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Vol. 9 No. 50 Des Moines, Iowa April 6,1981 Plan Hearings On Money Market Funds EARIN G S on money market funds will be held by the House Banking, Finance and Urban Affairs Committee starting W ednesday, April 8, according to U .S. Represen tative Jim Leach, Iowa’s Congress man from the first district. Representative Leach has intro duced a bill H .R . 1916, known as the “ Financial Industry Equity A ct.” The A ct would authorize the Federal Reserve Board to impose reserve requirements on the assets of open-end investment companies, on the deposits, in transaction accounts, held by persons, other than depository institutions, who offer transaction accounts and on similar financial instruments. Representative Leach feels the money market funds have been particularly damaging to small, rural-oriented financial institutions. A s a result of the drain on funds, local borrowers are being forced to turn to the federal government to provide credit for the purchase and operation of farms, home m ortgages and other needs. Some 100 funds throughout the nation have expanded to a record $105 billion in total assets. In one recent week, more than $3 billion were placed in money market funds. Senator J ake Garn, chairman of the Senate Banking Committee, is reported to be considering legislation similar to that proposed by H Representative Leach, but there has been nothing introduced at this time. Pressure Grass roots pressure from com munity banks and the Independent Bankers Association o f America is continuing, but opposition is com ing from brokerage firms and large money center banks. To offset some of the arguments in the Leach bill, some money market funds are starting to purchase large CDs from smaller banks. Novel Approach The Independent State Bank of Minnesota, an arm of the Indepen dent Bankers Association of Minne sota, has offered money market funds an alternative to purchase large CDs from money center banks. A total of $31.7 million has been pooled from community banks and savings and loan associations in the last six months and sold to eight large funds. Community banks and S&Ls in Minnesota, Ohio, W isconsin, M is souri, Kansas, Indiana and California are participating. In the next “ go-around,” banks in Oklahoma, Massachusetts, Iowa and Nebraska may join the group. D .D . Lee, investment officer for Independent State Bank, says that all money is insured either by FDIC or FSLIC because no more than $100,000 is offered by an individual bank to any specific fund. Mr. Lee says that with the current legislative pressure to place reserve require ments on money market funds, he is receiving responses from a number of additional funds. He feels that his bank’s innovative approach is assisting smaller institutions acquire funds to meet their seasonal lending needs. On a state level, the Kansas House of Representatives last week passed a bill that brings money market mutual funds that offer checklike services under the jurisdiction of the state banking commissioner. Iowa bankers have a bill drafted—but feel that it is too late in the session to get action. Utah passed a bill in the senate—but it was defeated in the house. A t their scheduled meeting on March 26 in W ashington, D .C.,m em - ASK TERRY MARTIN to m a k e M N B w o rk fo r you. Toll fre e : 1-800-332-5991 Merchants National Bank m Member F.D.I.C. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A BANKS OF IOWA' BANK 2 Bob Buenneke IOWA. Proposals The only action the DIDC actually came up with in regard to the MMF situation was to offer two proposals for 30-day comment: 1. Lift the interest rate cap on 2lA -year small saver CDs. 2. Over a 5-year period, begin to Sharon Trimble phase out the interest rate ceiling on time deposits. The first year, the interest rate ceiling would be lifted on An Affiliate o f Northwest Bancorporation BANCO*’ CDs of five years or more; the second Call (515) 245-3131 or toll-free (800) 362-2514 year it would lift the ceiling on CDs o f four years, and so on until all ceilings would be lifted after five years. This back to Tuesday. That auction takes formalizes the Congressional man place late on Monday and previously date to DIDC to eliminate Reg Q in allowed a bank customer until six years. Thursday to determine if the customer wished to renew a six-m onth CD at the old rate or the Fort Dodge to Host new rate. The effective date for the new IAC Meeting Tuesday cutoff date is April 7. So The Iowa Autom ated Clearing that banks may have the necessary house will hold an operational rate information in time for Tuesday meeting at the Starlite Village in Fort morning business nationwide, the Dodge, April 7 and 8. American Bankers Association will Designed for tellers, bookkeepers, have that information on its and personnel dealing with the nationwide toll-free W ATS line all public, it will start Tuesday at 5:30 night M onday and throughout p.m ., and a dinner meeting will be Tuesday. That A B A toll-free number held at 6:45 p.m . Executive officers is 800-424-2871. That W ATS number are encouraged to attend the dinner. then will return to its usual 8 a.m . to 8 A program will follow from 7:45 p.m . p.m . hours commencing with Tues until 9:30 p.m . day night, giving callers a quick Registration will start again on rundown on pertinent data or W ednesday at 8:30 a.m . An legislation from W ashington. Similar operation workshop will be held from information on the new rate may be 9:00 a.m . until noon. Following a obtained from any of the 12 Federal luncheon, the workshop will continue Reserve Banks and they will until 4:30 p.m . Registration fee is $50 probably have toll-free W ATS lines. for the session; $15 for the dinner only, and $60 for both. Team w ork: O ne of the reasons we’re first in Iowa. M em ber FDic bers o f the Depository Institutions Deregulation Committee met to con sider what action to take about pro posals from banking groups and individual bankers concerning the big inroads being made into depository institutions deposits by Money Market Mutual Funds. The committee took only one direct action, and it did not confront the issue at hand. They voted to change the effective date of the Treasury 6-month bill auction from Thursday GET THE COMPETITIVE EDGE over savings and loan, credit unions, etc. This “on-premise” system gives you complete inde pendence, competitive flex ibility and control. Bankers Service LOAN ACTIVITY BULLETIN Get tighter instantaneous reporting in every phase of your operation. At the same time reduce your operating costs. A program for your every need — and more. The best banking system in the industry. Who: names of all debtors in the county recorded during the period What: name of secured party When: the date the loan was filed with the Secretary of State Where: location where loan made fa st seb w ce Iowa News A n Advanced ID E A Annuity Training Seminar, sponsored by Iowa Bankers Insurance & Services and Iowa Bankers Association, will be held April 14 and April 22 from 9:30 a.m . to 3:00 p.m . at the Hotel Ft. Des M oines. BETTENDORF: At Bettendorf Thinking about selling your bank? Consult with Homer Jensen or Dick Buenneke M o d e rn B a n kin g S yste m s , Inc. 6818 Grover St., Om aha, Nebraska 68106 (402) 392-0151 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Over 50 years’ banking experience No fee to seller 241 Insurance Exchange Bldg. Des Moines, Iowa50309 Phone: 515-243-7434 Carleton D. Beh Co. 3 Investm ent Bankers/Financial C onsultants NEW ISSUE $ 490,000 CARLISLE COMMUNITY SCHOOL DISTRICT, IOWA General Obligation School Building Bonds Dated: March 1,1981 Denomination: $5,000 Both principal and semiannual interest (Ju n el and December 1, first coupon due on December 1,1981) payable at the office of the Treasurer of the School District, Carlisle, Iowa. IN THE OPINION OF COUNSEL INTEREST ON THESE BONDS IS EXEMPT FROM ALL PRESENT FEDERAL INCOMETAXES AND ALL PROPERTY TAXATION IN THE STATE OF IOWA. MATURITIES $20,000 20,000 25,000 20,000 20,000 25,000 8.50% June 1, 1983 June 1, 1984 June 1, 1985 June 1, 1986 June 1, 1987 June 1, 1988 7.40 7.60 7.75 7.90 8.00 8.10 $ 85,000 85.000 90.000 100,000 8.50% June 1, June 1, 8.70% June 1, 8.85% June 1, 1989 1990 8.25 8.40 1991 8.55 1992 8.70 LEGALITY TO BE APPROVED BY BELIN, HARRIS, HELMICK&HEARTNEY, ATTORNEYS, DES MOINES, IOWA Tbe C arlisle Com m unity School D istrict was organized in 1965 by the merger of the Carlisle Public Schools w ith the Hartford, Butler Creek o u iTiyraxFi lb ,.c , ool s’ and ,s located in the south central part of Iowa. The m ajority of th is land is devoted to agricultural production. The Cities of Carlisle and Hartford are located w ithin the D istrict, and although agricultural production is the predom inant factor in the econom ic base of the D istrict, Carlisle and Hartford have the usual commercial establishm ents associated w ith and serving the needs of a prosperous rural area. The fo u r m ajor industries located in the D istrict are: General M ills (manufacturers of bakery flour, em ployinq 60 persons); Agn-industriea (grain elevator, em ploying 26 persons); Marcon Industries (manufacturer of games, em ploying 10 persons)- and Noland Manufacturing (producing hog waterers, em ploying 12 employees). The Hartford-Carlisle Savings Bank services the D is tric t’with total deposits as of December 31, 1980, in excess of $21,141,600. tk These bonds are being issued under the provisions of Chapter 298, Code of Iowa, 1979, as amended, to pay the costs of building and furnishing an elementary school building (K, 5th and 6th grades) at Hartford. In the opinion of counsel, these bonds are legal and binding general obligations of the Carlisle Com m unity School D istrict, Iowa, and all taxable property located therein is subject to the le w of sufficient taxes to pay the principal of and interest on the bonds w ithout lim it as to rate or amount. FINANCIAL STATEMENT Assessed valuation, taxable property, 1979 (with rollback) Direct debt, including th is issue Total direct and overlapping debt Population, 1980 estimate: 6,055 < j > / o ,* t o o ,o o o Direct debt per capita: Total debt per capita: Area: 43,712 acres Direct debt per acre: Total debt per acre: Tax collections have approximated 99.77% of taxes levied for the past five years. 875,000 1,250,140 $144.51 206.46 20.02 28.60 We own and offer subject to prior sale and change in price and subject to our attorney’s approving opinion: T h e 'nfor^ * ? " snot guaranteed, but Is derived from sources we deem reliable and is that on which our purchase of these bondsare based. Bonds of a particular maturity may or may not still be available or may now be available at a price oryield different from that indicated above. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Des Moines Building • Des Moines, Iowa 50309 • 515-288-2152 4 C A LL O N TH E “P ER FO R M A N C E TE A M ” w here com m on transactions are handled uncommonly well. FIRST N A T IO N A L L IN C O L N 13th & M Street • Lincoln, Nebraska 68501 Bank & Trust C o., Linda Kramer has been appointed manager o f the Brady Bank office in Davenport, and Glen E. Anderson has been named manager of the Cumberland Square office. BLAIRSTOW N: E arlM . Kimm, 71, executive vice president and board member of the Benton County State Bank, died recently. CHARLES CITY: Roger Hoick has been promoted to vice president at Citizens National Bank. He joined the bank in 1978, and works primarily in ag loans. CLEGHORN: Walter W . Clark of Omaha has bought controlling interest in the Cleghom State Bank. Mr. Clark also owns a major interest in the Farmers & Merchants National Bank, Oakland, Nebraska. The sale is subject to regulatory approval. No personal changes are contemplated. COUNCIL BLUFFS: Prom otions at First National Bank include: Stan Duysen to executive vice president, and David Blackman and Patricia Clarey to vice presidents. DES MOINES: Banks of Iowa, Inc., has announced that Ben Schwartz, a director, trusts for certain family members and related interests, owning approximately 21.5% o f its outstanding stock, has filed with the Securities and Exchange Commis sion an amendment to their Schedule 13D stating in part: “ The Schwartz Group is presently considering the possibility o f a private sale of all its holdings of Common Stock as a block at prices deemed attractive to it. No purchaser or purchasers o f such holdings have yet been identified nor is there any assurance that such a purchaser or purchasers will be found or that mutually acceptable terms of sale can be reached. “ The present intention of the Schwartz Group should not be considered to preclude the acquisition of additional shares of Common Stock on behalf of Schwartz Group members or persons associated, affiliated or otherwise related to them, through open market pur chases, private purchases off-themarket or otherwise.” DES M OINES: A group of 122 Iowa bankers and spouses are in W ashing ton D .C. on the annual legislative trip. FORT DODGE: First National Bank has received approval to relocate from 406 South 25th Street to 100 Block o f South 29th Street. M APLETON: Thomas S. Martin was recently named president o f First State Bank. He has been with the bank for the past nine years, m ost recently as executive vice president. Member, F:D.I.C. BLOOMING PR A IR IE : Allan C. Peterson, who purchased controlling interest in the First National Bank in 1967, has announced that he will retire as president. Donald E. Morrison was elected president of the bank. Mr. Peterson was re-elected chairman o f the board. DULUTH: First Bank Duluth has announced the prom otion of Mary Jane Venier to assistant cashier and branch manager of their new Miller Hill office. M INNEAPOLIS: Bernard E. Conlin has been promoted to senior vice president and head of the operations group of First Bank Minneapolis. Mr. Conlin joined the bank in 1958. M IN NEAPOLIS: John H. Kareken, professor of economics at the University o f Minnesota and consul tant and adviser to the Federal Reserve Bank of Minneapolis, has been named to the newly-created Minnesota Banking Chair in the College of Business Adm inistration at the University. Nebraska News AURORA: Glenn Rauert and Dennis SPENCER: Benjamin R. Guenther Dye have been promoted to loan has been appointed vice president of officers at First National Bank and Spencer National Bank. He joined Trust Co., and Jeff Huck has been the bank in 1976. A lso, Monica advanced to operations officer. W esthoff was appointed assistant cashier. CRETE: Promoted at City Bank & Trust Co. are Dale L. Rigby to vice Minnesota News president-real estate and Ruth June ALBERT LEA: A . Robert Langemo to assistant cashier. has been elected to the board of Security State Bank. Mr. Langemo is EU STIS: Gary Buehner, assistant vice president o f Northpark, Inc. and vice president, has been elected to the of Northpark Enterprises. board of Farmers State Bank. FULLERTON: Margaret Russell, vice president of the First National Bank and Trust, is retiring after 43 years of service with the bank. Single System Banking with NOW ACCOUNTS Now! HOW ELLS: Robert D . Ritzdorf has BANKERS PARTICIPATING Bank Data Processing Professionals National Bank o f W aterloo Waterloo, Iowa 50704 Member FDIC https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis I Phone Dick Jung at 1-800-772-2411. I Lease Plan, Inc. 545 - 31st Street Des Moines, Iowa 50312 R. L. “DICK” SELLON been elected vice president o f the Howells Bank. He joined the bank in 1973, and was previously cashier. Gary Stevenson Your Man on the First Team. OM AH A: Dennis R. W ood, president of Packers National Bank, has announced the establishment of annual bank scholarships to be awarded to a young man and a young woman in senior high school. These awards shall be known as the Laddie J. Kozeny Scholarships in commem oration o f his 59 years of service to his community as an employe of Packers National Bank, where he is currently vice chairman of the board. 712/277-1500 Ætm GARY STEVENSON Vice President F irs t N a tio n a l B a n k i n Sioux City • A BANKS OF IOWA’ BANK Montana News South Dakota News ABERDEEN : Paula Jons has been promoted to assistant vice presidentcommercial loans at First National Bank. MOUNT CARROLL: Ervin W . Berg has joined the M ount Carroll National Bank as executive vice president. He was m ost recently vice president of the State Bank of Freeport. This year the Montana Bankers Association’s Flying Circus will reverse its standard route, starting in western Montana and ending up with the final meeting in Billings on May 9. The entire tour will cost $360 per person, or $40 per day. The registration fee will include bus transportation and all receptions and dinners at the group meetings. It does not include room and board and travel expenses. Registration should be made with M BA by April 15. The Flying Circus will depart from Jorgenson’s in Helena at 10:30 a.m ., Friday, May 1. Overnight stops will be made in Dillon, Missoula, Kalispell, Great Falls, Malta, Miles City and Helena. Arrival will be at 1:00 a.m . Saturday, May 9, at Jorgenson’s in Helena. Highlights of the tour will include the Flying Circus Party at The Dump in Kalispell; Group 1 G olf Tourna ment, Marias Valley G olf Club in Shelby; Group 4 G olf Tournament, Sleeping Buffalo G olf Club in Malta; Brubaker Party at Bud and B etty’s in Terry, and several other golf outings and receptions/dinners. ROCKFORD: Jack R. Joyce, senior vice president of City National Bank & Trust C o., has been elected to the board of Rockford City Bancorp, Inc. He joined City Bank in 1968. BILLIN G S: Rimrock Bank of Billings has announced the election of Sally L. Clague to cashier. M s. Clague has been operations officer for the past three years. Illinois News BETH ALTO : Bethalto National Bank has announced that construc tion will begin in April on their new drive-up facility, located on Illinois Route 111 at Airline Drive. The bank will soon be offering customer services at this location through the utilization of temporary quarters. EVANSTON: The Evanston Bank has elected Michael J. McGreal as president and chief operating officer, according to Richard Christiansen, board chairman. Mr. M cGreal has served as executive vice president o f the bank for the past four years. Mr. Christiansen had served as both president and chairman o f the board and relinquished the presidential title to M r. Greal. W e're people you can turn to for investments. For investment services, data processing, ag lending and overlines . . . w e’re the people you can turn to. We’re more than western Iowa’s largest bank. We’re people. 712/277-6526 SECURITY NATIONAL BANK IN SIOUX CITY, IOWA. M E M BER F .D . I. C. North Dakota News BISM ARCK : C .J. “ Jim ” Raaum has been elected president of the Bank of Kirkwood Plaza. He replaces Gerald P. W ilier, who has resigned to become board chairman. Mr. Raaum started his banking career in 1963 and joined the Kirkwood bank as vice president last year. DILW ORTH : Clay County State Bank has announced the appoint ments o f Douglas McKibben, Noel Sletten and Jerry Thompson to vice presidents. M INOT: First National Bank has announced the prom otion of Ralph I. Schreiner from vice presidentcommercial lending to senior vice president-business development. Estate Appraisals Purchase off Collections Sale of Rare Coins Reliable and respected service for over 20 years Used by bankers throughout the midwest Ben E. Marlenee Coins Stephen J . Hatz V ic e President https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RAPID CITY: Lloyd W . Sohl has been prom oted to senior vice president and cashier of the First National Bank of the Black Hills. Mr. Sohl joined the bank in 1969. ) 1980 Security National Bank 913 Locust Des M oines, Iowa 50309 515-243-8064 VEHICLES REPOSSESSED NORTH CAROLINA STATEWIDE SERVICE PARTIAL LIST OF AVAILABLE POSITIONS LENDING - N .W . Iowa bank seeking ag lender with at Since 1922-Field D ivisions “ W anted V ehicle-M issing Persons B u lle tin ” ASST. VP - Large Des Moines bank looking for heavily HOME DETECTIVE COMPANY, INC. experienced commercial lender who has a keen sense of business judgment. $28,000. P.O. Box 11431, Greensboro 27409 (919)299-1641 COMMERCIAL LENDING OFFICER - Must have at WANTADS POSITION AVAILABLE Rates are $5.00 per line per insertion. Add $3.00 tortile letters per insertion. Identity of file letter advertisers cannot be revealed. NORTHWESTERN BANKER 3 0 6 -15th St. Des Moines, Iowa 50309____________ CASHIER-LOAN OFFICER for recently char tered bank in McCook, Nebraska. Excellent potential for an aggressive individual who want to grow with our organization. New building to be constructed this summer. Good sized midwestem town with lots of outdoor sports available. Ability to take full responsibility for all operations a must. Ag, commercial, installment, or casualty insurance experience a plus. Salary commensurate with experience and talent. All replies held strictly confidential. Contact K .H . Niedan, American State Bank, BOX 449, McCook, NE 69001, Phone (308) 345-1555. (PA) SENIOR TRUST OFFICER - Need heavily experienced indiv to come into trust dept and eventually assume full responsibility for trust dept. $21,000. to 25% of capital. Newly chartered bank in central Minnesota. Send resume and financial statement to File MBI, c /o Northwestern Banker.____________ (PA) LENDER - Nebraska bank seeks indiv with ten years of experience in commercial and especially agriculture lending. $25,000 + Must have experience in accounting, regulations, and operations. Some loan experience helpful. Salary commensurate with experience. Inquire in confidence to: R.W. “Dick” Anthony, Valley State Bank, Box 400, Baggs, WY 82321. Phone(307) 383-2025.___________________(PA) BANK AUDITOR for internal audit organization located in Des Moines. Four years or more auditing experience; prefer some familiarity with bank credit card function. Salary commensurate with experience. Attractive employee benefits. Send resume to file MBW, c /o Northwestern Banker._______________ (PA) Large east-central Iowa bank has excellent opportunity immediately available in ag and mortgage lending. Ag cash flow analysis is essential. Outstanding benefits with salary commensurate with qualifications and experience. W rite file MBY, c /o Northwestern Banker._________________________ (PA) The trust department of a major Wyoming bank in Casper, Wyoming, has an opening for an experienced Trust Administrator. Two or more years of Trust Administration experience required. Excellent opportunity with potential for individual growth and advancement in a growth oriented Trust Department. Send resume to Vice President-Personnel, P.O. Box 2799, Casper, WY 82602. ( PA) least 3 yrs experience and ability to run a branch. $23,000. BANK PRESIDENT/C.E.O. with opportunity to invest SECOND PERSON EXCELLENT OPPORTUNITY FOR TRUST ADMINISTRATOR least 2 yrs exp. $18,000. POSITIONS AVAILABLE Ag lender for$15 million bank in S. Dakota . . .$23,000 Number Two person with ag lending experience needed by western Nebraska b a n k .................... $26,000 2ND PERSON/INSTALLMENT LENDER - Need at least 2 yrs of exp handling installment loans, student loans, mastercharge and direct & indirect loans. S17 000 ALL FEES COMPANY PAID. FOR FURTHER INFORMATION RESPOND IN CONFIDENCETO: i l l I Bank Division ♦J f ROBERT HALF I ?▼ 317 6th Ave. Des Moines, IA 50309 (515) 244-4414 otiowa. inc ALL FEES COMPANY PAID FOR SALE NCR Model 32. In working condition. Phone Algonquin State Bank, (312) 658-4535.__________ (FS) $23 million growing high-performance bank with holding company located in upper northwest. Terms to qualified buyers. Call or write Ellis Jones, Broker, Ellis Jones Realty, 205 South Eaton Street, POSITIONS W ANTED Commercial Loan Officers with 3 to 20 years experience seek new opportunities............. $25,000 up CEO of community bank wants greater challenge. Will consider number one or two po sitio n ................ $28,000 Operations Officer with solid experience seeks change due to bank being s o ld ...........................$25,000 Marketing Officer with e xp erien ce.................... $20,000 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. Employer pays fee._____________________ SIXTEEN YEAR BANKER with excellent administra tion operations and lending experience would like a management position. Write to File MBZ, c /o Northwestern Banker.________________________ (PW) cdloCdex an d c^ h ioa ia ts,! Bank Consultants Specializing in Bank Acquisitions 515-232-0614 P.O. Box 450 405 Main Ames, Iowa 50010 D o n a l d E . H o l d e r , Principal Ag Banking Specialists8^ SERVING PROFESSIONALLY Banking,Financial & Business Personnel Iowa and Nationwide Wlwn it com«« to agricultor«, banking and panonnol. . . go to tbo specialist« — go to AGRIcaroort, Inc. CAPITAL PERSONNEL SERVICE Progressiv« bankers pay as to find tbo people they need. 714 Central National Bldg. 515-283-2545 Des Moines, Iowa 50309 AG LOAN O FFICER/INS. M G R ........ IA .$15-20,000 2ND MAN IN SMALL BANK................. N E .$15-22,000 [ ASST. V .P ./ BRANCH M G T................. IA .$16-22,500 INSURANCE MANAG ER..................... N E .$16-19,000 I SALES & MKTG. REP.-FINANCE. . . . N Y . $20-25,000 | COMMERCIAL LENDING O FFICER.. IA .$15-16,000 □ I would like to sell my majority bank stock. □ I would like to buy ma jority bank stock. Ask oar banking specialist. Undo, what's available withoat cost or obligation. Please Contact: J. Mason Henry ■ iqn CAREERS, INC. Charles E. Walters Co., Inc. 39GingerW oods Road, Valley, Nebraska 68064 Phone: (402)553-6400 (5 1 5 )3 9 4 -3 1 4 5 N EW H A M P T O N , IA 50659 I J THE ORIGINAL AGRICULTURAL RECRUITER COMMERCIAL LO AN - $50MM bank located in growing area. Excellent access to major resort area; 3-5 yrs. commercial lending and business development experience desired.........................$30,000 AGRI-LOAN- Opportunity for advancement with $20MM Nebraska bank. Prefer Ag-related degree. .................................................................................. $25,000 TRUST OFFICER- Manage $15MM dept, with good growth potential. Bank is located in north central state. Law degree not necessary......................... $25,000 LENDING OFFICER- Prefer1-2 yrs. general lending or Ag lending experience. $30MM rural bank close to metro area.................................................................$20,000 CASHIER- Primary responsibilities will be internal operations and personnel. Prefer Accounting degree and 5-7 yrs. experience.......................................... $30,000 COMMERCIAL LO AN- Suburban bank— affiliate of major midwestern holding company. Must be marketing oriented................................................. $30,000 Inquiries handled on a confidential basis. Resume’ and salary history requested. TOM HAGAN & ASSOCIATES of Kansas City P.O. Box 12346,2024 Swift North Kansas City, MO 64116 (816)474-6874 SERVING THE BANKING INDUSTRY SINCE1970. Vol. 9 No. 50 Northwestern Banker Newsletter [USPS 873-300] 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 3579], manuscripts, mail items to above address. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
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