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• Vol. 16 No. 17 Des Moines, Iowa August 10,1987 Pres. Reagan Agrees to Sign H.R. 27; 9Secondary Market Bill Advances B OTH the House and Senate last week approved a final version of H.R. 27 and sent it on to President Ronald Reagan by mid-week. The “ President was expected to sign the bill at once and its provisions would become effective immediately. H .R. 27 contains several titles of ^im portance to the banking industry. 9 Am ong them is Title I, which closes the non-bank bank loophole by pro hibiting further chartering o f such banks. Present ones are grand fa t h e r e d as o f March 5, 1987, and ihey may offer only those services and products authorized by the Fed for BHCs; they must confine asset growth to no more than 7% per year, ^ b u t that provision is not effective w for another year. Title II im poses a moratorium on new products and services for banks until next March. a Title III recapitalizes the Federal Savings & Loan Insurance Corpora tion. Congress approved an $8.5 bil lion rescue package, but reconvened and boosted that to $ 10.8 billion as £ requested by the Adm inistration as its price for cancelling a Presidential veto threat. Another provision authorizes ag banks (under $100 m illion assets, 0 25% o f loans in ag, and an ag loan percentage no lower than it had in January, 1986) to amortize loan losses over a seven-year period. A schedule setting forth the num ber o f days in which banks must give custom ers credit for checks also was included. An initial period of funds availability calls for a mini mum o f two intervening business days for local checks; i.e., in same processing region. Non-local will allow six intervening business days. Those rules apply to August 31, 1990, when they will drop to one day for local checks, four days for non local. Both the American Bankers A sso ciation and the Independent Bank ers Association o f Am erica had lob bied heavily to obtain passage of H.R. 27 and its predecessor bills. Secondary Market Bill The House Agriculture Commit tee concluded its work on H .R. 3030 at 2:30 a.m. last Thursday, August 6. That bill contains details for a Farm Credit System refinancing res cue, as well as creation o f a secon dary market for ag real estate loans, which has been pushed hard by both A B A and IB A A in a join t effort. House A g Committee Chairman Kika de la Garza (D., Tex.) had ap pointed a special House Task Force to work out details o f the bill. The secondary market structure the A B A /IB A A Task Force and life insurance companies coalition had wished for was basically adopted. FCS had wanted control o f the board for such a secondary market; however the com m ittee’s proposal would assign three seats to FCS, three to commercial lenders and seven to Presidential appointees. H.R. 2435, which had been proposed initially to create the secondary market as requested by the banking and life insurance interests, was of fered and adopted as an amendment to the FCS H.R. 3030 bill. The com m ittee’s bill also would authorize FCS to securitize sepa rately a number o f their loans other than real estate. This provision would not becom e effective before the ag real estate secondary market became operative. The ag com m ittee’s bill, H.R. 3030, will now go to the House floor when that body reconvenes near Mid-September. Am ong those testifying before the House ag com m ittee on behalf o f the bill were these area bankers: Randy Killebrew, chairman o f the banker Task Force and president, First National Bank, Petersburg, 111.; Paul Lindholm, A B A member of the com m ittee and president, Farm ers & M erchants State Bank, Clarksfield, Minn.; IB A A President Tom Olson, president, Lisco State Bank in Lisco, Nebr., and John Dean, chairman o f the IB A A A gri culture-Rural Am erica Committee and president, G lenw ood State Bank, Glenwood, la. □ F irsT ier More o f what ft takes Correspondent Services to serve you well. ^ ^ ^5 ^ ^ ^ FirsTier Banks Lincoln • Omaha FirsTier Bank, N.A., Lincoln and FirsTier Bank, N.A., Omaha, Members FDIC https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2 ¡¡Bm m Norwest Bank Des Moines, N.A. NORWEST banks Call (515) 245-3131 or toll-free (800) 362-Ï514 Member FDIC H H « mm^mm 7"e a rn w o rk : ■ M l m KSp o n e o f th e r e a s o n s w e 'r e f i r s t in Io w a . John Cretzmeyer » Iowa News JB L Jay Nichols this year’s IB A convention. Appli cations must be received by Sept. 3; they may be sent to Financial Infor mation Trust, M arketing Dept., 907 Walnut, Des Moines, IA 50309. * * * A reminder that the IBA/Collin Fritz & A ssoc, co-sponsored semi nar, “ An Introduction to the Indivi dual Retirement A ccount,” will be offered on Aug. 11 in Iowa City, Iowa Bankers Insurance and Ser Aug. 12 in Des Moines, and Aug. 13 in Storm Lake. Contact the IB A of vices has announced the schedule for Insurance Continuing Education fice to register. Seminars to be held in October. * * * They will cover Life/Accident and The IB A has approved assisting Health in separate sessions, and with a new scholarship program each seminar is worth ten hours of being offered by the Financial Infor continuing education credits. Dates mation Trust o f Des Moines. The and locations are: 12th—H ilton Inn, one-year, $1000 scholarship is of Sioux City; 14th—Sheraton Inn, fered to a student who is either an Cedar Rapids, 16th—Adventureland employee or a relative o f an em Inn, Des M oines. To register, con ployee of a commercial bank. Only tact Charlotte Kraai, IB IS, 104 E. one applicant per bank is permitted. Locust, Des Moines, IA 50308, or The recipient will be announced at call (515) 286-4395. The toll-free watts in Iowa is 1-800-532-1423, and out-of-state is 1-800-247-5065. Dick Retz MNB Correspondent Banker Together We Can Accom plish Great Things Call 319-398-4806 or toll free 1-800-332-5991 Strength of Eastern |owa Merchants National Bank m Cedar Rapids. Iowa 52401 Member F 0 1C https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A BANKS OF IOWA BANK AM ES: Great M idwest Financial, the parent com pany o f United Bank and Trust o f Ames, and Banks of Iowa, Inc., have agreed in principle that the bank will becom e affiliated with B o f I. The transaction requires a definitive agreement between the tw o boards and subsequent ap proval by regulatory bodies. On June 30, United B&T had assets of $139 million, loans o f $72 million, deposits o f $121 m illion and capital of $13 million. Larry W enzl is presi dent o f United B&T and Great M id west Financial, which would con tinue ownership o f several other area banks. BOONE: Citizens National Bank of Boone-Stratford has announced the election of Benjamin R. Guenther as president and CEO. He began his banking career at Spencer National Bank, was then em ployed by Mahas ka State Bank, Oskaloosa and Boone State Bank and Trust. He joined Citizens in 1985. Citizens’ for mer president, Steven G. Patterson, has been elected executive vice president and COO o f Hawkeye Bank and Trust o f Des Moines. DES M OINES: A t First Interstate Bank, Dale Klauss has been pro m oted to manager o f the In gersoll# office. He joined the bank in 1970 and m ost recently served as man ager o f m etro retail banking. M aggie Hoogerheide was prom oted to vice president and manager, personal# trust division. She joined the bank as a trust officer in 1985. Larry Cobb was advanced to vice presi dent and manager o f trust invest ments and operations. He has been # with the bank since 1983. ELD RID G E: Jim H. Olson has joined Central Trust and Savings Bank o f Eldridge as executive vice, president. He had m ost recently' been assistant vice president in charge o f loan review for the cor porate office o f Banks o f Iowa Inc. The Eldridge Bank became a B o f I. affiliate in June. IO W A CITY: First National Bank has announced that M ichael Corbett has joined the bank as controller, and Debra M orris as trust officer. £ Mr. Corbett previously served as controller at First Interstate Bank of Des Moines. Ms. M orris form erly was em ployed as a trust officer with Norwest Bank, Davenport. £ K AN AW H A: Farmers State Bank was closed by Iowa superintendent of banking W illiam R. Bem au on Ju ly 30. He cited “ mismanagement of the loan portfolio and poor loan s e -# lection.” The FDIC, as receiver, sold the bank to the First National Bank o f Clarion, which reopened it the fol lowing day as a branch. A premium o f $226,200 was paid for F arm ers# State Bank, the highest o f several bids. W EST DES M OINES: Ronald H. Bishop has joined W est Des M oin es^ State Bank as a first vice president^ in lending. He m ost recently served as vice president—commercial loans at Bankers Trust Company. We Can Help With Your Employment Needs! Specialists in Bank Recruiting and Consulting Since 1971 □avid L. Hansen, CCP HAMILTON ASSOCIATES 100 Court Ave., Suite 306 Des Moines, Iowa 50309 515/282-0221 Engineering highperformance portfolios. Since the 1920s United Missouri Bank has been advising banks on the management of their bond portfolios. These timely recommendations have a history of sound logic and a positive contribution to bank earnings. Whether short- or long-term, we expect the strategies we recommend to be successful. Why? Because we continually update ourselves about the economy, the market and changes in the banking industry. So for quality recommendations that are engineered for high performance, contact our Investment Banking Division. Call (816) 556-7200 in Kansas City or (314) 621-1000 in St. Louis. Call 1-800-821-2171 or in Missouri call 1-800-892-2944. ky UNITED MISSOURI BANK of Kansas City, n.a. M em ber FD IC https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis P.O. Box 419226 £ m jr Kansas City, Missouri 64141-6226 ^ D O N -ficH O O LE R Ir AN D tjfl j f f l ) A SSO C IATE S "Successful Banking is Quality Personnel" POSITIONS AVAILABLE VICE PRES. COMMERCIAL REAL ESTATE, 90,000,000 metro bank. 10 or more yrs. experience. Degreed. Technical expertise in analyzing, nego tiating, documenting, perfecting, and dispensing. Background in multi-family, construction, shop ping centers, strip centers, and subdivision.......... .. .$45-55,000 S&K options, ESOP, 401K, medical. COMMERCIAL HEAD, 100,000,000 + metro. De greed (major univ and top honors a plus.) Forward looking strong growth organization. Must want higher management position. Social and civic background must be strong. Likes business devel opment. Trains lenders.......................................... .......................... $50-55,000 + excellent benefits. V-P. & LOCATION MGR., #1 rated bank, strong re spected organization. 80,000,000. Likes small towns. Dislikes poor credits. Good with new busi ness contacts. Likes teamwork concepts.............. .............$35,000 top benefits, good future growth. PRESIDENT, 40,000,000 independent. Degreed. Complete & solid track performance in past. Small town lender in community projects. Solid relationship with regulators................. $50-55,000. SVP #2 OFFICER, 75mm+ . Degreed. Solid bank ing school. Hands on operations and accounting expertise. Solid community leader. A/L mngmnt, long range planning, cost control, budgeting, in vesting. Tandem leader with bank president......... ............. $45-50,000 excellent retirement benefits, strong town. DON W. SCHOOLER 2508 East Meadow Springfield, Missouri 65804 (417) 882-2265 Nebraska News The Nebraska Bankers A ssocia tion will hold its 1987 Area Bankers M eetings over the next tw o weeks. Presentations on legislation and eco nom ic development will be featured along with receptions and dinners. Dates and locations are: Aug. 11— Omaha R oss’ Steakhouse, Aug. 12— Beatrice Elks Club, Aug. 13—Col umbus New W orld Inn, Aug. 18— Scottsbluff Country Club, Aug. 19— M cCook Elks Club, Aug. 20—Kear ney Ramada Inn. LINCOLN: Donald R. Campbell has been elected president o f Commerce Savings Lincoln, Inc. He was for merly senior vice president and will Estate Appraisals Purchase of Collections Sale of Rare Coins Reliable and respected service for over 20 years Used by bankers throughout the midwest Ben E . Marlenee Coins 913 Locust Des M oines, Iowa 50309 515-243-8064 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis remain a member o f the board. He began his banking career at the Na tional Bank o f Commerce in 1972, and joined Commerce Savings in 1974. COL. GORDON E. TAYLOR Box 949 - Mason City, la. 50401 515/423-5242 Professional Auctioneer Real Estate Broker and Appraiser p a y Minnesota News The Independent Bankers o f Min nesota Annual Convention will be held Aug. 20-23 at Breezy Point Resort. Featured speakers include: Tom Olson, president o f the Inde pendent Bankers A ssociation of America; James W. Brock, associate professor o f econom ics at Miami University in Oxford, Oh.; Bruce Vento, congressman from Minn. D istrict 4; Michael Hatch, Min nesota Commissioner o f Commerce, and humorist Joan Burney. Regis tration begins at noon on the 20th, with cocktail reception at 5:30 and dinner and casino party at 6:30. The first business session begins at 8:30 a.m. on the 21st. Women are invited to a champagne brunch at 9:00, there is a buffet lunch at noon, and golf and tennis tournaments in the afternoon. Cocktails will be served 5:30 to 6:30 p.m. From 9:30 until 11:00 there will be a “ Tribute to Norb M cCrady.” On the 22nd, there is an 8:30 a.m. business session, 1:30 p.m. tennis tourney, 2:00 fishing derby, 5:30 cocktails and 6:30 dinner dance. On Sunday the 23rd, a 8:30 church service will be offered fol lowed by a ranch style buffet break fast at 9:00. Special activities for children and spouses will be fea tured throughout the convention. For m ore inform ation, con tact Nancy A lfton at the IBM A at (612) 854-9200. M IN NEAPOLIS: Norwest Corpora tion filed applications last week with the Comptroller o f the Currency to consolidate 39 o f its Minnesota banks into nine new banks, as well as to consolidate all nine Norwest banks in North Dakota into one statewide bank called Norwest Bank North Dakota, N .A. This will in clude creation o f one Norwest bank for the seven-county Twin Cities m etropolitan area, com bining 17 current m etro banks into a single na tional bank to be called Norwest Bank Minnesota, N .A. Outside the Twin Cities, 22 Norwest banks will be consolidated into eight new banks, each named “ Norwest Bank M innesota,” followed by a m odifier indicating a geographical area. The metro area bank will have 42 offices and there will also be 42 offices out side the area. Norwest Bank Northfield will not be part o f the consoli dations, but will continue as a statechartered bank. The consolidations are the result o f new laws adopted this year in both states. M IN N EAPOLIS: Three have been prom oted to vice presidents by First Bank System. Former Assistant Vice President Anna Bagdasarian will be vice president, Entertain ment Division, Special Industries Group. Susan Lackey Drake has been prom oted from a.v.p., Private Capital, to vice president in that departm ent. In New Ventures/ Products, Bernard J. W eiss was also advanced from assistant vice presi dent. Wisconsin News APPLETON : A pproval has been re ceived from the Federal Reserve Board for affiliation o f Community Banks, Inc. with Valley Bancorporation. The merger is expected to close on Aug. 28. Community, headquar- “THE RIGHT FIT” Banking Placement Specialist For Your Staff: □ Top Professional Bankers who are confidentially screened to find “The Right Fit” □ We recruit nationally through our over 200 independent affiliates as well as locally for our clients □ Contingency or Retainer Fee arrange ments □ Contact Sue Lundquist or Mel Hansen, CPC Banking Specialists ^ m f — ELLS Ells Personnel Systems 1129 Plymouth Building Minneapolis, M N 55402 612-333-1131 CELEBRATING OUR 75th ANNIVERSARY BY SERVING OUR BANKING CLIENTS WELL! # # # • • • IOWA BANKERS PROBLEMS WITH YOUR BANK’S BOND? ARE YOUR UNDERWRITERS DEMANDS EXCESSIVE? HA VE YOUR PREMIUMS SKYROCKETED? We have been solving Bankers bonding problems for over years . . . AND AT THE LOWEST POSSIBLE PREMIUM! CALL OR WRITE IOWA BANKERS INSURANCE AND SERVICES, INC. 104 EAST LOCUST STREET DES MOINES, IOWA 50308 1-800-532-1423 or (515) 286-4344 KANSAS BANKERS SURETY COMPANY P.O. BOX 1654 • https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis TOPEKA, KANSAS 66601 (913) 234-2631 SOUTH DAKOTA BANKERS PROBLEMS WITH YOUR BANK’S BOND? ARE YOUR UNDERWRITERS DEMANDS EXCESSIVE? HAVE YOUR PREMIUMS SKYROCKETED? Are you FORCED to write one type of insurance with a company at a higher premium, just so they w ill write another type of policy for you? IF SO... PLEASE CONSIDER THIS We have been solving Bankers bonding problems for over 75 years . . . AND AT THE LOWEST POSSIBLE PREMIUM CALL OR WRITE KANSAS BANKERS SURETY COMPANY P.O. BOX 1654 TOPEKA, KANSAS 66601 (913) 234-2631 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis OWNED BY BANKERS SERVING BANKERS tered in M iddleton, owns six banks. Valley would issue about two mil9 lion shares o f its com m on stock and pay about $600,000 in cash in the transaction. M ILW AU K EE: Marshall & Ilsley Corporation announced July 30 that it has reaffirm ed its offer to The Marine Corporation to merge with Marine and will file an application with the Federal Reserve Board. The filing o f the application will give Marine shareholders the option to consider the M&I offer versus that made by Banc One o f Columbus, Oh. Marine had announced on July 24 its desire to merge with Banc One rather than M&I, even though the Banc One offer was $55 million under that o f M&I. A ccording to M&I Chairman and CEO J.A . Puelicher, M & I’s offer o f $601 million will not be increased. £ % # # # 0 North Dakota News Recently the North Dakota Bank ers A ssociation has filed amicus curiae briefs in two legal cases. North D akota v. L iberty National Bank o f D ickinson involves the A t torney General’s effort to require the bank to divest itself o f farmland held over three years. The N D BA feels the case is a result o f the A ttorney General’s desire to please the Dakota Resource Council, a farm ad vocacy group. A second case, K ings ley v. F irst Am erican Bank o f Casselton, involves a U.S. D istrict Court judge’s ruling invalidating a crop security agreement. The case revolves around what is “ other per sonal property” in the N orth Da kota statute prohibiting the taking of a security interest. MINOT: Gloria Hultberg has been prom oted to vice president/financial services group manager at First Bank M inot. She joined the bank in 1966 and previously was assistant 4 For Professional Correspondent Service Call 1-800-622-7262 ThereJs A Difference In Banks... Valley National Bank ft Main Office - Sixth and Walnut DES MOINES. IOWA 50304 vice president and manager o f the retail banking division. Wyoming News CASPER: Lynn B. Duncan has been elected senior vice president in charge of business and econom ic developm ent at First Interstate Bank o f Casper. He m ost recently was the bank’s vice president and marketing manager, and has 30 years o f experience. M. Michelle W ilkie will succeed Mr. Duncan. She m ost recently was assistant vice president in the commercial loan de partment. Colorado News BOULDER: Thomas K. Courson has joined Colorado National B a n k Boulder as vice president and senior loan administrator. He m ost recent ly served as executive vice president o f United Bank o f Lakewood. BOULDER: C. Dean B oyd has been elected senior vice president o f Colo rado National Bank—East Boulder. For the past tw o years he has served as senior vice president o f IntraW est Bank o f Grand Junction. BANKING CAREERS!: quality service by experienced prof essionals Confidential. Fees Paid by Employer. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A BANKS OF IOWA BANK Member FDIC JAMES F. MacLEAN Vice President H. PETER DeROSIER Vice President DENVER: James K. Edward has been elected a vice president in com mercial loans at Colorado National Bank—Tech Center. He joined the bank in 1982. DEN VER: First Interstate Bank of Denver has announced it has ac quired 100% o f the stock o f the Bank o f Casper. Chuck Pedersen, president and CEO o f First Inter state, .will becom e chairman o f the Bank o f Casper. No additional staff changes are anticipated. DENVER: Raym ond L. Guerrie has been elected president o f Central Bank o f W estm inster. He has served other Central Bancorporation banks in Battlem ent Mesa and Glenwood Springs. He is currently president of Central Bank o f Broom field and will continue in that position. DENVER: First Interstate Bank of Denver has named Rick Regan senior vice president o f commercial lending. He joined the bank last year as vice president and manager o f mid-market lending. DEN VER: Pamela M. Kelsall has been elected a vice president o f Colo rado National Bank o f Denver. She joined the bank in 1978 and man ages its planning and product devel opm ent activities. "Professional assistance in hiring and career advancement" Jean Eden 515-276-1151 525 M e rle H a y Tow er Sandi Garner 515 -832-1258 T /W /F 276-1253 M /T H D es M o in es, Iowa 50310 • 515-276-1151 5 POSITION AVAILABLE SR LENDER needed for recently acquired $58MM Bank. Position could lead to PRES/CEO. Looking for that aggres sive and analytical leader. Send resume to File No. WJW do Northwestern Banker. (PA) Additional AG LOAN OFFICER with degree and some ex perience. NE Iowa County seat. $47MM bank. Send resume to File No. WJR d o Northwestern Banker. (PA) Entry level AGRICULTURAL LOAN OFFICER wanted for eastern Nebraska agricultural bank. Reply to File No. WJV d o Northwestern Banker. (PA) INSURANCE AGENCY MANAGER. First Financial Network is seeking an experienced insurance agent to manage a full line bank insurance agency. Candidate must have all licenses, 3-5 years P/C experience and be selfmotivated. Strong sales skills required. Management ex perience prefered. First Financial Network is a new multi bank insurance marketing company located in a progres sive town of 10,000. We offer excellent compensation & benefits + room for advancement. Send resume & salary history to: First Financial Network, P.O. Box 588, Oskaloosa, IA 52577. (PA) POSITIONS AVAILABLE AG LENDER—2-5 yrs. exp. $45 million N. Central Nebraska bank. $25-27K. TRUST DEPT. MANAGERS—Need 4-6 yrs. experi ence J.D. 2 positions, N. Central Iowa and K.C. To $40K. CEO - Need 2-5 years exp. as CEO, $70 million bank, Central iowa. To $60K + Bonus. All fees are paid by our client employers. Richard L. Beam, CPC GUMBERT EXECUTIVE EXCHANGE, INC. 11248 Davenport Street Omaha, NE 68154 Phone: 402/330-3260 Member National Personnel Associates We’re Nationwide FOR SALE RECONDITIONED BRANDT Coin Sorters-Counters BRANDT Currency Counters New Warranty 402-571-5577 CAPITAL PERSONNEL SERVICE 714 First Interstate Bank Building Des Moines, Iowa 50309 515-283-2545 czHoCctsx a n d r ^ h io a ia tz i BURROUGHS: B80 COMPUTER ID188336416, Disk drive 21551841,4 platter fixed disc B9493-37,2 platter fixed disc B9493-18, line printer 9249-4. Contact Footville State Bank, Footville, Wise., M. Bohn (608) 876-6121. (FS) Specializing in the Purchasing and Sale of Banks 515-232-0814 405 Main Ames, Iowa 50010 Donald E. SR V.P. Unlimited potential! #2 position in $55M bank in communi ty of 25K. Will oversee all lending, 80% of which is comm’l, the rest is consumer and real estate. Need 4 + yrs comm’l. Strong community involvement and sound comm’l train ing. $42K. FOR FURTHER INFORMATION CONTACT KURT ROSENCRANTS R O B E R T ftm&JF of town. m e. 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 ALL FEES COMPANY PAID Financial Careers, Inc. Please contact Lorraine Lear or Malcolm Freeland concerning these and other Midwest banking opportunities. ^ Principal An unparalleled oppty! High performance banking group seeks an accomplished manager to run its $50mm bank in Southern MN. Qualified applicants must be top managers with 8 + yrs. com’l lending exp. A chance to become a key player in a top performing holding co! To $60K. Job #NW2079. 0 SR. VICE PRES./#2 Feeling stymied? Has progress tapered off? Profitable $100mm bank just 2 hours out of the Twin Cities area seeks proven loan administrator with 8 + yrs. com’l lend ing exp. Position will lead to Presidency in less than 2 yrs. Great oppty! To$60K. Job#NW2080. AUDITOR Are you ready to direct the auditing function of two pro gressive banks in Western MT? Desire 3 + yrs. bank audit ing exp. and an acctg. degree. A high visibility spot where your ideas and suggestions will have an impact. CPA a plus. To$35K. Job #NW2081. FOR MORE INFORMATION CONTACT PAUL GENTZKOW OR JEAN TODD 0 [H f] R O B E R T H A L F It? OF MINNESOTA, INC. VP COMM’L Reach for the top! Highly visible position managing 7-8 lenders and strong support staff for large successful bank. Qualifications nesc. are 5 + yrs working w/$15M or larger portfolio and supervisory exp. $45K. AG LENDER Immediate opening for aggressive 2 yr lender w/insurance lisc., farm call exp and knowledge of FmHA’s. Bank is well capitalized (10% + ) and very profitable. Rural community near county seat town, offers shot at presidency. $22K. Holder, SERVING THE UPPER MIDWEST POSITIONS AVAILABLE TRUST OFFICER One of the most profitable banks in the state seeks 2+ yr employee benefits pro who has mktg & client skills. Excel lent road out of public or into dept, head position. Mid $30’s. FARM MANAGEMENT/AG LENDER—Excellent opportuni ty to manage and further develop farm management de partment. $60mm Iowa bank............................................To$28,1)00 PRESIDENT FOR SALE Due to our conversion to our own in-house computer system, we are offering for sale a 1981 S 558 SINGLE POCKET PROOF ENCODER & A REWORKED S 558 SINGLE POCKET PROOF ENCODER. Both under mainte nance agreements. These machines are in good working order and are priced to sell. If interested, call 402-5824941. (FS) COMMERCIAL MORTGAGE—Growing department look ing for an experienced lender with the desire and dedica tion to achieve success. Degree plus 2-3 years experience. ........................................................................... To $25,000 POSITIONS AVAILABLE Serving bankers quietly and efficiently. 3 yr. AG/COMMERCIAL LENDER desires new opportuni ties. FmHA, SBA, workout & fin. stmt, analysis experience. IA. St. Univ. grad. Send replies to File No. WJU c/o North western Banker. (PW) TRUST OFFICER—Profitable financial group needs an ex perienced Employee Benefits Officer to provide leadership and serve as consultant for their member banks. Requires a blend of technical and business development skills. ........................................................................... To $45,000 0 Two Ruan Center/Sulte 1000, Des Moines, IA 50309 515/245-3786 Employer pays fee. TRUST OFFICER—Opportunity for person with 2 to 3 years experience to join a growing department with assets in excess of $140,000,000. Chance to learn all aspects of the trust business with primary responsibilities in perso nal trust administration. Strong bank and an excellent community of 15,000 people. Send resume and salary history to David Goos, Assistant Vice President, Jasper County Savings Bank, P. O. Box 1166, Newton, Iowa 50208. (PA) POSITION WANTED POSITIONS AVAILABLE REAL ESTATE LENDER—Illinois bank needs an e x p e ri-£ enced banker with knowledge of secondary marketing. ........................................................................... To $25,000 Diane Evans R egency 3636 IDS Center Minneapolis, MN 55402 RECRUITERS, INC. (612) 339-9001 1102 Grand Avenue, Kansas City, MO 64106 816/842-3860 ALL FEES COMPANY PAID POSITIONS A V A IL A B L E AG BANKING PERSONNEL • • • • • Specialists in ag-oriented bankers. Experts in personnel since 1968. Serving Iowa and the Midwest. Professional and confidential. Employer retained. aqri carers,inc. AG BANKING PERSONNEL SPECIALISTS 515-394-5827 New Hampton, IA 50659 712-779-3567 Massena, IA 50853 COMML LOAN • $50MM suburban bank with excellent growth and earnings history. Handle majority of commer cial credits. Report directly to President. $38K CEO - suburban de novo bank. Experience as CEO or COO required. Strong commercial loan and business develop- — ment skills desired. Open E LOAN REVIEW • large urban bank affiliated with major midwestern holding company. Degree and 2-3 yrs. loan review/workout experience desired. $30K TRUST OFFICER • medium size community bank with growing trust dept. JD preferred but not mandatory. $27K COMML LOAN • $100MM community bank. Supervise com- A mercial lending function. Future advancement possible. ^ $45K Additional positions available in midwestern states for experienced bankers. TOM H A G A N & ASSO CIA TES 2024 Swift - Box 12346 North Kansas City, MO 64116 816/474-6874 0 “ Serving the Banking Industry Since 1970’ ’ Voi. 16 No. 17 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 all mail subscriptions, changes of address (Form 3579), manuscripts to Northwestern Banker, 1535 Linden St., #201, Des Moines, Iowa 50309. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
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