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® Vol. 14 No. 18 Des Moines, Iowa August 19,1985 Legislative, Legal Issues Simmer 0 • # ^ v ^ f f 0 f \ O N G R E SS m ay be in recess during A ugu st, but activity continues at a high pitch in W ash ington, D .C . The A B A has revised its stance on the regional banking “ trigger” issue; A B A has sued the Sec; IB A A has sued the F D IC , and the Fed has told a St. Louis holding company to get its M issouri bank out of Kansas, and has told Citicorp the same with its South Dakota in surance plan. A B A “ Trigger” Change The Government Relations Countil of A B A m et in Seattle July 29-31 and recommended an amendment to A B A ’s position on the “ national trigger” in its pursuit of an industry agreement on regional interstate banking. The new recommendation requires nationwide interstate bank ing among all states that had adopted regional interstate banking arrangements one year after 34 states had adopted a regional law, but not before January 1 ,1 9 9 1 . The amendment effectively stipulates 34 states (a two-thirds m ajority). The previous A B A stance would require nationw ide banking am ong all states in a regional pact five years after adoption of such plans or by July 1, 1990. In neither case—the former position or the new one adopted—would states who have not joined a re gional pact be obliged to allow inter- state banking. A B A continues to support with a consensus position its other two objectives of closing the non-bank bank loophole, and of gaining new powers for banks. W ashington observers feel that if A B A opposes H .R . 2707, which con tains the controversial interstate b a n k in g clause, that the Senate will reject the bill. A B A Sues the Sec The A B A filed suit A ugust 5 in the U .S . D istrict Court for D .C . against the Securities and Exchange Commission, challenging its juris diction over commercial banks in adopting Rule 3b-9. Scheduled to be effective January 1, 1986, the rule would subject bank brokerage acti vities to SEC regulation. A B A seeks a declaratory judgm ent against the SEC and a permanent injunction against Rule 3b-9. IB A A Sues the F D IC The Independent Bankers A sso ciation of Am erica is suing the F D IC over its disclosure rule, effec tive January 1, 1985, which would require non-member insured banks to disclose to the public any final en forcement action the F D IC decides to take against them. It would not apply to national or Fed-member banks. Fed Chairman Paul Volcker has told the Senate that “ public dis closure...could do irreparable and unwarranted harm to the bank.” M issouri Y es— Kansas No The Federal Reserve Board on A ugust 12 told M ark Twain Bancshares, Inc., St. Louis, M o., that it will have to return its subsidiary bank to Independence, M o. (subur ban eastern Kansas City) from Over land Park, Kan. (suburban southern Kansas City). The Fed said the move across a state line violates the Doug las Am endm ent. The Fed and Citicorp The Fed Board on A ugust 1 nixed Citicorp’s application to acquire Am erican State Bank of Rapid City, S .D ., which effectively sidetracks Citicorp’s plan to underwrite insur ance nationwide through that outlet. The Fed said that circumvents hold ing company rules preventing the writing of insurance by holding com panies. □ Correction'. In the July 15 W eekly N ewsletter the lead story listed the names of state banker associations who were registered for the “ anti-trigger” m eeting held a short tim e earlier in Kansas City. The list of state names supplied by the Oklahoma Bankers Association, host for that meeting, listed W ashington as one of the at tending states. W e have been in formed by Robert C. Anderson, ex ecutive vice president of the W ash ington Bankers Association, that is incorrect and that the information supplied to us should have included W ashington, D .C ., not the W B A . Call on the “Experienced Professionals” Ready to meet your correspondent needs. ^ First N ational Lincoln A FirsTier B a n k M e m b e r. F .D .I.C . 13th & M Streets, Lincoln, Nebraska 68501 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2 Norwest Bank Des Moines , N.A. NORWEST BANKS Yearn work: one of the reasons we’re first in Iowa. m f i j Call (515) 245-3131 or toll-free (800) 362-2514 Member FDIC f Mark Conway Iowa News The Iowa Bankers Association is sponsoring several workshops to in troduce the Residential Real E state Forms and Procedures M anual. A t torney Richard Ram sey will be the lecturer. D ates and locations are: A ug. 26, Ironmen Inn, Iowa City; A ug. 27, Airport Inn, D es M oines; A u g. 28, M axw ell’s Harbor House, Storm Lake, and A u g. 29, Sheraton Inn, M ason C ity. R egistration begins each day at 8:30 with ad journm ent at 3:00. Registration is $60 for members, $75 for subscrib ers and $90 for nonmembers if paid in advance, and $15 additional if paid at the workshop. Fee includes refreshments and lunch. Cost for a full set of the form s and procedures Dorothea Wolfe manuals is $500, with additional copies $80. The Real E state M anual is $160. Register through the IB A office in D es M oines. * * * The IB A is sponsoring several workshops entitled “ The Basics of Personnel M anagem ent,’ ’ designed to cover the basics of personnel ad m inistration, including the area of employee insurance benefits admin istration. D ates and locations are: Sept. 3, Ironmen Inn, Iowa City; Sept. 4, Red Fox Inn, W averly; Sept. 5, M axw ell’s Harbor House, Storm Lake, and Sept. 6, Airport H ilton Inn, D es M oines. Registra tion begins each day at 8:30 with ad journment at 4:30. Advance regis tration is $80 for members, $100 for subscribers and $120 for nonmem bers, and $20 additional if paid at the workshop; fee covers refresh m ents, lunch and all m aterials. Register through the IB A office in D es M oines. Nebraska News ASK GARY B A R TLETT The Nebraska Bankers A ssocia tion is sponsoring its 1985 A g Credit Conference on Sept. 5-6 at the Com husker H otel in Lincoln. Registration/breakfast is at 8:30 each day. On the 5th the sessions are followed at 4:30 with a reception and then a barbeque at 5:30. Tickets are avail able to see “ A labam a’ ’ that evening at the State Fair, at a cost of $15 which includes bus transportation. to make MNB work for you. Member F.D.I.C. A BANKS OF IOWA BANK Minnesota News The M innesota Bankers A ssocia tion will present a Qualified Plan W orkshop on Sept. 12 at the H otel Sofitel in Bloom ington. The pro gram will be conducted by James M . Carlson, vice president of Collin W . Fritz & A ssoc. For more information contact K elly Swanson at the M B A office in Minneapolis. M IN N E A P O L IS : Norwest Corpora tion has named Darryl D . Hansen senior vice president and manager of the commercial business segment for the corporation. H e joined the Norwest corporate staff as vice pres ident in the commercial banking group in 1983. H e previously was executive vice president and chief banking officer at Norwest Bank M etroW est, Hopkins. S A R G E A N T : Joseph M . Collins has been elected vice president and se nior loan officer of the First Am eri can State Bank of Sargeant as well as the bank’s W altham facility. He joined the bank this spring and has more than 25 years banking experi ence. Wyoming News R IV E R T O N : First Interstate Bank of Riverton has named Jerry James senior vice president. H is previous position was with First Citizens Bank, a sm all independent bank in M ontana. H. PETER DEROSIER Vice President Count On Our Correspondent Bankers Valley National Bank DES MOINES, IOWA 50304 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis G R E S H A M : The Gresham State Bank will be celebrating its 75th an niversary as of Sept. 19. The bank will have a community celebration with a barbeque on Sept. 14. •Personal •Prompt •Professional Toll free 1- 800- 332-5991 Merchants A National Bank 151 On the 6th adjournment is at 1:30. Advance registration is $115 and in cludes materials and m eals. Fee for lunches and evening reception/barbeque for a spouse or guest is $35 in advance. A t the door fees will be $15 additional. Reserve accom m oda tions in the N B A room blocks by A u g. 22. Register through the N B A office in Lincoln. Member FDIC MARK CHRISTEN Vice President ill A BANKS OF IOWA BANK Call to ll free (800) 622-7262 Supplement to Northwestern Banker Newsletter 8-19-85 C4REERS, INC. AG BANKING PERSONNEL SPECIALISTS AG BANKERS AVAILABLE MU AG CREDIT—Present reference says, "Mature, emotionally stable person who works diligently to accomplish goals set. Well organized and very competent.” Of fers close to two years with FLB and a year with a consumer finance company. B.S. degree in Economics. Divorced. Age: 26. $25,000. Call Linda. 0 NL-2 A8 LENDER—Supervisor who trained him says, "A g is his long suit, he is as good as a loan officer as you can get, knows all phases of banking. Wished I had an opening in my bank...there’s not a hole in him.” Taught Voc-Ag twenty years and has been in banking the past eight years as an ag loan officer for a $25MM ag bank with $11 MM in loans. ISU grad. Married. $25,000 + . Call Linda. NL-3 L0ANS/0PERATI0NS OFFICER—Sharp, young banker who is experienced in all 0 W ® phases of lending and operations spending 60% of the time in loans and 40% of the time in operations. Reference says, “ Excellent performance— one of the best em ployees I ever had without a doubt...very intelligent and a quick learner.” Wants to locate nearer a college town to complete his education. Two years college. Married. Age: 24. $22,000. Call Linda. NL-4 CEO—Available due to the relocation of current employer to the South. Receives excellent recommendation from employer. Four-and-one-half years as senior lender for $25MM ag bank in Minnesota and two years as consultant for five banks with assets of $130MM (MN bank he was with 41/2 yrs. was one of the five banks). Offers experience in loan administration, investments, audit, tax, marketing, data processing and personnel. BBA Finance with minor in Computer Science. Married. Age: 33. $45,000. Call Linda. NL-5 DANK TRAINEE—Has close to two years in ag banking starting from the ground floor to his present title of operations officer trainee. Does day-to-day banking opera tions, data processing supervision and student loan processing. Available due to staff reduction. Strong dairy farm background. Tremendous references. B.A. in Sys tems Management. Single. Age: 24. $16,000 + . Call Linda. _ NL-8 LOAN OFFICER—This salesperson offers two-and-one-half years starting a small 9 branch bank from scratch to $2MM in assets in one-and-one-half years. She is cur rently selling residential, commercial and farm property. Has insurance sales experi ence. Licensed in Real Estate and Insurance. Community involved. Two year ag banking school. Single. Age: 38. $17-20,000. Call Linda. NJ-7 A.V.P.—Handles over $7MM ag/real estate loans in $50MM bank for the past 0 two years; non-accruals, work-outs, restructuring, guaranteed loans, etc. Operates Apple computers. Clean-cut, polished appearance. B.S. Ag Bus. Married. Age 25. $24,000. Call Jean. NJ-8 AG LOAN OFFICER—Has 3 years experience as an ag rep in small country bank. Works with all types of loans, documentation, IRA’s, and makes farm calls. Com pleted first year of Ag Credit School, plus additional bank schooling. Graduated ISU with 3.7 GPA (BS Ag Bus.) Married. Age 26. Lives IA. $20,000. Call Jean. ® NJ-9 SR. LENDER/RANK M6MT-8 yrs. in same holding co. Currently #2 officer in $75MM bank, responsible for $25MM ag/commercial loans. Strong collections & work out skills, good people mgr. Ran $20MM bank previously. Excellent refer ences from former supervisors. Sharp appearance. Open to relocation in Midwest. B.S. Ag Econ. plus bank schools. Married. Age 35. $42,000, Call Jean. NJ*10 A8 LOAN OFFICER—An outstanding candidate with 5 yrs. PCA experience. Handles large volume of problem loans with success. Reference from past supervi sor says, “ One of the best I’ve seen...an excellent credit man, strong analytical skills...can meet and deal with people successfully in any situation...a hard worker who makes every minute count.” Top notch appearance, knows how to handle him self; very professional and personable. Computer, Insurance, and marketing skills. B.S. Finance. Age 28. $30,000. Call Jean. NJ-11 V.P.—Currently in charge of $10MM ag portfolio in major holding company bank. Three + years in banking, 1 year with FmHA. Heavily involved in problem loan workouts and negotiations. Very community minded. B.S. Ag. Age 27. $30,000. Call Jean. NJ-12 A8 LOAN OFFICER—Ag rep for past 11/2 years in $50MM bank. Does all cash flows, farm inspections, guaranteed loans and work outs. Handles few consumer loans as well. Insurance licenses, hands-on computer experience, farm back ground. B.S. Ag. Married. Age 31. $20,000. Call Jean. NJ-13 AG LOAN OFFICER-Offers 3 years current bank experience; responsible for half of ag portfolio in $40MM bank; also works with commercial, R.E. and installment loans. B.S. Ag Bus. (ISU—3.8 GPA) plus bank schools. Good experience with com puters. Sharp appearance. Married. Age 26. $23,000. Call Jean. NJ-14 V.P. A8/C0MMERCIAL LOANS—Nearly 4 yrs. exper. in $50MM bank. Handles tough ag loans and most commercial. Reference says, “ Able to clean up old prob lems and avoid new ones.” Portrays excellent ‘banker image’; has the right stuff for todays banking needs. Strong computer and accounting skills. Degreed. Married. Age 29. $33,000. Call Jean. NJ-15 V.P.—Over 10 years lending and operations experience with same rural bank. Handles all general lending duties (primarily ag; also main street commercial, R.E., installment); strong accounting background, active in community. B.S. Business Ad min. plus many bank schools. Married. Age 38. $30,000. Call Jean. NJ-16 AG LOAN 0FFICER-3V2 yrs. current exper. with Farm Credit System. Very pro fessional manner & appearance. References say: “ thorough, organized, excellent documentation, hard working, knows farming and what loans will or won't work...EFFECTIVE...whoever hires him will get their money’s worth...the kind of ag lender needed today.” Iowa St. grad. Married. Age 26. Lives IA. $23,000. Call Jean. NL-17 EVP—Currently responsible for ag, real estate, commercial and installment loans for a $13MM bank along with bank operations. Reference says, “ He has super credit judgment-no question about it! Excellent rapport with customers.” Looking for a challenge. Licensed in Insurance and Real Estate. B.S. degree. Mar ried. Age: 33. $35,000. Call Linda. NL-18 AG LOAN OFFICER-Reference says, “ Excellent ag lending knowledge and good rapport with clients.” This extremely sharp ag lender offers four years with FLB most recently supervising a staff of two loan officers and two clerical. Very knowledgeable in agriculture. Quick and accurate in credit analysis. Self-starter. B.S. Ag. Married. Age: 26. $30,000. Call Linda. Our reputation of maintaining our candidates’ confidentiality enables us to at tract 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. M eet us at booth # 83 at The Iowa Bankers Convention September 22-24! W ir Linda Heit 515/394-5827 P.O. Box 307 New Hampton, Iowa 50659 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Call or write for our new free listing of 53 screened and experienced candidates. Fees paid by employer AGRI CAREERS: We offer assistance, not ‘insistence.’ Jean Eden 712/779-3567 515/263-9598 (W/F) P.O. Box 140 Massena, Iowa 50853 AG BANKERS AVAILABLE NL-18 SENIOR LOAN OFFICER—Tremendous references! Former supervisor says, "H e NL-21 CEO—Responsible for analysis and review of the major commercial and has a business air about him (professional), positive attitude, strong communication skills and ag credit analysis.” Results oriented. Offers farm background and fourand-one-half years with PCA handling an ag portfolio of $9MM + + . Iowa State grad. Married. Age: 31. $26-30,000. Call Linda. agricultural credits of a large commercial bank holding company. Extensive ex perience in loan workouts (foreclosures, liquidation and bankruptcies). Receives super references with high recommendation. B.S. degree. Married. Age: 33. $40,000 + + . Call Linda. NL-20 CE0f#2 OF COMMERCIAL RANN-Spent twelve of his twenty-one years in bank ing with a "blue chip” bank holding company. Diversified experience ranging from bank trainee, management branch office (staff of 5 and $3MM office), to second man position in a $10MM bank and handling real estate, installment and com mercial loans. Offers nine years as EVP, CEO of an aggressive $20MM ag bank. Well rounded bank experience. Community involved. ISU grad. Married. Age: 42. $40,000 (negotiable). NJ-22 V.P. AO LOANS—In charge of $10MM ag loans at $50MM bank for the past 3 yrs., this candidate was formerly a PCA loan officer. Strengths include constant in volvement with loan workouts, as well as ample exposure to other areas of banking. Highly praised by former supervisor. M.S. Ag. Married. Age 39. $34,000. Call Jean. “In some cases, a bank’s employees are the only distinguishing factor between the bank and its competition. We were able to hire the kind of individual we wanted through AGRicareerS.’’ Randy Schouten, Pres. Norwest Bank Montevideo, MN POSITIONS AVAILABLE CONFIDENTIAL. No contacts are made on your behalf without your prior knowledge and consent. Fees paid by employer. N-1 A8 REP—$50MM bank of top holding company seeks ag lender. Will have opportunity to work in other loan areas and farm management. Must have 11/2-4 yrs. ag lending exper. from bank or Farm Credit System, plus degree. Excellent location, benefits, and advance ment opportunity. $20-$25,000. N-2 A8 LOAN OFFICER—$35MM bank in S. IA needs per son with 2-3 yrs. ag lending exper. to assist with ag port folio (with relatively few problems). Room to move up in bank group. Credit Life insurance licenses helpful. $18-$24,000. N-3 C0MMERCIAL/A6 LOAN OFHCER—$40MM indepen dent bank near city. Must have min. of 3 yrs. exper. handling ag-related BUSINESS loans. $28-$35,000. N-4 VP—$35MM bank in good E. NE location needs person with 3-8 yrs. bank ag lending exper. to work with approx. $15MM in ag & ag bus. loans. Must have ability to work into EVP slot in near future, with potential to become CEO later. This is a well-capitalized, sound bank. Benefits include good profit sharing program. $28-$35,000. N-6 CASHIER/0PERATI0NS—$40MM ag bank seeking of ficer to be in charge of the day-to-day mechanics of bank. Requires operations expr. Wl. $30,000. N-7 BRANCH M8R—$14MM branch bank needs man ager in charge of operations and $10MM loan portfolio with major loan volume in ag. Experience necessary in banking and lending. Wl. $25-30,000 + . N-14 CEO—$25MM ag bank is seeking executive officer N-8 INSTALLMENT LENDER-Opportunity to increase dept, loan volume for a $40MM bank. Installment and leasing experience. Nebraska. $30-35,000. N-9 AVP—Report to Senior VP assisting with ag loans ($10MM). 1-3 yrs. bank, PCA or FHA expr. Good op portunity for advancement. IA. $20-25,000. N-10 A8 LENDER—$65MM ag bank seeking officer to work with Senior VP in ag loans ($9MM), documenta tion, farm inspections, & new business development. 3-5 yrs. bank expr. Four year degree. IA. $25-30,000. N-11 #2 IN A6 DEPT—#1 rated ag bank offers excellent opportunity in ag lending. Needs strong analytical skills and ag background. MN. $20-30,000. N-5 VP—Bank holding company affiliate seeking ag N-12 SR. LOAN OFFICER—$40MM western IA bank (major lender responsible for ag loan portfolio and float over in to commercial lending. 4-5 yrs. ag credit expr. Business development skills. IL. $30,000+ area with excellent benefits. holding company). Will be #2 in bank, in charge of over all lending duties. Requires a minimum of 6 yrs. bank lending experience, strong in ag. Good advancement opportunity. To $40,000. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis N-13 VP—Good opportunity for growth within bank chain. Ag lender needed in $20MM bank; small ag port folio in excellent condition. Handle documentation, farm inspections, analysis, and new customer development. Learn commercial lending. Requires 3-5 yrs. ag lending exper. from bank or PCA, and Ag degree. IL. $28-$35,000. to be in charge of bank operations, personnel and the lending function. Bank has above average capital struc ture. 10-15 yrs. experience in ag banking (operations, lending and management). Mature, idealistic, and goal oriented. Located close to a college town in Minnesota. Stock ownership available. $40-45,000. N-15 CEO—Assume number two position and have ad vancement potential to become CEO for a $20MM inde pendently owned ag bank in southern Minnesota. In charge of entire lending function (ag & comm.) $15MM portfolio. 10-15 yrs. ag banking experience required. Stock ownership possible. $45-50,000. N-16 C.E.O.—$2 0M M + independent bank in Wl. Have loan problems, but well capitalized. Need strong back ground in commercial and ag lending and collections. This is a long-term position. $35-$45,000. i YAKE, SPRENGER AND JENNINGS Getting it done for you. Ernie Yake Bill Sprenger Tom Jennings 234-2483 /J 4 -Z 4 Ö J S i234-2625 M -l ¿ J 4 -^ 4 0 4 234-2484 ^ Commerce Bank of Kansas car MEMBER FDIC South Dakota News The South Dakota Bankers A sso ciation is sponsoring a Bank Direc tors Seminar on Sept. 5 at the H oli day Inn in M itchell entitled “ The Bank’s Board of Directors: The K ey to Success in a Deregulated Envir onm ent.’’ Presenters will be Robert D ye and Don W right. Registration is at 8:30 and adjournment at 4:00. Advance registration is $80 and cost at the door is $90, and the fee in cludes refreshments, lunch and ma terials. Register through the S D B A office in Pierre. S IO U X F A L L S : A t W estern Bank, Doyle Stern and Rob Brink have been elected vice presidents. M r. Stern joined the bank in 1971. He has been manager of W estern Bank North in Sioux Falls for the past four years, and branch administra tor of W estern Bank in Hartford, Hum boldt and Colton for the past two years. H e will continue these management functions in his new position. M r. Brink becomes vice president of the m ortgage servicing department at the downtown loca tion. He has been with the bank since 1981, m ost recently as assis tant vice president of the mortgage servicing department. STO C K H O LM : Norman Moldenhauer has been named president of the Stockholm State Bank, succeed ing Ray Knapp. M r. Moldenhauer has been with the bank since 1984 when he was named vice president Tplpnhrm«» TelephoneiftiM (816)?^4-9nnn 234-2000 and senior lending officer. M r. Knapp is now the manager of Farm ers State Bank, Kranzburg. Illinois News E L M H U R S T : A t Elm hurst N a tional Bank, A llen F. M cGuire and Robert W . Youngm an have been promoted to senior vice presidents. M r. M cGuire joined the bank in 1981 as vice president and comptrol ler. H is position includes responsi bilities as secretary and controller of the bank. M r. Youngm an joined the management staff of the bank in 1983 as vice president responsible for new business development in the consumer banking division. In his new position he will be responsible for the consumer banking division and the marketing activities for Elm hurst National and its holding company, Illinois Marine Bancorp, Inc. * He has been with United Banks of W isconsin, Inc., M adison, for the past eleven years, m ost recently as assistant vice president-auditor. Montana News B O Z E M A N : Carl Bear has been elected senior vice president and sec ond officer of First Bank Bozeman. H e joined the bank in January 1984 as vice president and manager of credit administration, and was pro moted last M arch to vice president and manager of the lending division. Correspondent Banking Do you get personal service from your correspondent bank? If not, call United Missouri. F A R M E R S V IL L E : The State Bank of Farmersville has been closed by the state and its $11 million in de posit liabilities assumed by the Litchfield Bank and Trust, Litch field, 111., the Federal Deposit Insur ance Corp. announced. The Farmers ville bank is the second bank closed this year in Illinois. It also is the 38th agricultural bank to fail so far in 1985. At United Missouri Bank, you work on a continuing basis with a personal representative, at no cost. We make available to you the expertise of our cash management and balance reporting Specialists and calling officers. The result is continuity and a concern for your day-to-day operations. Personal attention makes the difference, and United Missouri is known for supplying that. Which is why we are considered one of the best in correspondent banking. Give us a call, today. Wisconsin News A P P L E T O N : Valley System s, Inc. has named Kenneth R. Nelson as vice president/affiliate procedures. lb UN ITED M ISSOURI BANK Member FDIC q J K a O S a S C it y 10th and Grand, P.0. Box 226 Kansas City, Missouri 64141 (816) 556-7900 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis tl* . Buy Direct From Factory — and Save! Financial Careers CALENDARS (1986) ADVERTISING SPECIALTIES Banking Specialists CEO for $60 million Independent mid-west bank. Excellent opportunity for person with good track record Salary open. C oll ud’ . . . We liAien! CEO for $20 million bank owned by multi-bank group. Re quires strong administrative and ag lending background . ............................................................................... Salary open (Serving The Banking Industry Since 1947) Send Sample - Indicate Quantity - We will quote — You Be The Judge — Standard Advertising Service, Inc. Box 432 • Council Bluffs, Iowa 51501 Confidentiality Maintained e Employer Paid Fees MORTGAGE BANKER for major multi-bank holding com pany. Must have knowledge of secondary market and com mercial mortgages.............................................Salary open. POSITION AVAILABLE TRUST OFFICER with two or more years experience for $90 million bank In college community .. Salary to $32,000 AG LOAN OFFICER—with strong ag lending skills to work in 7 million + bank. Send resumes and salary require ments to Arnold E. Domke, Pres., Bank of Wesslngton, PO Box 165, Wesslngton, SD 57381. (PA) CASHIER—$25 million Iowa State Bank, Fort Madison, seeks an Individual with 3 yrs. experience in bank operatlon/accounting. Excellent opportunity. Contact James C. Sodey, President at 319/372-1134.__________________ (PA) TRUST DEPT HEAD—$60 million Boone, Iowa, bank has opening for Dept. Head for growing $4 million trust dept. Business development and administrative skills a must. Minimum 2-3 years trust experience or law degree. $24-32K. Send resume to Bob Scott, President, Boone State Bank & Trust Co., Boone, Iowa. (PA) D O N -ficH O O LE R In A N D - t p p P A S S O C IA T E S "Successful Banking is Quality Personnel" POSITIONS AVAILABLE HEAD OF LENDING $70mm bank, 10,000 popula tion ........................................................... $40,000 + . SENIOR VICE PRESIDENT, HEAD OF LENDING $50mm bank, 10% ag, excellent location, excel lent organization, growth a r e a ................... $40,000 COMMERCIAL HEAD $200+ bank, 60,000 popula tion ........................................................... to $70,000 INVESTMENT OFFICER for major multi-bank holding com pany. Requires experience In bank of $200 million or more ...........................................................................Salary $50,000 BARBARA J. RITTA PAMELA J. SWENSON BANKING OPPORTUNITIES PRESIDENT $25mm 1,500 population, work out situations ..................................... $50,000 - $55,000 PRESIDENT $50mm + bank, college town .......... ........................................................$50,000 $55,000 REAL ESTATE/COMMERCIAL, SENIOR LENDING OFFICER eastern s ta te ............................. $125,000 BRANCH LOAN ADMINISTRATION, COMMER CIAL LENDER Florida ................................. $55,000 Many years in bank management enables me to find the right banking environment for you, com pletely confidentially. Send your resume or phone: DON W. SCHOOLER 2506 East Meadow Springfield, Missouri 65804 (417) 882-2265 POSITIONS AVAILABLE RE LENDER • Excellent position in white collar college town for an exp RE and comm’l lender. Must have mgmt skills, be a motivator, a leader and a desire for promotion to pres. $38K. CEO/PRES • $350mm multi-bank holding co has an open ing In key MW location for strong ag person with good gen eral skills. Oppty to have an Impact on you and your com pany's future. $50K. AG LOAN OFFICER • Well organized ag bank with $30mm in assets. Cashflows, workout and spread sheet analysis are big pluses. 3 + yrs exp In a bank and a commitment to move up in organization. $25K. PARTIAL LIST OF AVAILABLE POSITIONS FOR FURTHER INFORMATION FOR THESE AND OTHER POSITIONS RESPOND IN CONFIDENCE TO: KURT ROSENCRANTS AT (515) 244-4414 on o n no 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 ALL FEES COMPANY PAID COMMERCIAL LENDER with five or more years experi ence for bank of $125 million located in a city over 35,000 . ..............................................................................Salary open. AG LENDER for $40 million ag bank in Iowa. Position leads to number two person In the b a n k ..............................Salaryopen. position $30K. NUMBER TWO person for bank In university town. Must have commercial lending and development experience . . . ..................................................................... Salary to $40,000. TRUST INVESTMENT OFCR— large dept, 5 yrs exp required. $30-40K. Contact Barbara J. Ritta. MANAGER for $20 million eastern Iowa bank. Requires some experience In commercial and real estate lending .. ..............................................................................Salary open. PRESIDENTS— needed for 5 mldwestern open ings. 5-10 yrs exp required. Salaries open. Contact Pamela J. Swenson. AG LENDERS for community banks in a variety of loca tions............................................... Salaries range to $30,000. COMMERCIAL LENDER—expansion N.W. $100mm IL bank. Healthy bank. Contact Barbara J. Rltta. REAL ESTATE LENDER—$40mm bank central Wl. 4-5 yrs exp. Will handle all types loans. Compli ance an added plus. Upper $20's. Contact Pamela J. Swenson. For Professional Assistance Call 1- 800- 225-2885 CEO for independent bank In north central Io w a ................ ..............................................................................Salary open. CASHIER for southern Wisconsin community b a n k .......... ........................................................... ..........Salary to $35,000. Where will you be In your present job In five, ten or fifteen years? In a rut? Maybe you should contact Malcolm Freeland or Cy Kirk at Freeland Financial Service, 1010 Equitable Bldg., Des Moines, Iowa 50309. Phone 515/282-6462. Employer pays fee. In Nebraska 402-397-2885 WANT TO BUY ALL AROUND BANKER lake resort area, good earnings b a n k .............................. $30,000 - $40,000 COMMERCIAL LENDING/BUSINESS DEVELOP MENT $70mm top performing bank, growth area . ................................................................... to $50,000 NUMBER TWO person for western Iowa bank. Requires ag lending background and all around banking experience .. .....................................................................Salary to $40,000 PROFESSIONAL RECRUITERS USED COIN SORTER/COIN WRAPPER. Contact: D. Ledile, Ashton Bank & Trust, P.O. Box 208, Ashton, IL. 61006 (815) 453-7441. (WTB) BOX 24227 • OMAHA. NEBRASKA 68124 POSITIONS AVAILABLE W ANT ADS Rates are $5.00 per line per insertion. Add $3.00 for file letters per insertion. Identity of file letter advertisers cannot be revealed. NORTHWESTERN BANKER 1535 Linden St., Suite 201 Dee Moines, Iowa 50309 Phone 515/244-8163 Serving bankers quietly and efficiently. CAPITAL PERSONNEL SERVICE 714 First Interstate Bank Building Des Moines, Iowa 50309 515-283-2545 FOR SALE WANTED—A bank that needs: NCR 7750-2501 12 Pocket, NCR 7750-2201 12 Pocket, NCR 279-100 Teller, NCR 8251 Mini. Computer, NCR 9020 Mini. Computer and NCR 6420-2401 Printer. Call Bill or Bob at 308/384-5995, B.E.E. (FS) BANK CONSULTING FOR LENDING Loan risk-rating, bank risk-rating, work-out loan assistance, documentation audit, training. 8 yrs. exp. loan review/loan officer/bank counsel. Daniel W. Hansen 3827 Lindlavlsta, Des Moines, la. 50310 Phone: 515-278-9174 V.P. AG LOANS - $35M bank, E. Nebraska. 2-3 years ag loan experience, some work-out. Will lead to CEO. $25-35K. TRUST OFFICER • Head a $45 million trust dept. Need 3 or more years experience. To $35K. COMMERCIAL & INSTALLMENT LENDER - S.E. Nebraska. Need 3-4 years experience. To $30K. Richard L. Beam, CPC GUMBERT EXECUTIVE EXCHANGE, INC. 11246 Davenport Street Omaha, NE 68154 Phone: 402/330-3260 Member National Personnel Associates We're Nationwide POSITIONS AVAILABLE COMM’L LOAN - $100MM suburban bank with aggressive new ownership. Prefer five to seven yrs. experience in sim ilar size bank. $40K COMM’L LOAN/BIZ DEV - $80MM suburban bank affiliated with major holding company. Emphasis on new business development but need solid credit background. $35K SENIOR LENDER - $150MM suburban bank with large comm’l and real estate portfolio. Second position in bank with opportunity to advance. $Open REAL ESTATE LOAN - junior position in large suburban bank. Will assume some duties in construction and comm’l real estate depts. plus handle residential loans. $23K AGRI-LOAN - $25MM community bank with 50% of loans in agri-credits. Prefer background in cattle financing. $30K Additional positions available for experienced bankers.1 TOM HAGAN & ASSOCIATES 2024 Swift - Box 12346 North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry Since 1970” Vol. 14 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. 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