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• Vol. 10 No. 42 February 8,1982 Des Moines, Iowa A B A Presses for Rate Deregulation ® • ^ # TP H E A B A a d d r e s s e d th e I following letter on January 26 to Treasury Secretary Donald T. Regan from Willis W. Alexander, A B A executive vice president: January 26, 1982 The Honorable Donald T. Regan Department of the Treasury 15th and Pennsylvania Avenue, NW Last week, assets of those money Washington, DC market mutual funds open to con sumers soared about $1.59 billion. Dear Mr. Secretary: The industry as a whole registered Commercial banks and their special about a $1.4 billion increase and ized thrift counterparts must have reached a record total of $188.14 new deposit tools to offer rates of billion. return competitive with those of fered by money market mutual Several months ago, the assets of M ^ • funds. If these new deposit tools fail to materialize soon, many deposi tory institutions may find it im possible to catch up in the com petitive race with the money market funds in the years ahead. The unfair handicap the Federal government imposes on depository institutions grows heavier every day. Actual and projected market share of interest bearing consumer-type accounts at all depository institutions and money market funds Top: Actual/projected depository institution market share Bottom: Actual/projected money market fund market share the funds surpassed the total assets of a major component of the finan cial services industry, the mutual savings banks. Why were the funds able to amass a larger financial base in just a few years than the savings banks built in more than a century? Is it no accident that the unreg ulated funds grow, while thrift in stitutions, constrained by Federal controls, watch their financial base disintegrate? Enclosed you will find a projection of the market share of consumertype, interest-yielding accounts held by depository institutions and mon ey market funds. This highly conser vative projection shows that the funds will hold 25 percent of this market in 1986 if no new competi tive tools are forthcoming, if in terest rates maintain their course, and if historical growth trends con tinue. In other words, if the Federal government fails to restore competi tion, depository institutions will be forced, at best, to sacrifice a quarter of this market by 1986 — money needed to finance local agriculture, homebuilding, and other important sectors of the economy. Does the Federal government really want to force depository institutions down this ever-narrowing road? Is a graph really needed to see that de pository institutions and money market mutual funds are on a colli sion course? As a staunch supporter of the President’s economic plan, the CALL ON THE “PERFORM ANCE TEAM ” • • wherecommon transactions arehandleduncommonly well. • https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 13th & M Street • ■ H um 1 FIRST NATIONAL LINCOLN Lincoln, Nebraska 68501 • Member, F.D.I.C. 2 Teamwork: One of the reasons we’re \ first in Iowa. IOWA nesivtoines F IN A N C IA L SP EC IALIST IN TH E T W IN C ITIE S A R E A Call Bruce Meyer • 612/835-4466 7625 Metro Blvd., Suite 350 • Minneapolis, MN 55435 RECRUITERS M itc h C h ris te n s e n E le c tro n ic B an kin g » An Affiliate of Northwest Bancorporatiori M B NATIONAL BANK Mem ber FDiC BANCO Call (515) 245-3131 or toll-free (800) 36 2-25 14 nation’s banking community be Manhattan Corporation, New York. lieves that substantive progress First’s Travelers Cheques Eire sold must be made toward deregulation through more than 5,000 outlets before the economy can return to worldwide, with annual sales ex health. The Depository Institutions ceeding $500 million. This should Deregulation Committee must begin boost Chase’ s V IS A Travelers deregulating deposit interest rates Cheques outlets to about 10,000 no later than March 22. worldwide, bringing in about $1 billion in annual sales, placing it in Sincerely, contention with Barclays as the top (Signed) V ISA Travelers Cheque issuer. Last Willis W. Alexander summer First Chicago Corporation agreed to purchase the $600 million First Chicago Will Sell credit card portfolio of Bankers T.C. Business to Chase Trust Company, New York, which is First Chicago Corporation has getting out of the retail banking signed an agreement to sell the business. Barry F. Sullivan, chair assets of First Chicago Cheque Cor man of First Chicago, said his com poration — its V ISA Travelers pany will concentrate on the credit Cheque operation — to Chase card business. ASK JOHN MANGOLD to make MNB work for you. Toll free 1- 800 - 332-5991 Merchants National Bank IS I Member F.D.I.C. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis N a tio n w id e The Search and Recruiting Specialists ‘SSêàSmSi Linda Collins a ™ Curtis State Bank. He joined the # bank in June, 1981. D E W I T T : B e t t y G reen and Franklin Hunter have been named v.p. of First Central State Bank. ^ DUBUQUE: American Trust & Sav ings Bank has promoted Eugene E. Hayertz and Charles J. Schrup, III to v.p. Both will continue to spe cialize in investments and retail # banking services at the bank’s downtown main location. DYERSVILLE: Harvey Robinson has been elected v.p. at Dyersville ^ National Bank and v.p. of the Farm Credit Corporation, a subsidiary of the bank. He was formerly with Farmers Savings Bank of Wever. HAZLETON: Richard C. Buenneke, # v.p. of the Maynard Savings Bank, has been elected manager of the bank’s Hazleton office. He has been with the bank nine years. • HUMBOLDT: First Investors Ser vice, Inc., and Joe W. Dodgen, pres., have announced the sale of their in Iowa News terest in The First National Bank of The Iowa Bankers Association Humboldt to Hawkeye Bancorpora- # will move peirt of its operations to tion, Des Moines. First National at the Brown Engineering Building, year-end had $54 million in assets. 508 10th Street. Due to construction A t the same time, First Investors of the Des Moines skywsilk system, has purchased a 51% interest in the IB A must evacuate its ground floor Livermore State Bank, also in Hum- # space in the Liberty Building. Iowa boldt County, from John and June Transfer System will occupy half Rowles of Fort Dodge. Livermore the ground floor of the Brown Bldg, State had $9 million in assets at and share the second floor with IB A year-end. Clifford Lewellyn will con accounting department. Iowa Bank tinue as pres, at First National and • ers Insurance & Services will occupy William D. Dodgen as exec, vice the fourth floor and Iowa Bankers Mortgage Co. will occupy about half Estate Appraisals the fifth floor. IB A then will occupy about 10,300 square feet in the new Purchase o f location. IB A headquarters opera Collections tions will remain at 430 Liberty Building. The print shop operations Sale o f Rare Coins and human resources offices will be R e lia b le and respected service moved on the fourth floor, and some fo r over 20 years other offices will be rearranged. AM ES: Robert O. Grathwohl was recently elected as pres, of the University Bank & Trust Company. He has been with the bank since 1979, most recently as exec. v.p. and c.o.o. A BANKS OF IOWA’ BANK CU RTIS: Mike Jorgensen has recently been elected a.v.p. of the U sed b y bankers throughout the m idw est Ben E . Marlenee Coins 913 Locust Des Moines, Iowa 50309 515-243-8064 3 • Carleton D . Beh Com pany Investment Bankers / Financial Consultants 1300 Des Moines Building / Des Moines, Iowa 50 309 515 / 288-2152 We own and offer subject to prior sale and change in price the following Pledge Orders: MATURITY YIELD TAXABLE EQUIVALENT AT 46% FREDERICKSBURG, IOWA Sewer Revenue Pledge Orders Interest: 6-1 and 12-1 9-01-82 9% 16.67 $175,000 GLENWOOD, IOWA Sewer Revenue Pledge Orders (HFA-EPA-DEQ Take Out) Interest: 6-1 and 12-1 12-01-83 9V a % 17.13 $250,000 HARLAN, IOWA Electric Revenue Pledge Orders Interest: 6-1 and 12-1 6-01-82 9% 16.67 $300,000 IOWA FALLS, IOWA Hospital Pledge Orders (G. O. Supported) Interest: 6-1 and 12-1 12-01-82 9% 16.67 $270,000 TIPTON, IOWA Electric Revenue Pledge Orders Interest: 6-1 and 12-1 6-01-82 9% 16.67 • ^ AM O U N T M U N IC IPALITY $200,000 • • • • • • IN THE OPINION OF COUNSEL INTEREST ON THESE PLEDGE ORDERS IS EXEMPT FROM ALL PRESENT FEDERAL INCOME TAXATION AND ALL PROPERTY TAXATION IN THE STATE OF IOWA. Pledge Orders are issued in accordance with the provisions of Chapter 384, Code of Iowa, 1981, as amended, to provide funds necessary for the construction of improvements to m unicipal utilities. In the opinion of counsel, Pledge Orders are subject to the first lien of outstanding debt, if any, and together with such outstanding debt are payable solely and only from the future net revenues (except where otherwise indicated) of the respective municipal utilites. 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 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 Division of Hutton & Company Inc. 4 pres. Joe Dodgen is resigning as chmn. at First National. He also an nounced that Robert L. Wilson will continue as pres, at Livermore State, and and Marie M. Wilson as vice pres, and cashier. Mr. Dodgen will be chmn. at Livermore. He said he wants to diversify his invest ments and spend more time with his other business interests, which in clude a large scale hog farrowing business. Both bank transactions await regulatory approval. IOW A CITY: Harry E. Bigger, in charge o f the real estate loan depart ment at Iowa State Bank & Trust Company, has recently been pro moted to v.p. Mr. Bigger ioined the bank in 1972. LISBON: The recent promotion of Bob Leinhart to exec. v.p. and Sue Kortemeyer to a.c. and the appoint ment of David Blakeley as ag. rep. was announced by the Lisbon Bank & Trust Company. LO VILIA: Christy Chance was GET THE COMPETITIVE EDGE over savings and loan, credit unions, etc. This “ on-premise” system gives you complete inde pendence, competitive flex ibility and control. Get tighter instantaneous reporting in every phase of yo u r o p e ra tio n . A t the sam e tim e reduce you r operating costs. A program for your every need — and m ore. The best banking system in the industry. Modern Banking System s, Inc. 6818 Grover St., Om aha, Nebraska 68106 (402) 392-0151 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis recently elected to succeed Edward T. Beary as manager of the Lovilia office of the State Bank of Bussey. Mr. Beary has retired after 20 years in that position. M ADRID: Don L. Fatka has recent ly been elected v.p. of the City State Bank. He joined the bank in 1974 and has been serving as a.v.p. Does an airline flight attendant’s ap pearance impress you? Call us today and find how your tellers can do the same to your customers. MeAjyioekk-^ CAREER APPAREL I 523 N. Main St., Carroll. Ia., 51401 712-792-2748 | RIDG EW AY: A t a recent meeting Minnesota News o f the Farmers State Bank of The Minnesota Bankers Associa Ridgeway Diane Hovden was pro tion Agricultural and Rural Devel moted to v.p. and Dennis Hovden to opment and Lending Committees cashier. are sponsoring a series of “ Lending WINTERSET: Don Bolton was re Challenges and O pportu n ities” cently elected as pres, and trust of workshops in March to replace the ficer of the Union State Bank to suc March agricultural workshops and ceed A.D. (Don) Beeler who has re April lending workshops for 1982. tired as pres. Mr. Beeler has served The joint program is designed to as pres, since 1964 and will remain reduce costs to bankers by atten on the board as a director. Also at ding one meeting instead of two. the bank Gail Leeper was advanced Arlan Tengwall, Northwestern Na to exec. v.p. and ass’t. trust officer; tional Bank, Mpls., and Wayne Ernest R. Stowell, Elmer F. Lange, LeBoeuf, Richfield Bank and Trust Jean W. Lange, Duane R. Pearson Company, are co-chairing the plan and David L. Swenning were elected ning committee. v.p.; Duane Gordon, a,v.p., and BAYPORT: First State Bank of Timothy Byrnes, cashier. Bayport has announced the promo Nebraska News COLUMBUS: Preliminary approval has been received from the Regional Administrator of National Banks, Kansas City, for chartering of Platte Valley National Bank here, with capital and surplus of $500,000 each. Kermit Wagner, owner of Wagner Mills in Schuyler, and Richard Weerts, pres, of Weerts, Boettcher Realty in Columbus, are two of the 10 organizers. A tem porary facility is expected to open by May 1 on property owned by the new bank at King Corners Site, Hwys. 81 and 30. GORDON: Tim Keller was recently promoted to v.p. at Gordon State Bank. He has been with the bank since 1979. M ARTELL: Brian K. Renz has been promoted to v.p. and director of The Martell State Bank. N EBRASK A CITY: Otoe County National Bank recently promoted Ronald H. Watton to v.p. and ag loan officer; Mary Lou Rivett to mortgage loan officer, and Jac queline A. Smith to cashier. RAVENNA: The Ravenna Bank has announced the promotion of Doug las C. King to v.p. and Alan D. Kegley to a.v.p. Both joined the bank’s staff in 1979. tion of Gregory L. Benson to v.p. in addition to his duties as manager of First State Insurance Agency, Judith A. Peterson to v.p. and cashier and Carolyn Willett to a.c. MANAGER OF LEGAL REGULATORY RELATIONS Citibank is a m ajor financial organization located in Sioux Falls, South Dakota that has one of the largest Bankcard Customer Service bases in the United States. This creates an immediate opening for a position as Manager of Legal Regulatory Relations, with respon sibility of conduction reviews of the bank and recommending actions necessary for compliance with federal laws and regulations. The position requires a B .A . degree, 2-3 years experience on Comptroller of the Currency general examination staff, knowledge in Section 12, CFR and related codes and regulations, familiarization with correct prepara tion of all federal agency reports. Interested persons should send salary history and resume to: Patricia Barber, Professional Recruiter Citibank, South Dakota, N .A. P.O. Box 6000 An equal opportunity employer M /F/V/H C IT IB A N iO (SOUTH DAKO TA), N .A . % □ I would like to sell my majority bank stock. □ I would like to buy ma jority bank stock. Single System Banking With Availability Please Contact: J. Mason Henry Charles E. Walters Co., Inc. 39 Ginger Woods Road, Valley, Nebraska 68064 Phone: (402)553-6400 CRYSTAL: Michael S. Higgins has been elected exec. v.p. and Paula M. Mitchell as consumer loan officer of Crystal State Bank. HINCKLEY: Donn Haugen has been promoted to v.p. and LaVern O ’D onovan to loan officer of Farmers & Merchants State Bank of Hinckley. MINNEAPOLIS: Fenwick C. Atwill, who joined First Bank Min neapolis in 1947, has been elected an exec. v.p. Mr. Atwill will continue as head of the cred. admin, department. MINNETONKA: First Minnetonka City State Bank in Glen Lake has promoted C. Lee Anderson to v.p. of commerical banking. REDWOOD FALLS: Roger Hebeisen has been promoted to v.p., com mercial loans; Craig Hilton to a.v.p., personal loans, and Brad Dammann, personal loan officer at First North western National Bank. Availability of funds. . . availability of people. . . responsive to your needs. National Bank of Waterloo Waterloo, Iowa 50704 Member FDIC ec. v.p. and John A. Marien to senior v.p. Illinois News STERLING: Central National Bank of Sterling recently announced the promotion of Andrew R. Cullum to exec. v.p. and dir.; James E. Dillion to senior v.p., agriculture and real estate, and William R. Hoefler and John R. Kuczynski to v.p. South Dakota News SISSETON: Bonnie Enwiller was recently elected v.p. and loan officer of First State Bank. She has been with the bank eight years. STOCKHOLM: Ray Knapp was promoted to v.p. and Michael Malimanek to a.c. at the annual stockholders meeting of Stockholm State Bank. ROCHESTER: Northwestern Na North Dakota News tional Bank of Rochester has an nounced the election of Jeffrey J. DEVILS LAKE: Joanne Durbin Setterlund to senior v.p. and chief and Goodwin Helseth have been financial officer. named v.p. and Duane Pesek, loan ST. CHARLES: Jerry Fix has re officer at First National Bank, Devils Lake. cently been elected to succeed Don Campbell as pres, of First National ELLENDALE: The Dickey County Bank in St. Charles. Mr. Fix started Bancorporation has recently re in the banking business in 1962. Mr. ceived approval from the Federal Campbell will remain on with the Reserve Board to acquire the First bank, working in various other posi National Bank and Trust Company tions. of Ellendale. ST. PAUL: Northwestern National FARGO: Jerry Just will join Fargo Bank of South St. Paul recently pro National Bank March 1 as exec, v.p., moted Anthony W. McGuire to ex- according to David D. Gordon, who W e’re people you can turn to for investments. For investment services, data processing, ag lending and overlines . . . we’ re the people you can turn to. We’re more than western Iowa’s largest bank. We’re people. Stephen J. Hatz Vice President 712/277-6526 SECURITY N A TIO N A L BANK https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis IN SIOUX CITY, IOWA. MEMBER P h o n e M ilt H e n n ic k a t 1 - 8 0 0 -7 7 2 -2 4 1 1 . was advanced at year-end to be pres ident of the bank. Mr. Just will leave his present position as v.p., North western Nat’l. Bank, Sioux City, la., to return to Fargo. He is a native of North Dakota and has served with Banco Banks in Bismarck, Fargo and Sioux City since 1961. FINLEY: Richard Solberg, pres, of the Citizens State Bank of Finley has announced that he will resign his position sometime this summer to accept a similar position with the State Bank of Fargo. Mr. Solberg joined the bank in 1970. LITCHVILLE: Gary G. Justesen was recently promoted to v.p. and cashier, and Jerald J. Johnson to a.v.p. at Litchville State Bank. VALLEY CITY: Gerald Zinck, pres, of Farmers and Merchants Bank, has announed the promotion of Charles Stowman to senior v.p. and cashier and Judy Nicholson to a.c. and auditor. Bankers; Service LOAN ACTIVITY BULLETIN Who: names of all debtors in the county recorded during the period What: name of secured party When the date the loan was filed with the Secretary of State Where: location where loan made FAST SERVICE WANT ADS P A R T IA L LIST OF A V A IL A B L E POSITIONS Rates are$5.00 per line per insertion. Add $3.00 tortile letters per insertion. Identity of file letter advertisers caiinot be revealed. FINANCIAL MANAGEMENT OFFICER— Eastern IA bank in immediate need of 4 + yrs CPA seasoned in acctg and controller type work. Assignments include financial plan ning — financial institutional bkgd a must. $25-$30K. NORTHWESTERN BANKER 306-15th Street Des Moines, Iowa 50309 _______________ Phone 515/244-8163 AG LENDER—Aggressive $100 million south central Nebraska bank searching for individual degreed in Ag Economics or finance. Must have 3 yrs Ag Lending exp. Young staff, wanting to bring some maturity aboard. $25K. COMMERCIAL LENDER— Eastern Nebraska bank near Omaha, seeks highly seasoned commercial lending ex pert. 5 + yrs exp and Ag exposure a must. $30-$35K. FOR FURTHER INFORMATION RESPOND IN CONFIDENCE TO: Thinking about selling your bank? Bank Division IIOI) O lili III! ROBERT HALF Consult with Homer Jensen or Dick Buenneke High performance midwest bank president looking for bank to purchase. Cash or contract in NE, IA, KS, or MO. Bank size $10 million to $100 million. All replies confiden tial. Write file PBJ, c/o Northwestern Banker. (WTB) FOR SALE Burroughs L6000 with general ledger and loan program. In good condition; always under service agreement. Call Gary Ferris, at 308/773-2222. (FS) Over 50 years’ banking experience No fee to seller 246 Insurance Exchange Bldg. Des Moines, Iowa 50309 Phone:515-243-7434 POSITION AVAILABLE LOAN OFFICER—Experience in installment, agriculture, and commercial lending for this growing $18 million south If you are seeking a qualified officer for your bank, we have central Nebraska bank. Some trust experience would be the top applicants in the midwest. Listed below are a few helpful. Salary open. Write file OBN, c/o Northwestern of our current applicants: Banker. (PA) CEOs with heavy ag lending exp..........................................to$50,000 “A very aggressive bank with strong growth record has a Commercial Lenders........................................................... to$32,000 position open for an officer to assume responsibility for Ag Lenders............................................................................to$25,000 the marketing activities of our bank. Opportunities available to assist in the supervision of bank operations. Generalists (Operations/Lending)..................................... to$36,000 Experience in bank marketing desirable. Looking for in Operations/Cashiers........................................................... to$28,000 dividual with leadership abilities. Complete job descrip tion and details available. Inquiries will be held confiden Installment Lenders............................................................. to$25,000 tial.” Write file PBE, c/o Northwestern Banker. (PA) Trust O fficers....................................................................... to$30,000 POSITIONS A V A IL A B L E Florida Banking opportunities for commercial tending of ficers with college degree and 3-5 years experience............ ................................................ ............................Salary open. Retail Marketing expert with knowledge of installment lending pricing of services, teller operations. Must have heavy marketing experience and college degree. Major bank in Upper Midwest....................................Salary open. Operations Person for major midwest bank. Must have ex perience in all phases of operations in larger financial in stitution.............................................................. Salary open. Commercial Lender with knowledge of account receivable financing. Twin Cities area...................... Salary to $30,000 Second Person for $20 million Minnesota bank. Opportuni ty to invest.................... ......................................Salary open. Ag Lenders needed by numerous community banks in midwest.....................................................Salary to $25,000. Commercial Lender for $150 million Illinois bank. Requires 3 to 5 years experience in bank over $50 million.................. ....................................................................Salary to $30,000 Write or call Malcolm Freeland, Freeland Financial Ser vice, Inc., 246 Insurance Exchange Bldg., Des Moines, Iowa 50309. Phone 515/282-6462. Employer pays fee. SKI THE S U M M IT !!! N e w , th re e -b e d ro o m , th re e -b a th u n its a va ila b le for s ale or rent. Each unit has its own redwood hot tub on the deck. C ontact: D w ayne S m ith Paradise Properties, P.O. Box S Dillon, C olo rado 80435 Phone: 303/468-5846 or Ann M arie Phone: 303/468-2740 A L L FEES C O M PAN Y PAID BANK PLACEMENT SPECIALISTS (Our33rdyear) Cali experienced professionals to locate the right candidate for your vacancy . . . or the right “move-up” for yourself. CORPORATE RECRUITERS MIDWEST BANKING DIVISION 202 S. 71 st Street 402/393-5515 Omaha, Nebraska 68132 ¿dfoíctsx a n d cd^i±oc.Lats.± Bank Consultants B A N K E R S A V A IL A B L E Write or call Malcolm Freeland, Freeland Financial Ser vice, Inc., 246 Insurance Exchange Bldg., Des Moines, Iowa 50309. 515/282-6462. Describe your needs, and we will assist you. Employer pays reasonable fee. W- of Iowa, Inc. 317 6th Ave. Des Moines, IA 50309 (515) 244-4414 “Position open for individual to head audit department in $55 Million N.W. Minnesota bank. Experience in bank audit or accounting required. Excellent opportunity for ag gressive person. Complete details available. Inquiries will be held confidential. Write file PBF, c/o Northwestern Banker. (PA) Small, clean, high performance South Dakota bank look ing for aggressive young man to fill second man position and to assume C.E.O. position within 2 years. Must be strong in ag loans, operations and insurance license Is desirable. Salary open. Send resume to file PBI, c/o North western Banker. All replies confidential. (PA) LOAN OFFICER for smaller suburban bank. Three to five years installment and collection experience. Other ex perience a plus. Contact Roger Petersen, VP/Sr. Ln. Off., First Nat’l Bank, P.O. Box 65010, West Des Moines, Iowa 50265.______________________________ (PA) INSURANCE AGENT— Immediate opening for an Agency Manager in Western Nebraska. Excellent opportunity. Ex perience required. Salary open. Write file PBL, c/o North western Banker. (PA) OPERATIONS OFFICER—$40 million northwestern Il linois community bank needs an operations officer with 3-5 years solid operations experience. Excellent oppor tunity in a good Fural community. Call Andy Rogers, First National Bank, Galena, Illinois 61036. Phone (815) 777-0344. (PA) B A N K IN G PLA 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. D O N -S cH O O LE R lr AND h S lJ w J ASSOCIATES 901 A. West Jackson* Ozark, Missouri 65721 417/485-6020 COMPLETELY CONFIDENTIAL _____________ “Employment Service’’_____________ Specializing in Bank Acquisitions 515-232-0814 P.O. Box 450 405 Main Ames, Iowa 50010 D o n a l d E. H o l d e r , Principal SÈRVING PROFESSIONALLY Banking, Financial & Business Personnel, Iowa and Nationwide Capital Personnel Service 714 U.C.B. B uilding, 515-283-2545 Des Moines, Iow a50309 CEO Twenty-five million dollar high performance bank in south central Minnesota. Want an aggressive individual who would like to purchase 25% owner ship. Excellent agricultural area. Send resume and financial history to file PBD, c/o Northwestern Banker. (PA) POSITIONS A V A IL A B L E TRUST OFFICER—requires trust generalist with good business development skills. Head dept, for $80MM subur ban bank. $28,000 CASHIER—small city bank needs excellent operations of ficer to join new management team. Should have ex perience with in-house mini computer systems. $25,000 COMMERCIAL LENDER—ideal situation for lender with 2 yrs. or mçre commercial experience. Would be #2 in dept, with room for advancement. $24,000 OPERATIONS OFFICER—$20MM bank located within 50 miles of major metro area. Minimum 4 yrs. solid opera tions experience in medium size bank. $25,000 SENIOR COMMERCIAL LOAN— urban $100MM bank with aggressive new business program. Promotion to Exec. VP. possible within 12 months. Degree preferred. $$Open CORRESPONDENT OFFICER—excellent opportunity for junior officer with agriloan expertise and degree. Must have some correspondent calling experience. $25,000 STAFF AUDITOR—requires accounting degree and some bank audit experience. Position is used as training area for future advancement. $16,000 To inquire, submit resume' and salary information. TOM H A G A N & A S SO C IA T E S of Kansas City P.O. Box 12346, 2024 Swift North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry Since 1970” Vol. 10 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, $15.00 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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