The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Vol. 10 No. 1
Des Moines, Iowa
April 27,1981
to turn a productive econom y into
first a stagnant econom y, then a
deteriorating one? A t our bsmk we’ve
15 % b y mid-yesir and 12 % b y the end studied this to determine the cause.
o f the year. Long-term rates, Our Emswer is the costly, rising tax
m ortgage rates, will go down from burden. Y ou can measure this b y
15-16% , where they are close to their government spending. It used to be
peak now, b y about three basis points 30% o f econom ic gross output— now
b y year-end to 12 % .
it exceeds 4 0 % .
“ So the question now becom es one
Econom y
o f whether we are to turn the econom y
“ Inflation is on the verge o f one o f around or turn around the tax
its m ost dramatic revisions. M any burden.”
see the inflation rate at 12 to 13% in
the near future. They Eire wrong, in
M oney Supply
m y opinion. I see it going down to 8 to
Dr. Genetski traced the ability o f
9% . I expect the econom y to go down the Treasury to create money and its
until fall, then back up. W ill this direct relationship to inflation.
upturn be one of inflation, or Creating a 2% increase in money
sustained productivity? That de supply, he said, used to create a 2%
pends m ost crucially on President inflation rate. N ow, however, he
Reagan’s program . Critical to this is stated, when the money supply
not a cut in costs, but cuts in taxes. recently went up 8 % , inflation went
“ W e see a need for tax cuts being up 10-12 % , coupled with a loss in
more than he’s asking. The process in production. Based on actions o f the
Congress now is to moderate these Fed since last year, he said “ I believe
tax cuts and if so, w e’ll lapse in to the we’ll see a slow-down Emd drop in the
doldrums. I think those people are inflation rate.” He sees a drop in
wrong. I think that President Reagan money supply and a consequent drop
will push and get his program to in inflation to 8-9 % in the year ahead.
return this nation to genuine
“ For the Emswer to how deep a
grow th.”
downturn and how much unem ploy
Dr. Genetski then went on to say ment lies ahead, the answer must
the framework for his analysis o f the look to governm ent policies and to
econom y to determine where w e’re the people behind those policies.” He
heading takes into account two listed those key figures as President
factors: productivity trends and Reagan, Treasury Secretary Regan,
m oney supply.
Fed Chairman Volcker Emd Treasury
Dr. Genetski said “ what happened Undersecretary o f the Treasury for
Predicts Approval of Tax Cut
it A
N Y significant m ove to
» » water down President Rea
gan’s tax rate
will be far more
inflationary by
nature than the
tax cuts them
selves.” This o b
servation
was
made b y
Dr.
Robert J. Genetski, vice presi
dent and chief
G EN ETSK I
econom ist
at
Harris Bank o f Chicago when he was
in Des M oines recently. H e predicted
that Congress will approve the
President’s program , thus triggering
gm increase in production and the
standsird o f living and an eventual
cutback in inflation.
Dr. Genetski was in Des M oines to
address a luncheon meeting hosted
b y United Central BancshEires, In c.,
for share holders and area business
executives.
Dr. Genetski stated first that “ the
econom y is experiencing its worst
period since the 1930s. It has been
trending down since the beginning o f
1979, the longest, m ost extensive
since 1930. M uch has been made o f its
strength in late 1980, but that was
illusory. I predict production will
continue goin g down. Interest rates
will decline, with the prime at about
ASK STAN FARMER
to make M NB work for you.
Toll free: 1-800-332-5991
Merchants National Bank
Mem ber F.D.I.C.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
is i
A B A N K S O F IO W A B AN K
Çom e to us we’re first in Iowa
because we put
Iowa first.
An Affiliate of Northwest Bancorpdration
Member FDic
M onetary Affairs Beryl Sprinkel.
The latter is Dr. Genetski’s former
boss at Harris Bank, the man he
succeeded when Dr. Sprinkel joined
the Reagan team in W ashington in
January.
Although
he
sees
Chairman
Volcker “ as a puzzle, ” he thinks w e’re
more than likely to have a reasonably
slow monetary expansion over the
next three to six m onths, “ so w e’re
likely to see a sluggish econom y but a
pleasant downturn in inflation.”
W hether this leads to a drop in
production or a boost depends on
passage o f the Reagan program ,
which he predicts will pass.
Dr. Genetski concluded on an
optim istic note. H e sees the econom y
going through a sluggish downturn in
productivity, but w e’re on the verge
of a tremendous re-evaluation o f the
inflation expectation (downward) and
“ I don’t believe the econom ic
expectations o f the Reagan package
are wrong. I think he’s right.
“ A key barrier to passing the tax
cuts is that the Dem ocrats realize
that if it works, they’ll be the
minority party for another 10 years,
but I believe that barrier will be
overcom e.”
□
Don't gam ble
when choosing
o correspondent
bank. Com e to
the professionals.
Banco
Call (515) 245-3131 or toll-free (800) 362-2514
Heimann Resigns as C of C
11:30 a.m .-2:00 p.m . or an evening
wine and cheese session from 7:309:30 p.m .
Iowa News
The National Association o f Bank
W om en’s Iowa Convention will be
held M ay 6, 7 and 8 at the
Breckenridge W estm ark Inn in W est
Des M oines. Registration begins
W ednesday, M ay 6, at 2:00 p.m .
Annual business session begins at
9:15 a.m ., M ay 7. Speakers will
include Frances Schmeling, N A B W
regional vice president. Registration
fee is $90, payable to Southwest Iowa
Group, N A B W ,
hosts o f the
convention.
John G . Heimann announced April
16 that he is submitting his
resignation as Comptroller o f the
Currency
to
President
Ronald DES M O IN E S: Bankers Trust will
Reagan, to be effective M ay 15. He open its new, expanded W indsor
said “ after six years of government Heights office M ay 2. Opening
service at both the state and national ceremonies include a mini-marathon,
levels, it is time for me to return to the starting and ending at the new office,
private sector.” He was appointed to consist o f a 6.2 mile com petitive
Comptroller b y President Carter in race and a two-mile fun run, winding
July, 1977. Prior to his appointment, through the suburb’s residential and
he had served as superintendent o f business areas. Taking part in the
banks and commissioner o f housing marathon and other ceremonies will
and com m unity renewal in the State be Chicago Cubs’ Hall of Famer Ernie
of New York. Previously, he was Banks. Runners and joggers are
associated with the investment being encouraged to join the ranks
banking firms of E .M . W arburg with Banks b y Ed Redfem , Bankers
Pincus and Company, In c., and Trust’s director o f communications.
Smith Barney and Company, Inc.
Entrants will each receive a souvenir
Charles E. Lord, first deputy T-shirt and top winners will be
com ptroller and the number two man awarded medals.
in the agency, is considered to be a
lead candidate to succeed Mr.
Minnesota News
Heimann, since his advancement to
Commissioner
o f Banks Michael J.
first deputy came ju st three days
Pint
has
announced
the opening o f
before Mr. Heimann’s announced
Viking
Savings
A
ssociation
in
resignation.
Alexandria, the first state-chartered
savings association approved in
E.F. Hutton to Sponsor
M innesota since 1958.
Savings
Retirement Plans Seminar
accounts at Viking will be insured up
E .F . H utton will be holding a to $100,000. A full range o f consumer
Seminar on Retirement Plans M ay 7 services will be offered, including
at the M arriott in Des M oines. Topics N OW accounts, savings accounts,
will include Retirement Plan Design, home m ortgage loans and consumer
Establishing Y our Plan’s Investment loans.
Objectives and M anagement o f Your
Plan’s A ssets. Registrants have a F A IR M O N T : Phillip S. Hartmann
choice o f attending the luncheon from has been elected cashier o f the
We’re people you can
turn to for investments.
For investment services, data processing, ag lending
and overlines . .. we’re the people you can turn to.
Central National Bank
& Tru st C om pa n y
We’re more than western Iowa’s largest bank,
We’re people.
Jim Hongslo
Vice President
712/277-6625
D E S M O IN E S • M E M B E R F D IC
TO L L FR EE NUM BER
(800) 362-1615
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
SECURITY N ATIO N AL RANK
IN SIOUX CITY, IOWA. M E M BER F.D . I. C . _____ ____
___________________________
© 1980 Security National Bank
Carleton D. Beh Co.
Supplement to Northwestern Banker Newsletter 4-27-81
Investment Bankers/Financial Consultants
NEW ISSUE
SALE DATE: April 21,1981
$14,880,000
MILWAUKEE C O UN TY, WISCONSIN
MOODY’S: Aa
S &P : AA
General Obligation Metropolitan Sewerage Bonds, Series 1981
Dated.
May 15,1981
Denomination:
$5,000
Both principal and semiannual interest (February 15 and August 15, first coupon due on February 15 1982)
payable at Manufacturers Hanover Trust Company, New York, New York.
IN TH E OPINION O F C O UNSEL IN TE R ES TO N TH E SE BONDS IS EXEMPT FROM ALL PRESENT
FEDERAL INCOME TAXATION.
M ATURITIES
$1,380,000
1,500,000
1,500,000
10.00%
August 15, 1982
August 15, 1983
August 15, 1984
7.60
7.80
8.00
1,500,000
9.30%
August 15, 1985
8.25
1,500,000
8.50%
August 15, 1986
8.50
8.75%
August 15, 1987 8.75
9.00%
1,500,000 August 15, 1988 9.00
9.20%
1,500,000 August 15, 1989 9.20
9.30%
1,500,000 August 15, 1990 9.35
9.50%
1,500,000 August 15, 1991 9.50
$1,500,000
LEG ALITY TO BE APPROVED BY QUARLES AND BRADY, ATTO R N EYS,
MILWAUKEE, WISCONSIN
Milwaukee County, located in Southeastern Wisconsin and bordering on Lake Michigan, is the state’s most populous county and its
n g ^ u r i n o M e . service a™1financial center. The City of Milwaukee, the county seat, accounts for 66% of the County’s population and
52 /o of its taxable resources. The remainder of the County consists of nine other cities and nine incorporated villages, encompassing 239
square miles. Milwaukee County s location on Lake Michigan has been an important factor in its development. The Port of Milwaukee
^°ress to th.®sea lanes of the world makin9 Milwaukee County one of the leading exporting counties in the nation
Mitchell Field, 20 airlines provide service to most of the nation’s metropolitan centers. Five rail lines and six bus lines also serve the
Milwaukee area Major highways and expressways provide fine facilities for truck and automobiles. Firms located in Milwaukee Countv
lead in the manufacturing of diesel and gasoline engines, electrical controls, outboard motors, motorcycle parts, tractors padlocks malt
construction equipment and beer.
’
’
These bonds are being issued in accordance with Wisconsin Statutes to finance the construction of a northeast side relief sewer system
Hampton Avenue relief sewer .pum p station and diversion chambers. In the opinion of counsel, these bonds are legal and binding general
obligations of the Milwaukee County Metropolitan Sewerage District, Wisconsin, and all taxable property located therein is subject to the
levy of sufficient taxes to pay the principal of and interest on the bonds without limit as to rate or amount.
FINANCIAL S TA TE M EN T
Equalized value of taxable property, 1980
Assessed value of taxable property, 1980
Net direct debt, including this issue
Total direct and overlapping debt
Population, 1980 estimate: 960,573
$19,675,919,485
11,551,000,000
199,735,000
554,701,829
Net direct debt per capita: $207.93
Total debt per capita: 577.47
Tax collections have approximated 99.93% of taxes levied for the past five years.
We own and offer subject to prior sale and change in price and subject to our attorney’s approving opinion:
Th e Information contained herein is not guaranteed, but is derived from sources we deem reliable and is that on which our purchase of these bonds are based
Bonds of a particular maturity may or may not still be available or may now be available at a price or yield different from that indicated above.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Des M oines Building • Des Moines, Iowa 50309 • 515-288-2152
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
A spécial program for Com m ercial Lenders and Loan Closing Personnel
COMMERCIAL AND CONSUMER FINANCING
A one-day program offering both new and experienced commercial lenders an opportunity to examine indepth key areas of commercial and consumer lending. Problems of filing financing statements, preparing
notes and security agreements, assembling loan documentation, classifying collateral, perfecting security
interests, determiningpriorities among creditors, examiningwarranties andrepresentations ofborrowers, and
remedies in the event of default will all be discussed in detail.
Written Materials
Each registrant will receive a comprehensive course manual contianing a detailed analysis of the Uniform
Commercial Code rules, as adopted in Minnesota and Iowa, which apply to collateral transactions, and
procedural requirements and checklists for proper loan documentation.
Faculty
John E. Moye, Esq., has earned a national reputation as a lecturer and author on subjects related to the
Uniform Commercial Code. He has presented seminars on secured transactions for banks and loan officers
since 1978.
Date, Time, Location
Friday May 15, 1981
Radisson Plaza Hotel, St Paul, Minnesota
Program 9 am - 5 pm.
Tuition
$65 includes course manual.
National Center
M
for Continuing Legal Education,
431 West Colfax Avenue,
Denver, Colorado 80204
(303) 572-1980.
Registrations: Enrollment is limited and advance registration is strongly recommended To register Hptarh
this form and mail to the National Center for Continuing Legal Education, 431 West Colfax Avenue, Suite
310, Denver, Colorado 80204.
□ Please register me for the Commercial and Consumer Finance Program. Tuition $65.
□ Check enclosed □ Master card □ Visa
Charge Card Number________________ ____________________ Exp. Date_____________
Signature (with charge card only)________________________
Name______________________________ ____________________________________________
Name____________________________
Address _________________________
City, State, Zip ____________________________ ______________________________________
https://fraser.stlouisfed.org
Supplement to Northwestern Banker Newsletter 4-27-81
Federal Reserve Bank of St. Louis Phone ______________________________________________
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3
Call our
Bond
Department
For up-to-the-m inute,
accurate information
Tom Steffens
Vice President
John Henderson
Vice President
Tony Paugoulatos Jim McLaughlin
Rusty Reese
Asst.Vice President Asst.Vice President Bond Officer
Dave Wittenborn
Bond Representative
234-2462
234-2463
234-2647
234-2691
234-2673
C o m m er c e BANK o f Kansas C ity
M e m b e r F D IC
Fairmont National
Bank.
M r.
Hartmann joined the bank in 1974.
#
#
0
0
9
ST. P A U L : Dales S. H anson, vice
president and head o f Group 2 at
First National Bank o f St. Paul, who
supervises four lending divisions
including the correspondent bank
division, assumed direct supervision
of correspondent banking earlier this
month following the resignation o f
James T. Gowan, vice president. M r.
Gowan’s resignation was reported
last week so he could accept
appointment as president o f First
National Bank o f Chaska, ju st
southwest o f Minneapolis. Full
details are in the M ay issue.
Nebraska News
£
®
1
9
B E L D E N : The First National Bank
of Belden is holding an open house to
celebrate their new enlarged banking
quarters, com m unity rooms and
drive-up window. Drawing winner
will receive a day’s interest on a
million dollars.
O M A H A : Ervin J. Nerad, 50,
assistant vice president o f N orth
western National Bank, died recent
ly. M r. Nerad was in the instalment
loan department o f the bank, and
began his banking career in 1955.
C H IC A G O : BancNorthwest has an
nounced the prom otion o f Melrose
B. O ’Rourke to executive vice
president. M r. O ’Rourke joined
BancNorthwest in 1979 as a senior
vice president.
S A N D W IC H : The Sandwich State
Bank, the eighth oldest banking
institution in Illinois, is celebrating
125 years o f continuous service to the
com m unity.
Montana News
The Montana Bankers Association
Trust Conference will be held M ay 7
and 8 at the Village Red Lion in
Missoula. Registration will begin at
noon, Thursday, M ay 7, in the hotel
lobby. The program will begin at 1:00
p.m . Adjournm ent will be at noon,
Friday, M ay 8 . Registration fee is $40
and $10 per spouse.
B IL L IN G S : The Glacier Chapter of
Bank Adm inistration Institute will
hold its spring meeting Saturday,
M ay 2, at the Northern H otel in
Billings. The meeting will close with
an evening symposium and dinner.
North Dakota News
B IS M A R C K : Keith Ulmer has been
prom oted to assistant vice president
and manager o f First Bank North,
Arrowhead Plaza. Mr. Ulmer joined
First Bank Bismarck in 1973.
M IN O T: City voters on April 21
rejected overwhelmingly a proposal
on the special ballot for a city-owned
bank here, along the same lines as the
state owned Bank o f North Dakota.
Errors & Omissions Coverage
1. Directors & Officers Liability
2. Trust Errors & Omissions
3. Data Processing Errors &
Omissions
4. Mortgage Errors & Omissions
5. “All Risk” Liability Policy
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10th and W aln ut
fiUTOmflTED SVSTEfTIS
□F ia w f u n c .
301 N. Ankeny Blvd., Suite 220
Ankeny, la 50021 515-964-1358
(816) 234 -2 000
7
Illinois News
M IN N E A P O L IS : Kenneth N. Dayton, chairman o f the executive
comm ittee o f D ayton H udson C orp.,
and
Gerì M .
Joseph,
former
Am bassador to the Netherlands,
were elected directors o f N orthw est
ern
National
Bank.
A lso
at
Northwestern, Gary B. Hawk has
been named a vice president o f the
international finance department.
234-2674
A bou t 6,000 voters turned out and
defeated the proposal about 5,000 to
1,000 votes. Local businessmen and
bankers labeled the proposed bank
pure socialism and with a concerted
effort through the Chamber of
Commerce used a speakers bureau,
brochures, newspaper, television and
radio messages to encourage voters
to turn out in force to reject the bank.
Originators o f the proposal included
Carl Kalvelage, a M inot State College
professor who was defeated for
alderman in M inot a few years ago;
John Gefroh, president o f the Minot
Centred Labor Union, who was an
alderman until his defeat two years
ago, and the Rev. Philip Heide.
Mr. Kalvelage said he believed the
Bank o f North Dakota, since it
finances commercial banks, could
loan $2 million to get the city bank
started. Bank of North Dakota
President H .L . Thom dal is reported
to have said, “ I can tell him right
now, that’s not a feasible loan . . .
This is a college professor’s idea that
is not practical and not needed.”
South Dakota
C L A R K : M elvin Hamre has an
nounced that he has arranged for
partial retirement of his duties as
president and chief executive officer
of Citizens State Bank. Assum ing
M r. Hamre’ s duties will be Merlin
Caulfield, vice president. M r. Hamre
"Opportunity
T W
I
I I r «
\J I 1
la 9
wv
Robert Scott,
O O O Correspondent Danker
4
C A L L O N T H E “P E R F O R M A N C E T E A M ”
where com m on transactions are handled uncom m only well.
FIRST NATIONAL LINCOLN
13th & M Street • Lincoln, Nebraska 68501 • Member, F.D.I.C.
will continue
chairman.
to
serve
as
board
M IL B A N K : First National Bank
celebrated the grand opening o f its
new two-level facility recently.
SIO U X F A L L S : Craig H . Johnson
has been elected senior operations
officer, administration group o f
Northwestern National Bank. M r.
Johnson joined Northwest Bancorporation in 1964.
W A T E R T O W N : Bret Freemole has
been prom oted to assistant vice
president o f Farmers and M erchants
Bank & Trust. Recent elections
include John A . Storsteen to vice
president and trust officer, R obert J.
Miller to vice president and A rlo M .
Hintz to assistant vice president.
I -------------------------- —
----------------------------------------------------------------- 1
I □ My majority bank stock is for sale.
• □ I want to purchase majority stock in a bank.
1
I
J O N E S R E A L TY
205 South Eaton St.
Lakewood, Colorado 80226
Phone:(303) 232-1189
POSITION AVAILABLE
L E N D IN G - First W yom ing Bank, N .A . seeking
installment lender with at least two years
experience— all phases installment lending. Salary
commensurate with experience. Send resume to R.V.
Preston, pres., P .O . Box 940, Rock Springs, W yom ing
82901.___________________________________________ (PA )
POSITIONS AVAILABLE
Insurance Agent with banking experience wanted by
N .W . Iowa bank..............................................$20,000 plus
A g Rep with two or three years experience wanted by
eastern Iowa b a n k ............................................ $20,000 up
N u m b e rTw o person, strong in ag lending for Western
Nebraska b a n k .......................................................$26,000
Marketing Person for m a jo rN .E . Iowa b a n k .. .$25,000
Write or phone Malcolm Freeland, Freeland Financial
Service, Inc., 306 - 15th Street, Des Moines, Iowa
50309. Phone (515) 244-8163. Em ployer pays fee.
WANT TO BCIY
Please contact Ellis Jones, Broker
I
— W AN T 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.
Northwestern Banker
306 - 15th Street
Des Moines, Iowa 50309
PARTIAL LIST OF
AVAILABLE POSITIONS
A G LE N D E R - 5 years in rural banking environment.
Has developed an active call program that has
significantly increased loans and deposits. $23,000.
C A S H IE R - Strong number 2 man. Has diverse
experience in lending and operations for strongly
agricultural bank. Also has experience with in house
computer. $32,000.
E X E C V .P . - Coordinates all commercial, ag, real
estate and installment loans for medium sized bank.
Prior experience included operations officer for major
bank. $30,000.
O P E R A TIO N S - BS accounting, 2 years in operations
of moderate bank. Experience includes data
processing and accounting. $14,000.
C O M M E R C IA L LE N D E R - V.P. with major Iowa bank.
Has extensive background in commercial loans up to
mid 6 figures. Excellent image and communication
skills. $27,000.
LE N D E R - Has 1 year exposure to A g, Installment and
Real Estate loans. A lso licensed in general and
personal lines of insurance. $15,000.
A L L F E E S C O M P A N Y PAID.
FO R F U R T H E R IN FO R M A TIO N
R E S P O N D IN C O N F ID E N C E T O :
T T T "
Bank Division
fit
1T T
ROBERT HALF
owa. Inc
317 6th Ave.
Des Moines, IA 50309
(515) 244-4414
ALL FEES COMPANY PAID
|
Individual wants to acquire Iowa or Neb. bank.
Contact in confidence: Mike Keim, 9916 Fieldcrest
Drive, Om aha, N E 68114, phone 402/393-8160. [W TB ]
POSITION WANTED
POSITIONS W ANTED
Agricultural Loan Officers with 3 to 20 years
UPDATE YOUR ALARMS
Special on 35mm auto cameras.
Check with us first B EFO R E making a
purchase.
SEC U R ITY S Y S TEM S , INC.
3920 Delaware
Des Moines, IA 50316
[515]265-1161
A g B a n k in g
S p e cia lists S{^E
FOR SALE
N CR 279-200 fully on-line teller machines $1895. Burroughs TT-100 on-line, off-line teller
machines - $1895.
Call (214) 757-7760.
experience seek new opportunities............. $20,000 up
C E O of com m unity bank wants greater challenge. W ill
consider number one or two po sitio n ............... $30,000
Office Manager with well rounded banking experience
seeks new opportunity in I o w a ...........................$23,000
Operations Officer with
solid experience seeks
change due to bank being s o l d .......................... $25,000
FOR SALE OR LEASE
P E R M A N E N T O R TE M P O R A R Y - Sale or lease
financial facilities. Available immediately: 12’x40’ w/2
D U W s in Nebraska, 14’x60’ in Missouri, 24’x60’ in
Illinois, and 12’x50’ in Minnesota. S O N C O R P O R A
TIO N , Box 684, Wichita, KS, 67201, (316) 942-8167,
__________________________ (F S o rLS )
call collect.
FOR SALE
Burroughs S-100012 pocket proof machine. Like new.
Tow ner County State Bank, phone (701) 968-4421 ,(F S )
If your bank needs a qualified officer, we have many
more applicants in a wide range of experience. Call:
Malcolm Freeland, Freeland Financial Service, Inc.,
306 - 15th Street, Des Moines, Iowa 50309. (515)
244-8163. Em ployer pays fee.
_______________
POSITIONS AVAILABLE
S E C O N D O F F IC E R - $45MM bank affiliated with
midwestern holding company. Position requires both
lending and operations experience..................... $35,000
B O N D A N A L Y S T - Position requires M B A Degree and
3-5 yrs. experience. Excellent advancement with this
major midwestern trust com pany......................$$Open
SERVING PROFESSIONALLY
C O M M E R C IA L L E N D E R - Opportunity to assume
dept, head position in $70MM bank. Must be well
acquainted with statement analysis and written loan
review procedures.....................................................$30,000
Progressive bonkers pay as to find tbe people
tkey need.
Banking, Financial & Business Personnel
Iowa and Nationwide
JU N IO R
O P E R A T IO N S - Need 2-3 yrs.
bank
supervisory experience. W ill understudy cashier’s
position. Degree desired.........................................$18,000
I AG LOAN OFFICER/INS. M G R ........IA .$15-20,000
12ND MAN IN SMALL BANK............... NE. $15-22,000
[ASST. V.P./BRANCH M G T............... IA .$16-22,500
I INSURANCE MANAGER................... N E .$16-19,000
I SALES & MKTG. REP.-FINANCE
N Y . $20-25,000
| COMMERCIAL LENDING OFFICER . . IA .$15-16,000
CAPITAL PERSONNEL SERVICE
When it comet to agriculture, banking end
personnel. . . ge te the specialists — go to
AGRIcareers, Inc.
714 Central National Bldg. 515-283-2545
Des Moines, Iowa 50309
B A N K E R S P A R TIC IP A TIN G
Ask our banking specialist, U n d e , w het's
available without cost or obligation.
( 515 ) 394-3145
> NEW HAMPTON, IA 50659
I0f7CUlRERS,INC.
~
A U D IT - Conduct internal audits and establish
procedures for suburban bank in Rocky Mountain
area............................................................................... $18,000
T R U S T O F F IC E R - Opportunity to manage small dept,
with good growth potential. Bank experience
required....................................................................... $25,000
Inquiries handled on a confidential basis. Resume’
and salary history requested.
TOM H AGAN & ASSOCIATES
I LeasePlan.Inc.
545 - 31st Street
Des Moines. Io w a 50312
THE ORIGINAL AGRICULTURAL RECRUITER
R. L. “ D ICK ” S E LL O N
of Kansas City
P .O . Box 12346,2024 Swift
North Kansas City, M O 64116
816/474-6874
S E R V IN G T H E B A N K IN G IN D U S T R Y S IN C E 1970,
10
1 Northwestern Banker Newsletter [USPS 873-3001 is published weekly by the Northwestern Banker Company 306
Fifteenth Street, Des Moines, Iowa 50309. Subscriptions $1.00 per copy, $15.00 per year. Second class postage paid at Des Moines
Iowa. Address all mail subscriptions, changes of address [Form 3579J, manuscripts, mail items to above address
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
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