View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

Vol. 11 No. 45

Des Moines, Iowa

With farm d eb t a m a jor co n ce rn —

A B A Appoints Special A g Task Force
g r ic u l t u r e

win be holding

A the limelight in the nation’s cap­
ital during the next couple of weeks.
Earlier this month, ABA President
William H. Ken­
nedy, J r., a p ­
pointed a special
Agricultural
Thsk Force of 11
w ell-know n ag
bankers, b e ­
cause of the
banking indus­
try’s deep con­
cern for the re­
C.R. BRENTON
cord farm debt
and the growing delinquencies.
C. Robert Brenton, president-elect
of ABA and president of Brenton
Banks, Inc., Des Moines, heads the
Thsk Force. Because all its members
have worked together previously or
have served on ABA’s ag projects,
the group was organized with dis­
patch and, considering the urgency
of the problem, scheduled an indepth meeting today (Monday) in
Washington. On Thesday, March 1,
they w ill meet with regulators,
Senators, Congressmen and USD A
personnel •
Later this month, March 18-24,
will be American Agriculture Week
and ABA for the second consecutive
year will co-sponsor a half-hour
prime time television special, Titled,

"Who Will Farm the Land?” the 30minute program will be seen on 100
TV stations in major ag and met­
ropolitan areas throughout the na­
tion. Three young farmers in Iowa,
Colorado and Tennessee, tell their
stories of how they got their start. It
will air March 21, which has specifi­
cally been designated as "Agricul­
ture Day.” ABA Ag Bankers Divi­
sion executive committee member
Alan R. Thbbs, president of the First
Central State Bank, DeWitt, la., is
one of three spokespersons featured
in the television special who pro­
vides a perspective on the question
of "Who Will Farm the Land?”
Mr. Tibbs also is one of the 10
committee members joining Mr. Brenton’s Thsk Force. Others are:
• Marlin Jackson, president, Se­
curity Bank, Paragould, Ark.
• W. D. "Bud” Wilier, executive
vice president, Decorah State
Bank, Decorah, la.
• Fred Greer, Jr., senior vice pres­
ident, Citizens & Southern Na­
tional Bank, Atlanta, Ga.
• Robert Gillis, president-elect
and ch ie f operatin g officer,
Franklin-Lamoille Bank, St. A l­
bans, Vt.
• James R. Eatherly, chairman
and president, First National
Bank, Tbnkawa, Okla.
• James <W. McBride, president,

February 28,1983
First National Bank & Thist Co.
in Aurora, Nebr.
• Willis G. Candland, president,
TH-State Bank & T>ust Co.,
Montpelier, Ida.
• Leslie W. Peterson, president,
Farmers State Bank, THmont,
Minn.
• Walter Minger, senior vice pres­
ident, Bank of America, San
Francisco.
Mr. Kennedy, who is chairman,
National Bank of Commerce in Pine
Bluff, Ark., said the Ag Thsk Force is
being asked to urgently formulate
recommendations for addressing the
current farm loan problems in light
of bank regulations and examina­
tions procedures.
One thing the Thsk Force hopes to
achieve is a fruitful discussion with
regulators regarding what some
bankers believe to be a severe analy­
sis of ag loans. Many ag bankers feel
the examiners should sit down and
discuss certain loans w ith the
banker to determine if a given loan
is genuinely a workout situation or if
it truly is a closeout loan. One
banker said, "I think they should
give some credence to a banker’s
assessment and not just to an analy­
sis of cold figures. In ag loans, there
are always some extenuating cir­
cumstances were weather, price and
interest rates had a very severe
effect in a short time on a decision
made three or four years ago that
was right at the time.”

A S K JE R R Y TR U D O
to make MNB work for you.
Toll free: 1-800-332-5991

hants National Bank isi
F .D .I.C .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

A B A N K S O F IO W A ’ B A N K

Don't gam ble
when choosing
o correspondent
bonk. Com e to
the professionals.

Com e to us we’re first in Iowa
because we put
Iowa first
An Affiliate of Northwest Bancorporation B A N C O '
Mem ber FDIC

Iowa News
BUFFALO: Funeral services were
held February 11 for Colleen J. Neumeister, assistant cashier, Buffalo
Savings Bank. Mrs. Neumeister
served the bank from bookkeeper to
assistant cashier for 25 years.
DES MOINES: Robert G. Millen,
president and chief executive officer
of United Central Bank, has an­
nounced the election of James W.
Eiler as vice president and manager
in the loan administration division,
effective today. Mr. Eiler previously
was president and chief executive of­
ficer of the First National Bank of
Colfax, where he has been since
1980.
TAM A: A t Tama State Bank, Mich­
ael C. Hagerty was promoted to vice
president; Cynthia John to assistant
vice president, and Rob Wobeter to
cashier, according to William J.
Beohm, president.
W H EATLAN D: First Trust and
Savings Bank has promoted David
E. Harris to senior vice president.
He joined the bank in 1976. Martin
L. Jacobs has been appointed to the
position of assistant vice president
and office manager of the Dixon
branch office.

Nebraska News
BLAIR: John Queen is the new vice

Call (515) 245-3131 or toll-free (800) 362-2514

president in charge o f lending at the
Blair Bank. Mr. Queen previously
was associated with the First Na­
tional Bank of Council Bluffs.
GOTH EN BU RG: Matthew W il­
liams, president o f Gothenburg
State Bank & Trust Co., has an­
nounced the recent promotion of
Mike Hilderbrand to vice president
and Linda Bowman to assistant vice
president. Mr. Hilderbrand has been
with the bank three years, most re­
cently as assistant vice president.
Ms. Bowman, who has been with the
bank six years, advances from loan
clerk to her new position.
LINCOLN: The Nebraska Securities
Industry Association has elected
Charles J. Burmeister as president.
He is chairman of the board of First
Mid America Inc., a regional broker­
age firm based in Lincoln and
Omaha.
SIDNEY: Lewis H. Mehling, presi­
dent of the American National Bank
of Sidney, has announced the promo­
tions of Jack Flohr and Jerry Dykman to senior vice presidents. Both
officers have been associated with
the bank for more than 20 years and
are now serving in the commercial
loan department.
SUTHERLAND: Bob Gray has
been elected president of First Se­
curity Bank of Sutherland. Mr.

Recipe for success.. \

.

UNITED
CENTRAL
BANK
OF DES MOINES, NA ■ MEMBER FDIC ■ (515) 245-7111
AFFILIATED W ITH UNITED CENTRAL BANCSHARES, INC.

TOLL FREE NUMBER
(800) 362-1615

Gray has been affiliated with the
Farmers and Merchants Bank at
Imperial the past ten and a half
years where he served as vice presi­
dent and loan officer.

Minnesota News
ED IN A: First Bank Edina has elec­
ted J. Scott Hutton president. Mr.
Hutton succeeds Steven D. Gregerson, who has left the bank to form
his own company. Herbert J. Wogsland continues as chairman and
chief executive officer. Mr. Hutton
has been associated with First Bank
System since 1967.
GLENWOOD: Richard Setterberg
has been named executive vice presi­
dent of the Pope County State Bank.
Mr. Setterberg, a veteran o f 31
years in the banking field, fills the
vacancy created by the resignation
of Harry Peters, who has served as
bank vice president for the past five
and a half years.
M INNEAPOLIS: First Bank Sys­
tem, Inc., has elected Robert H.
Baker senior vice president o f con­
sumer banking in the metropolitan
division, effective March 8. Mr.
Baker currently is vice president of
marketing and long range planning
for Old National Bank in Spokane,
Washington.
M INNEAPOLIS: The Northeast
State Bank has elected James R.
McFarland president and director.
He succeeds Walter C. Rasmussen,

SERVING PROFESSIONALLY
Banking, Financial & Business Personnel
Iowa and Nationwide

CAPITAL PERSONNEL SERVICE

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

714 U.C.B. Building, 515-283-2545
Des Moines, Iowa 50309

iFHutton
One Carriers Building
Des Moines, Iowa 50309
Telephone: (515) 243-1203

NEW ISSUE

Moodys: A1
S&P: A +

We own and offer subject to prior sale and change in price and subject to our attorney’s approving opinion:

$575,000
(Part of an issue of $14,500,000)

POLK COUNTY, IOWA
Hospital Facility Revenue Bonds, Series B
(Mercy Hospital Medical Center Project)
DENOMINATION: $5,000
DATED: November 1,1982
Both principal and semiannual interest (January 1 and July 1; first coupon due July 1, 1983) payable at Bankers
Trust Company, Des Moines, Iowa, Trustee.
IN THE OPINION OF COUNSEL INTEREST ON THESE BONDS IS EXEMPT FROM ALL PRESENT
FEDERAL INCOME TAXES.
MATURITIES
___________ 8.75%___________
$175,000
July 1,1989
7.75

___________ 9.00%___________
$400,000
July 1, 1990
8.00

LEGALITY APPROVED BY CHAPMAN AND CUTLER, CHICAGO, ILLINOIS.
Mercy Hospital Medical Center was founded in 1893 by the Religious Sisters of Mercy of the Union of the United States of America, Pro­
vince of Omaha and is currently one of the 68 hospitals operated in the United States by the Religious Sisters of Mercy. The original 12-bed
Hospital was completed in 1894. Completion in 1978 of Phase II of the expansion program brought the Hospital to its present capacity of 500
beds. The control of the Hospital’s affairs is vested in a Board of Directors appointed by the members of the Hospital corporation. Appoint­
ments are made each year from a slate of nominees previously approved by the Board of Directors and the member of the Hospital corpora­
tion. The Hospital, which is located at Sixth and University Avenues less than one mile from the downtown area of Des Moines, currently
maintains 500 acute care beds and has a staff consisting of 1,881 full-time equivalent employees including 770 registered or practical nurses.
The Hospital is implementing a large scale computerization project which will result in an automated order entry and results reporting
system and an automated dietary ordering system.
While the Hospital’s primary service is defined as Polk County, the Hospital has over the last ten years expanded its referral base
throughout much of the State of Iowa. The Hospital is the largest provider in the central Iowa area of both adult and pediatric cardiac care
services, which has led the Hospital to its current position as a highly specialized referral center.
These funds are being issued for the purpose of reimbursement of the Hospital for expenditures incurred in the relocation and renovation
of the Hospital’s microbiology laboratory and replacement of equipment; the expansion of space for outpatient services; radiology special
procedures equipment; replacement of an intensive care unit and computer expansion.

FORECASTED DEBT SERVICE COVERAGE

Net income ................................................................
Depreciation ..............................................................
In te re st.......................................................................
Amortization of deferred bond financing c o s ts ........
Transfer from 1964 revenue fu n d ...............................
Estimated Amount Available for Debt Service----Forecasted Debt Service Payments:
Existing Debt S ervice............................................
Series B Bonds Debt S ervice.................................
Total Debt Service......................................................
Debt Service Coverage R a tio .....................................

Fiscal Year Ending June 30
_________ (Dollars in thousands)___________
1983
1984
1985
$ 2,896
$ 4,362
$ 5,727
3,947
4,295
4,555
3,358
4,006
3,840
118
149
138
_____ 6
______ 6
______ 6
$10,325
$12,818
$14,266

$ 3,169

$ 3,175
1,612
$ 4,787

$ 3,184
2,890
$ 6,074

3.26

2.68

2.35

$ 3,169

The information contained herein is not guaranteed, but is derived from sources which we deem reliable and is that on which our purchase of these bonds are based.
Bonds of particular maturity may or may not still be available or may now be available at a price or yield different from that indicated above.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Supplement to Northwestern Banker Newsletter 2-28-83


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Supplement to Northwestern Banker Newsletter 2-28-83

Experienced Bankers Available
The descriptions below represent a sample of our current listings. Call and discuss
the needs of your bank in complete confidence. (816) 474-6874
#9308 CEO — Twelve year community bank­
er with excellent Ag lending experience
complemented by good commercial
loan and operations background.
Degree........................................................ $50,000

#9188 JUNIOR LOAN — Operations
background as management trainee.
Now handling consumer loans and
small commercial credits for $55MM
bank. Advanced degree............................. $19,000

#9307 PRESIDENT — Currently director and
EVP of $60MM bank. Strong commercial
lender with good administrative ex­
perience. Advanced degree....................... $55,000

#9273 SENIOR AGRI LOAN — Serving as
primary Ag loan officer for $70MM bank.
Also responsible for farm management
and some commercial lines. Degree........$35,000

#9005 SENIOR COMMERCIAL LOAN —
Loan portfolio manager and chairman
loan committee for $55MM suburban
bank. Experienced in “ workout” loans.
Degree.......................................................... $45,000
#9244 COMMERCIAL LOAN — Manages
$25MM portfolio for $60MM community
bank. CCL and eighteen years of bank
experience..................................................$40,000
#9277 CONTROLLER/OPERATIONS — Five
years bank accounting and operations
experience with medium size surburban
banks. CPA........................
$32,000
#9256 OPERATIONS — Responsible for
overall operations of $65MM bank with
two facilities. Audit experience and
some lending. Degree.................................$28,000
#9242 CASHIER — Handles operations, per­
sonnel, investments, and some lending
for $45MM bank. Also data processing
background. Degree.................................... $28,000
#9258 BRANCH MANAGER — Operations
and consumer lending experience.
Presently managing branch of $100MM
bank. Two years college.............................. $24,000
#9294 INSTALLMENT LOAN — Manager
consumer loan department for $25MM
bank. Some commerial loan experience.
Degree.......................................................... $23,000

#9270 AGRI/COMMERCIAL LOAN —
Former examiner serving as junior loan
of-ficer in medium size rural bank. Some
operations experience. Degree...................$23,000
#9305 AGRI LOAN TRAINEE — BA degree
with minors in agribusiness and eco­
nomics. Three month internship with
rural bank. Lite computer programming
experience....................................................$14,000
#9304 INSURANCE/LENDING — Currently
manages agency for $20MM bank and
serves as lending officer—primarily
farm and consumer loans. Degree............. $30,000
#9265 TRUST — Manages full service trust
department with $10MM assets for
suburban bank. Likes business develop­
ment. Law Degree........................................ $27,000
#9262 MARKETING — Manages retail bank­
ing division of $100MM+ bank. Exten­
sive marketing background includes
product development, pricing, advertis­
ing, etc. Degree............................................ $45,000
#9284 CREDIT REVIEW — Responsible for
credit exams of 33 branches. Opera­
tions and lending experience in branch
environment. AA degree.............................. $25,000
#9310 OPERATIONS/INSURANCE Manages captive life insurance subsid­
iary of large multi-bank holding com­
pany. Audit/operations background. De­
gree plus 100 hrs. programming.................$32,000

TOM HAGAN & ASSOCIATES
WE ARE NOT A
“SEARCH AGENCY”—
Bankers contact us and
state their reason for
achange.

2024 S w ift#203 / P.O. Box 12346
North Kansas City, Mo. 64116
(816) 474-6874
‘Serving the Banking Industry Since 1970”


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

BANK PERSONNEL
Junior & Senior Officers
for Midwestern and
Northwestern Banks.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

CALL ON THE “PERFORM ANCE TEA M ”
where com m on transactions are handled m com m only well.
FIRST NATIONAL LINCOLN
13th & M Street • Lincoln, Nebraska 68501 • Member, F.D.I.C.

who has retained the position of
chairman and chief executive officer.
Mr. McFarland started his banking
career in 1960 at First National
Bank of Grafton, N.D.
SLEEPY EYE: Bob Dittrich of New
Ulm and Ray Bentdahl of Edina
have acquired controlling interest in
the State Bank of Sleepy Eye and
100% interest in its affiliated in­
surance agency from Donald E.
Schmid, Sr., the bank’s president,
and Sleepy Eye businessman George
Wooldrik, following approval by the
Federal Deposit Insurance Corpora­
tion. Randall P. Schultz, formerly an
officer of the Citizens State Bank of
Hutchinson, was elected president,
following the resignation of Mr.
Schmid.
ST. CLOUD: A t the First American
National Bank of St. Cloud, Michael
J. Leonard has been named senior
vice president, and Vernon R. Chase
has been named assistant vice presi­
dent, trust department. Mr. Leo­
nard is also president of the First
American Farm Credit Company.

Illinois News
ROCKFORD: David W. Knapp,
president and chief executive officer
of American National Bank and
Trust Co., has also been elected
chairman of the board. He replaces
David A. Carlson, who is currently
chairman of Carlson Roofing Com­
pany. In other action, Thomas Olson
was elected assistant vice president,
Lillie Rude was elected trust officer
and Cynthia Capitani was named
the bank’s auditor.

South Dakota News
TIM BER LAKE: Dewco Agency,

Inc. has received approved from the
Federal Reserve Bank o f Minne­
apolis to become a bank holding
company through the acquisition of
the Dewey County Bank, and to en­
gage in general insurance activities
in a community with a population
not exceeding 5,000.

Portable Modular Bank Building

North Dakota News
GOODRICH: R.E. Martin, vice
president of the First State Bank,
passed away January 31. Mr. Mar­
tin started his banking career in
1914 when the First State Bank of
Goodrich was a national bank. For
many years he was president of the
bank and at the time of his death, at
the age of 93, he was still a vice
president.

Montana News
HELENA: Richard E. Hart has
been elected executive vice presi­
dent and chief executive officer of
Bank of Montana. Mr. Hart joined
the bank in 1971 as a management
trainee and since that time has served
the bank in various operational and
lending positions, most recently as
vice president and cashier.
MISSOULA: First Bank Southside
recently announced the following
promotions: Thomas W. Wagner,
vice president/manager of the instal­
ment loan department; James R.
“ Rick” Scanlan, vice president/
compliance officer, commercial loan
department; Constance M. Centoni,
vice president/cashier in charge of
operations and personnel, and David
F. Bourgeois, instalment loan officer
and assistant manager of the instal­
ment loan department.

General Bank Equipment Si
Systems, Inc.

RR 45, Box 115
Hiway 73,3 Vi Miles North of Int. 680
Omaha, Nebraska 68152
(402)453-3000

Lease* Rent* Buy

Wyoming News
GILLETTE: William C. Naramore
was elected president of Stockmens
Bank and Trust Co. His father, Ken­
neth Naramore, who has held the ti­
tle for 18 years, will continue as the
bank’s chief executive officer and
also was elected chairman. William
Naramore previously held the title
of executive vice president and chief
operating officer.
GREYBULL: Jack Wiley has been
named vice president at First Na­
tional Bank of Greybull. He will
specialize in lending functions at the
bank and previously was with Secur­
ity Bank of Gillette in a similar posi­
tion.

SPRENGER,
ROWLAND
AND Getting
MESSINA
it done for you.
Bill Sprenger
—^

^

234-2625

Frampton Rowland

John Messina

234-2485

234-2486

CommerceBankofKansascity


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

MEMBER FDIC

Tolor»h<-»no
-îa\ 234-2000
o^/i-onnn
T elephone îr
(816)

w

BANK PLACEMENT SPECIALISTS
(Our 34th year)
Call experienced professionals to locate the
right candidate for your vacancy ... or the right
“ move-up” for yourself.
CORPORATE RECRUITERS
MIDWEST BANKING DIVISION
202 S. 71st Street
402/393-5515
Omaha, Nebraska 68132

FOR SALE
3 window solid walnut teller counter, with marble deal
plates, completely wired, 6' side counter, and connecting
gateway. Excellent condition. Available 2-15-83. Contact
Alan B. Fender, Valley National Bank, Hamburg, la. 51640.
Phone (712) 382-1212.
(FS)
NCR COMPLETE SYSTEM. NCR 279-300 on-line teller
machines, with 751 concentrators, 796-301 CRT’s, cables
and J-boxes. WILL SELL AS PACKAGE OR INDIVIDUALLY.
Call J. Van Dyke, Banc National, 512/250-0794.
(FS).
NCR SORTER. Model 6770. (14) pocket. 1200 dpm. Available Mid-March. Will sell for $60,000 or best offer. Under
continuous maintenance. Call now. 512/250-0794.
(FS)
PITNEY BOWES mailing machine and scale. $1500 or best
reasonable offer. Call Jody 512/250-0794.
(FS)

SKI THE SUMMIT!
Call me Toll Free to discuss
our 1983 Building Plans.
DWAYNE SMITH
Phone 1-800/922-2590
Paradise Properties, Box S
Dillon, CO 80435

CEO with experience running banks from $20 to $60
million .................................................................. $45,000

Marketing
Bank Services
Since 1974

Senor Ag Lender making ag loans in excess of one million,
on over 15 years of experience in a major community bank
......................................................................... Salary Neg.

IS§PliPMHp
MATT SCOTT

Serving Banks
in Iowa and Minnesota

SERVICE C O M P A N Y
P.O. Box 171 • Albert Lea, MN 56007
507/373-8216

POSITION AVAILABLE
OFFICER to develop and direct personal banking depart­
ment. Qualified applicant will possess administrative
ability, a broad knowledge of personal investment alter­
natives, consumer lending and community relations. Sal­
ary commensurate with experience. Write file SBV, c/o
Northwestern Banker.
(PA)
AFFILIATED MIDWEST BANCS, IN C .-A progressive
group of six banks Is looking for a commercial loan officer
for its bank in Nebraska City, Nebraska. Prefer 3-5 years
commercial loan experience. Send resumes' to Paul H.
Albrecht, President, Otoe County National Bank, P.O. Box
458, Nebraska City, Nebraska 68410.
(PA)
AG OFFICER—2-3 years experience with strong ag lend­
ing background. Northwest Iowa $55 million bank. Write
file SBX, c/o Northwestern Banker.
(PA)

POSITION WANTED
BANKING GRADUATES from Iowa Central Community Col­
lege, Fort Dodge, IA. Course work includes: AIB and other
courses pertinent to banking plus a summer on-the-job
training session in a bank. Students earn 67 semester
hours which leads to an Associate of Applied Science De­
gree. Contact: Placement Office or Forrest B. Johnson,
Banking Coordinator, Iowa Central Community College, 330
Ave. M., Fort Dodge, IA 50501. Phone (515) 576-7201.
(PW)

FOR SALE OR ASSUME LEASE

BANK OFFICE MANAGER—Ag loan experience, in­
surance experience, or both desired. Member of Iowa
multi-bank holding company. Excellent opportunity for ad­
vancement. Send resume to Raymond L. Graalfs, Senior
Vice President, State Bank and Trust, P.O. Box 68, Council
Bluffs, Iowa 51502, or call at (712) 323-7521.
(PA)
Affiliated Midwest Bancs, Inc., a progressive group of six
banks, is looking for an AGRICULTURAL LOAN OFFICER
for its bank In Boone, Iowa. Prefer 3-5 years agricultural
bank loan experience. Salary commensurate with ex­
perience. Send resumes c/o Robert Scott, president,
Boone State Bank & Trust Co., P.O. Box 428, Boone, Iowa
50036.
(PA)
PRESIDENT • AGRESSIVE MANAGER wanted to build a
small, farm-oriented bank in central South Dakota. Send
resume to file RBZ, c/o Northwestern Banker.
(PA)

NCR 9020 Banker 80 Software
4 - 7900 CRT’s
1 - 6420 Band Printer
Contact: Treasure State Bank
Box 511
Glasgow, MT 50320
Phone 406/228-4364

BANKERS AVAILABLE
CEO running $30 million high performance bank seeks
new opportunity................................................... $50,000

AG LOAN OFFICER—Progressive $40 million bank in
eastern South Dakota needs experienced officer. Send
resume to file TBA, c/o Northwestern Banker.
(PA)
(FSorL)

POSITIONS AVAILABLE

Operatlons/Cashler position in northwest Iowa community
ba nk........................................................Salary to $28,000
Ag Lending/lnsurance position in northwest Iowa bank
near Lakes area.............................................. Salary open
Ag Representative for northwest Iowa. Requires a min­
imum of one year’s experience...................Salary $22,000
Ag Representative for bank in major Iowa college town . . .
........................................................................ Salary open
Commercial Lender for eastern Nebraska bank................
...................................................................Salary mid 30’s
Ag Lender position for bank near Des Moines. Some
knowledge of operations a p lu s .................Salary $25,000
We have many other positions open at present, so if you
want to move up and further your career at this time, write
or call Malcolm Freeland, Freeland Financial Service, Inc.,
1032 Carriers Bldg., Des Moines, Iowa 50309. Phone
515/282-6462. Employer pays fee.

Operatlons/Marketlng specialist in $125 million ba n k___
................................................................................$38,000
Cashier in $30 million bank with excellent record .$28,000
Cashier in $35 million bank in Iowa. A top candidate for a
northern Iowa b a n k ............................................... $35,000
Senior National Bank Examiner with 8 years experience ..
................................................................................$30,000
Loan Review man with legal degree....................... $30,000
Ag Lender with Iowa State degree and three years with
PCA ....................................................................... $26,000
Installment Lender who heads dept, in $50 million bank ..
......................................................................... Salary Neg.
Operatlons/Audltor for major holding company seeks new
opportunity............................................................ $25,000
Write or call Malcolm Freeland, Freeland Financial Ser­
vice, Inc., 1032 Carriers Bldg., Des Moines, Iowa 50309.
Phone 515/282-6462. Employer pays reasonable fee.

Does the appearance of your em­
ployees reflect the success of your
bank? If not, call us today and find
how only $1.00 per day per teller will
help.

ÆeAjyu>ek!ir~^
CAREERAPPAREL
N. Main St., Carroll, la., 51401 712-792-2748 |

SUMMER IN THE ROCKIES
FOR RENT: Deluxe 2 bedroom condo
in Dillon Colorado by owner only $225
per week. Tennis court, pool, sauna
and jacuzzi. Call:
Treecondo Associates,
319/235-0439.

POSITIONS AVAILABLE

WANT TO BUY

CEO—$50MM community bank. Administrative ex­
perience and solid commercial lending background re­
quired.
$50,000

Audltor/Loan Review person for $150 million midwest
bank........................................................Salary to $28,000

Commercial Lender for southeast Iowa bank. Requires
three years experience.......................... Salary to $38,000

Number Two Man with excellent track record in $45 million
b a n k ....................................................................... $40,000

Farmers & Merchants Bank & Trust, Burlington, Iowa,
seeks a TRUST OFFICER with five or more years exper­
ience in a bank as a Trust Officer. Probate, trust, invest­
ment, and accounting knowledge and experience preferred.
A Law Degree is preferred. Salary negotiable. Apply to P.O.
Box 928, Burlington, Iowa 52601.
(PA)

President for $80 million midwest bank. Must have ex­
perience in comparable sized bank............... Salary Open.

Ag Representative for central Iowa bank. Requires two or
more years experience.......................... Salary to $28,000

Commercial Lender with 10 years experience, specializing
in accounts receivable, inventories and commercial real
e s ta te .......................................................................SalaryNeg.
Commercial Lender serving in senior capacity desires Il­
linois or eastern Iowa location...............................$38,000

Good Used MICRO-FILM MACHINE for bank office. Con­
tact Jerry Burrack, Maynard Savings Bank, Maynard, Iowa
50655. Phone 319/637-2289.
(WTB)

Ag Banking
People Specialists
Hire Better...Faster... Easier!
Call without cost or obligation to find out
who is available. Confidential.
Employers have been paying us to find
the people they need since 1968.
Phone our banking specialist: Linda at
515/394-5827 or Jeannie at 515/263-9598
(If no answer 712/779-3567)
I

NATIONWIDE

son
CAREERS, INC.
mJ
THE ORIGINAL AGRICULTURAL RECRUITER

New Hampton, IA 50659 or Massena, IA 50853

PRESIDENT—ag oriented bank close to large metro area.
Prefer ag related degree and minimum ten years banking.
$35,000
PRESIDENT—small community bank located in county
seat of 5,000 population. Business development and prov­
en commercial lending experience needed.
$40,000
COMMERCIAL LOAN—large suburban bank with superior
growth and earnings record. Minimum seven years com­
mercial lending experience.
$40,000
OPERATIONS—medium size urban bank seeks operations
manager for transit/proof, bookkeeping, customer service
depts.
$30,000
AGRI LOAN—senior officer for large rural bank. Handle
lending, farm management and marketing duties. $35,000
Your inquiry will be held in confidence. Forward resume'
and salary history to:

TOM HAGAN & ASSOCIATES
of Kansas City
2024 Swift - Box 12346
North Kansas City, MO 64116
816/474-6874
“ Serving the Banking Industry Since 1970”

Voi. 11 No. 45 Northwestern Banker Newsletter (USPS 873-300) is published weekly by the Northwestern Banker Company, 306
Fifteenth Street, Des Moines, Iowa 50309, (515) 244-8163. Subscriptions $1.00 per copy, $18.00 per year. Second class postage paid at
Des Moines, Iowa. Address all mail subscriptions, changes of address (Form 3579), manuscripts, mail items to above address.

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis