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• Vol. 11 No. 50 Des Moines, Iowa April 4,1983 A t National Ag Bank Management School— entering the second resident session of the school. Tuition for the school is $795 for ABA members, $995 for nonmem •Identify, develop and manage bers. For more details, contact Sara human resources. Chase, ABA, 1120 Connecticut The program is intended for sen Ave., NW, Washington, DC 20036, ior management of agricultural or call (202) 467-4266. banks, experienced agricultural loan officers, correspondent banking and credit officers of large banks, branch Two Elected to Head managers in agricultural areas and Examination Council bank regulatory personnel. Priority The Federal Financial Institu will be given to applicants who are tions Examination Council recently officers of ABA member banks and announced the election of a new graduates of state or regional agri chairman and vice chairman for a cultural credit schools. two year period beginning April 1, The first year of the program 1983. shows how to manage an agricul William M. Isaac, current chair tural department profitably. It ad man of the FDIC and previous vice dresses marketing, profitability, chairman of the council, has been evaluating new products and ser named chairman of the council. Mr. vices, and many other factors in Isaac will succeed J . Charles Partee, volved in structuring an agricultural a member of the Board of Governors banking program, plus financial of the Federal Reserve System, who management of the agricultural pro has chaired the council during the gram and management of lending past two years. and customer relationships. Richard T. P ratt, chairman of the The second year emphasizes man FH LBB , has been named vice chair aging the agricultural bank pro man of the council. Mr. P ratt will fitably, and touches on global fac resign from his post at the FH LBB tors, the importance of financial at the end of April. No successor to management and the human func him as chairman of the FH LBB has tion in bank performance. Inte yet been named. grated into the curriculum is BankSim, A BA ’s computerized bank Iowa News management program. Between sessions, students must BRIGHTON: Chris Davies has joined complete a multi-part, comprehen the Rubio Savings Bank of Brighton sive extension assignment before as cashier. Mr. Davies previously Ag Problems Study Will Be Timely G BANKERS attending the A BA ’s National Agricultural A Bank Management School on the # • ® ® ® ^ ^ ^ ^ • • campus of Iowa State University in Ames, la. this summer will find the concentrated one-week of study geared directly to helping them cope with the serious ag financing prob lems facing their farm customers today. The third annual session of the National Ag School will be held July 10-15 and interested bankers must get their applications in soon to assure a seat at this upper management ag school. Increased profitability and pro ductivity in a bank’s agricultural services, and quick response to changes in the market and regulatory environment are the goals of the school. The two-year program is designed to provide the skills needed to: «Understand the elements of high-performance banking, effective portfolio management and the im portance of agricultural activities to total bank performance. «Establish a sound management approach to agricultural banking. •Identify, develop and implement new products and services in a bank’s agricultural departm ent, with emphasis on pricing and proStability analyses that are consis tent with bank objectives. CALL ON THE “PERFORMANCE TEA M ” where common transactions are handled uncommonly well. I wmmww FI RST NATIONAL LI NCOLN • https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 13th & M Street • Lincoln, Nebraska 68501 • Member, F.D.I.C. First in Iowa, by putting Iowa first Bob Buenneke An Affiliate of Northwest Bancorporation Member FD1C was with the Hawkeye Bank & Trust N.A., Seymour, as assistant vice president. CARPENTER: Carpenter Savings Bank has filed an application with the Office of the Comptroller of the Currency to convert from a state to a national charter. Along with the conversion, the bank would change its name to Community National Bank. CARTER LA K E: First Bank, N.A. is awaiting approval from the Comp troller of the Currency for approval to move its charter into Council Bluffs to 1618 W est Broadway where it presently has an office. If approved, the main bank would be in Council Bluffs and the present bank at 1204 Locust Street in Carter Lake ASK STAN FARMER to make MNB work for you. Toll free 1- 800- 332-5991 Merchants A National Bank 151 Member F.D.I.C. A BANKS OF IOWA' BANK https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Banco Call (5 1 5 ) 2 4 5 -3 1 3 1 or toll-free (8 0 0 ) 3 6 2 -2 5 1 4 would become an office. HAMPTON: Robert K. Cooper has joined the First National Bank of Hampton as senior vice president and assistant trust officer. He pre viously was vice president and cashier of the Security State Bank, Lake Park. Also promoted at the bank were Phyllis Card to vice presi dent and cashier; Rock Bell to assis tant vice president, and Roxanne Ragsdale to assistant cashier. INDEPENDENCE: Tom Martin, formerly president of the First State Bank, Mapleton, has joined the Farmers State Savings Bank of In dependence as vice president. COUNCIL BLU FFS: An applica tion to purchase 24.9% of First Na tional Bank here has been made to NORTH ENGLISH: Mickey Lewis the Chicago Fed by The Omaha Na has been named president of Farm tional Bank, which is across the ers Savings Bank. John R. Hensley Missouri River in Omaha. The will continue as executive vice presi Omaha National’s entire interest dent and chief executive officer at would be in non-voting stock, while Farmers Savings Bank. Mr. Lewis the remaining 75.1% of the stock, will continue to live in Sumner, representing 100% of voting stock, where he is active as president and would continue to be held by the chief executive officer of First Na four children of W alter Scott, chair tional Bank. man of Peter Kiewit Co. of Omaha. SIOUX CITY: Sidney Copeland has DES MOINES: Northwest Bancor been named to the newly created poration has named John E . Ganoe position of vice president, loan Regional Vice President and Con development, for Northwestern Na troller of its Banking Region IV, tional Bank. Mr. Copeland was agri headquartered in Des Moines. The cultural officer at Northwestern af Region IV staff serves most of Iowa filiates in Slayton and Owatonna, and covers seven of the corpor Minn., before accepting his new ation’s 86 banks. Since 1980, Mr. Sioux City assignment. Ganoe has served as vice president SIOUX CITY: Richard Baxter has and chief financial officer at Banks been elected vice president of Toy of Iowa. National Bank. Also elected were EAG LE GROVE: C.W. Dunn, presi Paul Hansen to auditor and Helen dent of Security Savings Bank, an Teig to credit officer. Mr. Baxter has nounced recently that a preliminary been with Toy since 1974 as auditor. agreement had been reached be SPENCER: William Griggs, presi tween Security Savings Bank and dent of Hawkeye Bank and Trust, the heirs of John S. Whyte, Sr., to has announced that Jam es C. Sodey purchase Goldfield State Bank, has joined the bank as executive Goldfield. An agreement to pur vice president in the loan area. Mr. chase, subject to regulatory ap Sodey formerly was with the Central proval of the Iowa Superintendent Bank of Inverness, Denver, Colo., as of Banking and the Federal Deposit executive vice president. Insurance FDIC, was signed by Dunn and Whyte family represen W AVERLY: Chuck Gaffey has re tatives. cently joined the First National Professional ... Responsive... B ill Call Mark Christen for any correspondent service. Call toll free (800) 622-7262 Valley National Bank ¡Ü DES MOINES. IOWA 50304 A BANKS OF IOWA BANK Member FDIC 3 MFHutton One Carriers Building Des Moines, Iowa 50309 Telephone: (515) 243-1203 S&P: MOODY’S: NEW ISSUE AA Aa We own and offer subject to prior sale and change in price and subject to our attorney’s approving opinion: $825,000 (Part of an Issue of $11,000,000) DES MOINES WATER WORKS, IOWA Water Revenue Bonds DATED: June 1,1980 DENOMINATION: $5,000 Both principal and semiannual interest (June 1 and December 1) payable at the West Des Moines State Bank, West Des Moines, Iowa. MATURITY ____________5.50%____________ $825,000 December 1,1985 5.20 LEGAL OPINION: AHLERS, COONEY, DORWEILER, HAYNIE & SMITH, ATTORNEYS DES MOINES, IOWA The Des Moines Water Works provides retail water service to the residents of Des Moines and some unincorporated areas surrounding the City. The Water Works also provides all of the water, on a wholesale basis, to the Cities of Clive, Johnston, Norwalk, Pleasant Hill, Urbandale, Windsor Heights, and Cumming, as well as two rural water districts and several benefited water districts. The Cities of Ankeny and West Des Moines are also served on an intermittent basis. The estimated population of the service area (270,000) equals about 10% of the State’s population. Des Moines is the capital of the State of Iowa and also the County seat of Polk County. Since its incorporation in 1851, it has served as the commercial, industrial, governmental and financial center for the State. Des Moines is the home of Drake University (enrollment 6,000) Grand View College (enrollment 1,200) and several other smaller colleges and business schools. Des Moines is an important insurance center with sixty home offices located in the City. The largest is Bankers Life Company with 2,500 employees. Also important is the printing and publishing industry; the largest employer in this category is Meredith Corporation with 2,920 employed in the printing of Better Homes and Gardens and other periodicals. Besides insurance and publishing, there are an estimated 400 factories in the area with combined sales in ex cess of $500,000,000. Major industrial employers in the area include John Deere (farm equipment, 2,700 employees); Firestone Tire (tires, 2,950 employees); and Pioneer Hybrid Seed Co. (seeds, 1,700 employees). Large commercial employers located in Des Moines include North western Bell Telephone (3,200 employees); Younkers Department Stores (2,000 employees); and Iowa Power & Light Co. (1,500 employees). In addition, it is estimated that the various levels of government provide employment to 17,500 people in the area. The population of Des Moines, according to the 1970 Census, was 201,404 and is presently estimated at 200,000. Des Moines is served by five airlines, six railroads and 67 truck lines. Interstate Highways No. 35 and 80 intersect Des Moines. The area included within the City limits is approximately 65 square miles. There are twelve banks in Des Moines with total deposits in excess of $1,770,000,000. These bonds were issued under the provisions of Chapter 384, Code of Iowa, 1979, as amended. The proceeds of this issue were used to con struct an intake in the Des Moines River ($1,000,000); to construct a raw water pumping station ($2,300,000); to construct a raw water transmission main ($6,700,000); and to partially fund a debt service reserve fund ($1,000,000). In the opinion of counsel, these bonds are legal and binding obligations of the Des Moines Water Works, Iowa, payable from the future net revenues of the water system. This issue represents the only bonded indebtedness of the Water Works. On May 20, 1980, the Board of Trustees authorized, by Resolution, a rate in crease of approximately 30% which became effective January 1, 1981. EARNINGS STATEMENT 1981 Actual Gross Operating Revenue Operating Expenses Net Other Income TOTAL $11,260,942 8,327,691 2,933,251 613,396 $ 3,546,647 1982 Estimate $11,638,800 9,177,481 2,461,319 575,000 $ 3,036,319 COVERAGES (Based on 1982 estimated net revenues) Average principal and interest $1,329,688 Maximum principal and interest Coverage of average requirement 2.38x Coverage of maximum requirement $1,337,500 2.35x The information contained herein is not guaranteed, but is derived from sources which we deem reliable and is that on which our purchase of these bonds is based. may or may not still be available or may now be available at a price or yield different from the indicated above. Bonds of a particular maturity https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Count on Ron Kiel. For the best in ag overline, data process ing and cash management services, along with expert advice and guidance, call Security Correspondent Bank Officer Ron Kiel at 712/277-6554. SECURITY N ATIO N AL B A N K Sioux City, Iowa 51101 Member EDI.C. Bank as senior vice president. Mr. Gaffey previously was vice presi dent at Albert City Savings Bank, where he had served four years. Nebraska News FREMONT: Kenneth D. Grant has been elected vice president-cashier for American National Bank of Fre mont. Mr. Grant joins the Fremont bank from Toy National Bank, Sioux City, where he was credit department manager and president of Ken Way Distributing Company. GRAND ISLAND: Commercial Na tional Bank & Trust Company re cently announced the election of Corinne Brumbaugh and Geri Zaruba as assistant vice presidents and Patsy Kalkowski as assistant cashier. OMAHA: John L. Lewis has resigned as a vice president in the correspon dent banking division at U.S. Na tional Bank. His future plans have not yet been announced. FERG US FA LLS: Fergus Falls Bancshares, Inc., recently received approval from the Federal Reserve Bank of Minneapolis to become a bank holding company through the acquisition of the Security State Bank of Fergus Falls. MANKATO: N orthw estern Na tional Bank of Mankato has an nounced the addition of Todd S. W yatt as assistant vice president in the commercial banking depart ment. Mr. W yatt began his banking career in 1973 with Nicollet County Bank in St. Peter. MINNEAPOLIS; Wendell E . Lotthammer has been named vice presi dent and comptroller for the retail and operations divisions at First Bank Southdale. Previously he served as vice president of operations. PLYMOUTH: The stockholders of the Metropolitan State Bank of Ply mouth recently voted to change the name of the bank to Metropolitan Bank Plymouth. Minnesota News BLOOMING PR A IR IE: First Na tional Bank of Blooming Prairie re cently announced the following changes and promotions: Ken Trom was promoted to executive vice pres ident; Gary Hoehn was promoted to senior vice president and cashier; Craig Miller was appointed as vice president-ag representative, and Jewyll Sponheim was named assis tant cashier. Illinois News CHICAGO: Wm. F. Love, vice presi dent and head of the correspondent banking division at LaSalle Na tional Bank, has announced the ad dition to the staff of two new assis tant vice presidents. They are Wayne Bismark, who will travel Iowa and western Illinois, and Jam es L. FioRito, who will call on An important new profit center for your bank: Contact: National Bank of Waterloo 315 East 5th St. • W aterloo, IA 5 0 7 0 4 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Banking, Financial & Business Personnel Iowa and Nationwide CAPITAL PERSONNEL SERVICE 714 U.C.B. Building, 515-283-2545 Des Moines, Iowa 50309 banks in the metropolitan Chicago area and in Minneapolis. CHICAGO: Chicago Bank of Com merce recently promoted Linda A. McCoy to vice president from per sonal banking officer; Connie Watkins to vice president - finance and administration, from controller, and R. Scott Reining to assistant vice president from commercial banking officer. South Dakota News The South Dakota Chapter of the NABW will hold its state conference April 15 and 16 at the Alex Johnson Hotel in Rapid City. Theme for this year’s program is “Strategies for Success.” Keynote speaker will be Tom Kearns, president and general man ager of KTOQ Radio. Sandra Cook, administrative director for the Na tional Association of Bank Women, will address the general session on “Organizational Structure - Bank’s Changing Perspectives.” Other speakers on the program will be Nancy Nemity, NABW re gional director, and Kathy Peil, cer tified social worker and family coun selor. Banquet speaker will be Dr. David Ballew, professor. His topic will be “Crisis That Arise From Suc cess.” For further information and regis tration, please con tact Shirley Carlson, North Branch of the First National Bank of the Black Hills, Rapid City (605) 394-3993. Estate Appraisals Purchase o f Collections Sale o f Rare Coins Leroy Bell or Milt Hennick 319-291-5412 ■ wmwm a computerized local billin^credit service SERVING PROFESSIONALLY Member Federal Reserve System FDIC Reliable and respected service for over 20 years Used by bankers throughout the midwest Ben E . Marlenee Coins 913 L ocu st D es M oin es, Iowa 50309 515-243-8064 If you’ve been eyeing the lucrative leasing market you know what it would cost. Before you even book your first lease you could pay up to $50-150M for legal research, qualification requirements, data processing programs, promotional materials, and an expanded staff. Yet hundreds of banks just like yours are getting into leasing. W hat’s the key? The key is Bank Participation Leasing from Col lateral Financial Services. With Collateral Financial Services’ help you can add a lease program without adding to your staff. CFS takes care of the billing, collecting, taxes, marketing, documenting, and finan cial reports. They also provide the training you need to determine the lease contract and the amount of investment you would like to make in the lease. (You can make an investment of as little as 10% or as much as 75%). With Bank Participation Leasing you serve valued customers on a direct, personal basis. You attract new customers. And you can do it without high start-up costs. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Open the door to your own leasing program, call CFS or send in the coupon below. COLLATERAL FINANCIAL SERVICES INC. I want to find out how easy it is to enroll in your leasing program. Send me the brochure “How To Tap Into The $150 Billion Leasing Market.” 0 NWBN - 4-83 Name _________________________ Title_________________ Institution______________________________________ Address________________ ___________________ City---------------------------------- State_______ Zip___________ Mail to: COLLATERAL FINANCIAL SERVICES INC. Supplement to Northwestern Banker Newsletter 4-4-83 Corporate Offices 444 Lafayette Road St. Paul, MN 55101 612/222-7792 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RAPID CITY: Citicorp recently an nounced plans to purchase controll ing interest in the American State Bank of Rapid City. This move will allow Citicorp of New York to get in to the insurance business under the terms of a new state law signed by Gov. William Janklow March 4. De tails of the new law were covered in the March 14 issue of the Weekly Newsletter. Acquisition of the $13.7 million-deposit American S tate Bank will allow the $130 billionasset Citicorp to sidestep the Federal Reserve Board’s prohibition of banks providing insurance ser vices. Citicorp has had its credit card headquarters in Sioux Falls for three years after chartering a na tional bank there when the state legislature removed the interest rate ceilings. SALEM : Darwin J . Miiller has been named assistant vice president and cashier of The McCook County Na tional Bank of Salem. He started with the bank in 1973. North Dakota News SB 2321 was passed the week of March 21 by both houses of the leg islature. It is expected to be signed into law this week sometime. SB 2321 protects lender’s securi ty interest by requiring the seller (e.g., farmer selling grain to an elevator) to list on the cerfiticate of ownership any hen against the pro duct. If a Hen does exist, the check for the proceeds is made jointly to the seller and the lender. Officer Placements for Community Banks If you are seeking a quali fied officer for your bank . . . or an advancement for yourself, respond in con fidence to: Freeland Financial Service, Inc. 1032 Carriers Bldg. Des Moines, Iowa 50309 515/282-6462 Employer Pays Fee https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 5 VOR Montana News BROADUS: The Powder River County Bank of Broadus recently announced the following manage ment changes: Phillip D. Bratton has been elected president and direc tor of the bank. Mr. Bratton previ ously was the president of the Whitehall State Bank of Whitehall, and has been involved in banking in Montana for several years. J . Stephen Peryam has been elected executive vice president and direc tor. Prior to joining the Broadus bank, Mr. Peryam served as vice president and cashier of the First National Bank of Plains. Garry Wallace has joined the bank as vice president. For the past several years, he has been employed as a loan officer of the Security State Bank of Harlem. James D. Herrington Named New President of I BAA Jam es D. Herrington was elected president of the Independent Bank ers Association of America on March 25 during the 53rd annual convention of the IBAA at Town and Country Hotel in San Diego. Mr. Herrington is chairman and president of Coldwater National Bank, Coldwater, Kans., and will be chief spokesman for the national association representing more than 7,000 independent banks. He succeeds Robert L. McCor mick, president of Stillwater Na tional Bank & Trust Co. of Still water, Okla. Paul H. Bringgold, president of the First National Bank in Cannon Falls, Minn., was advanced to the EXECUTIVE BANK RECRUITING We'll prove that we're the right search firm for you ... Time and time again. R.E.B. & Associates Executive Search Consultants 13425 A. St., Omaha, Nebraska 68144 Phone: 402/333-8248 or 333-6604 first vice presidency of IBAA and is scheduled to be named president at the 1984 convention next March in New Orleans. The newly-elected second vice president is A .J. “Jack ” King, presi dent of Valley Bank of Kalispell, Mont. Jam es R. Taylor, president and CEO of McKeesport National Bank in McKeesport, Pa., continues in his second year as IBAA treasurer. C om e to the quality investment specialists in Nebraska and Iowa. e’reyour * * best authorities for bond portfolio management recommendations. Our quality is your key to success. a ju Jeff Goble kl Dave Dickens Investment Banking Division U N IT E D M IS S O U R I B A N K Mem be,FDIC o f K a n sa s C it y n.a. 10th and Grand o P.O. Box 226 Kansas City, Missouri 64141 (816) 556-7200 Ag Banking People Specialists SALES DO YOU HAVE SALES ABILITY? If so, Financial Systems, Inc., in Kearney, Nebraska, specializing in the development of software for financial institutions, has an immediate opening for a successoriented individual. Sales experience preferred and banking background re quired. Employers have been paying us to help them hire better, faster, easier since 1968. Call without cost or obligation for more information. Confidential. Linda: 515/394-5827 New Hampton, Iowa 50659 Jeannie: 515/263-9598 (If no answer 712/779-3567) Massena, Iowa 50853 I This breakthrough opportunity offers: •KANSAS OR COLORADO TERRITORY •EXCELLENT BASE SALARY PLUS COMMISSION •EXCELLENT BENEFITS •EXPENSES REIMBURSABLE •INDEPENDENCE AND PERSONAL SATISFACTION •SALES AND PRODUCT TRAINING •RESPONSIVE MANAGEMENT NATIONWIDE aqncareers, inc. “ THE ORIGINAL AGRICULTURAL RECRUITER ITEMS FOR SALE Bell & Howell Microfilm Reader UV-40........................... $200 If you are an aggressive, profit-oriented in dividual who can relate well with people... 1 Microdesign Microfiche Viewer single carriage model C.O.M.150............................................................................$50 PUT YOUR TALENT TO WORK NOW!! 1 Microdesign Microfiche Viewer single carriage model C.O.M.200............................................................................$50 Send resume and salary history to: 1 NW Microfiche Viewer single carriage model N.M. 1.75 .. .............................................................................................. $50 HARRIS LABORATORIES, INC. 624 Peach Street P.O. Box 80837 Lincoln, Nebraska 68501 12 NCR Full keyboard adding m achines................... $20ea. Will sell any item separately. Contact Timothy J. Byrnes, Vice President and Cashier, Union State Bank, Winterset, Iowa, (515) 462-2161 FOR SALE POSITION AVAILABLE Affiliated Midwest Bancs, Inc., a progressive group of six banks, is looking for an AGRICULTURAL LOAN OFFICER for its bank in Boone, Iowa. Prefer 3-5 years agricultural bank loan experience. Salary commensurate with ex perience. Send resumes c/o Robert Scott, president, Boone State Bank & Trust Co., P.O. Box 428, Boone, Iowa 50036.__________________________________________(PA) LOAN OFFICER for $30 million bank In north central Iowa. Advancement possible. Three to seven years experience needed. Salary commensurate with experience. Write file TBE, c/o Northwestern Banker. (PA) PRESIDENT—$24 million bank in south east Iowa. Must have lending background and ability to produce a high per formance bank. Contact: Larry Wenzl, P.O. Box 1622, Des Moines, Iowa 50306. Phone: 515/244-5111. (PA) Two Concord Point of Sale Terminals and Deposit Vaults. Contact Dave Laferla, First National Bank & Trust Company in Aurora, Aurora, Nebraska 68818. Phone: 402/694-3136. _______________________________________________ <FS) Chief Executive Officer New bank charter in SW Minnesota town of 1,200. Will be required to purchase at least 5% of the outstanding stock. Holding com pany being formed to absorb part of the debt. Send resume to file TBM, c/o North western Banker. (PA) BURROUGHS S 100 SINGLE POCKET PROOF MACHINE. In excellent working condition. $100. Call John Outhier, Okey-Vernon First National Bank, Corning, la. Phone: (515) 322-3101. (FS) Immediate opening for AG LENDING OFFICER with two years experience. $100 million SE MN bank. Excellent benefits and salary commensurate with experience. Send resume to file TBH, c/o Northwestern Banker. (PA) Position open for a JUNIOR COMMERCIAL LOAN OFFICER with three to five years of commercial loan ex perience. Bank located 35 miles from Minneapolis area. Salary commensurate with experience. Excellent oppor tunity for advancement. Send resume to file TBF, c/o Northwestern Banker. (PA) $55-$60 million west central Iowa bank seeking MANAGER for branch office and Insurance agency. Ag lending and in surance experience desirable. Write file TBK, c/o North western Banker. (PA) Ag Officer with 2 to 3 years lending experience or some one with 2 to 3 years of banking experience and willing to train as an ag loan officer. Must be knowledgeable of live stock operations and should have some knowledge of farming. $30 million bank located in eastern Wyoming. Send resume to file TBJ, c/o Northwestern Banker. (PA) AGRICULTURAL LOAN OFFICER— Large Dubuque bank seeks #2 person for agricultural loan department. In dividual must have 3-5 years experience in ag lending with proven skills in credit analysis and business development. Good growth opportunity and compensation program. Send letter of inquiry and resume to file TBL, c/o North western Banker. (PA) COMMERCIAL LENDER needed for aggressive $50 million bank in eastern South Dakota. Experience required. Salary open. Write file TBN, c/o Northwestern Banker. (PA) INSTALLMENT LENDING POSITION in $40 million westcentral Iowa bank. Previous installment lending ex perience required. Salary open. Send resume to Roger Fleury, Financial Service Company,P.O. Box 3128, Omaha, NE 68103. (PA) A $20 million country bank located in northcentral Illinois has an opening for an AGRICULTURAL LOAN OFFICER. Requirements: Five years experience, farm background, preferably a college degree in AGR. Salary open. Profit Sharing and Pension Plan. Send resume to file TBO, c/o Northwestern Banker. (PA) POSITIONS AVAILABLE JUNIOR OPERATIONS—college degree and 1-2 yrs. bank operations experience required. $17,000 SECOND OFFICER—small rural bank in western Iowa. Pre fer ag lending background and insurance licenses. $22,000 PRESIDENT—for $40MM community bank in north central state. Requires solid commercial lending background and business development skills. $50,000 SENIOR COMMERCIAL LENDER—growing $75MM bank affiliated with holding company. Manage portfolio. Re quires some knowledge of agribusiness financing. $40,000 PRESIDENT—rural $20MM bank with majority of portfolio in ag credits. Administrative experience required. $35,000 MARKETING OFFICER— progressive $65MM community bank. Manage retail banking and develop new products. Must like rural environment. $35,000 Additional opportunities available. Resume' requested. TOM HAGAN & ASSOCIATES of Kansas City 2024 Swift - Box 12346 North Kansas City, MO 64116 816/474-6874 “Serving the Banking Industry Since 1970” Vol. 11 No. 50 Northwestern Banker Newsletter (USPS 873-300) is published weekly by the Northwestern Banker Company, 306 Fifteenth Street, 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. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
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