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Vol. 12 No. 16 Des Moines, Iowa B rief Services, N o Tears for W ithholding House and Senate con W HEN ferees finally agreed on July 27 to kill the ill-conceived 10% with holding at source law it had enacted last year, the funeral was reminis cent of one from the Old West Boot Hill services— no tears, curious onlookers and some officials on hand to make sure the undesirable was ac tually put six feet under. After con ferees signed the death certificate and agreed that the funeral should be held, the House of Represen tatives nailed the coffin shut by a vote of 392-18 and 6 present, then the Senate lowered it out of sight by a vote of 90-7. It was furnished without charge by citizens grateful for the removal of the unwanted resident, by the American Bankers Association and the Independent Bankers Associa tion of America. Since an exasperated Treasury Secretary Donald Regan had earlier authorized a “ final” delay of with holding implementation to August 5, it was a foregone conclusion last week that President Reagan would sign the bill by weekend, as he stated publicly he would. No tears were evident at the ser vices. The debts the deceased left behind—uncollected taxes from those who cheat on their interest and dividend reporting—were taken care of by the will, or rather bill, which provides a minimum of $300 million additional funding for the IRS posse to catch the bad guys dur ing FYI 1984-88 and the conferees preference for at least an additional $600 million over that period to im plement the compliance program agreed to. In addition, the IRS posse is au thorized to pursue known bad guys on which it definitely has “ wanted” posters by prevailing on the local banker to institute backup withhold August 8,1983 ing at a rate of 20%. That with holding wrill continue to the end of the year in which the wayward tax payer mends his ways and pays up. If it happens after October 15, the withholding will continue through the local bank or s&l for a full calen dar year. The posse has to give the “ want ed” guys a four-month advance warning, send them four notices before instituting backup withhold ing—and then the local banker gets 30 days in which to set the with holding in motion. In the meantime, if the rustlers move away, the federal posse will have to trail them to another rail head. They’ll get help on this by re quiring that after December 31, 1983, new folks in town who open ac counts and brokerage relationships must fork over to the bank or s&l a sworn certificate posting their tax payer ID number and whether they are “ wanted” in another county for backup withholding. This might be like asking Jesse James to check in with the Marshal when he gets to town, but at least it’s a start in the right direction of tracking down the real varmints. In any event, the poor, unwanted soul has been laid to rest and his dis tant cousin, Backup Withholding, will try to redeem the family ranch by himself and beat off the rustlers! But, with the help of his friendly banker, let’s hope he gets the job done! □ CALL ON THE “PERFORMANCE TEA M ” where com m on transactions are handled uncommonly well. I■ ■ ■ Ill F IR S T N A T I O N A L L I N C O L N 13th & M Street • Lincoln, Nebraska 68501 • Member, F.D.I.C. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Hk H Call (515) 245-3131 or toll-free (800) 362-2514 Member FDIC ‘Teamwork: one of the reasons we’re first in Iowa. Iowa News Monday, August 29 with golf at Echo Valley Golf and Country Club and tennis at Racquet Club West. Both tournaments begin at noon with prizes given away for the first hole-in-one on #8 and #3, and for the closest to the pin on #14. A $40 per person fee includes golf or tennis, dinner and prizes. Dinner only is $25. Send reservations and registra tion fees to Hyatt Des Moines, 6215 Fleur Drive, Des Moines, Iowa 50321; attention Peter Wilde; 515/285-1234 X193. DES MOINES: Beginning August 8 and lasting one week, Norwest Bank Des Moines, N.A. will offer 11% loans to qualified local residents for purchases made in Polk or Warren counties. According to George F. Milligan, president and COO, bank management decided to reduce con sumer loan rates to stimulate local trade and to promote the opening of the bank’s new office located at 100th and University Avenue. The 11 % rate will be available at any of the six Norwest offices in Des DES MOINES: Henrietta Steig, the Moines between August 8 and Aug mother of Randy Steig, executive di ust 15. rector of the Iowa Bankers Associ ation, died July 25 in a Des Moines DES MOINES: The First Annual hospital following a lengthy illness. Hyatt Benefit Golf and Tennis Tour Funeral services were held in the nament for Hospice will be held family’s home town of Lake City Ju ly 28. DES MOINES: Acquisition of the $93 million asset Plaza State Bank by United Central Bancshares, Inc., Des Moines based multi-bank hold ing company, was completed July 29. The joint announcement was made by UCB President Kenneth M. Myers and Plaza State President John Harmeyer. All outstanding shares were tendered in exchange for UCB holding company shares. ASK JERRY TRUDO to make MNB work for you. Toll free 1-800-332-5991 Merchants ^ National Bank 151 A BANKS OF IOWA' BANK Bank Consultants Specializing in Bank Acquisitions 515-232-0814 P.O. Box 450 405 Main Ames, Iowa 50010 D o n a l d E. H o l d e r , Principal Nebraska News Jan Townsend Bernie Kersey Member F.D.I.C. c d fo id s x a n d c Z ^fn o a L a tz i Norwest Bank Des Moines , N.A. mmmmm NORWEST BANKS mmmmm mm'imm ELKADER: Arthur J. Johnson, chairman of the board of Central State Bank recently passed away after a long illness. Mr. Johnson had been associated with banking the past 61 years. CALLAW AY: Following the annual meeting of shareholders of the Seven Valleys State Bank, Homer Pierce, president, announced the promotion of James Smith to vice f president and loan officer. Mr. ! Smith joined the bank in 1974. OMAHA: Mutual of Omaha Com panies recently completed the acquisition of Kirkpatrick, Pettis, Smith, Polian Inc., an Omaha-based investment banking and securities brokerage firm. KPSP will continue to maintain offices in Omaha and Lincoln under the same name with no changes in personnel. ^ £ Minnesota News | MINNEAPOLIS: Norwest Corporation and Oxford Properties Inc., an nounced last week tentative plans for a high-rise office building-retail complex to replace the burned out shell of the old Norwest Bank Building, which will be torn down. Ex pected cost is $150-$200 million with 1-1.5 million square feet of of fice space. Construction is scheduled to begin next summer, with completion in 1987. The complex will oc cupy the entire square block on the present site of the old building. # MINNEAPOLIS: Gerald A. Kraut and Thomas E. Leary have been elected senior vice presidents by First Bank Minneapolis. Mr. Kraut, who joined the bank in 1973, now heads a new capital markets and treasury group which combines the bank’s funding and securities sales functions. Mr. Leary joined in 1957 and is assuming responsibility as head of the credit administration department where he had been vice president since June, 1982. 4 Professional Responsive... Call Mark Christen for any correspondent service. Call toll free (800) 622-7262 Valley National Bank ill A BANKS OF IOWA' BANK DES MOINES, IOWA 50304 Member FDIC https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ^ • • m % Hutton 3 One Carriers Building Des Moines, Iowa 50309 Telephone: (515) 243-1203 PRELIM INARY O FFER IN G Selling: Tuesday, August 9,1983 12:00 o’clock Noon S&P: AAA (AMBAC & MBIA) MOO DY’S: B aal We own and offer subject to prior sale and change in price and subject to our attorney’s approving opinion: $5,500,000 BOONE C O M M U N ITY SCHOOL DISTRICT, IOWA School Building Bonds DATED: August 1,1983 DENOMINATION: $5,000 Both principal and semiannual interest (June 1 and December 1; first coupon due June 1, 1984) payable at Citizens National Bank of Boone, Iowa IN THE OPINION OF COUNSEL INTEREST ON THESE BONDS IS EXEMPT FROM ALL PRESENT FEDERAL INCOME TAXES. MATURITIES • $140,000 155,000 170,000 185,000 205,000 225,000 245,000 270,000 295,000 June June June June June June June June June 1, 1, 1, 1, 1, 1, 1, 1, 1, $320,000 350,000 385,000 425,000 465,000 505,000 555,000 605,000 1985 1986 1987 1988 1989 1990 1991 1992 1993 June June June June June June June June 1,1994 1,1995 1,1996 1,1997 1,1998 1, 1999 1, 2000 1, 2001 ‘ Callable June 1, 1993 at 102% declining to 100% ^ LEGALITY TO BE APPROVED BY BELIN, HARRIS, HELMICK & HEARTNEY, ATTORNEYS, DES MOINES, IOWA • The City of Boone is located in central Iowa approximately 45 miles north of Des Moines. The Boone County annual fair is held in August at the town of Boone which is the county seat. The fa ir consists of 22 acres, livestock and poultry buildings, county auditorium with 1,000 seating capacity. Major employers in the City include Quinn Manufacturing (concrete tile forms); Merit Baking (Archway Cookies); Gates Rubber Company (hydraulic hose connectors) and Mid-States Steel (metal fabricators). Transportation is provided by U.S. Highway 30 and Highway 17. Boone has two banks with assets over $99,800,000 and two savings and loan associations with assets of $103,733,306. These bonds are being issued for the purpose of remodeling and furnishing the existing junior-senior high school and building and furnishing an addition thereto. • FINANCIAL STATEMENT % Assessed Valuation, 1983 Actual Valuation, 1983 Net Direct Debt, including this issue Net Direct Overlapping and Underlying Debt Population, 1983 estimate: Net Direct Debt: Combined Net Debt: $203,671,734.00 262,813,994.00 5,500,000.00 10,684,516.00 12,602 $366.67 per capita $712.30 per capita nformation 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. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis M innesota Independents M eet Aug. 18-21 P.M. 12:00 Luncheon, Jean Vincel, Bar clays Traveler Check Program. 12:30 Ladies luncheon, Arrowwood dining room. Men’s annual golf tourna ment (9 hole), and mixed ten nis tournament. 5:30 Cocktail party, ballroom. HE Independent Bankers of 6:45 Welcome night dinner/dance, Clem Brau & the Jolly Lum Minnesota will meet again this berjacks, ballroom. year at the Arrowwood Lodge, Alex Cocktails sponsored by exec andria, for their Annual Convention utive council and: American being held August 18-21. National Bank & Trust Co., Serving the association this past St. Paul; F&M Marquette, year were President Lowell Wake and Independent State Bank field, president, First National Bank Saturday, August 20 of Minnesota, Minneapolis, A.M. of Wayzata; First Vice President 7:00 Information desk opens. and Midway National Bank, Larry R. Lindeberg, president, For 7:30 Breakfast, convention hall. St. Paul. est Lake State Bank; Second Vice Ladies breakfast, Arrowwood A.M. Friday, August 19 President James A. Clark, pres dining room. ident, Lake Crystal National Bank; 7:00 Information desk opens. 8:30 Call to order, announcements. Treasurer Thomas J. Grinnell, presi 7:30 Breakfast, convention hall. •“ Data Processing A lter dent, State Bank of Loretto, and Ex 8:30 Call to order. natives for Your Bank” — ecutive Vice President Norbert A. •Greetings from the Presi Mike Miller, partner, McMcCrady. dent, Lowell Wakefield. Gladrey Hendrickon & Co. The program schedule for the con •Convention preview, Bank 9:15 Second report of the resolu Study Committee Chairman vention follows: tions committee and election Jim Clark. P.M. Thursday, August 18 of officers. •Dr. Harry Olson, president, 12:00 Information desk opens, main 9:30 *“ Your Investm ent Port National Association of In lobby. f o l i o ” —Rob Northwood, dependent Businessmen. 2:00 Executive council meeting. James Baker Co. •First report of the nomi 4:30 Exhibit hall officially opens. 10:30 » “ Managing Float on Cor nating committee, Ray Kirk5:30 Cocktails, ballroom. respondent Accounts” —Bill horn, committee chairman, Klein, vice president, corre and president, Security State spondent bank department, Bank, Aitkin. F&M Marquette National •Independent Bankers Asso Bank; Ron Beck, vice presi ciation of America President dent and cashier, Indepen James Herrington, and First dent State Bank of Min Vice President, Paul Bringnesota, and Bob Jacobson, gold. vice president, American Na •Treasurer’s annual report, tional Bank & Trust. Association Treasurer Thom 11:00 Legal/legislative/regulatory as J. Grinnell. panel. Ladies Golf Tournament 11:30 Commissioner of Commerce Congressman Bill Frenzel. Michael Hatch. The association report. 11:45 Passing of the gavel. •“ Continued Growth Essen s tial to Continued Strength P.M. Dick Muir Larry Russell For Independent Banking” — 12:00 Luncheon. B.F. (Chip) Backlund, presi 5:30 Cocktails. dent, B a rton v ille Bank, 6:30 Dinner/dance, J.D. Shug Band, Peoria, 111. Jim Barber, magician/ven11:30 Higher Education Assistance triloquist. Steve Panknin Jeff Goble Foundation, Martin JagodenA.M. Sunday, August 21 sky. 8:30 Ecumenical church service, 11:45 C ock tails, sponsored by lakeside. Federated Cash Management 9:00 Ranch breakfast, lakeside. □ Systems. T Meet the problem solvers. I Dave Dickens Melissa Smith \ A l e’ll meet your needs ¥ ¥ for bankcard services, oan participations and quality investment portfolio recommendations. « V ltH S O H UN ITED MISSOURI BANK Member FD.C Q f Ç f t y ^ U nited w e grow .Together. 10th and Grand ° P.O. Box 226 Kansas City, Missouri 64141 (816) 556-7000 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis C O U NT ON SM K * ______ 0 Leaving the bank for the country is Salisbury Mercantile’s Roger Bell, who was employed by bank President Don Reynolds, right. Bell came through AGRIcareers concluding an extensive six-month search by the bank. 20 A p p lican ts C am e to the Bank to Interview The O nly A G R Icareers’ C an didate W as Hired • • Don Reynolds, President of Sal isbury Mercantile Bank, Salisbury, Missouri, took considerable pains to locate a new ag lending officer. Over 30 resumes were consid ered during the six-month search. About 20 applicants came to the bank to interview. A candidate from each of our AGRIcareers two offices was recommended with Roger Bell the only AGRIcareers’ referral interviewed. Bell was interviewed and eval uated at Sioux City, Iowa by a per- Ag Banking Personnel Let us help you. Call the ag lending personnel specialists without cost or obligation. Confi dential. Employers pay us to hire the best. Linda: 515/394-5827 Jeannie: 515/263-9598 if New Hampton, la. 50659 no answer, 712/779-3567 • Massena, Iowa 50853 BO/1 CAREERS, INC. J THE ORIGINAL AGRICULTURAL RECRUITER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis sonnel specialist from AGRIcar eers’ Massena, Iowa office before recommendation to the Missouri bank. He started work December 1, 1982 bringing the bank’s ag staff to four. Bell had worked for an Iowa PCA over four years and lias an M.S. in Agriculture from the Uni versity of Nebraska. “ Roger’s q u a lific a tio n s ap- filiated with Mercantile Bank Cor poration, a St. Louis holding com pany involving 33 banks, and the state’s largest such holding com pany in terms of assets. “A capable ag lending officer is a must.” —Don Reynolds “He is the first person we’ve “ A capable ag lender is a must. hired through a personnel This is especially true because ag firm.” banking is changing to meet the farm economic situation,” says —Don Reynolds, President Salisbury Mercantile Bank Reynolds. “ It’s tough to determine how farmers can service their Salisbury, Missouri debt...even good farmers are hav ing problems,” continued Rey peared better than all other ap nolds. Bell agrees with Reynolds when plicants considered,” explains Reynolds. “ He gets to know people he says, “ You must look more easily, and is the first person we’ve closely at the risks and evaluate hired through a personnel firm,” them differently, which takes more adds the bank president. effort.” Salisbury Mercantile is the lead Reynolds summed things up well ing bank in its north central Mis when he said, “ You can get by with souri farming community. Assets making a few questionable loans total $41 million. The bank is af in good times, but not now!” AG BANKERS NOW AVAILABLE Personnel Specialists Serving America’s Ag Lenders Confidential Let Us Help You Hire Better, Faster, Easier AGRIcareers seeks out candidates conducive to pro gressive banking: DEVELOPING NEW BUSINESS and MAKING QUALITY LOANS. Two ag banking specialists, Jeannle and Linda, work full time checking references, in terviewing and evaluating individuals with ag lending ex perience. It costs nothing to see if AGRIcareers can recommend a better candidate than you can find on your own. We get paid only when we produce. You are invited to call us today without obligation. NJ-1 AG LOAN OFFICER—Tops in documentation. Writ ing 15% more quality loans than other loan officers in his organization. Handling $61/2 million portfolio. Excellent farmer rapport. B.B.A. Finance and Insurance. Married. Age: 27. Lives IA. $26,000. Call Jean at 515/263-9598 if no answer 712/779-3567. NL-2 AG LOAN OFFICER—Excellent credentials in ag loans, farm appraisals, collections and new business de velopment. Responsible for between $5-6 million ag loan volume. Farm raised from Iowa. B.S. Ag Business. Age: 25. Lives MN. $25,000 + . Call Linda at 515/394-5827. NJ-3 AG BANKING—Has three years of country banking. Worked in all areas of the bank. Was titled ‘Loan Officer’, but he did everything from ag loans to janitor work. Would be good pick for small town bank. B.S. Ag Business. Mar ried. Age: 29. Lives NE. $16,000. Call Jeannie at 515/263-9598 if no answer 712/779-3567. NL-4 SHARP TRAINEE—Iowa farm boy with a four year degree in Finance and Insurance who offers two years selling and servicing Life, Health and Disability Insurance along with estate planning on a straight commission bas is. Reference says, “ Intelligent, ag background, can talk to farmers...he’s more mature than others his age...has a good technical knowledge.” Married. Age: 25. Lives MN. $15,000 plus. Call Linda at 515/394-5827. NL-5 AG LOAN OFFICER—Overall responsibility for the administration of ag credit programs for a $30 million loan volume institution for the past four years. Duties Include ag credit analysis and preparation and development of cash flows, servicing and collection of accounts. Refer ence says, “ I give him an A-rating...strong in ag lending, PR and personality. He’s mentally sharp, mature and moti vated!” B.S. Animal Science. Married. Age: 29. Lives MN. $25,000 plus. Call Linda at 515/394-5827. NJ-6 BANK CEO/SECOND MAN—Offers 24 years banking experience, past seven as president of $12 plus million agoriented bank, which he increased from $5 million. Highly respected, receive very good references. Also has strong experience in operations and lending. B.S. Ag Business from I.S.U. Married. Age: 46. Lives IA. $40,000. Call Jeannie at 515/263-9596. NL-7 SENIOR LENDING—Fifteen years ag banking exper ience. Includes ag, commercial, consumer lending, var ious bank regulations and brand bank management. Sev eral banking schools. Married. Age: 34. Lives Wl. $30,000 plus. Call Linda at 515/394-5827. NJ-8 AG LENDER—Offers 14 years PCA experience; re sponsible for $5 million loan portfolio. Has broad view of changes in ag lending; involved in all aspects from start to finish. Enjoys insurance sales, has real estate sales exper ience too. B.S. Agronomy. Married. Age: 47. Lives SD. $27,000. Call Jeannie at 515/263-9598. “AGRIcareers was extremely helpful!” —James Neuroth, Senior VP 1st Bank of Albert Lea, MN “ I’d go through AGRIcareers again.” —David Rouse, President Brenton State Bank Eagle Grove, Iowa https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis NL-9 AG BANKING—Branch manager responsible for $11 million in loans. Stable individual, record of credit quality and presents himself well. Excellent references. B.S. Ag. Married. Age: 38. Lives IA. $25-$30,000. Call Linda at 515/394-5827. NL-10 EXECUTIVE BANKER—Twenty-seven years ag banking where his reference said he portrayed a good im age for the bank and a down home place to do business with. Experience includes all types of lending, bank opera tions for a $8 plus miiiion bank (investments, insurance, supervision of employees, etc.). Married. Age: 47. Lives MN. $30,000. Call Linda at 515/394-5827. NJ-11 VICE PRESIDENT—For past eight years at a $50 million bank. Very involved in PR, speaks at ag functions in many states. Add this to previous sales experience equals NEW BUSINESS. B.S. Ag Economics. Married. Age: Mid 30’s. Lives IA.$27,000 plus. Call Jeannie at 515/263-9598. NJ-12 AG LENDER/MARKETING—Started out as an ag loan officer with credit system less than two years ago, rapidly worked his way up to branch manager responsible for $6 million in loans. Received an OUTSTANDING rating on his performance review (which only 10% in system achieve). Wrote twenty-one new loans last year and fifteen this year... all top quality. Made $30,000 selling real estate while completing a four year college degree in two years. Eight years U.S. Army (Staff Sgt.). Really a driver. Married. Age: 31. Call Jeannie at 515/263-9598. NJ-13 AG BANKING—Five years with FLB, has worked his way up to assistant vice president. Has handled complex, multiple entities, problem loans and new business calls. Sound credit aptitude, customer relations and farm back ground. References say, “ Hope he stays...we don’t want to lose him.” B.S. Ag Business. Married. Age: 27. Lives IA. $26,000 plus. Call Jeannie at 515/263-9598. NL-14 FARM REPRESENTATIVE—Presently branch manager of a $6.5 million office for PCA. Complete loan servicing and supervision of branch. Strong ag back ground. Reference says, “ Did an exceptionally good job...EXCELLENT... relates very well with customers ... would give 120-125% of himself in a position. A.A. Ag Economics. Married. Age: 36. Lives KS. $20-$25,000. Call Linda at 515/394-5827. “ I didn’t have to review a hundred resumes.” —Dennis Henning, President First Trust & Savings Bank Wheatland, Iowa “AGRIcareers is a valuable source of qualified prospects.” —Nels Lindquist, Exec. V.P. First State Bank of Gowrie, Iowa AG BAflKING SPECIALISTS SINCE 1968 (5 1 5 )3 9 4 -3 1 4 5 NEW HAMPTON, IA 50659 (7 1 2 )7 7 9 -3 7 4 4 MASSENA, IA 50853 • NATIONWIDE BOH G4PEERS, INC. " WANTED: BANKERS Never a Fee From an Employee THE ORIGINAL AGRICULTURAL RECRUITER If you have been considering a change, now is an excellent time while the demand for qualified ag lending candidates is especially strong. As a third party, we can offer con fidentiality usually required by both the bank employee and employer. Either Linda or Jeannie would be happy to discuss what kind of exciting career opportunities might be available for a person with your experience. IOWA NW-1 VP—Calling on ag customers, ag loans and farm management. C. IA. 3-7 yrs. bank experience. $28,000. NW-2 BANK MANAGER—Operations and marketing for a small ag bank. Bank and marketing experience. IA. $25-30,000. NW-3 JR LENDER—Entry level position in commercial lending. MIN. of 1-3 yrs. comm, lending experience. IA. $18-20,000. NW-4 FARM LOAN OFF.—Ag loan duties for a $20 million bank. Ag credit experience a must. Sales skills. IA. $ 20,000. NW-5 AG LOAN OFFICER TRAINEE—Farm, comm, and in stallment loans. MIN. 1-2 years ag credit experience. Sharp. IA. $14-15,000. NW-6 MORTGAGE BANKER—Credit analysis, appraisal, cash flows and new business development. Long term lending experience. IA. $25-30,000. NW-7 AG LOAN OFFICER—Resp. for ag loan portfolio of $4 + milllion, farm calls, and new business development. Banking exp. 1st. C. IA. $20-30,000. NW-8 AG LOAN OFFICER—Ag loans, farm calls. Ag loans of $10+ million. 3-5 years ag credit experience. Outgoing and strong ag background. IA. $20-25,000. NW-9 2ND MAN—Ag loans and operations for a small ag bank. Banking experience. Aggressive and sales personal ity. IA. $35,000 + . MINNESOTA NW-10 2ND MAN—Resp. for ag loans for a $10 million bank. Other phases of banking also. Banking experience a must. MN. $20-25,000. NW-11 VP—Resp. for all types of loans, collections and bank management at times. Bank experience a must. MN. $25-30,000. NW-12—LOAN OFFICER—In charge of $6 + million in ag loans and marketing duties. 2-5 years ag lending (short term) experience. MN. $19-21,000. NW-13 SR. LOAN OFFICER—Supervise lending dept ($25 + million), loan officers and loan portfolio. PREFERS 7-10 yrs. strong credit documentation experience. MN. $30-35,000. SOUTH DAKOTA NW-14 VP—Resp. for operations of a $30+ million bank and ag loans. Banking experience. Strong management skills. SD. $32-40,000. NW-15 AG LOAN OFFICER—Handle credit, service loan and collections. MIN. 2-3 years ag credit experience. C. SD. $18-23,000. NW-18 SR. LOAN OFFICER—In charge of $6 + million in ag loans. 3-5 years tech, ag credit experience. Good bus iness development skills. SD. $25-30,000. ILLINOIS NW-17 CEO—Assume all responsibilities of small ag bank. Ag credit and banking experience. Outgoing person ality. IL. $30-40,000. NW-18 AG LOAN OFFICER—Ag loans and some install ments for a $25+ million bank. Cash flows, collections and new business development needed. 2 + years ex perience. IL. $18-25,000. NW-19 AG LENDER—Resp. for ag and comm, loans for $7 million in ag loans. 2-5 years ag credit experience. Sales personality. IL. $25,000. NEBRASKA/KANSAS NW-20—Several positions in medium sized ag banks as ag loan officers to CEO. Salaries from $15,000-40,000. Ne braska. NW-21 VP—Ag loans and some operations. Trainee level position. Farm calls and cash flow analysis. Professional ...analytical ability ...sales skills. KS. $20,000. NW-22 AG LOAN OFFICER—Ag credit responsibilities for a $42 million bank. Ag credit exp. Ag degree. NE. $18-20,000. Illinois News • • • • ^ ^ ^ ^ 5 ROCKFORD: A t City National Bank & Trust Co., Gordon C. Beyer was recently elected vice president in operations, and Phillip R. Dickin son was promoted to assistant vice president and cashier. Mr. Beyer served as vice president of opera tions at Lake Shore National Bank for seven years and more recently was senior vice president, cashier and secretary of Glenview State Bank. Mr. Dickinson has been with City Bank 20 years and managed a number of different areas of the bank. South Dakota News ABERDEEN: A1 Whrenberg has been elected vice president of First Bank - Aberdeen. He began his banking career in 1973 at First Bank of South Dakota in Sioux Falls and remained there until 1976 when he transferred to the Madison branch. Later that year he returned to Sioux Falls, where he served in various capacities as vice president. YANKTON: Larry F. Ness has been appointed chief executive officer of First Dakota National Bank effec tive August 15. Mr. Ness joins the bank from First National Bank of Volga, where he has served as ex ecutive vice president since 1981. business loan interviewer, was pro moted to officer status in 1974 and assistant vice president in 1976. Wyoming News CHEYENNE: Paul A. Christensen has joined United Savings of W yo ming as executive vice president/ lending. Mr. Christensen, 43, pre viously was executive vice president North Dakota News in charge of all lending at Wyoming COOPERSTOWN: The board of di National Bank of Casper. A 1961 rectors of First Bank have elected graduate of the University of W yo Robert W. Jorgensen president ef- ming with a degree in business ad fective August 15. He succeeds the late Howard E. Brash. Mr. Jorgen sen has been associated with First Date Group Bank System, Inc., since 1970, when he joined the Grand Forks bank as a September 19 I management trainee. He has held his current position as vice presi September 20 III dent of First Bank Park River since September 21 II 1978. September 22 IV ministration, Mr. Christensen began his banking career with United Bank of Denver in 1964, moved to Valley National Bank of Phoenix in 1971 and has been in Casper since 1972. WHEATLAND: Mike C. Daly, pres ident of the American Bank of Wheatland, recently announced that E. Gerald Gebhart has joined the bank as senior vice president in charge of lending. Mr. Gebhart pre viously was associated with First Wyoming Bank, also in Wheatland. South D akota Group M eetings • • MINOT: Duane L. Peterson has been appointed vice president of agri-business at Norwest Bank September 23 V Location Minnehaha Country Club, Sioux Falls Holiday Inn, Mitchell The Galley, Webster Wrangler Motor Lodge & Moose Lodge #1685, Mobridge Howard Johnson’s Motor Lodge, Rapid City Loan participation through us can help improve your bottom line For that reason, banks in Iowa depend on Correspondent Banker Dick Flesvig # First Bank Saint Paul Member First BankcSystem Correspondent Banking Division 332 Minnesota Street Saint Paul, Minnesota 55101 (612) 291-5577 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Bankers Available Bankers Needed SEE INSERT TODAY! (5 1 5 )3 9 4 -3 1 4 5 NEW HAMPTON, IA 50659 (7 1 2 )7 7 9 -3 7 4 4 MASSENA, IA 50853 I NATIONWIDE SOd CAREERS, INC. •J t h e o r ig in a l a g r ic u l t u r a l r e c r u it e r REPOSSESSIONS We are professional truck people with over 30 years experience dealing with repossessed trucks, semi tractors and trailers. No obligation for our advice. MURPHY TRUCK & TRAILER SALES 15-5th Ave. S.E. 515/456-2511 HAMPTON, IOWA 50441 EXECUTIVE BANK RECRUITING POSITIONS AVAILABLE BANK SALES AND PURCHASES EDDIE A. WOLF Eddie Wolf Bank Sales 7202 Maple Drive, Des Moines, la. 50322 Phone: 515/278-2271 D.R. BLOOD EXECUTIVE SEARCH & RECRUITING SERVICES Serving the Banking, Financial, & Business Industry P.O. Box 733 Marion, Iowa 52302 Phone: 319/373-1791 SENIOR OPERATIONS OFFICER $180 million core bank of growing holding com pany. Ideal candidate will be from related size bank with seasoned experience in general operations; particularly in customer contact areas, DP, plan ning and product/service development. Salary com mensurate. Aggressive northeast Iowa locale. Send resume/salary needs to Peoples Bank & Trust, P. Petersen, AVP Human Resources, P.O. Box 360, Waterloo, IA 50704. (PA) AA/EOE CEO for western Illinois community bank. Requires minimum of five years experience with emphasis on ag lending..................................................... Salary to $36,000 EXECUTIVE position with northern Iowa bank. Must be good administrator, lender, and civic leader.Salary $40,000 Number Two person for western Iowa community bank. Can lead to number one position in two years. Prefer agoriented person.............. Salary $40,000 Commercial Lender for $60 million community bank located in town of 5,000. Must have demonstrated lending ability to small business..........................Salary to $40,000 Commercial Lender for major eastern Iowa bank. Requires minimum of five years experience............................. Salary$36,000 Commercial Lender for southeastern Iowa bank. Requires sufficient experience to head department in $45 million bank........................................................................... Salary$36,000 Ag Lender for southern Minnesota community bank. Ex cellent opportunity for person with experience in either bank or PCA.............................................. Salary to $30,000 Ag Lender for community bank in northeast Iowa dairy region. Will consider either bank or PCA experience.......... ................................................................Salary to $25,000 Commercial Lender for major Iowa bank. Requires three or more years experience and college degree. Salary to $32,000 Ag Lender for north central Iowa bank. Requires degree and two or more years experience............Salary to $25,000 Ag Lender for northwest Iowa community bank. Requires experience with bank or PCA. Insurance licenses a plus... ..................................................................... Salary $25,000 Write or call Malcolm Freeland, c/o Freeland Financial Why Not a Higher Paying Position? Call us and lets talk about your banking career. R.E.B. & Associates Executive Search Consultants [13625 C. St., Omaha, Nebraska 68144 Phone: 402/333-8248 or 333-6604 BANK BRANCH MANAGER A major eastern Iowa bank has an immediate re quirement for an individual to assume responsibil ity for the management of a full service branch of fice. The successful candidate is familiar with consumer lending, will have had previous man agement level responsibility in a financial institu tion and can demonstrate the ability to handle the operation, profitability and marketing aspects of this position. Please forward a resume, with earn ings history, in complete confidence to: File UBK, c/o Northwestern Banker. (PA) CREDIT EXAMINER (Agricultural) $20256 to $34269 FARM CREDIT ADMINISTRATION (An Independent Federal Agency) Positions Located In Bloomington, Minnesota REQUIREMENTS: College degree in Ag. Econ., Finance, Bus. Admin., Econ; OR 3 years Adm inistrative or Professional experience; AND 2 + years experience in agricultural lending Positions require 50% travel SUBMIT Standard Form 171 to: Mrs. Lynne Michele FARM CREDIT ADMINISTRATION 490 L’Enfant Plaza, S.W. Washington, D.C. 20578 FOR INFORMATION CALL: Mr. Donley Johnson or Mr. Douglas Tangborn at (612) 725-3684 (PA) An Equal Opportunity Employer ing aggressive individual to oversee all bank operations. Excellent opportunity for right individual. Please send resume to file UBR, c/o Northwestern Banker._______ (PA) $43 million northeast Wyoming bank has opening for LOAN OFFICER with 3-5 years bank loan experience. Degree and ag background preferred. Send resume to: First State Bank of New Castle, P.O. Box 910, New Castle, Wyoming 82701. (PA) BANKERS AVAILABLE CEO with proven high performance record in community bank seeks new opportunity.......................Salary $45,000 Commercial Lenders with experience ranging from three to 20 years............................................... Salary to $50,000 Senior Ag Lenders with experience ranging from 5 to 20 years......................................................... Salary to $40,000 Junior Ag Lenders with one to five years experience. ................................................................Salary to $25,000 Administrative Officers with major banking experience. ................................................................Salary to $50,000 Installment Lenders with over five years banking ex perience....................................................Salary to $25,000 Operations people with over five years experience............ ................................................................ Salary to $30,000. If you are considering an additional officer, we have dozens of qualified applicants listed in most job cate gories. Write or call Malcolm Freeland c/o Freeland Finan cial Services, Inc., 1032 Carriers Bldg., Des Moines, IA 50309. Phone 515/282-6462. Ejnployer pays reasonable fee. POSITIONS AVAILABLE OPERATIONS—handle reports, personnel, asset/liability, management for $60MM community bank. Degree pre ferred. $32K REAL ESTATE LOAN—manage estate loan function (mostly residential) for medium size holding company. $30K AQRILOAN—affiliate of major holding company seeks ex perienced ag lender to handle all ag credits and some commercial. $30K COMMERCIAL LOAN—$60MM suburban bank seeks jun ior commercial lender with two-three years bank lending experience. $28K EXECUTIVE OFFICER—large community bank desires senior commercial lender with administrative experience. Second position. $40K AGRI-REP—junior management position with $30MM rural bank. Requires degree and one-two yrs. bank ex perience. $18K INSTALLMENT LOAN—$30MM rural bank with $4MM in stallment portfolio. Some real estate lending duties in volved. $20K To inquire about a position, forward resume' and salary re quirements or contact: TOM HAGAN & ASSOCIATES of Kansas City 2024 Swift - Box 12346 North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry Since 1970” Vol 12 No. 16 Northwestern Banker Newsletter (USPS 873-300) is published weekly by the Northwestern Banker Company, 306 Fifteenth 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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