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April 13,1987 Des Moines, Iowa Vol. 15 No. 52 NABW to Offer ^ “ Day in Washington” The National Association of Bank Women will hold its annual “Day in Washington” public affairs event on April 29-30 at the Sheraton Grand, #Capitol Hill. This year’s event is en titled “ Freedom to Compete:.. Equally” and will focus on the in tense competition in the financial services industry for equal business •opportunities. Featured speakers are Sen. Wil liam Proxmire (D.-Wis.), chairman of the Senate Banking Committee; Samuel Baptista, American Finan c i a l Services A ssociation and founder of the Mayflower Group, and Kenneth Guenther, executive vice president of the Independent Bankers Association of America. • According to NABW President Kay Landen, vice president of Cen tral Bancorporation, Inc., Denver, the event is designed to provide NABW members with an update on •current issues affecting the financial services industry, as well as to de velop and strengthen relationships with influential members of the Washington community. • Other speakers scheduled for the gathering are Karen Shaw, execu tive vice president of the Institute for Strategy Development; Charles _ O. Sethness, Assistant Secretary for •D om estic Finance, U.S. Treasury; Sen. Nancy Kassebaum (R.-Kan.); Ann Banning, Associate Director for Recruiting and Human Re sources, Office of Presidential Per sonnel at the White House, and Patrick Mulloy, general counsel, Se nate Committee on Banking, Hous ing and Urban Affairs. For more information on the NABW’s “Day in Washington,” call (312) 661-1700. Iowa News The IBA has announced its Iowa School of Banking will be held June 21-26 at the University of Iowa in Iowa City. Tuition is $650 for mem bers and $1050 for non-members. For more information, contact the IBA office. * * * Iowa Bankers Insurance and Ser vices, Inc. has announced its sche dule for Continuing Education Semi nars in 1987. The seminars have been approved by the Iowa Depart ment of Insurance for 10 hours of Continuing Education Credits. The spring seminars will be held May 11 at the Carrollton Inn, Carroll; May 13 at Adventureland Inn, Des Moines, and May 15 at the Red Fox Inn, Waverly. The fall sessions will be held Oct. 12 at the Hilton Inn, Sioux City; Oct. 14 at the Sheraton Inn, Cedar Rapids, and October 16 at Adventureland Inn, Des Moines. Registration is at 7:15 a.m. with the seminar running from 8:00 a.m. until 6:30 p.m. Fee is $45 for bankers and Q $65 for non-bankers in advance, with $10 additional at the door. Registration forms may be obtained from Charlotte Kraai, IBIS, 104 E. Locust St., Des Moines, IA 50308 or call (515) 286-4295, or toll-free 1-800532-1423 in Iowa and 1-800-247-5065 out of state. * * * The IBA encourages Iowa bank ers to become “stockholders” of the Living History Farms bank being built in observance of the associa tion’s centennial. Commemorative coins are $100 for bronze, $300 for silver and $500 for gold. Make checks payable to IBA Commemora tive Coins, 430 Liberty Bldg., Des Moines, IA 50308. DES MOINES: Jeffrey B. Weeden has been promoted to vice president of finance and treasurer of Banks of Iowa, Inc. He joined the corporate staff of BofI in 1983 and most re cently was senior tax and financial accountant. IOWA FALLS: Steve Afdahl has been elected president of Green Belt State Bank & Trust. He previously served as president and CEO of Hawkeye Bank & Trust in Spencer. MITCHELLVILLE: William C. Hamilton, formerly president of the Exchange State Bank at Collins, has been named vice president and trust officer of the Farmers Savings Bank. F irstInterstate We’re setting the pace• 1- 8 0 0 - 362-1615 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Randy Steig ■ Ik W N orw est Bank Des Moines, N.A. mmmmm NORWEST BANKS mmmmm Call (515) 245-3131 or toll-free (800) 362-2514 Member FDIC mm^mm Y e a rn w o rk: on e o f th e re a s o n s w e 're f ir s t in Iow a. Minnesota News MINNEAPOLIS: Marquette B an k g Minneapolis has created a new divi sion dedicated to the purchase of loan participation from other finan cial institutions. Appointed vice president of the new division, B u si-# ness Services Division III, was James D. LaBreche. Illinois News John Rigler Tom Q uinlin The Illinois Bankers Associa tion’s Trust & Investment Manage SIOUX CITY: Hawkeye Bank & nounced that the Parkersburg State ment Conference will be held May Trust has been sold and renamed Bank, an affiliate of Peoples Bank- 7-8 at the Collinsville Hilton. Regis Morningside Bank & Trust. The con shares, Ltd., was merged into Peo tration begins at 4:00 p.m. on thqp tract with the new investors was ples Bank and Trust Company, the 6th, followed by a reception at 6:30. finalized April 7. The bank’s new flagship bank of that group. On the 7th, registration is at 7:30 president is Ed Young, formerly ex a.m. and sessions run from 8:30 until ecutive vice president of Union Na 5:00, at which time there is a recep Nebraska News tional Bank, Messina. Morningside tion. On the 8th, continental break-£ Bank’s new executive vice president DODGE CENTER: Philip D. John fast is at 7:30, and sessions run from son has been elected president and 8:30 until 11:45. Featured speakers is Kelly Florke. chairman of the board of Norwest include Frank K. Spinner, president SPENCER: Succeeding Steve Af- Bank Dodge Center. He previously dahl as president of Hawkeye Bank served as senior vice president/loan of LeMay Bank & Trust Co., St. Louis; Ted Ridlehuber, president^ & Trust is David White. administration at Norwest Bank Cannon Financial Institute, Athens, WAPELLO: Richard Buenneke has Austin in Austin, Minn. John No Ga., and Art Fleming of “Jeopar been named president of the State votny, vice president/commercial dy! ’’ Fee for members is $150 for the Bank of Wapello. He most recently lending at Norwest Bank Rochester, first registrant and $125 for addi served as president of Iowa National has been serving as interim manager tional registrants, for nonmembers# of the Dodge Center bank. He will is $300 for the first and $250 for ad Bank, Morning Sun. leave Norwest on May 15 to relocate ditional, and $15 extra if registering WATERLOO: It has been an in Columbus, Neb. after April 30. Contact the IBA of OMAHA: At Bank of Nebraska, fice to register. Omaha, Patrick J. McPherson has Wisconsin News joined the bank as senior vice presi dent. He has 20 years of banking ex EAU CLAIRE: First Wisconsin Na perience. tional Bank has announced the pro- A Meeting Of The Minds. At Security National Bank, our minds are on meeting all your Correspondent Banking and Investment needs. We’re Security for you! Dick Retz MNB Correspondent Banker Wilma Weeks Together We Can Accomplish Great Things Call 319-398-4806 or toll free 1-800-332-5991 Strength Eastern |owa National Bank Digitized for Merchants FRASER Cedar Rapids. Iowa 52401 Member F 0 1C https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Richard Kunz Correspondent Services Officer 712- 277-6769 SECURITY N ATIO N AL B A N K IN SIOUX CITY, IOWA. M EMBER F.D.I.C. Investment Representative 712- 277-6522 t's easier to talk Iowa banking with people who live it — people like Donald H. Jordahl and the cor respondent staff at Bankers Trust. I Call 1-800-362-1688 or 515/245-2424. IS « BANKS o f IOWA BANK B ankers Trust Des Moines, IA Member FDIC Donald H. Jordahl Vice President The tern process system direct to your data I Tsort hertS o r kCan oft " "rte. W 2q., deep, ® i f higd- The w ir tiM a r k is fast - 300 to 600 docum ents per » " r a t i operation and document length- /m ) ^ ■ n B H intelligent sorters. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2* |118P^ ¡P * B E -2 5 2 0 D U Audit Machine Electronic j Æ S*§| f&M FEATURES I looking receipts! Issues Pr° fet®®e-otday!) /N0 W with time : E • , compact size tor countertop f Jbbbè i l l e r balancing time! * CU ' ^ ^ p adding machine-' window transactions-' trail1 • Speeds UP on-lin© friendly teller system FEATURES E -6 5 0 0 D U TellerTerm'nal. r Ell B„ .„a • Ife s s s s f t $ ■ ■ ip3"“ -sIt-- I i S g s s s s 2 8 5 ,1 activity! V r T V x^ g m e n ti v 8 00-652-9604or https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis IOWA BANKERS PROBLEMS WITH YOUR BANK’S BOND? AREYOUR UNDERWRITERS DEMANDS EXCESSIVE? HA VE YOUR PREMIUMS SKYROCKETED? We have been solving Bankers bonding problems for over years . . . AND AT THE LOWEST POSSIBLE PREMIUM! CALL OR WRITE IOWA BANKERS INSURANCE AND SERVICES, INC 104 EAST LOCUST STREET DES MOINES, IOWA 50308 1-800-532-1423 or (515) 286-4344 KANSAS BANKERS SURETY COMPANY P.O. BOX 1654 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis TOPEKA, KANSAS 66601 SOUTH DAKOTA BANKERS ' PROBLEMS WITH YOUR BANK’S BOND? ARE YOUR UNDERWRITERS DEMANDS EXCESSIVE? HA VE YOUR PREMIUMS SKYROCKETED? Are you FORCED to write one type of insurance with a company at a higher premium, just so they will write another type of policy for you? IF SO... PLEASE CONSIDER THIS We have been solving Bankers bonding problems for over 75 years . . . AND AT THE LOWEST POSSIBLE PREMIUM' CALL OR WRITE KANSAS BANKERS SURETY COMPANY P.O. BOX 1654 TOPEKA, KANSAS 66601 (913) 234-2631 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis FirsTier Correspondent Services More of what it takes to serve you well. ^ ^ ^ S = È = S = S = S = È ^ F irs TLincoln ie F Omaha Banks • FirsTier Bank, N.A., Lincoln and FirsTier Bank, N.A., Omaha, Members FDIC motion of three staff members to David Pals of Dale Carnegie. Con vice presidents. They are Thomas E. tact the MBA for more information. Saffert in commercial loans, Jean M. * * * Peterson in business development 1 and Thomas P. Taylor in the trust HB-499 has been passed and will department. Mr. Saffert has trans take effect October 1, 1987. The law ferred from the Rice Lake First prohibits any lender from using or Wisconsin Bank. disclosing information relative to a contract of insurance required by MENOMONIE: Gene A. Haberman the credit transaction for the pur has been elected president and CEO of Valley Bank, Menomonie. He has pose of replacing such insurance 20 years of banking experience in without the prior written consent of the Twin Cities area, most recently the borrower. If a bank owns an in with Marquette Bank. Mr. Haber surance agency, the bank may not man succeeds Calvin H. Beals, who disclose this information to its agen announced his resignation in Decem cy unless it first obtains the written consent of the borrower. This writ ber. ten consent can be obtained at the time the loan is made so banks may Montana News wish to revise their documents. The Montana Bankers Associa * * 4c tion 1987 Retail Bankers Conference The Upper Midwest Agricultural will be held May 14 and 15th at the Credit Council will conduct a con Holiday Inn in Billings. Registraference entitled “The New Credit tion/breakfast is at 7:30 a.m. on the Package for Rural America,” on 14th, with sessions from 8:00 a.m. until 5:00 p.m., followed by a recep July 8-10. It will be held at the Big tion. On the 15th breakfast is at 8:00 Sky Resort, Huntley Lodge in Big a.m. and sessions are from 8:30 until Sky. For more information, contact noon. Featured speakers include Art James Hammill at UMACC, (612) Pulis of Pulis & Associates, attorney 340-2137. Keith Strong, OCC representatives Colorado News Jim Timmel and Brian Quade, and DENVER: Elizabeth (Penny) Haw kins has been elected a vice presi dent of Colorado National B a n k Evergreen. She joined the bank in 1984 and is currently responsible for M A N A G E M E N T , INC. commercial loans and marketing. Consultant to Bankers • Loan Review and Credit Administration • Profit Planning 773 Spruce Street P.O. Box 159 Ocheyedan, Iowa 51354 Phone: [712] 758-3440 Correspondent Banking We’ve held the line on prices to help your bank. At United Missouri, we have maintained the same prices since 1983, which means we are highly competitive. Shop around and com pare. Our prices can help your bank become more profitable. In addi tion, you’ll be dealing with experts with a proven track record in bank services. We’re one of the best in correspondent banking, and we’re competitive. Call us today. We’ll talk prices over the phone. UNITED MISSOURI BANK Member FDIC of Kansas C ity n.a. 1010 Grand, R0. Box 419226 Kansas City, Missouri 64141-9946 (816) 556-7900 Jack C anaday and Associates, Inc. Offer you 342 years of combined consulting experience. Let us help you diagnose your problems and project a better future. Call: (402) 551-7005 COUNT ON I t Count on Com m erce for superior capabilities and personal attention to your correspondent banking needs. A combination w eV e upheld for m ore than 120 years. Give us a call. 1-800-892-7100 1-800-821-2182 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis (Outside Missouri) tut Commerce Bank 'S ” o f Kansas City 3 POSITIONS AVAILABLE Serving bankers quietly and efficiently. PRESIDENT $25MM bank, county seat town. Strong ag lending and bank operations exp. req. . ....................................................... To $50,000 + car. CAPITAL PERSONNEL SERVICE CASHIER $30MM la bank, county seat town. Re quires 2-7 yrs. exp. handling reports and opera tional functions. Loan and/or ins. exp. helpful. . . . ............................................................. To $24-30,000. 714 First Interstate Bank Building Des Moines, Iowa 50309 515-283-2545 NEW OPPORTUNITIES AG LOAN position for a promotable ag lender with several years experience................................................................... To$30,000 INSTALLMENT LENDER with two or more years experi ence. Scenic Midwest community...................................... To$25,000 COMMERCIAL LOAN POSITIONS. Prefer college grads with two to five years experience......................... To $55,000 EDP AUDITOR with two or more years EDP audit experi ence. IBM, DOS, MVS............................................................To$30,000 All inquiries strictly confidential; no contacts made without your consent. Fees paid by employ ers. Financial Careers AGRIcareers, Inc. FOR SALE (Division of Freeland Financial Service, Inc.) Banking Division 712-779-3567 515-394-5827 P.O. Box 140 P.O. Box 307 Massena, IA New Hampton, IA 50853 50659 RECONDITIONED BRANDT Coin Sorters-Counters BRANDT Currency Counters New Warranty 402-571-5577 1010 Equitable Bldg. Des Moines, IA 50309 515/282-6462 Employer pays fee. PO SITIO N W A N TE D MID LEVEL BANK OR LOAN OFFICER. Prefer Iowa. Strong ag bank credit. Presently FDIC employee in commercial loans. Installment experience. $2.5MM portfolio. Experi ence in liquidation, documentation & farm management. ISU/Ag business finance. 1 yr. with central Iowa farm busi ness. Salary negotiable. Contact Jeff J. Muff (402) 330-6416 Ext. 229. (PW) P O SITIO N A V A IL A B L E Immediate opening for a LOAN BUSINESS DE VELOPMENT OFFICER in a $60MM independently owned bank in northwestern Illinois. Individual will work in loan, public relations, and business development. Must be outgoing, personal, aggres sive and have the ability to work with a super bank team. Excellent community with good schools and several churches. Individual selected must have sales, marketing and loan banking experi ence and be committed to hard work. Team ap proach management. Excellent opportunity. Send resumes, references, and salary requirements to: Personnel Officer, First Nat’l Bank of Galena, 115 Perry St., Galena, IL 61032. Please, no phone calls and applicant must apply directly without an in termediary. All inquiries are strictly confidential. SAFE DEPOSIT BOXES - Lockers. American Bank Equip ment, Inc. 402-571-5621. A sensible alternative. Serving the banks of Nebraska and Western Iowa. Sales - Service - In stallation. ________ (FS) RETAIL LENDER - Progressive 26M bank seeks profes sional department manager experienced in all facets of retail lending. Excellent growth opportunities. Send resume or contact James C. Sodey, President, Iowa State Bank, Fort Madison, Iowa. (PA) POSITIONS AVAILABLE TRUST OFFICER/PLANNING AND BUSINESS DEVELOPMENT Challenging opportunity in a285MM Trust Depart ment. This position requires a law degree with ex perience in all phases of trust and estate plan ning. We offer excellent benefits and a salary commen surate with experience. Send resume and salary requirements in confidence to: Valley National Bank P.O. Box 906 Des Moines, Iowa 50304 ATTN: Lois Kriebs, Vice President An Equal Opportunity Employer A N D - I p w J A S S O C IA TE S LOAN REVIEW Well-trained credit analyst currently in $180m + bank. Spent 3 + yrs In operations and 2 + yrs in loan review. Highly analytical individual. $22K. CHIEF EXECUTIVE OFFICER Accomplished banker who has 12 + yrs of lending, 5 + yrs as a Chief Executive Officer running county seat bank tak ing it from problem portfolio to a profitable bank. $55K. SENIOR VICE PRESIDENT Astute executive who has real world experience to go with 5 yrs of consumer banking in small retail bank. Developed $20m portfolio through hard work and progressive poli cies. $33K. COMMERCIAL LENDER Well-trained commercial lender who has 2 + yrs of credit analysis and 1 year developing an $8m + portfolio in $200m + bank. Very professional. $25K. FOR FURTHER INFORMATION CONTACT KURT ROSENCRANTS m T l j[j[ ■w h i ------- j* ROBERT HALF accounting, financial and edp personnel specialists J17 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 VP/CHIEF CREDIT OFFICER Become a key player in this top performing bank group! If you are short of exp but have a solid work ethic this could be your dream job! A $15mm bank within an hour of the Twin Cities is looking for a chief credit officer with 3 + ag ^ lending exp. To$40K. Job#NW1450. VP TRUST ADMINISTRATOR Ready for a mgmt spot? A $65mm bank part of a holding co in SW Minn is looking for a strong administrator to over see a dept of 4. Qualified applicants will have 5 + yrs trust exp and must have thorough knowledge of employee ^ benefit programs. To$35K. + incentive Job#NW1451. W DAIRY AG LOAN OFFICER Are you looking to make a major career step? Use your 1 + yrs ag lending exp to further your career in this $30mm bank. Great location just 50 miles east of the Twin Cities. Must have dairy knowledge. Ready to hire! To $25K.Job #NW1452. £ FOR MORE INFORMATION CONTACT PAUL GENTZKOW OR JEAN TODD D O N W C m O L E R |r "Successful Banking is Quality Personnel" POSITIONS WANTED FOR SALE 3-5 yr AG LENDER needed for solid $43MM Bank. Located near Metro area. Excellent advancement opportunities. Send resume to File No. WIO c/o Northwestern Banker. _______________________________________________ (PA) RYAN AUCTION CO., INC. Decorah, Iowa 52101 Farm Equipm ent S pecialist A ppraisals & A uctions Call Dale Ryan 319-382-8648 Please contact Lorraine Lear concerning these and other Midwest banking opportunities._______________________ POSITIONS AVAILABLE CEO, $40mm solid ag bank, desirable location, pleasant surroundings........................... $45-$50,000 PRESIDENT, $15mm bank, very clean, small town atm osphere............................................$45-$50,000 TRUST ADMINISTRATOR, quality institution, col lege town ................................................$25-$30,000 COMMERCIAL LENDER, reputation bank, $175mm + , college town........................$35-$40,000 COMMERCIAL REAL ESTATE LENDER, projects up to $5mm, business developer .............. $40,000 3636 IDS Center Minneapolis, MN 55402 (612) 339-9001 ALL FEES COMPANY PAID POSITIONS A V A IL A B L E • COMML LOAN • $50MM suburban bank with excellent growth and earnings history. Handle majority of commer cial credits. Report directly to President. $38K CEO - suburban de novo bank. Experience as CEO or COO required. Strong commercial loan and business develop ment skills desired. Open #2 MAN, HEAD LENDER, $40mm, recreational area, primary a g .......................................... $35,000 LOAN REVIEW - large urban bank affiliated with major 0 midwestern holding company. Degree and 2-3 yrs. loan review/workout experience desi red. $30K SVP, Excellent town, top organization, one rated, $50mm ...................................................$45-$50,000 TRUST OFFICER • medium size community bank with growing trust dept. JD preferred but not mandatory. $27K CHIEF EXECUTIVE, $10mm, pop. 1,000, agoriented .................................................$30-$35,000 COMML LOAN - $100MM community bank. Supervise com mercial lending function. Future advancement possible. ^ $45K W AVP, COMMERCIAL LENDING, $100mm, mid-mar ket, college town ...................................$30-$35,000 SRVP AG, Management & administration back ground, excellent frin g es .............. $75-$100,000 + DON W. SCHOOLER 2508 East Meadow Springfield, Missouri 65804 (417) 882-2265 Additional positions available in midwestern states for experienced bankers. TOM H A G A N & A SSO CIA TES 2024 Swift - Box 12346 North Kansas City, MO 64116 816/474-6874 0 “ Serving the Banking Industry Since 1970” ALL FEES COMPANY PAID Vol. 15 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 Moines, Iowa. Address all mall subscriptions, changes of address (Form 3579), manuscripts to Northwestern Banker, 1535 Linden Digitized forDes FRASER St., #201, Des Moines, Iowa 50309. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis %
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