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August 18,1986 Des Moines, Iowa Vol. 15 No. 18 Special Bill Replaces Garn Bill HE Senate Banking Committee last week unanimously passed a bill that replaces Sen. Jake Garn’s omnibus banking bill, which he with drew recently after failing to reach consensus on any of its major as pects. The replacement bill ad dresses a limited array of pressing needs and includes these major points: • Establishes a financing corpora tion to issue debt in the capital mar kets to raise $15 billion in three years to shore up the sagging FSLIC fund. • Gives federal regulators power to sell failed or failing banks with assets of $250 million or more to out-of-state holding companies. • Authorizes FD IC to create “bridge banks” to take over assets of failed banks for as long as three years. • Gives the Treasury Department regulatory control over the govern ment securities market. All these elements were included in the bill of Sen. Garn (R., Utah), chairman of the Senate Banking Committee. When pressure groups from all sides prevented progress of the bill through committee, he dropped it August 7. The new bill does not address the issue of non-bank banks. Sen. Wil liam Proxmire (D., Wis.) attempted to amend the committee bill to pro T hibit establishment of such banks American Bankers A ssociation, for one year, but withdrew the which supports Sen. Garn’s earlier amendment when it was evident he proposal that closing of the non lacked enough votes. He has vowed bank bank loophole should be ac to offer the amendment on the Se companied by expanded bank nate floor and, if that fails, to filibus powers. The Proxmire amendment addresses only the loophole closing, ter the package bill. which the Independent Bankers As sociation would welcome, regardless of what else is passed. The House has not been idle on its banking bill efforts. Banking Com mittee Chairman Fernand S t Ger main has delayed a banking bill until it includes closure of the loophole. Chairman S t Germain did introduce a bill August 8 that would extend to September 15 the emergency takeover production of the Gam- St Germain Bill of 1982. That power expired recently, on the same day FD IC used its authority to allow First Interstate Bank Corp. of Los Angeles to take over one of Okla homa’s largest banks in Oklahoma City. The House Banking Committee Many Washington observers feel the $15 billion aid package to FSL IC also approved on August 13 a bill to is too little. The agency, by its own exempt federal regulators from the acknowledgement in recent months, automatic budget cuts mandated by has said s&l failures could equal as the Gramm-Rudman-Hollings Bill, much as $28 to $30 billion. The cur since the agencies are not tax-sup rent fund is only $6 billion and that ported. However, it appears that apparently is impaired by several Government Operations Committee Chairman Ja ck Brooks (D., Tex.) billion dollars of commitments. Sen. Proxmire’s intended amend may be opposed to any such amend ment creates a sticky wicket for the ment to the bill. SPRENGER, ROWLAND AND MESSINA Bill Sprenger Frampton Rowland Outside Missouri call 1-800-821-2182 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis John Messina In Missouri call 1-800-892-7100 Commerce Bank o f Kansas City M em her FDIC • M k l« Norwest Bank Des Moines, N.A. mmmmm mmmmm Call (515) 245-3131 or toll-free (800) 362-2514 NORWEST BANKS Member FDIC n w ‘Yea rnwork: one of the reasons we're first in Iowa. Dorothea Wolfe John Rigler Iowa News The Iowa Bankers Association will sponsor a Consumer Credit School October 19-24 at Drake Uni versity in Des Moines. Tuition for the 200-level course is $700, which includes room, meals, casebook and materials. For more information contact the IB A office. * * * The IB A will sponsor a Loan Documentation seminar, including Analysis of Article Nine of the Uni form Commercial Code, on Septem ber 30, at the Des Moines Marriott. Registration will be from 7:45 to 8:30 a.m., morning programs till ASK JER R Y TR U D O to make MNB work for you. Toll free 1-800-332-5991 M e r c h a n ts N a tio n a l B a n k Member F.D.I.C. toward a restructuring plan con tinue with creditors. B E L L E PLA IN E: Ben Morris has joined the Chelsea Savings Bank as vice president and senior trust offi cer. He has served on the bank’s board for 16 years, and has prac ticed law in Tama for the past 29 years. D ES M OINES: Hawkeye Bancor-, poration reported July 30 a consoli dated net loss of $13.9 million for the second quarter of 1986, com pared to a loss of $500,000 for the 1985 second quarter. The 1985 period had a non-recurring securities gain of $7.3 million. The other $6.6 million was due to effects of problem loans on net interest margin and in creased writedowns of other real estate. This brought Hawkeye’s net loss for the first half of 1986 to $22.1 million, compared to a $6.5 million loss for the same 1985 period. Non performing assets, including nonac crual loans, restructured loans and other real estate, decreased $15.1 million to $85 million at June 30, from $100.1 million at the end of first quarter 1986. Hawkeye Presi dent Paul Dunlap said negotiations G RA ETTIN G ER: The Graettinger State Bank was declared insolvent August 7 by state banking superin tendent William R. Bernau. The bank was sold for a $32,000 pre mium to the lone bidder, Swea City Bancorporation, which re-opened it the following day as the Graettinger branch of Swea City State Bank. The purchaser assumed deposits of $11.4 million in 2,600 accounts, ju st over $9 million in assets and FDIC advanced $2.3 million cash. The tran sactio n moves Swea C ity State’s assets to about $25 million. FD IC retained problem loans and other assets with book value of $2.8 million. Mr. Bernau told reporters that ag loans were not responsible for this bank failure, but out-of-terri- I t's easier to talk Iowa banking with people who live it — people like Ben Eilders and the correspon dent staff at Bankers Trust. C all 1-800-362-1688 or 515/245-2424. 151 A BANKS OF IOWA' BANK https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 11:45, and afternoon programs from 1:00 to 4:25 p.m. Registration in cludes co n tin e n ta l b re a k fa s t, breaks, lunch and handouts; it is $115 for members, $150 for sub scribers and $175 for non-members, with $20 additional at the door. Register through the IB A office. D ES MOINES: Banks of Iowa, Inc., reported net income for the second quarter of 1986 was $3,182,000, compared with $2,801,000 for the second qu arter of 1985 and $3,171,000 for the first quarter of ’86. Net income for the first six months this year was $6,353,000 compared with $5,415,000 one year ago. Investment securities gains of approximately $5 million and $9.3 million were realized during the three and six months periods of this year. The provision for loan losses was $7.4 million for the second quar ter and $15.4 million for the first six months of 1986, compared with $5 million for second quarter and $8.5 million for the first half of last year. Loan charge-offs were $7 million for the second quarter and $11.2 million for the six-month period, compared with $4.9 million and $6.3 million ’85. The June 30, 1986 reserve for loan losses was $18.8 million, or 1.8% of total loans of $1 billion. Total assets at June 30, 1986 were $2.2 billion, a 14.9% increase over a year ago. B a n k e rs T ru s t Member FDIC Des Moines, IA Ben Eilders Senior Vice President I ^ w _ ® # 0 ^ ® w 0 f J-1 SR. MANAGEMENT— Currently #2 person in $80mm bank in charge of all commercial and ag credits, supervision of loan officers. Interested in management of smaller bank. “ Aggressive and a good motivator...really gets the job done,” says reference. Over 10 yrs. experience in loans and administration. B.S. Bus. Admin, plus advanced banking schools. $48>$50,000. J-2 AG LENDER— Currently branch mgr. in charge of loans, operations, and business development at small branch bank. Has total of 4 yrs. banking experience, with first yr. spent as ag lender and asst, cashier. An energetic well-spoken individual. M.S. Ag plus bank schooling. $28,000. J-3 AG/COMMERCIAL LENDER-Experienced loan officer responsi ble for $5mm ag loans is seeking opportunities in bank. Offers 5 yrs. PCA experience. Former supervisors say, “ Has gained hands-on experience in ag credit that should take 10 yrs. time to learn” and, “ Really understands work-outs, and is willing to put forth the effort that’s necessary.” B.S. Ag ISU. $25,000. J-4 JR. AG/0PERATI0NS OFFICER— References say, “ Exceptional! Bright and willing to work.” Offers 4 years bank exper. Started in small bank running in-house computer and helping with ag loan analysis and collections. Now handles general ledger and loan accounting, and is assistant to comptroller and auditor of Ban corp in $100MM ag bank. Has attended ag lending school and Chicago Board of Trade Marketing Seminar. IBM-PC Burroughs, and Hewlitt Packed computer experience. Desires position com bining operations and ag lending duties. Farm raised. B.S. De gree. $21,000. J-5 SR. V.P.— Over 7 yrs. with same $50mm. Responsible for ap proximately $5mm ag & $5mm commercial loans. A ‘conservatively aggressive’ banker—able to recognize and add good loans, and work out problems. Strong on cash flows. Thorough understanding of wheat and cattle ranching. Qualified for C.E.O. or E.V.P. positions, or will consider V.P. with growth potential. B.S. Ag Econ. plus numerous ag andcommercial lending schools. $36-$45,000. S-6 ASST. V.P.— 12 yrs. bank exp. "Good credit man, people have confidence in him and not afraid to say it like it is,” accord ing to reference. Overall lending exp., ins. licenses, community in volved. University of Iowa grad, with IA farm background, $30,000. S-7 ASST. V.P./CASHIER— Currently employed at $32MM bank. Basically ag, but handles all types of lending & operations. SHARP, has confidence in himself, conservative and offers seven yrs. bank exp. Grad, of University of Iowa, with bank examiner exp. $34,000. S-8 LOAN OFFICER— Ag Finance grad. Four yrs. bank lending exp., all facets. “ Excellent personality, detail oriented and good in documentation,” according to reference. Top notch individual, willing to put in the hours to get the job done. $21,000 + . S-9 CONSUMER LENDER— A people person. Very good at working out payment arrangements. Has a great deal of integrity. “ Excel lent employee, good at credit analysis, and makes good deci sions,” according to V.P. 2 yrs. bank exp. $22,000 + . S 10 LOAN OFFICER- Enjoys his work, interested in people, very thorough...good at detail and documentation. Lots of potential." expounded the Pres, of a bank who tried to hire him. Four yrs. bank exp., business administration degreee. $23,000. S-11 BRANCH DIRECTOR— “ He has gotten money out of people we never expected to.” quoting Senior Vice President. “ One of the best people to work for me...he knows credit,” says reference. Six years farm credit experience with a degree from the University of Wisconsin. Good supervisory qualities. $30,000. S-12 ASST. CO. SUPERVISOR— FmHA exp. Real estate brokers license. “ Does a really fine job for his amount of experience; takes responsibility and puts in the extra time to get the job done,” relates County Supervisor. A fine young man. I.S.U. grad. $23,000. S-13 VICE PRES.— A people person, doesn’t get hung up on detail and documentation—this party gets the job done. Makes good decisions and stands with them. Complete knowledge of all aspects of agriculture. Offers eight years of lending experience. University of Iowa grad. $35,000. J-14 C0NSUMER/AG/C0MMERCIAL LENDER-Three yrs. in $50 + mm bank; handles ag, consumer, R.E. and some commer cial loans. FmHA approved lender, licensed in insurance. Pre sents himself very professionally, exhibits maturity, self-confi dence, and intelligence. References report, “ Has gained a wealth of experience in short time, and eager to learn more...a sharp young banker with lots of potential.” FmHA official states, “ Caught on quickly to what we needed on guaranteed loans. One of the best I’ve worked with.” B.A. Finance. $23-$25,000. Our reputation of maintaining our candidates’ confidentiality enables us to attract a select group of ag bankers and lenders... those currently employed and not actively job hunting, but ready to make a move for the right opportunity. 0 JEAN EDEN 712/779-3567 Hwy. 92 W. Massena, IA 50853 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Let us know your needs without commitment; we won’t 4hound’ you with phone calls or 4flood’ you with resumes, and there is no fee unless you hire. Supplement to Northwestern Banker Newsletter 8-18-86 SANDl GARNER 515/394-5827 Hwy. 63 S. New Hampton, IA 50659 BANKERS AVAILABLE J-15 COMMERCIAL/AG LENDER— Offers 4 yrs. current lending ex perience, plus top recommendations! Presently responsible for $35mm commercial loans to ag businesses, handling credit lines of $50,000 to $3mm. Experienced in financial analysis, cash flows, loan documentation and workouts. Former PCA loan offi cer, strong rriicro computer skills, farm background, B.S. Bus. Admin, (high GPA). “ Enthusiastic, energetic, cooperative young man! Strong in both ag production and ag business lending. His personality is useful in building rapport with borrowers. A very promotable individual!" $25-$28,000. J-16 VICE PRESIDENT— Nearly 10 yrs. banking experience, cur rently in charge of $5mm ag and commercial loans. Also involved in operations and insurance. Set up farm loans on computer. Handles workouts and all FmHA guarantees. Supervisory experi ence also. Bus. Admin, plus additional banking schools. $33- $35,000. J-17 BRANCH M6R/L0AN OFFICER— Seasoned banker offers all round experience in ag, consumer, and main street commercial lending, operations, staff management and knowledge of invest ments. Twenty yrs. experience, dapper appearance, personable and highly recommended. $25,000. J-18 SENIOR MANAGEMENT/AG— Six yrs. experience in charge of up to $500mm in ag credits. Now administering a $180mm ag portfolio servicing two commercial banking units. Provides techni cal expertise to lenders and credit dept, on all aspects of ag and ag businesses. Skilled in staff supervision and development, credit analysis, loan assessment and strategic planning. Highly educated. $40,000 min. S-19 ASST. V.P./AG. L.O.— All facets of banking, been emmployed by $90 MM bank for past 5 years. References expounded on his professionalism, communication skills and his attention to detail. He’s moved up the ladder fast...excellent when it comes to credit analysis, he’s got everything at the tip of his fingers. Dairy back ground. I.S.U. grad. Definite asset to a lending institution. $30,000 + . S-20 AG LOAN OFFICER— “ Of the seven or eight men I’ve trained, £ £ ^ he’s one of the finer ones,” quoting a supervisor. References said he takes whatever has to be done and does it. His projections, cash flows, etc. are really put together well. Neat, conservative appearance. Farm raised. Auburn University grad. $25,000 + . ^ S-21 ASST. VICE PRES.— Thirteen years of lending experience with very good management skills. Eager to get ahead and do a good job. Reference indicated, “ He can lend money...documentation is excellent; the best I’ve ever run into. Ag background, also fami liar with all other aspects of lending. A top notch individual. Nebraska grad. $35,000. w ^ POSITIONS AVAILABLE Continuous demand for banking professionals. Our CONFIDENTIAL service allows you to explore career opportunities in banking without risk to your current position. No contacts are made without your prior knowledge and consent. All fees paid by employers. 1 AG LOAN OFFICER—Mid -size bank with strong cap. ratio and good rating from last exam. Duties will include farm calls, credit analysis, guaranteed loans and new business develop ment. Minimum of 2 yrs. bank, FmHA, or FCS experience required, plus good marketing skills. Choice location offers good school system and many recreational facilities. $23-$27,000. 2. MANAGEMENT—In charge of loans and admin istration of good earnings rural bank with very low percentage of problem loans. Excellent growth opportunity to oversee two additional banks. Owner interested only in conservative lenders with quality loan records. $35,000. 3. VICE PRES/AG CREDIT—Good advancement opportunity in growth-oriented $50mm bank, with long range commitment and plans for ex panding this $15mm ag dept. Requires a mini mum of 5 yrs. ag lending experience, strong documentation and PR skills, sound credit judg ment. Thriving midwestern town of 15,000, less than an hour from two metro areas. $35,000. 6. VICE PRES.—$15mm bank needs lender with 5 or more yrs. experience to help run family owned bank. Good report from recent exam. Strong ag knowledge required for this rural IA location. $30,000. 7. ASST. VICE PRES.—Very clean $30mm IA bank, located 1 hr. from major university. Pri marily ag loans, with some small commercial, real estate and installment work. Knowledge of call reports helpful. Requires 3 yrs. bank experi ence. $22-$25,000. 8. JR. AGLOAN OFFICER—Excellent opportunity in well-run $90mm IA bank in attractive location. Work with cash flows, balance sheets, FmHA guarantees, etc. 1-2 yrs. ag loan experience re quired. $20-$27,000. 9. EXEC. VICE PRES.—Close to beautiful large city. $40 MM bank. Fine progressive town. Need to help run bank with president. Ag background best. $40,000 range10. BRANCH MANAGER—$20mm Bank. P.R. per son with supervisory qualities needed. Rich MN town. Benefits are excellent. $35,000 + . 4. AG LENDER—$50mm IA bank, suburban loca 11. AG LOAN OFFICER—$65 MM bank needs an tion. #2 in $10mm ag dept., may handle share of ag loan officer right away. All normal ag lending commercial and installment loans as well. Two duties. Experience required. Town offers good yrs. ag lending (bank or FCS) experience, strong school system. 18 hole golf course, swimming communication skills required. $23-$25,000. pool. $25,000. 5. AG LOAN OFFICER—Assume #3 spot in profit able and solid $25mm IA bank. Requires an out going, self-motivated individual with 2 yrs. ag lending experience, good grain and livestock knowlege. Interviewing now! $25,000 + bonus. 712/779-3744 https://fraser.stlouisfed.org Hwy. 92 W., M assena, Iowa 50853 Federal Reserve Bank of St. Louis 12. AGLOANOFFICER—Needed in this community near a nice college town. Need to know ag credit, R.E. & some computer knowledge would be helpful. Firm personality, but flexible. Will relocate. Mid $20,000 area. (30 MM bank.) il CAREERS, INC. 13. EXEC. VICE PRES.—Friendly town, with all the qualities to meet a family's needs. Bank is $93 MM; in good shape. Party need to be a good lender and have experience in the ag and agri business area. Five to ten years experience. Good benefits. Mid $40,000 range* 14. CEO—Great opportunity in $25 MM bank in good shape located near large city. Need an assertive, firm and outgoing person. Must have five to ten years experience. Bonus and nice bene fits $40,000-$50,000. 15. OPERATIONS ASST./MANAGER—Profitable bank ($55 MM) needs supervisor who knows how to guide employees. Should know some installment and R.E. lending. BE THE BOSS. Nice community with a good school system. $30,000 q £ % range. 16. AG LENDER—Exciting recreational area for sports enthusiast who wants to work in a lovely town. Everything a city has to offer on a smaller scale. $40mm bank needs a good ag lender who knows operations, computers, securities, etc. Firm, level headed individual with lots of P.R. Good insurance plan. $30,000 area. 17. AG LOAN OFFICER—$65 MM bank needs an ag loan office right away. Good advancement potential. Excellent benefits. Also the advantage of living in a small town with large city close by giving this job added charisma. Experience is needed. $25,000 range. 18. EXEC. VICE PRES.—A super public relations person is needed here. Party needs to know overall banking. $25 MM bank in a fine commu nity. Insurance background will help. Good benefits. $35,000 range. 515/394-3145 Hwy. 63 S., New H am pton, Iowa 50659 ^ ^ £ 0 ATTENTION IOWA BANKERS Directors and Officers Limited Liability Insurance is now available coverage up to $100,000 Call or Write THE KANSAS BANKERS SURETY COMPANY 435 Kansas Avenue P.O. Box 1654 Topeka, Kansas 66601 1- 913 - 234-2631 Serving bankers for more than 75 years https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Supplement to Northwestern Banker Newsletter 8-18-86 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Send your News Today to the NORTHWESTERN BANKER TELL US ABOUT. . . 1535 Linden Street, S uite 201 DES MOINES, IOWA 50309 Staff Changes Business Campaigns Mergers, Consolidations New Departments at the Bank Remodeling or New Building BANK ..................................................................................... OFFICER .....................................................................TITLE CITY https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis STATE Open Houses Anniversary Parties Deaths or Retirements Speeches Made by Bank Officers Special Announcements to the Public https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis C a ll o n t h e “ E x p e r ie n c e d P r o f e s s io n a ls ” Ready to m eet your correspondent needs. tory commercial loans that didn’t pan out were responsible. A • • • ® " £ • MARCUS: Walter Sterrett, Jr., formerly of American Bank Services in Sioux City, has joined the Farmers State Bank of Marcus as a vice pres ident. SPEN CER: At Farmers Trust & Savings Bank, Ja ck Easter has re tired as CEO and chairman after 19 years with the bank. He will con tinue as a director. Gary Tolzmann will serve as the new president and temporary chairman. No CEO has been named as yet. ^ F ir s T ie r B a n k Lincoln 13th & M Streets, Lincoln, Nebraska 68501 W ISN ER: Mike Edelman has been elected vice president at The First National Bank of Wisner. For the past three years he has been loan of ficer at The Bank of Clarks. Minnesota News DULUTH: At First Bank Duluth, J . Joseph Lindsley has been elected president, CEO and a director, and Larry L. Gilb has been elected chair man. Mr. Lindsley succeeds Mr. Gilb, who was named managing director of First Bank System’s north/central Minnesota region June 1. Mr. Lindsley will also manage First Bank Cloquet. He formerly served Nebraska News as executive vice president of re The Missouri Valley Chapter of gional banking for F B S. R obert M orris A ssociates has M IN N EA PO LIS: Norwest Bank elected its officers and directors for 1986-87. They are: President—Rob Minneapolis has named Richard C. Westergaard senior vice president ert W. Tritsch, senior vice president, First National Bank of Omaha; First and head of its national department. He had been with Morgan Guaranty Vice President—R. Douglas Fisher, Trust Company, New York, since executive vice president, Hawkeye 1968, most recently as a vice presi Capital Bank Trust; Second Vice dent. President—Marilyn A. Pauly, vice president, Bank IV Wichita, N.A.; ST. PAUL: At American National Secretary, Lawrence F. Uebner, vice Bank of St. Paul, Diane L. Quinn president, FirsTier Omaha; Treasu- has been promoted to vice presi rer—Lowell Thrasher, vice presi dent-executive and professional dent, Norwest Bank Nebraska, N. A. and Bruce C. Bennett to vice presi dent-bond and investments. LOUP C ITY: Sherman County Bank has made a bid to take over the deposits and assets of the FarIllinois News well Credit Union, which was closed by the Nebraska Banking Depart W E S T F R A N K F O R T : Andy ment recently. The FD IC is ex- Rogers has joined First Community pected to approve the application, Bank as president. He is the former which would permit the bank to es president of First National Bank of tablish a branch office in Farwell, Galena. which is 20 miles east of Loup City. ® OMAHA: Norwest Bank Nebraska has announced several promotions, including Harold M. Walton to ex ecutive vice president in Omaha and ^ Timothy J . Coughlon to president in Millard. Mr. Walton began working for Norwest in 1956, and most re cently held the president’s position in Millard. Mr. Coughlin joined Nor^ west in 1973 and was senior vice president/special loan administra tion at Omaha. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Firslier Bank, N.A., Lincoln, Member FDIC North Dakota News The 1986 Independent Communi ty Banks of North Dakota’s annual convention, “At the Crossroads and Growing Stronger,” will be held Sept. 24-26 at the Kirkwood Motor Inn in Bismarck. There will be a pre convention golf tournament on Sept. 23 for both men and women at the Riverwood Golf Course. Featured speakers will be Dr. D.D. Warrick (Professor of Management, U. of Colorado), Jerome C. Darnell (Pro fessor of Finance, U. of Colorado), and William A. Lovett (Professor of Law and Economics, Tulane Law School, New Orleans). For more in formation, contact the ICBND at (701) 258-7121. South Dakota News The 1986 South Dakota Bankers Association will hold its group meet ings September 15-19. The schedule will be: registration at 1:30 p.m., program 2:00 to 5:45 p.m., reception at 6:00 and dinner at 7:00. Fee is $24 for the meeting and $22 for recep tion and dinner. Dates and locations are as follows: Group I I —15th, Sher aton Inn, Aberdeen; Group IV — 16th, Wrangler Motor Inn, Mobridge; Group V —17th, Hotel Alex Johnson, Rapid City; Group I I I — 18th, Holiday Inn, Mitchell; Group I —19th, Holiday Inn City Centre, Sioux Falls. Register through the SD BA office. * * * The FDIC and the South Dakota Banking Commission have ap proved the application of the First We’re Security for You At Security National Bank, we’re people you can count on to handle all of your Correspondent Banking needs. So, start corresponding with us. We’re Security for you! SECUR ITY N A TIO N A L B A N K IN SIOUX CITY, IOWA. MEMBER F.D.I.C. Dennis Nahnsen V ice President and M anager Correspondent Banking Services 712- 277-6768 4 State Bank of Armour—Delmont to acquire the Dakota State Bank of Tripp. Dakota State Bank will be come First State Bank, Tripp branch during the first week in Sep tember. LeRoy Hofer, president and CEO will continue in that capacity, with Gerald Wenzel as senior vice president and manager of the Del mont branch; Jon Klatt, vice presi dent and manager of Tripp branch and Jerry Altenburg, vice president and manager of the main office located at Armour. After the acqui sition of the Tripp bank the total assets of First State Bank, Armour —Delmont—Tripp will be $39 mil lion. Colorado News DENVER: Colorado National Bank —Southwest has elected Michael J . Matthews as president. He was most recently affiliated with Colum bine Valley Bank & Trust. POSITIONS AVAILABLE FINANCIAL CAREERS SENIOR LOAN OFFICER, VICE PRESIDENT for progressive bank, college town . $48,000 - $52,000 SENIOR LENDER for $60 million Illinois bank. Requires ag and commercial lending experience . . . . Salary to $45,000 MARKETING DIRECTOR for a $400mm + bank .. ................................................... $29,000 - $33,000 TRUST OFFICER with employee benefit experience. JD preferred but not required...................... Salary to $40,000 EXECUTIVE V.P., $70mm bank, 10,000 approx, pop............................................... $50,000 - $60,000 BANK AUDITOR for major eastern Iowa b a n k ................... ............................................................... Salary to $32,000 OPERATIONS SUPERVISOR AND TRAINER....... ................................................... $22,000 - $29,000 REAL ESTATE LENDER with at least 5 years experience in sales, pricing and production. Knowledge of residential and commercial products. Will manage Secondary Market Activity ..........................................................Salary Open COMMERCIAL LOAN OFFICER, college town . . . ................................................... $24,000 - $29,000 CHIEF OPERATIONS OFFICER, metro ............... .................................................$90,000-$110,000 LOAN REVIEW OFFICER............. $25,000 - $40,000 WORK-OUT LOAN SPECIALIST . $25,000 - $40,000 #2 POSITION, COMMERCIAL LENDER, $50mm b a n k ............................................$28,000 - $35,000 #2 PERSON with operations & lending background for Eastern Iowa b a n k ................................. Salary to $32,000 SENIOR LENDER for major Metro bank. Must have experi ence in larger bank ................................Salary to $50,000. LENDER with Ag and Installment background for commu nity bank near Des Moines........................Salary mid $20s. VICE PRESIDENT, AG LENDER, 10,000 approx, pop............................................... $35,000 - $40,000 LENDER with 1-3 years experience + college degree for large western Iowa bank. Requires some travel ............... ................................................................... Salary Mid 20s. AG AND INSTALLMENT LENDER, $40mm bank, 4,000 pop...................................... $25,000 - $32,000 Freeland Financial Service COMMERCIAL AVP, $5mm portfolio, ideal loca tion ..............................................$25,000 - $35,000 1010 Equitable Bldg. Des Moines, IA 50309 515/282-6462 Employer pays fee. PRESIDENT, $5mm, 6,000 approx, pop.................. ...................................................$45,000-$55,000 Please contact Malcolm Freeland concerning these posi tions or for other banking opportunities. OPERATIONS OFFICER, $400mm ..............OPEN DON W. SCHOOLER 2508 East Meadow Springfield, Missouri 65804 (417)882-2265 D O N W C H O O L E R Ir ASSOCIATES "Successful /Banking is Quality Personnel" POSITIONS AVAILABLE VP/MGR COMMERCIAL LOANS You will have an impact on this bank’s future! A leading re gional bank in a dominant MN city needs a visible coml loan mgr. Desire 7 + yrs coml lending exp, a degree, & pro fessional profile! To $50,000 Job#NW8898. SR. VICE PRESIDENT/LENDING POSITION AVAILABLE EXPERIENCED LOAN AND OPERATIONS OFFICER for $15MM rural Iowa bank. College degree and insurance background preferable. Send resume and salary require ment to File WGK c/o Northwestern Banker. (PA) TRUST OFFICER—Nebraska bank seeks experienced indi vidual to manage $30M trust dept. Trust function includes personal and employee benefit accounts. Salary commen surate with experience. Send resume to File No. WGH c/o Northwestern Banker. (PA) JUNIOR AG CREDIT position. Ag/finance or ag/economics background with 1-2 years on job experience, some com puter skills and financial analysis training. Send resume to Norwest Bank Grafton, N.A., P.O. Box 580, Grafton, ND 58237, Attn: Ray Charlton, Pres. (PA) $12M eastern Iowa bank near Iowa City has an opening for individual with experience in LOANS AND OPERATIONS. Send resume and salary requirements to File No. WGI c/o Northwestern Banker. (PA) Experienced LOAN OFFICER wanted for Eastern South Dakota bank. Send application to File No. WGD c/o North western Banker. (PA) POSITIONS AVAILABLE LOAN REVIEW Prestigious bk in Irg metro area seeks a performanceoriented banker. Familiarity w/bk stock loans, merger/acquis & bk sale analysis, Irg instit cr training & generalist in loan bkgd. $50K. CONSUMER LOANS Head up dept of hvy floorplans, st loans & gen’l instal loans in $50m + bk. Seeks 3 + yrs of consumer loans for this cty seat instit in recreational area. $28K. «2 POSITION Take charge spot of $35m + bk in southern SD city. Cty seat town needs ag, mgt & cash flow skills to oversee lending. Will eventually run entire bk. $42K. AG OFFICER—Position with sound, progressive midwest bank. 5 years lending experience and knowledge of gov ernment loan programs a must. Excellent benefits and op portunity to advance. Please send resume to file no WGL c/o Northwestern Banker. (PA) SENIOR CREDIT ANALYST—Ag and/or accounting degree required, or equivalent experience. 5-8 years ag lending or agri related field experience necessary. Excellent working environment and career opportunity. Competitive salary plus a complete benefit program. Send resume to P.O. Box 915, WillmarMN 56201._________________________ (PA) EXPERIENCED community bank CEO seeks challenging position. Experienced in all phases of banking and man agerial decisions; 14 years in banking. Currently have re stored problem bank to acceptable and salable. Excellent references. File WGQ c/o Northwestern Banker. (PA) FOR FURTHER INFORMATION CONTACT KURT ROSENCRANTS RYAN AUCTION CO., INC. (M l 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 A LL FEES COMPANY PAID Decorah, Iowa 52101 Farm Equipment Specialist Appraisals & Auctions Call Dale Ryan 319-382-8648 The chance you have been waiting for! Expanding TC suburban bank needs a high visibility #2 person. Desire 7 + yrs coml/consumer lending exp and a degree. To $45,000 Job#NW8899. AVP/COMMERCIAL LENDING Don’t pass up the oppty to be 40 min from the Twin Cities. Sm bank desires a highly personable coml lender with 4 + yrs exp. If you enjoy business development this is for you! To $35,000 Job#NW8900. CONSUMER LOAN MGR Searching for a real oppty! This Wise bank is looking for a motivator to manage consumer & real estate loans. Quali fied applicants should have a min of 1 + yrs of finance co exp & 3+ yrs in consumer & real estate lending. To $28,000 Job#NW8901. FOR MORE INFORMATION CONTACT PAUL GENTZKOW i M1 M> M> 3636 IDS Center Minneapolis, MN 55402 (612) 339-9001 A LL FEES COMPANY PAID POSITIONS AVAILABLE CASHIER - $25MM Ag Bank. Requires background with inhouse minicomputers and some knowledge of Agri Loans. $30K PRESIDENT - Agri Bank with problem loans. Should have administrative experience and solid Agri Loan skills. $40K OPERATIONS - manage department of 35 for large urban bank. Experience with deposit accounting and account services required. $38K AGRI LOAN - community bank with large Ag portfolio. Seven yrs. or more Ag Lending experience needed. $35K COMMERCIAL LOAN - large suburban bank with $100MM loan portfolio. Degree and minimum 3 yrs. comml lending experience with six figure credits. $32K Additional positions available in Midwestern states. TOM HAGAN & ASSOCIATES 2024 Swift - Box 12346 North Kansas City, MO 64116 816/474-6874 “Serving the Banking Industry Since 1970” Vol. 15 No. 18 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, $18.00 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 Digitized forSt., FRASER #201, Des Moines, Iowa 50309. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
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