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Kansas City Fed “Banking Studies” Reviews Bank Prices, Chain Banking HE size of a bank’s asset base and market and the state in which the bank is located often in fluence the price of its stock—but, except for state location, the effects of these factors on stock prices have generally been slight and variable. This is one of the conclusions of a study of bank stock prices published in the inaugural issue of “Banking Studies,” a new publication from the Division of Bank Supervision and Structure at the Federal Reserve Bank of Kansas City. Besides studies by staff econo mists, the annual statistical sum mary includes data on financial per formance, bank structure and the like for banks in the seven states of the Tenth Federal Reserve District. In Vol. 1, No. 1, three authors— Dr. Larry G. Meeker, assistant vice president at the Kansas City Fed; Laura M. Dollarhide, assistant econ omist at the Fed, and Dr. O. Maurice Joy, professor at the University of Kansas and consultant to the F e d present price data on controlling share transactions in small District banks from 1965 through 1982. The stock price index, a feature to be updated annually in Banking Studies, helps the reader evaluate these price trends. The authors conclude that, in T December5,1983 Des Moines, Iowa Vol. 12 No. 33 years to come, “the price index will be a valuable asset in tracking fu ture bank stock price trends. This may prove particularly interesting in states like Nebraska and Oklaho ma, which ju st this year have libera lized their banking laws to permit limited branching and the formation of multibank holding companies. “The price index also may form a good base for observing the effects on bank stock prices of national changes in banking, particularly those caused by deregulation.” The first issue of Banking Studies also includes a report on chain bank ing organizations in Kansas, Ne braska and Oklahoma. The report was prepared by three staff mem bers of the Kansas City Fed: Forest Myers, manager; J . Paul Willis, INDEX O F BA N K C O N TR O L SHARE PRICES Tenth Federal Reserve District 1965 — 1982 Price/Book ASK TERRY MARTIN to make MNB work for you. Toll free: 1-800-332-5991 Merchants National Bank Member F.D.I.C. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis is i A BANKS OF IOWA’ BANK Norwest Bank Des Moines, N.A. Call (515) 245-3131 or toll-free (800) 362-2514 Member FDIC NORWEST BANKS T e a m w o rk: one o f the reasons we're firs t in Iowa. Bob Buenneke staff analyst, and Jo e Van Walleghem, assistant economist. Because Nebraska and Oklahoma are beginning to permit multibank holding companies, chain organiza tions probably will be an important predictor of the two states’ move ment to multibank companies. In addition, this issue of Banking Studies contains, in charts and ta bles, financial performance statis tics for four size categories of Dis trict banks. I t also contains maps showing the deposit growth rate and return on assets by county for all seven states of the Tenth District: Kansas, Missouri, Oklahoma, Ne braska, Wyoming, Colorado and New Mexico. Copies are available without charge from the Federal Reserve Bank of Kansas City, 925 Grand Avenue, Kansas City, Mo. 64198. □ run from 9-4 with a break for lunch. Speaker for the workshop is Don ald Jones, president of Financial Education and Development in Mad ison, Wis. Mr. Jones has been active in the training of bankers throughout the United States for the past eight years. * * Gary M cCllm en joined Brenton Bank & Trust Co. as senior vice president. During the past 11 years, Mr. Retzlaff has been serving as vice president in charge of the ag loan department at the Union Bank & Trust Co. in Ottum wa. NORWAY: Florine Day, 49, died in her sleep November 28 of an ap parent heart attack. Mrs. Day’s hus band, Burtwin L. Day, is president of Benton County Savings Bank, where she worked as assistant cashier until three years ago. OAKLAND: Roy E. Paradise has been named president of Citizens State Bank here. He succeeds Dick Goos, who resigned to join Peoples State Bank in Missouri Valley. Mr. Paradise has been serving as a direc tor and executive vice president since joining the bank in January, 1977. Iowa News W ILLIA M S: Frank J . Counsell, BELMOND: North Iowa State owner and officer of the Williams Bank recently announced the hiring Savings Bank until his retirement in of Harlan Klave as president. Mr. 1966, died recently. He was 94. Klave formerly was vice president of First National Bank, Akron. He suc Minnesota News ceeds Dean Kechely, who left the The Minnesota Bankers Associa bank in June to accept another posi tion will present a Security Work tion. shop December 7 at the Holiday Inn, CLARION: Gerald Retzlaff has North Mankato. The program will Recipe for success.. A-------------- . * The Minnesota Chapter of the Bank Marketing Association will meet December 6 at the Nicollet Island Inn. The evening will begin with social hour at 5:30 and dinner at 6:30. Speaker for the evening is George M. Morvis, president of Financial Shares Corporation, a Chicago-based firm which provides marketing, public relations and training con sultation services. He will present “The Fall and Rise of the Banking Industry: A Look Ahead.” For more information contact Michael W. Riley, Signal Hills Bank in West St. Paul; phone (612) 457-1776. MARSHALL: Roger N. Tjosaas hasjoined First American Bank & Trust as senior vice president in loans. Mr. Tjosaas has been associated with American Bank & Trust of Moorhead since 1970, most recently serving as vice president and manager of the commercial loan department. Don't gam ble when choosing o correspondent bonk. Com e to the professionals. UNITED CENTRAL BANK OF DES MOINES, N A ■ MEMBER FDIC ■ (SIS) 24S-7111 AFFILIATED W ITH UNITED CENTRAL BANCSHARES, INC. TOLL FREE NUMBER (800) 362-1615 Human Resources, Inc. Financial Institution Recruiters • Consultants JIM VAN LAUWE P.O. Box 301 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Geneseo, IL 61254 309/944-4606 Midwest & Nationwide ■ ■ ■i ■ i ■ §| ■ ■ 1 I y'T'-:,\-v .... 1 % 'o ' ; Ä |> ' » __ ' , I ■ M — ' s ' ' \v m ■ — iiiS iilS Ä — — m shouldn’t be a guessing game. And you thought you knew whore the collateral Why run the risk of doing all vour usual thorough paperwork and documentation and then find your collateral has gone to market? Without your knowledge. That’s where Collateral Control comes in. Whether it’s agricultural products, manufactured goods or anything that can be counted—Collateral Control will help your bank secure working capital loans. Today’s creative lenders are putting together more and more loan packages that include a revolving line of credit against receivables and inventory. And in the process they’re discovering what some banks have known all along. That asset-based lending can be perhaps the most secure form of lending. See how your bank —with the help of Collateral Control — can grow and profit with asset-based lending. Do not assume that you have a situation too difficult to manage. If you can put a fence around it or a roof over it, Collateral Control has the service to fit your specific need. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Write us today. And get control of your loan collateral. COLLATERAL CONTROL CORPORATION Now available — comprehensive all new collateral manage ment booklet. „ , NWBN 12/83 Send me a tree copy. Name .Title Institution. Address— . City. .State Mail to: C O T■! «A ll*E R A L CON TROL C O R P O R A T IO N Supplement to Northwestern Banker Newsletter 12-5-83 Zip. C orporate Office 444 Lafayette Rd. St. Paul, MN 55101 1-800/328-4136 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Send Your News Today to the NORTHWESTERN BANKER TELL US ABOUT. . . ^ • 306 Fifteenth Street DES M O IN ES, IOW A 50309 Staff Changes Business Campaigns Mergers, Consolidations New Departments at the Bank Remodeling or New Building BANK ............................................................................................... OFFICER ......................... ? ................................................ TITLE CITY https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis STATE Open Houses Anniversary Parties Deaths or Retirements Speeches Made by Bank Officers Special Announcements to the Public 4 tunities in this area.” Establishing a credit life com pany, mass marketing of insurance products, and establishing a pro gram for bank employees to pur chase various insurance products are among the numerous topics to be addressed in the conference’s “In St. Maarten • St. Barthelemy come Producing Insurance” track. Three other expanded subject New Orleans area tracks will focus on key in dustry issues facing bank security Special Feature: officers, risk managers, insurance of Seminar On International Banking in St. Maarten ficers and data security officers. Fif Tour Includes: Roundtrip airfare from Mpls./St. Paul to the Islands to New teen concurrent session tracks will Orleans • 4 Nights in St. Maarten • 4 Nights in St. Barts. cover topics in the areas of physical security, data security and inArrangements are open to your directors, friends and relatives. surance/risk management. For more information or for reservations call: Topics to be addressed include Richard E. Holmes ATM fraud and network security, F & M Marquette National Bank (612) 341-6572 security implications of personal computers, an assessment of com puter crime coverages, assessing risk, dialup security, directors and officers liability, developing an emergency preparedness program, filing a fidelity claim, alarm security EW income producing insurance major aspect of that theme is the and many more. opportunities available to new opportunity for generating Bankers can save money by regis banks as a result of deregulation and bank income through the sale of in tering early. Registration fees will new security risk resulting from tech surance products. be $430 for ABA members and $550 nological advancements in banking “An ABA commissioned study on for others until December 15. After will be featured topics of discussion business expansion opportunities that, registration will cost $470 for at the American Bankers Associa for banking found insurance broker members and $590 for others. tion’s Insurance and Protection age activities to be the most attrac For more details and registration Conference of Financial Institu tive and potentially profitable new forms, phone A BA ’s Banker Educa tions. growth area,” said Marcus H. Ford, tion Network at (202) 467-6738, or Set for January 31 - February 3 at conference planning committee chair write to the ABA Security and Risk the Hyatt Regency Hotel in San man and vice president, Omaha Na Management Division, 1120 Con Francisco, the theme for banking’s tional Bank, Omaha, Nebr. “It has necticut Ave., NW, Washington, DC largest conference of this type is become imperative that insurance 20036. “‘The Changing Role of Banking and officers become fully knowledgeable Its Impact on Managing Risk.” A of the income-producing oppor- Fly To The Islands With F & M Marquette National Bank I BAA Pre-Convention Tour March 16 - March 29 ABA Insurance-Protection Conference Set for January 31 in San Francisco N the baBun boor? IRISH IMPORTS The Dublin Door is bursting forth with an array of original imports, direct from the cottages and factories of Ireland. 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: wool 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. SPECIAL! Irish Whiskey Cake (4 lb tins) for the Holidays! General Bank Equipment Si Systems, Inc. Other: wide variety of original Irish boutique gifts, books, songs, etc. Step through The Dublin Door for a refreshing interlude of Irish hospitality as you casually explore the wonders of Irish handiwork. Glenn and Clare Gannon, Proprietors 207 Fifth St. • West Des Moines, la. 50265 Phone: 5 1 5 /2 7 7 -2 1 7 4 • Hours: 10-5 Mon.-Sat. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RR 45, Box 115 H iw ay73,31/2 Miles North of lnt.680 Omaha, Nebraska 68152 (402)453-3000 Lease* Rent* Buy 5 CALL ON THE “PERFORMANCE TEAM” where com m on transactions are handled uncommonly well. FIRST N A TIO N A L LINCO LN 13th & M Street • Lincoln, Nebraska 68501 • Member, F.D.I.C. Nebraska News HALLAM: The board of Hallam Bank has elected W. Russell Ander sen president. He has been with the bank three years as executive vice president and chief executive officer. Mr. Andersen succeeds Wilma Sy kes, who has been named chairman. LINCOLN: Dana Henrickson has been elected senior vice president and chief financial officer of Gate way Bank & Trust. Previously with the National Bank of Commerce, Mr. Henrickson’s background is in financial operations and data pro cessing. OMAHA: Jam es R. Campbell, presi dent of Region V - Norwest Corpora tion recently announced that Jack L. Shafer has joined Norwest Region V staff as regional vice president of human resources. Mr. Shafer previ ously was corporate director of com pensation and benefits for Tenneco Automotive, a division of Tenneco, Inc., in Bannockburn, 111. OMAHA: At Norwest Bank Omaha, N.A., Robert E. Dahl and David R. Michael have been named senior vice presidents. Mr. Dahl will manage the metropolitan business and professional department and Mr. Michael will manage the com mercial banking division. Also at the bank, Patrick J . Brady and David C. Koenigsman have joined the staff as vice presidents in the commercial banking division. Illinois News FA IR V IEW HEIGHTS: James B. W att has been elected chairman and chief executive officer of MidAmerica BancSystem , I n c .. He replaces Charles L. Daily, who will assume CÖßJlE^lßj!ÿK fc C the position of chairman of the ex ecutive committee. Prior to memag ing his own bank consulting firm, W att and Associates, Inc. in Springfield, Mr. W att was president of the Association of Modem Banking in Illinois. JO L IE T : Jim Oberwortmeum, 42, chairman of First Midwest Bancorp, Inc., died November 23 after a oneyear illness with cancer. First Mid west is the holding compemy for the Oberwortmann banks in Illinois. His father, C.D. Oberwortmeum, also of Joliet, is chairman of the First Midwest executive committee emd is chairman of First National Bank of Muscatine, la. South Dakota News B E L L E FOURCHE: Jim Benson has been promoted to manager and vice president of Pioneer Bank & Trust, branch, Bank of Belle Four che, which the Bank of Belle Four che is establishing at 2001 West Omaha, Rapid City. Mr. Benson has been with the bank four years. In ad dition, Rick Sebbo has been hired as assistant vice president and assis tant manager of the bank. Wyoming News CASPER: Lynn Duncan, Wyoming National Bank’s vice president in charge of marketing, has been pro moted to vice president and head of the bank’s correspondent and na tional accounts department. Mr. Duncan joined the bank in 1977. Since that time, he has supervised bank advertising, business develop ment, public relations and new ac count activities of the bank. 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 Jean 515/263-9598 if New Hampton, la. 50659 no answer, 712/779-3567 ■ Messena, Iowa 50853 30/7 CAREERS, INC. " J THE ORIGINAL AGRICULTURAL RECRUITER SPRENGER, ROWLAND AND Getting MESSINA it done for you. it t i Bill Sprenger 234-2625 Frampton Rowland 234-2485 John Messina 234-2486 Commerce Bank ofKansascity https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ^ MEMBER FDIC ^ Tplpnhnnp Telephone/Rifii (816)9Xd.?nnn 234-2000 » POSITIONS AVAILABLE CEO for $20 m illion Minnesota Bank. Requires proven ability in com m unity bank........................................... Salary open Ag Lender for Iowa Great Lakes Area multi-bank holding company. Requires three or more years ag lending plus degree............................................................................. Salary open Marketing Bank Services Si nee 1974 j * M ATT s c o t t Serving Banks in Iowa and Minnesota INDEPENDENT SERVICE C O M P A N Y P.O. Box 171 • Albert Lea, MN 56007 507/373-8216 FOR SALE ROTARY CHECK FILE— LEKTRIEVER SERIES 80. Like new. NCR 775 PROOF MACHINE WITH 12 POCKETS. Con tact Wayne Mastin, First Farmers National Bank, Knox ville, IL Phone 309/289-2346. (FS) NCR 775 PROOF MACHINE WITH 12 POCKETS. Under ser vice maintenance agreement. Home Trust & Svgs. Bank, Osage, IA. Phone 515/732-3763.____________________ (FS) 4 BURROUGHS FULL-KEY BOARD ADDERS. Contact Barb Moody at Commercial National Bank o f Ainsworth, NE. Phone 402/387-2381. (FS) BANK PLACEMENT SPECIALISTS (Our 34th 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. 71st Street 402/393-5515 Omaha, Nebraska 68132 LOAN OFFICER— Excellent opportunity for aggressive person w ith minimum of 2 years banking experience. Future for management. Send resume to Don Collins, First State Bank, Murdock, MN 56271. Phone (612) 875-2431.(PA) Independent bank in lake area seeking INSURANCE AQENCY MANAGER. Must be experienced and well qualified, able to manage people. Part ownership may be available. Agency premium $1 m illion. Write file VBP, c/o Northwestern Banker. (PA) Purchase of Collections Sale of Rare Coins Reliable and respected service for over 20 years COMMERCIAL LOAN OFFICER—$30 m illion community bank located in the NW corner o f Illinois. Minimum 5 years experience. Salary commensurate w ith background. Good benefit package. Send resume and salary history to file VBO, c/o Northwestern Banker. (PA) Ben E . Marlenee Coins Banking Opportunities In THE SUN BELT 913 L ocu st D es M oin es, Iowa 50309 515-243-8064 VICE PRESIDENT/EMPLOYEE BENEFITS AND TRUST IN VESTMENTS— Min. 5 yrs. exp. Degree desired. $35K. AG LENDERS—3-5 yrs. in com. bank. $40K. COMMERCIAL LENDERS— Degreed. 3-5 yrs. exp. Credit department training in large bank desired. $35K. COMMERCIAL CALLING OFFICERS— Min. 3 yrs. com. len ding exp. and calling exp. L ittle travel. $40K. All resumes held in confidence. Forward resumes to: KINGSTON AND ASSOCIATES 3030 N. Central Ave., Suite 1017 Phoenix, AZ 85012 Phone 602/264-1484 (PA) Commercial Lender for large central Iowa independent bank. Requires degree and five or more years commercial lending experience.........................................................Salaryopen Experienced Lender for Eastern South Dakota community bank. Requires both commercial and ag loan background.. ............................................................................... Salary open Ag Lender for Southern Minnesota Multi-bank holding com pany. Requires five or more years experience. Applicant will supervise $9 m illion Ag portfolio and two ag reps................ ....................................................................... Salary to $32,000 Sr. Lender for Southern Minnesota multi-bank holding com pany bank must be experienced in commercial, ag, and retail lending.................................................Salary to $36,000 Commercial Lender for $60 million thrift institution in Eastern Missouri. Excellent opportunity and bonus ar rangement.............................................................Salary open Ag Lender for Northern Iowa community bank. Requires two or more years experience plus degree. Excellent opportunity in county seat tow n..................................... Salary to $29,000 Ag Lender for N.W. Iowa bank. Salary range Is open, depen ding on experience. Nice small community and working con ditions. Ag Lender for S.W. Iowa community bank. Must have three or more years experience plus degree. Bonus arrangement. ....................................................................... Salary to $30,000 Operatlons/Customer Contact for larger Iowa bank. Re quires banker who is customer-oriented. Excellent oppor tu n ity ........................ .................................... Salary to $32,000 Correspondent Officer for major midwest bank. Ag lending background a plus. Must have five or more years banking ex perience.................................................................Salary open Operations Officer to take charge of cashier duties in Southern Minnesota bank........................... Salary to $30,000 Audltor/Comptroller for commercial bank in Dallas/Ft. Worth area. Requires CPA degree and experience with “ BIG EIGHT” firm ............................................... ........ Salary open We have many other positions available. Write or call Malcolm Freeland in confidence c/o Freeland Financial Ser vice, Inc., 1032 Carriers Bldg., Des Moines, la. 50309. Phone (515) 282-6462. Employer Pays Fee. Estate Appraisals BRANCH MANAGER for West Bank City Center location. Career opportunity for Individual interested in branch operations in Des Moines area. Individual must have back ground in operations and credit and enjoy working w ith people. Send resume and salary requirements to Joyce Chapman, West Bank, P.O. Box 65020, West Des Moines, IA 50265. (PA) Positions in AZ, NV, and NM. All positions employer fee paid. TRUST ADMINISTRATORS—3-5 yrs. exp. $35K. Ag Lender for bank in Greater Des Moines area. Excellent opportunity for lender w ith three or more years ex perience, farm background and ag degree----- Salary open Used by bankers throughout the midwest INTERNAL AUDITOR A major Quad-City financial institution is seeking a CPA for an internal auditor. The successful can didate w ill have the proven ability to plan, direct and maintain a management oriented audit pro gram covering all divisions o f the institution, in cluding trust operations and EDP. A thorough un derstanding o f traditional commercial bank audit ing standards and procedures required. If you are a self starter, have the above qualifica tions and wish to progress w ith a dynamic management team, forward a resume and earn ings history in confidence to File VBR, c/o North western Banker (PA) POSITIONS AVAILABLE AGRILOAN/OPERATIONS—primary responsibility w ill be evaluation and approval o f agri credits. Secondary duties to assist cashier. $22K ASST. CONTROLLER— large suburban bank seeks ac counting major w ith 2-3 yrs. operations background. $20K BANK PROFESSIONALS!! If you are the b e s t. . . or want the best . . . TAMMY HUSETH Banking & Finance Recruiter 4515 Fleur Drive, Suite 300 Des Moines, Iowa 50321 (515) 287-6880 COMMERCIAL LOAN—com m unity bank o f $65MM lo cated in southern Iowa. Second position in commercial dept. $30K JUNIOR OPERATIONS—small rural bank desires college graduate w ith 1-2 yrs. bank operations experience. $14K AGRI LOAN—senior officer position in $30MM rural bank. Handle all ag credits and some commercial. $30K Resume and salary requirements requested. TOM HAGAN & ASSOCIATES 2024 Sw ift - Box 12346 North Kansas City, MO 64116 816/474-6874 “Serving the Banking Industry Since 1970” Vol. 12 No. 33 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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