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Vol. 8 No. 43 __________________ Des Moines, Iowa Iowa Asks NACHA to Delay Rules EADERS of the Iowa Bankers Association and its subsidiary, Iowa Transfer System , have re quested the National Association of Automated Clearing House Associ ations to delay ratification of pro posed am endm ents to NACHA rules that were distributed at the November 2 meeting. Neil Milner, executive vice presi dent of the IB A, and Dale Dooley, executive manager of ITS, said last week they plan to call all members of the NACHA board of directors prior to the February 28 meeting that will consider adoption of those amend ments that would allow financial institutions to issue to customers cards that can be used through the ACH’s Customer Initiated Entries (CIE) interface, even though the card issuer has no depository ac count relationship with the custmer. The IBA took action after dis cussing the situation recently with the Washington Bankers Associ ation when it appeared that one or two financial institutions in Seattle were already engaging in this pract ice. The Federal Reserve Board of Governors on January 31 issued for release the final rules it adopted to complete its regulation to imple m ent the Electronic Funds A ct. These final rules were adopted as part of the Board’s Regulation E and are revisions of proposals pub lished by the Board in October. As adopted, Section 205.14—Services Offered by Financial Institutions NotfHolding Consumer’s Account— deals with whose responsibility it is to comply with Reg E. The Fed rule gives tacit approval for this practice (above) by stipulating that Bank A, which issues the card to any con sumer, has the major responsibility for such compliance, but “does not completely elim inate compliance duties for Bank B ,” which is the bank at which the customer has the account. Bank A issues cards to any consumer it chooses and encourages them to use its terminals, or some terminal, to debit that person’s ac count in Bank B, without having any agreement between the custom er and Bank B authorizing such a service. The Fed prescribes some lengthy terminology for responsi bility of covering overdrafts, etc. Bank A would gain its income from fees charged Bank B for terminal usage. Mr. Dooley said “the Fed action opens the door for development of networks and service that only the largest in stitu tio n s can provide, with no assurance that other finan cial institutions around the country can participate, or afford to, once it’s in place.” Mr. Milner said the “hold” action that IBA and ITS are February 18,1980 soliciting NACHA board members to take is aimed at facing this situ ation with some workable NACHA rules before this takes place “so we don’t try to lock the bam door before it’s too late.” Mr. Dooley added, “Everything being done in the field of EFT is aimed at broad deployment of term inals and maximum flexibility in control of access device plastic cards on the part of major banks.” Support for the viewpoint of the W ashington and Iowa approach appears to be developing in other state ACH systems. Twin City Fed eral Savings & Loan, for example, indicated recently it will appeal to UMACHA in M inneapolis to express its concern on the matter. The Iowa initiated action is aimed at delaying adoption of the CIE pro posed NACHA regulations u n til further research is completed “be cause it could easily wind up with the largest institutions controlling the paym ent mechanism of th is nation,” Mr. Dooley and Mr. Milner stated. They noted that so far, no charge has been suggested by any major bank for such a service, “but once i t ’s established, those few large banks which control the payment mechanism can set the fees, which would be a poor time for the rest of the banks to bargain with them.” NACHA . . . (Turn to page 5, please) For availability of funds, knowledgeable people and professional service, call our correspondent bank department. TOLL FREE 1-800-362-1615 Central National Bank & Trust Company LOCUST AT 6TH/DES MOINES, IA 50309 MEMBER FDIC i f AFFILIATED WITH CENTRAL NATIONAL BANCSHARES, INC. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis We’re Committed. For ag overlines, data processing, investment ser vices and all your correspondent banking needs, think of your Security Banker. We’re committed to helping you! Wilma Weeks Correspondent Banking Operations Officer 712/277-6517 SECURITY N A T IO N A L B A N K SIOUX CITY, IOWA 51101 Iowa News The 1980 Marketing Conference of the Iowa Bankers Association, “Pumping Muscle Into Bank Mar keting,” will be held February 20-21 at the Des Moines Hilton. The session will run from Wed nesday morning, with registration at 8 a.m., to a 3:30 p.m. adjourn ment on Thursday. Featured topics will include leadership, research, NOWs, advertising, m arketing planning, case study & film, direct mail, full service advertising, cross selling and a panel discussion. The following Iowa banks have increased their common capital: By sale of new stock—American State Bank, Sioux Center, from $600,000 to $670,000; By stock dividend— Citizens Savings Bank, Avoca, $200,000 to $300,000; Elgin State Bank, $130,000 to $260,000; Libertyville Savings Bank, $50,000 to $150,000; Manly State Bank, $302,500 to $350,000; Mineóla State Bank, $50,000 to $100,000; Peoples S tate Bank, M issouri Valley, $157,000 to $315,000; Wilton Sav ings Bank, $400,000 to $800,000, give your community a lot of help for its money. D orothea Wolfe n e s j v v NATIONAL o i n BANK es Æ m Member FDIC An A ffilia te o f N o rth w e s t B a n c o rp o ra tio ri https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis MEMBER F. D.I.C. © 1979 SNB „ Don Carm ody: BANKERS’ BANKER Come Crow With us and Farm ers S tate Bank, Yale, $120,000 to $240,000. ALBIA: Peoples N ational Bank here has filed for permission from the regional administrator of na tional banks to exercise fiduciary powers. DALLAS CENTER: Promoted re cently at the Brenton State Bank were Robert L. German, vice presi dent; Douglas L. Pogge, assistant vice president; Roger L. Niemeyer, assistant cashier and manager of the W oodward office, and Michele Blair, assistant cashier. DAVENPORT: At their meeting last week following the annual stockholders meeting, directors of Davenport Bank & Trust Co. cre ated the office of chairm an and elected V. O. Figge to that position. They also named his oldest son, John K. Figge, to succeed him as president, a position held by V. O. for many years. In addition, Mr. Figge invited the board to create an executive committee to join with the chairman and president in overall management of the bank. Named to that committee were Edward L. Carmody, senior vice president and trust officer, and Mr. Figge’s other two sons, Jam es K. Figge and Thomas K. Figge, both of whom are executive vice presidents of the bank. Jim Figge was named chair man of this executive committee. DES MOINES: John R. Fitzgibbon, 57, announced February 12 he is resigning from his positions as chairman and chief executive officer at Iowa-Des Moines National Bank. He will be succeeded as chief execu tive officer by Robert E. Lee, who has been president of the bank since last A pril. Mr. Fitzgibbon told directors that after a long career with Northwest Bancorporation, most of it with Iowa-Des Moines National where the bank doubled in size during his presidency, he wants Bankers Thist D es M oines, Iowa 5 0 3 0 4 to take early retirement and pursue some personal business and civic in terests. Mr. Lee served w ith Banco from 1959 until 1973, when he joined Old National Bank of Wash ington in Spokane. He was presi dent and chief executive officer there from Jan u ary , 1975, until joining the Iowa-Des Moines Na tional as president last year. DUBUQUE: Robert G. Holscher has been elected executive vice pres ident of the American Trust & Sav ings Bank. He had served as senior vice president of the investments and retail banking division. JESUP: Farmers State Bank will host an evening open house at their new facility on February 20. MUSCATINE: Two officers have been elected at the Central State "Opportunity Colls../' Leo Kane, Correspondent Danker American Trust & Savings Dank The Dank of Opportunity Town Clock Plaza. Dubuque, low o CALL 319-562-1841, COLLECT Carleton D. Beh Co. 4i Investment Bankers/Financial Consultants A «4 A * ‘ Y NEW ISSUE MOODY’S: A-1 $1,500,000 NORTH SCOTT COM M UNITY SCHOOL DISTRICT, IOWA General Obligation School Building Bonds ^ Dated: January 1,1980 Denomination: $5,000 * Both principal and semiannual interest (May 1 and November 1, first coupon due November 1,1980) payable at the Office of the District Treasurer, Eldridge, Iowa. 4 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 $ 70,000 80,000 90,000 100,000 210,000 7.00% May 1, 1981 May 1, 1982 May 1, 1983 May 1, 1984 6.75% May 1, 1985 6.35 6.35 6.35 6.35 $230,000 6.35 235,000 235,000 250,000 6.75% May 1, 1986 6.40% May1, 1987 May 1, 1988 6.50% May 1, 1989 6.40 6.40 6.45 6.50 w LEGALITY TO BE APPROVED BY CHAPMAN AND CUTLER, ATTORNEYS, CHICAGO, ILLINOIS * North Scott Community School District is located in Scott County on the Mississippi River in eastern Iowa. The District includes within its boundaries the cities of Eldridge, Dixon, Donahue, Long Grove, Maysville, McCausland and Princeton, as well as a portion of Davenport. Two major industries are located within the District. They are Caterpiller Tractor Company (assessed value: $69,348,932; employs 2,000) and John Deere Co. (assessed value: $26,328,657; employs 1,300). Both of these facilities are presently being expanded. There are four banks or branches within the District with total assets in excess of $61,000,000. 4 V These bonds were authorized at a special election held October 9,1979. They are being issued under the provisions of Chapter 296, Code of Iowa, 1979, to provide funds for building and equipping an auditorium and special education classroom. In the opinion of counsel, these. bonds are legal and binding general obligations of North Scott Community School District, 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. ’l l 4 ^ FINANCIAL STATEMENT Actual value of taxable property, 1979 Assessed value of taxable property, 1979 * Direct debt, including this issue Total direct, overlapping and underlying debt ^ Population, 1979 estimate: 18,000 4 Area: 134,400 acres m * 41 4 $306,377,031 283,031,735 5,505,000 8,426,346 Direct debt per capita: $305.83 Total debt per capita: 468.13 Direct debt per acre: 40.96 Total debt per acre: 62.70 Tax collections have approximated 100% of taxes levied. We own and offer subject to prior sale and change in price and subject to our attorney’s approving opinion: 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 Moines Building • Des Moines, Iowa 50309 • 515-288-2152 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 607 Marquette Ave. • Minneapolis, Minnesota 55402 • 612-332-8825 4 Bank, Julia A. Kaalberg, manager of the downtown drive-in, and Myrtle L. Yanecek, trust adminis trative assistant. PELLA: K enneth H. Bean, 79, chairm an of the M arion County State Bank, died February 8 in a Pella hospital after an extended illness. He is survived by his wife, Dorothea, at 810 Union St. in Pella. SERGEANT BLUFF: James W. Miller, chairman of the First Na tional Bank, Walthill, Neb., has been elected chairman of the Pioneer Valley Savings Bank here. A group headed by Mr. Miller has acquired Pioneer Development Co., the hold ing company which owns control ling interest in the bank and the Pioneer Insurance Agency. The ownership group includes Roger W . Sailors, president, and Theodore Saltzman Jr. and Chester W. Petit, directors, of the Walthill bank; and Harlan W. Smith, president, Pio neer Valley Savings Bank. North Dakota News FARGO: Promoted recently at the First National Bank & Trust Co. of Fargo were Ronald Braseth, assist ant vice president; Elbe Sexton, vice president and branch manager; Tom Hanson, assistant vice presi dent and commercial loan officer; Darlene Jensen, assistant personnel officer, and Marg Klug, assistant vice president and customer service officer. Robert Mitchell has joined the bank as controller. Colorado News BURLINGTON: F irst N ational Bank at Burlington has received consent from the administrator of national banks to establish a facility at 501 14th St. here. Florida’s First Golf & Tennis Resort in its 26th year Golf School, in its 6th year Your Own Pro For Each Foursome a~joQ Sun. Feb. 10—Sun. May 4 " 7 days-7 nites, p.p., dbl. occ. Special rates for non-golfers. Beginners: 1 pro for each threesome—Add $75 Resort Vacations, now thru May 4 « jir i i « t c n p.p., per day, dbl.occ., includes $40. to $60. breakfast & dinner (MAP). FREE Golf & Tennis. Special Packages. Holiday Hills Tennis, now thru May 4 . c i o r 20 Hour Instruction Program only * 1 ^ 0 (that ’s $6.25 per hr.). Harder Hall Sebring, Fla. 33870 in Fla. 813-385-0151 • TOLL FREE 800-237-2491 Harder H all Tennis/G olf Cam p fo r Teens 14th Season • Co Ed 1 1 -1 7 : June 26-A u g . 14 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis DENVER: Candice W. Rogers and James A. Gustad have been ap pointed to the position of vice presi dent at United Bank of Denver. Ms. Rogers is director of marketing and Mr. Gustad is manager of the enter prise market. Minnesota News ANOKA: William Bunker, execu tive vice president of the First Na tional Bank here, has been named president. He succeeds Lawrence P. Keillor who has retired after 36 years of service to the bank. Nebraska News FREMONT: Charlene Bittner has been appointed tru s t operations officer at the First National Bank & Trust Co. She joined the bank in 1977. GERING: Promoted recently at the Gering National Bank & Trust Co. were Henry Rahmig, executive vice president, Jim Kozal, vice presi dent-operations, and Barbara Muir, marketing officer. HYANNIS: Robert E. Knepper has been promoted from executive vice president and cashier of the Bank of H yannis to president. Robert Yorges was promoted from assist ant vice president to cashier. OMAHA: Dale L. Dietz has joined the American National Bank as vice president and trust officer. Former ly with Central National Bank & Trust Co., Des Moines, Iowa, he will initiate the development of an active trust department for Ameri can. Susan Bramlett was promoted to data processing manager. WALTHILL: An open house was recently hosted by the First Na tional Bank and the FNB Insurance Agency here. Several hundred people viewed the newly-remodeled and expanded facilities of the bank and insurance agency. HAMPTON: Hampton Bancshares, Inc. has received consent from the Federal Reserve Bank of Minne apolis to become a bank holding company by acquiring the State Bank of Hampton. South Dakota News The South Dakota Bankers Asso ciation will present a Real Estate Lending Compliance Workshop on Wednesday, February 27, at the Holiday Inn in Pierre. The workshop will provide a tran sactio n al approach to real estate compliance lending and in cludes discussion of Regulations B, Z, C, 27 and H. Russ Halvorson, vice president, National Bank of South Dakota in Rapid City, is chairman of the SDBA mortgage loan committee. McGREGOR: M cGregor Baneshares, Inc. has received consent from the Federal Reserve Bank of Minneapolis to become a bank hold ing company by acquiring the State Bank of McGregor. ROSEVILLE: Lawrence Haubrich, most recently executive vice presi dent, has been elected president of Mid America N ational Bank of Roseville. He succeeds Keith Rich ards who has been named chairman of Mid America Bancorporation, the bank’s parent company. ST. PAUL: Walter V. Dorle, 72, former president of the Northwest ern S tate Bank, died late la st month. He had retired from the bank in 1972 to join a Twin Cities law firm. ST. PAUL: Promoted at the St. Anthony Park Bank were George D. Howes, senior vice president; Bradley K. Rinsem, vice president, and Dale K. Tennison, vice president and cashier. TAUNTON: The S tate Bank of Taunton has increased its common capital from $50,000 to $150,000 by stock dividend. The bank is cele brating its 75th anniversary this year. Illinois News “Marketing : A Whole New Ball Game” is the theme of the 28th annual Illinois Bankers Association M arketing and Public Relations Conference to be held February 27r -------------------— “ i i ■ □ I would like to sell my majority bank stock. □ I would like to buy ma jority bank stock. SERVING PROFESSIONALLY Banking,Financial & Business Personnel Iowa and Nationwide I Please Contact: J. Mason Henry Charles E. Walters CO., Inc. CAPITAL PERSONNEL SERVICE 714 Central National Bldg. 515-283-2545 Des Moines, Iowa 50309 ¡ I I P.O. Box 1313, Omaha, Nebraska68101 Phone: (402)553-6400 I I L _________________________________ > Supplement to Northwestern Banker Newsletter 2-18-80 — NEW GENERATION — CANON SV-20 FINANCIAL SYSTEM ** * — EASY TO OPERATE — ONLY $1495.00 m “ The Canon SV-20 Financial System is the successor to our very successful SV-10 Loan System. The SV-20 system’s powerful features enabled me to develop an extremely complete, easy-to-operate loan dlsclosure and audit system that can be utilized in any bank in Iowa to great advantage . . Here is a list of the valuable features contained in the Canon SV-20 Financial System: ^ >* • Ease of operation was the number-1 priority in the deveiopment and design of the SV-20 Financial System. v *ê • The ability to audit existing loans, including balloon loans, and disclose the true APR. VfÊK • Computes rebate on interest and insurance premiums—actuarial on interest, rule of 78’s on premiums. • Installment loans (with insurance): • weekly • quarterly • semi-monthly • semi-annual • monthly • annual • A 200 year built-in actual calendar—retains today’s date all day, even if the unit is turned off or unplugged. • Commercial single-payment notes (with insurance) • Long-term Real Estate loan, ballooned at any payment point, with points and true APR. 0 0 * 0 • Complete tape audit trail of any disclosure —easy-to-read. • Computes even-dollar payment loans with an adjusted final payment. • Balloon Payment Loans (with insurance): • Compute payment given balloon • Compute balloon given payment H- • Computes the date of the last payment, or any payment. • Complete amortization of any loan dis closed, with a single touch of the “AMORT” key. • All Iowa insurance rates built-in. • Computes dealer reserve quickly and accur ately. • Given the desired payment, APR, and term: computes the cash advance (principal). • Variable-Payment amortization. • You may change any part of the loan w ith out starting over and reprint the entire dis closure in seconds. • Direct access to the outstanding balance at any payment p o in t, and to ta l interest accrued to date. • All loans are disclosed with the true com puted APR: automatically adjusts for loan fees, service charges, etc. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis [OVER] You will be pleased at the proficiency, flexibility, and accuracy the Canon SV-20 Financial System will provide your bank’s installment loan department, commer cial loan department, mortgage loan department, and internal audit department. Here is a truly comprehensive, integrated loan audit and disclosure system designed specifically for Iowa Bankers by an Iowan. For a personal demonstration and names of Iowa Bankers now using this system contact: Tom Weaver, President Don Leonard, Financial Systems Representative Midwest Calculator, Inc. 1012 Grand Avenue Des Moines, Iowa 50309 515/283-2513 * https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Tom Weaver—designer and programmer of the Canon SV-20 Financial System. 5 C A L L O N T H E “P E R F O R M A N C E T E A M ” A FIRST NATIONAL LINCOLN A 4 + 4 A; 13th & M Street » Lincoln, Nebraska 68501 • Member, F.D.I.C. 28 at the H yatt Regency O’Hare, Chicago. Featured topics will include cross selling, direct mail, NOW accounts, EFT as a marketing tool, identifica tion, anatomy of an ad and tele phone marketing. -r T 4 4*4 -4 A v 4 V A K * *•4 <r- 4 *- ¡ ■ ■ n il where com m on transactions are handled uncom m only well. CHICAGO: Jack S. Cleveland has been promoted to senior vice presi dent at the Sears Bank and Trust Company. Dennis J . Reidy was named second vice president. ELMHURST: Roger P. Carqueville and David R. Rautio have been pro moted to the position of vice presi dent a t the E lm hurst N ational Bank. Michael W. Stolz was named assistant vice president. PEORIA: The Board of Governors of the Federal Reserve System has issued a prior certification relating to the divestiture by Heights Fi nance Corp. of Heights Ban Corpor ation here. URSA: A permit to organize has been issued to the North Adams State Bank of Ursa. The bank’s to ta l capitalization of $750,000 would consist of $270,000 capital stock, $270,000 surplus and $210,000 reserve for operating ex penses. Banks Support, Treasury Opposes Savers’ Tax Break Treasury representatives argued unsuccessfully before House Ways and Means Committee members re cently against a proposed tax break for small savers. Congressional members, as well as representatives of banks, s&ls, credit unions, in v estm ent companies and private pension plans favored the proposal. It would be tagged onto the “wind fall” profits tax bill and offer a $201 deduction per person or $400 per couple filing jointly for combined Insurance for Financial Institutions Automated Systems of Iowa, Inc. 301 N. Ankeny Blvd., Suite 220 Ankeny, la 50021 Digitized > for FRASER 515-964-1358 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis interest and dividends. Treasury said 95% of all interest and dividends is earned by big savers who would get the full tax break amounting to three-quarters of the anticipated $2 billion a year revenue loss, and yet would offer no encouragem ent to them to save more. Bank Telephone Network Is Studied by ABA The American Bankers Associ ation and American Telephone & Telegraph Co. have completed the initial phase of their year-and-a-half study into a possible private bankto-bank telephone netw ork. The study, released at the Telecommun ications 80 Workshop sponsored by the ABA Operations & Automation Division, reveals a potential $22 million per year savings for banks if 1,200 to 2,300 of them participate in a prototype network arrangement. The study now will be reviewed and evaluated by Network Analysis Corp., Great Neck, N.Y., an inde pendent consultant selected by ABA. If it is deemed feasible, the bank telephone network proposal will be placed before the banking industry for approval. NACHA . . . (Continued from page 1) Another hypothetical situation voiced by concerned bankers looks at the possibility of a company like American Express, which recently bought First Data Documents of Omaha, the largest processor in the world, issuing cards to persons all over the nation and allowing those persons to deposit, debit, transfer or have access to their bank accounts with no agreement with the account holding bank for authorization to penetrate those accounts. All that would be needed would be one bank or financial in stitu tio n for the company to tie into, they say, in order to access the ACH system. Additionally, if the Fed opens its pricing system to anyone who will pay the fee, other firms like Merrill Lynch, already exhibiting an inter est in breaking into the bank field, could be a Fed service user, then conceivably wouldn’t have to go through a bank to be a ACH user for the same wide card d istrib u tio n service. One banker said, “I ’m not so sure the Fed isn’t writing policy to pacify or satisfy the largest banks.” In the meantime, NACHA board members are being asked to take positive action to delay CIE regula tions so they may take other action that will more directly face what is considered a major threat to most banks by the major financial insti tutions. □ NOTICE: Iowa and N ebraska b an k s— 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. m B m & êI WBSSmÊmÊSÊÊÊÊÊÊÊÊÊk ASK JOHN MANGOLD to m ake M N B w ork for you. Toll free 1-800-332-5991 Merchants ^ National Bank 151 Member F.D.I.C. A BANKS OF IOWA' BANK 6 Bankers Service LOAN ACTIVITY BULLETIN Who: names of all debtors in the county recorded during the period What: name of secured party When: the date the loan was filed with the Secretary of State Where: location where loan made m f a s t s e r v ic e l-2463 Ä I C RECORDS S e a r c h , i« « - WANT ADS 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, Iowa50309 POSITION WANTED Students in the Rural Banking & Ag Finance Program have completed 1800 hours of classroom work in banking, agriculture and insurance. They are now seeking employment or internship positions with banks in the areas of management or management trainee. Students are available fo r interviews. Please contact Terri Beckman, Instructor, Red Wing AVTI, Red Wing, MN 55066. O rcall (612)388-8271. (PW) Young loan officer, with four years ag lending experi ence, is looking for a position as second man loan officer to handle ag loans, as well as other loans and operational duties. W rite file JBI, c /o Northwestern Banker._________ . a,______________________ (PW) POSITION AVAILABLE Consumer Loan Officer fo r $30 m illio n bank. Applicant should be fam iliar with consumer loan legislation. Good opportunity for quick advancement. Write file JBL, c /o Northwestern Banker._______ (PA) $20 m illion Nebraska bank has opening for some one with 2-3 years experience in bank operations, instal ment and student loans. Excellent opportunity to gain experience in all areas of banking. Send resume to Robert McEvoy at Bank of Burwell, Burwell, Neb. 68823.___________________________ (PA) Managing Officer for $7 million rural bank in eastern Nebraska. Operations, agricultural lending and in surance experience necessary. Reply to file JBK, c /o Northwestern Banker._______________________( p a ) Operations Trainee— Beginning position, some ac counting and electronic banking background helpful. Please indicate current salary requirements; salary commensurate with education and experience. Write file JBJ, c /o Northwestern Banker.____________ (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, B ox3911, Davenport, la. 52808. (PA) Second Officer— Newly-chartered Community Na tional Bank of Muscatine, la. Minimum of four to six years instalment an d/or operations experience de sired. Salary open. Contact Charles S. Bullock at (319) 263-1122._________________________________ ( p a ) Lending Officer in $20 m illion northwest Iowa bank. Ag background with 2-4 years operations experience preferred. Salary commensurate with experience. Write fileJB F, c /o Northwestern Banker._______ (PA) Bank holding company in northwestern Iowa seeks in dividual to manage leasing company. Duties include customer development, credit analysis, and some ac counting. Send resume to Doug Heppner at Citizens First National Bank, Storm Lake, la. 50588. (PA) AG CREDIT CAREERS AG LOAN OFFICER...N. Iowa ........$15-$17,000 AG LENDING OFFICER..NWIIIinois $17-$20,000 AG LOAN OFFICER...SE Minnesota $15-$20,000 Sale of Rare Coins Reliable and respected service for over 20 years sari CAREERS, INC Used by bankers throughout the midwest (515)394-3145 m J Ben E. Marlenee Coins 913 Locust Des Moines, Iowa 50309 515-243-8064 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. OPERATIONS—SD bank needs operations officer. Supervise bookkeepers and tellers. W ill handle all re ports. $17,000 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. 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 RESPON D IN CON FI DENCE TO: Bank Division ROBERT HALF ot Iowa, inc. 317 6th Ave. Des Moines, IA 50309 (515) 244-4414 Want to buy coin counting machine in working order. Call (319)582-0091 collect between 9:30 a.m. and 5:00 p.m. _________________________________ (WTB) BANKERS PARTICIPATING Twelve used Burroughs teller machines. For more in formation please contact Sharon Barkley at North Platte State Bank, North Platte, NE 69101. Phone (308)532-3800._____________________________ (FS) Burroughs L5000 computer with auto-reader; $3650. Also, Burroughs L9000 with magnetic ledger and one cassette; $8500. Call (512)836-5864.___________ (FS) BANK FOR SALE: 85% of a Nebraska bank holding company; deposits $13 m illion. Good community; growth potential. Reply to file JBH, c /o Northwestern B a n k e r . ______________________________ (FS) Bell & Howell Director#1 Micro-Filmer with imprinterendorser; 44-X camera fo r film ing dual sides. Under maintenance contract. Clutier State Bank, Clutier, la. 52217. Phone(319)479-2522._________________ (FS) Two Burroughs L-6000 accounting computers in good condition; $2,950 each. Contact Steve at Clarkson Bank, Clarkson, Neb.; (402)892-3411.__________ (FS) 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. Purchase of Collections LENDING— Rural la. bank. Handle installment loans & collections. Also do some ag lending. Must be able to work on own. $15,000. FOR SALE AG LOAN OFFICER..NE Montana . . . 19-$22,000 Estate Appraisals PARTIAL LIST OF AVAILABLE POSITIONS AGRICULTURAL PERSONNEL RECRUITERS New Hampton, IA 50659 SPE C IA L SERVICES C o n fid e n tia l and p rofession al services fo r sales, acquisitions, and financing of banks and bank holding companies. We are experienced in all aspects of bank ownership including mergers, acquisitions, bank holding companies and negotiations with the regu latory agencies. Larry L. Ticknor & Associates, 301 S. Garfield, Suite 4, Sioux Falls, S.D. 57104. Phone area code (605)338-1241. I LeasePlan.Inc. 545 - 31st Street Des Moines. Iow a 50312 R. L. “ DICK” SELLON • P.D. “ DUANE” DEVAULT 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 ......................................... CASHIER— rocky mountain rural bank. Lend ing background helpful ......................... SR. LOAN OFFICER—suburban Minnesota bank with advancement opportunity to E.V.P. insho rttim e ............................... C.E.O.— bank has excellent growth potential for rural area. Lending and administra tive skills necessary ................................ AGRI LOAN—20MM Iowa bank. Might train if have some bank experience and farm background ............................................. 15K SECOND OFFICER—small northern Kansas bank. Knowledge of lending procedures and farm background necessary. Bonus available ................................. ................. 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— if you have 1-2 years ex perience there are several excellent opportunities in Midwestern banks. Some entry level positions also available ........ All inquiries handled in a confidential manner. Resume and salary history requested. TOM H A G A N & ASSOCIATES P.O. Box 12346 / 2024 Swift North Kansas City, Missouri 64116 (816)474-6874 Vol. 8 No. 43 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, 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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