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• Vol. 10 No. 36 Des Moines, Iowa Nebraska Court Voids H . C. Bill OLDING company legislation powered under the state constitu tion to vote on the bill. The three w (LB 376) enacted by the 1981 Nebraska legislature was given a dissenting judges said he is entitled double reversal by the Nebraska to vote and that the majority opin Supreme Court in a decision an ion, in essence, has eliminated the of fice of Lt. Gov. as the presiding of nounced December 17. LB 376 was a bill authorizing for ficer in the legislature. When Gov. Thone returned the mation of multi-bank holding com panies in Nebraska and expanded b ill to the le g isla tu re, Sen. numbers of banking facilities. Of the Chambers of Omaha, who had ab 49 Senators in the legislature, the stained from voting, moved that the final vote was 24-24 with one absten veto be over-ridden. That action tion, so the Lieutenant Governor would require 30 votes. Sen. John took an unprecedented step by vot ing in favor of the bill. Governor Charles Thone returned it to the leg islature’s chief clerk with objections to its final passage. While the Governor was absent from the state the following day, the Lt. Gov. retrieved the bill and signed it into law. After considerable legal discus sion over the matter at the leg islative level and within the banking industry, the Supreme Court agreed to hear the case last September and return a verdict prior to the end of DeCamp, a proponent of the bill, called for a ruling from the chair the year. In that decision of December 17, that the motion to over-ride was out the seven justices voted unanimous of order. The presiding officer, the ly that the bill did not become law Lt. Gov., then ruled in favor of Sen. because Governor Thone effectively DeCamp, which blocked the over vetoed it by returning it to the ride motion; thus, the Lt. Gov. upheld his own position. legislature with his objections. Since the bill also included the On a split 4-3 decision, they also ruled LB 376 did not become law authority for banks to have added because the Lt. Gov. was not em drive-in or office facilities within H £ 0 0 'V ^ _______ December 28,1981 their communities, that authority was lost. Consequently, Nebraska banks still are limited to two fa cilities city-wide, one of which must be within three miles of the main bank, while the other may be any place within the corporate limits, so long as it is not closer than 300 feet to an existing bank facility. □ Iowa News DECORAH: Dave Hatting has been named manager at Security Agency, Inc., the insurance department of Security Bank & Trust, announced Larry Grimstad, vice president. He was previously employed by Lake Crystal National Agency, Inc. in Minnesota. DES MOINES: J. Locke Macomber, president of Valley National Bank, has announced the election of James A. Bishop as vice president in the operations division. He was pre viously vice president and cashier at Capital City State Bank. Also elected was Mark J. Kempkes as assistant vice president in loan ad ministration. He has been with Valley National Bank since 1980 as a credit analyst in the lending divi sion. DES MOINES: Iowa-Des Moines National Bank has announced the promotion of Patricia Hanson to vice president, controllers depart ment. She joined the bank the early ASK JERRY TRUDO t to make MNB work for you. Toll free: 1-800-332-5991 nts National Bank ibi ember F.D.I.C. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A ‘BANKS OF IOWA’ BANK Bob Buenneke Team w ork: O ne of the reasons we’re first in Iowa. K D W A ^H nesM O ines A A N ATIO N AL BA B AN K I------------------------------------------------ "1 □ My majority bank stock is for sale. □ I want to purchase majority stock in a bank. I I Please contact Ellis Jones, Broker JONES REALTY I 205 South Eaton St. I Lakewood, Colorado 80226 Phone: (303) 232-1189 I Terri Stearn Note Department An Affiliate of Northwest Bancorporation Member FDIC Banco Call (515) 245-3131 or toll-free (800) 362-2514 part of 1981 as card service con troller and was later named second vice president of planning and con trol. ior vice president to the executive vice presidency. Mr. Smith joined The State Bank in 1971 from Cen tral National Bank, Des Moines. FORT DODGE: Richard L. Smith, 58, elected chairman and chief ex ecutive officer of The State Bank, has announced plans to retire in mid-1982. Rober D. Clawson, ex ecutive vice president, was elected as the bank’s new president. Joe D. Lawler has been promoted from sen- JEFFERSON: Carole Custer has been promoted to vice president and Bob Grote to assistant vice presi dent, according to Roger Rinderknecht, president of Brenton State Bank. Ms. Custer joined the bank in 1977 as marketing director and elected assistant vice president in 1979. Mr. Grote has been working in the bank’s ag department as ag loan and farm management officer. Motivated Employees Are Essential ToOur Success OAKLAND: Citizens State Bank celebrated its 100th birthday earlier this month, with a three day celebra tion. The bank opened for business December 23, 1881, with total as sets at the end of the day showing $5,062.09. William Norris President Control Data Corp. At Control Data we look for em ployees who care about their work and are proud of how well they do it. The fact is that many of them have handicaps. AMERICANS WITH They’ll HANDICAPS w°* hard for you Because they CAN. THURMAN: William J. Grotenhuis and James W. Grotenhuis have sold the Thurman State Bank to an in vestment group headed by Mike L. Keim of Omaha. Mr. Keim has been an officer and director of several Nebraska and Iowa ag-related busi nesses, including the Harlan Na tional Bank and First National Bank of Missouri Valley. Mr. Keim said no staff changes are planned. WAUKON: Richard Lomen, presi dent of Waukan State Bank, an nounced the recent hiring of Richard E. Brown as vice president. Mr. Brown was employed by Jackson State Bank of Maquoketa as assis tant vice president and branch manager at the Delmar office and prior to his current position he spent two years with a finance company. Nebraska News C L E A R W A T E R : Citizens State Bank has announced the election of John Thurston as assistant vice president. He replaces Brad Noll who resigned recently. Mr. Thurston was previously employed at the FH A office in Broken Bow. LINCOLN: Steve McKelvey has been hired as new risk manager for the Nebraska Bankers Association, with primary responsibility for operation of the new Blanket Bond Insurance Program. Mr. McKelvey had previously been employed by US Life Credit Life Insurance Com pany as a district manager and ser viced accounts in eastern Nebraska and Western Iowa. LINCOLN: Loren R. Anderson, ex ecutive vice president of National Bank of Commerce, has been elected president of M ACH A — Mid Amer ica Clearinghouse Association, head quartered in Kansas City, Missouri, and made up of over 1,600 banks and savings and loans in Nebraska, Kansas, Oklahoma, Missouri and the western tier of counties in Iowa. LINCOLN: The board of National Bank of Commerce has approved seven officer prom otions. Rod Steinacher was named vice presi dent; Robert G. Block, Mike Donnely, Tom Henning and James T. Hitt were named assistant vice pres- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis National Bank of Waterbo Waterloo, Iowa 50704 Member FDIC # t Single System Banking With Availability Availability of funds. . . availability of people. . . responsive to your needs. Contact your state vocational rehabili tation agency for information. ♦ P h o n e M a x C o ry a t 1 -8 0 0 -7 7 2 -2 4 1 1 . ^season m m wily V û Y o n g n m t e coming year 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 Division of https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis U ~ Hutton & Company Inc. Supplement to Northwestern Banker Newsletter 12-28-81 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ïALL ON THE “PERFORM ANCE TEAM nhereœ m m on transactions are handled uncomm only well. FIRST N A T IO N A L LIN C O LN 13th & M Street • Lincoln, Nebraska 68501 • Member, F.D.I.C. ideiats; Lovie Broadus was elected personnel officer and Jerry D. Slominski was elected trust adminsjforation officer. Mr OMAHA: The First National Bank has opened a new CBCT branch at 10729 “ M ” Street. South Dakota News Minnesota News MINNEAPOLIS: W. Merton Dres ser, president of Northwestern Na tional Bank South, has announced the promotion of Donald L. Hansen to senior vice president and cashier, and Willard E. Rohde to senior vice president-loan administration. W ¡k il cial services. Ms. Finn joined the bank in 1981 and is currently super visor in the investment services divi sion. Mr. Ostby also joined the bank in 1981 from First National Bank of Minneapolis where he was a com mercial banking officer. MINNEAPOLIS: Sallie M. Lilienthal has rejoined First Bank as an assistant vice president in the ex ecutive and professional banking department, and will be responsible for departmental strategic planning and staff development. She began her career at First Bank in 1976, and left in May of this year to take a position with Control Data Business Advisors, Inc. STILLW ATER: The First National Bank has announced the election of William Buethe as vice president in the commercial loan department. Mr. Buethe has been involved in banking in Mankato, Phoenix, Arizona, and St. Paul, and served as ceo of Heritage State Bank of North jSt. Paul for nine years and president for three. ST. PAUL: The board of North western National Bank recently an nounced the election of Susan A. Finn as assistant vice president in investment services and Karl Ostby as assistant vice president in finan- MILLER: Howard J. Peterka, presi dent of First Bank Miller, has an nounced the promotion of Roger D. Mallberg to vice president. Mr. Mallberg began his career with First Bank Miller in 1973, transferred to Great Falls, Mont., later returned to First Bank as ag loan officer and was promoted to assistant vice president in 1978. PIERRE: Announcement has been made of the appointment of Leotta Frazee, vice president, to com pliance officer. Ms. Frazee began her banking career with First National Bank in 1954 and at present is mar keting officer and personnel officer in addition to her new compliance position. Wyoming News CASPER: David R. Johnson has been elected chairman of Wyoming Bancorporation, the state’s largest multi-bank holding company, effec tive January 2, 1982. He succeeds A. H. Trautwein, retiring board chairman. Mr. Johnson will continue his duties as president and ceo, posi tions he has held since joining the company in 1978. Appointed chair man of the executive committee was Carlin Smith, effective the same date. W e’re people who can help with ag lending. For ag lending, data processing, overlines, and investment services . . . we’re the people’who can help. GREYBULL: James Hansen has been elected vice president of the First National Bank, according to President H. K. ‘ Bert’ Harris. Mr. Hansen has been in banking 12 years and served as vice president of the Little Horn State Bank in Har din before moving to Greybull. RIVERTON: Michael F. Ormsby, 32, formerly vice president of the American National Bank, has been approved as state director of the Farmers Home Administration. Mr. Ormsby has had extensive ex perience in the field of agricultural finance, and resigned from the bank to take over his new position as of December 14. 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. Get tighter instantaneous reporting in every phase of yo u r op 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. Ken Roeder Correspondent Bank Officer Modern Banking Systems, Inc 712/277-6580 SECURITY NATIONAL BANK https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis IN SIOUX CITY, IOWA. M EM B ER F.D .I.C . @ ^ 5 ^ N afcnal ^ 6818 Grover St., Omaha, Nebraska 68106 (402) 392-0151 North Dakota News GRAND FORKS: First National Bank recently announced the pro motions of Terence Zeltinger to vice president, commercial lending; Ran dy Newman to title investment of ficer, and Coleen P utrino to marketing officer. □ 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. 39 Ginger Woods Road, Valley, Nebraska 68064 Phone: (402)553-6400 tzdfoCdsx a n d c d f‘±±oaLat£.± Bank Consultants Specializing in Bank Acquisitions P.O. Box 450 515-232-0814 405 Main Ames, Iowa 50010 Donald E. Holder, Principal SERVING PROFESSIONALLY Banking, Financial & Business Personnel, Iowa and Nationwide Capital Personnel Service 71 4U .C .B . Building, 515-283-2545 Des Moines, Io w a50309 BANK PLACEMENT SPECIALISTS (Our33rd year) Call experienced professionals to locate the right candidate for your vacancy . . . or the right “ move-up” for yourself. CORPORATE RECRUITERS MIDWEST BANKING DIVISION 202 S. 71 st Street 402/393-5515 Omaha, Nebraska 68132 iY) Happy (fi New Year to Our Banking Friends Malcolm Freeland, Pres. FREELAND FINANCIAL SERVICE 246 Insurance Exchange Bldg. Des Moines, Iowa 50309 W ANTADS Rates are $ 5 .0 0 per line per insertion. Add $ 3 .0 0 for file letters per insertion. Identity of file letter advertisers cannot be revealed. N OR TH W E STE R N BAN KER 3 0 6 - 15th Street D e s M oin es, Iowa 5 0 3 0 9 Phone 5 1 5 /2 4 4 - 8 1 6 3 WANT TO BUY Used coin counting machine in good condition. Ocheyedan Savings Bank, Ocheyedan, Iowa 51354. Phone 712/758-3141. (WTB) Twenty-eight to thirty drawer, check file cabinets. Phone Garnet Blankenburg, Siouxland N ational Bank, 402/494-2001. (WTB) FOR SALE AG LOAN OFFICER, #2 - Seasoned Ag Lender wl exp. Need high image, agressive individual, k move to #1. Insurance a plus. $25K. FOR FURTHER INFORMATION RESPOND IN CONFIDENCE TO: Bank Division R O B E R T H H L F of Iowa, Inc. 317 6th Ave. Des Moines, IA 50309 (515) 244-4414 A L L FEE S C O M PAN Y PAID Purchase o f Collections POSITION AVAILABLE SENIOR LOAN OFFICER—Experience in ag lending ($50 million bank) in community of 8,000 population in northern Iowa. Salary open. Write File OBS, c/o Northwestern Bank e r_________________________________________ (PA) WANTED: Employee benefits person capable of taking over aggressive benefits department in Wyoming’s largest trust department. Salary commensurate with ability. Ex cellent benefits package. Position open immediately. Fur nish resume to: James Watson, VP/Sr. Trust Officer, Wyoming National Bank, P.O. Box 2799, Casper WY 82602. EOE/MF__________ .__________________________ (PA) IMMEDIATE OPENING available in western Montana in mid-sized bank for an installment loan manager. Collec ting experience a must. Knowledge of student loans helpful. Write file OBX, c/o Northwestern Banker. (PA) LOAN OFFICER—Experience in Installment, agriculture, and commercial lending for this growing $18 million south central Nebraska bank. Some trust experience would be helpful. Salary open. Write file OBN, c/o Northwestern Banker. (PA) AG LENDING OFFICER—Northwestern Illinois commer cial bank with deposit of $60MM is seeking an agricultural lending officer. This is a progressive bank looking for a young person with several years experience. Send con fidential reply to File OBY, c/o Northwestern Banker. (PA) j^Ag Banking Specialists S IN C E 1968 When it comes to agriculture, banking and perso n nel. . . go to the specialists — go to AG R Icareers, Inc. D Q N %mCHCX3LEH In Ask the ag banking specialists what’s available without cost or obligation. 901 A. West Jackson* Ozark, Missouri 65721 417/485-6020 COMPLETELY CONFIDENTIAL “ Employment Service” COMM’L LENDING OFFICER - NE location. Lotsc activity, heavily ag related. Need 3-4 yrs com someone who can “ hit the ground running” to lei] ty to young, agressive staff. $25-$30K. Estate Appraisals 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. I ASSOCIATES CEO - MN location. Small clean bank seeks ct perienced in banking, emphasis on Agricultii fam iliarity with all facets of banking, I salary/benefit pkg. $35-$40K. NCR 775-2100 12 pocket proof machine. Excellent condi tion. Has always been under maintenance contract. Hayesville Savings Bank, Hayesville, IA 52562. Phone (515) 622-2337. (FS) 2 Ag Lend. Off............ Cent. W l. $16-22,000 Cred. Mgrs. (2).............Cent. IA . $20-23,000 Ag Loan Off. (2).................... IA . $20-25,000 Ag Loan Off.........................W l. $18-25,000 Cred. Supv. & Anal................ IA . $18-22,500 Branch Mgrs. (2).................NE . $18-25,000 ANDI SR LOAN OFFICER - IA Bank seeks 10-15 yrs. sol! exp., emphasis on Agriculture. Some operations' definite plus. Must be ready to move up to #2. $3 Mosler Model FSW 1848 walk up teller unit. Never been used. Available immediately. First National Bank, Minden, Nebraska 68959. Phone 308-832-2030. (FS) Progressive bankers pay us to find the people they need. B A N K IN G PLA C E M EN TS “ Successful Banking is Quality Personnel” P A R TIA L LIST OF A V A IL A B L E POSITIONS NEW HAMPTON. IA 50859 MASSENA. IA 50853 I (515) 394-3145 (712) 779-3744 OOD CAREERS, INC. / THE ORIGINAL AGRICULTURAL RECRUITER Sale o f Rare Coins R e lia b le and respected servic fo r over 20 years U sed b y bankers throughout the m idwest Ben E. Marlene Coins 913 Locust Des Moines, Iowa 50309 515-243-8064 POSITIONS A V A IL A B L E OPERATIONS • all internal operations and cashi for $30MM suburban bank. Definite opportunih vancement. COMMERCIAL LENDER ■3 yrs. or more commer experience with large bank preferred. Could mans within one year. INVESTMENT ANALYST - trust division o midwestern bank seeks senior analyst. Prefer ex with financial institution analysis. FINANCIAL OFFICER senior position with eastern bank. Must hold CPA certificate and have perience. CASHIER ■ challenging position for good operal ficer whose career is stymied. Suburban affiliate ( the largest midwestern holding companies. AG LENDER - medium size rural bank with 60% folio in Agricredits. Prefer college grad with Ag and 3-5 yrs. experience. MARKETING • major savings and loan has ope marketing major with 1-2 yrs. experience in development.. SENIOR LOAN OFFICER • $250MM wholesale < bank has an opening for commercial lender with i more experience. Department head to retire in tw All inquiries confidential. Salary history and resume' requested. TOM H A G A N & ASSO CIATES of Kansas City P.O. Box 12346, 2024 Swift North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry Since 197( Vol. 10 No. 36 Northwestern Banker Newsletter (USPS 873-300) is published weekly by the Northwestern Banker Company, Fifteenth Street, Des Moines, Iowa 50309. Subscriptions $1.00 per copy, $15.00 per year. Second class postage paid at Des Mo’in 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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