENT - $30MM independent suburban bank. Must have previous CEO experience and strong marketing skills $Open TOM HAGAN & ASSOCIATES 2024 Swift - Box 12346 North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry Since 1970” Voi. 13 No. 50 Northwestern Banker Newsletter (USPS 873-300) is published weekly by the Northwestern Banker Company, 306 Fif teenth Street, Des Moines, Iowa 50309, (515) 244-8163. Subscriptions $1.00 per copy, $18.00 per year. Second class postage paid at Des Moines, Iowa. Address all mail subscriptions, changes of address (Form 3579). manuscripts, mail items to above address. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
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