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Vol. 16 No. 51 Des Moines, Iowa April 4,1988 ABA praised the Fed for discus sing the regulations with represen tatives of the industry during the nue to use statistically based moni drafting stages and said the propo toring program to detect check sal “incorporates many concerns ex kiting. pressed by the association.” * Requiring next day availability However, ABA said it was “exfor cash and certain other deposits made into proprietary automated SEEKS CHANGES.. . (Turn to page 4, please) teller machines. The industry’s procedures and equipment for handling deposits in a Senate Passes Banking Law shared-ATM environment do not The United States Senate approv allow banks to distinguish among ed the Proxmire/Garns banking bill various types of deposits, ABA said. last Wednesday by a 94-2 vote. It Consequently, the law will have the would allow banks to own and op effect of making nearly all deposits erate securities firms, as well as per into proprietary ATMs available on mit securities firms to enter the the next day after deposit. banking business, thus breaking ABA asked the Fed to “extend by down the 55-year old barriers enac one day the requirement that cash, ted into law through the Glassgovernment checks and depository Steagall Act. checks deposited into proprietary The House version of this bill ATMS be available the day follow .faces tough sledding, since House ing deposit.” Banking Committee Chairman Fer The association also pointed out nand St Germain basically opposes that the same problems exist for such expansion of banking powers, deposits in non-proprietary ATMs along with Rep. Dingell, chairman of and suggested that banks may stop the powerful Energy Committee. offering this service because of the The House version is expected to risk and costs involved. drastically limit any securities ABA suggested a six-month powers for banks and would not only delay in the Fed’s proposed endorse deny insurance activities for many ment standard and new check banks and bank holding companies returning requirements. but would curtail the insurance In the 50-page comment letter on powers presently authorized by the Fed’s proposed Regulation CC, many state legislatures. ABA said the industry needs time to Any House approved bill would absorb the changes proposed and to send the legislation into a House/ make the operational adjustments. Senate conference committee. Seeks Changes in Funds Availability HE NEW funds-availability leg T isla tio n places d e p o sito ry in stitu tio n s a t risk and will 0 I 0 # • • ® • ultim ately hurt consumers, according to the American Bankers Association. ABA said Congress failed to give the Federal Reserve Board the flexi bility it needs to write the regulations. The association’s comments were submitted to the Fed on its Reg. CC, which will put the Ex pedited Funds Availability Act, enacted in July of 1987, into effect September 1 . To help with this fundamental flaw in the law, ABA suggested the Fed develop and maintain directo ries to assist banks in verifying the validity of depository checks. ABA also asked the Fed to “pursue rein statement of the $5,000 limit excep tion for depository and government items contained in the bills passed by both the House and the Senate.” Other sections that concerned ABA were the following: • Requiring banks to disclose the reason why they have cause to doubt a check can be collected. A bank’s reasons for doubting check collection may be sensitive, such as suspicion of a check-kiting scheme in progress or doubt about the solvency of a drawee, ABA said. ABA asked the Fed to affirm in the regulations that banks could conti <3^ ■ P / 1 ' jj - - - - - • J*. m Together We Can Accomplish Great Things Call Jerry Trudo, MNB Correspondent Banker 319-398-4306 or Toll Free 1-800-332-5991 HH . m IH https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Strength Eastern |owa of k f ^ J Merchants National Bank Cedar Rapids. Iowa 52401 Member F D IC ^ is i A BANKS OF IOWA BANK 2 HkH Norwest Bank Des Moines, N.A. mmmmm NORWESr BANKS mmmmm mm'imm » Member FDIC ~l~eamwork: one of the reasons 1 we're first in Iowa. Si P~ ■Nfl gglglF j. Call (515) 245-3131 or toll-free (800) 362-2514 jt Tom Q u in lin P u rch a se o f C ollectio n s Sale o f R are C oins |L Iowa News * * * Iowa Bankers Insurance & Ser vices, Inc. will present Insurance Continuing Education Seminars at three locations in May. Pre-registra tion fee is $50 for bankers and $70 for nonbankers, with $15 additional required at the door. The fee in cludes ten hours of approved semi nar, materials, refreshments, lunch and certificate of completion. Regis tration at each seminar is at 7:15 a.m. and the program runs from 8:00 to 6:30. You may register for life/accident & health OR property/casualty. Dates and locations are: May 9— Carrollton Inn, Carroll; May 1 1 Red Fox Inn, Waverly; May 1 3 Super 8 Westmark, West Des Moines. To register contact Heidi R e lia b le and respected service fo r over 20 years Used b y bankers th ro ug ho u t the m idwest J a y N ic h o ls Iowa Bankers Insurance and Ser vices, Inc. will sponsor a Credit Life & Disability Licensing School on May 9-10 at the Howard Johnson Hotel in Des Moines. School hours are 9:00 a.m. to 5:00 p.m. on May 9 and 8:00 a.m. to 5:00 p.m. on May 10. Fee is $50 for bankers and $65 for nonbankers and includes a Licen sing Information Bulletin, materi als, lunch and refreshments. Iowa Agents’ Study Manuals are avail able for $15. Register by May 2 by contacting Heidi McCuddin a t IB IS, (800) 532-1423 or (515) 286-4395. E state A ppraisals McCuddin, IBIS, (800) 532-1423 or (515) 286-4395. * * * The Iowa School of Banking will be held June 19-24 at the University of Iowa in Iowa City. This General School is for first-level, exempt and mid-level managers and also serves as a preparation for more advanced schools. Tuition is $650 for IBA members and includes room, meals, casebook and study materials. Con tact the IBA for more information. EAGLE GROVE: Dennis Eads has joined Brenton State Bank as vice president. He has four years of banking experience. GRAFTON: Controlling interest in Farmers State Bank has been pur chased by Richard A. Halvorson of Corwith and Donald E. Sabbann of Clear Lake from the Elmer Bowers family, long-time Grafton residents. Also, the Marsh Insurance Agency of Grafton has merged with the North Central Insurance Services of Corwith. Mr. Halvorson has been elected president and CEO of Far mers State Bank. He will continue as executive vice president at Cor with State Bank, where Mr. Sab bann is president and CEO. Randy Hanna, who recently joined the Grafton staff, will be vice president and loan officer. Jeanie White con tinues as cashier. Elmer Bowers will remain with the bank as honorary director. •X For Professional Correspondent Service Call 1-800-622-7262 Ben E. Marlenee Coins 913 Locust Des Moines, Iowa 50309 515-243-8064 Minnesota News The Minnesota Bankers Associa- 0 tion has developed a comprehensive sales training program for banks. The first component of the program will be a Sales Management Work shop held on April 5-7. It will feature 0 Dr. Laird Landon, author and bank marketing instructor, who will em phasize how to structure and man age the sales function in a bank. The second component will be a custo- 0 mer service program, “ S ervice^^ Sells,” featuring Kateri Schmerler^ft of Arrow ‘S’ Associates, between May 9-19 at six locations. Another component will be special sales 0 training consultations available to banks for in-house training. Other components will be developed as the need arises. * * * 0 The Minnesota Bankers Associa tion will sponsor a program in April on the Roles and Responsibilities of Bank Directors which is designed to q be attended by entire bank boards. The program features speakers from the Comptroller of the Currency, FDIC, and the Minnesota Com merce Department. The program 0 runs from 2:30 to 5:00 p.m. at the following locations: 25th—Bemidji, 26th—St. Cloud, 27th—Blooming ton, 28th—Mankato. For more infor mation, contact the MBA. 0 M INNEAPOLIS: K risti Rollag Wangstad has been promoted to vice president and head of corporate S e r v in g b a n k e r s q u ie t ly a n d e f fic ie n tly ThereJs A Difference In Banks... Valley National Bank ft Main Office • Sixth and Walnut DES MOINES, IOWA 50304 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A BANKS OF IOWA BANK Member FDIC 0 C A P IT A L P E R S O N N E L S E R V IC E JAMES F. MacLEAN Vice President H. PETER DeROSIER Vice President 714 First Interstate Bank Building Des Moines, Iowa 50309 515-283-2545 • PAPER SHREDDER SALE G@ C,fhrcd m a sta r EVERY MODEL ON SALE! Large Capacity Units For Centralized Shredding. 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It produces information for the IRS reports and will aid in scheduling your teller personnel by providing timed customer activity reports. If you’ve considered on-line teller terminals but were discouraged because of the high costs involved, we should talk! In fact, especially then. Because with the Sharp BE6510, price is one of the attractive features. LETS TALK — CALL US AT: 612-890-6661 or Toll Free 1-800-328-4827 Ext. 1905 « https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis BA NK ER’S EQ UIPM ENT SERVICE, INC YOUR BANKING MACHINE SPECIALIST SINCE 1937 11561 12TH AVENUE SOUTH BURNSVILLE, MINNESOTA 55337 Supplement to the NWB Weekly Newsletter OVER 60% OFALL BANKSIN OURMARKETAREAARENOWINSURED BY THE KANSAS BANKERS SURETY COMPANY That’s Right. . . In the nine states we serve we have solved the bonding needs for 6 of every 10 banks. Then's over 16.4% of all banks in the United States THE REASONS. . . SUPERIOR SERVICE MOST COMPETITIVE PREMIUMS REALISTIC UNDERWRITING PROMPT CLAIMS SERVICE IF YOU’RE NOT GETTING THE SAME FROM YOUR BONDING COMPANY... GIVE US A CALL - YOU’LL BE GLAD YOU DID. THE KANSAS BANKERS SURETY COMPANY DONALD M . TOW LE President DAVID E. ABENDROTH Senior Vice President 611 Kansas Avenue P.O. Box 1654 Topeka, Kansas 66601 Phone 1-913-234-2631 FINANCIAL INSTITUTION BONDS, SAFE DEPOSITORY LIABILITY, CHECKS KITING FRAUD INDEMNIFICATION, DIRECTORS AND OFFICERS LEGAL DEFENSE AND LIMITED INDEMNITY POLICIES https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Serving the Heartland of America since 1909 OVER 60% OFALL BANKSIN OURMARKETAREAARENOWINSURED• BY THE KANSAS BANKERS SURETY COMPANY That’s Right. . . In the nine states we serve we have solved the bonding needs for 6 of every 10 banks. That's over 16.4% of all banks in the United States THE REASONS. . . SUPERIOR SERVICE MOST COMPETITIVE PREMIUMS REALISTIC UNDERWRITING PROMPT CLAIMS SERVICE IF YOU’RE NOT GETTING THE SAME FROM YOUR BONDING COMPANY... GIVE US A CALL - YOU’LL BE GLAD YOU DID. THE KANSAS BANKERS SURETY COMPANY DAVID E. ABENDROTH Senior Vice President DONALD M . TOW LE President 611 Kansas Avenue P.O. Box 1654 Topeka, Kansas 66601 Phone 1-913-234-2631 FINANCIAL INSTITUTION BONDS, SAFE DEPOSITORY LIABILITY, CHECKS KITING FRAUD INDEMNIFICATION, DIRECTORS AND OFFICERS LEGAL DEFENSE AND LIMITED INDEMNITY POLICIES https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Send Your News Today to the NORTHWESTERN BANKER TELL US ABOUT. . . 1535 Linden Street, Suite 201 DES MOINES, IOWA 50309 Staff Changes Business Campaigns Mergers, Consolidations New Departments at the Bank Remodeling or New Building BANK ................................... ...................................................... OFFICER ........................................................................ TITLE https://fraser.stlouisfed.org CITY Federal Reserve Bank of St. Louis STATE Open Houses Anniversary Parties Deaths or Retirements Speeches Made by Bank Officers Special Announcements to the Public 4 SEEKS CHANGES.. . (Continued from page 1 ) tremely concerned” about the notice-requirements proposed for in stitutions that choose to give nextday availability and to place holds on a case-by-case basis. ABA said this aspect of the Fed's proposal “is too impractical to be useful and will discourage next-day availability policies.” Some of the other comments of fered by ABA included: • In addition to the example pro posed by the Fed, ABA recommends adding a second example for the “expeditious” return of dishonored items that would allow “return of checks in any fashion so long as the check would ordinarily reach the depository bank w ithin. . . two days for local checks and three days for non-local checks. . . ” • Deleting the option that banks send a notice rather than the actual check for return-items of less than $2,500. • Asking the Fed to develop cen tralized directories to help banks determine where to route returned checks and notices of non-payment. • Changing the definition of when night-depository deposits are received to “when they are removed by the depository bank.” • Simplifying the definition of new accounts and repeatedly over drawn accounts. • Allowing banks to mail one single notice when funds are delayed for repeated overdrafts or large deposits. □ ABA Pres. Charles Pistor Resigns Dallas Bank Job Charles Pistor, president of the American Bankers Association, has resigned as vice chairman of First RepublicBank Corp., effective April 15. Mr. Pistor, 57, will continue as ABA president so long as he re mains in banking. The board of directors of FDIC announced March 17 it is advancing $1 billion to subsidiary banks of First RepublicBank Corp. “to pro vide stability to the First Republic system while a solution to its pro blems is developed.” FDIC said “The advance is in the form of a sixmonth subordinated note, bearing interest at the six-month Treasury bill rate, plus 50 basis points. The note is guaranteed by First Repub licBank Corp. and collateralized by a pledge of certain assets of the holding company.” It was stated that “the Comptroller of the Cur rency, the primary regulator, sup ports this transaction.” Following announcement of Mr. Pistor’s plan to leave First Repub licBank, the FDIC said it did not ask for Mr. Pistor’s resignation and is not planning any management "Professional assistance in hiring and career advancement" changes as it seeks a buyer for the bank. Mr. Pistor had indicated ^ many months ago his desire to take early retirement from the bank. RepublicBank Corp. in 1987 bought InterFirst Corp. of Dallas to form the First RepublicBank Corp. ^ Continuing loan problems that have plagued the area made the loan as sistance mandatory to the subsi diary banks. Nebraska News Under a provision in LB 996, Nebraska state banks will be author ized to own stock in the Federal Agricultural Mortgage Corporation • (“Farmer Mac”), the new secondary^^ market for ag real estate loans, up t o ^ p five percent of capital and surplus, undivided profits and unencum bered reserves. This bill amends Sec- ® tion 8-148 of the Revised Nebraska Statutes and has been passed and signed by Governor Orr. Congress is expected to authorize such invest ment by national banks in technical • corrections legislation in the near future. LINCOLN: Among recent promo tions at FirsTier Bank Lincoln was f the naming of Donna M. Dudney to vice president/public finance in the municipal and government bonds division and Robert D. Tredway to vice president/trust investments in 0 the tru st division. Ms. Dudney joined the bank in 1985 and previ ously was assistant vice president/ public finance. Mr. Tredway joined FirsTier in 1981 and was serving as # assistant vice president/trust in vestment officer. quality service by experienced professionals FOR SALE 525 Merle Hay Tower Des Moines, Iowa 50310 515-276-1151 Jean Eden Sandi Garner 515- 276-1151 515- 832-1258 Tues / Wed / Fri Confidential. Fees Paid by Employer. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RECONDITIONED BRANDT Coin Sorters-Counters BRANDT Currency Counters New Warranty 402-571-5577 5 F irsT ier Correspondent Services ^ i? More o f what it takes to serve you well. ^ FirsTier. B an ks Lincoln • Omaha FirsTier Bank, N.A., Lincoln and FirsTier Bank, N.A., Omaha, Members FDIC NBA Nominees for ’88-’89 Announced HE Nebraska Bankers Associa T tion Nominating Committee, chaired by Past President Kelly Hol^ ^ # • • £ # • thus, has nominated James F. Nissen, chairman and chief executive of ficer of Vistar Bank, Lincoln, as NBA President-Elect for 1988-89. Bankers were also nominated to fill upcoming vacancies on the Executive Council. They are: Group 1—Rodney P. Vandeberg, president of First National Bank & Trust Co., Falls City (nominated for a full term, having served a partial term). Group 3—Gary R. Condon, presi dent of the Pender State Bank, Pender (to succeed Eldon Fox). Group 4—Don A. Brockmeier, executive vice president of Farmers State Bank, Eustis (nominated for a full term, served a partial term). communications for First Bank Sys tem, Inc. She has been with FBS since 1983 and most recently served as assistant vice president and ac ting head of public relations. MINNEAPOLIS: Norwest Corpora tion has promoted Sara J. Grady to vice president, human resources development. She was director of training and development and joined Norwest Bank Minneapolis in 1978, transferring to the corporate office in 1984. Group 5—Dale E. Pohlmann, presi dent of The Ravenna Bank, Ravenna (to succeed Homer Pierce). Group 6—Frank L. Tolstedt, presi dent of the Guardian State Bank & Trust Co., Alliance (nominated for a full term, having served a partial term). Group 7—J. William Henry, ex ecutive vice president of First Na tional Bank of Omaha (to succeed Dennis O’Neal). Group 8—Ross E. Hecht, president of Lincoln State Bank (to succeed Alice Dittman). Group 8—Dale L. Young, executive vice president of FirsTier Bank Lin coln (to succeed Orrin Wilson). The slate will be submitted to the NBA membership for election dur ing the 1988 annual meeting May 20 in Omaha. controller and manager of the ac counting division. The two joined National City Bank in 1977 and 1974, respectively. Illinois News CHICAGO: A t Affiliated Bank I North Shore National, Gerrie M. Smith has been promoted to senior vice president and cashier, and Leon K. Goldstein has been advanced to vice president/business develop ment and assistant to the president. Ms. Smith previously served as vice president and cashier. Mr. Goldstein was assistant vice president/busi ness development. FRANKLIN PARK: A t Affiliated Bank/Franklin Park, Ronald G. Zemont has been promoted to vice president/business development and Gregory F. Sirotzke has been ad vanced to vice president/operations. Both previously served as assistant vice presidents. MINNEAPOLIS: Among recent Colorado News promotions at National City Bank was the naming of Paul J. Brewer to ENGLEWOOD: At First Interstate vice president and manager of pen Bank of Englewood, Karen Lind has sion and profit sharing division, and been appointed vice president. She Donald E. Ferroni to vice president, has been with the bank since 1980. Appraisals, expert opinions and other management services SW ORDS ASSOCIATES. INC. PR O FE S S IO N A L BAN K IN G CONSULTANTS 2 Brush Creek Blvd. Kansas City, MO 64112 (816) 753-7440 Now the largest regional processor in the Midwest shows you exactly what we provide. If you’re not getting this, you’re not getting what you deserve. Full on-line capabilities for all applications with CIF, G/L and platform automation interface. Guaranteed same day disaster recovery service for your protection, compliance, and peace of mind. 0 Cost effective pricing to meet your needs, f i Free initial and on-going training on all applications, (to name just a few). https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis For more information on how we can help you succeed in meeting your goals, eliminating the concerns inherent in data processing and all at a very cost effective price contact: Dick Ormond Sr. Vice President, Customer Group 1-800-332-5242 (In Iowa) 1-800-421-0059 (Out of Iowa) '-¡T H E ¡BÊCS ! R A N K IN G IS Y S T l 4333 E d g e w o o d Rd n e PO. BOX 1847 Cedar Rapids. Iow a 52406 319/395-6600 A Banks o f lowa suOsidiary 6 SERVING BANKERS IN THE MIDWEST POSITIONS AVAILABLE PRES/CEO needed for a 35MM Bank in a town of 2000. Must have strong Ag background. Metro area one hour drive away. Ownership possibilities. Send resume to File No. WMV c/o Northwestern Banker. (PA) POSITION WANTED FARM MGRJAG LOAN OFFICER. Financial analyst with M.S. in ag econ and member of ASFMRA. Good people skills, motivated, willing to relocate. Contact File No. WMY c/o Northwestern Banker. (PW) CANDIDATE AVAILABLE SUBSTANDARD & NON-ACCRUAL AG CREDIT LINES IN PORTFOLIO? Well qualified, on-the farm banker available for short & long-term assignments to specialize In work-outs with classified accts. Reference available for career perf. as rural bank loan off., plus expr. with FmHA subord. & FDIC. Recent completion of special credit assignment. $25,000 + . MIDWEST PERSONNEL Linda R. Halt RYAN AUCTION CO., INC. Decorah, Iowa 52101 Farm Equipment Specialist Appraisals & Auctions Call Dale Ryan 319- 382-8648 POSITIONS AVAILABLE AG LENDER for a $35 million bank in northeast Nebraska. $22-30« depending on experience. Need 1-5 yrs. in a financial institution involving calling on customers. Need small town & ag background. Prefer degree. Send resume or call: Richard L. Beam, CPC GUMBERT EXECUTIVE EXCHANGE 11246 Davenport Street Omaha, NE 68154 Phone: 402/330-3260 Modular U.L. vaults, vault doors, safe deposit boxes, night depositories, safes, drive-up windows, pneumatic tube systems, alarms, cameras and cash storage equipment. Buying and selling new and used equipment AMERICAN BANK EQUIPMENT, INC. (402) 571-5621 #2 VP Proven professional began career as ND bank examiner. Over 15 years of independent banking, knows how to set up and service a borrower. Degreed, top-notch work out skills, not afraid of a problem situation. Can't wait to dive into a good situation and can make it better. $46«. BRANCH MANAGER Imaginative manager with ability to solve any problem. In surance licenses and cross-selling skills. Currently direc ting a four branch system consisting primarily of retail banks. Consistent performer trained in holding company and proven in independent environment. $30«. RDR FURTHER INFORMATION CONTACT KURT ROSENCRANTS R O B ER T H A LF OF MWM.WC. 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 ALL FEES COMPANY PAID £ f Please contact Lorraine Lear or Malcolm Freeland con cerning these and other Midwest banking opportunities. FOR SALE 1 Diebold 121-44 drive-up counterette; 2 Diebold VATVII drive-up units; 1 Diebold VP-700 alarm system with outside bell, AHD protection, police alarm & accessories; 1 Diebold CL/35 camera system with 2-35MM cameras; 10 sections (500) of Diebold 110 series safe deposit boxes with 4” bases & stainless steel trim on the ends, bases & across the top; 1 2-part programable message in formation center. Contact Mike Casey, Morningside Bank & Trust, Sioux City, IA (712) 276-5331. Executive Search For Bankers SERVING THE UPPER MIDWEST R egency RECRUITERS, INC. Diane Evans 1102 Grand Avenue, Kansas City, MO 64106 816/842-3860 Mark A. Abbey (515) 243-7576 Job Finders, Inc. POSITIONS AVAILABLE 2708 Grand Avenue Des Moines, Iowa 50312 Professionals Serving Banking V.P. COMMERCIAL LENDER— Medium sized bank 1 hour from the TO metro area seeks a Coml Lender with 5 + years exp. Desire strong analytical skills and proven business development ability. To $48«. Job#NW3052 Specializing in the Purchasing and Sale of Banks 515-232-0814 405 Main Ames, Iowa 50010 Donald E. don •’S Holder, Principal chooler in •"Successful Banking is Quality Personnel" EMPLOYEE BENEFITS ADMINISTRATOR One of the few around! Very knowledgeable in EB area having specialized for the last four years. Developed ex pertise in pensions, employee benefits, tax preparation, accounting and investments. Ability to work with cus tomers and provide the highest quality services. $32«. LOAN ORIGINATOR— Newly created position for experienced commercial lender wanting the challenge and opportunity to use marketing skills for career advance ment.................................................. $35,000 + commission. Employer pays fee. AND- je ju n i ASSOCIATES CANDIDATES AVAILABLE REGIONAL TRUST OFFICER— Multi-bank holding com pany needs seasoned trust officer to handle ail trust w o r k ^ ^ for several area banks. Need good marketing skills a n < j^ R | management ability.............................................. T o $40,00(aH ^ Two Ruan Center/Sulte 1000, Das Moines, IA 50309 515/245-3786 c d fo id z i a n d <z^h±oaLate.i. BANK EQUIPMENT A Financial Careers, Inc. Banking Specialist New Hampton, IA 50659 515-394-2325 Call Anytime Highly motivated SR. OPERATIONS OFFICER with 20 yrs. experience seeks equivalent position or EVP In a com munity bank. Proven track record. Contact File No. WNA c/o Northwestern Banker. (PW) POSITIONS AVAILABLE COMMERCIAL LENDER— Banking professional with formal credit training and experience in a large commercial department............................................................. To $50,000. POSITIONS AVAILABLE PRESIDENT, $100mm bank, college town $80,000. C.E.O., S & L, good outstate town . . . $50-$60,000. PRESIDENT $30mm bank, independent, agoriented ......................................................$$50,000. PRESIDENT, $30mm bank, A rated, top earner, non-ag ......................................-..................$55,000. PRESIDENT, $100mm in outstanding loans ........ ........................................................................$75,000. PRESIDENT, $20mm bank, small town, ag related ........................................................................ $50,000. HEAD OF REAL ESTATE, large portfolio .............. ..................................................................$40-45,000. AG LENDER, first class town, bank, management ........................................................................ $30,000. MORTGAGE LOAN UNDERWRITER with F.H.A. Direct Endorsement, college town ........... $35,000. TOP ACCOUNTANT for $60mm bank, strategic planner..........................................................$33,000. CASH MANAGEMENT EXPERT, to handle $3 billion plus ............................................$70-$80,000. DON W. SCHOOLER 2508 East Meadow Springfield, Missouri 65804 (417) 882-2265 ^ AVP—AG LOAN MANAGER—Top performing Central MN bank wants a hard charging Ag Dept. Mgr. Must have 3 + ^ f l ^ years lending exp. and strong selling skills. Part of a M u itj^ ^ B Bank Group. To $37«. Job # N W 3 0 5 3 ^ ^ JR. COMMERCIAL LENDER— Rapidly growing Eastern SD bank seeks a Jr Coml Lender. Ideal candidate will have 1 + years coml lending exp. and formal credit training. To $26«. Job #NW3054. 9 FOR MORE INFORMATION CONTACT PAUL GENTZKOW OR SUE KEITHAHN ROBERT HALF OF M— B 01M .W C. 0 3636 IDS Center Minneapolis, MN 55402 (612) 339-9001 ALL FEES COMPANY PAID POSITIONS AVAILABLE TRUST MARKETING • large urban bank. Requires degree and trust experience. $35« REAL ESTATE LOAN - single fam ily residential and secon dary market experience required. Proximity of major metro ^ area. $40« W LOAN REVIEW - large bank experienced required. Both junior and senior level positions available. $28-$40K COMMERCIAL LENDING - V.P. positions in urban and large suburban banks. Personal portfolios from $20MM to $50MM. $40« BRANCH MANAGER • handle small business and consumer credits. Med-slze com m unity affilia te of multibank holding company. $24« ^ Additional listings for commercial lending and trust officers. Resume’ requested. TOM HAGAN & ASSOCIATES P.O. Box 12346/2024 Swift North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry Since 1970” Vol. 16 No. 51 Northwestern Banker Newsletter (USPS 873-300) is published weekly by the Northwestern Banker Company, 1535 Linden Street, Suite 201, Des Moines, Iowa 50309, (515) 244-8163. Subscriptions $1.00 per copy, $24.00 per year. Second class postage paid at Des Moines, Iowa. Address ail mail subscriptions, changes of address (Form 3579), manuscripts to Northwestern Banker, 1535 Linden https://fraser.stlouisfed.org St., #201, Des Moines, Iowa 50309. Federal Reserve Bank of St. Louis £
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