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Vol. 13 No. 19 Des Moines, Iowa Nebraska Bankers H it Special Bill N O FFICIAL statement from the Nebraska Bankers A ssocia tion strongly opposes a banking bill presented by Governor Robert Ker rey to the special session he called for the state legislature August 16, and especially hits hard at the meth od being used to try to force a vote on the issue “ without benefit o f a public hearing before the appropri ate legislative com m ittee.” The bill itself, as noted in last week’s Newsletter, would let the di rector o f banking take possession of a failing state-chartered financial in stitution and then sell it to an out-ofstate financial institution if one can not be found within Nebraska. The $75 m illion deposit Common wealth Savings Co. o f Lincoln folded nearly a year ago, leaving depositors with practically no recourse, be cause the state insurance fund set up for industrial banks in 1977 had only accumulated about $2 million to date. Recently, State Security Savings Co. o f Lincoln filed for Chapter 11 bankruptcy before the director o f banking could determine if it was insolvent. It was reported in the Nebraska press that one o f State Security’s officers, Bill W right, is a business associate and advisor o f Gov. Kerrey. The Governor’s call for a special session followed, to discuss the bail A out “ banking” bill and to look at reevaluation o f farm land for tax pur poses. When the legislators con vened August 16, the legislature’s executive board by-passed the com m ittee structure, where public hear ings could be held on the bill, and sent the controversial interstate banking issue directly to the floor. Sen. John DeCamp, who led the passage o f the 1983 bill authorizing multi-bank holding companies in Ne braska, and who had called a several state conference that year with other officials to discuss the poten tial for interstate banking, delivered a blistering attack on the executive board for its action which by-passed his com m ittee. However, the com m ittee vote o f 6-2 sent the bill to the floor. Sen. DeCamp then pursued a legislative rule on the floor that per m its a single senator to ask that the bill be sent back to the reference com m ittee and be assigned to a com mittee. The Speaker upheld Sen. DeCamp and sent LB3 to the refer ence com m ittee, which assigned it to the banking com m ittee. Sen. De Camp and his seven com m ittee members were to hold a hearing to day (Aug. 27) in the Capitol from noon to 3 p.m. In his strongly-worded news re lease, N BA President A.C. “ Skip” Hove, Jr., chairman o f Minden E x August 27,1984 change Bank & Trust Co., said “ The legislation deserves to be aired fully according to the rules o f the Nebras ka Unicameral and not forced down the throats o f the Senators.” “ The bill hadn’t even been printed for interested parties to see before the Executive Board m oved it to general file,” Mr. H ove said. He added, “ If all it takes is a simple ma jority on the Executive Board to overstep the normal com m ittee hearing process, the entire com m it tee system o f the Legislature is threatened and the system o f legisla tive checks and balances is jeopar dized. A s the industry which would be the m ost affected by this legisla tion, we deserve the right to be heard. “ This legislation would be detri mental to the econom ic future o f Ne braska as it would permit funds needed in this State for agricultural and other commercial purposes to be siphoned o ff to the money centers for use in other parts o f the country or in foreign countries.” The Nebraska Bankers Associa tion listed several other reasons for opposing the legislation and the E x ecutive Board’s action, including: 1. It has not been proven that this legislation is needed, and it is m ost certainly not needed for the con tinued operation o f federally-insured financial institutions because o f pro cedures already in place by the ASK STAN FARMER to make MNB work for you. Toll free: 1-800-332-5991 Merchants National Bank m Member F.D.I.C. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A BANKS OF IOWA' BANK RISMILLER, WEAVER AND YAKE Getting it done for you. it t i w r David Rismiller Chairman Warren Weaver President Ernie Yake Senior President Commerce Bank ofKansasSÇ NA MEMBER FDIC FDIC and the FSLIC to handle such cases. 2. This is classic, special-interest legislation designed to benefit a small number o f firms that have not yet qualified, for whatever reasons, for federal deposit insurance. Such special-interest legislation would severely im pact the entire structure o f Nebraska’s financial industry for the benefit o f a few. 3. The issue o f interstate banking, in whatever form, is very com plex. In fact, the Congress o f the United States hasn’t com e to terms with the question. Nebraska, in these eco nom ic times, should not risk offering itself as a testing ground for such a far-reaching experiment. 4. Such legislation would likely be o f little help in paying o ff the credi tors o f Commonwealth or State Se curity Savings, as no firm, dom estic or otherwise, unless it is gambling, is going to pay more for the assets than they’re actually worth. The banking laws o f Nebraska should not be sold as a political face-saver. 5. Far-reaching laws are already Telephone (816) 234-2000 on the books perm itting the State to handle insolvent State-chartered fi n an cial in s titu tio n s . T o rush through this type o f “ blank-check” legislation is both short-sighted and suspect. “ The legislative branch has a re sponsibility to the citizens o f Ne braska to hear all sides o f an issue. In this case, the Senators have heard the G overnor’s side, and they should take time to hear how others view the issue before making a deci sion, ’ ’ Mr. H ove concluded. □ Iowa News Iowa Bankers Insurance & Ser vices, Inc. will be holding a Credit Life Licensing School September 24-25 in Des M oines. On September 24, the General Section will run from }2:30 p.m. to 5:00 p.m. Credit Life Section will run from 8:00 a.m. to 12:30 p.m. on the second day and continue after lunch until 5:00 p.m. Exam inations will be offered at various times on the 26th. For more inform ation and to reg- ----- An old-fashioned Irish welcom e -----awaits visiting Iowa bankers!-------- tbe O c ib u d boon IR IS H IM P O R T S The Dublin D oor is bursting forth with an array o f original imports, direct from the cottages and factories of Ireland. * ister contact: Jeanette M. Ellington, IB IS, Des M oines. DES M OINES: Iowa Bankers Insurance and Services, Inc. is m oving to a new location September 1. The new address is 104 East Locust Street, Des Moines, 50308. A ll tele phone numbers will remain the same. H ILLS: The Hills Bank and Trust Co. will host its 12th Annual Beef Barbeque Friday, August 31, from 4 p.m. to 7 p.m. at Hills Ball Park. John Hughes, president o f the bank, said the staff anticipates serving ap proxim ately 7,500 people this year! Hills has a population o f 513 and Hills Bank & Trust has deposits o f approxim ately $125,000,000! ^ ™ ^ # • M ANCH ESTER: A n application was filed with the Comptroller A ug ust 15 for a new national bank char ter here. Organizers are: John O. 0 Beckman, co-owner and executive vice president o f Hawkeye Casting, Inc., Manchester; R. Dean Paris, president, and Stephen D. Paris, manager, Paris & Sons, Inc., Mason- 0 ville, la., and John Young, Jr., and Thomas L. Rozmarin o f Young, Rozmarin & Company, Omaha-based bank management and consulting firm. The latter firm recently re- 0 ceived approval for a national bank charter in W est Point, Nebr., and has another application on file for a national charter in Bellevue, Nebr., near Omaha. 0 Cavan Crystal: decanters, plates, dishes, wine glasses. Kerry Glass: an exquisite display of colorful eggs, vases, flowers. Belleek: wide assortment of Belleek Parian China. Sweaters: w ool and acrylic sweaters from Blarney Castle, Ltd. for the l’il people on your Christmas list. W e have kilts in resplendent plaids to co-ordinate with Aran hand-crocheted vests, sweaters, caps, gloves and mittens, as well as a full line of linen and cotton sweaters. Other: wide variety o f original Irish boutique gifts, books, songs, etc. Step through The Dublin D oor for a refreshing interlude o f Irish hospitality as you casually explore the wonders of Irish handiwork. Glenn and Clare Gannon, Proprietors 2 0 7 Fifth St. • W est D es Moines, la. 5 0 2 6 5 Phone: 5 1 5 /2 7 7 - 2 1 7 4 • Hours: 10-5 M on.-Sat. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Nebraska News LINCOLN: First National Lincoln will host its 24th Annual Correspondent Bank Conference at the Cornhusker H otel September 7-8, according to Gary Bieck, vice presi dent and head o f the correspondent bank division. Events start with a cocktail buffet Friday evening, Sep tember 7, from 6:30-8:30 p.m. A fter breakfast Satruday m orning at 7:15 a.m., a FirsTier video presentation will precede the traditional A g Panel discussion. This will be follow ed by 0 0 0 Call on the “Experienced Professionals” mS Ready to meet your correspondent needs. SSK A FirsTier Company the pre-game warmup and luncheon held in the bank building across the street prior to the Nebraska-Wyoming football game that opens the Comhuskers home season. Illinois News ARLINGTON H EIG H TS: Larry D. Young has been appointed commer cial banking vice president for Bank & Trust Company o f Arlington O M AH A: Robert E. Dahl has been Heights. Mr. Young form erly was a prom oted to senior vice president commercial loan vice president for business banking at Norwest Bank City National Bank, Torrance, Cali Omaha South. A lso prom oted was fornia, and has 13 years o f banking Gerry J. Lenczowski to vice presi and lending experience. dent. Mr. Dahl will also serve in the same position at Norwest Bank North Dakota News Omaha and manages the business M ANDAN: Dennis Renner has joined banking sector on a regional basis. the staff o f Norwest Bank Mandan, W EST POINT: Preliminary ap N. A. as vice president and manager, proval has been received from the agri-business loans. Mr. Renner has Comptroller for chartering o f Char been associated with Norwest Bank ter W est National Bank here, with Jamestown, N .A. since 1975. $1 m illion in capital. Thomas L. Rozmarin, a principal in Young, Rozmarin & Company, an Omaha bank Wyoming News management and consulting firm, CASPER: First Interstate Bank of said the bank will open late this year Casper recently announced the ap or early in 1985. Ownership o f the pointm ent o f Lynn B. Duncan as h old in g com pan y, N a tio n w id e vice president and director o f the BankShares, Inc., will be held by the marketing department. Prior to as original organizers: Hugh D. Paus suming this position with First Inand Steven L. Paus o f Paus M otor Sales; Jeffrey A . Silver, an Omaha attorney; John R. Young, Jr., and Mr. Rozmarin o f the organizing firm, Omaha, and other W est Point residents. The Young, Rozmarin firm also has an application on file for a national bank charter in Man chester, la. W est Point (3,600 pop.) has two banks—Farmers & Mer 1984 Bank Directories chants National, dep. $32 million, Accurate, up-to-date inform ation on every bank and First National, dep. $42 mil in the state, concerning: lion— and two s&ls. • Officers and Directors • né® Member, F.D.I.C. Ag Banking Positions Let us help you. Call the ag lending personnel specialists w ithout cost or obligation. Confidential. Employers pay us to hire the best. Linda: 515/394-5827 New Hampton, la. 50659 ■ Jean 515/263-9598 if no answer, 712/779-3567 Massena, Iowa 50853 aqnc4RE»s,iNa J AG BANKING SPECIALISTS terstate, Mr. Duncan was em ployed by W yom ing National Bank o f Cas per for seven years. He has been in the banking profession since 1955. CHEYENNE: Frontier Bank o f Lar amie County opened its doors earlier this month at 1501 S. Greeley High way. Jim Hunnicutt serves as presi dent o f Frontier Bank, which re ceived approval from the Federal Reserve April 5 o f this year. N o w A v a ila b le Estate Appraisals • • • • • Deposit, Loan and Securities figures Other o ffice s away from m ain bank Addresses and phone numbers Departments w ithin the bank and th e ir officers Correspondent banks used Purchase of Collections Sale o f Rare Coins Reliable and respected service for over 20 years Used by bankers throughout the midwest Ben E. Marlenee Coins 913 Locust Des Moines, Iowa 50309 515-243-8064 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis NEW 1 9 8 4 EDITIONS J _ I l Send me_____ copies of the 1984 edition of the NEBRASKA Bank Directory at $8.00 per copy. Nebraska — Nearly 200 pages. Iowa — Over 300 pages. CONVENIENT TO USE...lies flat for reading or copying (pages 3 ’/4" x 6 ’/2."). , Send me copies of the 1984 edition of the IOWA Bank Directory at $12.00 per copy. Our check is enclosed for $....... ..... . ..........(add state tax: Iowa @ 4% Nebr. @ 4%) Company Name ...... ........ ’ ! City and S ta t e ....................... Orders shipped by return mail . . . __ . Officer Name ....... ............................................................................................. _ P.O. Box or Street Address . . . . .. . .... ._ __________ _ ..........zip _______ Phone _________________ .. Area Code NORTHW ESTERN BANKER 306-15th St. Des Moines, Iowa 50309 W AN T ADS Rates are $5.00 per line per insertion. A dd $3.00 for file letters per insertion. Identity of file letter advertisers cannot be revealed. NORTHWESTERN BANKER 306 - 15th Street Des Moines, Iowa 50309 Phone 515/244-8163 BANKING OPPORTUNITIES Financial Careers TRUST DEPT. HEAD— metro SD. $65mm trust assets. $42K CEO for $80 m illion bank in midwest c ity of 35,000. Experi ence in commercial lending and adm inistration essential ............................................................................. Salary open. TRUST DEPT. HEADS & O F FIC E R S -5 openings in central & east IA. com m unities of 30,000 + . to $40K AG LENDER— 1 hr. from Minneapolis. Dept. Head in $45mm bank. $28K Sr. Ag Lender for large W isconsin bank. Must have experi ence in major ag credits and ag degree .Salary to $45,000. VP/AG LENDER—Central NE. #2 in $28mm bank, team management. $38K Sr. Ag Lender for large M innesota bank. Must be experi enced in handling large ag c r e d its ........ Salary to $45,000. AG LENDER—Central IL. Dept, head in $180mm bank. $30K Sr. Ag Lender for major Illinois bank. Must be experienced in working w ith large ag business customers and larger ag c r e d its ....................................................... Salary to $49,000. All inquiries are held confidential. Contact: Barbara Ritta PROFESSIONAL RECRUITERS, INC 6818 Grover Street Omaha, NE 68106 Phone 402/397-2885 TRUST DEPARTMENT HEAD Well established, central Wyoming bank seeks ex perienced individual w ith successful track record to head its new trust department. Excellent growth potential and benefits for the right indivi dual. Salary commensurate w ith experience and abilities. Send resume and salary history to: Ronald L. Cohen & Associates, P.O. Box 8776, Newport Beach, CA. 92658. (PA) LOAN WORKOUT SPECIALIST • LOAN WORKOUTS • LIQUIDATIONS • DOCUMENTATION 22 years experience in acquisitions and liquidations, write: WBX c/o, Northwestern Banker — A ll Replies Confidential — (PW) Trust Officer to handle trust and estates and make up tax reports. Investment experience and law degree not neces sary ..............................................................Salary to $35,000. Commercial Lender w ith experience In handling larger credits. Texas location. Excellent o p p o rtu n ity .................. ......................................................................Salary to $50,000. Commercial Lender for major Oklahoma institution. Must have experience in large credit lines, cash flow, etc........... ......................................................................Salary to $50,000. FOR SALE Number Two man for $30 m illion Illinois com m unity bank located on major duck fly w a y ................................ Salary to $38,000. BURROUGHS B-80 COMPUTER—Screen and disc drive. Contact Eugene Schulke, Corn Belt State Bank, Correctlonvi Ile, Iowa. Phone 712/372-4421. (FS) Available on a permanent or temporary basis in an on line or advisory capacity for: CEO for Nebraska com m unity bank. Excellent opportunity ................................................................... ..........Salary open. REFURBISHED PROOF MACHINES— Programmed, delivered and installed. Look and operate like new. Phone 308/384-5995. Bankers Electronic Equip. Inc., 380 N. Wal nut, Grand Island NE. (FS) 50 MICRO COMPUTER PROGRAMS— Fixed asset program list $1,995. Special $495 until September 15, 84. Phone 308/384-5995. B.E.E. Inc., 380 N. Walnut, Grand Is land NE. (FS) NEBRASKA BANK—Centrally located in good rural com munity. $10-$15 m illion deposits. Reply to file WBY, c/o Northwestern Banker. (FS) ATTORNEY • $40,000 Number two for major Iowa bank. Must have proven com mercial loan record............................................. Salary open. Number Two person for larger northern Iowa bank. Must have both commercial and ag lending experience. Former examiner background a p lu s .................................. Salary to $42,000. CEO for smaller eastern Iowa community bank. Salary open. Installment person w ith a year or so experience wanted by com m unity bank In eastern Iowa for compliance/collections and le n d in g .....................................................Salary to $18,000. EDP Auditor for billion dollar bank. W isconsin location . . . .....................................................................................Salary to $35,000. We have many other opportunities. Call or w rite Malcolm Freeland or Cy Kirk at Freeland Financial Service, Inc., 1010 Equitable Building, Des Moines, Iowa 50309. Phone 515/282-6462. Employer pays reasonable fee. POSITION AVAILABLE Legal counsel for an Omaha bank. Need 5 or more years of litigation, either private or corporation. Con tact: INSTALLMENT LOAN OFFICER — Minimum 3-5 years ex perience. Dealer floor plan experience required. Contact and resume by mail only. Attn.: Personnel Dept., University Bank and Trust Co., P.O. Box 1066 Welch Ave. Station, Ames. Iowa 50010. (PA) Richard Beam C.P.C. or Dorothy Minister, C.P.C. QUMBERT EXECUTIVE EXCHANGE, INC. 11246 Davenport Street Omaha, NE 66154 402/330-3260 (PA) COMMERCIAL LOAN OFFICER Continued loan growth at Valley National Bank has created a need in the Lending Division for an experienced Commercial Loan Officer. Valley Bank is a member of Banks of Iowa, Inc. which has over $1.8 billion in assets. Our bank’s ap proach to commercial banking is relationship oriented, professional, and personal. We seek an individual who shares this philosophy. The ideal candidate w ill possess strong credit skills, port fo lio management abilities, and a background in commercial business development. We are able to offer the right applicant an immediate oppor tunity w ith excellent career potential. Please send current resume and salary history to: Lois Krlebs, A.V.P., Personnel, Valley National Bank, P.O. Box 906, Des Moines, Iowa 50304. (PA) D O N -§lcH O O L E R in AND- M J ASSO CIATES "Successful Banking is Quality Personnel" If you would like to be informed of positions as they become available and if you are interested in chang ing your present position, send your resume or phone Don Schooler, 417-882-2265, 2508 East Meadow, Springfield, Missouri 65804. Information on you w ill be kept confidential until you are inter ested in a specific position. Eighteen years of banking serving as President of rural and metropolitan banks enables me to match you, technically and personally, with the right bank ing environment. POSITIONS CURRENTLY AVAILABLE Missouri, Iowa Oklahoma, Kansas, Arkansas, Illinois, and Nebraska BANKING Personnel - Wage & Salary Adm inistrator: metro bank; to $33 K President - CEO: $24 million ag bank; DIRECTOR, HUMAN RESOURCES, metro b a n k .......... No. 2 Person: $65 m illion ag bank. ..................................................................... $40,000-550,(XX) No. 2 Person: $17 million ag bank; PRESIDENT, CEO, $15,000,000 bank.......................... .........................................................$35,000 Minimum ASSISTANT CONTROLLER, population approx. 50,000........................................ $20,000-$25,000 PRESIDENT, New C harter............. $50,000 Minimum INSTALLMENT, #2, large bank, over 100,000 popula tion ................................................... $25,000 Minimum COMMERCIAL VICE PRESIDENT, $50-$100mm Bank, ideal to w n .............................................. $40,000Minimum COMMERCIAL LENDER, $60mm bank, population approx. 35,000...................................................$30,000Minimum HEAD CASHIER, $35mm bank, high growth area . . . .........................................................$25,000 Minimum PRESIDENT, $40mm bank, small town, excellent b e n e fits ...................... $40,000 Minimum to $50K to $27 K Commercial Lender $150 m illion metro bank; to $35K Are you degreed and ready for the next move up in your banking career? Do you want to work hard and be paid well? I want to tell you about my clients, if you meet the above prerequiits. Please call, in confidence: Phyllis S. Lynch STAFF AMERICA, INC. Commercial Federal Tower Suite 900 2120 South 72nd Street Omaha, Nebraska 68124 Phone 402/391-2065 (PA) POSITIONS AVAILABLE PRESIDENT - $30MM com m unity bank. Requires ag and commercial lending background................................. $Open COMMERCIAL LOAN • $100MM + bank w ith growth poten tial. Need five yrs. or more comml. lending and good busi ness development sk ills.................................................. $35K JR. COMMERCIAL LOAN • background in instal. credit, with some exposure to commercial lending for $25MM bank....................................................................................$25K SR. AGRILOAN - responsibility for all agricredits in $40MM rural bank. Opportunity for promotion to EVP...............$38K Additional opportunities available in midwestern states for experienced bankers. TOM HAGAN & ASSOCIATES 2024 Sw ift - Box 12346 North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry Since 1970” Vol. 13 No. 19 Northwestern Banker Newsletter (USPS 873-300) is published weekly by the Northwestern Banker Company, 306 Fif teenth Street, Des Moines, Iowa 50309, (515) 244-8163. Subscriptions $1.00 per copy, $18.00 per year. Second class postage paid at Des Moines, Iowa. Address all mail subscriptions, changes of address (Form 3579), manuscripts, mail items to above address. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
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