The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Vol. 8 No. 42 Des Moines, Iowa February 11,1980 Conference Committee to Meet March 4 The Senate-House Conference Committee is scheduled to begin m eeting March 4 to resolve differences in the financial bills passed late last year by the two branches of Congress. Those bills were H.R. 7 (Federal Reserve Bill) and the accom panying NOW account legislation, and S. 1347 (Proxmire-Cranston Reg Q b ill). While the House failed to address the Reg Q question, the Senate bill did not take up the Federal Reserve membership question. The Conference Committee will address those differences. Sincve the authority for banks, savings and loans and credit unions to offer transaction accounts, remote service units and share drafts was to expire December 31, 1979, under an order from the W ashington, D. C., Court of Appeals unless Congress acted, the Conference Committee did agree in December to a three-month exten sion of those powers, due to expire March 31. This sets a March 31 deadline for action by the Conference Committee since continuing life for those financial powers is a part of the two bills. The committee could merely act on another 90-day extension, but this is considered unlikely by Washington observers. Congress ional members apparently feel it is time to take action and get financial legislation out of the way for over-riding matters of national and international importance—energy, Iran and now the R ussian question—especially with a Presi dential election already underway. Consequently, it is felt in banking circles that action will be taken by the Conference Committee—prob ably with more speed than might otherwise be noted, due to pressing circum stances of other national business. Lending credence to this obser vation is the statement reportedly made by Rep. Henry Reuss (D., W is.), chairman of the House Banking and Currency Committee, who is quoted as saying we will have national NOW accounts by April 1. Iowa News BURT: Jerry R. Johnson has purchased the Burt Savings Bank from Benjamin P. Morris III, Tama attorney; William Beohm, president of Tama State Bank, and John S. and Jared O. Bauch, Traer attorneys. Mr. Johnson will con tinue as executive vice president of the Tama State Bank. L. Michael Scott will continue as executive vice president at Burt, and other officers will remain the same. CLEGHORN: Ralph Shafer, a prominent area farmer, has been named chairman of the board of the Cleghom State Bank. CLINTON: The First N ational Bank has received consent from the regional administrator of national banks to open an office at 2335 N. Third St. here. COLFAX: Jack Pester, chairman of Pester Derby Oil Company, Des M oines, has offered to purchase m ajority interest in the First National Bank here from H. E. Bell, chairman, and Howard E. Bell, Jr.; Charles M. Stinson, president, and Robert K. Underwood, director. The same offer also has been extended to all other stockholders. The sale would require approval of federal banking authorities, and a report is anticipated in May. Mr. Pester said there would be no changes in personnel. Colfax is the location of Mr. Pester’s first gas station in a business that has now spread throughout the midwest. DES MOINES: Plaza State Bank has received consent from the FDIC to change the location of its main office at Merle Hay Mall to 6200 Aurora Ave. in Urbandale, and to establish a branch at the site of the present main office. DAVENPORT: First Trust & Sav ings Bank has received consent from the FDIC to establish a facility at 1733 E. Kimberly Road here. CALL ON THE “PERFORMANCE TEAM” where com m on transactions are h an d ed uncommonly well. \n m \ FIRST NATIO NAL LINCOLN https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 13th & M Street • Lincoln, Nebraska 68501 • Member, F.D.I.C. DELHI: Jam es K. Burdick has been named senior vice president of the Delhi Savings Bank. He has been a vice president of the Citizens State Bank, Hopkinton. DES MOINES: The Iowa-Des Moines National Bank has received permission to locate a CBCT unit at 19th and Carpenter here. EDGEWOOD: Barbara L. Moser and Jacqueline A. Johnson were promoted to assistant cashier at the recent annual meeting of the Com munity Savings Bank here. LOHRVILLE: L. A. Kobernusz has been elected executive vice presi dent and a director of the Lohrville Savings Bank. He was formerly vice president of the Citizens State Bank, Corydon. MAXWELL: The Maxwell Bancorporation has received consent from the Federal Reserve Bank of Chicago to become a bank holding company by acquiring the Maxwell State Bank. MILES: The Miles Savings Bank has received consent from the FDIC to exercise limited trust powers. MINEOLA: The Mineola State Bank has increased its amount of common stock from $50,000 to $100,000 by a stock dividend. Ben Eilders: BANKERS9 BANKER OTTUMWA: South Ottumwa Sav ings Bank has received consent from the FDIC to establish an office at 501-503 N. Weller here. STORY CITY: LeRoy Kester has joined the Story County State Bank as an assistant vice president. The bank’s surplus has been increased from $1.1 million to $1.2 million. VAN HORNE: Regulatory authori ties have approved the sale of the Van Horne Savings Bank to BenjaminP. Morris III, attorney at Tama; William Beohm, president, Tama State Bank, and John S. and Jared O. Bauch, attorneys at Traer. D es M oines, Iow a 5 0 3 0 4 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis capabilities give you a lot of help for your money. ______| 8 j _ Lance Davenport Nebraska News NATIONAL BANK ALLIANCE: The Alliance National Bank has filed for permission from the regional adm inistrator of national banks to exercise fiduciary powers. AURORA: James E. Koepke has been elected executive vice presi dent of the First National Bank & Trust Co. here. He was formerly senior vice president. BELDEN: R. K. Draper, Sr., has resigned as vice president and director of the First National Bank and has sold his remaining stock in the bank. He had served as president of the bank until 1950 when he sold controlling interest to G. E. Barks. BRAINARD: LaVem J. Fortik was promoted from vice president to executive vice president of the Bank of Brainard. Dorean L. K astl, cashier, was named vice president and cashier. DAVID CITY: James L. Howe, formerly executive vice president of the First National Bank here, has been elected president to succeed the late Paul Kosch. With US Bankers Thist Our computer GORDON: Gordon State Banshares, Inc. has received consent from the Federal'Reserve Bank of Kansas City to become a bank hold ing company by acquiring the Gor don State Bank. MERNA Gail Thies has been named cashier of the State Bank of Mema. She joined the bank last May. NORTH LOUP: James A. Bodyfield has been promoted from assist ant vice president to vice president at the North Loup Valley Bank. The bank’s surplus has been increased M e m ber FDIC An A ffilia te ç>f N o rth w e s t B a n ç o rp o ra tio n from $200,000 to $300,000. NORTH PLATTE: North Platte State Bank has promoted Russell L. Rathman from vice president to executive vice president and senior loan officer. Patricia A. Owen, cashier, has been named vice presi dent and cashier. OGALL ALA: Keith County Bank & Trust Co. has received consent from the state department of banking and finance to establish a detached auxiliary teller office at 712 W. First St. here. RAVENNA: Terry Johnson has been promoted from vice president to executive vice president of The Ravenna Bank. Alan Kegley was elected assistant cashier. RISING CITY: Loren H. Stuhr has been elected senior vice president of the Farmers State Bank here. He was formerly vice president and loan officer. SIDNEY: An application by American National Sidney Corp. to become a bank holding company by acquiring The American National Bank of Sidney has been denied by the Federal Reserve Board. NOTICE: Iowa and Nebraska banks— please return your bank directory questionnaires to the Northwestern Banker as soon as possible. These forms were mailed out on January 7 and we need them to begin work on the 1980 editions of the Iowa and Nebraska Bank Directories. Carleton D. Beh Co. Investment Bankers/Financial Consultants NEW ISSUE MOODY’S: Aa $ 1,500,000 COUNCIL BLUFFS, IOWA General Obligation Essential Corporate Purpose Bonds Dated: March 1, 1980 Denomination: $5,000 Both principal and semiannual interest (June 1 and December 1, first coupon due June 1,1980) payable at the Office of the Treasurer, Council Bluffs, Iowa. IN THE OPINION OF COUNSEL INTEREST ON THESE BONDS IS EXEMPT FROM ALL PRESENT FEDERAL INCOME TAXES, IOWA FRANCHISE TAX, AND ALL PROPERTY TAXATION IN THE STATE OF IOWA. MATURITIES 6.50% 7.00% $150,000 June 1, 1991* 6.50 6.25 $ 15,000 June 1, 1982 6.55% 6.25 20,000 June 1, 1983 175,000 June 1, 1992* 6.55 6.25 25,000 June 1, 1984 6.60% 6.25 50,000 June 1, 1985 200,000 June 1, 1993* 6.60 6.30 50,000 June 1, 1986 6.65% 6.30 75,000 June 1, 1987 200,000 June 1, 1994* 6.65 6.35 75,000 June 1, 1988 6.70% 6.40% 240,000 June 1, 1995* 6.70 6.40 June 1, 1989* 100,000 6.45% 125,000 June 1, 1990* 6.45 *Optional in inverse order beginning June 1, 1988 at 102% and declining at the rate of Vz of 1% each full calendar year thereafter. LEGALITY TO BE APPROVED BY AHLERS, COONEY, DORWEILER, HAYNIE & SMITH, ATTORNEYS, DES MOINES, IOWA The City of Council Bluffs, Iowa, encompasses 26,200 acres and is the County Seat of Pottawattamie County. It is the industrial, farming, trading and shipping center for Western Iowa. The City is the center of one of the richest agricultural regions in the U.S., this in conjunction with transportation, manufacturing and wholesale and retail trading affords the City a diversified economic base. Much of the City’s development can be attributed to its unusually fine transportation facilities. In addition to water transportation provided by the Missouri River, the City is the fifth largest railroad center in the United States. Its business district is less than one-half hour from the Omaha Metropolitan Airport. Truck access is provided by two U.S. and four State Highways and the intersection of Interstate 80,29 and 480. Some of the largest employers in the City are: Council Bluffs Public Schools (employs 1,186); Great Plains Beef (beef processing, employs 1,000); City of Council Bluffs (employs 500); Mercy Hospital (employs 740); Jennie Edmundson Memorial Hospital (employs 640); Blue Star Foods, Inc. (canned chicken and frozen fruit, meat pies and dinners, employs 330); and Griffin Pipe Products (iron pipe, employs 300). These bonds are being issued under the provisions of Chapter 384, Code of Iowa, 1979 as amended, for the purpose of street resurfacing and paving, sidewalk and curb replacement, railroad crossing repairs, sanitary and storm sewer separation and park improvement. In the opinion of counsel, these bonds are legal and binding general obligations of the City of Council Bluffs, Iowa, and all taxable property located therein is subject to the levy of sufficient taxes to pay the principal of and interest on the bonds without limit as to rate or amount. FINANCIAL STATEMENT Actual and assessed valuation, taxable property, 1979 $600,670,578 Direct debt, including this issue Total direct and overlapping debt Population, 1977 estimate: 62,750 18,045,000 26,496,507 Direct debt per capita: $287.57 Total debt per capita: 422.26 Tax collections have approximated 102.5% of taxes levied for the past five years. W e ow n and o ffe r su b je c t to p rio r sale and change in price and s u b je ct to o u r a tto rn e y ’s appro ving o p in io n The information contained herein is not guaranteed, but is derived from sources we deem reliable and is that on which our purchase of these bonds was based. Offered subject to prior sale and change in price. Des M oine s B u ilding • Des M oines, Iowa 50309 • 515-288-2152 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 607 M a rq u e tte Ave. • M in ne a p o lis, M innesota 55402 • 612-332-8825 Burlington Will Again Host Group 11 Meeting, February 17-18 URLINGTON will host the annual meeting of Group 11 of the Iowa Bankers Association February 17-18 at the Holiday Inn, located at the junction of Highways 34 and 61. Presiding will be Robert H. Berg, vice president and cashier, Iowa State Bank & Trust Co., Fairfield, chairman of Group 11. The secretary is William A. Logan, chairman of The State Central Sav ings Bank, Keokuk. According to usual custom, a buffet dinner and dance on Sunday will be followed with the B R. H. BERG W. A. LOGAN B. A. ELLIOTT business meeting and luncheon on Monday, as noted in this program: ^ Sunday, February 17 P.M. 4:00 5:30 7:00 8:30 Registration—Holiday Inn. Social Hour—Holiday Inn. Buffet Dinner—Holiday Inn. Dancing to 11:30 p.m .—Holiday Inn. Monday, February 18 A.M. 10:00 Business Meeting—Holiday Inn. Presiding: Robert H. Berg, Chairman, Group 11. Report of Nominating Committee. Minutes: William A. Logan, secretary, Group 11. Guests: Leslie H. Olson, president, Iowa Bankers Association, and president, Toy National Bank, Sioux City; Thomas H. Huston, Iowa superintendent of banking; Neil Milner, executive vice president, Iowa Bankers Association. P.M. 12:30 Luncheon—Holiday Inn. Invocation. Remarks: Bump Elliott, athletic director, Uni versity of Iowa, Iowa City. □ ^ ^ * ** ^ # & * ^ # ■5 V > Welcome to Our Group Meeting BURLINGTON Monday, February 18 -W th Headquarters and Registration at 0 HOLIDAY INN Junction of Hwys. 34 & 61 Burlington banks extend a hearty invitation to all members of Group Eleven and other bankers to attend our annual Group meeting. REMEMBER TO BE WITH US AT OUR SUNDAY EVENING PRECONVENTION PARTY! Hawkeye Bank & Trust Farmers & Merchants Bk. & Tr. First National Bank https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Supplement to Northwestern Banker Newsletter 2-11-80 -w 4 EVEN MORE The New Electronic Bank Taller Machine SHARP BE 3500 Ü M We Welcome Trial Periods p.s. — I m ^ 1 Bfci You’ll be Amazed at its low cost mm EM DATA BUSINESS EQUIPMENT, INC. OFFICES: 1228 - 2nd Ave., Des Moines, Iowa 50314 (515) 288-3000 625 - 1st Ave. S.W., Cedar Rapids, Iowa 52405 (319) 366-6000 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis LINCOLN CASH REGISTER CO. 1001 Garfield, Lincoln, Neb. 68502 (402)477-2506 WE GUARANTEE COMPLETE SATISFACTION OF SYSTEMS - EQUIPMENT - INSTALLATION When it comes to deciding which equip TH E SANE CHOICE: ment can best help your tellers help your customers, T H E SHARP BE-3500 most bankers could use a litde help. The Sharp BE-3500 Electronic Teller Here, then, is a short, simple guide to the Machine offers you the most up-to-date electronic A choices presently available. technology in the industry at a fraction o f on-line cost. Instead of being big, heavy, noisy and com 1ST CHOICE: plicated like the clunker, this Sharp is compact, light, TH E REBUILT C LUN K ER quiet and simple. ^ 25 years ago, Instead o f encouraging mistakes like the when this machine was clunker, this Sharp prevents them. It’s the only stand first introduced, it was alone teller machine on the market with an audible rightfully hailed as a error beeper. So it can tell your tellers when a mistake’s boon to banking. N ot only did it being made in time for them to correct it! What’s more, dates and teller numbers are H |11 H JBL meet the needs o f the day, set electronically, not manually. A small window J 'j/ it surpassed them. allows notations to be made directly on to the journal Today, it doesn’t tape. Anything you need validated, can be validated. even come close. ¡V, It weighs over And in operations requiring a form, it can be pro grammed not to operate unless there is a form in place. 100 lbs. It’s noisy. And, Compared to on-line, this Sharp appears IS'SMR bi more importantly, you more impressive still. Its cost is one-time and minimal. can pay between $800 Your tellers can be trained to use it in half an hour. ~ ~ and $1,100 for a 25-yearw It will give you up to 5 different batch totals, old model that’s been rebuilt up to 4 times or more. cash withdrawals and deposits without affecting endMore expensive still are its frequent break of-day totals. And it does all this while it automatically downs. The fact is, each time one goes out, a teller generates a proof total o f cash in drawer as a by-prod station also goes out. W hich can cost you customers, uct of the day’s operation. as well as dollars. Better still, it’s backed by a better service Either way you look at it, it’s an extremely system than most systems. expensive choice. Lastly, and perhaps most importantly, 2N D CHOICE: is our reputation in the banking community. A TH E COM PUTER TRAP reputation based on supplying hundreds N ow we o f thousands o f calculators—both come to the teller programmable and non machine with programmable —to on /off line banks just like capability. yours for years. An intelligent So if you’re in the market choice, most for a teller machine that will be as certainly... right for today as it will for tomorrow, certainly until you look examine all the choices available. more closely. Once you have, though, we think you’ll find To begin with, you’re paving a premium as we did. That, today, there’s really only one choice. for an option you may never use. As more and more At least, only one sane one. banks are finding out, going on-line can be exactly the wrong thing to do.. Then, too, if 10 years from now DATA BUSINESS EQUIP. INC* you do decide to convert to a computer, 1228 - 2nd Avenue you’re stuck with a premium priced 10T H E SA N E DES MOINES, IOWA 50314 * year-old machine. CHOICE IS □ Send me information * And if that weren’t bad enough on the new BE-3500. ^ when you go to convert you may well find your □ Set up a demonstration. machine is not easily convertible. W hich brings you right back where you started—buying a new machine. N am e___ This, mind you, doesn’t even get into the Companycosts upon costs for equipment, programming, main Phone ___ tenance and service involved. Street___ If all this sounds totally insane to you, don’t City_____ . Statehttps://fraser.stlouisfed.org despair. There is a sane choice. Zip______ Federal Reserve Bank of St. Louis 4 ^ 4 4 ^ * . -v ^ x ^ ** * >*■ r * Minnesota News BEMIDJI: Lester (Les) Hoganson has retired as president of the First National Bank of Bemidj i, a post he had held since 1970. He joined the bank in 1936. Randy Frisk was appointed instalment loan officer. DELANO: The M innesota Com merce Commission has given charter approval to the new Crow River S tate Bank of Delano. William J. Young, currently vice president and cashier of the First State Bank in Onamia, will be the bank’s managing officer. EVELETH: David J. Decker, formerly vice president and cashier, has been promoted to senior vice president and cashier of the First Northwestern N ational Bank of Eveleth. HIBBING: A. M. (Mac) Castle, most recently president and managmg officer of First Bank Hibbing, has been elected chairman of the board. He has announced his retirement effective March 31. Robert F. Carlson, formerly vice president and second officer, was elected president and m anaging officer. ISLE: Sylvan C. (Cy) Evenson has ASK T E R R Y M A R TIN * to m a ke M N B w o rk for yo u . « Toll free -**T 1- 800- 332-5991 * * Merchants A - National Bank 151 Member F.D.I.C. A BANKS OF IOWA’ BANK https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis been elected president and a director of Lakeside State Bank here. He was most recently vice president of the Golden Valley State Bank. Mr. E venson succeeds Clifford Hammerberg, who was elevated to chairman of the board and who has announced his retirement effective December 31, 1980. ORTONVILLE: The Northwestern State Bank of Ortonville has report ed the death of Robert A. Barrett, cashier. Mr. Barrett died in December following a brief illness. Illinois News from the Comptroller of the Currency. The bank’s agent is Tenny son W. Grebenar. LOVELAND: R ussell Walk has been elected executive vice presi dent and a director of the American Bank here following the resignation of James E. Sauerbreit. Mr. Walk, most recently vice president and cashier, joined the bank in 1978. Montana News HELENA: Jam es H. Dion has retired as president and chief executive officer of the Northwest ern Union Trust Co. He will be succeeded by Robert M. Nelson, formerly with the Walker Bank & Trust Co. of Salt Lake City, Utah. LIVINGSTON: Guaranty Develop ment Company here has received consent from the Federal Reserve Board to acquire the First Security Bank of Big Timber. CHICAGO: James W. Giffin has been named vice president-head of the metro division at LaSalle National Bank. He was a group vice president in the west central loan division at the First National Bank of Chicago. CHICAGO: Colin C. Johnston, vice president, has been named head of the west central loan division, First National Bank of Chicago, covering PLENTYWOOD: Security State Iowa, Minnesota, Wisconsin and Bank here has promoted Jerry L. Nebraska, replacing Jam es W. Wiedebush from vice president to senior vice president. Robert RomGiffin. stad has joined the bank as auditor. CHICAGO: William R. Duquaine Jr. has been elected president of the Colonial Bank & Trust Co. He had North Dakota News been executive vice president and a director since 1973. BISMARCK: The state industrial CHICAGO: Seaway Bancshares, commission has approved the Bank Inc. here has received consent from of N orth D akota’s in stitu tin g a the Federal Reserve Board to prime rate based on the cost of become a bank holding company by acquired funds. The formula will acquiring Seaway National Bank of consist of amounts of CDs, Fed Funds and repurchase agreements. Chicago. In testing the formula last month, EDWARDSVILLE: An application the bank said the rate would have by the Bank of Edwardsville for one percent lower than the New federal deposit insurance upon been York prime. withdrawal from the Federal Reserve System has been approved GRAND FORKS: Promoted at the Community N ational Bank of by the FDIC. Grand Forks were Dennis D. Douville, senior vice president and Colorado News cashier; Dean Hruska, vice presi dent and auditor; Goodwin Helseth CANON CITY: E. Lavelle Craig and Don Nordsven, vice president, has been promoted from vice presi and Dave Putbrese, assistant vice dent to senior vice president at the president. Empire National Bank here. He has HAZEN: Union S tate Bank of been with the bank since 1974. Hazen has received consent from the FDIC to estab lish a detached DENVER: Clarence L. Bowlds has facility at 209 W. Central Ave. NW been promoted to senior vice here. president and cashier of the South Denver National Bank. He joined ddfoU dsx a n d czd h aoa Latei the bank in 1974. Bank Consultants Specializing in Bank Acquisitions FORT COLLINS: Organizers of the proposed Foothills National Bank here have received charter approval P.O. Box 450 D o nald 515-232-0814 405 Main Ames, Iowa 50010 E. H o lder, Principal 3 4 AG CREDIT CAREERS PARTIAL LIST OF AVAILABLE POSITIONS AG LOAN OFFICER..NE Montana . . . 19-$22,000 AG LOAN OFFICER...N. Iowa .......... $15-$17,000 LENDING— Rural la. bank. Handle installment loans & collections. Also do some ag lending. Must be able to work on own. $15,000. AG LENDING OFFICER..NW Illinois $17-$20,000 VP— Be responsible for entire loan portfolio of small ag bank. Must know lending regs. Lending is the key to this spot. Other bank experience a plus. $16,000. AG LOAN OFFICER...SE Minnesota $15-$20,000 AG CREDIT VP... E. Io w a ....................$17-$23,000 CREDIT SUPERVISOR... Iowa .......... $15-$20,000 For details, give Linda our banking specialist a call. Since 1968, employers have been paying us to find the people they need. BCjriCAREERS, IN C . m J AGRICULTURAL (515)394-3145 PERSONNEL RECRUITERS New Hampton, IA 50659 Wyoming News GREEN RIVER: Green River Company has received consent from the Federal Reserve Board to become a bank holding company by acquiring majority stock in the First National Bank here. SHERIDAN: M. K. Thirlwell has joined First W yom ing Bank, N.A.-Sheridan as vice president in charge of commercial loans. Evelyn E. Clark was promoted from assistan t vice president to vice president in charge of real estate. OPERATIONS—SD bank needs operations officer. Supervise bookkeepers and tellers. W ill handle all re ports. $17,000 Second Officer for $12 million independent Montana bank. Must understand credit and be able to work effectively with farmers, ranchers and businessmen. Send resume to Charles Ferris at First Security Bank, Malta, Mont. 59538. Phone (406)654-2221.______ (PA) OPERATIONS TRAINEE— Beginning position; some accounting and electronic banking background help ful. Please Indicate current salary requirements. Sal ary commensurate with education and experience. Write File JBJ % NWB______________________ (PA) Bank holding company in northwestern Iowa seeks In dividual to manage leasing company. Duties include customer development, credit analysis, and some accounting. Send resume to Doug Heppner at Citizens First National Bank, Storm Lake, la. 50588._____ (PA) FOR SALE OR LEASE Burroughs L2’s, L3’s, L4’s, L5’s, L8’s and L9 computers. Call (512) 837-6783_________________ (WTB) Investor wants to purchase $20 m illion (approx.) de posit bank in live community. Long term investment. Need good management. No brokers. Write file FBX, cl o Northwestern Banker._________________ (WTB) POSITION AVAILABLE Position available for Operations Officer with at least two years experience; an auditing background desir able. Send resume and salary requirements to First National BankofW hiteSulphurSprings, P.O. Box 709 W hiteSulphurSprings, M ontana59645.________(PA) Position for individual who has minimal bank training and who is interested in a banking career. Opportunity is available to learn all facets of banking while advan cing to operations officer. $10 1/2 million bank in cen tral Iowa near metropolitan center. Write File JBG, % NWB, ___________________________ (PA) Lending officer, $20 m illion, NW Iowa bank, 2-4 years experience, Ag background; operations experience preferred. Salary commensurate with experience. Write File JBF, % NWB._____________________ (PA) SECOND OFFICER - Newly chartered Community National Bank of Muscatine, Iowa. Minimum of 4 to 6 years instalment and/or operations experience de sired. Salary open. Contact Charles S. Bullock at (319)263-1122._____________________________(PA) Experienced bank teller manager position open with $150 m illion eastern Iowa bank. W ill supervise staff of 25 w ithin three locations. Good position for careerminded person. Send resume and salary requirements toR . Mehmert, Box3911, Davenport, Iowa52808. (PA) BANKERS PARTICIPATING I LeasePlan.Inc. 545 - 31st Street Des Moines, Iowa 50312 R. L. “DICK” SELLON • P.D. “DUANE” DEVAULT ,*• I* ■* EVP—#2 position in Minnesota bank. Lending is com mercial, with some ag. Must have experience in all areas. Equity potential for right person. $28,000. TRUST OFFICER— Iowa bank is establishing new dept. Must be experienced in trust area and be able to set up a dept. $26,000. AG LENDER— Real opportunity for person with 2-plus years experience. W ill do all ag lending for east Iowa bank. Bank wants person that can make decisions and operate on own initiative. $22,000 ALL FEES PAID BY MANAGEMENT FOR FURTHER INFORMATION RESPOND IN CONFIDENCE TO: P V VJjj Modular bank bldg.: 12’x40’ steel with brick, 14’x70’ and24’x40’ wood; 2,000 sq. ft. permanent bldgs. SON CORPORATION, Box 684, Wichita, Kansas 67201. (316)942-8167.________________________________ W ANT A D S Rates 50 cents per word per insertion. Ad $2 for file numbers. Identity of file number advertisers cannot be revealed. Payment in advance, please. NORTHWESTERN BANKER 306-15th St., Des Moines, Iowa 50309 OPERATIONS—Asst, to operations officer In large Iowa bank. Must have operations experience, be ag gressive and prospect oriented. W ill supervise 15. $23,000. w h V>- Are you looking for some quality help? Well, stop looking! Red Wing AVTI has a class graduating from its Rural Banking and Ag Finance Program just wait ing fora challenge. Students have had extensive study in all loan and insurance functions as well as manage ment/ supervision. Graduates w ill be ready for on-thejob training approximately April 1, 1980. For inter views contact Terri Beckman, Instructor, Red Wing AVTI, Red W ing, M inn. 55066. Or phone (612) 388-8271._________________________ ._______ (PW) Young loan officer with 4 years ag lending experience is looking for a position as second man loan officer to handle ag loans as well as other loans and operational duties. Write File JBI, % NWB._______________ (PW) 4% fir POSITIONS AVAILABLE AG LOAN—30MM Eastern Missouri bank de sires addition to staff. 3-5 years experi ence preferred ............................................. 25K OPERATIONS OFFICER—growing Iowa sub urban bank. 8-10 years experience nec essary. W ill definitely be part of man agement team ............................................. 28K CASHIER— rocky mountain rural bank. Lend ing background helpful ..............................18K SR. LOAN OFFICER—suburban Minnesota bank with advancement opportunity to E.V.P. in short time ........................... . . . 30K C.E.O.— bank has excellent growth potential for rural area. Lending and administra tive skills necessary ................................... 35K AGRI LOAN—20MM Iowa bank. Might train if have some bank experience and farm background ................................................. 15K Bell & Howell Director#1 Micro-Filmer with imprinterendorser. 44-X camera for film ing dual sides. Under maintenance contract. Clutier State Bank, Clutier, la. 52217. Phone(319)479-2522._________________ (FS) Four Burroughs T—100 encoders $495 each. Call (512)836-5864_______' ____________________ (FS) NCRWide Carriage Adders $495 each; excellent con dition. Call (512) 836-5865 (FS) Twelve used Burroughs Teller Machines. $70.00 each. Contact Sharon Barkley at North Platte State Bank, North Platte, Nebr. Phone (308) 532-3800. (FS) Brandt Coin Counter—Sorter. Panora State Bank, (515)755-2141 (FS) BANK FOR SALE: 85% of a Nebraska bank holding company. Deposits $13 m illion. Good community. Growth potential. Reply to File JBH, %NWB. (FS) 1977 Cadillac Seville, silver. A ll options except sun roof; new Michelins. Under 26,000 miles. Call (402) 488-2123._________________________________ (FS) SECOND OFFICER—small northern Kansas bank. Knowledge of lending procedures and farm background necessary. Bonus available ............................ A- Ss» 16K AUDITOR—small holding company. No overnite travel involved. Acctg. degree and EPP Audit experience preferred .............. 20K PERSONAL BANKING OFFICER—50MM bank in college community. Duties include supervision of tellers ................................. 16K JUNIOR OFFICERS— |f you have 1-2 years ex perience there are several excellent opp ortunities in Midwestern banks. Some entry level positions also available ................ All inquiries handled in a confidential manner. Res ume and salary history requested. M t- TOM HAGAN & ASSOCIATES 4. P.O. Box 12346 / 2024 Swift North Kansas City, M issouri 64116 (816)474-6874 *- Vol. 8 No. 42 Northwestern Banker Newsletter [USPS 873-300] Is published weekly by the Northwestern Banker Company, 306 Fifteenth Street, Des Moines, Iowa 50309. Subscriptions 25 cents per copy, $8.00 per year. Second class postage paid at Des Moines, https://fraser.stlouisfed.org Iowa. Address all mail subscriptions, changes of address [Form 3579], manuscripts, mail items to above address. Federal Reserve Bank of St. Louis Hi
@FedFRASER