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Vol. 10 No. 18

Des Moines, Iowa

August 24,1981

ABA Lists Top 100 Ag Banks
HE NATION’S top 100 banks in
agricultural lending were identi­
T
fied by the American Bankers Associ­

Bank, Wells Fargo Bank, San
Francisco, takes the fifth place with
$277,730,000 in farm loans.
ation in a special report accompany­
Information published by the
ing the July issue of Agricultural ABA, with data compiled by the
Banker, a monthly publication of the FDIC, reveals that the four states
Association’s Agricultural Bankers with the largest number of banks
Division.
appearing in the top 100 agricultural
Agricultural banks, for purposes of lenders are Texas and Nebraska, each
this special report, are defined as with 11 banks named, California with
those banks with $2.5 million or more 9 banks, and Iowa with 8 banks. A
in farm loans and/or 50 percent of
their total loans directed to
agriculture. There are a total of 4,901
banks in the U .S. that qualify as
agricultural banks under this defini­
tion.
Bank of America, San Francisco,
CA, once again leads the list of
agricultural banks with total farm
lending at year end 1980 at total of 39 banks from those four
$1,675,853,000. Located in one of the states are listed in the top 100
nation’s top agriculture producing agricultural banks.
states, Bank of America has for
The Bank of Stockton, Calif,
several years been the leading showed the most significant change
agricultural lending bank in the as compared to last year’s top 100
nation.
list. At the end of 1979, the Bank of
The second and third position Stockton appeared as number 53. At
banks, also located in California, are year end, 1980, the bank was placed
Crocker National Bank, San Francis­ in the 21st position with $71,117,000
co, and Security Pacific Bank, Los in agriculture loans.
Angeles. Crocker had $482,876,000 in
Smallest banks in the top
total farm loans at the end of 1980 agriculture lenders list are: 94th place
while Security Pacific Bank indicated Ida County State Bank, Ida Grove,
$413,566,000 in farm loans.
la ., a $46 million bank with
Valley National Bank, Phoenix, $23,721,000 in agriculture loans; and
Ariz.,
is
fourth
place
with 97th place First National Bank,
$291,211,000, and another California Lemmon, S.D ., a $39 million bank

•

with $23,627,000 in loans to
agriculture.
For the first time this year, the
ABA report also identifies a list of
those banks who comprise the top ten
percent of agricultural bank lenders
located in five different regions of the
nation. The regions are the North­
east, Com Belt, South, Plains, and
the West.
The Com Belt, comprised of five
states, lists 139 banks, the greatest
number of banks of any of the five
regions. The Plains region, with six
states, is second with 126 banks
listed.
The total domestic deposits of the
smallest bank listed in each of the five
regions is similar in four of the
regions. In the South, the smallest
bank listed is the $17.7 million State
Bank and Trust Co., of Unadilla,
Georgia, providing $9,907,000 in
agricultural loans.
The Northeast region, comprised
of 15 states and Washington, DC,
identified the $19.2 million First
National Bank, Bankgor, W is., as
the smallest bank listed, devoting
$10,641,000 to agriculture. In the
Com Belt, the $19.6 million Farmers
State Bank of Hawarden, la .,
appears on the top 10% list as the
smallest bank in total domestic
deposits with $14,127,000 in agricul­
ture. In the Plains region, the $22.2
million Pender State Bank, Nebr., is
listed, devoting $16,126,000 in farm
loans.
The region of the West, comprised

C A L L O N T H E “P E R F O R M A N C E T E A M ”
where com m on transactions

•

are handled uncommonly well.

■ u m ilili

1

FIRST NATIONAL LINCOLN
•

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

13th & M Street • Lincoln, Nebraska 68501 • Member, F.D.I.C.

2

Linda Collins

IOWA-.

Team w ork:
One of the
reasons we’re
first in Iowa.

n e sM O in e s
U

M

M

NATIONAL BANK

Bank & Trust Co., died recently. Mr.
Watzke joined the bank as a teller in
1946.

M itch Christensen
E lectronic Banking

An Affiliate of Northwest Bancorporation
Mem ber

FDic

of thirteen states, contains the fewest
number of banks—only 29—making
the top 10% of banks identified as
agricultural banks. First National
Bank, Wray, Colo., a $40.3 million
bank, is the smallest bank on the list,
devoting $22,228,000 to agricultural
loans.
Total farm debt held by the top 100
banks identified in the A BA ’s top 100
agricultural banks list is over $7,901
billion, an increase of 5.6% over the
1979 figure, which was $7,478 billion.
This is compared to a 1.7% increase
for the total volume of agricultural
lending for all banks.
□

Banco

Call (515) 245-3131 or toll-free (800) 362-2514

to make MNB
work for you.
Toll free
1- 800- 332-5991

Merchants
A
National Bank 151
Member F.D.I.C.


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A BANKS OF IOWA’ BANK

0

#

National Bank, died recently of a
stroke.

TEKAMAH: Louis Venteicher has
joined First National Bank as an
JE F F E R SO N : Clay A. Miller has assistant vice president. He was
been promoted to vice president in formerly a senior examiner for the
the agriculture department at the State of Iowa Department of
Brenton State Bank here. Mr. Miller Banking.
joined the bank in 1978.

ODEBOLT: The Sac County District
Court has dismissed the petition of
Odebolt State Bank for judicial
review of a decision by the
superintendent of banking. That
decision by the superintendent of
banking was issued September 27,
1979, approving the move of Kiron
State Bank from Kiron to Odebolt
and retaining an office in Kiron. The
Iowa News
bank name was changed to Peoples
D ES M OINES: Emil R. Bowlin, 84, State Bank. The suit was dismissed
retired vice president of Central on the basis that the superintendent
of banking was not named as a party
to the action “and the Court,
therefore, lacks subject matter
jurisdiction.” The Court further ruled
that the decision of the superinten­
dent allowing the move to Odebolt ‘ ‘is
supported by substantial evidence.”
The petition for judicial review was
dismissed, costs for the action were
taxed to the petitioner, and the
intervenor’s petition (Kiron State
Bank) for damages were dismissed.
The Iowa Attorney General represen­
ted Superintendent of Banking Tom
Huston.

ASK
JOHN MANGOLD

OGALL ALA: David C . Doll has been
elected president of the Keith County
Bank & Trust Co., it was announced
by Mel Adams, chairman. Mr.
Adams, who has been president, will
continue to serve as chairman and
chief executive officer. Mr. Doll, who
has been executive vice president and
trust officer, was also elected to the
board.

Minnesota News
FER G U S FA LLS: Northwestern
Bank recently held a grand opening
to celebrate the completion of its new
facility. The celebration, which
included a ribbon-cutting ceremony,
guided tours, refreshments and
entertainment, was hosted by Robert
D. Phillips, president.

£

•

•

FR ID L E Y : John H. Gargaro has
joined the staff of the Fridley State
Bank as an assistant vice president,
with duties in commercigli, real estate
and consumer lending.

0

LEOTA: The State Bank of Kenneth
recently opened an office here,
according to Joseph Clark, executive
vice president. Dalwyn Schelhaas
will be the managing officer.

®

M INNEAPOLIS: William Wallman
has been named senior vice president
and trust officer of Midland National
Bank. He joined the bank in 1957 and
has been vice president since 1970.

RUSH CITY: Jack Budimlija, 51,
has been appointed president and
cashier of the First State Bank,
Nebraska News
replacing George D. Crockett, who
FA LLS CITY: Bryan K. Watzke, 72, recently retired. Mr. Budimlija was
cashier at the Richardson County formerly with the Peoples State Bank

Single System Banking
With
Availability
Availability of funds... availability of people...
responsive to your needs.

National Bank of Waterbo
Waterloo, Iowa 50704 Member FDIC

Phone Milt Hennick
at 1-800-772-2411.

q

®

0

Supplement to
Northwestern Banker Newsletter
8-24-81

Carleton D. Beh Company
Investment Bankers / Financial Consultants
1300 Des Moines Building / Des Moines, Iowa 50309
5 1 5 /2 8 8 -2 1 5 2

NEW ISSUE

SALE DATE:

August 19,1981

$345,000
ATLANTIC, IOWA
General Obligation Bonds
Dated:
•

Denomination:

July 1,1981

$5,000

Both principal and semiannual interest (June 1 and December 1, first coupon due on December 1,1981) payable at
the office of the City Treasurer, Atlantic, Iowa.
IN THE OPINION OF COUNSEL INTEREST ON THESE BONDS IS EXEMPT FROM ALL PRESENT
FEDERAL INCOME TAXATION AND ALL PROPERTY TAXATION IN THE STATE OF IOWA.
MATURITIES

#
$20,000
20,000
20,000
25,000
25,000
25,000
30,000

10.75%
June 1, 1983
June 1, 1984
June 1, 1985
June 1, 1986
June 1, 1987
June 1, 1988
June 1, 1989

9.00
9.25
9.50
9.75
10.00
10.20
10.40

$30,000
30,000
40,000
40,000
40,000

#

#

10.60%
June 1, 1990
10.80%
June 1, 1991
11.00%
June 1, 1992
11.10%
June 1, 1993
11.20%
June 1, 1994

10.60
10.80
11.00
11.10
11.20

LEGALITY TO BE APPROVED BY AHLERS, COONEY, DORWEILER, HAYNIE& SMITH, ATTORNEYS,
DES MOINES, IOWA
Atlantic, the county seat of Cass County, is located in western Iowa approximately 70 miles west of Des Moines and 50 miles east of
Council Bluffs-Omaha, Nebraska. Atlantic serves as the major trading center for the majority of western Iowa. Major employers located in
Atlantic include: Allied Mills (livestock feed); American Building Company (steel buildings); Atlantic Bottling Co. (soft drinks); Beaudine
Manufacturing Co. (lamp shades); W. R. Grace (Walnut Grove feed supplements); and Gould, Inc. (sleeve bearings). The City owns and
successfully operated its electric, water and sewer systems. Transportation is provided by one railroad, one interstate highway, two U S.
highways and one Iowa highway. There are two banks located in Atlantic with total deposits in excess of $105,449,000.
These bonds are being issued under the provisions of Chapter 384, Code of Iowa, 1981, as amended to finance the construction and
reconstruction of sanitary sewers within the City. In the opinion of counsel, these bonds are legal and binding general obligations of the
City of Atlantic, Iowa, and all taxable property located therein is subject to the levy of sufficient taxes to pay the principal of and interest on
the bonds without limit as to rate or amount.

FINANCIAL STATEMENT
Actual value taxable property, 1980
Assessed value taxable property, 1980
Direct debt, including this issue
Total direct and overlapping debt
Population, 1980Census: 7,789

$121,408,528
92,452,238
985,000
1,062,718
Direct debt per capita: $126.46
Total debt per capita:
136.44
Tax collections have approximated 101.8% of taxes levied for the past five years.
We own and offer subject to prior sale and change in price and subject to our attorney’s approving opinion:
The information contained herein is not guaranteed, but is derived from sources we deem reliable and is that on which our purchase of these bonds are based.
Bonds of a particular maturity may or may not still be available or may now be available at a price or yield different from that indicated above.


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Federal Reserve Bank of St. Louis

Division of

H u tto n

& Company Inc.


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Federal Reserve Bank of St. Louis

BANKERS PARTICIPATING

Purchase o f
Collections

I
FOR PERSONAL COLLECTION
Also paying top prices for other
“types” of U.S. currency and finan­
cial paper.

Used by bankers
throughout the midwest

Ben E . Marlenee
Coins
913 Locust
Des Moines, Iowa 50309
515-243-8064

0

0

North Dakota News
#

#

%

DON MARK
B o x i, Adel, IA 50003 * 515/ 993-3024

show at the luncheon and convention
banquet.

BISM ARCK: Doris Herr has been
named vice president-consumer loans
of Augusta, Wis. as vice president at Dakota Northwestern Bank. Ms.
Herr joined the bank in 1967, and
and chief loan officer.
established and managed the bank’s
loan service department.
Illinois News
CHICAGO: An investor group
headed by First Colonial Bankshares
has announced the purchase of
controlling interest in the $33 million
asset All American Bank on
Chicago’s northwest side.
C. Paul Johnson, president of First
Colonial Bankshares, the holding
company of $182 million asset
Colonial Bank & Trust Co., said that
the purchase has been approved by
regulatory authorities and that he
will serve as chief executive officer of
the bank. Raymond J . Wojnar will
remain as president and chief
operating officer.
The Independent Community
Banks of North Dakota will hold its
Annual Convention at the Holiday
Inn in Dickinson September 16-17.
Topics to be covered at the meeting
will include EEO Compliance,
Extending Ag Bank Services, IBAA
and Independent Banking in the ’80s,
Corporation Farming and Employe
Management and Relations. Other
activities will include a chuckwagon
barbeque, dance featuring the Lloyd
Johnson Trio, art gallery, fashion

Des Moines. Io w a 50312

R. L. “ DICK” SELLON

R eliab le and resp ected service
for over 20 years

^

I LeasePlan, Inc.

5 45 - 31st Streét

Sale o f Rare Coins

•

3

IOWA NATIONAL BANK CURRENCY

Estate Appraisals

W ILLISTON: Richard O. Brudvik
has joined the First National Bank &
Trust Co. in the trust department,
President Duane W. Sorenson ha«
announced.

South Dakota News
A BERD EEN : The following staff
changes have been announced at the
First National Bank according to
A.M. Severson, president: Elmer
Goetz has been promoted to
executive vice president and second
officer; D.W. McDermott, who
recently returned to the bank, was
elected senior vice president and
managing officer, and Robert B .
Good was advanced to senior vice
president and will continue to serve
as chief finance administrative
officer. Donald C. Anderson will be
senior vice president, branch administraton.

served as a national bank examiner
with the Comptroller of the Currency.

Colorado News
The Independent Bankers of
Colorado will hold its 1981 Annual
Meeting September 17, 18 and 19 at
The Lodge in Vail. Of special
importance will be additional infor­
mation about IB C ’s marketing
program, new legislation effecting
agri-banking, the introduction of
Colorado’s new Banking Commis­
sioner, election of officers and
directors and entertainment by
“Kirk” Kirkpatrick from Atlanta,
Ga. Registration begins at 9:00 a.m.
September 17 in the lobby. The
convention adjourns at 2:00 p.m.
September 19.

GET THE
COMPETITIVE EDGE
over savings and loan,
credit unions, etc.
This “ on-premise” system
gives you complete inde­
pendence, competitive flex­
ibility and control.

Wyoming News
JACKSON: Jeffrey Fueschsel has
been named vice president-loan
administration at Jackson State
Bank. He was previously a commer­
cial lender with Cherry Creek
National Bank in Denver and has also

We’re people you can
turn to for investments.
For investment services, data processing, ag lending
and overlines . . . we’re the people you can turn to.

Get tighter instantaneous
reporting in every phase of
yo u r o p e ra tio n . A t the
sam e tim e reduce you r
operating costs.
A program for your every
need — and m ore. The
best banking system in the
industry.

We’re more than western Iowa’s largest bank,
We’re people.
Jim Hongslo
Vice President

Modern Banking System s, Inc.

712/277-6625

SECURITY NATIONAL BANK
IN SIOUX CITY, IOWA. MEMBER F.D.I.C.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

© 1980 Security National Bank

6818 Grover St.,
Om aha, Nebraska 68106
(402) 392-0151

I

□ I would like to sell my
majority bank stock.
□ I would like to buy ma­
jority bank stock.
Please Contact: J. Mason Henry

Charles E. Walters Co., Inc.
■

l

39 GingerWoods Road, Valley, Nebraska68064
Phone: (402) 553-6400

____ ____________ _________ r
BANKING PLACEMENTS
“Successful Banking is Quality Personnel”
Eighteen years banking experience serving as
president of rural and metropolitan banks enables
me to find the “right” banking position for you as a
banker or the “right” officer for your bank.

WANTADS
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
306 -1 5th Street
Des Moines, Iowa50309
Phone 515/244-8163
ATM Supplier
We can supply a variety of on-line and off-line
machines; all at fractions less than new. We
handle Docutell, IBM, Diebold and NCR.
Now Available:
• 1-NCR 1780 NEW-on-llne, never been used.
• Docutell TT300’s-on-line and off-line. Can be
upgraded to a TT2300.
• 2-IBM 3614-on-line with off-line fall back.
Contact Mark Berryman at 214-757-7760

D O N •'S^CH C XXER it"
AND (irv W J ASSOCIATES

901 A. West Jackson* Ozark, Missouri 65721
417/485-6020
COMPLETELY CONFIDENTIAL
_____________ “Employment Service”_____________

Burroughs S-1000 12 pocket proof machine.
Purchased new 1978. $5,500.00. Towner County State
Bank, Cando, North Dakota. Phone 701-968-4421 .(FS)
MUST SELL IN 30 DAYS. NCR posting machine,
Diebold vault door, and 6-unit teller counter with
LeFebure undercounter equipment. Call (308)
632-4158.____________________________________ (FS)
NCR Postronic. Contact Bank of Brainard, Brainard,
N E 68626. Phone(402) 545-2011._______________ (FS)

POSITIONS AVAILABLE

Bank for Sale

Commercial Loan Officer for major Iowa bank. $25,000

$24,000,000 high performing bank located in
Upper Northwest. Prosperous service area.
Principals only. Cash or terms.

Commercial Loan Officer for central Iowa bank$24,000

POSITIONS WANTED
Operations Officer of $20 million Upper Midwest'bank
seeks new opportunity..........................................$20,000

Ag Lender for eastern South Dakota bank . . . .$23,500
Data Processing Sales for major Iowa bank . . .$20,000
Bank Marketing position in major eastern Iowa
b a n k ..................... .......................................Salary open.
Write or phone Malcolm Freeland, Freeland Financial
Service, Inc., 246 Insurance Exchange Bldg., Des
Moines, IA 50309. Phone 515/282-6462. Employer
pays fee.________________________________________

Ag Lender seeks central Illinois po sitio n .........$24,000
CEO in northern Illinois bank of $50 million seeks new
p o s itio n ................................................................... $40,000
Senior Ag Lender from Iow a................................. $30,000
Operations Officer in Nebraska wants to move to
Mountain S ta te s .................................................... $18,500
Ag Lender in Iowa with insurance licenses . . . $22,000

Banking
Specialists
1968
* SI NCE

Commercial Lender wants position within150 miles of
O m a h a ..................................................................... $25,000

When it comet te agriculture, banking and
personnel. . . go to the specialists — go to
AGRIcareers, Inc.

CEO with solid lending exp. and examiner background
wants western Iowa J o b ....... .............................$36,000

Progressive bankers pay us to find the people
they need.

Write or phone Malcolm Freeland, Freeland Financial
Service, Inc., 246 Insurance Exchange Bldg., Des
Moines, IA 50309. Phone 515/282-6462. Employer
pays fee.________________________________________

Retail Finance Rep . . . IA / N E . $20-22,000
2 Ag Lending Officers___ N D . $20-24,000
Ag Loan O fficer/ Insurance IA . $15-20,000
Professional Farm Mgrs. ( 2 ) ........IA & IL .
......................................................$20-25,000
Ag Lending O ffic e r...........N E . $15-16,000
Sales & Mktg. R ep............ N Y . $20-25,000
Ask the ag banking specialists what’s
available without cost or obligation.

BANK PLACEMENT SPECIALISTS
(Our 33rd year)
Call experienced professionals to locate the
right candidate for your vacancy . . . or the right
“move-up” for yourself.
CORPORATE RECRUITERS
MIDWEST BANKING DIVISION
525 Commercial Tower
402/393-5515
Omaha, Nebraska 68124

REAL ESTATE LENDER - Presently branch.mgr with 4
yrsexp in R E Lending. Other resp include collections
and investments. Licensed In all lines of Insurance.
$18,000.
INSTALLMENT - BA degree in Business Admin.
Branch mgr with primary resp of installment lending.
$ 20, 000.

V.P. LENDING - 9 yrs exp with emphasis in
installment, ag, commercial and R E Tending. Has ins
and R E licenses. $25,000.
ASST V.P. - BA degree with finance major. Lending
capacities in all areas. Also exp in operations and
marketing. $26,000.
COMMERCIAL LENDER - 9 yrs banking exp with
concentration in commercial lending. Responsible
also as the banks compliance officer. Has bachelor’s
degree and ins license. $25,000.
TRUST OFFICER - Over 11 yrs exp with major
emphasis
in
Trust
Admin,
New
Business
Development and Investments with the overall resp of
the Trust Dept. $28,000.
ALL FEES COMPANY PAID.
FOR FURTHER INFORMATION
RESPOND IN CONFIDENCETO:
Bank Division

FOR SALE

Ag Lending position in northwest Iowa, immediate
o p e n in g ................................................................... $22,000

Ellis Jones, Broker
205 S. Eaton St.
Lakewood, Colo. 80226
Tel. (303)232-1189

PARTIAL LIST OF
AVAILABLE APPLICANTS

NEW HAMPTON. IA 50659 MASSENA. IA 50853
I (515) 394-3145
(712) 779-3744

North Carolina Locating & Recovery Service
Statewide— Since 1922

HOME DETECTIVE COMPANY, INC.
Administrative Offices • H O Sou th Walnut Circle • Greensboro, NC27409
Field Divisions:
Ashevl I le*Charlotte* Durham* Raleigh* Fayettevil le* Jacksonvi lie* Rocky Mount*Tabor City
[919] 299-1641
Bonded • Dependable
59th Year
Licensed • Trustworthy

ROBERT HALF

of Iowa, Inc.

317 èth Ave.
Des Moines, IA 50309
(515) 244-4414

ALL F E E S COMPANY PAID

POSITION AVAILABLE
AG LOAN OFFICER for $42 million northwest Iowa
bank. Must have loan experience to handle $12 million
loan department. Excellent opportunity. Send resume
and salary requirements to file NBY, c /o
Northwestern Banker._________________________ (PA)
Opening for Loan Officer in $18 million northwestern
Illinois Bank. Duties will include installment and
commercial lending and business development.
Excellent community; good growth potential. Send
resume and salary requirments to file OBA, c /o
Northwestern Banker._________________________ (PA)
$50 m illion central Iowa bank desires senior level
operation officer. Must have experience. Salary open.
Please send resume to file OBC, c /o Northwestern
Banker.________________________________
(PA)
Immediate opening in $11 million bank situated in
northeastern part of Nebraska. Loan officer for 2nd
position. Send resume to File OBB, cl o Northwestern
Banker._____________
(PA)

POSITIONS AVAILABLE
PRESIDENT - suburban bank of $30M M . Require­
ments include solid commercial loan experience and
proven ability to generate new business.
$45,000
SENIOR LOAN OFFICER - supervise loan portfolio for
$20MM bank located in western state. Must have
commercial and ag lending expertise.
$28,000
CONTROLLER - $60MM bank in western Kansas
desires operations officer with accounting degree.
Future advancement possible.
$25,000
OPERATIONS OFFICER - medium size southern
Missouri bank close to several resort areas. Prefer
degree and 4-6 yrs. experience with bank of $50MM or
more.
$27,000
COMMERCIAL LOAN OFFICER - $50MM bank in nice
Iowa community. Minimum 3 yrs. commercial
experience with some exposure to ag credits. $25,000
EXEC. VICE PRESIDENT - suburban area bank of
$40MM seeks second officer with commercial loan
experience. Opportunity to assume president’s
position in 3 yrs.
$33,000
M ANAGEM ENT TRAINEE - small rural area bank
seeks recent college grad who is interested in a
lending position.
$12,000
Many additional opportunities for experienced
bankers available. Your inquiry is held in confidence.
Salary history and resume’ requested.

TOM HAG AN & ASSOCIATES
of Kansas City
P.O. Box 12346,2024 Swift
North Kansas City, MO 64116
816/474-6874
“Serving the Banking Industry Since1970"

Voi. 10 No. 18 Northwestern Banker Newsletter [USPS 873-300] is published weekly by the Northwestern Banker Company, 306
Fifteenth Street, Des Moines, Iowa 50309. Subscriptions $1.00 per copy, $15.00 per year. Second class postage paid at Des Moines,
Iowa. Address all mail subscriptions, changes of address [Form 3579], manuscripts, mail items to above address.

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