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Vol. 14 No. 2

Des Moines, Iowa

Iowa News
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The Iowa Bankers Association is
sponsoring a Loan Documentation
Workshop to be held May 1 at the
Airport Hilton in Des Moines and
May 2 at Stouffer’s Five Seasons
Hotel in Cedar Rapids.
John Moye, partner in the Denver, Colo., law firm of Head, Moye,
Giles & O ’Keefe, will present the
workshop.
Registration will begin at 8:00
a.m. the day of the workshop with
the morning session getting under­
way at 9:00, lunch at noon and the
afternoon session resuming at 1:00
p.m. Registration can be made
through the IB A office in Des
Moines.
DUMONT: State Bank o f Dumont
has announced the recent promotion
of Ruth Long to vice president and
cashier; Sheril Brodbeck to assis­
tant vice president and computer of­
ficer, and T.L. Harrison to vice
president and ag officer.
FORT M ADISON: James C. Sodey
has been elected president and a
director of Iowa State Bank here. He
succeeds Ken Baker, who resigned
last February to accept a position in
Colfax. Mr. Sodey has been associ­
ated with several Hawkeye Bancorporation Banks, most recently as ex­
ecutive vice president of the Hawkeye Bank, Spencer.
GUTTENBERG: Daniel C. Willenbring has joined the Security State

Bank as vice president, effective
April 15. He had been with Farley
State Bank for the past 12 years.
M A R S H A L L T O W N : B r e n to n
Banks, Inc. has announced that
Loras Neuroth has been named pres­
ident o f Brenton Insurance Services,
Inc., a subsidiary of Brenton Banks
Inc. He will also continue as presi­
dent of Brenton Independent Insur­
ance Services in Marshalltown,
where he has been for two years.

April 29,1985
1981. He will continue those respon­
sibilities.
SPENCER: Three officers recently
joined the staff of Farmers Trust &
Savings Bank: Thomas J. Malmgren, executive vice president;
David W. Woodcock, senior vice
president and cashier, and Bryan
Harken, assistant vice president.
Mr. Malmgren is owner of Team
Sport in Spencer and has ten years
banking experience. Mr. W oodcock
previously held a similar position
with Hawkeye Bank & Trust in
Spencer. Mr. Harken had been an ex­
aminer with the Iowa Department of
Banking.

M ARSHALLTOW N: Fidelity Bren­
ton Bank and Trust Company has
changed its name to Brenton Bank
and Trust Company, according to
Tom Smith, president. The name
change reflects the continuing effort TOLEDO: William R. Skow, Jr. has
to closely identify all Brenton banks been promoted to vice president of
and affiliated subsidiaries.
The State Bank of Toledo. He joined
the bank in June, 1982, as an assis­
OTTUMWA: Norwest Corporation
tant vice president.
has announced the election of G.
Patrick McGarraugh as president of W ILLIAM S: Claude F. Havick joins
Norwest Bank Ottumwa, N.A., ef­ the Williams Savings Bank May 1
fective May 13. Mr. McGarraugh as executive vice president, replac­
will join the bank after spending ing Justin Collier. Mr. Havick has
more than 20 years in varioius posi­ been serving as president of the Citi­
tions at Norwest Bank Great Falls, zens State Bank in Decatur, Neb­
N.A. in Montana, where he currently raska.
serves as executive vice president of
loan administration.
SIOUX CITY: Thomas W. Van
Dyke has been promoted to senior
vice president. Mr. Van Dyke has
been with the bank in various capa­
cities since 1971 and was appointed
head of the real estate department in

Nebraska News
C L E A R W A T E R : Citizens State
Bank of Clearwater has announced
that Marlyn Kuper has been ap­
pointed vice president; Jeff Hee has
been promoted to assistant vice

ASK LYNN WHITEMAN
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Toll free: 1-800-332-5991

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A 'BANKS OF IOWA' BANK

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Norwest Bank Des Moines, N.A.

Bank Consultants

Call (515) 245-3131 or toll-free (800) 362-2514

NORWEST BANKS

Specializing in Bank Acquisitions

Member FDIC

P.O. Box 450

515-232-0814
405 Main Ames, Iowa 50010

D o n a l d E . H o l d e r , Principal

Teamwork:
one of the reasons
we’re first in Iowa.
Lowell Barkley

Larry Welch

president, and Rhonda Heithoff to K. Smith and Todd F. Kruse to the
bank’s correspondent banking de­
assistant cashier.
partment. Mr. Smith has been with
HUMBOLDT: David Parman has
the bank two years, most recently as
joined the staff o f Home State Bank commercial credit analyst. Mr.
& Trust Company as assistant vice
Kruse previously was employed
president. He will serve as branch
with the Federal Land Bank Asso­
manager of Louisville State Savings
ciation of Sioux City, Iowa, for four
Company o f Louisville, a branch of
years.
Home State Bank & Trust. Mr. Parman previously was employed at OM AH A: Packers National Bank
has acquired control of the Bank of
American Bank of Edgerton, Mo.
Taylor through the reversion of a
OM AH A: First National Bank has bank stock loan held by the bank’s
announced the addition of Timothy
previous owners.

C o m e to
the quality
investment
specialists in
Nebraska
and Iowa.
e re your
best authorities
for bond portfolio
management
recommendations.
Our quality is your key
to success.

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Minnesota News

May 14 - Holiday Inn International,
Bloomington;
May 15 - Holiday Inn, Alexandria;
May 16 - Holiday Inn, Bemidji.
The workshop is sponsored by the
M B A Investments and Funds Man­
agement Committee, chaired by Wil­
liam P. Langford, American Na­
tional Bank & Trust Company, St.
Paul.
DULUTH: First Bank Duluth has
announced the election of Dennis
Mickle as vice president and comp­
troller and Lawrence Stovern as as­
sistant vice president in commercial
loans. Mr. Mickle joined the bank in
1969 and was named comptroller in
1979. Mr. Stovern joined in 1978.
M INNEAPOLIS: The Minneapolis
Chapter of the American Institute
of Banking will be conducting sev­
eral seminars in upcoming weeks.
All seminars will be held at the A IB
Education Center in Minneapolis.
The dates and seminars follow:
May 7—A IB Effective Interactions
Seminar;
May 8—A IB Customer Relations/
Telephone Transaction Seminar;
May 16—A IB Supervising the Tel­
ler Line Seminar;
May 22—A IB Investigations in
Banking Seminar.

The Minnesota Bankers Associa­
tion will conduct an Asset-Liability
Management Workshop at four loca­
tions May 13-16. The program will
cover basic concepts of asset-liabili­
ty management.
The program will be conducted by
Mark Bennett, vice president of fi­
nancial education and development,
Madison, Wis. Topics to be covered
include definitions of asset-liability
m a n a g e m e n t, m ic r o c o m p u te r M IN NEAPOLIS: The board of
spread sheet packages, asset-liabili­ First Bank System, Inc. has elected
ty concepts, and computerized as­ John M. Eggemeyer III as execu­
tive vice president. He will be re­
set-liability management.
The workshop, designed for opera­ sponsible for First Trust Saint Paul
tions personnel, middle and upper and the trust and fiduciary activi­
management, will be held at the fol­ ties of First Bank Minneapolis. Mr.
Eggemeyer most recently was presi­
lowing locations:
May 13 - Holiday Inn, North Man­ dent and chief operating officer of
First Interstate Bank of Denver.
kato;

Peter DeRosier...
Jeff Goble

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Kansas City, Missouri 64141
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Valley National Bank iti
DES MOINES, IOWA 50304

Member FDIC

A BANKS OF IOWA BANK

C a ll to ll fre e (800) 622-7262

Supplement to Northwestern Banker Newsletter 4-29-85

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Illinois News

North Dakota News

BUFFALO GROVE: Continental
Bank o f Buffalo Grove has an­
nounced the election of George L.
Barr as chairman and chief execu­
tive officer. He succeeds Francis W.
Morley as chairman and Michael A.
Speziale as CEO. Mr. Morley will
continue as a director. Mr. Speziale
remains as president. Since 1978,
Mr. Barr served as president and
CEO at each of three affiliated Chi­
cago banks, Lawndale Trust and
Savings Bank, the Garfield Ridge
Trust and Savings Bank and the
Bank o f Chicago.

FARGO: Kenneth H. Recker, Jr.,
CCL, has been named executive vice
president of Dakota Bank & Trust
Co. In 1984, Mr. Recker was named
president o f Ada National Bank and
will continue to serve in that posi­
tion. Prior to that he was executive
vice president of First Mitchell Na­
tional Bank in Mitchell, S.D.

DE KALB: Charles S. Combs, presi­
dent of The DeKalb Bank since
1982, has been elected to the addi­
tional post of chairman. He succeeds
the retiring James E. Forster. Mr.
Combs has been with the bank 17
years.

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will be held May 21 at the commu­
nity room o f United Bank o f Denver
at 1700 Lincoln Street in Denver.
The workshop will begin with a con­
tinental breakfast at 8:00 a.m. and
run from 8:30-4:30, followed by a re­
ception at 4:30 p.m.

Wyoming News
KEM M ERER: Alan Walker, chair­
man of Norwest Bank Kemmerer,
formerly Wyoming National Bank,
has announced the election of Char­
les W. Derby as president and chief
executive officer effective April 1.
Mr. Derby started his banking ca­
reer in Scottsbluff, Neb., and most
recently was vice president for A ffi­
liated Bank Corporation, holding
company for the bank.

Colorado News
South Dakota News
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ABERDEEN : M. Jay Beasley has
been elected vice president, First
Bank Aberdeen. Mr. Beasley joins
the bank from Norwest Bank in
Grand Rapids, Minn., where he memaged the bank’s consumer division.
He has also served as president of
the State Bank o f Little Fork and
Park State Bank in Duluth, both in
Minnesota.
R APID CITY: James J. Gartner has
been named senior vice president at
First Bank Rapid City. He joins the
bank from his present position as di­
rector o f the Minneapolis Field Office for the Office of the Comptroller
of the Currency.

DENVER: On May 7 at the Fair­
mont Hotel in Denver, Central Bank
will present Senator Howard H.
Baker, Jr.: “ The Outlook from
Washington.” Mr. Baker is the se­
nior partner in Washington for the
Houston-based law firm of Vinson
and Elkins. He also served two
terms as Senate Minority Leader
and two teams as Senate Majority
Leader.
DENVER: The correspondent bank­
ing division o f United Bank o f Den­
ver and Yale & Seffinger, P.C., certi­
fied public accountants, are present­
ing “ Getting Behind the Numbers in
Financial Statements,” an educa­
tional workshop on the evaluation of
financial statements. The workshop

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Federal Reserve Bank of St. Louis

MEMBER FDIC

234-2625

234-2485

T elephone (816) 234-2000

234-2486

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POSITION AVAILABLE

Ag Banking Specialists

Western Iowa bank has immediate opening for AQ-LOAN
OFFICER. Prefer ag degree and 3 or more years experi­
ence. Significant career w ith bank or as part of a growing
holding company. Send resume and salary requirements
to Mike Keim; 707 North 90th Street, Suite 304; Omaha,
NE. 60114.
(PA)

Let us help w ith your career advancement or staffing
needs. Call in confidence, without obligation. Employ­
ers pay our reasonable fee to hire the best.

AG LOAN OFFICER—An 18MM Community bank 100
miles west o f Sioux Falls, SD seeks an Ag Loan Officer
w ith experience. Send resume and salary requirements to
Farmers State Bank, PO Box 97, Stickney SD 57375.
(PA)
AG LOAN OFFICER for training for $16 million bank in
southeastern South Dakota. Salary negotiable. Send re­
sume to file WDC, c/o Northwestern Banker.
(PA)
COMMERCIAL LOAN OFFICER for $90MM bank in Northern Illinois. Candidate should have 2 + years experience in
Commercial and Real Estate lending, and knowledgeable
in loan documentation and compliance. Opportunity for
advancement and excellent salary and fringe benefits.
Contact: John M. Euard, E.V.P.-Cashier, The State Bank of
Woodstock P.O. Box 729, Woodstock, IL. 60098.
(PA)

COMMERCIAL/AG LENDER for $65 m illion midwest bank
............................................................................Salary $45,000
CEO needed by purchasers of $35 m illion bank in town of
2,000. Incentive and future opportunity . . . . Salary $35,000
CASHIER for Nebraska com munity bank. Excellent town
and living conditions ..................................... Salary $30,000

CONSUMER LOAN OFFICER $40mm NW Iowa bank seeks
candidate w ith proven consumer lending skills. Contact
Larry Geisinger, VP, Hawkeye Bank & Trust, Spencer,
Iowa. Phone: 712/262-1940.
(PA)
ASSISTANT VICE PRESIDENT-LOAN DEPARTMENT
$40mm NW Iowa bank seeks candidate w ith 2-3 years
lending experience. Good advancement opportunities.
Contact John Bowen, SVP, Hawkeye Bank & Trust, Spen­
cer, Iowa. Phone: 712/262-1940.
(PA)

Financial Careers
COMMERCIAL LENDER for $100 m illion bank in midwest.
Prefer college grad w ith loan review e x p e rie n c e ................
............................................................................Salary $40,000

AG LENDER fo r $70 million bank in m id w e s t.......... ............
............................................................................Salary $35,000
COMMERCIAL LENDER with two years experience for
bank in city of 35,000 ..................................... Salary $30,000
Linda 515/394-5827
New Hampton, la. 50659
■

Jean 515/263-9598 (W/F)
712/779-3567 (M/T/TH)
Massena, Iowa 50853

30/7 CAREERS, INC.
— / A 3 EANKING PERSONNEL SPECIALISTS

FOR SALE
DIEBOLD TABS 910 ATM w ith or w ithout building. Current­
ly on maintenance contract, low usage, excellent condi­
tion. Contact First National Bank, Minden, NE 68959.
Phone 308/832-2030.
(FS)
NEW BANK EQUIPMENT leases for sale. Investment tax
credit, residual, depreciation belong to the buyer. Phone:
319/362-9579.
(FS)

COMMERCIAL LENDER for Metro market area for mid­
west bank. Must have experience of five or more years . . .
............................................................................Salary $45,000
INSTALLMENT person for Mountain States bank, located
in scenic area .................................................Salary $28,000
AG/COMMERCIAL loan officer for central Illinois bank. Re­
quires two to five years experience ............ Salary $30,000
Write or call Malcolm Freeland or Cy Kirk in care of
Freeland Financial Service, Inc., 1010 Equitable Bldg., Des
Moines, Iowa 50309. Phone 515/282-6462. Employer pays
fee.

POSITIONS AVAILABLE
AG LENDER-West. Iowa. 2-3 years experience. To
$25K.

SENIOR LOAN OFFICER for northwestern Minnesota
bank, w ith assets o f $13MM. Salary open. 6 to 8 years ex­
perience required in agricultural and commercial lending.
Resume required. Contact Philip E. Stewart, P.O. Box 101,
Badger, MN 56714.
(PA)

BANK FOR SALE—Central Iowa bank. $20-25MM total
assets. Write Eddie Wolf, 7202 Maple Drive, Des Moines,
IA 50322, or phone 515/278-2271.
(FS)

THINK

TRUST OFFICER

You found the best deal on NCR Proof Machines.
Call for prices on 7750-6000 7750-2500, etc.

for department in $200 MM bank. Continued
growth presents real opportunity. Responsibili­
ties include trust and estate adm inistration and
taxation, employee benefit plan adm inistration,
extensive custom er contact and business devel­
opment. Trust experience and knowledge of in­
vestments helpful. Send resume to:

MARKETING DIRECTOR - Need new product de­
velopment. Omaha. $40-60K.

J.R. Gordon - Trust Department
H ills Bank and Trust Company
H ills, Iowa 52235

Member National Personnel Associates
We’re Nationwide

NOT
Until you talk to Bill.
Bankers Electronic Equip.
Phone 308/384-5995.

(FS)

AG LENDER - E. Nebraska. 3-4 yrs experience. To
$30K.
CEO - Northern Mid-Iowa - $70 mill. bank. Needs
diversified loan experience. To $70K.
MORTGAGE LENDER - Major financial institution.
Degree - management. Omaha. To $35K.

Richard L. Beam, CPC
GUMBERT EXECUTIVE EXCHANGE, INC.
11246 Davenport Street
Omaha, NE 68154
Phone: 402/330-3260

(PA)

BANKERS AVAILABLE
SR LOAN OFFICER • Spent the last 7 years as #1 man in a
community bank of $10mm handling all lending duties.
Good operations and analysis experience. Has initiated
and operated a successful call program. Excellent bank­
ing image.
$40K.
TRUST OFFICER/JD - Knowledgeable, rural institution
trust head ($35mm + ). Shaped and directed trust dept
while managing 2 0 + farms. Responsible for estate plan­
ning and personal trust work. Ready to move into large
dept that w ill fully challenge abundant skills.
$38K.
PRESIDENT/CEO - Self-motivated, no nonsense executive
who revamped entire sta ff of $50mm + bank and cleaned
up a poor portfolio. Offers a mix of 20 years lending know­
how and management skills.
$45K.
INSTALLMENT LOAN OFFICER - An energetic lender with
in-depth consumer credit skills. Has proven background in
commercial, ag and real estate loans for a $100mm +
bank.
$23K.
CASHIER/CPA - A decision maker w ith internal audit, oper­
ations and supervisory expertise. Cost conscious indivi­
dual w ith strong team concept. Several years experience
w ith a large holding company supervising over 30 employ­
ees.
$37 K.
AG LOAN OFFICER - Ag degree, experienced lender with
2 + years in small town facility. Mastered cash flow analy­
sis, spread setting and on farm inspections. Collections
and workout experience while exposed to all other small
bank lending areas.
$20K.
PARTIAL LIST OF AVAILABLE BANKERS
FOR FURTHER INFORMATION
FOR THESE AND OTHER CANDIDATES
RESPOND IN CONFIDENCE TO:
M. KURT ROSENCRANTS AT (515) 244-4414

<M H >
<M H >
<M >
®

ROBERT HMJF
317 6th Ave, Ste. 650
Des Moines, IA 50309
(515) 244-4414
ALL FEES COMPANY PAID

MORTGAGE BANKING
(Loan Officer)
Serving bankers quietly and efficiently.

CAPITAL PERSONNEL SERVICE
714 U.C.B. Building, 515-283-2545
Des Moines, Iowa 50309

Our client, a prominent Iowa banking organization
needs a Loan Officer with banking administrativemanagement abilities for their mortgage banking
subsidiary. Candidates must be experienced in
commercial transactions. Marketing and opera­
tions talent required. Excellent compensation and
benefit package. For confidential consideration
send resume w ith salary history to:
J.T. Textor
PERSONNEL INCORPORATED
2626 Ruan Center
Des Moines, Iowa 50309

(PA)

No fees, we are retained by management

POSITIONS AVAILABLE
COMMERCIAL LOAN • Division Head position in large sub­
urban bank. Oversee all lending functions and lend sup­
port to affiliate staffs.
$40K
COM MERCI AL/REAL ESTATE •Medium size suburban
bank. Handle all Real Estate lending and assist w ith com­
mercial.
$35K
CEO ■Suburban bank w ith poor performance record. Has
potential for strong adm inistrator with good commercial
loan background.
$50K
AGRI-LOAN - Handle all Agri credits for $30MM southern
Missouri bank. Could lend to second man position. $30K
COMMERCIAL LOAN - Addition to s ta ff of $200MM subur­
ban bank. Handle portfolio of approximately $10MM. Re­
quire degree and experience In $100MM + bank.
$40K

TOM HAGAN & ASSOCIATES
2024 Sw ift - Box 12346
North Kansas City, MO 64116
816/474-6874
Serving the Banking Industry Since 1970

Vol. 14 No. 2 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, $18.00 per year. Second class postage paid at
Des Moines, Iowa. Address all mail subscriptions, changes of address (Form 3579), manuscripts, mail items to above address.

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