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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
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