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Vol. 16 No. 52 Des Moines, Iowa April 11,1988 Slow Export Growth Hurts Midwest T HE competitive position of U.S. agriculture is threatened by sluggish export growth, according to new research published in the Federal Reserve Bank of Kansas Ci ty ’s Economic Review. “U.S. agriculture needs strong trade growth to flex its greatest competitive muscle,” write Alan Barkema, economist, and Mark Drabenstott, assistant vice president and economist. “The United States has a great reservoir of resources that the market brings into play on ly at higher levels of world trade.” A highly developed infrastructure provides U.S. agriculture with its favorable competitive position, the authors say. “Much of the United States’ competitiveness in world agriculture stems from its un matched array of research and trans portation.” “Maintaining production efficien cies depends on a steady stream of innovative production technologies from the industry’s research and development infrastructure. Simi larly, moving large commodity vol umes from farm gate to export ter minal depends on an efficient mar keting and transportation infra structure,” the authors write. Yet, U.S. agriculture’s infrastruc ture aids competitiveness only when export volumes are large. Unfortu nately, U.S. agricultural exports have fallen to a level that does not utilize the infrastructure advantage. As a result, the infrastructure dete riorates and the U.S. competitive position weakens. Production and export volumes of principal exporting countries, 1986 Thousand metric tons Corn Production Net Export Argentina* Thailand* United States 9,500 4,100 209,632 5,500 2,800 38,025 9,000 16,700 31,850 66,923 56,793 4,490 15,000 20,000 12,600 27,650 7,500 17,000 54,622 2,500 2,800 19,051 Wheat Argentina* Australia Canada EC-12 United States Soybeans Argentina* Brazil United States * Low-cost producer “The infrastructure is in some jeo pardy . . . with only half of the trans portation network fully used. More over, the United States is making comparatively smaller investments in research than some competitors. Thus, longer-run questions remain about the ability of U.S. agriculture to stay ahead of the rest of the world,” the authors write. To flex its competitive muscle, the United States needs to team ex panded exports with a more marketoriented farm policy. “A more mar ket-oriented farm policy, coupled with more rapid trade growth, give U.S. agriculture its greatest compet itive advantage,” the authors say. “Resources are used at high levels, while some marginal acres go idle as support prices decline. Costs of public programs are low, and the relative cost of U.S. farm production is low.” U.S. farm exports could increase, the authors say, if the United States reduced its budget deficits and other industrial western countries stimu lated domestic growth. “With the U.S. and other industrialized coun tries in balance, more capital would be available for funding economic growth in the developing countries,” the authors write. The alternative, however, is not so bright. “ If growth in world de mand is sluggish, the United States—and especially the Great Plains—faces a difficult choice: let the market remove farm resources or keep resources in production at high public costs. The choices fav ored by the nation and the Great Plains may not be the same. ’’ □ N o w th e la rg e s t re g io n a l p ro c e s s o r in th e M id w e s t s h o w s y o u e x a c tly w h a t w e p ro v id e . If yo iT re not gettin g this, y o u ’re not g ettin g w h at you d e serv e. Full on-line capabilities for all applications with CIF, G/L and platform automation interface. H Guaranteed same day disaster recovery service for your protection, compliance, and peace of mind. H Cost effective pricing to meet your needs. Free initial and on-going training on all applications, (to name just a few). https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis For more information on how we can help you succeed in meeting your goals, eliminating the concerns inherent in data processing and all at a very cost effective price contact: Dick Ormond Sr. Vice President, Customer Group 1-800-332-5242 (In Iowa) 1-800-421-0059 (Out of Iowa) t iTH E ¡ B it s I RAN KIN G IS YST SYSTEM 4333 E d g e w o o d Ret. n .e . PO. BOX 1847 Cedar Rapids. Iow a 52406 319/395-6600 A Banks o f lowa subsidiary vice president, and John Schuller, assistant vice president. Mr. Talen also is president and CEO of Farmers Savings Bank in Traer. , M kH Norwest Bank Des Moines N.A. mmmmu mmmmm Call (515) 245-3131 or toll-free (800) 362-2514 NORMEST BANKS Member FDIC Minnesota News Teamwork: one of the reasons we’re first in Iowa. Dorothea Wolfe Mark Conway Another ABA Candidate ecutive vice president, Maquoketa L. Leon Patterson, chairman and State Bank in Maquoketa, la. CEO of Palmetto Bank in Laurens, S.C., has announced his candidacy Iowa News for election to the office of president The Central Iowa Chapter of the elect of the American Bankers As Bank Administration Institute will sociation at the convention in Hono meet at 6:00 p.m. on April 21 a t the lulu next October. His ABA service Hyperion Field Club in Johnston. includes his term as ABA state vice president, and delegate to the Bank Speaker will be Becky Kelly, senior examiner of the Federal Reserve Leadership Conference. It was announced earlier (March Bank of Chicago. Topics to be dis 21 Newsletter) that two midwestem cussed include the Expedited Funds bankers have had their names an Availability Act, adjustable rate nounced as candidates for the ABA mortgages and common compliance post. They are C.G. (Kelly) Holthus, violations. Cost is $14 for members president, First National Bank in and $16 for non-members. Register York, Neb., and Alan R. Tubbs, by April 18 by contacting Joyce president and CEO, First Central Buck a t Central State Bank in State State Bank in DeWitt, la., and ex Center. DUBUQUE: A t First National Bank of Dubuque, John R. Darrah has been elected vice presidentpersonal investments. Prior to join ing the bank, Mr. Darrah was a tru st investment officer at the First Na tional Bank of Springfield, 111. VINTON: William C. Talen received regulatory approval March 31 to purchase the Brenton Bank & Trust Company here. The bank, which had 1987 year-end assets of $25,318,000, has been named Farmers Savings Bank & Trust—Vinton. Mr. Talen is chairman and president. Harold Dick Retz Knaack has been advanced to ex MNB Correspondent Banker ecutive vice president and continues as cashier and a director. Newly ap pointed officers are Duane Pearson, Together We Can Accomplish Great Things Call 319-398-4806 or toll free 1-800-332-5991 GIBBON: The FDIC has approved" the assumption of the deposit and other liabilities of Citizens State Bank, Gibbon, by Minnesota Valley Bank, Redwood Falls. The failed bank’s sole office was reopened on March 21 as a branch of the assum ing bank. Citizens State had assets of $15 million when it was closed on March 18. Minnesota Valley Bank will assume about $14.9 million in deposits and has agreed to pay the FDIC a purchase premium of $175, 665. It also will purchase certain of the failed bank’s loans and other assets for $7.9 million. The FDIC will advance about $6.9 million to the assuming bank and will retain assets of the failed bank with a book value of about $7.1 million. Presi dent and CEO of the assuming bank is Douglas F. Bultman. Citizens State Bank had common ownership with State Bank of Morgan, which was also closed on March 18. MINNEAPOLIS: First Bank Sys tem, Inc. has completed its prea viously announced agreement w ith. The Marine Corporation of Milwau kee, Wis., to acquire Marine’s three hanking offices in Minnesota. The main office, located in Bloomington, will be known as First Bank Bloom ington. The branches will be known as First Bank Bloomington, Apple Valley Office and West Blooming ton Office. David Gilman will con tinue as president. The closing of the acquisition on April 1 was followed immediately by Banc One Corpora tion’s acquisition of The Marine Cor poration. That merger agreeement was made last year. Following dis cussions w ith Federal Reserve Board staff regarding federal and state banking laws, Marine an nounced in November it would t's easier to talk Iowa banking with people w ho live it — people like Ben Eilders and the correspon dent staff at Bankers Trust. I Call 1-800-362-1688 or 515/245-2424. Strength Eastern |owa Merchants National Bank isi Cedar Rapids. Iowa 52401 Member F 0 1C A BANKS OF IOWA BANK https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Ben Eilders Des Moines, IA Member FDIC Senior Vice President quality service by experienced professionals Jean Eden 515-276-1151 mMmSL Sandi Garner 515-832-1258 T/W/F 276-1253 M/TH BANKERS AVAILABLE---------------------------------------------------A G LOAN OFFICER 1. "Will hit the ground running as ag le n d e r... can talk to anyone at their level — attorneys, farmers, etc. ... aggressive, self-moti vated and an achiever; one of the best!" were comments from two references regarding this young man. Has advanced steadily with FDIC over the past two years; now ready to begin banking career. Makes an excellent impression in person — a real go getter. Farm background, MBA Finance. $24-$28,000. LOAN OFFICER/BRANCH MANAGER 2. His background proves his ability and determination: worked full time while putting himself AND wife through college, and handled his share of responsibilities in raising three kids! Worked as ag lender in bank for two years, and is now branch m anager of $15mm office, in charge of all loans (ag, commercial, install ment, mortgage) plus oversees operations. References rave: "I've seen 7 br. mgrs. com e and go over the past 15 years but none have impressed me like him. Really took on a big job and has done it extremely well; the regional supervisors have been amazed at his accomplishments. A hard-working, results-oriented young man, mature beyond his years." Wants to move back to midwest as soon as possible. (Had 10 interviews and 7 offers before accepting his current position.) B.S. Ag Business from IA State. $28,000. A G LENDER/FARM MANAGER 3. "An ACE HIGH ag man," states former supervisor of this fouryear Farm Credit employee. "A diligent worker, very intelligent, particular about his work and com pletely dependable. Most important to his success is his ability to establish rapport with people; his friendliness and sense of humor puts people at ease." Spent 1 year as trainee in ag bank before joining FCS, and 3 years as salesman during college. B.S. Bus. Admin. Real Estate Broker & Senior Appraiser designation. $27-$30,000. A.V.P./AG 4. Has gained seven years banking experience at a very young age. Started as bookkeeper and teller and spent the past four years in all facets of ag lending. Former employer relates; "Doesn't miss a thing in analyzing and documenting loans. Our holding com pany really valued his opinion and skills. He's a topnotch, experienced banker with much to offer; your clients will be impressed if they give him the opportunity to interview, and whoever hires him will be pleased." Avery charismatic individual. Graduate Ames Ag Credit School, $25,000. and apply what he's learned. His attitude and personality make him enjoyable to have around." BA. business econ. (3.0 GPA). $16-$18,000. LOAN OFFICER 6. ISU graduate with five years of experience in banking. At tended numerous banking schools. Does a tremendous job on the com puter according to references. "Never sits still, is always doing something ... has respect for his superiors... a good com pany man," expounded a former supervisor. Astute in all areas of lending. $28,000. LOAN OFFICER 7. "Number one man in our com puter area ... excellent in documentation, credit analysis and decision making," according to immediate supervisor. Overthree years of banking experience. Good in business d e v e lo p m e n t... relates very well to customers and peers. Business Administration major, $22,000. A G LOAN TRAINEE 8. Outstanding individual for entry level position. ISU graduate with FmHa part time experience. Sharp, knows ag, and is moti vated. Cashflows, financing statements, etc. are all part of this party's expertise. $19,000. LOAN OFFICER 9. Farm Credit background ... two years experience. BA degree in ag business. Has gained a large amount of credit knowledge in the field in a very short time because of the portfolio he is responsible for. Reference indicated, "He's as thorough a loan officer as you will find ... an 'i-dotter and t-crosser,' Really analyzes to the fullest extent and makes a decision based on numbers." Has seen past mistakes m ade by previous lenders and draws from that experience to prevent the same mistakes from hap pening again. $ 22.000. ASSISTANT VICE PRESIDENT 10. Six years of lending experience with a major holding co m pany. "Professional, sincere and people believe in him," related one reference, Handles $5mm loan portfolio presently. An honor student in high school and college. ISU graduate. $34,000. LOAN OFFICER A G TRAINEE 5. Recently com pleted extensive 4 mo. internship in $50mm bank. The head of the ag dept, states, "By far the best of the numerous students in the program. Has com m on sense to retain 11. Available immediately. One year ag lending experience. "Hardworking, intelligent and easy to work with. Readily follows directions," said party who hired candidate. ISU graduate who knows agriculture. $ 20,000. 5 2 5 M e r le H a y T o w e r • D es M o in e s , Io w a 5 0 3 1 0 • (5 1 5 ) 2 7 6 - 1 1 5 1 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis C o n fid e n tia l. Fees Paid b y Em ployer https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis OVER 60% $ OFALL BANKS IN OUR MARKETAREA ARE NO W INSURED BY THE KANSAS BANKERS SURETY COMPANY T h a t’s R ig h t. . . In th e n in e s ta te s w e s e rv e w e h a v e s o lv e d th e b o n d in g n e e d s fo r 6 o f e v e ry 10 b a n ks . That's over 16 .4 % of all banks in the United States THE R EASONS. . . SUPERIOR SERVICE M OST COMPETITIVE PR EM IUM S REALISTIC U N D ER W R ITIN G PR O M PT C LA IM S SERVICE IF Y O U ’RE N O T GETTING THE SAME FR O M YOUR B O N D IN G C O M P A N Y ... GIVE US A CALL - Y O U ’LL BE GLAD YO U D ID . THE KANSAS BANKERS SURETY COMPANY DAVID E. ABENDROTH Senior Vice President DONALD M. TOWLE President 611 Kansas Avenue P.O. Box 1654 Topeka, Kansas 66601 P ho ne 1 -9 1 3 -2 3 4 -2 6 3 1 FINANCIAL INSTITUTION BONDS, SAFE DEPOSITORY LIABILITY, CHECKS KITING FRAUD INDEMNIFICATION, DIRECTORS AND OFFICERS LEGAL DEFENSE AND LIMITED INDEMNITY POLICIES https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis OVER 60% OFA U BANKS IN OUR MARKETAREA ARE NO W INSURED BY THE KANSAS BANKERS SURETY COMPANY T h a t’s R ig h t. . . In th e n in e s ta te s w e s e rv e w e h a v e s o lv e d th e b o n d in g n e e d s fo r 6 o f e v e ry 10 b an ks. That's over 16 .4 % of all banks in fhe United States THE R EASONS. . . SUPERIOR SERVICE M O ST COMPETITIVE PR EM IUM S REALISTIC U N D ER W R ITIN G P R O M PT C LA IM S SERVICE IF Y O U ’RE N O T GETTING THE SAME FR O M YOUR B O N D IN G C O M P A N Y ... GIVE US A CALL - Y O U ’LL BE GLAD YO U D ID . THE KANSAS BANKERS SURETY COMPANY DAVID E. ABENDROTH Senior Vice President DONALD M. TOWLE President 611 Kansas Avenue P.O. Box 1654 Topeka, Kansas 66601 P h o n e 1 -9 1 3 -2 3 4 -2 6 3 1 FINANCIAL INSTITUTION BONDS, SAFE DEPOSITORY LIABILITY, CHECKS KITING FRAUD INDEMNIFICATION, DIRECTORS AND OFFICERS LEGAL DEFENSE AND LIMITED INDEMNITY POLICIES https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis S e rv in g th e H e a r tla n d o f A m e r ic a s in c e 1 9 0 9 4 Send Your News Today to the N O R T H W E ST E R N B A N K E R TELL US ABOUT. . . a 1535 Linden Street, Suite 201 DES MOINES, IOWA 50309 Staff Changes Business Campaigns Mergers, Consolidations New Departments at the Bank Remodeling or New Building BANK .... OFFICER CITY https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis TITLE STATE Open Houses Anniversary Parties Deaths or Retirements Speeches Made by Bank O fficers Special Announcements to the Public 4 * A Meeting Of The Minds. COL. GORDON E. TAYLOR Box 949 - Mason City, la. 50401 515/423-5242 At Security National Bank, our m inds are on meeting all your Correspondent Banking and Investment needs. We’re Security for you! Professional Auctioneer Real Estate Broker and Appraiser Ron Kiel Linda Gocken Correspondent Banking Officer Investment Representative 712-277-6736 SECURITY N A TIO N A L BAN K IN SIOUX CITY, IOWA. divest its Minnesota offices. Current banking laws do not permit owner ship of Minnesota banks by Ohio bank holding companies. FBS’s pur chase price for the Marine offices was approximately $40.5 million. MINNEAPOLIS: Patrick J. Gates has been elected president and market manager of First Bank Min nesota, with offices in Babbitt, Hib- Come to the Investment Specialists committed to quality. In these times of change and uncertainty, rely on the time-tested quality invest ment recommendations of the Investment Banking Division of United Missouri Bank. 712-277-6745 MEMBER F.D.I.C. bing and Virginia. He succeeds James D. Chapman, who has retired. Mr. Gates Joined FBS in 1973 and was serving as senior vice president and client group/product group manager. Mr. Chapman was with FBS for 29 years and was president of First Bank Minnesota since 1984. MORGAN: The FDIC has approved the assumption of the deposit and other liabilities of State Bank of Morgan by Farmers and Merchants State Bank, Springfield. State Bank of Morgan was closed on March 18 and had total assets at th at time of $20 million. It reopened March 21 as a branch of Farmers and Merchants. That bank will assume about $19.4 million in deposits and has agreed to pay the FDIC a purchase premium of $458,000. It also will purchase certain of the failed bank’s loans and other assets of about $12.4 million. The FDIC will advance about .$6.9 million to the assuming bank and will retain assets of the failed bank with a book value of about $7.6 million. President and CEO of the assuming bank is G.M. Pieschel. The State Bank of Morgan had com mon ownership with Citizens State Bank, Gibbon, which was also closed on March 18. MORA: At Peoples National Bank of Mora, William F. King has been promoted to senior vice president. He joined the bank in 1986 as vice president in the lending area and has over 20 years of banking experience. NORWOOD: Timothy A. Nelson has joined the Citizens State Bank of Norwood as vice president. He was previously employed by the Princeton State Bank of Princeton as vice president of commercial loans, which position he held since 1980. He has also served a t Chisago County State Bank, Center City; First Mid American State Bank, Coon Rapids, and the Community State Bank of Princeton. He will also become a director of Citizens State. Nebraska News The Nebraska legislature passed ^ LB 375, the regional, reciprocal in- w terstate banking bill, on April 6 by 26-21 vote and sent it to G ovem ofl^ Kay Orr for her signature. It will become effective January 1, 1990, £ for .the contiguous states of Iowa, Missouri, Kansas, Colorado, Wyom ing and South Dakota, plus Min nesota, Montana and Wisconsin. A national trigger will open Nebraska f to nationwide interstate banking January 1, 1991. The unicameral’s 1988 session was to be concluded last Friday, April 8. On Thursday morning, re- ^ maining bills included one for the pooling of funds in the Nebraska In vestment Finance Authority (op posed by N eb rask a B an k ers Association), which was on final % DOES YOUR BANK NEED AN INVESTMENT CENTER? • New high net worth customers • Added profit • Reduced deposit loss to competitors • Ability to offer complete financial services Y o u r b e n e fits : For information contact: UNITED MISSOURI BANK M em berFD.c 0f Kansas City, ii.a. 10th & Grand • P.O. Box 419226 Kansas City, Missouri 64141-6226 (816) 556-7200 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis INVESTMENT 1 -8 0 0 -5 4 4 -7 1 1 3 First Dakota Building P .O . Box 2 7 9 6 Bismarck, ND 5 8 5 0 2 or P .O . Box 6 5 6 9 7 West Des Moines, IA 5 0 2 6 5 FirsTier Correspondent Services ß 5 More of what it takes to serve you well. F irs T ie r B an ks Lincoln • Omaha FirsTier Bank, N.A., Lincoln and FirsTier Bank, N.A., Omaha, Members FDIC reading. Also on final reading was a branch banking bill which would authorize statewide branching. The de novo authority was removed, as well as the current distance restric tion of 300 feet. It also reduced the time required to hold a bank before converting it to a branch from three years to 18 months. PALISADE: The Frenchman Valley Bank was closed March 10 by Neb raska department of banking Direc tor Cynthia Milligan when it was determined that large overdrafts would make the bank insolvent. Since there were no buyers, that bank was liquidated. I t showed $26,630,000 deposits a t 1987 yearend. Illinois News CHICAGO: Continental Illinois Corporation and GreatBanc, Inc. an nounced on April 1 that they have Iagreed to a sale of Continental’s Olympia Fields subsidiary, Conti nental Illinois Bank—South Subur ban, through a merger of that subsi diary into GreatBanc’s First Na tional Bank located in Chicago Heights. Terms of the agreement were not disclosed. The resulting bank will have combined assets of approximately $170 million. Com pletion is expected to occur during the summer. CHICAGO: Kent Hammerstrom has joined The Exchange Bank of Chicago as vice president in one of the metropolitan divisions of the commercial banking group. He pre viously was a vice president in the commercial banking group with Wells Fargo Bank, N.A. in Califor nia. WESTMONT: Thomas H. McGuire czHoCdex a n d czdhiocL atzi has joined the Bank of Westmont as Specializing in the senior vice president. He previously Purchasing and Sale of Banks served as a vice president for Amal 515-232-0814 gamated Trust and Savings Bank, 405 Main Ames, Iowa 50010 Chicago, in the commercial loan de Donald E. Holder, Principal partment. Prior to that he was assis tant vice president at the First Na tional Bank of Chicago. in Grand Island, Neb. as regional vice president. Mr. Johnston has been employed as bank trust officer of Community First National since South Dakota News BERESFORD: Frank Farrar, owner 1981 and has 12 years of financial of First National Bank of Beresford, services experience. announced last week his intention to convert the bank to a thrift institu Wisconsin News tion using the name First Savings Bank. Mr. Farrar owns 12 other EAU CLAIRE: Charles W. Forster banks in Illinois, Indiana, Kansas, and Richard J. Peterson have been Minnesota, Montana, North Dako elected first vice presidents at First ta, South Dakota and Wyoming. He Wisconsin National Bank. Mr. For said the Beresford bank is being con ster will manage the expanded busi verted to a thrift because there are ness banking division. He joined fewer regulatory restrictions to cope First Wisconsin in 1973 and was with, but has no plans to convert named to his previous position as any of the other banks to thrift vice president in 1985. Mr. Peterson charters at this time. He said the dif will head* the newly expanded retail ference between FDIC premium of banking division. He joined First $70,000 and the FSLIC premium of Wisconsin in 1971 and was named $150,000 should be offset by other vice president in commercial loans in 1985. positive factors in the conversion. MILW AUKEE: J.A . Puelicher, chairman of Marshall & Ilsley Cor poration, announced on March 29 North Dakota News that agreements have been signed DICKINSON: A t First National wherby Greater Milwaukee Bank, Bank and Trust Company of Dickin Hartland National Bank and Village son, Calvin McGinnis has joined the Bank of Elm Grove will become a bank as vice president—second offi part of M&I. Greater Milwaukee cer. Daniel T. Johnston has been Bank has assets of $68 million and is promoted to vice president—trust located in Brookfield. Hartland Na officer. Mr. McGinnis previously tional is located in Hartland with a was employed as vice president and branch in Stone Bank, and has account executive with First Bank assets of $29 million. Village Bank in Rapid City. Prior to that he was of Elm Grove has assets of $19 associated with Farm Credit System million. f, First Interstate Bank We’re setting the pace, 1 800 362-1615 - J e ff S im s Correspondent Services https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - S tu a rt Becker Correspondent Services 6 P O S IT IO N S A V A IL A B L E POSITIONS AVAILABLE AG LOAN OFFICER for $15 M M southeastern Iowa bank. COM MERCIAL LENDER— Banking professional with formal credit training and experience in a large com mercial departm ent................................................................... To $50,000. 2-3 yrs. experience In ag lending (Fm HA guarantees helpful, com m ercial and real estate). Profitable bank, clean loan portfolio. Send resume to Iowa Bank & Trust, P.O. Box 36, Bloomfield, IA 52537. (PA) REGIONAL TRUST O FFIC E R — Multi-bank holding com pany needs seasoned trust officer to handle all trust w o rk ^ ^ . for several area banks. Need good m arketing skills a n < ^ ^ ^ managem ent ability................................................... To $ 4 0 ,0 0 ( j^ ^ H LENDING OFFICER— Bank in eastern Neb. located in co. seat town seeking individual with exp. in installm ent and real estate lending. Salary com m ensurate with level of exp. Please submit resume, credentials and salary history to F ile No. W N B c/o Northwestern Banker. (PA) LOAN O RIG INA TO R— Newly created position for e x ^ ^ k perienced com mercial lender wanting the challenge and opportunity to use marketing skills for career advance m ent....................................................... $35,000 + commission. A Financial Careers, Inc. Two Ruan Center/Sulte 1000, Des Moines, IA 50309 515/245-3786 Employer pays fee. POSITION WANTED £ Please contact Lorraine Lear or M alcolm Freeland con cerning these and other Midwest banking opportunities. Highly motivated SR. OPERATIONS OFFICER with 20 yrs. experience seeks equivalent position or EVP in a com munity bank. Proven track record. Contact File No. W NA c/o Northwestern Banker. (PW) F inancial Institution S ervices C orporation MEMORANDUM—C & D— You don’t need an outside con Specialists in Turn-Key Tax-Advantage Marketing Programs For Financial Institutions sultant. I can help you achieve positive results to put your financial institution back on its feet from within. Save tens of thousands of dollars. I have the experience to help you. W rite me today at File No. W N C c/o Northwestern Banker. (PW) Providing: Customer Retention Increased Fee Income Full Service Banking 815 Office Park Road, Suite 8 West Des Moines, Iowa 50265 (515) 224-5880 FOR SALE RECO NDITIO NED BRANDT Coin Sorters-Counters BRANDT Currency Counters POSITIONS AVAILABLE New Warranty 402-571-5577 SENIOR LENDER— M edium sized W estern M innesota bank seeks Senior Lender to m anage its entire lending function. Must have 1 0 + yrs. com ’l/ag lending exp. and a degree. Great job! Super perks! To$45K . Job#N W 3084 VP—COMMERCIAL LOAN OFFICER— M ajor W isconsin holding co seeks outgoing Comm ercial Lender. Must have 5 + yrs. com mercial lending exp. and strong business development skills. Great W estern W isconsin location. To $40K. Job # N W 3 0 6 ' ^ B FOR SALE 1 Diebold 121-44 drive-up counterette; 2 Diebold VATVII drive-up units; 1 Diebold VP-700 alarm system with outside bell, AH D protection, police alarm & accessories; 1 Diebold CL/35 cam era system with 2-35MM cameras; 10 sections (500) of Diebold 110 series safe deposit boxes with 4 ” bases & stainless steel trim on the ends, bases & across the top; 1 2-part programable message in formation center. Contact Mike Casey, Morningside Bank & Trust, Sioux City, IA (712)276-5331. AG LOAN OFFICER— Central W isconsin bank has an im - ^ ^ ^ m ediate opening for an Ag Lender. Must have 3 + yrs. ag^ ' lending exp. and strong com m unication skills. A terrific career step! To$30K . Job#N W 3085. £ “THE RIGHT FIT” FOR M ORE INFO RM ATIO N CONTACT PAUL GENTZKOW OR SUE KEITHAHN Banking Placement Specialist CANDIDATES AVAILABLE EMPLOYEE BENEFITS ADMINISTRATOR One of the few around! Very knowledgeable in EB area having specialized for the last four years. Developed ex pertise in pensions, em ployee benefits, tax preparation, accounting and investments. Ability to work with cus tomers and provide the highest quality services. $32K. #2 VP Proven professional began career as ND bank examiner. Over 15 years of independent banking, knows how to set up and service a borrower. Degreed, top-notch work out skills, not afraid of a problem situation. Can’t w ait to dive into a good situation and can make it better. $46K. For Your Staff: □ Top Professional Bankers who are confidentially screened to find “The Right Fit” □ We recruit nationally through our over 200 independent affiliates as well as locally for our clients □ Contingency or Retainer Fee arrange ments □ Contact Sue Lundquist or Mel Hansen, CPC Banking Specialists BRANCH MANAGER Im aginative m anager with ability to solve any problem. In surance licenses and cross-selling skills. Currently direc ting a four branch system consisting primarily of retail banks. Consistent performer trained in holding company and proven in independent environment. $30K. FDR FURTHER INFORMATION CONTACT KURT ROSENCRANTS ROBERT UfflLF OF IOWA. M C. 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 ALL FEES COMPANY PAID .. ¿ ¡¡§ ^g ELLS Ells Personnel Systems 1129 Plymouth Building Minneapolis, M N 55402 612-333-1131 CELEBRATING OUR 7 5 th ANNIVERSARY BY SERVING OUR BANKING CLIENTS WELL! 3636 IDS Center Minneapolis, MN 55402 W (612) 339-9001 ALL FEES COMPANY PAID POSITIONS AVAILABLE TRUST MARKETING - large urban bank. Requires degree and trust experience. $35K REAL ESTATE LOAN • single fam ily residential and secon dary market experience required. Proximity of major metro area. $40K LOAN REVIEW - large bank experienced required. Both junior and senior level positions available. $28-$40K COM MERCIAL LENDING - V.P. positions in urban and large suburban banks. Personal portfolios from $20MM to $50MM. $40 K BRANCH M ANAGER • handle small business and con sumer credits. Med-size com m unity affilia te of multibank holding company. $24K a ™ Additional listings for commercial lending and trust officers. Resume’ requested. TOM HAGAN & ASSOCIATES P.O. Box 12346/2024 Swift North Kansas City, MO 64116 816/474-6874 “Serving the Banking Industry Since 1970” Vol. 16 No. 52 Northwestern Banker Newsletter (USPS 873-300) is published weekly by the Northwestern Banker Company, 1535 Linden Street, Suite 201, Des Moines, Iowa 50309, (515) 244-8163. Subscriptions $1.00 per copy, $24.00 per year. Second class postage paid at Des Moines, Iowa. Address all mail subscriptions, changes of address (Form 3579), manuscripts to Northwestern Banker, 1535 Linden St., #201, Des Moines, Iowa 50309. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis # ^
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