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Vol. 13 No. 44 Des Moines, Iowa Iowa News BOONE: Douglas E. Rieken has been elected vice president at Boone State Bank & Trust Company. Prior to joining the bank in 1983 as an assistant vice president, Mr. Rieken was with Griswold State Bank. February 18,1985 Mr. Burdick was employed in insur ance sales and also as senior vice president of the Delhi Savings Bank in Delhi. GRINNELL: Wilbur McLane Molison, 52, cashier of the Grinnell State Bank, died February 10. Mr. Molison joined the bank January 1,1963, and prior to that had been in exten sion service with Iowa State Univer sity. He had served the past 22 years as Grinnell State’s principal ag credit officer. He was a graduate of Iowa State University and was a graduate of the Iowa Bankers Asso ciation A g Credit School at ISU and the Graduate School of Banking at the University of Wisconsin. BURLINGTON: Farmers and Mer chants Bank and Trust has set aside $5 million for farm operating loans this spring at a rate of 10% - 3 1/2% less than the current price at most ag banks. William Kuehn, vice presi dent and farm rep at F&M Bank said officers at the bank became “ tired of all the meetings and all the talk” about the sagging farm econo my and decided on “ putting our money where our mouth is.” The move will cut deeply into F&M’s po IN D IA N O LA: A t the January tential profit, Mr. Kuehn said, but board meeting of Peoples Trust & said the bank is determined to help Savings Bank, T.J. Nicholls and the people who have helped the Pam Merritt were elected senior vice presidents and Verlyn Noring and bank. Bruce Sorensen were elected vice DUBUQUE: Bill Schrup and Jeff presidents. Mr. Nicholls, cashier, rey P. Mozena have been appointed has been with the bank since 1949. vice presidents, commercial loan of Ms. Merritt joined the bank in 1976 ficers, at American Trust and Sav and continues as marketing director. ings Bank. A graduate of the Uni versity of Santa Clara, Mr. Schrup IOW A CITY: A t Iowa State Bank & joined the bank in 1982. Mr. Mozena Trust Company, David R. Lundis a 1975 graduate of Loras College quist was recently promoted to vice in Dubuque and joined the bank in president and trust officer. Mr. Lundquist has been with the bank since 1975. May, 1979. In addition, Michael J. FARLEY: It recently was an Donohue has joined the bank as a nounced that James K. Burdick has consumer loan officer. He most been named executive vice president recently managed the Cedar Rapids of Farley State Bank. Most recently ITT Office. PARKERSBURG: Charles V. Perry was recently named president, trust officer, and chief executive officer of the Parkersburg State Bank. Mr. Perry has been executive vice presi dent and CEO for the past 18 months. WELLSBURG: Following the an nual meeting of Peoples Savings Bank the following officer changes were announced: Bernard J. Harms was advanced from vice president to president. He succeeds Leland D. Luwe, who has been named chair man. Gary W. James advanced from cashier to vice president and cashier, and Frederick Frazell from office manager at the Cleves Office to as sistant vice president and office manager. WOODBINE: The First National Bank was declared insolvent on Feb ruary 6 by the Comptroller of the Currency and the FDIC was named receiver. A new state-chartered in stitution, Iowa Savings Bank, opened the following day and it as sumed all of the more than $25 mil lion deposits of the failed bank. The new bank owners - Dick Wikert of Fremont, Nebr., A.C. Benton and Wm. A. Krause of Hampton, and R. Wilson Pursinger of Sioux City paid the FDIC a premium of $367,700. The new bank retained $647,000 in installment loans and $440,000 in real estate loans. FDIC paid $16 million into the new bank and retained all other loans of First Call on the “Experienced Professionals” Ready to meet your correspondent needs. FIRST NATIONAL LINCOLN 13th & M Streets, Lincoln, Nebraska 68501 A Firslier C o m p an y https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Member, F.D.I.C. Professional ... Responsive... Call Mark Christen for any correspondent service. Call toll free (800) 622-7262 Valley National Bank i§l DES MOINES, IOWA 50304 A BANKS OF IOWA BANK M em ber FD IC National, some of which Iowa Sav ings Bank may purchase from the FDIC in the near future. Bill Tufford was named president of Iowa Savings Bank. Most recently he has been vice president-manager of the Renwick office of Hawkeye Bank and Trust Co. of Humboldt. Nebraska News The Nebraska Bankers Associa tion is sponsoring a Bank Director’s Seminar for CEOs and their bank di rectors, to be held March 7 at the Lincoln Hilton. R egistration and continental breakfast will begin at 8:30 a.m. Dr. Douglas V. Austin, president of Douglas Austin & Associates, Inc. and professor in the department of finance at the University of Toledo, Ohio, and Mark S. Mandula, vice president, also with Douglas Austin & Associates, will present a number of topics throughout the day, includ ing “ The Responsibilities and Lia bilities of the Directorship,” “ Read ing and Understanding Financial Statements,” “ Capital,” “ Financial Comparisons” and “ Policy Plan ning.” A t 3:30 p.m., Don Towle, president of Kansas Bankers Surety Company in Topeka, Kan., will pre sent “ Director and Officer Liability Insurance.” A reception will follow from 4:30-5:30. Advanced registration fee is $85 for the first registrant and $75 for each additional person. MARTELL: Jay D. Peters has been appointed executive vice president and Paul Williams, assistant vice president, at Martell State Bank, ac cording to Fred W. Morgan, chair man. In addition, Mr. Peters was elected to the board. OM AHA: Gary L. Parker, former president of the Bank of Bellevue, has been named vice president of FirsTier, Inc. He will be involved in the financial institutions and corres pondent banking groups. Mr. Parker joined Bank of Bellevue in 1968 and was named president in 1980. ASK DICK RETZ to make MNB work for you. Toll free 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 Minnesota News The Minnesota Chapter of the Bank Marketing Association will BANK OPENINGS CHIEF OPERATING OFFICER—requires 7 years banking experience including lending, adm inistra tion and business development. Small Nebraska bank holding company. Opportunity to be CEO in 12 months. To$35K. SR. LOAN OFFICER— IA and NE banks. Requires 5 years bank Ag lending, degree preferred, buy-in opportunities. To$45K. AG LOAN OFFICER— IA Bank - nice community. Package of $30K. VP MARKETING— IA and NE banks. To$60K. Phyllis S. Lynch STAFF AMERICA, INC. 900 Commercial Federal Tower Omaha, NE 68124 Phone 402/391-2065 or 402/895-1997 (evenings) hold a one day conference on Wed nesday, March 13, at the Sheraton Park Place Hotel in Minneapolis. The conference focus is “ Creating a Sales Environment in Your Bank” with Dr. Leonard L. Berry and Dr. Charles M. Futrell of Texas A & M University as the leaders. Dr. Berry and Dr. Futrell, who are both Profes sors of Marketing at Texas A & M, have co-authored the book Bankers Who Sell: Improving Sales E ffec tiveness in Banking. The conference, which will begin at 8:00 a.m. and conclude at 4:00 p.m., will feature breakout sessions in the afternoon on telemarketing and effective selling. For additional information or to make reservations, please contact Mark L. Jeter at Norwest Corpora tion, 1200 Peavey Bldg., Minneapo lis, Minnesota 55437, (612) 372-7550. M INNEAPOLIS: A t F&M Mar quette National Bank, Jerilyn R. Slinger was promoted to vice presi dent and credit manager in the busi ness services group and David A. Hoven was promoted to vice presi dent, investment services group. Ms. Slinger joined the bank in 1979, and Mr. Hoven has been with the bank since last year, previously serving with Piper, Jaffray & Hopwood. HUTCHINSON: Citizens Bank & Trust Co. has announced the promo tion of Joel C. Kraft to vice presi dent and consumer banking group head. Prior to joining Citizens Bank in December, 1983, Mr. Kraft was with Norwest Bank in Fergus Falls. OWATONNA: Kenneth J. Bloomenrader has been promoted to senior vice president/retail business man ager of Norwest Bank Owatonna, N.A. He joined Norwest Bank in 1961 and was named vice president in 1979. ROCHESTER: At First Bank Ro chester, Paul E. Clavadetscher has been promoted to senior vice presi dent of consumer banking; James C. Neuroth to senior vice president, agricultural lending, and Dianne L. Hoover to assistant vice president, real estate. W ILLM AR: A t the annual meeting cd~foLdzr a n d Bank Consultants Specializing in Bank Acquisitions P.O. Box 450 Donald 515-232-0814 405 Main Ames, Iowa 50010 E. Holder, Principal TRIAL SUBSCRIPTION UCC LOAN ACTIVITY' REPORTS BULLETIN r From Iow a Public R ecords Search i Iow a Search invites you to get acquainted. 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Rates vary from county to county. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Supplement to Northwestern Banker Newsletter 2-18-85 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Supplement to Northwestern Banker Newsletter 2-18-85 Illinois Bank President Hires Two Senior V.P.s With One Call to AGRIcareers 0 • • • 0 • • Bank President L.W. “ Link” Phillips intended to hire one senior vice president but wound up hiring two, both through AGRIcareers. “We needed a capable ag loan officer quickly for our bank at Knoxville, Illinois, and employed the most readily available of two excellent candidates recommend ed by AGRIcareers,” relates Phil lips. He is president of First Farmers “ I had worked with other personnel firms without suc cess.” —L.W. Phillips handle commercial loans, and does adm inistrative and loan policy work. About AGRIcareers’ personnel services, Phillips comments, “ I was very satisfied. I had worked with other personnel firms without success, but AGRIcareers secured a well-qualified ag loan man within a month.” Working with Linda Heit at the firm’s New Hampton office, and Jean Eden, Massena and Des Moines, he received several re sumes by mail. Interviews were quickly scheduled. “The two personnel specialists were anxious to help, but weren’t pushy,” reports Phillips. “ That wasn’t always the case with other firms. Some of them ‘bugged’ the heck out of me! National Bank, Knoxville, and of Bank of Galesburg (Illinois), a near by larger city. Agriculture in the western Illinois area involves corn, soybeans and livestock produc tion. Ed Anderson began work at Knoxville in August, handling the w bank’s large volume of ag loans, plus administrative and policy making duties. In October, Link Phillips decided that another of the AGRIcareers candidates he had interviewed, Chris Dunemann, could fill the need for a senior vice president at Bank of Galesburg. Dunemann was employed to L v v t'"-" , -i M S 1 AG BANKING SPECIALISTS m (712) 779-3744 MASSENA, IA 50853 (515) 394-3145 NEW HAMPTON, IA 50659 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis l W Ê 8 - i i Mi im h h i CAREERS, IN C . “ I liked AGRIcareers’ level of fol low-up.” Senior V.P.s Anderson and Dunemann are mid-30s in age, and each came with over 10 years PCA experience. Both hold college de grees, had done administrative work and loan policy formulation. “They were productive immedi ately,” recalls Phillips. Summing up his experience lo cating bank executive personnel through AGRIcareers, he remarks, “ I like the fact that they draw job applicants from a broad geograph ic area. They found well-qualified people who are interested in the agricultural climate we have here. “ And the pre-screening of appli cants helps. “ I wouldn’t hesitate to call AGRI careers again.” m M Hi - & ' W mm ËÊÈÊÈ & HH - ' m ttÊ È 7 *■ 'ijßbf \ | l j | | M WÊÈÊËJ f | | i § '1M l i l B m / m Æ M J H W g r a s s. ’r a il gf //■ • . ; ,/ nl Link Phillips, left, is president of Bank of Galesburg and First Farmers National Bank, Knox ville, both in highly ag-productive west central Illinois. With him is Ed Anderson, Knoxville se nior vice president and ag loan officer, who was employed through AGRIcareers last August. A senior vice president for the Galesburg bank, Chris Dunemann, also was employed through the personnel firm. (Dunemann not available for photo.) POSITIONS AVAILABLE AG BANKERS AVAILABLE Confidential. Fee paid by employer. Personnel Specialists Serving America’s Ag Banks Our candidates are personally Interviewed, screened, referenced, and evaluated by our specialists. If you have an interest in candidates listed below, call Jean or Linda to discuss your needs. Employers pay our modest fee to hire the best. NJ-1 AG LENDER—A real PROBLEM SOLVER! Currently handling large number of PCA’s problem loans. FmHA Co. Supr. for 10 yrs., past 3 w ith PCA. Has been thru both ex tremes of ag lending; the liberal practices of several yrs. ago and the conservative, clean-up phase of today; has adapted to and learned from both. References say, “ has successfully reduced loan problems, and helped farmers gain business sense as w ell” ...“ able to waltz thru FmHA’s forms & regulations and get a loan put thru fast” ...“ offers practical solutions to loan problems.” Good attitude and down-to-earth personality. B.S. Ag, married, age 35. S. IA or N. MO location. $33,000. Call Jean. NJ-2 AG REP—Offers 1 Vi yrs. ag lending exper. from bank & FmHA. Serving as mgmt. trainee for the past yr. in ag dept, of large IL bank. Has strong analytical & technical skills, good with customers, and helped develop Farm Plan. Wants more responsibility and opportunity to learn all phases of banking. Farm raised in IL, paid own college expenses and m aintained high GPA (Iowa State grad— B.S. Ag Bus.), internship with FmHA. Married. Age 24. IL or IA location. $23,000. Call Jean. NJ-3 AG DEPARTMENT HEAD—Currently manages $10 m illion ag department in $70 m illion bank. Supervises two assistants, cross sells bank services, and has insurance and micro computer experience. Formerly PCA Branch Manager for four years. A 1st Class candidate! B.S. Ag Bus. plus banking school graduate. Married. Age 32. Lives IL. $40,000. Call Jean. NJ-4 C.E.OJE.V.P—Currently V.P./T.O. in $28mm bank. Second-ln-charge, responsible for $15mm in loans (primar ily ag) and overall management. References are top. Col lege education plus graduate of tw o banking schools. Ac tive in com munity and bank activities. Married. Age 43. Lives IL. $45,000. Call Jean. ND-5 AG LENDER— Branch manager w ith six years experi ence in farm credit systems. In charge of all office func tions, responsible for $6MM loans. Strong analytical abili ties, well recommended. B.S. Ag Bus. Single. Age: 30. Lives lA. $28,000 +. Call Jean. ND-6 AG LENDER—Sharp, young trainee looking for entry level position. Did six month internship in bank. Looks, personality, and enthusiam. B.S. Ag Econ from K State. Single. Age: 23. Lives KS. $16,000. Call Jean. ND-7 AG LENDING/MARKETING-An excellent candidate w ith tw o years bank loan experience. Strong background in sales and marketing. Seeking opportunity to use mar keting skills to promote bank services. Reference says, “ I’ve never met a more professional individual. He has the ability to motivate and promote, truly an outstanding Indi vidual.” B.S. Marketing. Married. Age: 35. Lives IA. $30,000 + . Call Jean. ND-8 AG BANKING—Confident, polished trainee with FmHA experience, appraisals, loan applications, good w ith numbers. Good communicator and strong ag back ground. References say “ Would recommend him w ithout hesitation.” B.S. ISU Ag Bus. Single. Age: 23. Lives IA. $18,000. Call Jean. NL-9 AG LENDER— Extremely sharp ag lender offers close to one year with FLB. Very knowledgeable in agriculture. Self motivator. Supervisor says, “ Good credit aptitude... fast pace achiever...he’s got a lot of potential.” B.A. Finance. Single. Lives IA. $21,000. Call Linda. N L -10 CEO/EVP— Fifteen plus years of overall ag banking experience which includes ag lending, has good loan judgement, trust management and fam iliar w ith setting up and implementing new bank policies using computers. Reference says this ag banker has a strong farm clientele a TOUGH com petitor in the banking field. Community in volved. Degreed. Married. Age: 45. $35,000 + . Call Linda. NL-11 VP— Diversified lending skills which include four years in long term area and currently tw o years in short term lending w ith the farm credit system. Responsible for $6-7MM in ag loans, life and crop insurance and compu terized record keeping system. Experienced in workout situations. Wants more diversification to banking opera tions and management. B.S. Ag Economics. GPA 3.2/4.0. Married. Age: 28. Lives IA. $25-30,000. Call Linda. NL-12 LOANS/OPERATIONS O FFIC ER -Sharp, young banker who is experienced in all phases of lending and operations spending 60% of the time in loans and 40% of the time In operations. Reference says, “ Excellent perfor mance-one o f the best employees I ever had without a https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis If you are interested in advancing your banking career, we w ill keep you informed of opportunities available and MAINTAIN THE CONFIDENCE YOU DEMAND. We do not use other recruiting ‘networks' and no contacts are made on your behalf without your prior knowledge and consent. Our Ag Banking Specialists serve you individually, dis creetly, and professionally. doubt...very intelligent and quick learner.” Wants to locate ' near college town to complete his education. Two years college. Married. Age: 24. Lives Wl. $22-24,000. Call Linda. N-1 BANK PRESIDENT— Large holding company needs sharp individual currently serving as president or #2 per son in bank to manage $25MM + Iowa bank (with no major loan problems!). Must have strong loan experience and be active in community. $45-$50,000 + excellent benefits. NL-13 AG BANKING— References say, “ He has good credit judgement...aggressive...collection skills are good along w ith a strong personality and ability to com municate.” Six-and-one-half years (one w ith Farm Credit) of ag credit experience wth responsibility in sta ff supervi sion, marketing, credit analysis and collections. B.S. Ag Economics. Single. Age: 28. Lives Wl. $31,000. Call Linda. N-2 SR. COMMERCIAL LOAN OFFICER—To specialize in loans to cattle feeders. W ill take charge of $40MM loan portfolio for major bank holding co. in So. CA. MUST HAVE 5-7 yrs. current bank lending expr. handling sim ilar portf. o f loans to cattle feeders. Solid skills in credit analysis, problem solving, written and oral communication. Good mgt. potential. Salary to $45,000 + full benefits. NJ-14 SENIOR OFFICER—Twelve years as V.P. in $90MM bank, responsible for $15MM ag loans, also shares com mercial loans, farm management, trust and administrative duties. Serves as officer of state banking association and president of many com m unity organizations. Masters de gree in Ag Business, graduate of banking school, etc. Mar ried. Age: 40. Open to relocate In la or IL. $48,000. Call Jean. N-3 EVP— Number 2 person in $30MM bank w ith $15MM plus in loans (very few classified) needs banker w ith 5-10 yrs. current expr. in operations, compliance, computers and ag/commercial lending to assist w ith and oversee all. IA location. Full benefits $35-40,000. NJ-15 AG LOAN OFFICER—Two years as A.V.P. in $50MM bank. Works w ith ag and commercial loans, collection, documentation, inspections, and micro computers. Very fam iliar w ith loan problems and corrective actions. Farm raised. Single. B.S. Animal Science (I.S.U.), plus additional banking courses. Age: 27. Lives IA. $25,000. Call Jean. NJ-16 SENIOR OFFICER—V.P. (#2 man) in $20MM bank for past 10 years. In charge of $11 MM loan portfolio. Strong ag lending skills, heavy work-out, restructure and collec tion experience. Works in operations, compliance, with computer and Insurance as well. B.A. degree, attended Ag Credit School and graduate school of banking. Married. Age: 36. Lives IA. $32,000. Call Jean. NJ-17 AG LOAN OFFICER— Four years as loan officer w ith PCA. Supervises $13MM branch. Farm raised. Active in com m unity affairs and ag-related activities. B.S. Animal Science. Married. Age: 33. W ill relocate In E. IA or N. IL. $29,000. Call Jean. NL-18 AG FINANCE—Offers twenty years of versatile ag credit experience which includes Farm Credit, ag banking and captive financing experience. Strengths are his credit judgement, comm unication skills and sales personality. B.S. Ag. Married. Age: 49. Lives Wl. $36,000. Call Linda. NL-19 AG LENDER— Experienced in small rural bank ($5MM) operations and lending functions. Wants more concentration in ag loan area. References say he is de tailed, organized and gets along with people. Area Voc. Tech. Grad, in Ag Banking. Married. Age: 23. Lives MN. $17-18,000. Call Linda. NL-20 INSURANCE AGENCY MANAGER—Currently sales agent for $300,000 gross volume agency which he started from scratch to present size. Eight years prior as manager of Insurance/Real Estate corporation. Past reference said, “ He’s a self motivator...good performer...professional...I’d hire him if I was considering adding an insurance agency at the bank.” Licensed In all insurance lines. Two years college plus several insurance and R.E. courses. Married. Age: 39. Lives IA. $25,000 + . Call Linda. NL-21 AG CREDIT—Strong ag background which includes farming (crop and swine) and a year of ag credit experi ence w ith a small rural bank in Iowa. Duties are ag loans, loan documentation, cash flowing, etc. along with prob lem loan work outs. B.S. from ISU. Married. Age: 34. Lives IA. $25,000 + . Call Linda. Ag Banking Personnel Specialists Let us help w ith your staffing needs or career ad vancement. Employers pay our modest fee to hire the best. Our clients depend on us for QUALITY. Our candidates depend on us for CONFIDENTIALITY. Linda 515/394-5827 New Hampton, la. 50659 g Jean 515/263-9598 (W/F) 712/779-3567 (M/T/TH) Massena, Iowa 50853 agncjRERsjNC. “ * AG BANKING SPECIALISTS N-4 COMMERCIAL LENDER—$50MM bank w ith $15MM in commercial loans needs an experienced commercial lender. Family owned. College town location In MN. $20-28,000 depending on experience. N-5 AG LOAN OFFICER— Number tw o in a two-person ag dept, of $10-12MM. 2-5 yrs. ag banking exper. preferred. Strong dairy area. MN. $18-24,000. + benefits. N-6 AG LENDER— Experienced ag banker needed for $11 MM bank with $4MM ag portfolio. Seeks a self starter and a problem solver. 4-5 yrs. ag credit experience. S.D. Low $20,000’s. N-7 JR. AG LENDER—Strong Illinois ag bank ($170MM with $100MM in loans) is looking for an aggressive ag lender to market and service existing accounts and ag loans. 2 yrs. min. ag lending expr. Good on documentation and new business develop. Mid $20,000’s. N-8 AG LENDER—#2 in 3-person, $20MM ag dept, of $150MM hold. co. bank in N. IL. Handle ag loans and farm calls. Very good chance to move up in bank or holding co. Requires 2-3 yrs. bank or PCA ag lending exper., 4 yr. ag degree, outgoing personality. To $29,000 + all insurance, pension, profit sharing, bonus. N-9 VP— Primarily responsible for $7MM ag business loans & farm loans in $40MM ind. bank w ith good credit quality. Can lead to president position. 5-10 yrs. bank ex per. w ith strong ag lending & loan analysis skills. An ag gressive & personable individual who fits into rural farm com m unity on IL-IN border. Short distance to urban area. $30K + possible stock ownership. N-10 AG LOAN OFFICER—$95MM ind. bank in N. IL. town of 30,000. W ill be #2 in $10MM ag dept, (loans in good shape!), and spend 20% of tim e in farm mgmt. and new business development. Offers excellent advancement op portunities and full benefit pkg. Requires 1-5 yrs. ag lend ing exper. (bank, PCA, FLB), 4 yr. ag degree; farm mgmt. exper. helpful. $20-$30K. N-11 AG LOAN OFFICER—$19MM bank in western IL. Re quires experienced ag lender w ith strong ag credit skills (5-7 years bank or PCA) w ith top com m unication abilities. Business developer. $28-30,000 + . N-12 JR. AG LENDERS—Three Iowa positions available for am bitious capdidates w ith 1-2 yrs. current ag lending expr. from bank or PCA. Must be knowledgeable in and willing to work w ith problem loans. $18-25,000. N-13 SENIOR VP— Report to pres, in $60MM bank. Take charge of $30MM ag loans, improve credit quality. Rapid advancement opportunity. 5-10 yrs. current ag lending and problem solving expr. required. IA. $40,000 + benefit pkg. N-14 ADMINISTRATOR— Bank chain needs am bitious and energetic ag banker to ride herd on loans, business development and work w ith secondary markets for five banks with combined total assets of $100MM. 5-10 yrs. bank operations, secondary markets and lending skills needed. $30-40,000. N-15 VP—Opportunity to be #2 in $40MM major hold. co. bank in Central MO. $25MM total loans. Primary respon sibility is handling $15MM ag loans, and share of commer cial. Requires min. of 5 yrs. ag lending, from bank or PCA, + degree. Sizeable town, good location. To $35K. N-16 AG LOAN OFFICER—#3 in $35MM ag dept, of $100 + MM, performance-oriented bank. Requires 2-5 yrs. ag lending exper. from bank or farm credit system; an ag gressive goal oriented individual who practices & keeps up with modern ag lending procedures. W. IL town of 6000. Salary open; commensurate w ith experience. N-17 MANAGER of $5MM bank. Progressive and com peti tive ag area. 4-5 years of bank expr. a must. $25,000 + pro fit sharing. SD. ARE YOU CULTIVATING A CROPOFNON-PERFORMING AG LOANS?? Call (515) 225-0085 COLLECT To Learn About THE PLANNER Revolutionary Software for Farm Credit Analysis and Planning Homestead Management Systems, Inc. 0 of First Bank Willmar, David G. Landgrebe was elected vice presi dent, according to Lyle R. Weismantel, president. Mr. Landgrebe will be responsible for the commercial loan agricultural loan departments. South Dakota News a 0 0 CANTON: At the annual meeting of Farmers State Bank, Elmer Ander son retired as president, and was named chairman. George Hanson was named to succeed him as presi dent. O ther changes include: Luverne Hammerstrom was ad vanced to vice president, moving from the instalment loan department to general loan officer. Bruce Anderson was elected executive vice president and Drew Anderson was named assistant cashier. He will as sume the duties of the instalment loan department. North Dakota News The 10th Annual Bank of North Dakota “ Mid-Winter Break” will be held February 20, 21 and 22. With this being the 10th anniversary of the “ Break,” an extra special pro gram is in store for those attending, as well as food and entertainment sure to please all. Montana News 0 0 HAMILTON: Three officers were recently promoted to vice presidents at Ravalli County Bank: Geraldine M. Solander, Mildred L. Higgins and David L. Hardy. Mrs. Solander joined the bank in 1961 and currently serves as data processing and general operations supervisor. Ms. Higgins also joined in 1961 and since 1981 has been in charge of the Serving bankers quietly and efficiently. bank’s escrow department. Mr. Har dy joined the staff in 1978 and has spent the last three years as a com mercial loan officer. Wyoming News CASPER: Roger M. Trupp and Terry Ham have been named vice presidents of Wyoming National Bank. Mr. Trupp joined the bank in 1983 in the commercial loan depart1 ment. Mr. Ham, who will also serve as manager of the consumer lending department, previously was with Citizens National Bank and Trust, Oklahoma City Okla. LARAM IE: Jerry Walker was re cently promoted to senior vice presi dent of First Wyoming Bank, N.A. Jerry Pilch was promoted to com mercial loan officer and Howard White to assistant cashier. Mr. Wal ker joined the bank as an officer in 1980 and was named vice president in 1982. POSITIONS AVAILABLE NW IOWA - PERSONAL TRUST OFFICER • 2-3 years. To $30K. W IOWA & E. NEBR. • AG LENDERS (6) - 4-8 years. To $35K. OMAHA • CONSUMER & COMM. LENDER • 3-4 years. To $28K. Call or send resume to: Richard L. Beam Certified Personnel Consultant GUMBERT EXECUTIVE EXCHANGE, INC. 11246 Davenport Street Omaha, NE 68154 Phone: 402/330-3260 - Member National Personnel Assoc. ■ We’re Nationwide M eet the p ro b le m solvers. NEWCASTLE: First State Bank re cently named Leonard Nack, senior vice president; Gordon Williams, vice president, and Shirley Harder to assistant vice president. The bank’s board also named John Sulli van of Livingston to the newly-cre ated post of vice chairman of the board. SHERIDAN: Bryan Dvirnak has been named vice president of com mercial loans at First National Bank here. Mr. Dvirnak joins the bank from his prior position with a bank in Bowman, N.D. He has also worked for banks in Dickinson, N.D., and Lewistown, Mont. BRADY & ASSOCIATES FINANCIAL CONSULTING Loan Policy & Procedures Manuals Credit Scoring - Loan Pricing Accounting - Budgeting - Forecasting - Systems Profit Improvement Loan C ollections - Documentation - Workout Dick Muir Larry Russell Steve Panknin Jeff Goble Melissa Smith \ A [ e’ll meet your needs ¥ ¥ for bankcard services, oan participations and quality investment portfolio recommendations. ki UN ITED MISSOURI BANK Qf KailSaS Cîty ÎUSU Member FDIC We can assist you with solutions to most problems U nited w e grow .Together. CAPITAL PERSONNEL SERVICE “ 25 years o f banking experience" 714 U.C.B. Building, 515-283-2545 Des Moines, Iowa 50309 2829 S. 148 Ave. Omaha, NE 68144 Phone: 402/333-2243 or 553-0568 10th and Grand ° P.O. Box 226 Kansas City, Missouri 64141 (816) 556-7000 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3 4 IOWA NATIONAL BANK CURRENCY Buy Direct From Factory — and Save! Financial Careers V.P. & CASHIER for $32 m illion Iowa bank. College com m unity .................................................................Salary Open CALENDARS (1986) ADVERTISING SPECIALTIES (Serving The Banking Industry Since 1947) Send Sample - Indicate Quantity - We will quote — You Be The Judge — Standard Advertising Service, Inc. Box 432 • Council Bluffs, Iowa 51501 CEO for $28 m illion Iowa bank. A ffiliated w ith major hold ing company. Prefer experienced banker w ith good ag backg ro u nd .....................................................Salary $45,000+ CEO for $14 m illion Iowa com m unity bank. Requires 5 to 10 years experience. Good ag background. . . . Salary open WANTED FOR PERSONAL COLLECTION POSITION AVAILABLE _ COMMERCIAL LOAN OFFICER— Immediate opening for head of commercial loan department. This person will also supervise officer in charge of consumer loans. Minimum o f 3 years commercial experience required. Salary com mensurate w ith experience. Excellent benefits and career opportunities. Contact: Robert S. DeWaay, President, United State Bank, P.O. Box 309, Cedar Rapids, IA, 52406. Member Hawkeye Bancorporation. Phone319/366-8413. __________________________________________________ (PA) PRESIDENT—$25 m illion Fort Madison, Iowa bank. Good earnings, not a problem bank. Must have lending back ground. Contact Larry Wenzl, P.O. Box 450, Ames, Iowa 50010. Phone: 515/232-8200. (PA) SENIOR LOAN OFFICER— NW Illinois $52 million community bank. Must have 5-8 years banking experience in all phases of banking. Excellent opportunity in a good rural community. Phone Andy Rogers, FirstNational Bank of Galena, IL. Phone: 815/777-0344. (PA) VICE PRESIDENT—$40 m illion southeast Iowa bank seek ing Individual w ith strong credit and operations back ground needed. Near major college town. Excellent bene fits and career opportunity. Send resume and salary his tory in confidence to file WCS, c/o Northwestern Banker. _____________________________ (PA) NEEDED IMMEDIATELY—2nd officer in $12 million SE Iowa bank. Prefer minimum of 2 yrs. experience in Ag. len ding or operations. Send resume, including salary require ments to file WCT, c/o Northwestern Banker. (PA) SMALL REGIONAL MIDWESTERN BANK needs Investment Officer with 10 years’ experience. Investment port folio $250 million. Must have excellent credentials. Salary commensurate with experience. File WCV, c/o Northwest ern Banker. (PA) FOR SALE Other services include purchase or appraisal of coin/currency estates or collections. I also wish to document the survival of Iowa National currency not necessarily available for purchase at this time. DON MARK Box 1, Adel, IA 50003 • 515/270-8170 TRUST ACCOUNTING SOFTWARE FOR MICROCOMPUTERS MBS, Inc. 7387 Pacific St., Omaha, NE 68114 Phone: 402/399-8021 COMMERCIAL LENDER for $100 m illion bank. Requires 5-10 years experience. Job entails loan cleanup—both ag and c o m m e rc ia l............................................ Salary $40,000+ COMMERCIAL LENDER for $600 m illion midwest bank. Must be experienced in handling major credits and good at d o c u m e n ta tio n ........................................ Salary $40,000. NUMBER TWO person for $140 m illion bank. Must have loan experience in larger bank. Position leads to CEO . . . . ....................................................................... Salary $50,000 + COMMERCIAL LENDER for major southern Minnesota bank. Requires 5 or more years experience........................... .................................................................... Salary to $40,000. TRUST OFFICER for $300 m illion midwest bank. Prefer lawyer or CPA w ith trust experience . . . .Salary $35,000 + TRUST OFFICER for $70 million Iowa bank. Prefer lawyer with two or more years experience in handling trusts and e s ta te s ...........................................................Salary $30,000. VICE PRESIDENT—COMMERCIAL LOANS for $40 m illion Iowa bank. Insurance license is a plus . .Salary to $35,000 POSITION WANTED CASHIER for eastern Nebraska bank. Requires 3-5 years experience.......................................... Salary to $32,000. ENTRY LEVEL POSITION. Graduate of the University of South Dakota. With interest in finance and economics. Contact Jeff Wollman, 803 Dakota St., Yankton, SD 57078. Phone:(605)665-8293.____________________________(PW) AG LENDER for northern Iowa bank. Prefer college grad with one or tw o years experience. Must know documenta tion ............................................................. Salary to $25,000. AG LOAN OFFICER—36 years old, Iowa State University graduate, farming, ag business, and 4 years banking ex perience. Experienced w ith cash flows, micro-computers and loan documentation. Have real estate and insurance licenses. Contact file WCR, c/o Northwestern Banker. (PW) D O N -S c H O O L E R In A N I > 1 jf p VJ A S S O C IA T E S f AG LENDER for major eastern Iowa bank. Located in metro area. Candidate will work in rural o ffice .......... .......... .....................................................................Salary to $30,000. • * AG LENDERS for PCA, to serve as managers in excellent farming areas. Offices do not have major problem loans. Prefer college grads w ith 3 or more years experience and farm background. Gooddocumentation record is essential ..................................................................... Salary to $30,000. Write or call Malcolm Freeland or Cy Kirk in care of Freeland Financial Service, Inc., 1010 Equitable Bldg., Des Moines, Iowa 50309. Phone 515/282-6462. Employer pays reasonable fee. Many other opportunities now available. WANT TO BUY "S u c c e s s fu l B a n k in g is Q u a lity P e rs o n n e l" NCR 7750-2500 PROOF MACHINE— 12 pockets, auto-feed hopper, cassette handler, 3.7 million Items, has been on maintenance. Contact: Mark Sams, First State Bank, Web ster City. Phone: 515/832-2520. (FS) POSITIONS AVAILABLE AG LENDER - Clear path to bank president in a MW rural bank. Degreed indiv w ith 2-5 yrs ag lending exp. Will be #1 man w ithin 10 yrs. Strong bank w ith no loan problem. $26K. VICE PRESIDENT • Solid community bank near metro area seeks indiv w ith strong commercial lending and banking bkgd. 4 + yrs comm’l or ag lending in a $35mm + environ ment. $35K. PRESIDENT/CEO - Dream position for young, fast tracker. Rural holding co bank seeks degreed ag lender w ith 3 + years experience to be top man. Oppty to take charge and move up through holding company’s executive ranks. $33K. TRUST • WARM WEATHER. Trust department in sunbelt seeks JD or CPA w ith business development skills. 2-3 yrs experience. $30K. COMMERCIAL LENDER -' Large progressive bank offers high visibility, good pay, and growth potential in growing bank. 3 + yrs comm'l lending experience, leasing knowl edge and large bank environment are ail musts. $30K. INVESTMENT MANAGER - Top-notch large institution w ith exceptional reputation is in search of 4 + years ex perience in portfolio management, hedging and A&L man agement. Degree necessary. $35K + . FOR FURTHER INFORMATION FOR THESE AND OTHER POSITIONS RESPOND IN CONFIDENCE TO: R. KURT ROSENCRANTS AT (515) 244-4414 ROBERT VflCMLF 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 ALL FEES COMPANY PAID If you would like to be informed of positions as they become available and if you are interested in chang ing your present position, send your resume or phone Don Schooler, 417-682-2265, 2508 East Meadow, Springfield, Missouri 65804. Information on you w ill be kept confidential until you are inter ested in a specific position. Eighteen years of banking serving as President of rural and metropolitan banks enables me to match you, technically and personally, with the right bank ing environment. POSITIONS CURRENTLY AVAILABLE Missouri, Iowa Oklahoma, Kansas, Arkansas, Illinois, and Nebraska WANTED— Minnesota, Iowa or Wisconsin $10-$20 m illion sound bank. File WCQ, c/o Northwestern Banker. (WTB) COMMERCIAL-AG LOAN VICE PRESIDENT Position in northeast Iowa. Minimum 3-5 years lending experience. Cash flow and loan documen tation necessary. Excellent benefits and career opportunities with growing multi-bank holding company. Salary commensurate w ith experience. Send resume and references to: Charles V. Perry, President Parkersburg State Bank Box 70, Parkersburg, IA 50665 Phone: 319/346-2114 (PA) ALL AROUND LENDER, heavy in Ag, $30mm + bank, 5,000 p o p u la tio n ............................... $30,000 EXECUTIVE VICE PRESIDENT, HEAD OF ALL LENDING in a $70mm + bank, town of 7,500 ........ .......................................................... $40,000-$50,000 ALL AROUND LENDER, $30mm bank, Lake area, 2,000 p o p u la tio n ........................................... $30,000 PRESIDENT, $40mm bank, superb location, candi date should be steady, mature, and an organized a d m in is tra to r............................................... $60,000 COMMERCIAL CREDIT ANALYST, COMPLIANCE, & REVIEW for a small holding company, college town, 10,000 p o p u la tio n ............................. $40,000 COMMERCIAL LENDER, $60mm bank, 10,000 population ..................................... $35,000-$40,000 VICE PRESIDENT, COMMERCIAL LOANS, excel lent college to w n ........................................... $40,000 POSITIONS AVAILABLE REAL ESTATE OFFICER - manage dept, for $100MM bank located in college town. Experience w ith secondary mar ket operation a plus. $28K SECOND OFFICER - $35MM Agri-oriented bank. Minimum five yrs. Ag-Lending experience $35K SENIOR LENDER - supervise all lending divisions of $125MM community bank. Degree and experience in large bank desired. $45K COMMERCIAL LOAN ■ $75MM suburban bank affiliated with major holding company. Requires excellent docu mentation and analysis skills. $30K CEO - medium size Ag bank located in small northern Mis souri community. Previous adm inistrative experience re quired. $40K #2 OFFICER, $10mm bank, 2,000 p o p u la tio n ........ ........................................................................ $30,000 Additional opportunities available ¡n Midwestern States. NEW CHARTER, METRO A R E A ................... OPEN 2024 Swift - Box 12346 North Kansas City, MO 64116 816/474-6874 OPERATIONS HEAD, $30mm bank, nice college to w n .................................... $25,000-$30,000 TOM HAGAN & ASSOCIATES “ Serving the Banking Industry Since 1970" Vol. 13 No. 44 Northwestern Banker Newsletter (USPS 873-300) is published weekly by the Northwestern Banker Company, 306 Fif teenth Street, Des Moines, Iowa 50309, (515) 244-8163. Subscriptions $1.00 per copy, $18.00 per year. Second class postage paid at Des Moines, Iowa. Address all mail subscriptions, changes of address (Form 3579), manuscripts, mail items to above address. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis W
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