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• Vol. 12 No. 42 February 6,1984 Des Moines, Iowa Bush Task Force Finally Reports The Fed’s Position Months of proposals, arguing, turf-guarding and horse-trading out to be revised later or found total came to a head at Vice President ly incorrect, the Vice President’s Bush’s residence in Washington the Task Group on Regulation of Finan- week before Christmas when it ap cial Services finally made its official peared other federal agency mem report and recommendations on Jan bers would deal the Fed the coup de uary 31. Chaired by Vice President grace. However, Fed Board Chair George Bush, the Task Group out man Paul Volcker rose in anger to lined a plan for consolidation of ex- his 6 ’ 8 ” , wielded his pen and sword amining powers of the three federal and mightily smote the infidels. As bank regulatory agencies into two. a result, instead of the Fed being rel Originally, the Group aimed at mak egated only to an agency role of set ting and maintaining monetary ing one giant agency. A new federal banking agency policy, with no bank authorizing, ex would be created in the Treasury De amining or report gathering authori partment to examine all national ty, the Fed now would have these banks and all bank holding com responsibilities under the proposal panies other than the 50 largest. The announced last week: 1. Continuing regulation of the 50 Fed would retain examining control o f the top 50 holding companies and largest holding companies and those assume the FD IC’s examining pow with international linkage. 2. Veto ers over all state-chartered insured power by two-thirds vote o f the Fed banks. The FDIC would have ex- Board over any “ laundry list” dele panded powers to deny insurance, tion or addition undertaken by the have premiums based on risk with a new federal banking agency. 3. bank, and could examine banks iden Assumption of the FD IC’s present authority over state banks, regard tified as being in trouble. In baseball parlance, the Comp- less of whether they are Fed mem troller of the Currency is “ out” ; the bers. 4. Authority to pass along this new federal banking agency, as the examining authority to the in owner’s (Treasury’s) son, would be dividual state departments o f bank the replacement; the Fed upped its ing, who would continue the respon batting average with a triple, and sibility for examining state-char the FDIC will be a player-coach who tered banks once the state banking is allowed on the field only in case of department is certified by a commit tee of the new federal banking agen an injury. FTER months of meetings, A speculation and release o f bits of information that invariably turned * ® ^ * ^ ^ 0 £ cy, FDIC and Fed. New Federal Banking Agency The new federal banking agency would assume the regulation of na tionally-chartered banks, a duty now resting with the Comptroller of the Currency, whose job would be terminated. In addition, this new agency would regulate all holding companies (other than the top 50) whose lead bank is nationally-char tered. The new agency would assume the present powers of the Fed for ap proving holding company forma tions and for adding to or deleting from the “ laundry list” of approved bank activities (with Fed veto possi ble as described above). The FDIC Responsibilities The FDIC would be out of normal regulatory activities. With access to exam reports, it could examine any banks considered trouble spots, and could examine banks at random as part of its insurance inspection pro cess. Further, FDIC would be em powered to assess insurance rates based on riskiness within banks, us ing the CAM EL rating system. Another part of the Task Group report included the recommendation that all securities activities of banks would be regulated by the Securities and Exchange Commission. Pre sently, it involves SEC and bank regulators. Obviously, this Task Group pro posal must wend its way through the Administration’s hands, then be presented to Congress, where obser- CALL ON THE “PERFORM ANCE TEAM ” where common transactions are handed uncommonly well. FIRST NATIONAL LINCOLN 13th & M Street https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Lincoln, Nebraska 68501 • Member, F.D.I.C. Norwest Bank Des Moines , N.A. NOfíWEST BANKS Call (515) 245-3131 or toll-free (800) 362-2514 Member FDIC T e a m w o rk: one o f the reasons we're firs t in iowa. Dorothea Wolfe vers say it’s a toss-up whether any meaningful bank regulation will be passed before election. Other bank bills still pend before Congress, including that of Sen. Jake Gam, chairman o f the Senate Banking Committee. Sen. Proxmire’s bill would delete the Comp troller of the Currency’s office and transfer examining responsibilities to the FDIC and Fed. Also, Sen. John Heinz (R., Pa.), who says, “ if it ain’t broke, don’t fix it,” wants to leave things as they are in his bill. □ Iowa News The North Central Iowa Group of the N ABW will meet February 8 at the Broom Factory in Cedar Falls. H osted b y Farmers Savings Bank, Traer, the meeting will fea- ASK TERRY MARTIN to make MNB work for you. Toll free 1-800-332-5991 Bernle Kersey ture guest speaker Ed Hollett, finan cial consultant with Shearson/ American Express, Inc. His topic will be “ Knowing the Competition from Brokerage Firms.” COLLINS: Approval was announc ed by the Comptroller o f the Curren cy for Exchange State Bank here to convert to a national charter and be known as Exchange National Bank of Story County. Application is also being made to move the charter to Nevada. This is subject to regula tory approval. Member F.D.I.C. A ‘BANKS OF IOWA' BANK https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis FAIRFIELD: An application has been filed with the Comptroller of the Currency for a new bank charter in Fairfield to be known as Fairfield National Bank and located at 508 North 2nd. John R. Baumann is agent for the organizers. POSTVILLE: Marvin F. Chevalier, president of Citizens State Bank, an nounced that Chevalier, Inc. has sold its interest in the bank to a group of investors headed by James P. Lage, executive vice president of the bank. This group has formed First Postville BanCorporation, Inc., a one-bank holding company. Mr. Chevalier has resigned as presi dent and a member of the board, but will continue as senior vice president in an inactive role. Mr. Lage has been elected president and a new board has been elected. No other personnel changes are planned. DES MOINES: Oliver Hagen has been elected president and chief operating officer of United Central Bancshares. He succeeds Kenneth SAC CITY: Gary L. Gilliland has M. Myers, who continues as chief ex been promoted to executive vice ecutive officer and now becomes president and elected to the board of chairman. Simon W. Casady former Sac City State Bank. He joined the ly was chairman. Mr. Hagen had bank in 1983 as vice president in been executive vice president since charge of lending. joining UCB last March, moving SIOUX CITY: Don H. Vaudt was from Fargo, N.D., where he was recently appointed executive vice president of First Bank of North president of Toy National Bank. He Dakota. James Fogt has been moved had been serving as senior vice pres from senior vice president to exec ident in charge of all lending areas of utive vice president at UCB and the bank and will continue to super Howard Harris, controller, was also vise the loan function. Dennis L. named a senior vice president. Larive has joined the staff as vice DES MOINES: Richard H. McGuire president in charge o f asset manage and Mark A. Esbeck have been ment. U.S. CHECK BOOK COMPANY W ELCOMES YOU TO Iowa Bankers Group 11 Annual Meeting February 19-20, Burlington Visit us in our hospitality room at The Holiday — Room 107 Ed Batchelder Merchants ^ National Bank IS I named vice presidents for Bankers Trust Company. Both previously as sis ta n t v ic e p re s id e n ts , M r. McGuire was appointed in the in vestment area and Mr. Esbeck in commercial loan administration. Glen Altfillsch United States Check Book Company 1201 SOUTH 16TH STREET • OMAHA, NEBRASKA 68108 In Nebraska Call 402-345-3162 Out of State Call WATS Line 1-800-228-9246 The H oliday in Burlington W ill H ost Group 11 M eeting February 19 and 20 AN KERS and spouses from Group 11 of the Iowa Bankers Association will meet at The Holi day in Burlington, February 19 and 20. John F. O’Neill, chairman and president of the First National Bank in Burlington, will preside at the an nual meeting. Secretary of Group 11 is William R. Bemau, chairman and president, Peoples Savings Bank, Crawfordsville. Both men were elect- B J.F. O’NEILL A. MASER W.R. BERNAU Sunday, February 19 P.M. 4:00 5:30 7:00 8:30 ed last February for two-year terms. The Holiday is located at the junc tion of Highways 34 and 61. As usual, registration starts at 4:00 p.m. on Sunday, February 19, A.M. followed by poolside social hour, 10:00 then buffet dinner and dancing in the adjacent ballroom. The business session starts Monday at 10:00 a.m. The speaker will be Dr. Roy Park, founder and president o f Applied Management Associates, Ltd., a human resources consulting firm. The ladies’ program at 10:00 a.m. poolside will feature a style show 10:00 coordinated by Lisa Walsh o f Farm P.M. ers & Merchants Bank & Trust. After luncheon entertainment by 12:30 the Danville High School chorus, speakers from the IB A and banking department will conclude the pro gram. N. MILNER T.H. HUSTON Registration—The Holiday. Social Hour—Poolside. Dinner—Banquet room. Dancing to midnight. Monday, February 20 Business Meeting—The Hol iday. Presiding—John F. O’Neill, chairman, Group 11. Minutes: William R. Bemau, Secretary, Group 11. Speaker: Dr. R oy Park, president, Applied Manage ment Associates, Ltd. Ladies’ Program—Holiday. Style Show Poolside. Luncheon—H oliday B all room. Invocation—Fr. Carlos Lev eling, St. Paul’s Catholic Church. Choral Selections: Vocal C h ords, D a n v ille H igh School. Speakers: A1 Maser, presi dent IB A and president, First National Bank, Le Mars; Thomas H. Huston, Iow a superintendent o f banking; Neil Milner, IB A executive vice president; Bill Logan, president-elect Welcome to Our Group Meeting BURLINGTON M onday, February 20 Headquarters and Registration at TH E HO LID A Y Junction of Hwys. 34 & 61 Burlington banks extend a hearty invitation to all members of Group Eleven and other bankers to attend our annual Group meeting. REMEMBER TO BE W ITH US AT OUR SUNDAY EVENING PRECONVENTION PARTY! Hawkeye Bank & Trust Farmers & Merchants Bk. & Tr. First National Bank https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis f t IB A and president, State C entral S a vin gs B ank, Keokuk. □ RAVENNA: Melvin E. Fuller, who joined The Ravenna Bank in 1983, has been promoted to vice president, and Alan D. Kegley has been pro moted to vice president and cashier. Nebraska News The Schools of Banking, Inc., sponsored by the Kansas, Mo., and Nebraska Banking Associations, will begin the 1984 season with the “ Basic School” starting February 26 in Omaha. Space is still open. The curriculum includes a section on mi cro-computer technology. Space is still available for both the Intermediate School, March 18-23, and the Commercial Lending School, April 8-13, in Omaha. Details on these schools can be obtained from: Mrs. Gloria Young, Schools o f Banking, Inc., P.O. Box 14531, Omaha NE 68124, phone 402/391-7738. Minnesota News BRAIN ERD : First American Bank of Brainerd recently promoted Stella Middleton to vice president/manager personal banking department and Diane Runberg to vice president comptroller/cashier. DULUTH: Dennis Ellefson has joined Miller Hill State Bank as vice presi dent. He joins his father, E.L. “ Bud” Ellefson, who recently was elected president and chief executive officer. The younger Mr. Ellefson has been banking 11 years. of First Bank St. Cloud. Mr. Weis mantel was serving as senior vice president o f commercial lending at First Bank Bismarck, N.D. Illinois News CHICAGO: B.T. Reidy has joined Unibanc Trust Company as presi dent and a director. He formerly held several executive positions with a group of five Chicago subur ban banks and prior to that spent 20 years with the Northern Trust Com pany. Wisconsin News EVANSVILLE: Richard H. Waller has been named president of Mer chants Bank, effective March 1. He will succeed Marvin A. Langeteig, who will retire at that time. Mr. Langeteig has been serving as presi dent since 1976 and has been in banking 37 years. Mr. Waller joined the Merchants Bank in 1976 as cash ier and was promoted to vice presi dent in 1982. NEW BRIGHTON: James Faust has been promoted to senior vice president and Dale Tennison has ALLIANCE: Robert J. Lauer and been hired as vice president of the Brian W. Lundy were recently pro data processing center of First State moted to vice president status at Bank of New Brighton. Mr. Faust The Guardian State Bank and Trust had been serving as vice president in REESEVILLE: G.W. Yerges was Co. elected president of the State Bank the loan department. HASTINGS: Norwest Bank of Has OW ATONNA: Carl O. Myers has of Reeseville at its annual meeting. tings has announced that Norman been elected senior vice president/ Mr. Yerges, who was executive vice Nackerud, formerly president, was loan administration o f Norwest president, replaces former president elected chairman and chief executive Bank Owatonna, N.A., effective M. E. Fox, who was elected vice pres officer; John Farrell, formerly ex March 1. He has served the last five ident. ecutive vice president, was named years as president o f Norwest president and chief operating of Agricultural Credit, Inc., Sioux North Dakota News ficer, and Judy Lowe, formerly as Falls, S.D. CROSBY: Gideon Raile has been ap sistant manager o f Norwest Bank West, was promoted to assistant SAIN T PAUL: Dale S. Hanson has pointed president of First National vice president and manager of the been elected president and a director Bank here. He replaces Quentin of First Bank Saint Paul effective Benson, who has retired, but will West facility. immediately. Mr. Hanson, who has maintain his stock ownership and LINCOLN: Havelock Bank has pro been executive vice president in position on the board. For the past moted Pat Gibbons to vice president charge of the bank’s wholesale lend year, Mr. Raile has managed the and cashier. He has been with the ing activities, replaces Andrew G. Bismarck office of the American In Sail, who has resigned from the dian Agricultural Credit Consor bank six years. bank to pursue other business inter tium and prior to that was with Se M ADRID : A t Security State Bank, ests. curity State Bank of Beulah, which John A. Kreuscher has been named president, according to Mel Adams, W ILLM AR: Lyle R. Weismantel he helped organize in 1980. He also chairman. Mr. Kreuscher has pre has been elected president of First spent seven years at Security State viously served as executive vice Bank Willmar, effective February 5. Bank of Wishek. president and manager for three He succeeds N. Thomas Wiedebush, MANDON: Gary A. Flaa has been who was recently elected president elected president and chief executive years. officer of Norwest Bank Mandan, N. A. at the annual meeting. He suc ceeds J.E. Noonan, who was elected chairman. Mr. Flaa has been with the bank since 1976 and with Nor west Corporation since 1961. Call Mark Christen for Professional ... Responsive... any correspondent service. Call toll free (800) 622-7262 SERVING PROFESSIONALLY Valley National Bank m DES MOINES, IOWA 50304 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A BANKS OF IOWA BANK Member FDIC Banking, Financial & Business Personnel Iowa and Nationwide CAPITAL PERSONNEL SERVICE 714 U.C.B. Building, 515-283 2545 Des Moines, Iowa 50309 SURVEY: "Rating the Examiners" 1. Is your bank state or nationally chartered? State ____ National ____ 2. Has your bank been under any criticism by regulators in the past 18 months in regard to agri loans? No ____ Mildly ____ Very critical ____ Do you feel this criticism was : Justified ____ Whose examiners were involved: State ____ Unjustified ____ FDIG ____ Why? National 3« So far as agri lending is concerned, do you feel your bank examiners are: Adequately trained ____ Inadequately trained ____ Please comment: U. Has your bank been under any criticism by regulators in the past 18 months in regard to other than agri loans? No ____ Mildly ____ Very critical ____ Do you feel this criticism was: Justified ____ Unjustified ____ Why? 5. Do you think your bank examiners have understood the nature of current farm loan problems and have used "forbearance" in assessing these loans? Yes ____ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No ____ Please comment: (TURN TO OTHER SIDE OF PAGE, PLEASE) Supplement to Northwestern Banker Newsletter 2-6-84 6 . Do you feel your examinations have been more severe since the Penn Square failure? Yes ____ No ____ In what way? Please comment: ? . Have you ever been contacted in advance of an examination by a bank examiner? Yes ____ No ____ If "Yes," for what purpose? Please explain: 8. Have you or your board felt pressure in any way from an examiner looking either for employment or wanting to buy your bank? Yes No In what way? Please comment: 9. What do you like most about your bank examiners, or examinations? Please comment: What do you like least about the examiners, or examinations? Please comment: 10. On a scale of 1-10 (10 is best rating) , how would you rate State : FDIG: National: 1 1 1 2 2 2 3 3 3 4 4 4 5 5 5 6 6 6 7 7 7 8 8 8 9 9 9 10 10 10 * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * THANK YOU! For purposes of comparison in the survey report, will you please identify at least the following information: STATE Your examing area At your option, you may complete the following information: NAME TITLE DEPOSIT SIZE $ MAIL TO: THE https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis BANK CITY NORTHWESTERN BANKER, 306 Fifteenth Street, Des Moines, Iowa 50309 0 ATTENTION, CEOs! You are invited to complete and return the survey ques tionnaire, “ Rating the E x aminers,” which is a special in sert in this issue. This is your opportunity to sit on the other side of the table and assess the quality of work being done at your bank by the examiners. If the work is good, here’s your chance to express your opinion briefly; if you have criticism, please make it constructive. Replies should be sent to N o r t h w e s t e r n B a n k e r , 306 15th St., Des Moines, la. 50309. Results will be published in an early issue of the N o r t h w e s t e r n B a n k e r . Thank you for your cooperation. N.A. as vice president and cashier. He had been vice president and man ager of the Federal Reserve Branch in Helena from 1975-79, and most re cently served with the Federal Re serve Bank in Philadelphia, where he was executive vice president. Wyoming News South Dakota News The South Dakota state conven tion of the National Association of Bank Women will be held March 22-24 at the Holiday Inn City Cen tre, Sioux Falls. Montana News The Montana Bankers Association and the Montana Trial Lawyers A s sociation have moved their offices to Number One North Last Chance Gulch in Helena. Grand Opening was held February 3. BILLINGS: First Bank Billings has elected Ken Jacobson, Doug Aden and Lee Jockers to senior vice presi dent and Morrie Danielson, Tom Manning and Laurie Hansen Reiter to vice president. Thalia Sucharda was also elected operations officer. BILLINGS: Robert Spannagel was promoted to senior vice president at the annual meeting of First Citizens Bank here. BILLINGS: John D. Johnson has joined the staff of Security Bank, SHERIDAN: Ronald O. Ostermiller recently was promoted to senior vice president in charge of commercial loans o f Bank of Commerce. He has been with the bank five years and has been in banking 16. Banks Now Can Help Veterans, Themselves An unusual opportunity for banks nationwide to help veterans of the Korean and Vietnam conflicts is available through the federal govern ment. The Emergency Veterans’ Job Training A ct provides that one-half of a job trainee’s beginning salary, up to a maximum $10,000 reim bursement, may be paid directly to an employer for a period of either nine months in the case of an eligible veteran, or 15 months for a veteran with a service-connected disability rated at 30% or more. The program is administered through the Veterans Administra tion, Department of Labor and State Job Service. The rules are simple. In addition to being a qualified veteran An important new profit center for your bank: ■ Contact: Leroy Bell or Milt Hennick 319- 291-5412 a computerized local billin^credit service National Bank of Waterloo 315 East 5th St. • W aterloo, IA 5 0 7 0 4 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Member Federal Reserve System FDIC as noted, the veteran must have been unemployed for 15 o f the 20 weeks preceding his application to the VA. This includes those laid off due to current economic conditions and are seeking retraining in more stable occupations, and veterans re cently graduating from college. The occupational training must be in a growth industry, or one re quiring the use o f new technological skills, or in an occupation where there is a labor shortage. Of special interest to bankers is the fact that the U.S. Department of Labor has determined that banking is a growth industry; consequently, any banking job that requires a three-month or greater training period in a bank is eligible under this legislation. A single page application blank for employers should be accom panied by a training outline for the job approval sought. Interested banks may contact the VA, State Job Service or Department of Labor. Portable Modular Bank Building General Bank Equipment; Si Systems, Inc. RR45, Box 115 Hiway 7 3 ,3 1/2 Miles North of Int. 680 Omaha, Nebraska 68152 (402)453-3000 Lease* R ent* Buy WANT ADS— Rates are $5.00 per line per insertion. Add $3.00 for file letters per insertion, identity of file letter advertisers cannot be revealed. NORTHWESTERN BANKER, 306 15th Street Des Moines, Iowa 50309. Phone 515/244-8163 Ag Banking Personnel Let us help you. Call the ag lending personnel specialists without cost or obligation. Confi dential. Employers pay us to hire the best. Installment Person for Central Iowa Community bank.......... ........................................................................... Salary $22,000 If you w ould like to evaluate your career, my c lients across the country have a wide range of needs in operations, lending, and trust. Salaries are in the $20-80,000 range. C lients pay our service charge. Call or write: Commercial Real Estate person for Twin Cities area............ ...........................................................................Salary $35,000 Jean 515/263-9598 if Linda: 515/394-5827 New Hampton, la. 50659 no answer, 712/779-3567 ■ Massena, Iowa 50853 30/1 CAREERS, INC. ™ THE ORIGINAL AGRICULTURAL RECRUITER POSITION AVAILABLE REAL ESTATE LOAN OFFICER—With Eastern Iowa bank of $140 m illion. Minimum of three years experience. Quali fied to handle FHA/VA loans and process loans for secon dary market. Write file WAB, c/o Northwestern Banker.(PA) COMMERCIAL LOAN OFFICER—Suburban bank of $40 million has immediate opening for loan officer w ith 3-5 years experience in lending, emphasis in commercial area. Salary commensurate with experience. Send resume and salary requirements to file WAC, c/o Northwestern Banker. (PA) Midwestern bank w ith $120 m illion TRUST DEPARTMENT seeks person w ith at least five years experience in various trust activities capable of heading departmènt. Law de gree desired. Excellent fringe benefits w ith salary to be determined. Largest bank in progressive university com munity. Please submit resume including salary require ments in confidence to: file WAD, c/o Northwestern Banker. (PA) NUMBER TWO PERSON— North Central Iowa bank. M ini mum 2 years ag lending w ith knowledge of other lending and bank operation. Salary open. Write file WAE, c/o North western Banker. (PA) FOR SALE BURROUGHS MODEL 8809 CHECK DISBURSER. Recondi tioned and 30 day parts and labor warranty. $695.000. Call Scott at 800-531 -5036 (in Texas 800-252-3402). (FS) INVENTORY CLEARANCE!! 2 Burrough S-558 Single Pocket Proof. New, in original carton. $2,500.00 each. Call Teresa at (512) 250-0794. (FS) BANK MICRO/MINI COMPUTER PROGRAMS—Apple (tm)/ IBM-PC/Franklin Ace and other micro computers. We are distributors for over 55 bank programs. Send/Call for com plete list. Phone 308/384-5995. Bankers Electronic Equip ment Inc., 380 N. Walnut, Grand Island NE 68801 (FS) SPECIALLY CONSTRUCTED MODULAR BANKING FACILITIES consisting o f a 14x70 unit and a 30x8 office trailer at tachm ent plus an independent drive-up facility. 1,362 square feet, tw o baths, central air, electric heat, all camera and security equipment, three teller areas. Phone 605/336-2600 or write SunBank of South Dakota, P.O. Box 1718, Sioux Falls, SD 57117. (FS) CASUALTY INSURANCE AGENTS, need qualified casualty insurance agents for present openings in Wyoming. A t tractive employment package is offered. Send resume to Box 9, Wheatland, WY 82201.______________________ (PA) BANK SALES AND PURCHASES Northeast Iowa bank in metro area desires AO LENDER with computer background and 3-5 years bank experience. To $20,000. Write file WAF, c/o Northwestern Banker (PA) Eddie Wolf Bank Sales 7202 Maple Drive, Des Moines, la. 50322 Phone: 515/278-2271 LOAN OFFICER/PERSONAL BANKER w ith recent Com mercial Bank experience as Instructor/coordinator in well established tw o year post-secondary finance and credit management program. Should have both consumer and commercial (R.E. or Ag) lending and collection back ground at management levels to qualify. 43 week annual contract. Business Education helpful but degree not re quired. Salary commensurate w ith experience. Send re sume to: Vernon R. Maack, Director, Alexandria Area Vocational-Technical Institute, 1601 Jefferson Street, Alexandria, MN 56308. (PA) AG LOAN OFFICER— progressive bank group looking for ag lender in $65 m illion bank in Boone, IA. Prefer 5-10 years banking experience. Salary commensurate w ith ex perience. Send resume to Jack Ayres, P.O. Box 486, Belle vue, NE 68005. (PA) Loan Manager fo r major Arkansas Branch in resort area re quires real estate and commercial lending experience.... ...........................................................................Salary $35,000 Commercial Lender for suburban Twin Cities bank.............. ...........................................................................Salary $30,000 BANKING Walt Heyne, Dunhill of Fayetteville Box 1570, Rogers, Arkansas 72756 Phone: 501/636-8578 Financial Careers Executive w ith proven a dm inistration and lending background needed by major Iowa bank. Salary to $60,000 Sr. Lender for Southern Minnesota multi-bank holding com pany bank must be experienced in commercial, ag, and retail lending................................................Salary to $36,000 Ag Lender for Northern Iowa community bank. Requires two or more years experience plus degree. Excellent opportunity in county seat tow n.................................... Salary to $29,000 Ag Lender for Central Iowa bank. Salary range is open, depending on experience. Nice community and working con ditions.................................................................... Salary open Commercial Lender for major bank in Eastern North Dakota. Requires degree and minimum of two years experience........ .......................................................................Salary to $30,000 Commercial Lender with minimum of three years experience for Southern Wisconsin bank of $90 m illion ........................... .......................................................................Salary $35,000 + Commercial Lender for multi-bank holding company bank in Iowa. Requires 5 years experience. Leads to Dept. Head. . . . ...........................................................................Salary $35,000 We have many other positions available. Write or call Malcolm Freeland in confidence c/o Freeland Financial Ser vice, Inc., 1032 Carriers Bldg., Des Moines, la. 50309. Phone (515) 282-6462. Employer pay fee. SKI THE SUMMIT One, two and three bedroom units for sale or rent. Most with hot tubs. Phone 1-800/922-2590. Dwayne Smith PARADISE PROPERTIES Box S Dillon, Colorado 80435 EDDIE A. WOLF B A N K IN G P LA CE M EN TS “ Successful Banking is Quality Personnel” Eighteen years banking experience serving as president of rural and metropolitan banks enables me to find the “ right” banking position for you as a banker or the “ right” officer for your bank. FOR SALE 72" x 36” Early American Desk, 3 years old Traditional Stand-Oak Finish Sug. Retail $3,500.00 Arm Chair Br. Leather, Button Tufted, Traditional Wing Back Swivel Sug. Retail $1,200.00 Excellent cond itio na l ,800.00 Total Both FIRST NATIONAL BANK, G.C. Hunke, Chmn. 142 So. Main St. West Point, NE 88788 Phone 402/372-2488 LOAN OFFICER/CASHIER—for $24 m illion bank in NE Iowa. Good opportunity and working conditions in a new facility. Experience desired. Write file WAG, c/o North western Banker. (PA) ATTENTION APPLE II USERS Regulation D - C.R.R. B A N K S FOR SA LE B A N K O W N E R SH IP C H A N G E S —Our Specialty— The Apple II C.R.R. calculation program the Fed is providing, requires an 80 column text card to operate in your Apple II. We have a supply on hand. Call Gayla for more information. SELLERS - if you already have a buyer for your stock and there is a question of whether or not it is a fair price - we can make an independent ap praisal. BUYERS - if you are about to purchase controll ing interest in a bank and there is a question of whether or not it is a fair price -we can make an in dependent appraisal. Those wishing to buy or sell - we can do the job for you if you are serious. . CROWN BANKING SERVICES 325 W. Prospect Avenue Mt. Prospect, Illinois 60056 (312) 392-5151 Financial Systems, Inc. Phone (308) 237-5995 czHoLctzi a n d cd h iioeL atzi Bank Consultants Specializing in Bank Acquisitions P.O. Box 450 515-232-0814 405 Main Ames, Iowa 50010 D o n a l d E. H o l d e r , Principal TO N -S C H O O L E R In AND 0 ASSOCIATES 2508 East Meadow • Springfield, Missouri 65804 417/882-2265 COMPLETELY CONFIDENTIAL “ Employment Service” POSITIONS A V A IL A B L E SECOND OFFICER - $40MM suburban bank affiliated with holding company. Requires solid commercial loan back ground with emphasis on technical skills. $36K AG/INSTL. LOAN - handle general lending duties for $45MM rural bank. Position does require some agri-loan experience. $20K INSTAL. LOAN - manage $6MM instal. loan dept, for subur ban bank and assume some commercial loan duties. $25K COMMERCIAL LOAN - large com munity bank seeks addi tion to staff. Prefer formal credit analysis training and 2-3 yrs. lending experience. $28K AGRI-LOAN • manage ag portfolio and some commercial credits for $30MM rural bank. Close to large metro area. $30K REAL ESTATE LOAN - district manager for medium size S&L. Thorough knowledge of all real estate loan areas and previous administrative experience desired. $40K To discuss these or other opportunities, contact: TOM H A G A N & A S SO C IA T E S P.O. Box 12346 - 2024 Swift North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry Since 1970” Vol. 12 No. 42 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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