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• Vol. 11 No. 51 Des Moines, Iowa N A C H A President Identifies Need For Private Sector Commitment clearing houses, the facilities that process and deliver electronic payment transac tions as an alternative to the physical movement o f paper checks, must be controlled by the private sector rather than the Federal Reserve if it is to ever realize its potential, observed James F. Lordan, president o f the National Autom ated C le a rin g H o u s e A s s o c i a t i o n (NACHA), at the association’s an nual conference, March 21-23 at the Capitol Hilton, W ashington, D.C. The Federal Reserve, which pro vides check clearing services as well as the data processing, settlement and delivery services for 31 o f the 32 ACH associations, has little incentive to encourage electronic data transmission o f ACH entries, Mr. Lordan explained in his address be fore nearly 700 financial institution and corporate representatives attending the conference. “ The ACH concept is still far short o f being truly an electronic delivery system, superior to the check system. The vast m ajority of ACH transactions are still delivered to their ultimate destination physi cally either on tape or paper. “ The Federal Reserve, as the al A • • • • ® ® u tom ated m ost exclusive provider o f the ACH network, still has rights to approve rules and system s changes and therefore can dictate the pace and character o f ACH expansion.” Mr. Lordan, senior vice president o f State Street Bank and Trust Co., Boston, explained that financial in stitutions have no incentive to in stall electronic sending and receiv ing devices since they gain no com petitive advantage o f faster funds availability schedules for electronic transmissions. No issue is more crit ical to the ACH marketplace accept ance than providing availability of funds in a superior m ethod than other payment system alternatives. The N ACH A board o f directors is currently investigating the feasibili ty o f a private sector processing alternative. It is my hope that what will evolve is a two tier ACH network, one level primarily operated through a m ajor national telecommunication vendor and fully electronic from origination to delivery, and the other level, a continuation o f the pre sent Federal Reserve processing. I envision the N ACH A sponsored net work as a complement to the Fed, providing the interregional ex April 11,1983 change or the processing for local operating sites.” While Mr. Lordan noted that the ACH movement could not have made the progress without the Fed, priorities have now changed and N ACH A has becom e the catalyst for new ACH applications such as the Corporate Trade Payments Pro ject currently underway whereby corporations can transmit payments and supporting data to their sup pliers. The National Autom ated Clearing House Association consists o f 32 automated clearing house (ACH) associations who serve 15,000 finan cial institutions in the processing of electronic payments. Since the fall o f 1978, all U.S. automated clearing houses have been linked, providing a nationwide electron ic paym ent interchange mechanism which to date has essen tially been consumer-payment ori ented. The new corporate aspects of N ACH A represent the first time that electronic payments technology will allow corporations to originate and receive trade payments through the ACH network o f automated clearing house associations. Beginning in June, the system will be set in m otion with several Fortune 500 companies being evolved, including Sears, Black and Decker, Don't gam ble when choosing a correspondent bonk. Com e to the professionals. 0 m For ony correspondent bonking need . . . overline assistance, d a ta processing services, investm ent counseling . . . just g ive us a call. W e're the professionals w ho put the response in correspondent bonking. OF DES MOINES, N.A. • MEMBER FDIC • TOLL FREE NUMBER (800) 362-1615 AFFILIATED W ITH UNITED CENTRAL BANCSHARES, INC. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Bemie Kersey KDWA Team w ork: O ne of the reasons we’re first in Iowa. nesMoines A m NATIONAL BANK serve as president and chairman o f both banks. Nebraska News Bob Peterson Vault An Affiliate of Northwest Bancorporation Mem ber FDIC and W estinghouse. It is anticipated that the program will be expanded to include more than 200 companies by the end o f the year. Iowa News The April meeting o f the North west Iowa Group o f the N ABW will be held A pril 13 at Teeg’s in M ilford. H ostess for the 5:30 p.m. meeting will be Helen Gibson. The program, entitled “ Legislative Update,” will be given by W es Ehrecke from the Iowa Bankers Association. IN D IAN O LA: Four employees were recently elected as vice presidents at Peoples Trust & Savings Bank. They are Shirley Cramer, Robert Davey, Pamela M errit and Keith ASK JOHN MANGOLD to make MNB work for you. Banco Call (515) 245-3131 or toll-free (800) 362-2514 W right. M s. Cramer continues her responsibilities as personnel direc tor and operations officer. Mr. Davey is a loan officer serving agricultural and commercial loan custom ers. Ms. M errit is the mar keting director for Peoples Bank. Mr. W right supervises the instal ment loan and m ortgage loan de partments. LAM ON I: State Bank o f Lamoni has merged with Lamoni National Bank as o f A pril 1 . The bank will operate as Lamoni National Bank under a national charter, remaining at the same location and maintain ing the same officers and staff. Frank O. Starr, III has been elected chairman. Joe Hanna, president o f Graceland College, and Gary Schwab, o f Lamoni Livestock Sales, have been added to the board o f directors. LE CLAIRE: Glen H. Suiter, chair man o f LeClaire State Bank and Farmers Savings Bank, Princeton, recently announced that Stephen G. Suiter is m oving his office from Farmers Savings Bank to LeClaire State Bank, where he will serve as chief executive officer o f that bank. He will replace Gerald R. W aters, who resigned as president o f both banks to take a position with North America Financial Services, Ltd. Mr. W aters will remain on the board o f both banks. Glen H. Suiter will BRU LE: M elvin Wiens, previously senior vice president o f Kearney’s First National Bank and Trust Com pany, has been named president o f Bank o f Brule. He will begin his new responsibilities in mid-April. Mr. Wiens spent seven years with the Kearney bank in its agricultural department as farm manager. CRAW FORD: Don Bell has been prom oted to senior vice president and managing officer at Crawford State Bank. Mr. Bell has been with the bank since 1971 and has held the position o f vice president and cashier since 1974. O M AH A: United States National Bank has announced the retirement o f Donald J. Murphy as chairman o f the board. The bank designated the week o f April 6-12 as Donald J. Mur phy week. Scheduled activities in clude an employee reception and “ roast” ; an open house in the bank, and a private dinner party with friends and business associates. Mr. Murphy had been associated with Banco for 42 years, serving the last eight with U.S. National. He re mains on the board o f directors o f the bank and will remain in Omaha to pursue other interests. O M AH A: Jon A. Lindhjem has been elected senior vice president and chief financial officer, and Gregory P. Carlson was elected vice presi dent at The United States National Bank. Mr. Lindhjem previously was with The Mercantile Trust Company o f St. Louis, M o., as vice president/com ptroller. Mr. Carlson comes to the bank from Northwestern Na tional Bank Southwest, Bloom - Recipe for success.. X Toll free 1- 800- 332-5991 B em ie Miller; C orresp on d en t Banking Officer, has o v er jears o f banking exp erien ce, and th e recipe fo r su ccess" Merchants A National Bank 151 Member F.D.I.C. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A BANKS OF IOWA’ BANK Help yourself by calling Bemie A n ftiT H Supplement to Northwestern Banker Newsletter 4-11-83 W here success is etched in quality. he success of your bond you want. And, for over 50 years, our track record for making successful investments. After all, quality is your recommendations has been best assurance of growth in earnings. excellent. Undoubtedly due to our consistently high standards: United M issouri’s Investment Banking Division can make Call or write us today. W e’ll sure you’re investing in high quality hold your investment information in securities. W e offer exactly what the strictest confidence. ■ J portfolio is a function of quality k i Investment Banking Division UNITED MISSOURI BANK §g of Kansas City n.a. Member FDIC U nited w e grow.Together. 10th and Grand o P.O. Box 226 o Kansas City, Missouri 64141 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Send Your News Today to the NO RTHW ESTERN B A N K E R TELL US A B O U T . . . 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 Portable Modular Bank Building Illinois News CHICAGO: Jeffrey W. Taylor has been appointed assistant vice presi dent o f Main Bank o f Chicago. Mr. Taylor has been associate general counsel and loan representative for both Main Bank and Drovers Bank since 1981. General Bank Equipment; S Systems, Inc. RR 45, Box 115 Hiway 73,3 Vi Miles North of Int. 680 Omaha, Nebraska 68152 (402)453-3000 Lease* R ent* Buy ington, Minn., where he held the ti tle vice president and director of human resources. Minnesota News M IN N EAPOLIS: David G. Herzer has been elected senior vice presi dent o f administration o f First Bank System, Inc., effective M ay 1. Mr. Herzer is currently president and chief operating officer o f First Bank Milwaukee, W is. His responsibilities at that bank will be assumed by A1 K. Simpson, First Bank Milwau kee’s chairman and chief executive officer. W ORTHINGTON: A t State Bank o f W orthington, Neil R. Smith was named vice president and cashier, and Jerald R. Tiggelaar was pro m oted to vice president. Mr. Smith has been with the bank since 1978 as cashier. Mr. Tiggelaar started with the bank in 1973 as ag loan represen tative. COMMERCIAL LOAN OFFICER Must have a minimum of three years commer cial lending experience, preferably in a commer cial bank. Position requires a working knowledge of state and federal laws and regulations as they relate to banking. Responsibilities w ill include originating, negotiating, servicing, supervising and collecting loans. Excellent benefits and salary commensurate w ith experience. All inquiries w ill be kept in strict confidence. Contact Lois Kriebs, Asst. Vice Pres., Person nel, 515/245-6142, for an interview, or send resume to the Personnel Department. VALLEY NATIONAL BANK 6th & Walnut Sts. P.O. Box 906 Des Moines, Iowa 50304 An Equal Opportunity Employer https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis CHICAGO: Kathleen T. Hardy has been named a vice president of Drovers Bank. She has held several positions including correspondent bank officer and assistant vice presi dent. Alfred R. M ueggenborg has been named vice president of D rov ers Bank, Main Bank and Bank of Yorktown, all members of the ColeTaylor Financial Group. Mr. Mueg genborg has been with Drovers Bank since 1941. EVANSTON: Lawrence Kahme has been elected chairman o f the board and chief executive officer of The Evanston Bank, according to a re cent announcement by bank offi cials. Mr. Kahme has served as vice chairman o f the board o f First Security Bank o f Chicago since 1977. GALESBU RG: Prom oted at First Galesburg National Bank and Trust Company were: Donald S. Robinson to senior vice president; James C. Dunsworth to assistant vice presi dent and manager o f the instalment loan department; G. Shirleen Hilgenberg to assistant vice president and director o f marketing; and Mark W . Johann and Sandra J. Treash to assistant vice president in the com mercial loan department. LAN SIN G: Cornelius H. Dekker has joined the First National Bank of Lansing as vice president. He will be in charge o f the bank’s instal ment loan division and also will act as the bank’s marketing director. Mr. Dekker started in the banking field in 1962. BANK SALES AND PURCHASES •I have three buyers interested in purchasing controlling stock in community banks. •Also, one community bank owner who wishes to sell to independentminded purchaser(s). * * * When you’re considering the sale or pur chase of bank stock, you want someone who has a thorough knowledge of stock valua tion and how to structure bank stock loans for maximum benefit to both parties. I offer 42 years of experience in all phases of banking, with the past 25 years specifically involved in assisting with bank stock sales and loans; solid experience in analysis of loan and investment portfolios, as well as all factors contributing to the bottom line and purchase price. With my service you get complete confidentiality, plus “ handson” experience with bank stock sales and regulatory compliance that make buying or selling easier for you. Contact: EDDIE A. WOLF Eddie Wolf Bank Sales 7202 Maple Drive, Des Moines, la. 50322 Phone: 515/278-2271 Branch o f First National Bank of Aberdeen, has been appointed vice president - retail banking manager o f First National Bank Downtown Branch in Aberdeen, effective April 4. Mr. Ross joined the M obridge Branch in 1973. SIO U X FALLS: First Bank o f South Dakota recently advanced four officers. Gene Odenbrett was elected vice president in Madison; Lewis Rohrer has been advanced to vice president and trust officer in Rapid City, and in the Sioux Falls trust department Dennis Holzwarth has been advanced to assistant vice president and investm ent officer Officer Placements for Community Banks SOUTH HOLLAND: Thornridge State Bank has announced the ap pointment o f Robert J. N ecastro as executive vice president, in charge of the day-to-day operations of the bank, working as second-in-com mand under Robert Loffredi, presi dent. If you are seeking a quali fied officer for your bank .. . or an advancement for yourself, respond in con fidence to: South Dakota News 1032 Carriers Bldg. Des Moines, Iowa 50309 515/282-6462 ABERD EEN : Jerry Ross, assistant branch manager at the M obridge Freeland Financial Service, Inc. Employer Pays Fee _ ^ * 9 £ CALL ON THE “PERFORM ANCE TEAM ” where com m on transactions are handled uncomm only well. FIRST NATIONAL LINCOLN 13th & M Street • Lincoln, Nebraska 68501 « Member, F.D.I.C. and Daniel P. Murphy was named trust development officer. North Dakota News North Dakota members o f the Na tional Association o f Bank Women will meet April 27-29 at the Holiday Inn, Fargo, for their annual state conference. Theme for the meeting will be “ Strategies for Success.” Chairman o f the conference is Pam Hodensfield, trust officer at First Northwestern Trust Company o f North Dakota, Fargo. Guest speaker for the Thursday evening banquet, A pril 28, will be Dr. Joyce Brothers, noted psychol ogist and TV personality. Tickets for that event will be sold separately and will be open to everyone. Registration begins at 7:00 p.m., April 27. A general session and workshop will be offered Thursday morning. Speakers include Barbara J. Cox, vice president, Federal Reserve Bank o f Minneapolis; Nancy L. Nemitz, assistant vice president, First Bank System, Inc., Minneap olis, and K ay Landen, vice pres ident, Central Bank o f Denver. In the afternoon, six concurrent sessions will be presented, featur ing: Cross Selling and Sales; Vari able Rate Lending; Farm Econom y; W ithholding Regulation; ATM s, Computers and Bank Cards; Trust Services. On Friday morning the general session will be followed by a work shop featuring Janie Jasin, a m oti vational speaker who owns and oper ates Creativity No-Lim its in Min netonka, Minn. Adjournm ent is at noon. Further inform ation may be ob tained from R obert Schuelke, branch manager at Fargo National Bank, 701/293-2286. B ISM A R C K : P rofessional Bank Services, Inc., a bank consulting firm headquartered in Louisville, K y., will be opening up a regional of fice in Bismarck. This office will serve the upper midwest and will be under the direction o f Nancy E. Coon, who since 1980 has been asso ciated with the Independent Com munity Banks o f N orth Dakota, m ost recently as acting director. CANDO: Nancy S. Baerwald has been prom oted to loan officer o f Towner County State Bank. Ms. Baerwald joined the bank in 1976 as a bookkeeper and secretary. Her re sponsibilities now include consumer, SBA and real estate lending. RAY : Ray Bancorporation, Inc., recently received approval from the Federal Reserve Bank o f Minneap olis to becom e a bank holding com pany through the acquisition o f the Citizens State Bank o f Ray. Montana News BILLIN G S: Security Banks o f Mon tana Chairman Tom Scott recently announced that Richard A . K joss has been named president o f the Billings based bank holding com pany, in addition to his duties as president and chief executive officer of Security Bank, N .A. A lso, W il liam G. W ilson was named senior vice president, finance, o f Security Banks of Montana. He will be re sponsible for all fiscal affairs as well as data processing at the holding com pany level. IOWA NATIONAL BANK CURRENCY WANTED FOR PERSONAL COLLECTION Also paying top prices for other “types” of U.S. currency and finan cial paper. DON MARK B o x 1 , Adel, IA 50003 • 515/270-8170 Colorado News The Independent Bankers o f Col orado has scheduled the First An nual Mid-Year Membership M eeting to be held A pril 22 at Stapleton Plaza Hotel, Denver. The m orning will begin at 9:00 a.m. and feature a Legislative Up date and “ Taking the M ystery Out of M icros . . . ” A noon lunch will be followed by “ Paym ents-In-Kind” and “ Bank M arketing for the ’80s.” The evening will feature dinner and dancing. In addition a spouses program has been provided beginning at 10:00 a.m. BOULDER: William L. Vorlage, Jr., has been prom oted to vice president, consumer lending at First National Bank. Mr. Vorlage has been with First National since 1973. DENVER: Denver National Bank has announced the prom otions of Richard W . Green, Greg L. McNichol, John D. Holzman, Dean M. How ell and James R. Erskine to vice president status. Mr. M cN ichol was also named trust investm ent officer. Mr. Erskine was also elected man ager o f Denver N ational’s Glenarm Office. YAKE, MESSINA AND LASSITER Getting it done for you. ^ E rnie Yake Jo h n M essina Jan Lassiter 234-2483 234-2486 234-2481 Commerce Bank of Kansas City ’ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis MEMBER FDIC T elephone (816) 234-2000 " WANT ADS Rates a re $5.00 per lin e per insertion. Add $3.00 to rtile letters per inse rtio n . Id e n tity o f file lette r advertisers cannot be revealed. NORTHWESTERN BANKER, 30615th Street, Des Moines, Iowa 50309. Phone 515 / 244-8163. BANK PLACEMENT SPECIALISTS (Our 34th year) Call experienced professionals to locate the right candidate for your vacancy ... or the right “ move-up” for yourself. CORPORATE RECRUITERS MIDWEST BANKING DIVISION 202 S. 71st Street 402/393-5515 Omaha, Nebraska 68132 SR COMMERCIAL BANKING OFFICER Omaha National Bank is seeking a senior level Commercial Banking Officer. Successful candi date w ill possess a degree in business, finance or related area and w ill have either 5 years commer cial lending experience or 8 years bank operations experience w ith at least 3 years in a commercial lending capacity. Position requires knowledge of secured and unsecured loans, bank products and services, sta tistical and financial math, account ing principles, financial statements, collateral analysis, and industries and companies repre sented in customer base. Must have proven mar keting ability and effective customer contact skills. If qualified, subm it resume and salary history to: Personnel Department Omaha National Bank 17th and Famam Streets Omaha, Nebraska 68102 402/348-7911 Equal Opportunity Employer POSITIONS AVAILABLE All positions are in Missouri, Iowa, Kansas, Arkansas or Oklahoma Safekeeping, Trading, Cashiering, metro bank to $30,000 <£• Employee Benefit 1 Consultants AL ARENDS Serving Banks and Their Customers In Iowa and Minnesota SERVICE C O M P A N Y P.O. Box 171 • Albert Lea, MN 56007 507/373-8216 Would you trust your money with a sloppily dressed teller? Perhaps your customers feel the same way. We can change that for only $1.00 per teller per day. Commercial Loan Officer, $300mm bank $30,000 + SVP, Commercial Lending, small town $30,000 + Installment Loans, smal I town to $25,000 #2 Man, surburban bank to $35,000 Operations Officer, small town to $30,000 President, $50mm bank, sm all town Commercial Lender, medium sized town Open $40,000 President, $10mm bank, small town $35,000 Auditor, 1 year experience, suburban town $18,000 Positions available change as more openings become avail able or as positions are filled. If you are interested in making an advancement or change in your present situation, as a candidate registered w ith me, you w ill be informed as posi tions come available that would appeal to you based on what YOU want in a bank, in salary, in location, and in size of town or city. I do not reveal your name to a client bank un til you are interested in interviewing. Eighteen years of banking service as President o f both rural and m etropolitan banks enables me to find the right bank ing environment for you. Phone or send resume to: Don W. Schooler, 901 A. West Jackson, Ozark, Missouri 65721. Phone (417) 485-6020. _ "'c ro O L E R In ■ ' ASSOCIATES "Successful Banking is Quality Personnel" MeAMoek^ CAREER APPAREL | ^ 2 ^ J ^ ^ a ii^ t^ a rro lL ^ a ^ 5 1 4 0 ^ 7 ^ ^ 9 ^ 7 4 ^ J SERVING PROFESSIONALLY Banking, Financial & Business Personnel Iowa and Nationwide CAPITAL PERSONNEL SERVICE (PA) 714 U.C.B. Building, 515-283-2545 Des Moines, Iowa 50309 POSITION WANTED VP-CASHIER w ith comm., ag and instai, lending experi ence and operation experience. 20 years experience seeks #2 position. Write file TBQ, c/o Northwestern Banker. (PW) SKI THE SUMMIT! Call me Toll Free to discuss our 1983 Building Plans. POSITION AVAILABLE DWAYNE SMITH Phone 1-800/922-2590 Paradise Properties, Box S Dillon, CO 80435 A ffiliated Midwest Bancs, Inc., a progressive group of six banks, is looking for an AGRICULTURAL LOAN OFFICER for its bank in Boone, Iowa. Prefer 3-5 years agricultural bank loan experience. Salary commensurate w ith ex perience. Send resumes c/o Robert Scott, president, Boone State Bank & Trust Co., P.O. Box 428, Boone, Iowa 50036. (PA) INSTALLMENT LENDING POSITION in $40 million westcentral Iowa bank. Previous installm ent lending ex perience required. Salary open. Send resume to Roger Fleury, Financial Service Company, P.O. Box 3128, Omaha, NE 68103. (PA) A $20 million country bank located in northcentral Illinois has an opening for an AGRICULTURAL LOAN OFFICER. Requirements: Five years experience, farm background, preferably a college degree in AGR. Salary open. Profit Sharing and Pension Plan. Send resume to file TBO, c/o Northwestern Banker. (PA) Position open for a JUNIOR COMMERCIAL LOAN OFFICER w ith three to five years of commercial loan ex perience. Bank located 35 miles from Minneapolis area. Salary commensurate w ith experience. Excellent oppor tunity for advancement. Send resume to file TBF, c/o Northwestern Banker. (PA) COMMERCIAL LENDER needed for aggressive $50 m illion bank in eastern South Dakota. Experience required. Salary open. W rite file TBN, c/o Northwestern Banker. (PA) A ffiliated Midwest Bancs Inc., a progressive group of six banks is looking for a COMMERCIAL LOAN OFFICER for a $33 million bank in S.E. Nebraska; and an AGRICULTURAL LOAN OFFICER for a $60 m illion bank in central Iowa. Prefer 3-5 years experience for both positions. Salaries commensurate w ith experience. Send resumes to Jack Ayres, P.O. Box 486, Bellevue, NE 68005. (PA) $32 million community bank in central Illinois has opening for LOAN OFFICER w ith consumer and agricultural lend ing experience - operations background and/or computer experience a plus. Must be aggressive, self-starter and able to accept responsibility. Send resume and salary history in strict confidence to file TBR, c/o Northwestern Banker. (PA) MARKET RESEARCH COMMUNITY ATTITUDE SURVEYS ...Since 1937 Central Surveys, Inc. P.O. Box 100 Shenandoah, Iowa 51601 ___________ (712) 246-1630 Two Concord Point of Sale Terminals and Deposit Vaults. Contact Dave Laferla, First National Bank & Trust Company in Aurora, Aurora, Nebraska 68818. Phone: 402/694-3136. _______________________________ (FS) BURROUGHS S 100 SINGLE POCKET PROOF MACHINE. In excellent working condition. $100. Call John Outhier, Okey-Vernon First National Bank, Corning, la. Phone: (515) 322-3101. (FS) JUNIOR OPERATIONS—college degree and 1-2 yrs. bank operations experience required. $1 7,000 IBM 1255-6 POCKET READER SORTER. 4 months old. Phone Dick Martin: 605/996-7755. (FS) SECOND OFFICER—small rural bank in western Iowa. Pre fer ag lending background and insurance licenses. $22,000 Ag Banking People Specialists Employers have been paying us to help them hire better, faster, easier since 1968. Call without cost or obligation for more information. Confidential. Jeannie: 515/263-9598 (If no answer 712/779-3567) Massena, Iowa 50853. Linda: 515/394-5827 New Hampton, Iowa 50659. I NATIONWIDE BOn CARERS, INC. " THE ORIGINAL AGRICULTURAL RECRUITER POSITIONS AVAILABLE PRESIDENT—for $40MM com m unity bank in north central state. Requires solid commercial lending background and business development skills. $50,000 SENIOR COMMERCIAL LENDER—growing $75MM bank affiliated w ith holding company. Manage portfolio. Re quires some knowledge o f agribusiness financing. $40,000 PRESIDENT— rural $20MM bank w ith m ajority o f p ortfolio in ag credits. Adm inistrative experience required. $35,000 MARKETING OFFICER— progressive $65MM com m unity bank. Manage retail banking and develop new products. Must like rural environment. $35,000 Additional opportunities available. Resume' requested. TOM HAGAN & ASSOCIATES of Kansas City 2024 S w ift - Box 12346 North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry Since 1970” Vol. 11 No. 51 Northwestern Banker Newsletter (USPS 873-300) is published weekly by the Northwestern Banker Company 306 Fifteenth 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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