The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
• April 9,1984 Des Moines, Iowa Vol. 12 No. 51 Citibank Invades Twin Cities, Omaha ^ a a 0 # # # # cards, referrals to its Person-to-Person (industrial loan and investment company) office in Omaha, etc. The Council,” an N BA release said, “ authorized official N BA support of any opposition to such a move by Citicorp... to ward expanding into the Nebraska bank market in the man ner indicated.” The activities listed in Citicorp’s application to the Fed on March 14 for such authority would be to estab lish subsidiaries to acquire any types of loans, sell credit insurance products, perform industrial bank activities, acquire sales finance con tracts, sell its consumer products, and make mortgages. □ TP WO major metropolitan areas in rently pays 8% interest, com I the upper midwest—the Twin pounded daily; CDs have a mini Cities and Omaha—have been tar mum o f $500 in assorted maturities. geted by expansionist-minded Citi The account includes a MasterCard; bank of New York for introduction a personal line of credit up to of further personal banking services. $25,000 may be opened, and mort Through its Citibank South Dakota gage loans will be made. Discount in Sioux Falls, which was chartered brokerage service is supposed to be in recent years with the help of Gov. in place in May. Credit insurance is William Janklow, purportedly as a available. Cost for the CFA is $2.67 a “ shadow” bank for credit card oper ations purposes, Citibank is now month— $32 annual. While the announcement was be spreading out into surrounding states seeking day-to-day banking ing made in the Twin Cities March business from other banks’ custo- 28, the Minnesota Senate Economic Development and Commerce Com mers. In the announcement of the Twin mittee was debating a bill that Cities venture, which was duplicated would have allowed interstate own Iowa News in Tampa, Fla., and Atlanta, Ga., on ership of banks through regional in A delegation of officers and mem the same day, Citibank said it is of- terstate banking. That night, the fering its Citibank Financial A c committee voted down the bill, pro bers of the Iowa Bankers Associa count to area residents simply by posed by Minnesota Gov. Rudy Per- tion is in Washington, D.C., this using a toll-free W ATS line to Sioux pich, by 9-6. A similar bill died ear week making its annual visit to fed Falls headquarters, thus obviating lier in the Iowa and Nebraska legis eral regulatory offices and to the Iow a delegation o f C ongress. the current ban on branching or in- latures. Minnesota bankers didn’t like the Among matters being discussed is terstate banking. While the press conference announcement was being invasion by the nation’s largest an IB A proposal to Vice President made, a media blitz was informing bank, but said there is little they can George Bush and to the Fed Board Twin Cities residents of the avail do about it since there is no ban on that would permit the USD A and draining the state’s deposits away IRS to take steps to aid farmers in ability of the account. The CFA reportedly has more to another state by telephone, mail their comeback from the disasters of the past several years. Am ong the than 50 financial products and ser or advertising methods. The Nebraska Bankers Associa suggestions is the idea to have the vice options available with one con solidated monthly statement. It soli tion earlier learned that Citicorp IRS allow farmers to sell their ac cits checking deposits on which a plans to open five offices in the cumulated capital losses or invest 7% rate is paid on $2,500 balance or Omaha area “ for the purpose of ment tax credits to investors, simi more; 5 Va % on balances less than opening bank or bank-like services, lar to current “ safe harbor leases.” $2,500; the CitiSavings account cur including the servicing of credit It was stated this could bring bil- C A L L O N T H E “P E R F O R M A N C E T E A M ” where com m on transactions are handled uncommonly well. FIRST NATIONAL LINCOLN ‘ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 13th & M Street Lincoln, Nebraska 68501 • Member, F.D.I.C. Norwest Bank Des Moines, N.A. Call (515) 245-3131 or toll-free (800) 362-2514 NORWESTBANKS Member FDIC T e a m w o rk : one o f the reasons w e ’re first in Iow a. Bernie Kersey Dorothea Wolfe lions into agriculture and the farmer would get necessary capital. * * * A one-day microcomputer semi nar for banks will be presented by Financial Systems, Inc. on three dif ferent days in April: April 17—Stouffer’s Five Season Hotel, Cedar Rapids; April 18—Des Moines Marriott Hotel, and April 19—Hilton in Sioux City. Registration for the seminar will begin at 8:30 a.m. with the program running from 9:00-3:30. For more in formation and registration contact the Iowa Bankers Association. DES MOINES: Norwest Bank Des Moines, N.A. has announced the ASK JE R R Y TR U D O to m ake M NB work for you. Toll free 1- 800 - 332-5991 Merchants A National Bank IS I Member F.D.I.C. A ‘BANKS OF IOWA’ BANK https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis promotion of James W. Woodsmall to vice president, card services. Mr. Woodsmall joined the bank in 1982 and was named second vice presi dent later that year. INDEPENDENCE: Craig K. Coff man has joined Security State Bank here as assistant vice president in the loan department. He previously was a bank examiner with the Fed eral Reserve in Chicago for four years. STANHOPE: Bob Van Diest and his wife of Webster City have pur chased the Farmers State Bank in Stanhope from the John A. Walker family. Mr. Walker will be remain ing with the bank in an interim per iod as president. Jeff Plagge has been named executive vice president and managing officer. He currently is area vice president of PCA and has managed the Webster City branch the past three years. Mr. Van Diest and Norman Skadburg, president of the First State Bank, Webster City, have been named to the board of Farmers State. Mr. Van Diest plans to apply to the State De partment of Banking and the FDIC to merge First State Bank and Farmers State Bank. Upon appro val, the merged First State Bank will operate offices in both Stanhope and Webster City. Nebraska News ALLEN: First Laurel Security Co., of Laurel, has received approval from the Federal Reserve Bank in Kansas City to acquire Security State Bank of Allen. First Laurel Se curity is also the bank holding com pany for Security National Bank of Laurel. A new president is expected to be named in the near future. OM AH A: Shareholders o f First Na tional Lincoln and Omaha National Bank voted in excess of the required two-thirds majority needed to au thorize officials o f the holding com panies for the two banks to merge their operations under the name of FirstTier, Inc. The formation of FirstTier had been announced sev eral months ago, uniting the state’s two largest banks under one holding company, as authorized by the 1983 Nebraska legislature, which passed enabling legislation for multi-bank activity. The Fed Board needs to ap prove the merger and this is antici pated soon. O M AH A: Omaha National Bank has been selected as the official credit card processing for telemarketing sales of Olympic commemorative coins issued by the U.S. Mint. The telem arketing program , which began on March 24 in some U.S. cities, will spread nationwide and continue into the fall. A 1983 and 1984 silver dollar will be sold at $32 each. A $10 gold coin will be in cluded with the two silver coins in a three-piece set for $416. SCOTTSBLUFF: Don L. Smith has been promoted to executive vice president o f Scottsbluff National Bank. He will be responsible for su pervision o f loan activity, loan offi cers, bank operations and bank in vestments. He is also presently sec retary of the board. Minnesota News The Minnesota Bankers Associa tion lending committee will sponsor an in-depth workshop on loan docu mentation and analysis o f article nine of the Uniform Commercial Code April 11 at the Radisson South in Bloomington. Developed by the Professional Education Group for M BA, the pro gram will be conducted by John Moye, a partner in the Denver Colo., law firm of Head, Moye, Carver, and Ray, and a professor of law at the University of Denver College of Law. AD RIAN : Howard W. Meyer has been promoted to executive vice president of Adrian State Bank. He formerly was vice president and loan administrator for the bank. M INNEAPOLIS: William A. Laing has been named senior vice presi dent in charge of the retail division of F&M Marquette’s Southdale and SERVING PROFESSIONALLY Banking, Financial & Business Personnel Iowa and Nationwide CAPITAL PERSONNEL SERVICE 714 U.C.B. Building, 515-283-2545 Des Moines, Iowa 50309 Supplement to Northwestern Banker Newsletter 4-9-84 . There's no substitute for finely-tuned investment hen it comes to investm ents— long-term or short-term —nothing outperform s quality. And when it com es to quality, no one beats the outstanding track record of United M issouri’s Investm ent Banking Division. Sound bond portfolio recomm endations are our business. They have been since the 1920’s. You can rely on our ability to adapt in this changing financial world. Today and tomorrow, your bond portfolio w ill benefit from our consistently high standards. Call or w rite United M issouri Bank today. W e’ve m astered the a rt of quality. lb Investment Banking Division UNITED MISSOURI BANK of Kansas City n.a .I U nited we grow. Together. 1Oth and Cirand >■P.O. Box 226 Kansas City, Missouri 64141 o (816) 556-7200 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis S £ ® ^ ^ # # ^ 0 B rook d a le d etach ed fa cilities. Before joining the bank, Mr. Laing was president of Marquette Bank and Trust Company in Rochester. MINNEAPOLIS: Michael R. Hogan has been named senior vice president, business development, of FBS Insurance. Mr. Hogan most recently was an engagement manager at the consulting firm o f McKinsey and Company, Inc., in Chicago, 111. M INNEAPOLIS: Jack V. Pederson and Roger L. Scharton have been named vice presidents by First Bank Minneapolis. Mr. Pederson joined the bank in 1981 in the business owners section. Mr. Scharton has been serving in the executive and professional banking center. REDWOOD FALLS: Thomas A. Hollatz, president of the Farmers State Bank, has announced the elec tion of Richard L. Mell as vice presi dent. Mr. Mell most recently was as sociated with the Franklin State Bank. ST. PAUL: First Bank Saint Paul has elected Fenwick C. Atwill as ex ecutive vice president. He will develop and direct a new credit adminis tration function. He retired Febru ary 29 as executive vice president in charge of the credit administration department of First Bank Minneapolis, his employer since 1946. North Dakota News # • S The North Dakota Bankers A sso ciation Agriculture and Consumer Credit Committees, under the leader ship of Frank Keogh of First BankFargo, and Dick Klein of First BankBismarck, have completed plans for the 1984 A g Credit and Consumer Credit Conference to be held May 8-9 at the Sheraton Riverside, Minot. There will be two joint sessions, starting with the keynote address by Dr. Sung W on Sohn, economist with Norwest Bank Minneapolis. The second half of the conference will be a joint session on “ Negotiat ing for Positive Banking Relation ships” with Larry Cipolla, president of Cipolla Companies Inc., Edina. In between the joint meetings, there will be concurrent sessions from which bankers may choose. The consumer credit track will feature a presentation on the “ Fu ture of Consumer Lending” by Bill Adkins from the First National Bank in Topeka, Kan. Robert Dye from the Financial Shares Corpora tion, Chicago, will give an in-depth look at loan pricing and related topics. A t the same time, the agricultural credit track will start off with the status of the 1984 federal farm pro grams by Richard Goldberg, a North Dakotan who is now Deputy Under-Secretary for International Affairs and Commodity Programs with the U.S. Department of Agri culture. N D B A ’s attorneys will then present a follow-up on what banks should be doing to comply with the 1983 law on secured transactions. The agricultural segment will finish with a comprehensive look at selling fee-based services to farmers by Lonnie Parsons of the Western State Bank, Devils Lake. dent in loans at the bank and previously was with First Wyoming Bank - Rawlins. Montana News Following is a tentative list of dates and locations for the 1984 M ontana Bankers A sso cia tio n group meetings. May 5—Group 7A, Big Timber; May 10—Group 1, Harlem; May 1 1 —Groups 5A, 5B and 6, Co lonial Inn, Helena; May 12—Group 2, Elks Lodge, Sid ney; May 19—Groups 3A and 3B, Elks Club, Poison, and June 2—Group 4, Cottonwood Inn, Glasgow. Wisconsin News RACINE: Gordon O. Chapman has been named president of Farmers & Merchants Bank and to the board of directors. He succeeds Richard H. Smith, who died last December. Mr. Chapman previously was executive vice president of Citizens Bank of Clinton. RICE LAKE: Dairy State Bank of Rice Lake recently announced the promotions of Diane Aeschlimann and Coleen Hillskotter to vice presi dent status and Bernadette Fitz gerald to assistant vice president. MINOT: First Bank Minot has elected James R. Winter as senior SH AW AN A: Phillip D. Nelson has vice president - second officer and joined the Citizens State Bank here promoted Edward Everts to vice as first vice president, with commer president, operations officer and cial lending and administrative re cashier. Mr. Winter has held his sponsibility for the loan depart most recent position as vice presi ment. Mr. Nelson formerly was a se dent - second officer at First Bank nior vice president at Rock County Valley City since 1979. Mr. Everts National Bank o f Janesville. has been at the Minot bank since STOUGHTON: Lloyd Hensel has 1978. been named president o f First Na tional Bank here. He replaces John Wyoming News Sphatt who retired as active presi H ANNA: Charles R. Besel has been dent. Mr. Hensel has served as the appointed president of the First bank’s chief executive officer since W yoming Bank in Hanna. Mr. Besel January 1 of this year. He joined the most recently served as vice presi bank in 1966. SPRENGER, ROWLAND AND Getting MESSINA it done for you. ^ ^ Bill Sprenger 234-2625 Frampton Rowland 234-2485 John Messina 234-2486 nm Commerce Bank of Kansascity https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis M E M B E R FD IC T o lan hnn o (816) A\ OTd-Onnfl Telephone 234-2000 w ® W ANT ADS Rates tire $5.00 per line per insertion. Add $3.00 for file letters per insertion. Identity of file letter advertisers cannot be revealed. NORTHWESTERN BANKER Ag Banking Personnel Let us help you. Call the ag lending personnel specialists without cost or obligation. Confi dential. Employers pay us to hire the best. 306 15th Street Des Moines, Iowa 50309 Phone 515/244-8163 AG LOAN OFFICER—progressive bank group looking for ag lender in $65 m illion bank in Boone, IA. Prefer 5-10 years banking experience. Salary commensurate w ith ex perience. Send resume to Jack Ayres, P.O. Box 486, Bellevue, NE 68005.__________________________________ (PA) REAL ESTATE LOAN OFFICER — The Hills Bank and Trust Company has an excellent opportunity for the right person to head our real estate loan department. Minimum three or four years experience required - to process FHA, VA loans and to handle loans on secondary market. We are a $142 m illion bank with tw o locations serving the Iowa City area. Interested candidates should send resume In confidence to: Gordon Hinz, H ills Bank and Trust Company, 131 Main Street, Hills, Iowa 52235. (PA) EXPERIENCED TRUST OFFICER to head small but growing department in progressive $65 m illion Iowa bank. Law degree a plus, but experience may substitute. Estate plan ning, employee benefits, and marketing knowledge re quired. Salary to $34,000 plus benefits. Send resume and salary history to file WAP, c/o Northwestern Banker. (PA) MORTGAGE LENDER—Central Iowa bank seeks a suc cessful motivated residential lender w ith 3-5 years experi ence in marketing and closing of residential loans. Com petitive salary and benefit package available. For confi dential consideration, please send resume and salary his tory to file WAQ, c/o Northwestern Banker. (PA) LOAN REVIEW POSITION— Must be experienced in com mercial and ag loans. Light travel. Office in Twin Cities metro area. Salary open. Excellent opportunities for ad vancement in growing organization. Send confidential resume to file WAR, c/o Northwestern Banker. (PA) INVESTMENT ANALYST— New position, opportunity in re gional banking group for brokerage - licensed and experi enced analyst, w ith 5 years experience as investment analyst w ith emphasis in equity analysis. Send resume to Mike Walts, Sr.V.P., A ffiliated Midwest Bancs, Inc., 100 American Plaza, Bellevue, N E 68005. (PA) EXPERIENCED LOAN OFFICER—$30 m illion northeast iowa bank needs an experienced ag loan officer for an ex ecutive position. Excellent opportunity for advancement. Salary open. W rite file WAT, c/o Northwestern Banker. (PA) SENIOR LENDING OFFICER—to manage $60 m illion loan portfolio o f commercial, agriculture, real estate and in stallm ent loans. Would prefer college degree and bank lending school background. Ten to fifteen years experi ence. Bank located in excellent recreation area; hunting and fishing abundant. Send resume to file WAS, c/o North western Banker. (PA) Operations Person for $16 m illion bank in northern Iowa. Nice situation for long-term................................................... to $30,000 Sr. Ag Lender for $40 million bank in Central Iowa- Prefer col lege graduate with rather extensive bank record.. to $35,000 Sr. Ag Lender for member of multi-bank holding company in Illinois. Must have proven record and degree......... to $38,000 Linda: 515/394-5827 Jean 515/263-9598 if New Hampton, la. 50659 no answer, 712/779-3567 ■ Massena, Iowa 50853 aqncarers, inc. m J THE ORIGINAL AGRICULTURAL RECRUITER BANK SEARCH 21 ST CENTURY STYLE - NOW Searching for a position in a bank w ill never be the same again. Our Electronic Network has over 500 data term inals in the personnel offices of banks across the country including many of the U.S. largest banks, and local client banks as well. These banks want inform ation about YOU! If you are an executive in a bank now, or have been and earning 18K per year or more and seeking a new career challenge - call us anytime at (402) 333-8248 for further inform ation or to request your resume input packet. R.E.B. & Associates, Inc. Executive Search Consultants 13625 C. St., Omaha, Nebraska 68144 FOR SALE 20 NCR 279-301’S w ith controllers and passbook printers. Eligible for maintenance. All or part. Call Susie Whitten, 1-800-531-5036 (In Texas 800-252-3402)._____________ (FS) SIX (6) 279-301 ON LINE/OFF LINE TELLER MACHINES. C ontinually under maintenance. Call Mr. Norman, (512) 250-0794. (FS) NCR 8251, 128K, 19.6MB, CASSETTE, CRT, ETC. Call Teresa George (512) 250-0794._____________________ (FS) IBM, NCR, DIEBOLD, DOCUTEL NEW & USED ATMs, TELLER, PROOF & COMPUTER HARDWARE. Buy and S e ll. P hone O m aha C o m p u te r E x c h a n g e In c ., 402/333-3203.____________________________________(FS) 50 BANK MICRO COMPUTER PROGRAMS— Franklin/Apple/IBM PC and others. Overview, Sample Reports, Demo Disk. Send $19.95 to: Bankers Elec. Equip. Inc., 380 N. Wal nut, Grand Island,NE68801 .P h o n e 308/384-5995. (FS) Number Two person for northern Iowa community bank. Should be ag-oriented and know ag lending/operations.. . . .................. ............................................. ............ to $35,000 Ag Lender for eastern South Dakota bank, located near ma jor population area....................................................to $30,000 Number Two person for community bank near Des Moines. Must be experienced in lending/operations.......... to $33,000 Commercial Lender with general bank experience for $50 million bank in northwest Iowa................................... SalaryOpen. Write or call in confidence to Malcolm Freeland, c/o Freeland Financial Service, Inc., 1032 Carriers Bldg., Des Moines, la. 50309. Phone (515) 282-6462. Employers pay fee. Six weeks spread throughout each year in your own luxurious townhome near Keystone, in the heart of Ski Country. 1/8 FEE SIMPLE OWNERSHIP Two bedroom, two and a half bath, fireplace, garage, hot tub in enclosed atrium area. Fully furnished, including washer and dryer. Purchase price $33,900. Dwayne S. Smith PARADISE PROPERTIES Box S Dillon, Colorado 80435 Phone today, 1-800/922-2590 CORRESPONDENT BANKER We are looking for someone with 3-5 years of com mercial lending experience to work in our corre spondent bank area. Additional requirements are correspondent banking experience (or extensive AG lending experience) and a college degree with at least 1 year of accounting. For more inform a tion phone Mary Nerhaugen 612/341-6579. F & M MARQUETTE NATIONAL BANK 6th & Marquette Minneapolis, MN 55480 Affirmative Action Employer (PA) Estate Appraisals POSITIONS AVAILABLE Purchase of Collections ASSISTANT VICE PRESIDENT, AG LOANS—college degree plus “ hands on” farm operations experience. Credit experience necessary, but banking experience not essen tial. Excellent career opportunity. Contact James C. Sodey, EVP, Hawkeye Bank and Trust, Spencer, IA. Phone 712/262-1940. (PA) Sale of Rare Coins Reliable and respected service for over 20 years Used by bankers throughout the midwest WILL GRADUATE May, 1984, from University of Wyom ing w ith B.S. in Farm and Ranch Management. Through management-oriented studies I offer special skills in Futures Market, and working knowledge of computer lan guages: Basic, Fortran, Cobol. Reared and worked on Iowa farm. John R. Lighty, 1415 Gibbon St. #34, Laramie, Wyo. 82070,307/742-4664 until May 15. Permanent address: R.R. 2, Box 40, Delhi, la. 52223,319/926-2775.___________ (PW) Jr. Ag Lender for member of multi-bank holding company in Illinois. Prefer minimum two years bank experience........... ....................................................................................to $28,000 Data Processing Manager for $90 million bank in Illin o is----................................... .............................................to $35,000 LOAN OFFICER—$60 m illion bank in SE Iowa has posi tion available with 3 to 5 years bank experience In lending, w ith emphasis on agriculture. Please send resume and salary history to file WAU, c/o Northwestern Banker. (PA) POSITION WANTED Commercial Lender with 2 years experience - for Lakes Area bank. Training and background im portant............. to $25,000 Commercial Lender for $50 m illion bank in college to w n . . . . ....................................................................................to $40,000 POSITION AVAILABLE EXPERIENCED TRUST OFFICER to form and head a trust department in a $200 m illion financial institution. Position requires law degree w ith approximately 5 years experi ence in all phases of trust services. Applicants should be aggressive and personable in order to be considered. Ex cellent benefits and salary commensurate w ith experi ence. Send resume, salary history and requirements to file WAH, c/o Northwestern Banker. Alt inquiries confidential. AN EQUAL OPPORTUNITY EMPLOYER.____________ (PA) POSITIONS AVAILABLE Commercial Lender for $95 m illion eastern Iowa Bank, Knowledge of ag loans a p lu s ...................................$35,000 Ben E . Marlenee Coins 913 Locust Des M oines, Iowa 50309 515-243-8064 COMMERCIAL/AGRI LOAN - $50MM com m unity bank seeks experienced commercial lender w ith some ag background to manage loan portfolio. $35,000 CASHIER - $30MM rural bank close to large city. Supervise operations and handle all regulatory reporting. $28,000 PRESIDENT - for medium size a ffilia te in major Missouri holding company. Must have strong agri loan experience and proven adm inistrative skills. $ Open OPERATIONS OFFICER • $20MM com m unity bank close to resort area. Knowledge of regulatory reports and per sonal function a plus. $22,000 INSTL/COMMERCIAL LOAN - lending experience in small com m unity bank environment desired. Good opportunity for advancement. $25,000 All inquiries confidential. A resume and salary history re quested. TOM HAGAN & ASSOCIATES P.O. Box 12346 - 2024 Swift North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry Since 1970” Vol. 12 No. 51 Northwestern Banker Newsletter (USPS 873-300) is published weekly by the Northwestern Banker Company, 306 Fif teenth Street, Des Moines, Iowa 50309, (515) 244-8163. 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
@FedFRASER