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i u A l M Des Moines, Iowa Reflective Notes on D.C. B y BEN H ALLER, JR. Publisher A V IN G ju st returned from a trip to W ashington, D.C., with a delegation from the Iowa Bankers Association, we want to share with our readers certain highlights of general interest. Practically all upper midwest state banker associa tions schedule similar trips and their elected officers all can attest to the ongoing value o f such trips. The basic purpose o f such jaunts is to meet and exchange views with one’s Congressional delegation, federal regulators and governm ent offices identified with banking interests, such as USDA. These few reflections are not pre sented so much as to provide details o f this specific trip as to encourage each banker to strongly consider the value o f taking time to make this annual trip when it is scheduled by one’s state association. On this particular trip, bankers had requested early arrival so the weekend could be spent in visiting historic sites in D.C. and the area. The. m illions o f tulips, flowering plants, bushes and trees beckoned in glorious color as a welcom ing committee, knowing that the spirits o f midwesterners, who had not yet ex- H 9 ® ® • ^ ^ perienced the perennial re-birth o f the land, needed a special lift this year as a respite from the gloom y farm econom y news at home. W ith that uplifting feeling o f new life wherever one turned, the visit to the nation’s capital took on a more ex citing, refreshing pace. But business was the main pur pose and the group o f 30 bankers and four IB A staff people were up early M onday m orning to start o ff at 7:30 a.m. with an all-morning briefing by A B A staff at A B A head quarters. W e have been making these W ashington visitations with banker groups o ff and on for 25 years and have seen how A B A has consistently im proved the quality and effectiveness o f these briefings for banker members. This last brief ing was without doubt the m ost tho rough, effective one we have ex perienced. The high quality o f the staff was apparent as each person shared insights on a specific area. Visits to the offices o f the three federal regulators again proved pro ductive. FDIC Chairman William Seidman breakfasted with the dele gation, then made som e brief remarks. He said that in view o f the problem s so many bank directors associated with failing or failed banks, FDIC is striving to put e f i * April 21,1986 together a Code o f Duties for Direc tors as a helpful guide for all bank directors. Additionally, Chairman Seidman said he is considering recommending that bank board’s re tain their own independent counsel, ju st as mutual funds have done suc cessfully. If those tw o proposals can be put in place, he said, FDIC may be able to persuade L loyd’s o f Lon don to assist in pulling reinsurers back into the marketplace for need ed bank insurance. A staff official discussed details o f the capital for bearance program. A t the O ffice o f the Com ptroller o f the Currency, Com ptroller Robert L. Clarke had been called to Capitol Hill for an im portant hearing, so the group met with three top staff peo ple: Dick Fitzgerald, chief counsel; Frank Maguire, senior deputy com p troller for industry and legislative affairs, and John Noonan, chief ex aminer. They discussed details of the forbearance program recently announced and responded to a num ber o f questions. A t Federal Reserve System head quarters, the bank group was ad dressed in the board room o f the Board o f Governors by recently ap pointed Governor W ayne Angell, a farmer-banker-educator from Kan sas, who is very familiar with mid west ag problem s and spoke candid ly about consequences o f various C o n g re ssio n a l and re g u la to ry ASK STAN FARMER to m ake M N B w ork for you. Toll free: 1-800-332-5991 Merchants National Bank isi Member F.D.I.C. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A BANKS OF IOWA' BANK 2 Norwest Bank Des Moines, N.A. NORWEST BANKS C a ll (515) 245-3131 o r to ll-fre e (800) 362-2514 M ember FD IC Teamwork: one of the reasons we’re first in Iowa. Tom Quinlin courses. Governor Angell engaged in an extended question and answer session. A t USD A , the briefing was given by Glenn “ Jack” W ertzler o f the Fm HA staff. A fter reviewing details o f the direct loan, guaranteed loan and recently-enacted interest rate buy-down programs, Mr. W ertzler was told by a number o f the bankers present, “ your program isn’t being worked consistently” at home. They voiced support for the dedicated work o f their state Fm HA director, but cited numerous instances of where a county director in one loca tion in making com pletely different decisions, or no decisions, compared to the hard-working directors in ad joining counties. J. Bruce Meri wether, president o f the IB A , sug gested Mr. W ertzler and Fm HA Chairman Vance Clark com e to Iowa and have a m eeting on the spot with Iow a’s bankers, the Fm HA state director and the 99 county directors. That proposal was being pursued at press time. The state’s Congressional delega tion and their wives, as well as guests from regulatory agencies at tended a reception on dinner Mon day night. The pleasant tenor o f the dinner horn* turned somber when word was passed quietly from table to table that American planes from England and the Mediterranean car rier task force had finally struck back at Libya by bom bing terrorist bases at Tripoli and Benghazi. It Ja y Nichols seemed odd to com e all the way from the midwest and then be the one who informed our area Congressman that we had ju st bom bed another na tion! It was interesting to note during the ensuing tw o days that business throughout the nation’s capital went on as usual, with no visible evidence that anyone was aware of, cared, or was concerned about what had taken place thousands o f miles away on their behalf. Other than media coverage, practically no one referred to the fact that two crew members were m issing in action! Outside, people raised their umbrel las against a brief spatter o f rain, hurried to and from work, walked in the park, or went about business and sight-seeing as usual. For those who have considered making such a trip with their state association we can only encourage you—do it! The direct contacts right in the center o f this nation’s heart beat cannot be experienced else where. That’s where it happens, for better or worse. It’s the best system in the world and only when more of us feel the quickened pulse as we realize we’re a part o f the process that is aspired to by millions all over this globe, will we fully realize why so many o f the hungry, depressed, repressed, frustrated in so many countries look to us for leadership and help. Some would discount the value o f extra time for visiting historic Inquire about FLEXO*PAY® ■ a com puterized billing/credit system ■ generates additional incom e from present staff and equipment ■ means o f increasing your local commercial business ■ plan developed by bankers for bankers https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis CALL: 1-800-772-2411 WRITE: LeR oy Bell The National Bank o f Waterloo RO . B ox 90, Waterloo, IA 50704 shrines, sites or ju st plain sight seeing this historic area. It is our feeling that only when one can as similate the full flavor o f W ashing ton, inhale deeply o f its atmosphere, cultural offerings and soul-stirring history can one appreciate more ful ly the consum ing osm osis o f being proud to be an American. A ny time one can visit the nation’s capital, the trip should be embraced as an oppor tunity to grow in knowledge, spirit and love of this great country. □ Iowa News J. Bruce Meriwether, president o f the Iowa Bankers Association, and Neil Milner, executive vice president o f IB A , have announced a realign ment o f executive staff reporting to Mr. Milner. W es W . Ehrecke is ap pointed vice president for govern ment relations, with responsibility for governm ent relations, agricul ture and compliance. Marva Faeth M cCarty is appointed vice president for membership services, with re sponsibility for marketing, commu n ica tio n s and ed u ca tion . M r. Ehrecke and Ms. M cCarty were pro m oted from other staff responsibili ties. John Sorensen has joined the IB A staff as vice president for ad ministrative services, with responsi bility for human resources, plan ning, accounting and data process ing. Mr. Sorensen previously was with the Iowa Corn Growers A sso ciation. DES M OINES: Harry McCutcheon, Jr. has been prom oted from vice president to senior vice president at East Des Moines National Bank. Prior to joining the bank in 1978, he was associated with Iowa State Bank for 16 years. LINCOLN: Steve Alber has been hired as vice president branch man ager o f Lincoln Savings Bank of Reinbeck Office. His previous exper ience includes two years with a com mercial bank at Scales Mound, 111., and one year with the Farm Credit System in W est Union and New Hampton. SERG EAN T BLUFF: Bruce M. Kolbe has joined the Pioneer Bank of Sgt. B luff as executive vice presi dent and a member o f the board. Mr. Kolbe has been involved in Sioux City banking circlies for the past 22 years, 14V2 years with Security Na tional Bank and the past TVi years as president o f First Interstate Bank o f Sioux City. è Call on the “ Experienced Professionals” ^F irsTie r Banks Ready to meet your correspondent needs. w ^ ^ W EST DES M OINES: William J. Duma has been elected first vice president o f W est Bank in W est Des M oines. M r. Dum a’s extensive banking experience includes m ost recently vice president, First Inter state Bank o f Des M oines, and pre viously Barclays Bank, First Na tional Bank o f St. Paul and National Bank o f Minnetonka, Minn., where he was president and chairman. Nebraska News • • 0 • • • 0 CURTIS: John S. W ilkinson has been prom oted to president and chairman o f the Curtis State Bank in Omaha. He replaces his father, R. Scott W ilkinson, who died on Febru ary 15. The late Mr. W ilkinson had been em ployed and active in the bank since 1940 and was president and CEO since 1947. Roger S. Hogeland has been hired as vice presi dent. First National Lincoln m etropolitan division corporate banking group. Richard L. Peterson has been prom oted to senior vice president, real estate finance depart ment, First Bank Minneapolis and First Bank St. Paul. Gerald L. Reichwald has been prom oted to se nior vice president, special loans real estate at the two banks. Harlee E. G oldsteen's prom otion was to vice president, special loans real estate at First Bank Minneapolis, and W il liam M. M cR ostie’s was to the same position at First Bank St. Paul. Wisconsin News The W isconsin Bankers Associa tion has elected new officers and members o f the W B A Executive Council for the 1986-87 fiscal year. Rowland J. McClellan, president o f Valley Bank, Janesville, will begin his term as president in June fol lowing the annual convention. He will replace Dean A. Treptow, presi O M AH A: Am erican National Bank dent o f Brown Deer Bank, Brown o f Omaha has elected Chris E. Feni- Deer. Other officers are Vice Presi more as vice president and trust of dent—Richard P. Klug, chairman o f ficer. He was m ost recently assis- F&M Bank, Menomonee Falls, and tant vice president and trust officer Treasurer—Thomas L. Schiefelbein, for Hawkeye Bancorporation’s bank president, Security National Bank, in Council Bluffs, The State Bank Durand. and Trust Company. Minnesota News Member FOIC 13th & M Streets, Lincoln, Nebraska 68501 senior vice president o f marketing and retail services. In addition, Gre gory G. Cromwell was prom oted to vice president o f personal banking and Brenda A. Rifenbery was pro m oted to vice president and cashier. Mr. Cromwell previously served as assistant vice president and assis tant manager, personal banking at M ichigan Avenue National Bank, Chicago. M s. Rifenbery was a cash ier and corporate secretary at the Community Bank o f Edgewater. W H EELIN G : Carol L. Ennis has been appointed vice president and trust officer at Main Bank. She was previously employed by the North ern Trust Company, Chicago, for 12 years, m ost recently in corporate fi nancial services. Correspondent Banking Do you get personal service from your correspondent bank? If not, call United Missouri. Illinois News CHICAGO: Richard M. Delaney has The M innesota Bankers A ssocia been named vice president, market tion Bank H olding Company semi ing for W .N. Lane Interfinancial, nar will be held M ay 14 at the Radis- which includes the Chicago area son Inn in Plymouth. The program Lane banks. He succeeds Paula T. will provide new and innovative B a rth o lo m e . P re v io u s ly , M r. ideas for bankers in the manage Delaney had been manager o f adver ment o f a bank holding company. tising and prom otional planning for A lex Sheshunoff, founder o f Sheshu- M ontgom ery W ard Corporation, n off & Company, will be the head- Chicago, and was vice president of lined speaker. marketing at ITT Consumer Finan cial Corporation, Minneapolis, and M IN N EAPOLIS: First Banks has marketing manager at Continental announced a number o f prom otions. Illinois National Bank, Chicago. Randolph S. Koppa, form erly president and managing officer o f First CHICAGO: Kendon T. Birchard has Bank Rochester, has been named been elected president and COO of vice president and group head for Community Bank o f Edgewater. He the food products/agribusiness and joined the bank from National Se wholesale/retail divisions o f the FBS curity Bank, Chicago, where he was At United Missouri Bank, you work on a continuing basis with a personal representative, at no cost. We make available to you the expertise of our cash management and balance reporting specialists and calling officers. The result is continuity and a concern for your day-to-day operations. Personal attention makes the difference, and United Missouri is known for supplying that. Which is why we are considered one of the best in correspondent banking. Give us a call, today. lb UNITED MISSOURI BANK Member of Kansas C ity n.a. f d ic 10th and Grand, P.0. Box 226 Kansas City, Missouri 64141 (816) 556-7900 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3 South Dakota News SIO U X FALLS: Dennis Daugaard has been elected vice president and trust officer, trust services division, at First Bank o f South Dakota, Sioux Falls. He was m ost recently a personal trust manager. SIO U X FALLS: First Bank of South Dakota has elected Fred W hite, vice president and manager o f indirect retail lending, Sioux Falls. Serving at the East Branch in Sioux Falls for the past eight years, he was m ost recently a branch man ager. WANT ADS Rates are $5.00 per line per Insertion. Add $3.00 for file letters per Insertion. Identity of file letter advertisers cannot be revealed. ___________ NORTHW ESTERN BANKER 1535 Linden St., Suite 201 Des Moines, Iowa 50300 Phone 515/244-8103 POSITIONS W AN TED POSITION A V A ILA B LE BANKING PROFESSIONALS Strong midwest banking group seeks qualified ap plicant to fill position in recently acquired ag & commercial banks: Pres/CEO, $30M + Bank, Senior Comm. Lender, $80M metro bank. Only for ward looking team members need apply. Send re sume to File No. W EY c/o Northwestern Banker. SUPERVISOR for trust operations and customer book keeping services. Emphasis needed on accounting, micro computers and some supervisory experience. Send resume to W FB c/o Northwestern Banker. (PA) $12M Eastern Iowa bank near Iowa City has an opening for an Individual with experience in LOANS AND OPERA TIONS. Send resume and salary requirements to File No. W FA c/o Northwestern Banker. (PA) Norwest Bank Ottumwa, N.A. A $63m bank located in S.E. Iowa is seeking an ASST. VICE PRES. In charge of Install ment lending. This position is responsible for the manage ment of the personal lending function, organization and servicing of personal loans, dealer relationships, and stu dent loans. Candidate must have 2 years Installment lend ing experience; real estate lending a plus. Send salary his tory and resume to Charles Bonnlewell, 231 W Second St., Ottumwa, IA 52501. (PA) AG LENDING OFFICER. $35M N.W. IL bank seeking exper ienced lender for Ag Loans. Must have knowledge of FHA & other gov’t programs. Good starting salary and full bene fits. Send resume to File No. W FC c/o Northwestern Banker. (PA) FINANCIAL CAREERS CEO for newly-chartered bank in Missouri metro area. Must be aggressive self starter with record as C E O ........... ..........................................................................Salary $50,000 + SENIOR COM M ERCIAL LENDER for $100 million portfolio. Must have proven record and educational background to manage loans In larger financial Institution ....................... ....................................................................... Salary to $60,000 CEO for $35 million northern Iowa bank. Must have com parable experience and good track record . Salary $45,000 COMM ERCIAL LENDER for larger bank In university city. Requires five to seven years experience In commercial lending plus college degree ..................... Salary to $35,000 O FFICE MANAGER for large midwest bank. Require at least 5 years lending experience plus proven ability to manage people and develop business . . . Salary to $36,000 AUDITOR for group of community banks in Illinois and Iowa. Two to five years banking experience required. CPA a plus. Some travel. Quad City lo ca tion___ Salary $25,000 SENIOR AG LENDER for $25 million north Iowa bank. Some problem loans. Prefer person who likes smaller com munity ...........................................................Salary to $35,000 JUNIOR COM M ERCIAL LENDER for major midwest bank. Prefer college grad with a couple of years experience . . . . ....................................................................... Salary to $30,000 Write or call Malcolm Freeland In confidence. Competitive fees are employer paid. Freeland Financial Service 1010 Equitable Bldg. Dee Moines, IA 50309 515/282-6462 ___ _______________Employer pays fee. x^ToCdex and <z/hioaLate,*. Bank Consultants December, 1985 Northwest Mo. State Unlv. graduate with B.S. degree In Agriculture. Very extensive farm back ground and seeking entry-level M AN AGEM ENT or OPERA TIO N TR AIN EE position with financial Institution. Strong communication skills with some small business financial planning experience; Hands on experience with cash flow and lending statements. Contact Dale Carstens, R.R. 1 , Defiance, la 51527 (712) 748-4127. (PW) May, 1986 IA State Unlv. graduate with BS degree in agri cultural business seeking employment in AG BANKING. Specializing In ag finance & farm mgt w/animal science emphasis. Teller exp. in major Omaha Bank. Contact Cur tis Brown, 747 Pammel Ct., Ames, IA 50010 (515) 296-7971. _________ ________________ (PW) Specializing in Bank Acquisitions 515-232-0814 P.O. Box 450 405 Main Ames, Iowa 50010 Donald E. Holder, Principal FOR SA LE $23,000,000 BANK A 1 BHC, located in Southern CO. Priced for quick sale. High earnings record, excellent growth potential. Principals only. Ellis Jones Realty, 2992 Oak St., Lakewood, CO. 80215 (303) 232-1189. (FS) USED WALK-UP WINDOW. (515) 456-4774. POSITIONS AVAILABLE R/E LOAN OFFICER Profitable 100mm bank 30 minutes from downtown of large metro area seeks mgr for $20m + portfolio. No ag, mainly consists of residential and comm’l real estate loans. Secure, upward position. $30-35K. COM M ERCIAL LENDER Oppty to be #2 person in $80mm bank within 1 yr. 3 + yrs comm’l, good analytical and new business skills. If you are stalled In present position and looking for route to the top, this is it. 338-42K. AG LOAN O FFICER Well managed $25mm Institution seeks knowledgeable exp ag person to help keep portfolio in top shape. Must have 5 yrs of ag banking and desire leadership role. Good benefits. $35K++. Estate Appraisals Purchase of Collections Sale o f Rare Coins Reliable and respected service for over 20 years L'sed by bankers throughout the midwest FOR FURTHER INFORMATION CONTACT: KURT ROSENCRANTS Ben E . Marlenee Coins 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 WORLD’S LARGEST BANKING, ACCTG & EDP SPECIALISTS ALL FEES COM PANY PAID 913 Locust Des Moines, Iowa 50309 515-243-8064 (WTB) IBM-AT, MICRO NCR 7760-1100 Proofs Bankers Elec. Equip. Inc., Grand Island, Ne. 68801. Phone (308) 384-5995. (WTB) Serving bankers quietly and efficiently. CAPITAL PERSONN EL SERVICE 714 First Interstate Bank Building Des Moines, Iowa 50309 515-283-2545 POSITIONS AVAILABLE LOAN REVIEW - lead bank of major midwestern holding company. Requires degree and minimum of two yrs. loan review experience in large bank environment. $28K COMML. LOAN •$100M suburban affiliate of large multi bank holding company. Strong technical skills and 3 yrs. or more experience. $30K INSTL. LOAN •manage consumer department for $80MM suburban bank. Ideal candidate will have five yrs. instal. lending background including dealer paper. $30K CEO - small rural bank located close to recreational area. Work out situation. Ag credits not the problem. $38K BANK LOAN MANAGEMENT, INC. AGRI LOAN - primary responsibility for all Ag credits in $25MM community bank. Assist with commercial loans. $35K C O N S U LTA N T TO BANKERS Additional opportunities available. Resume requested. 773 SPRUCE STREET, P.O. BOX 159, OCHEYEDAN, IOWA 51354 P H O N E 712/758-3660 • Loan Review and Credit Administration • Profit Planning TOM HAGAN & ASSOCIATES 2024 Swift - Box 12346 North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry Since 1970” " \5 if0, ' 1 ü®rtlîwe8tern ®anlter 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, $J8.00 per year. Second class postage paid at Des Moines, Iowa. Address all mall subscriptions, changes of address (Form 3579), manuscripts, mall Items to above address https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
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