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*

Resume Fed Membership Hearings
EARINGS on the Fed member­
H
ship issue resume today in the
Senate Banking Committee.

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February 4,1980

Des Moines, Iowa

Vol. 8 No. 41

No action has been taken by the
Senate panel since November 7,
when the committee voted 9-5 that
S. 353, a bill proposing to retain
optional affiliation with the Fed for
reserve-setting purposes, should be
the basis for further discussion on
this highly controversial issue.
Sen. John Tower (R.-Tex.) has
amended S. 353 since November 7 to
set reserve requirements at 3 % on
the first $35 million of member bank
transaction accounts (TAs) and
from 3 % -10 %, as determined by the
Fed, on that portion of TAs over $35
million. In addition, member banks
would be required to hold reserves
from l%-7% on savings deposits
and time deposits of less than 180days maturity.
Reserves held with the Fed would
be in “Earnings Participation Ac­
counts” earning interest at V2 %
below the average return on the
Fed’s securities’ portfolio for the
quarter immediately preceding the
interest payment date. The new re­
quirements would be phased in over
four years.
No official data has been made
public as to initial levels at which
the Fed would set reserves or how
many member banks could satisfy
reserve requirements through vault
cash.

Pricing Services
The Fed, 18 months after enact­
ment of the bill, would be required
explicitly to price its services and to
charge interest on its float. Fed
services would be available to non­
member banks voluntarily holding
reserves with the Fed, at the same
fee schedule applicable to member
banks.
I t is also anticipated th a t an
amendment will be offered to S. 353
which would require all depository
institutions, upon a unanimous vote
of the Fed, to m aintain an

emergency supplemental deposit of
up to 3% of the total of its first $35
million in TAs and up to 5 % on TAs
over $35 million.
The emergency supplemental de­
posit could be required only after
consultation by the Fed with the
FDIC, FHLBB and NCUA Boards
of Directors, plus a finding by the
Fed that emergency conditions exist
and that such emergency deposits
are the only means available to the

Fed to maintain effective control
over the growth of the monetary
base as adjusted for changes in re­
serve requirements.
The supplemental deposits would
pay interest at a rate IV2 % below
the Fed’s return on its portfolio
during the previous quarter. Each
supplemental reserve deposit action
would be in effect no longer than 12
months, but could be renewed. The
supplemental reserve feature would
“sunset” at the end of four years
after enactment of the bill.
Defections
An accelerating trend of bank de­
fections from the Fed continue to
weaken the Fed’s ability to conduct
monetary policy . . . and thus con­
trol inflation.
It seems that even the regulators
are feeling the effects of inflation.
Philip E. Coldwell, Fed Board
governor, whose term expired last
T hursday, said th a t one of the
reasons he declined reappointment
was that his paycheck of $55,400
could not cover his personal finan­
cial needs. At the same time, he dis­
agrees with some other Fed govern­
ors by demanding a tighter Fed
monetary policy.
□
Iowa News
Tom C. Dunlap has announced
his candidacy for the office of presi­
dent-elect of the Iowa B ankers
Association for the 1980-81 term.
The election will be conducted ac-

ASK MARK CHRISTEN
to make MNB work for you.
Toll free: 1-800-332-5991
*r

Merchants National Bank
Member F.D.I.C.


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

is i

A BANKS OF IOWA' BANK

r ------ ----------- -— - — |

2

For
availability
of funds,
knowledgeable people
and professional service,
call our correspondent
bank department.

1-800-362-1615

Central National Bank
& Trust Company
LOCUST AT 6TH/DES MOINES, IA 50309
MEMBER FDIC
a f f il ia t e d w it h c e n t r a l

NATIONAL BANCSHARES. INC

cording to usual IBA rules by mail
ballot starting in August, with re­
sults announced during the annual
convention, September 21-23 in Des
Moines.
Mr. Dunlap is chairman and pres­
ident of South Story Bank & Trust
in Slater. He was president of the
Iowa Independent Bankers in 197677. Mr. Dunlap was elected chair­
man of Group 2 of the IBA in May,
1976, for a two-year term and as
chairman was a member of the IBA
executive council during that term.
BOONE: James P. O’Connor has
been named president of the Boone
State Bank. He comes to Boone
from Bellevue, Neb., where he was

Call

1 800 362-2514
-

-

to get a lot of help
for your
m oney.

■
l
I

I
P.O. Box1313, Omaha, Nebraska68101
I
Phone: (402)553-6400
I___________________________

Member FDIC

A NATIONAL BANK

An A ffilia te o f N o rth w e s t B a n c o rp o ra tio n

I
I
I

lohn
Murano:
BANKERS’
BANKER :

MANILLA: Gary L. Woods, form­
erly executive vice president of the
Manilla State Bank, has been pro­
moted to president. W. E. Petersen,
who had served as chairman and
president, continues as chairman of
the board.
SAC CITY: Promoted recently at
the Sac City State Bank were Larry
L. Reding, vice president to execu­
tive vice president; Frank C. Strain
and Neil Stadlman, assistant vice
president to vice president, and E.
Lynn M innmann and David O.
Jones, assistant cashier to assistant
vice president.
Nebraska News
BELLEVUE: Timothy J. Dacey Jr.
has been named chairman and chief
executive officer of the Bank of
Bellevue. Formerly president, he
succeeds Hugh W. Campbell, one of
the bank’s co-founders, who has re­
signed but who will remain on the
board. Gary L. Parker, formerly
executive vice president, has been
named president and chief operating
officer.
CAMPBELL: William C. Peterson
has been promoted from executive
vice president to president of the
Campbell State Bank. Don Bailey,
formerly president, will remain
chairman of the board.
FALLS CITY: Merle L. Veigel has
been promoted from vice president
and trust officer to senior vice presi­
dent and trust officer at the First
j*» ljj

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Banco ®

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nesNVomes


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

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Charles E. Walters Co., Inc.

1

IOWA.
A

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Please Contact: J. Mason Henry

Bob Buenneke

S p^

i

□ I would like to sell my
majority bank stock.
□ I would like to buy ma­
jority bank stock.

president of the Southroads Bank.

T O L L FR EE

4

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GARY STEVENSON
Vice President

National Bank & Trust Co. Blake A.
Matousek, assistant vice president,
was named a vice president.
KEARNEY: Named recently at the
Platte Valley State Bank & Trust
Co. were W ayne R. McKinney,
chairman and chief executive offi­
cer; Norman A. Schmidt, president;
Keith A. King, senior vice president, and Mark B. Slaughter, vice
president.
KEARNEY : Kearney State Bank &
NOTICE:
Iowa and N ebraska b an k s—
please return your bank directory
questionnaires to the Northwestern
Banker as soon as possible. These
forms were mailed out on January 7
and we need them to begin work on
the 1980 editions of the Iowa and
Nebraska Bank Directories.

Gary Stevenson

Y ou r M an
on th e F irst T eam .
712/277-1500

First National Bank in
Sioux City • A 'BANKS OF IOWA’ BANK

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Carleton D. Beh Co.

Supplement to Northwestern Banker Newletter 2-4-80

Investment Bankers/Financial Consultants

NEW ISSUE

MOODY’S: Aa
$4 , 800,000
AREA XI DES MOINES AREA COM M UNITY COLLEGE, IOWA
Capital Loan Notes

Dated: February 1,1980

Denomination: $5,000

Both principal and semiannual interest (June 30 and December 31, first coupon due June 30,1980) payable at the
offices of the Bankers Trust Company, Des Moines, Iowa.
IN THE OPINION OF COUNSEL INTEREST ON THESE NOTES IS EXEMPT FROM ALL PRESENT FEDERAL
INCOME TAXES, IOWA FRANCHISE TAX AND ALL PROPERTY TAXATION IN THE STATE OF IOWA.
MATURITIES
6.40%
$1,500,000 June 30,1983 6.20
1.600.000 June 30,1984 6.20
1.700.000 June 30,1985 6.20
LEGALITY TO BE APPROVED BY AHLERS, COONEY, DORWEILER, HAYNIE& SMITH, ATTORNEYS,
DES MOINES, IOWA
Area XI Des Moines Area Community College includes all or portions of Adair, Audubon, Boone, Carroll, Cass, Clarke, Crawford, Dallas,
Greene, Guthrie, Hamilton, Hardin, Jasper, Lucas, Madison, Mahaska, Marion, Marshall, Polk, Poweshiek, Shelby, Story and Warren
Counties, Iowa. It is the largest political subdivision in the State of Iowa and is exceeded in its actual and assessed value only by the State
itself. The Community College includes within its boundaries the City of Des Moines and 125 other cities, the County of Polk and parts of
twenty-two other counties, and the Des Moines Independent Community School District and 62 other school districts. The population of
the District is estimated at 600,000 and the land area at 4,198,400 acres.
Area XI Des Moines Community College was founded in March, 1966, pursuant to Chapter 280A, Code of Iowa, as amended. The
boundaries of the College were established by action of the County Boards of Education with the approval of the State Board of
Education. The State of Iowa, following this legislation, was divided into fifteen Area Education Agencies with identical boundaries to
fifteen merged area schools. The legislative purpose was to provide for area vocational schools and area community colleges. Area XI Des
Moines Community College accepted its first students in February, 1967, providing five career programs at one campus in Ankeny, Iowa,
located six miles north of Des Moines. Currently the college offers more than 55 major career programs, as well as 15 career oriented
college transfer programs. During the 1978/1979 school year the college served approximately 51,630 people on five ongoing attendance
centers: Ankeny, Boone, Des Moines (2) and Carroll. In addition, classes are held in more than 50 locations throughout the college
district. The land area within the District is approximately 11% of the total land area of the State. Approximately 20% of the State’s
population reside within the District.
These notes are being issued under the provisions of Section 280A, Code of Iowa, 1979, for the purpose of paying a portion of the cost of
the Community College’s capital improvement program. The authorization forthis issuance at the general election held on September 11,
1979, was approved by the electorate by a vote of 18,334 “ yes” to 10,986 “ no” . In the opinion of counsel, these notes are valid and legally
binding upon the Merged Area in accordance with their terms, and all taxable property in the Merged Area is subject to the levy of taxes to
pay the same, unless paid from other sources.

FINANCIAL STATEMENT
Actual and assessed value of taxable property, 1978-79
Actual and assessed value of taxable property, 1978-79 (net of tax allocation in Des Moines)
Direct debt, including this issue
Total underlying debt
Cities
$93,885,000
Schools
80,181,000
Counties
18,059,581____
Total direct and underlying debt
Population, 1980 estimate: 600,000
Land area: 4,198,400 acres

$8,975,680,959
8,931,421,350
9,280,000

192,125,581
201,405,581
Direct debt per capita: $ 15.47
Total debt per capita: 335.67
Direct debt per acre: 2.21
Total debt per acre: 47.97

Tax collections have approximated 101.9% of taxes levied for the past five years.
We own and offer subject to prior sale and change in price and subject to our attorney’s approving opinion
The information contained herein is not guaranteed, but is derived from sources we deem reliable
and is that on which our purchase of these bonds was based. Offered subject to prior sale and change in price.


Des
M oines B u ilding • Des M oines, iowa 50309 • 515-288-2152
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

607 M a rq u e tte Ave. • M in ne a p o lis, M innesota 55402 • 612-332-8825

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

:

“ Scoreboards have given our bank the penetration
we were seeking in our trade area and have added
a new dimension to our marketing program."

X
X
"Xf
-4
4

Time and Temperature System
with Indoor Display
»,

Market penetration and awareness was
achieved through the sponsorship of
Athletic Scoreboards by the FARMERS
STATE BANK of Parkston, South
Dakota.

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*
Baseball
Legion Park
Parkston, SD
—

4
•4

Baseball
Ethan
Ethan, SD
—

W

Baseball
Dimock
Dimock, SD
—

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Football
Parkston High
Parkston, SD
—

»

Vern £. Bormann
President
Farmers State Bank
Parkston, South Dakota

XIII OLYMPIC
WINTER
y y y GAMES
mm • LAKE
PLACID
1980

The popularity of a time & temperature
system with an indoor display, coupled
with an active civic interest, prompted the
sponsorship of Athletic Scoreboards for the
small communities in the Parkston area.
Donor panels were displayed on each
scoreboard, giving the bank identification
with athletic and youth programs in the
area.
DAKTRONICS can help your bank
with a similar program to serve your city or
community. Give us a collect call at [605]
692-6145 or drop a card in the mail and our
representative will contact you with the
necessary information.

AKTRONICS, INC.

W

—
l i M i i aS i


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

Box 128
Brookings. SD 57006
Telephone [605] 692-6145
Supplement to Northwestern Bank Newsletter 2/4/8 0

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

a a i
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Aài T u e
V/MLL u n
1n c

u n r n r a d i i a bi/^c
rc n ru m v iM N U L

t c a 11»
1 cmivi

where com m on transactions are handled uncom m only well.

■ M il

FIRST NATICDNALLINCOL N
13th & M Street • Lincoln, Nebraska 6 8501 • Member, F.D. I.C.

Trust Co. has received consent from
the state department of banking and
finance to establish a detached
auxiliary teller office-at 2404 Ave. A
here.
LAUREL: Richard E. Adkins Jr.
has been named executive vice pres­
ident of the Security National Bank.
B. D. Pehrson has been named vice
president; Jerry Schroeder, assist­
ant vice president, and Duane
Stingley, cashier.
OMAHA: The Omaha N ational
Bank has opened CBCT units at
four Omaha locations.
Illinois News
CICERO: Joseph J. Schuessler has
been elected chairm an and chief
executive officer of the First Na­
tional Bank of Cicero, succeeding
CarlL. Oberwortmann. Mr. Schues­
sler was formerly president of Mar­
quette National Bank in Chicago.
James P. Krcmarik, formerly the
bank’s executive vice president, has
been elected president. Frank A.
Lhotka, vice president, has been
promoted to executive vice presi­
dent.
GREENVILLE: Michael T. Jackson has been named president of
First Bank & Trust Co. of Greenville
succeeding his father, James M.
Jackson, who was named chairman
of the board. The new president
joined the bank in 1971 and most re­
cently served as senior vice presi­
dent.

Minnesota News
BRANCH: Organizers of the pro­
posed Community National Bank
here have received charter approval
from the Comptroller of the Cur­
rency. The bank’s agent is Winston
W. Borders.
HAM LAKE: The Crosstown State
Bank of Cedar has received consent
from the sta te commissioner of
banks to relocate its charter to Ham
Lake and operate under the name of
the Crosstown State Bank of Ham
Lake.
ST. PAUL: Jam es W. Reagan,
president and chief executive officer
of American National Bank & Trust
Co. , announced formation, of a new
executive m anagem ent group to
assist him in strategic planning,
policy form ulation and m anage­
ment. Named to the newly-created
posts of group vice president report­
ing directly to him are Ronald M.
Bosrock, group vice president-con­
sumer; Joseph E. Edell, group vice
president-operations, and David M.
Hyduke, group vice president-com­
mercial.
South Dakota News
TRIPP: K. G. Klatt has been elect­
ed chairman of the Dakota State
Bank here. He had served as presi­
dent of the bank since 1956. K. Jon
Klatt was elected president, having
joined the bank as executive vice
president last August.

BANKERS PARTICIPATING

I

l£ a s e P la n ,ln c .

5 45 - 31st Street

Des Moines, Io w a 50312

R. L. “ DICK” SELLON • P.D. “DUANE” DEVAULT

Montana News
HELENA: Frank Shaw has been
promoted from vice president to
senior vice president at Northwest­
ern Bank of Helena. Other appoint-

We’re Committed.
For ag overlines, data processing, investment ser­
vices and all your correspondent banking needs,
think of your Security
Banker. We’re committed
to helping you!
W ayne Joh n so n
Senior C orrespondent Banking
Officer
712/277-6526

SECURITY NATIONAL BANK

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

SIOUX CITY, IOWA 51101

MEMBER F.D.I.C.

© 1979 sn b

Estate Appraisals
Purchase of Collections
Sale of Rare Coins
Reliable and respected service
for over 20 years
Used by bankers
throughout the midwest
Ben E. Marlenee Coins
913 Locust
Des Moines, Iowa 50309
515-243-8064
ments include Sadie Hunter, cash­
ier; Mike Mundt, real estate loan
officer, and Tom Gould, instalment
loan officer.
Wyoming News
CASPER: Organizers of the pro­
posed M ountain Plaza N ational
Bank here have received charter
approval from the Comptroller of
the Currency. The bank’s agent is
N. Paul Van Maren Jr.
RAWLINS: Sherrod France, presi­
dent of Rawlins National Bank, has
announced the promotion of-Charlotte Smith from assistant cashier
and head teller to assistant vice
president for operations-personnel.
Named assistant cashiers were Judy
Packard and Maureen Hall. Also,
Richard Reynders, a University of
Wyoming graduate who joined the
bank in March, 1979, has been elect­
ed trust officer.

Electronic Terminal Insurance Policy
1. Provides coverage for the Terminal
2. Provides coverage for the Bank
Customer
3. Provides coverage for the Bank
4. Broadest coverage available

WANT ADS
Rates 50 cents per word per insertion.
Ad $2 for file numbers. Identity of file
number advertisers cannot be revealed.
Payment in advance, please.
NORTHWESTERN BANKER
306-15th St., Des Moines, Iowa50309
FOR SALE OR LEASE
Available for Immediate delivery. Instant modular
drive-in teller units. Ideal for expansion or to establish
a remote drive-in. Prebuilt, ready to install on your site
— requires only electrical hookup. Includes all equip­
ment needed— electric heat and air conditioned, con­
duit for alarm and phone. Write for brochure of other
size drive-in systems, branches and modular auto­
matic teller machine buildings.

FINANCIAL PRODUCTS, INC.
P.O. Box 1035
Eau Claire, Wisconsin 54701
Phone: (715) 835-8160

POSITION AVAILABLE
C.E.O . position open in $18 million bank in Iowa. Pre­
fer mature person with ag lending background. Write
Malcolm Freeland, c /o Northwestern Banker.
(PA)
$18 million north central Iowa bank looking for an in­
dividual with 1-5 years experience in bank operations
or related area; loan background would be helpful.
Future advancement excellent. Salary commensurate
with experience. W rite file JBB, c /o Northwestern
Banker._______________________________ (PA)
Second Off leer for $12 million independent Montana
bank. Must understand credit and be able to work
effectively with farmers, ranchers and businessmen.
Send resume to Charles Ferris at First Security Bank,
Malta, Mont. 59538. Phone (406)654-2221.
(PA)
Bank holding company data processing subsidiary
seeks a systems coordinator to join their team. Must
have at least two years of bank operations experience
with emphasis on accounting. State-wide travel re­
quired. Send resume in confidence to Charles M.
H uebner at W yom in g B an co rp ., P.O . Box 1706,
Cheyenne, Wyo. 82001.
(PA)
__________ An Equal Opportunity Employer_________
Bank holding company in northwestern Iowa seeks in­
dividual to manage leasing company. Duties include
customer development, credit analysis, and some
accounting. Send resume to Doug Heppner at Citizens
First National Bank, Storm Lake, la. 50588.______ (PA)

AG CREDIT CAREERS
AG LENDING OFFICER . . . Southeastern Minne­
sota
................................................... $1,5-$20,000.
Northwest Illinois
. . . . . . $17-$20,000

AG LENDING OFFICER

ASSISTANT CASHIER. . . Central Io w a ...............
........ .........................................................$14-$16,000
A SSISTA N TVP. . . PCA .
AG LOAN O FFICER.

Io w a . . . .$17-23,000

Northern Iowa .........
..................... $15-$17,000

CREDIT SUPERVISOR. . . Major Equipment Firm
. . . two openings:
1 .IA 2 .M N & W I ................... $15-$20,000
Since 1968, employers have been paying us to find
the people they need. For details, call Linda, our
banking and credit specialist.

INC
A GRICULTURAL PERSONNEL RECRUITERS

(515)394-3145

New Hampton, IA 50659

flUTCMfiTED SVSTECTIS

□F lawñjnc.
301 N. Ankeny Blvd., Suite 220
Ankeny, la 50021 515-964-1358

POSITION WANTED
Are you tooking for some quality help? W ell, stop
looking! Red Wing AVTI has a class graduating from
its Rural Banking and Ag Finance Program just wait­
ing forachallenge. Students have had extensive study
in all loan and insurance functions as well as manage­
ment/supervision. Graduates will be ready for on-thejob training approximately April 1, 1980. For inter­
views contact Terri Beckman, Instructor, Red Wing
A V T I, Red W in g , M in n . 5 5066. O r phone (612)
388-8271.____________________________________ (PW)
Cashier, with eight years operations experience in
banks of $20-600 million, seeks management position
in Iowa bank. W rite file JBC, c /o Northwestern
Banker.
(PW)
Head of $8 million trust department wishes to become
head of a larger trust department and / or become more
involved with other banking activities. Write file JBE,
c l o Northwestern Banker._____________________(PW)
C .E.O . or Sr. Loan Officer position wanted by 35-yeardld ag-oriented banker, who has commercial lending,
investment and operations experience. Now employ­
ed— but wish to relocate with progressive banking
institution. Write or call Malcolm Freeland, c /o North____________________
(PW)
western Banker.
Operations Officer now employed, seeks new oppor­
tunity as second man in community bank. W rite or call.
Malcolm Freeland, c /o Northwestern Banker.
(PW)

PARTIAL LIST OF
AVAILABLE APPLICANTS
LENDER/OPERATIONS— Is In charge of operations,
tellers and reports. Loan experience in installment,
student and real estate. Good general background.
$16,000.
ASST. CASHIER— Handles correspondent accounts
and money transfers. Responsible for general ledger
and bond portfolio. Evaluates accuracy of file docu­
mentation. $14,000.
LENDER— Installment experience includes interview­
ing applicants, approving or rejecting loans, closings
and collections. Opens new accounts and completes
month-ènd reports for top management. $14,000.
REAL ESTATE— Responsible for all servicing duties:
delinquency calls, escrow analysis and payments,
assumptions, payoffs, etc. Also generation of new
m ortgage lo an s, C ustom er c a llin g and re te n tio n .
$17,500.
«
AG OFFICER— BS in ag business and has completed
Ag Credit School. Seven plus years bank experience in
operations and ag lending. $20,000.
V P /L E N D IN G — Extends credit in all areas of lending.
Responsible for banks conformity to state and federal
banking loans. Experience in commercial, SBA, in­
stallment and real estate loans. $23,000.
VP— Head of commercial, agri and real estate loan
"departments. Has supervisory experience. Grants
loans and handles collections. Also works as compli­
ance officer. $25,000.
CEO— Primary responsibilities have been commercial
loans, operations and bank offices. Additional duties
are advertising and business development. Experi­
ence includes new charters and the purchase of a
bank. $30,000.
ALL FEES PAID BY MANAGEMENT
FOR FURTHER INFORMATION
RESPOND IN CONFIDENCETO:
Bank Division

ROBERT HALF

of Iowa, Inc.

317 6th Ave.
Des Moines, IA 50309
(515) 244-4414

GENERAL SERVICES
REDUCE CREDIT LOSSES. We collect your overdue
bills nation-wide without charging collection agency
fees. Results guaranteed. Free sample kit. Handcraft,
Dept. 010-1, Box 32526, Jamaica, NY 11431.
(GS)

FOR SALE
Five-window teller counter, walnut and marble, excel­
lent condition. Farmers Savings Bank, Kalona, la.
52247. Phone (319)656-2265.___________________ (FS)
Diebold Record Safe. Electric top door, fire rated, 10
cubic feet interior; checks, securities. New cost
$13,000. $5,600 or best offer. Call Bob at (402)
571-2300.____________________________________ (FS)
Bell & Howell D irec to r^ Micro-Filmer with imprinterendorser. 44-X camera for filming dual sides. Under
maintenance contract. Clutier State Bank, Clutier, la.
52217. Phone(319)479-2522.___________________ (FS)
Burroughs S1100 Single Pocket Proof, used less than
one year; continuous maintenance $2,400. Also 3M
“ 4 00 ” R e a d e r-P rin te r fo r m ic ro film $50. C ontact
Kempton Bank (815)253-6271. _______________ (FS)

WANTTOBUY
Used Burroughs Sensimatic or similar equipment
suitable for posting of liability and general ledgers.
Call Wendell at (507)962-3250.________________(WTB)

AVAILABLE POSITIONS
C .E .O .— Rural Minnesota with stock available.
Maturity and administration skills re­
quired.......................

35K

E .V .P .— Strong lending and willingness to re­
side in small community close to metro
area. Ownership position possible............. 30K
JR. COMMERCIAL LOAN— Medium size bank
in rocky mountain state seeks addition
to staff ............................................................18K
AG LOAN— 3-5 years agri loan experience de­
sired. Insurance licenses helpful. Iowa
location...................................

22K

E .V .P .— Medium size suburban bank. Lending
experience a must. Northern state................ 30K
LOAN OFFICER— Degree & farm background
preferred for position in rural Iowa.
Some banking experience necessary. . . . 18K
SECOND OFFICER— Excellent opportunity in
small Nebraska bank. Would consider
training someone with one to two years
experience.......................................................... 16K
TR U S T O F F IC E R — Head of d e p a rtm e n t in
medium size Iowa bank. Prefer law de­
gree and ability to develop business...........25K
AUDITOR— Small 3-bank holding company in
metro area. Accounting degree and 2-3
years audit experience..................................... 20K
FARM REP— Would consider graduate of voc.
ag. school. Need some col lege and farm
background; bank exp e rien ce not
necessary............................................................12K
Sample listing. If you are seeking a change forward
resume and salary history in confidence to:

TOM HAGAN & ASSOCIATES
P.O. Box 12346 / 2024 Swift
North Kansas City, Missouri 64116
__________________(816)474-6874_________________

Vol. 8 No. 41 Northwestern Banker Newsletter [USPS 873-300] is published weekly by the Northwestern Banker Company, 306
Fifteenth Street, Des Moines, Iowa 50309. Subscriptions 25 cents per copy, $8,00 per year. Second class postage paid at Des Moines,

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