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•
Vol. 16 No. 42
Des Moines, Iowa
Bankers Watch State Legislation
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K | E B R A S K A and Iowa state leg- statewide branching to branching in Douglas
I w islatures swung into action and Sarpy counties (Omaha) and Lancaster
promptly in January, studying and county (Lincoln).
discussing a number o f bills that af LB735—Usury bill would cut maximum inte
rest rates on loans and credit cards to 12%;
fect the banking industry. Some key would cut personal loans law from 19% to
ones are these:
9%; cut general usury from 16% to 9%, credit
NEBRASKA
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LB987—Would create a new statutory lien
list on central file with the Secretary of
State, containing the so-called Section 6
check hostage provision which mandates at
torney fees, court costs and consequential
damages against an endorsee or endorsor
who wrongfully withholds endorsement so as
to hold a check hostage in an attempt to
coerce payments where none are legally due.
The Nebraska Bankers Association says the
attack on the bill comes from the fertilizer,
chemical dealers and aerial applicators
groups who are trying to discredit the bank
ing industry as a whole. The opponents’ posi
tion would allow such a firm whose name appears jointly on the check from a buyer of
farm products to withhold endorsement as a
stalling technique until the farmer named on
the check pays that vendor some agreed
upon payment on an account due, all in con
travention of the current UCC law and central filing procedures. This would delay pay
ment to the lending institution and keep the
farm borrower’s interest due accumulating
until the check finally clears.
LB877—Promoted by former Senator John
DeCamp, lobbying for the s&l industry,
would allow building and loan associations to
branch across state lines. Such authority
granted in Mississippi and several other
states, was the basis for the Comptroller of
the Currency successfully permitting nation
al banks in those states also to branch across
state lines.
LB703—Branching bill indefinitely post
poned. Amendments would change it from
cards to 12% maximum, and small loan com
panies from 24% to 12%.
LB375 and LB702—Interstate banking bills,
the first for reciprocal in contiguous states,
the second for a nationwide bill. Both de
ferred to later date.
IO W A
Iowa Bankers Association is drafting a bill to
establish Central Filing, either through the
Secretary of State’s office or a private firm,
conforming to federal standards. Supported
by NFO; opposed strongly by Farm Bureau,
coops, buyers and commodity groups.
HF649—Would put a cap of $5,000 on life in
surance that could remain exempt and would
apply only to policies purchased within two
years of a bankruptcy filing. Supported by
IB A ; opposed by life insurance industry.
SSB2050—Interstate banking; reciprocal,
regional. In study committee.
SF2061—Extension of Governor’s Moratori
um Bill. Originally to extend for two years;
cut by Senate A g Committee to one year ex
tension of present two-year bill enacted 1985.
Would expire 1989 and coincide with review
of other provisions that sunset in 1989.
SOUTH D A K O T A
SB184—Would grant expanded powers for
securities, insurance and real estate pro
ducts. Opposition is voiced by all three indus
tries—securities, insurance and real estate—
and the Independent Community Bankers of
South Dakota.
Another bill would institute nationwide
reciprocal banking in South Dakota by
February 1,1988
amending the present law granting out-ofstate banks to obtain a charter for credit
card purposes. The ICBSD also opposes this
bill.
M IN N E S O TA
Legislature convenes February 9. Minnesota
Bankers Association will host legislators at
M B A annual Management Conference and
Legislative Dinner that evening at Radisson
Hotel St. Paul. (See detailed program in Min
nesota section this issue.)
□
Iowa News
Thomas R. Smith, 65, has an
nounced his candidacy for the office
of president-elect o f the Iowa Bank
ers Association for the election to be
conducted in August prior to the
102nd annual convention in Septem
ber. Mr. Smith has been with the
Brenton Banks organization for 39
years, serving most recently at
Brenton Bank & Trust Company of
Marshalltown from September 1,
1973, until August 1, 1987, as presi
dent and CEO and as chairman of
the board since that date. H e retired
recently from day-to-day activity in
the bank but will continue active as
chairman. Mr. Smith has been ac
tively involved for many years in the
work of the Iowa Bankers Associa
tion and the American Bankers
Association. H e was treasurer o f the
A B A for the two-year term o f 197779. Mr. Smith said relinquishing the
pressures o f daily business “ will
allow me to devote maxim um time
to givin g to the IB A and to Iowa
whatever I can for the banking
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fl4 /V K f/V G
4333 E d g e w o o d Rd. n .e .
PO. Box 1847
c e d a r Rapids, to w a 52406
319/395-6600
A Banks of lowa subsidiary
previously held the position
Franklin County attorney.
Norwest Bank Des Moines, N.A.
Call (515) 245-3131 or toll-free (800) 362-2514
NOHW EST BANKS
Member FDIC
Yearn work:
one of the reasons
we’re first in Iowa.
Jay Nichols
Tom Quinlin
career I have enjoyed in this great
state.”
* * *
The Iowa Lakes Chapter of the
Bank Administration Institute will
meet February 11 at the Starlite
Village M otel in Fort Dodge. Social
hour will be at 5:30, dinner at 6:30
and program follow in g. Guest
speaker will be Congressman Fred
Grandy. The meeting is designated
as “ Spouse and Guest N igh t,” and
you are encouraged to bring guests.
For more inform ation, contact
Robert J. Dixon at Rolfe State
Bank.
A L T O N : John H. Krogman has
been promoted to senior vice presi
dent o f A lton Savings Bank. He
joined the bank in 1969 and most
D ick Retz
MNB Correspondent Banker
Together W e Can
recently served as vice president.
Former Assistant Vice President
Tom Kiernan was promoted to vice
president. He joined A lton Savings
in 1978.
B U SSE Y: Am ong recent promo
tions at the State Bank o f Bussey
was the advancement o f Cashier
Linda Furman to vice president. She
has been with the bank 12 years.
C L A R IN D A : A t the Page County
State Bank, M onty Boswell has
been named executive vice president
and Dale W . M cAllister and Jeffrey
J. Nolan have been named vice
presidents. Mr. Boswell was pre
viously vice president and Mr.
M cA llister and Mr. Nolan were as
sistant vice presidents.
D U B U Q U E : A t K ey C ity Bank and
Trust Company, Jane M. McQuade
has been promoted to vice president
and cashier. She joined the bank in
1974. Jerome I. Ritt, a bank em
ployee since 1985, has been pro
moted to vice president. H e is man
ager of the Epworth office. Thomas
McDonough has joined the staff as
vice president—marketing, and will
also serve as manager o f the Ken
nedy Road office.
H A M P T O N : K evin W . Krause re
cently joined First Midwestern F i
nancial Corporation as vice presi
dent. Mr. Krause will be legal ad
visor and assist in the consultation
o f the nine subscribing banks. He
H A M P T O N : A t First National
Bank o f Hampton, R obert K.
Cooper has been promoted to execu
tive vice president. He joined the
bank in 1983 as senior vice president
and director. D avid Heuberger has
been named vice president. H e has
been with the bank since 1979.
P E R R Y : A special open house from
1:30 p.m. to 4:30 p.m. on February 5
in the Perry State Bank lobby will
honor John M. (Mel) Shanda, presi
dent and CEO, who will retire Feb
ruary 12 after a 35-year career in the
banking industry. A t 3:00 p.m. a
special program will recognize Mr.
Shanda’s career accomplishments at
Perry State Bank the past 15 years
and earlier at Home State Bank in
Jefferson, where he worked the first
20 years o f his career. Howard K.
Hall, executive vice president of
Perry State, said area bankers are
invited to join Perry residents for
the open house honoring Mr. Shan
da.
W A L F O R D : Nicholas G. Volk has
been elected executive vice presi
dent of Farmers Savings Bank. H e
previously served as vice president
since 1980. Prior to that he was a
bank examiner for the State o f Iowa.
Nebraska News
L IN C O L N : Bud Olsson has joined
FirsTier Bank Lincoln as vice presi
dent in commercial lending division.
He began his banking career in 1973
and before joining FirsTier was as
sociated with Vistar Bank.
T E K A M A H : Larry N. Nelson has
been appointed president and CEO
of Burt County State Bank o f Tekamah. H e previously served as execu
tive vice president, and had also
worked as vice president and cashier
since joining the bank in 1977.
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Strength of
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Digitized forMerchants
FRASER
National
Bank isi
Cedar Rapids. Iowa 52401
Member F 0 1C
A BANKS OF IOWA BANK
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
BankersTrust
Des Moines, IA
1/
of
Donald H. Jordahl
M em ber FD IC
Vice P residen t
In
1928
U.S.A. won the Olympics
Amelia Earhart became
the first female pilot to cross
Atlantic Ocean and
United Missouri opened
its Investment Banking Division.
U nited M issouri Bank announced Investm ent Banking
Services in ’28. It didn’t m ake national headlines. It did
m ake a difference.
Since then, U nited M issouri has h elped thousands o f
banks build th eir investm ent portfolios.
It has done it b y thorou gh ly analyzing th e m arket,
skillfu lly w eigh in g y ield versus risk and carefully avoiding
inappropriate investm ent strategies.
A s a result, U nited M issouri custom ers have consis
te n tly e x p e rie n c e d p o s itiv e resu lts th rou gh y ea rs o f
econom ic change.
Tbday, U nited M issouri’s Investm ent Banking D ivision
still makes a difference. It can m ake a differen ce fo r you. Call
U nited Missouri concerning your bank’s investm ent portfolio.
A n d, pick the proven perform er.
lb
U N ITE D M ISSOURI B ANK
of Kansas C ity, n.a.
Member FDIC
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Federal Reserve Bank of St. Louis
f
mar
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P.O. B o x 419226, K ansas C ity, M isso u ri 64141-6226
816-556-7200
4
Group 11 to Meet in Burlington
H E annual meeting of Group 11
of the Iowa Bankers Association
will be held on February 14-15 at
The Holiday in Burlington. Group
Chairman Dan Doyle, president of
Wellman Savings Bank, will pre
side.
Guest speaker, this year is John
Langhorne, a psychologist who
operates a human resource and man
agement development consulting
and training business in Iowa City.
His topic will be “ Predicting Profes
sional Success in the W orld of
W ork.” Dr. Langhorne will present
information on how to identify high
performance employees and improve
performance of employees.
A lso speaking at the meeting will
be IB A President Clair J. Lensing,
T
C.J. LENSING
D. DOYLE
IB A Executive Vice President Neil
Milner and Iowa Superintendent of
Banking E d Tubbs.
Entertainment will be provided
by The Players, specialists in ’50s
and ’60s rock and roll and comedy.
The program follows:
Sunday, Feb. 14
P.M .
4:00
5:30
7:00
8:15
8:45
Registration.
Social hour.
Buffet dinner.
Clair Lensing, IB A pres.
The Players.
Monday, Feb. 15
A.M .
8:30 Business meeting.
Ed Tubbs, Iowa superinten
dent o f banking.
E. TUBBS
N. MILNER
Neil Milner, IB A exec. v.p.
9:30 John Langhorne: “ Predicting Professional Success in
the W orld of W ork.”
P.M.
12:00 Luncheon.
South Dakota News
The South Dakota Bankers Asso
ciation w ill sponsor “ Insights into
the New I R A ” with Collin W . Fritz
and Associates on March 10 at the
Hilton Inn in Rapid C ity and on
March 11 at the Ramkota Inn in
Sioux Falls. Designed for personnel
with some IR A experience, the semi
nar will update bankers on dealing
with IR A s, including discussion of
recent changes to the 5305-A form.
Registration is at 8:30 a.m. and the
program runs from 9:00 to 4:00. Fee
is $105 in advance and $115 on site.
To register, contact the S D B A office
in Pierre.
S IO U X F A L L S : Gary G. Olson has
been named regional president for
Norwest Corporation in South Da
kota and president and CEO o f N or
west Bank South Dakota. H e was
president o f the bank. H e succeeds
C.P. Moore as regional president
and chief executive of the bank. Mr.
BE SURE TO ATTEND THE 1988
GROUP 11 MEETING FEBRU A RY 14-15 in
BURLINGTON AT THE HOLIDAY (Jet. of Hwys. 34 & 61)
Join your fellow bankers for important information and great entertainment!
SPECIAL ENTERTAINMENT “THE PLAYERS”
The Players offer a variety of
musical style, laced with
humor. They perform music
from the 1950s and ’60s.
Now in their eighth year,
they have achieved local
recognition for quality and
professionalism.
Don’t miss speaker John Langhorn: “Predicting Professional Success in the World of Work”
The banks of Burlington hope to see you February 14-15 at the Holiday
Burlington Bk. & Tr.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Farmers & Merchants Bk. & Tr.
First National Bank
•
OVER 6 0 %
OFALL BANKSIN OURMARKETAREAARENOWINSURED
BY THE KANSAS BANKERS SURETY COMPANY
That’s Right. . . In the nine states we serve we have solved the bonding needs for
6 of every 10 banks.
That's over 16.4% of all banks In the United States
THE REASONS. . .
SUPERIOR SERVICE
MOST COMPETITIVE PREMIUMS
REALISTIC UNDERWRITING
PROMPT CLAIMS SERVICE
IF YOU’RE NOT GETTING THE SAME FROM YOUR BONDING COMPANY...
GIVE US A CALL - YOU’LL BE GLAD YOU DID.
THE KANSAS BANKERS
SURETY COMPANY
DAVID E. ABENDROTH
Senior Vice President
DONALD M . TOW LE
President
611 Kansas Avenue P.O. Box 1654
Topeka, Kansas 66601
Phone 1-913-234-2631
FINANCIAL INSTITUTION BONDS, SAFE DEPOSITORY LIABILITY, CHECKS KITING FRAUD INDEMNIFICATION,
DIRECTORS AND OFFICERS LEGAL DEFENSE AND LIMITED INDEMNITY POLICIES
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
OVER 6 0 %
OFAU BANKSIN OURMARKETAREAARENOWINSURED9
BY THE KANSAS BANKERS SURETY COMPANY
That’s Right. . . In the nine states we serve we have solved the bonding needs for
6 of every 10 banks.
That's over 16.4% of all banks In the United States
THE REASONS. . .
SUPERIOR SERVICE
MOST COMPETITIVE PREMIUMS
REALISTIC UNDERWRITING
PROMPT CLAIMS SERVICE
IF YOU’RE NOT GETTING THE SAME FROM YOUR BONDING COMPANY...
GIVE US A CALL - YOU’LL BE GLAD YOU DID.
|
I
B
THE KANSAS BANKERS
SURETY COMPANY
DAVID E. ABENDROTH
Senior Vice President
DONALD M . TOW LE
President
611 Kansas Avenue P.O. Box 1654
Topeka, Kansas 66601
Phone 1-913-234-2631
FINANCIAL INSTITUTION BONDS, SAFE DEPOSITORY LIABILITY, CHECKS KITING FRAUD INDEMNIFICATION,
DIRECTORS AND OFFICERS LEGAL DEFENSE AND LIMITED INDEMNITY POLICIES
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Serving the Heartland of Am erica since 1909
*
WHY SHOULD BANKS PROVIDE
INSURANCE, ANNUITIES AND
SECURITIES FOR THEIR CUSTOMERS?
11 Customer Retention
2. Increase Fee Income
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OUR MARKETING PREMISE
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815 Office Park Road #8
West Des Moines, Iowa 50265
Ph: (515) 224-5880
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Ph: (515) 224-5880
Name:
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Phone:
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Federal Reserve Bank of St. Louis
8
Moore continues as bank chairman
and moves into a new position as re
gional chairman. Mr. Olson joined
Norwest in 1963 at Norwest Bank
Huron. A fte r that he served as
branch administrator in the Sioux
Falls branch system and as presi
dent o f Norwest Bank Aberdeen
before joining Norwest Bank South
Dakota as vice chairman in 1985.
Minnesota News
The Minnesota Bankers Associa
tion will hold its 1988 Senior Bank
Management Conference on Febru
ary 9-10 at the Radisson H otel in St.
Paul. Legislative, economic and
management issues will be ad
dressed, and the conference will fea
ture an opportunity for bankers to
recognize the Minnesota legislature
with a special evening o f activities
including a reception, dinner and en
tertainment. The program follows:
TUESDAY, FEBRUARY 9
P.M.
12:30 Registration desk open.
1:30 Call to Order and Opening Com
ments— R. Scott Jones, chairman,
MBA Bank Management Committee;
president, Goodhue County National
Bank, Red Wing.
B ANKIN G
VP COMMERCIAL LOAN MANAGER. Competitive
market place! Community with loan demand. Self
starter with 4 + years in commercial lending. People :
' management experience a must. Variety of clientele ;
in an outstanding university community. Full bene- \
|flts ! .................... To$40K......................... Call Bruce. |
V.P. • LENDING. Represent one of the best. High
performance bank with $500mm in assets. Profes
sional image, an analytical nature and 3 + years
bank lending experience are the keys to this oppor- i
| tunlty. Retirement, profit sharing and stock incen% tive are Just a few of the excellent benefits with this ?
I institution.................................................... Call Bruce.
i: LOAN OFFICER. Open spaces and outdoor activi- 1
1 ties abound in this western community of 25K. Write
loans for this profitable holding company. 2 + yrs ’
ag or commercial experience and community >
oriented individual will fit the bill. Benefits and relo- ;
cation........................................................... Call Bruce.
| COMMERCIAL LOAN OFFICER. Growth oriented
$165mm holding company bank in Metro area needs
4 + years experience C.L.O. Bus. develop- j
i ment/MBA/professional profile/financlal analysis
8 skills a real plus! .........................................Call Marj. |
| VP-TRUST OFFICER. Strong sales personality, in
vestment background, managerial experience, gen- I
; eral trust knowledge for $170 + mm Metro area
bank. Great opportunity!............................Call Marj.
I C.L.O. Formal credit training, 2 + years lending e x ->
perlence, calling program participation needed for ‘
$300 + mm bank in economically thriving area. Ex- |
j cel lent benefits!...........................................Call Marj. {
| V.P./C.L.O. Mature lender with 3 + years experience, I
team player, larger bank background for $200 + mm s
8 bank. Permanent position good benefit package, I
Jj metro community......................................... Call Marj.
>’ Partial Listing. Positions available throughout
Midwest. Call or send resume in complete confi-1
dence.
I
4:00
5:15
6:00
7:00
10:00
Federal Legislative Issues—Senator
David Durenberger, Congressman
Bruce Vento, Senator W illiam Proxmire (invited).
MBA Legislative Plans/Update and
“ Building a Relationship W ith Legis
la to rs ” — Robert Burk, chairm an,
MBA Legislative Committee, presi
dent, Merchants & Miners State
Bank, Hibbing, and John S. Jackson,
MBA vice president and general
counsel.
The 1988 Legislative Session— Min
nesota legislative leaders (invited).
Adjourn.
Reception.
Dinner, Program and E ntertain
m e n t-P re s id in g - James R. Jorstad,
MBA president; president, Citizens
State Bank, Hayfield.
Introductions and comments.
Entertainm ent—The Steve Grimm
and Colleen Raye Show.
Adjournment.
WEDNESDAY, FEBRUARY 10
A.M.
7:30 Registration desk open.
8:30 Call to Order and Opening Com
ments— Presiding - John Milbauer,
chairman, conference planning com
mittee; president, Chisago County
State Bank, Center City.
Regulatory Panel—Charles Thacker,
regional director, FDIC; James
Miller, deputy commissioner of com
merce, and Larry McDaniel, regional
supervisor, Comptroller of the Cur
rency.
9:30 Human Resource Issues— Barbara
Hanley, Hanley and Associates, Min
neapolis.
10:45 “ Developing a Sales C ulture” — Laird
Landon, Ph.D., Laird Landon Con
sulting Inc., Humble, Tex.
P.M.
Noon Luncheon— Presiding - John Mil
bauer.
“ Strategies 2000” —Carolyn Corbin,
founder and president, Carolyn Cor
bin Inc., Dallas, Tex.
2:30 Adjournment.
□
*
*
*
The Minnesota M etro American
Institute of Banking has announced
its seminars to be held in Minneapo
lis during February. Dates and
topics are: 2nd—Branch Banking:
H ow to Handle the Transition; 3rd—
Second Mortgage/Equity Line of
Credit; 4th—The Challenges of the
Executive Secretary; 9th—Manag
ing Stressful Situations and People
U n d er S tress; 10th —S p o ttin g
Deteriorating Credits; 10th and
11th—Introduction to Symphony;
17th—Advanced Lotus 1-2-3; 23rd—
Basic Management and Supervision
COL. GORDON E. TAYLOR
5 1 5 /4 2 3 -5 2 4 2
(personnel Search
1126 So. 72nd St. Om aha, Ne. 68124
.402-397-2980.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1
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B o x 9 4 9 - M a s o n C ity , la . 5 04 0 1
P ro fe s s io n a l A u c tio n e e r
R e a l E s ta te B ro k e r
a n d A p p r a is e r
1Bt/*-
I jLgN
CHIEF EXECUTIVE OFFICER
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leader to direct bank’s activities. Candidate must have
strong leadership abilities and commercial loan ex
perience. No Fees. Contact David L. Hansen.
H A M IL T O N
ASSOCIATES
100 Court Ave., Suite 306
Des Moines, Iowa 50 309
515/282-0221
Skills; 23rd—Check Cashing and
Endorsement; 24th—Legal Aspects
of Negotiable Instruments.
L U V E R N E : A t Minnwest Bank Luverne, Greg Burger has been promoted to senior vice president. H e
joined Minnwest (formerly Norwest)
in 1984 as vice president. His pri
mary responsibility will be agricul
tural loans.
#
^
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a
M IN N E A P O L IS : Steven R. Schroll
has been named vice president and
head of investor relations for First
Bank System. H e succeeds Albin S.
Dubiak, who has assumed new
duties as director o f investment re
search at First Trust, an FB S subsi
diary. Mr. Schroll most recently
served as vice president of First
Asset Management, another FBS
subsidiary. Prior to joining that
company in 1985, he worked as a|
security analyst for Dain Bosworth.
M IN N E A P O L IS : Peter M iller has
been named group vice president of
trust services at Marquette Bank
Minneapolis. He was previously vice
BANKING
CAREER®
quality service by experienced professionals
BANKERS AVAILABLE
OPERATIONS
Over 5 yrs. in same bank. Now head of operations,
also assists with loans & ins. Reference states; “Does
excellent job...very hard worker & responsible, gets in
volved in community, good family man, and VERY per
sonable. ISU grad, IA School of Banking, etc. $28,000.
AG LOAN OFFICER
Two yrs in $100mm + bank, working with all facets of
ag lending. References say, “One of the best...lots of
drive, really knows ag credit.” Strong computer &
documentation skills. B.A. Business, Ames Ag Credit
School.
$20,000.
JEAN EDEN
SANDI GARNER
525 Merle Hay Tower
Des Moines, Iowa 50310
515-276-1151
£
FirsTier. Correspondent Services
9
More of what it takes to serve you well.
F irs T ie r B an ks
Lincoln • Omaha
FirsTier Bank, N.A., Lincoln and FirsTier Bank, N.A., Omaha, Members FDIC
president o f the trust services
group’s business development divi
sion.
A Meeting
Of The Minds.
Illinois News
^
_
^
M cH E N R Y : Am ong recent promo
tions at M cH enry State Bank was
the naming o f Edwin J. Becker, Jr.
to senior vice president. H is duties
include operations, investments and
facilities supervision. He joined the
bank in 1965.
A t Security National Bank, our minds
are on meeting all your Correspondent
Banking and Investment needs.
We’re Security for you!
Wilma Weeks
Richard Ktmz
Correspondent Services
Officer
Investment
Representative
712-277-6769
Colorado News
^
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£
•
®
SECURITY N A TIO N A L BANK
IN SIOUX CITY, IOWA.
G O LD E N : Michael R. Greunke,
who has been with the Colorado N a has been with the Elcho bank for 25
tional Bank since 1973, has been years, most recently as cashier.
elected president o f Colorado N a K O H L E R : First Interstate Corpora
tional Bank—Golden. H e has been tion o f Wisconsin has announced
vice president and cashier at Colo that it has completed the purchase
rado National Bank—Tech Center in o f the assets and business o f the
Denver since 1982.
Milwaukee office o f First Interstate
Commercial Corporation, with as
Wyoming News
sets o f about $30 million.
The W yom ing Bankers Associa
M IL W A U K E E : John H. Hendee,
tion will sponsor an A g Lenders InJr. has been elected chairman and
Éstitute in Laramie on February 25CEO o f First Wisconsin Corpora
26. Tickets to a W yom ing Cowboystion. H e succeeds H al C. Kuehl, who
Utah basketball game will be offered
is retiring on March 31. Mr. Kuehl
in conjunction with the event. For
joined the company in 1947, was
more information, contact the W B A
named president o f First Wisconsin
office.
National Bank o f Milwaukee in
1969, and in 1977 was named chair
W isconsin News
man o f the bank and president o f the
C A S C A D E : D avid M. Cramp has
holding company. H e became chair
been appointed executive vice presi
man o f the corporation and relin
dent o f the State Bank o f Cascade.
quished the bank title in 1986. Mr.
His previous title was vice president
Hendee joined First Wisconsin in
and cashier.
1949. H e was elected president of
ELCH O : On October 1, 1987, Elcho the Milwaukee bank in 1976 and
Bancorporation, Inc. acquired the chairman and CEO in 1986. In 1987,
State Bank o f Elcho. Recently ap he took on additional duties as vice
pointed vice president o f the bank chairman o f the holding company.
were Herbert J. Meshun and Bever- John Becker, president o f First W is
ly Handeyside. Mr. Meshum served consin National Bank o f Milwaukee,
for 22 years with the American will succeed Mr. Hendee as CEO of
Bank o f Alma, Wis. Ms. Handeyside the bank on A p ril 1. He joined the
n
w
MEMBER F.D.I.C.
bank in 1967 and held a number of
posts, including president o f First
Wisconsin National Bank o f Madi
son, before being named president of
the Milwaukee bank in 1987. W ith
the retirement o f corporation Vice
Chairman Gary B. Rafn on March
31, W illiam H. Risch will become the
company’s chief financial officer. He
is senior vice president and trea
surer o f the corporation.
IBAA Nominees Announced
The Independent Bankers Asso
ciation o f Am erica Nom inating
Committee has announced the slate
of officers it will put forward at the
national convention in March.
Nom inees are: P re s id e n t—J.R .
Nunn, president, Citizens Bank,
Tucumcari, N. Mex.; PresidentE lect—O.J. Tomson, chairman, Citi
zens National Bank, Charles City,
la.; Vice President—Philip Vallandingham, president, The First State
Bank, Barboursville, W . Va.; Trea
surer—E d Sheldon, president, N a
tional Bank o f Bremerton, Bremer
ton, Wa. Thomas H. Olson, current
I B A A president, will become chair
man o f the I B A A board. H e is presi
dent o f Lisco State Bank in Lisco,
Neb.
F irs t In te rs ta te Bank
We’re setting the pace.
1-800-362-1615
J e ff S im s
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Correspondent Services
712-277-6522
S tu a rt Becker
Correspondent Services
POSITIONS AVAILABLE
POSITIONS AVAILABLE
TRUST OFFICER— Excellent opportunity for JD or CPA to
join a progressive Iowa bank. Background should include
probate experience............................................... To $35,000.
EVP $63MM Bank. Overall Bank functions. 8 + Yrs. exp.
Develop, implement, supervise and document policies.
Position leads to CEO. Send resume to File No. WMC c/o
Northwestern Banker.
(PA)
PRESIDENT—$40mm bank looking for seasoned profes
sional with solid operations and lending background.
Must possess excellent interpersonal skills for training
AG LOAN OFFICER. $17MM Illinois bank seeks young
FLB/PCA trained individual, 2-5 yrs. experience desired,
able to relocate promptly with minimal inconvenience,
who is desirous of a banking career. Sound personal back
ground desired. Salary commensurate with experience.
Send resume to: Jan LaDue, V.P., State Bank of Sherrard,
Box 455, Sherrard, IL 61281.
(PA)
CASHIER/CONTROLLER— Expanding financial group
needs a capable professional with 10-12 years experience
in banking or combination of banking and public account
ing............................................................................To $40,000.
Financial Careers, Inc.
VP—$18mm bank located in a rural suburban community
near Mpls. looking for an individual with commercial & real
estate loan & operations exp. Excellent opportunity. All
replies kept confidential. Contact Clinton D. Kurtz or send
resume to: Citizens State Bank, Box 98, Norwood, MN
55368. (612) 467-3000.
(PA)
Two Ruan Center/Sulte 1000, Des Moines, IA 50309
515/245-3786
Employer pays fee.
Please contact Lorraine Lear or Malcolm Freeland con
cerning these and other Midwest banking opportunities.
TRUST ADMINISTRATOR—$15MM Trust Department
seeks an individual with at least two years previous trust
administrative, investment, and operation experience. Ap
plicant must possess good communication skills and
have computer experience. Salary based on education and
experience. Interested applicants should send a personal
resume to: Dennis Flanery, Personnel Manager, United
Bank & Trust, 405 Main Street, Ames, IA 50010.
(PA)
Serving bankers quietly and efficiently.
CAPITAL PERSONNEL SERVICE
714 First Interstate Bank Building
Des Moines, Iowa 50309
515-283-2545
POSITIONS WANTED
25 YEARS of experience with solid background as opera
tions and administration officer handling investments,
discount brokerage, excess funds, some marketing.
Skilled executive secretary handling all details for bank
board and holding company. Contact File No. WMO c/o
Northwestern Banker.
(PW)
POSITIONS AVAILABLE
SENIOR LENDER—Are you ready to move up? Minneapo
lis bank seeks #2 person to direct its lending function!
Must be degreed with 10+ yrs com’l lending exp. A great
oppty that leads to the presidential spot for the right per
son.
To $55K.
Job #NW2797
12 YRS. EXPERIENCE in lending, operations, investments,
marketing & personnel. Graduate of CO School of Bank
ing. Currently in lending full-time. Looking for a position
with opportunity. Contact File No. WMP c/o Northwestern
Banker.
(PW)
VP MANAGER COMMERCIAL BANKING DIVISION— Does
reorganization and job elimination have you wondering
about your future? Maybe you should take control of your
destiny! A well performing Twin City metro bank seeks a
strong technician to manage its com’l lending area. Must
be degreed with 5 + yrs com’l lending exp. A great oppty
that offers relocation to the right candidate.
To$50K.
Job #NW279&
FOR SALE
PORTABLE BANK BUILDING. 14' x 65' with Mosler vault &
drive-up equipment + miscellaneous other equipment.
Contact Wilton Savings Bank, Wilton, IA (319) 732-2077. (FS)
JR. COMMERCIAL LENDER— Has the time come to r e a lll
test yourself? An Eastern South Dakota bank needs ?
commercial lender with 6 months experience. This is a
great opportunity to join one of the most visible and pres
tigious bank groups. Super career pathing!
To $28K.
Job #NW2702
COMPLETE NCR IN-HOUSE SYSTEM—One 9300 Processor (7 communications). One 6530 Disk Drive Unit (81
megabytes fixed & removable storage). One 6420 600LPM
Printer & Band. One 6441 Printer (70LPM). 6CRT’s, Cables
etc...Call (402) 792-2411.
(FS)
“THE RIGHT FIT”
BANKERS AVAILABLE
TRUST DEPT HEAD
Are you tired of being #2? Take control of your career and
move into mgt position of this $12m dept. Must have pre
vious banking exp and strong people skills. JD a + .
$35 K.
AG LOAN OFFICER
Super location! Community bank w/great mgt and good
loan demand needs 3 + year lender who has worked with
FmHA and customer calling program.
$28K.
COMM’L LENDER
Make your mark in commercial lending. Well run $50m
bank wants comm'l exp. Part of 16 bank H/C. Must have
3 + years exp and credit by $150K + .
$35K.
BR MGR
Are you a sharp, aggressive, experienced ag lender?
75m + Wis ag bank seeks proven lender who has presiden
tial potential and 5 + years of experience. Strengths
should be in row crop w/some dairy knowledge.
$30K.
CONS HEAD
Do you have knowledge of dealer paper and retail loans?
One of Iowa’s leading banks has an opening for a strong
consumer mgr. Looking for L-T career potential. Must have
6 + yrs exp.
$33K.
B anking P lacem ent Specialist
CANDIDATES OF THE WEEK:
SR. LENDER - Degree and nearly 8
years in banking w ith strong commer
cial and ag skills. Presently #2 in
bank over $100 m illion - a cash flow
lender who knows the tools. Very
comm unity conscious.
$ to 50K (incentive oriented).
AG LOAN OFFICER - B.S. Ag Eco
nomics w ith distinction and over 5 +
years ag loans (sat on loan com m it
tee for all loans) and attended com
mercial lending school. Big system
trained. Super references.
$25-30K.
Members of a nationwide recruiting
network for top selection.
Contact our
Sue Lundquist
Bank specialists
Mel Hansen CPC
FOR FURTHER INFORMATION CONTACT KURT ROSENCRANTS
Des Moines, IA 50309
(515) 244-4414
ALL FEES COMPANY PAID
ELLS
Ells Personnel Systems
1129 Plymouth Building
Minneapolis, MN 55402
612-333-1131
CELEBRATING OUR 75th ANNIVERSARY
BY SERVING OUR BANKING CLIENTS WELL!
FOR MORE INFORMATION
CONTACT PAUL GENTZKOW
OR JAN PETERS
[ml R O B E R T H ALF
.T * or
:opt«, —c.
3636 IDS Center
Minneapolis, MN 55402
(612) 339-9001
ALL FEES COMPANY PAID
PO SITIO N S A V A IL A B L E
TRUST MARKETING - large urban bank. Requires degree
and trust experience.
$35K
REAL ESTATE LOAN ■single family residential and secon
dary market experience required. Proximity of major metro
area.
$40K
LOAN REVIEW - large bank experienced required. Both
junior and senior level positions available.
$28-$40K
COMMERCIAL LENDING - V.P. positions in urban and
large suburban banks. Personal portfolios from $20MM to
$50MM.
$40K
BRANCH MANAGER • handle small business and con
sumer credits. Med-size community affiliate of multibank
holding company.
$24K
Additional listings for commercial lending and
trust officers. Resume’ requested.
TOM H A G A N & ASSO C IATE S
P.O. Box 12346/2024 Swift
North Kansas City, MO 64116
816/474-6874
“ Serving the Banking Industry Since 1970”
Vol. 16 No. 42 Northwestern Banker Newsletter (USPS 873-300) is published weekly by the Northwestern Banker Company, 1535 Linden
Street, Suite 201, Des Moines, Iowa 50309, (515) 244-8163. Subscriptions $1.00 per copy, $24.00 per year. Second class postage paid at
Des Moines, Iowa. Address all mail subscriptions, changes of address (Form 3579), manuscripts to Northwestern Banker, 1535 Linden
St., #201, Des Moines, Iowa 50309.
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