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Vol. 11 No. 42 February 7,1983 Des Moines, Iowa Iowa News Fed Econom ists See Steady Gains HE NATION’S economy is ex T pected to show slow but steady improvement during 1983, accor ding to an article in the Federal Reserve Bank of Kansas City’s Economic Review. The article was written by the Reserve Bank’s vice president and senior economist, Dr. J.A. Cacy, vice president and economic adviser Dr. Glenn H. Miller Jr. and research associate Diane Seibert. “The elements primarily responsi ble for providing the environment in which expansion can be sustained are continuing disinflation and re cently lower interest rates,” the authors say. With these forces in place, in creased strength—mainly in the con sumer sector—can be expected to put the economy on the path to moderate growth. Looking back over 1982, the au thors note that the recession which began in August 1981 still gripped the economy: real GNP declined dur ing the first three quarters of the year, and probably declined in the fourth quarter as well. GNP growth for the coming year—expected to be near the economy’s long-run trend rate of 3 to 4 per cent—will not soon reverse the recession’s impact on unemployment. “At the same time,” the authors say, “continued slack in the econ omy during a modest expansion promises to keep downward pres sure on inflation.’’ The aim of monetary policy in the new year, they said, will be to pro vide money and credit adequate to support a modest recovery, consis tent with an expected further de cline in inflation. □ Nebraska News ATKINSON: At the First National Bank, two promotions were recently announced. Daniel L. Kramer, previ ously executive vice president, has been named president. He succeeds Lawrence J. Kramer, who retired December 31, 1982. David L. Draeger was promoted to assistant vice president. MADRID: Mel Adams, chairman and president of Security State Bank, has announced the promo tions of John A. Kreuscher to ex ecutive vice president and cashier, and Jack R. Kurkowski to assistant cashier/loan officer. Mr. Kruescher and Mr. Kurkowski also serve on the bank’s board of directors. OMAHA: Lee J. Bachand has been named senior vice president and David F. Malone has been elected vice president at United States Na tional Bank. DAVENPORT: David A. Shem has resigned as president, chief execu tive officer and a director of First Trust and Savings Bank. He has not announced his future plans at this time. DES MOINES: Kenneth M. Myers, president, United Central Bancshares, has announced the election of Oliver H. Hagen as executive vice president and a member of the sen ior management group. He will serve as chief credit officer of the holding company for the 12 member banks and two non-bank subsidiaries. Mr. Hagen, 50, has been president and chief executive officer of First Bank of North Dakota, N.A., Fargo, since 1980. He will assume his new posi tion March 1. DES MOINES: Funeral services were held February 3 for Wayne Liljegren, 60, executive director of the Iowa College Foundation. Mr. Liljegren died of a heart attack during his sleep at home during the night of January 30. Survivors include his wife, Mary, at their home at 3200 48th Place, Des Moines 50310 DES MOINES: Directors of Hawkeye Bancorporation have elected Stephan L. Jones as senior vice pres ident of corporate development. Mr. Jones has been vice president of financial relations for Hawkeye and ASK TERRY MARTIN to make MNB work for you. Toil free: 1-800-332-5991 Merchants National Bank isi Member F.D.I.C. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A ‘BANKS OF IOWA' BANK Bankers Available Bankers Needed See fu ll page insert in the next issue of N orthwestern B anker N ewsletter Benue Kersey first in Iowa. Jan Townsend Collections A n Affiliate o f N o rth w e st B a n c o rp o ra tio n M em b e r F D IC has been with the company 10 years. Also at Hawkeye, Steven B. Barger, assistant vice president and director of sales and marketing, was advanced to vice president. WEST DES MOINES: Hawkeye Bancorporation has offered to buy control of the West Des Moines State Bank after a representative of the Chase family, which owns about 58% of the 144,000 shares, asked Hawkeye to bid. Hawkeye has of fered two times book, or $161.50 a share for the $100 million deposit bank. David L. Miller, who has been president of the bank since 1968 when it had $9 million deposits, said he “was not aware" the offer had been made. The offer expires March 1. I Banco Call (515) 245-3131 or toll-free (800) 362-2514 Minnesota News MINNEAPOLIS: Northwest Bancorporation has elected Kenneth R. Murray to the new position of ex ecutive vice president and manager of its commercial banking group. Since July, 1981, Mr. Murray has been executive vice president and head of corporate banking at BancOhio, Columbus, where he also was in charge of asset liability manage ment. MINNEAPOLIS: Virgil M. Dissmeyer, executive vice president and head of operations at Northwestern National Bank, has been elected ex ecutive vice president and corpora tion operations officer of Northwest Computer Services, Inc. He will con U.S. CHECK BOOK COMPANY WELCOMES YOU TO Iowa Bankers Group 11 Annual Meeting February 20-21, Burlington Visit us in our hospitality room at The Holiday — Room 106 Ed Batchelder 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 Count on Ken Roeder. For the best in ag overline, data process ing and cash management services, along with expert advice and guidance, call Security Correspondent Bank Officer Ken Roeder at 712/277-6554. SECURITY NATIONAL BANK https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis for more inform ation. Sioux City, Iow a 51101 M em ber F.D.I.C. NATIONWIDE BCjnCAREERS, INC. ■J THE ORIGINAL AGRICULTURAL RECRUITER tinue as head of operations for the bank until a successor is named. North Dakota News CANDO: Terence M. Zeltinger has been elected president and chief ex ecutive officer of Towner Country State Bank following the resigna tion of Morris D. Carlson. Mr. Zel tinger formerly was the vice presi dent of First National Bank in Grand Forks. Recently elected to the board were: Mr. Zeltinger, Terry J. Jorde and Robert A. Spencer. FARGO: George W. Schwartz re cently resigned as president of First National Bank. Mr. Schwartz joined the bank in 1967 and was elected president and chief executive officer in 1974. Daniel G. Beck has been ap pointed to serve as chairman and chief executive officer until a new president is named. The bank also announced the appointment of Dar ryl Lutovsky to vice president/ manager ag loans and manager of the West Bank location. MAND AN: James E. Noonan has been elected chairman of the board and chief executive officer of First Northwestern Bank and has been succeeded as president by Gary A. Flaa. Mr. Noonan has been with the bank since 1960 and its president since 1972. Mr. Flaa, who was senior vice president in charge of com mercial lending, joined the bank in 1976. Management Opportunities Mid-level and top management positions open in agricultural lend ing with Production Credit Associ ations in Kansas, Oklahoma, Colorado and New Mexico. Ag loan experience desirable. Send resume to: Production Credit Associations c /o Bob Broeckelman Federal Intermediate Credit Bank of Wichita Suite 420-N 151 North Main Wichita, KS 67202 AN EQUAL OPPORTUNITY EMPLOYER M FH utton One Carriers Building Des Moines, Iowa 50309 Telephone: (515) 243-1203 We own and offer subject to prior sale and change in price and subject to our attorney’s approving opinion: S&P: AAA (AMBAC) • $1,930,000 POSTVILLE COMMUNITY SCHOOL DISTRICT, IOWA School Building Bonds • DATED: February 1, 1983 DENOMINATION: $5,000 Both principal and semiannual interest (June 1 and December 1; first coupon due December 1, 1983) payable at the office of the School Treasurer, Postville, Iowa. IN THE OPINION OF COUNSEL INTEREST ON THESE BONDS IS EXEMPT FROM ALL PRESENT FEDERAL INCOME TAXES. i ft ft MATURITIES $ 35,000 10.30% June 1, 1984 $ 40,000 45,000 50,000 55,000 60,000 70,000 75,000 11.00% June 1, 1985 June 1, 1986 June 1, 1987 June 1, 1988 June 1, 1 9 8 ^ June 1, 1990* June 1, 1991 $ 85,000 8.00% June 1, 1992 $ 90,000 8.20% June 1, 1993 $100,000 8.40% June 1, 1994 5.25 5.75 6.25 6.75 7.00 7.25 7.50 7.75 $110,000 8.60% June 1, 1995* 8.60 $120,000 8.80% June 1, 1996* 8.80 Q nn% 8.00 $130,000 June 1, 1997* 9.00 $145,000 9.10% June 1, 1998* 9.15 $155,000 9.30% June 1, 1999* 9.30 $170,000 9.40% June 1, 2000* 9.40 $190,000 205,000 91/2% June 1, 2001* June 1, 2002* 9.50 9.60 8.20 8.40 ‘ Callable June 1, 1994 in inverse numerical order at par plus accrued interest to date of call plus a premium of $15.00 per $1,000. LEGALITY TO BE APPROVED BY AHLERS, COONEY DORWEILER, HAYNIE & SMITH, ATTORNEYS, DES MOINES, IOWA. ^ ^ The Postville Community School District is located in northeastern Iowa. The District includes within its 119 square miles, the cities of Postville and Castalia. Transportation facilities are provided by the Chicago and Northwestern, Milwaukee, St. Paul and Pacific Railroads; U.S. Highways 18 and 52; Iowa Highway 51 and an excellent network of paved county roads. The District lies nearly equal distance to the cities of Mason City, Waterloo and Dubuque, offering commercial airline service. Agriculture is a major part of the economy and includes such products as corn, soybeans and oats. Some of the largest employers located in the District include: Iowa Turkey Products, Inc.; Norplex Division of UOR Inc.; Good Samaritan Center and Allamakee Clayton R.E.C. Continuing education centers within commuting distance include Upper Iowa University, Fayette; Luther College, Decorah and Area I Northeast Iowa Vocational-Technical School located in Calmar. The School District, which includes Postville Junior-Senior High and Cora B. Darling (K-7), employs 72 people. There are two banks within the District and at year-end 1982 they reported combined deposits of $38,975,000. These bonds are being issued to defray the costs incurred with an addition to the Junior-Senior High School Building for athletic, academic and administrative facilities as well as a shop addition. FINANCIAL STATEMENT Actual Valuation, 1981 Assessed Valuation, 1981 Net Direct Debt, including this issue Net Direct Overlapping and Underlying Debt Population, 1983 estimate: 5,000 Net Direct Debt: $386.00 per capita Combined Net Debt: $496.63 per capita $99,122,506.00 83,815,967.00 1,930,000.00 2,483,128.00 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 are based. Bonds of particular m aturity may or may not s till 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 2-7-83 Group 11 W ill M eet at The H oliday in Burlington February 20 and 21 EMBERS of Group l l of the M Iowa Bankers Association will meet at The Holiday in Burlington Sunday and Monday, February 20 and 21. William A. Logan, presi d e n t of The S ta te C entral Savings Bank, K eokuk, and c h a irm a n of Group 11, will preside. Secre tary of Group 11 is John F. O’Neill, W.A. LOGAN chairm an and president of the First National Bank in Burlington. Mr. O’Neill is slated to move up to chairman at the bien nial election at this meeting. The Holiday is located at the junction of Highways 34 and 61. Registration begins as usual on Sunday, February 20 at 4:00 p.m., followed by the poolside social hour, then dinner in the adjoining ball room, and dancing. The business session begins the next morning at 10:00 a.m. The luncheon speaker will be Sharm Sherman, former Univer sity of Iowa basketball coach and now a sports broadcaster for the “Voice of Iowa TV,” which broad casts U of I basketball games throughout the season for a state wide Iowa network. Sharm Sherman and Bill Logan were teammates at Iowa. J.F. O’NEILL N. MILNER L.C. PIKE T.H. HUSTON Sunday, February 20 P.M. 4:00 R egistration—The Holiday Poolside. 5:30 Social Hour—Poolside. 7:00 B u ffet D in n e r—B a n q u e t Room. 8:30 Dancing to 11:30 p.m. Monday, February 21 A.M. 10:00 Business Meeting—The Holi day. Presiding—William Logan, chairman, Group 11 Report of Nominating Com mittee. Minutes: John F. O’Neill, Secretary, Group 11. Guests: L.C. “Bud” Pike, president, Iowa Bankers As sociation and p resid en t, Farmers Savings Bank, Grun dy Center; Thomas H. Hus ton, Iowa Superintendent of banking; Neil Milner, exec utive vice president, Iowa Bankers Association. P.M. 19:30 Luncheon—Holiday Inn. Speaker: Sharm Sherman, “Voice of Iowa TV” sports broadcaster. □ Welcome to Our Group Meeting BURLINGTON M onday, February 21 Headquarters and Registration at TH E H O 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 WITH 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 “FARM TAX SAVER is e q u a l to th e K ip lin g e r Tax L e tte r w h ich c o s t m e $ 4 2 p e r y e a r / 9 J. B. - Wisconsin “FARM TAX SAVER lo o k s lik e a m o s t p r a c ti c a l a n d u se fu l n e w s le tte r f o r b o th ta x e s a n d e s ta te p la n n in g M. A. - Kansas “G e t m o re m a il th a n I c a re to re a d n o w . Too m u ch r e p e titio n . I r e a d it a n d c h a n g e d m y m in d .99 V. A. - Kentucky Farm Tax Saver is a monthly newsletter to keep your customers informed on • tax changes • e sta te planning updates • how gifts can slash your e sta te taxes • m ore tax savings on machinery • pay your children fo r work they do • avoid pitfalls o f jo in t tenancy on the farm ow nership Order the Farm Tax Saver monthly newslet ter today and for every copy you order, we will supply FREE a new booklet “Estate Plan ning for Farm Families, Revised”. This is the booklet that covers in detail what the new tax and estate planning under the Economic Recovery Act of 1981 signed by President^ Reagan and how it will affect your clients. ^ □ Yes, Send Me A Complimentary Subscription For Three Months. No Obligation • ‘Estate r>, ft» *¿9» N am e................................................................................. B a n k .................................................T itle ..................... □ Yes, Contact Me Address.......................................................................Zip https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Phone Supplement to Northwestern Banker Newsletter 2-7-83 PAYMENT IN KIND ' Bring your customers up-to-date on “PAYMENT IN KIND”. FARM PROGRESS PUBLICATIONS® has just published a four-page in-depth analysis of the recently announced “PAYMENT IN KIND” program. 9 It explains in simple terms P.I.K. It compares different options, reviews storage problems, plus much more in this jam-packed informative four-page special newsletter. q Order today — We will ship to you tomorrow under the following price schedule: Price Per Copy Quantity $.25 $.18 $.095 0-500 501 - 1,000 1,001 - 10,000 * Either mail in the enclosed coupon or call James Coyne today at 312-323-3800 with your order. JL NO POSTAGE NECESSARY IF MAILED IN THE UNITED STATES BUSINESS REPLY MAIL FIR ST C LA S S P E R M IT NO. 279 DES M O IN E S , IO W A P O S TAG E W IL L BE PA ID BY Farm Tax Saver A Farm Progress Publication 2001 Spring Road Oak Brook, Illinois 60521 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis CALL ON THE “PERFORM ANCE TEA M ” IIHIIIHII where com m on transactions are handled uncommonly well. FIRST NATIONAL LINCOLN 13th & M Street • Lincoln, Nebraska 68501 « Member, F.D.I.C. cd io id ex and. cz/f’is.ocL ats.i Bank Consultants Specializing in Bank Acquisitions P.O. Box 450 515-232-0814 405 Main Ames, Iowa 50010 D o nald E. Ho lder, Principal Illinois News The internationally acclaimed sales and marketing team of Murray Raphel and Ray Considine will be the main attraction at the Illinois Bankers Association’s 31st annual marketing conference at the Mar riott Pavilion Hotel in St. Louis, February 23 and 24. The conference will be in the style of a Roman Forum called “Quest To Be Best.” The program schedule follows: Wednesday, February 23 A.M. 8:00 Registration. 9:00 First General Session. Pre siding: Conference Committee Chairman Cheryl Dawson, as sistant vice president, Farmer City State Bank. “View of Banking in the Financial M arketplace” — Rayburn S. Dezember, chair man and president, American National Bank, Bakersfield, Calif. 9:45 “Financial Planning: A New Product”—John H. Hamby, Jr., president, Glastonbury Bank & Trust Co., Glaston bury, Conn. 10:30 Coffee Break. 10:45 “ M arket Segm entation” — Estate Appraisals Purchase of Collections Sale of Rare Coins R e lia b le a n d re s p e c te d s e rv ic e fo r o v e r 20 y e a rs Smith Brookhart, president, Centerre Bank of Branson, Mo. 11:30 Reception. P.M. Noon Luncheon. 2:00 “Quest To Be Best” Presiding: A1 Blasco, vice president, Union National Bank of Streator. Murray Raphel, Murray Raphel Ad vertising, Atlantic City, N.J. Ray Considine, Considine & Associates, Pasadena, Calif. 3:00 “Anatomy of An Ad” 3:45 Break. 4:00 “Before and After Ads” 5:00 Complimentary Reception. 6:15 Optional Dinner Meeting. Thursday, February 24 A.M. 8:00 Registration. 8:30 Second General Session. “ Creative Court” —Murray and Ray. 9:45 Coffee Break. 10:00 “Telephone Marketing” 10:30 “ Direct M arketing—Dollar for Dollar it’s The Best” 11:30 “Quest To Be Best” Reprise. 11:45 Conference Adjourns. Thinking about selling your bank? C o nsu lt w ith Homer Jensen or Dick Buenneke Over 50 years’ banking experience No fee to seller 1031 C arriers B uilding Des M oines, Iowa 50309 Phone: 515-243-7434 State Bank, announced that Jeffrey R. Fuechsel has been promoted to senior vice president in charge of loan administration. South Dakota News The Federal Reserve Bank of Min neapolis has announced approval of the application by South Dakota Bancorp, Inc., Minneapolis, to be come a bank holding company through the acquisition of the Big Stone State Bank, Big Stone City; Farmers and Merchants Bank of Huron, and State Bank, Milbank. In addition, the application was ap proved for Dakota Company Inc., Minneapolis, to acquire South Dakota Bancorp, Inc. Wyoming News CASPER: Allan MacDonald has been named a vice president and David R. Johnson has been elected Montana News to the board of directors of First Wyoming Bank-Casper. Mr. Mac GREAT FALLS: William C. Parker Donald joined the bank last Novem has been promoted to senior vice ber and is presently in charge of all president, loan administration and real estate lending. Mr. Johnson is Robert L. Robbins has been pro chairman, president and CEO of moted to vice president/chief finan cial officer at First Interstate Bank First Wyoming Bancorporation. of Great Falls, according to C.E. JACKSON HOLE: W. Richard Pedersen, president and chief ex Scarlett, president of The Jackson ecutive officer. An important new profit center for your bank: U sed by b a n k e rs t h r o u g h o u t t h e m id w e s t Ben E . Marlenee Coins 913 Locust Des Moines, Iowa 50309 515-243-8064 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Contact: Leroy Bell or Milt Hennlck a computerized local billing/credit service m w m w m 319-291-5412 N a tio n a l B an k o f W a te rlo o 315 East 5th St. • Waterloo, IA 50704 Membe(FeaerelReser>es,SKmFDIC —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 POSITIONS AVAILABLE President for eastern Iowa community bank. .Salary Open Loan Review Specialist for Illinois banking group, located In northern Illin o is .................................... Salary to $40,000 Auditor/Loan Review person fo r $150 m illion midwest b a n k .............................................................Salary to $28,000 Ag Representative for central Iowa bank. Requires tw o or more years expe rie nce .............................Salary to $28,000 Commercial Lender for southeast Iowa bank. Requires three years e xpe rie nce .............................Salary to $38,000 Operatlons/Cashler position in northwest Iowa community b a n k .............................................................Salary to $28,000 POSITIONS AVAILABLE BANKERS AVAILABLE All positions are in Missouri, Iowa, Kansas, Arkansas or Oklahoma Head of Lending and Country Bank $30,000 #2 Man, head of commercial loans in $70mm + bank $45,000 Chief Financial Officer for large holding company To $60,000 Commercial Vice President, metro area $48,000 + bonus President, new charter, small town $35,000 + car Ag Lender/VIce President, $50mm bank $30,000 CEO running $30 m illion high performance bank seeks new o p p o rtu n ity .........................................................$50,000 President, $20mm rural bank $32,500 + car President, $15mm bank, small town near city $35,000+ bonus Auditor, $25mm bank, small town near c ity $18,000 President, $8mm bank, small town $35,000 to $40,000 Positions available change as more openings become avail able or as positions are filled. If you are interested in making an advancement or change in your present situation, as a candidate registered w ith me, you w ill be informed as posi tions come available that would appeal to you based on what YOU want in a bank, in salary, in location, and in size of town or city. I do not reveal your name to a client bank un til you are interested in interviewing. Eighteen years of banking service as President o f both rural and metropolitan banks enables me to find the right bank ing environment for you. Phone or send resume to: Don W. Schooler, 901 A. West Jackson, Ozark, Missouri 65721. Phone (417) 485-6020. Ag Lending/lnsurance position in northwest Iowa bank near Lakes a re a ...................................................Salary open Individual wants to acquire Iowa or Nebraska bank. Con tact Mike Keim at Thurman State Bank, Iowa, or phone 402/397-5161. Replies held In confidence. (WTB) 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. SENIOR OPERATIONS OFFICER ft CASHIER needed for $75 m illion bank in South Dakota. Position reports to President. W rite file SBN, c/o Northwestern Banker. (PA) COMMERCIAL LENDER for $75 m illion independent bank in South Dakota college community. W ill be member of senior management team. Write file SBO, c/o Northwest ern Banker. (PA) OPERATIONS OFFICER— Immediate opening as a cashier o f $14 m illion southern Minnesota bank. 3-5 years bank operations experience necessary. Good background in ac counting, micro-computers, and farming are important. Reply to file SBR, c/o Northwestern Banker. (PA) SENIOR OFFICER— Progressive $50 m illion central Iowa independent bank has an opening for experienced second person. Applicant must have 7-10 years operations, ag, and commercial loan background. Salary compensated with ex perience. Write file SBQ, c/o Northwestern Banker. (PA) AUDITOR—CPA w ith 2 years experience. Data processing background would be helpful. $250 million bank in NE Iowa. Send resume to file SBI, c/o Northwestern Banker. (PA) LOAN OFFICER for $18 m illion bank in north-central Il linois. Manage loan portfolio. 3-5 years experience need ed. Send resume to file SBJ, c/o Northwestern Banker. (PA) AG LOAN OFFICER needed in a $17 m illion east-central Nebraska bank. Prefer farm background w ith a degree and Insurance licenses. Salary open. Send resume to file SBL, c/o Northwestern Banker. (PA) 4-5 years experience in AG LENDING to head up depart ment in mid-sized central Iowa bank. Ag degree preferred. W rite file SBM, c/o Northwestern Banker. (PA) PRESIDENTIAL POSITION in $13million central South Dakota bank. Salary open. Send resume by February 21st to Executive Committee. File ASB, Box 1178, Pierre, South Dakota 57501. (PA) Number Two Man w ith excellent track record in $45 m illion b a n k ............................................................................. $40,000 Operatlons/Marketlng specialist in $125 m illion b a n k ___ ..................................................................................... $38,000 Cashier in $30 m illion 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 deg re e ........................ $30,000 Ag Lender w ith Iowa State degree and three years w ith PCA ............................................................................. $26,000 Installment Lender who heads dept, in $50 m illion bank .. ............................................................................... Salary Neg. FOR SALE FOR LEASE PORTABLE DRIVE-UP UNIT—8 ' x 12', complete. Good airconditioning and heat. Available now. Contact Drommer Leasing, 401 Queens Court, Sioux City, Iowa 51104. Phone 712/239-2315. (FL) POSITION AVAILABLE INSTALLMENT LOAN OFFICER— Experience necessary, preferably bank. Desirable central Iowa location. W rite file SBP, c/o Northwestern Banker. (PA) Commercial Lender serving in senior capacity desires Il linois or eastern Iowa lo c a tio n ................................ $38,000 BOARD ROOM TABLE AND CHAIRS— 10' walnut drop edge table w ith a laminated inlay in excellent condition. 8 Board Chairs, good condition. A. McClure, 1st Nat’l. Bank, West Point, NE 68788. Phone 402/372-2488. (FS) Ag Lender position fo r bank near Des Moines. Some knowledge of operations a p lu s .................. Salary $25,000 COMMERCIAL LENDING OFFICER— Progressive $33 mil lion southeastern Nebraska bank has an opening for ex perienced commercial loan officer. Salary commensurate w ith experience. Write file SBG, c/o Northwestern Banker. _______________________________________________ (PA) Commercial Lender w ith 10 years experience, specializing in accounts receivable, inventories and commercial real e s ta te ................................................................... Salary Neg. 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. Number Two Person for southeast Iowa community bank. Operations experience required................... Salary $27,000 Operations position for North Dakota bank... located in great hunting and fishing a re a .................... Salary $22,000 Senor Ag Lender making ag loans in excess of one m illion, on over 15 years of experience in a major com m unity bank ............................................................................... Salary Neg. Operatlons/Audltor for major holding company seeks new o p p o rtu n ity ............ .. , .............................................. $25,000 Ag Representative for northwest Iowa. Requires a min imum o f one year’s expe rie nce .................... Salary $22,000 Ag Representative for bank in major Iowa college town . . . ............................................................................... Salary open CEO w ith experience running banks from $20 to $60 m illion .........................................................................$45,000 SENIOR OPERATIONS OFFICER OR CASHIER; 13 years management experience in all phases of bank operations. Team player w ith positive attitude. W illing to relocate. Contact: John Cromwell, 1315 Fioweree St., Helena, Mont. 59601. Phone 406/443-5722. (PW) COLORADO MIDWINTER MANAGEMENT CONFERENCE If you’re interested in arriving early or staying late, call me Toll Free: FOR SALE OR ASSUME LEASE 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 (FSorL) POSITIONS AVAILABLE DWAYNE SMITH Phone 1-800/922-2590 Paradise Properties, Box S Dllllon, CO 80435 PRESIDENT—small com m unity bank located in north cen tral state. Prefer experience as CEO and excellent com munication skills. $40,000 REDUCED RATES AGRI-LOAN—manage Ag Dept, o f $50MM bank. Public relations and marketing skills required. $30,000 INVESTMENT MANAGER The Federal Home Loan Bank of Des Moines is seeking an individual to manage its member in vestment service that is marketed to savings and loan associations in a five state area. Respon sibilitie s include buying and selling various types of money market and fixed income securities, in cluding mortgage-backed securities. Also include overseeing a m ulti-billion dollar safekeeping operation. Candidates should have a business degree and a thorough knowledge of the fixed income secur ities market. We offer a com petitive starting salary and an ex cellent benefits package. Send resume to the at tention of: Dolores Monroe, Director of Personnel, 907 Walnut, Des Moines, Iowa 50309. All replies confidential. (PA) CEO—bank o f $50MM located in medium size com m unity. Adm inistrative background and com m ercial lending ex perience a must. $45,000 OPERATIONS—management position w ith $30MM rural bank. Prefer Accounting Degree and knowledge of m ini computer systems. $28,000 CASHIER—rural Iowa bank. Primarily operational duties with some Ag lending responsibilities. $25,000 PRESIDENT—country bank located w ithin 30 miles of larger city. Agri loan and operations experience desired. $35,000 COMMERCIAL LOAN—$80MM com m unity bank w ith op portunity for advancement. Requires 3-5 yrs. experience. $30,000 Resume and salary requirements requested. TOM HAGAN & ASSOCIATES of Kansas City 2024 Sw ift - Box 12346 North Kansas City, MO 64116 816/474-6874 “Serving the Banking Industry Since 1970” Vol. 11 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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