Full text of The Northwestern Banker : February 9, 1970, No. 1209

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Oldest Financial Journal Serving The Central and Western States

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M INNESOTA NEWS

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B E L L E PLA IN E : K evin G. Gaffney
was named pres, of State Bank fo l­
lowing the death of W. J. Gatz.
George P. Effertz, Sr., was named
v.p. R. R. Carpenter cash., and
Tyrone S. Buesgens a.c.
BLUE EARTH: Carl Bangert was
elected pres, and dir. of First Natl.
C. F. Stilgebouer, former pres., was
name d chmn.
CHISHOLM: At First Natl., Alfred
Maturi wa§ elected chmn.; John J.
Krause, pres.; Ed Wheelecor, Sr.,
exec, v.p.; A. B. Alquire and Fred
Hodge, v.p.’ s; Edward L. Wheelecor,
Jr., cash, and Michael Diçklich, a.c.
Ted Barker was elected a dir.
CROOKSTON: Ernest L. Hilkey was
promoted to v.p.; Robert Cameron,
a.v.p.; Duaine Espegard, a.v.p. and
ag off. and Mrs. Meda Buness and
Mrs. Esther Bradley, a.c.’ s, at First
Natl.
HAWLEY: First Natl, named Esther
Olson cash, and Mrs. Henry Hovelsrud a.c.
L IT T L E F ALLS : American Natl, has
advanced Kenneth J. Heid, formerly
a.c., to cash, and William Johnson
to a.c.

LUVERNE: The Northwestern State
reports promotion of Richard Chris­
If tianson to v.p.; Grace Loose to
4J cash., and Wayne Untiedt to a.c.

February 9,1970

MAPLE TON: At the annual meeting •v.p. & cash. Patrick M. Anderson,
of First Natl., H. W. Healy retained
formerly with LaSalle N atl., Chicago,
as chmn. and J. R. Starkey was pro­ has joined the bank as an a.v.p.
moted from cash, to pres. Roger L.
Schuett was promoted to cash.
WINCHESTER: The Comptroller of
the Currency has issued a certificate
OSLO: In a realignment at Valley
authorizing The Neat, Condit &
State, Peter P. Gerszewski e le c ­
Grout Natl. Bank of Winchester to
ted chmn. of bd.; Robert Bork pres.;
change its name, effective January 1,
Leon J. Pribula, v.p.; Laity Kohler,
1970, to Winchester Natl. Bank.
cash., and Colleen Anderson, a.c.

N EB RASK A NEWS

ILLIN O IS NEWS
C ARPENTERSVILLE: Suburban Bank
& Trust, a new bank, has been ap­
proved for FDIC coverage. Total
capital is $650,000. Benjamin C.
Getzelman is pres.
COUNTRY CLUB HILLS: The ap­
plication to organize South Suburban
Bank has been approved by Roland
L. Blaha, Illinois commissioner of
banks & trust companies. Capital of
$750,000 consists of $300,000 com­
mon, $300,000 surplus and $150,000
reserve. Organizers include William
G. Parker, L eslie V. Beck and Robert
R. Walper, Chicago; Donald F. Lindberg, Homewood; Clarence C. Dex­
ter, Hinsdale, and Dominick J. Velo,
Flossmoor.
LA K E FOREST: The Comptroller of
the Currency approved on Decem­
ber 30, 1969, application for charter­
ing of Lake For.est Natl. Bank, with
J. R. Shoulberg listed as agent.
MELROSE PARK : Herbert Essig has
been advanced to sr. v.p. He was

AINSWORTH: Forrest H. Kern, cash,
at the Bank of Ainsworth, has been
elected to the bd. of dir.’ s.
CHAMBERS: Chambers State Bank
has increased its surplus account
from $50,000 to $100,000.
ELKHORN: Eugene Reece has been
added to the staff of the Bank of
Elkhorn as v.p. and a dir. He had
been with First Natl, of Lincoln.
GERING: Changes at the Gering
Natl, include Melvin Mathis named
v.p. and cash.; Harold Stuckey to
v.p. and Catherine Ulrich to a.c.
McCOOK: Two promoted at First
Natl, are Kenneth W. Foster to v.p.
and Frances McCarty to a.v.p. Jim
McGinnes joins bank as cash.

OMAHA: Bernard R.
been named a.v.p. of
Natl. Bd. Chmn. John
announced approval of
div id end.

Burger has
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Mrs. Virginia R. Singer to a.c., and
Norman W. Heald, from aud. to a.c.
& aud.

JOHN DIEFENOORF
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Am erican Trust
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9TH AND MAIN. DUBUQUE. IOWA
M IM IE R ; FOIC • FftS

Programs for National
Farm Forums Are Announced. . .
Two nationally recognized Farm
Forums w ill be held in Des Moines
and Minneapolis during the next three
weeks. The Des Moines Chamber of
Commerce w ill host its 32nd Annual
National Farm Institute on February
12 and 13 at Hotel Fort Des Moines.
The Greater Minneapolis Chamber of
Commerce w ill hold its 1970 Farm
Forum on March 5 at Hotel Radisson.
In Des Moines, a,n impressive
group of speakers w ill center on the
theme “ The 70’ s . . . Challenge and

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1314 REGISTER & TRIB U N E BUILDING •DES M O IN E S, IO W A
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Opportunity.” They w ill be led by
U. S. Secretary of Agriculture C lif­
ford M. Hardin and they w ill examine
the
planning priorities and the
projected programs for American
agriculture in the decade ahead. Ap­
proximately 1,000 agri-oriented per­
sons arte expected to attend the
two-day event.
At the Farm Forum in Minneapolis,
Clarence D. Palmby w ill be the
luncheon speaker. He is assistant
secretary under Mr. Hardin. His
topic w ill be “ The 70’s —A Decade
of Confrontation.” Congressman A l­
bert H. Quie, First District, Minne­
sota, w ill give a Congressional view
and Senator Birch Bayh, Indiana, w ill
present a Senatorial view of the
confrontation theme. This theme w ill
examine “ public policy and govern­
mental action relating to pollution,
consumerism, tight money, prices of
farm products, education and rural
development.”

IOWA NEWS
AMES: At the annual meeting of
First Natl., G. Roger A lley was ad­
vanced from vice chmn. to chmn.,
and Marvin F. Miller was elected a
dir. These changes result from the
recent death of -Chmn. Clay W. Staf­
ford. Staff promotions include: Daniel
L. Krieger, from a.v.p. & a.t.o. to
v.p. & a.t.o.; Paul L. Klingseis,
from a.v.p. to v.p. and continuing as
mgr. of the University office. Edward
C. Jacobson, from a.c. to a.v.p. and
continuing as installment loan mgr.;

In Northern Minnesota,

Ralph Nelson
is your Northwestern
Correspondent Banker.

BURLINGTON: Burton B. Cross, who
joined Burlington B&T one year ago
in the installment loan dept., has
been elected a.c.
CEDAR RAPIDS: Clyde F. Peremsky,
v.p. & cash., Merchants Natl., re­
tired February 1 after 46 years of
service with the bank. He started
there in 1923. Succeeding him as
cashier is Denis L . Jensen, formerly
a.v.p.
CLINTON: Dale F. Fe aster was
elected pres, and a dir. of Iowa
State Savings, succeeding Richard
Weber, who resigned. Mr. Feaster
formerly was pres, of Farmers Natl.$
Geneseo, 111. Burke Petersen, pres,
of Smith Trust & Savings Bank in
Morrison, 111., was elected a dir.
and chmn. of the bd. of Iowa State
Savings.
COLUMBUS JUNCTION: Columbus
Junction State Bank named Thomas
H. Huston as pres., succeeding his
father, H. Lee Huston, who continues
as chmn.
CRESCO: Personnel named at Union
Savings include: John H. Thomson,
pres., succeeding J. A. Thomson,
who died in December, 1968, James
Thomson named v.p. and cash., and
John F. O’Byrne elected a.v.p. and
farm rep.
DEFIANCE: Earl Powers was pro­
moted to pres, of Defiance State
Bank. Other changes are M. C.
Weiland from pres, to chmn. of bd.;
Francis E. Case to v.p.; John Wells
to cash., and JoAnn Walker to a.c.
DUBUQUE: Six promotions were
made by the board of directors of
American T&S last month. Advanced
were: Miss Janann M. Spahn and
Mrs. Harriet B. Jecklin, from a.v.p.
to v.p.; Donald T. Beresford, from
a.c. to a.v.p., and Mrs. Roger (E i-

Department of Banks
and Bankers

Northwestern
National Bank
of Minneapolis
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FIRST NATIONAL BANK OF OMAHA
IfiTH & FARNAM - OMAHA, NEBRASKA
leen) Schilling, Michael Murwin and
Mrs. Eldon (Jean) Konsen, to a. c.
Mrs. Konzen also is an a.t.o.

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ELDRIDGE: Rodney L. Burnett has
been promoted from a.v.p. to v.p. at
Central T&S.
FOREST C IT Y : Dr. J. P. Jorgensen
has been named to head a newlyestablished trust dept, at Forest
City B&T. A veterinarian, he w ill
join the bank staff this summer
after receiving his M.A. degree in
business administration.
MAQUOKETA: At Maquoketa State,
Norman A. Gerdes, formerly with the
state .banking dept., joined the bank
as a.v.p. and loan off.
MUSCATINE: Larry W. Howe, who
joined First Natl, last September as
t.o., has also been elected an a.v.p.
at the bank. Harold W. O gilvie, Jr.,
an employee since 1962, was elected
an a.c. and continues as a loan off.
NEWELL: At First Natl, these advancements were made: A. J. Hill,
from pres, to chmn.; G. D. H ill, from
exec. v.p. to pres.; C. Wabeke from
cash, to exec, v.p.; Glen Pedersen
from a.c. to cash., and Irene McCrea
to a.c.
PE R R Y: Two ladies were elected
officers at First Natl, at the annual
meeting. Mrs. Sheila Richardson was
named teller operations off. and Mrs.
Lois West was appointed accounting
dept. asst. mgr.
RED OAK: Houghton State elected
Myron Weil, pres, of First Natl, of
Clinton, as a dir. New officers are
J. N eil Hammit, v.p., and Phillip C.
Cave, mgr. installment loan dept.

ROCK RAPIDS: Eugene Metzger, 31,
j an employee of Lyon County State
Bank since 1967, has. been advanced
^ to a.v.p. He works with commercial,
farm and installment loans as w ell
^ as the Master Charge program.

SAC C ITY : Directors of Citizens
Savings announced one promotion at
»their annual meeting. Dudley Martens
was promoted from a.c. to a.v.p.
SIOUX C IT Y : Directors have pro­
moted Charles H. Walcott to sr. v.p.
of First Natl., and Robert C. Schmith
to EDP operations off.
WALFORD: M. C. Erusha celebrated
his 50th year in banking on January
3, all of it with Farmers Savings
Bank of Walford. For many years
he was the only employee of the
bank. He is pres, of the bank at
Walford, as w ell as being pres, of
Chelsea Savings at Chelsea and
Solon State at Solon. His older son,
Don, is exec. v.p. at the Chelsea
and ■Solon banks. His younger son,
Robert C., is exec. v.p. at Walford
and a son-in-law, E. R. Kaiden is
cash, there. A dinner attended by
directors and staff of the banks, the
Erusha children and grandchildren,
and a number of friends, was held
in Mr. Erusha’s honor.
WINTERSET: Farmers, and Merchants
State promoted Irvin W. Martens to
cash, to fill the vacancy created by
the retirement of Charles Butterfield.
R. P. Pierce was named a.c.

C O LO R A D O HEWS
ARAPAHOE: The Comptroller of the
Currency has approved a charter for
Arapahoe Colorado Natl. Bank, lo­
cated in the unincorporated area of
Arapahoe County. Joseph G. Hodges
is agent.

DENVER: Charles H. Smukler, exec,
v.p. of Security Natl, since last
April, has been named pres., suc­
ceeding Don Carney, who becomes
chmn., and J. Kernan Weckbaugh,
former chmn., w ill continue as a dir.
Other appointments include: Richard
M. Kreutzer from v.p. to sr. v.p., and
Raymond T. Duncan, pres, of Duncan
Oil Ltd., as a new dir., replacing
his brother, Walter Duncan, Jr., Okla­
homa City, who resigned.
STEAMBOAT SPRINGS: Routt Coun­
ty Natl, has been authorized by the
Comptroller to open an office at
8.02 Lincoln Aye.
WANTED
Northern Illinois bank of $4 million
desires young man, preferably with
several years of general banking
experience. Write F ile WRB, in care
of the NORTHWESTERN BANKER,
306 Fifteenth Street, Des Moines,
Jowa 50309.
WANTED
COMMERCIAL LOAN OFFICER
Bank affiliated with aggressive bank
group looking for man experienced in
commercial loans. Good opportunity
for growth in midwest metropolitan
suburb. Salary commensurate with
ability. Reply to Box SBB, in care of
NORTHWESTERN BANKER, 306 15th St., Dee Moines, Iowa 50309.

C H ILE S &COMPANY
MEMBER. MIDWEST STOCK EXCHANGE

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412 Farm Credit Building, O m ah a. N e b ra s k a 68102
Phone 346-6677 (A re a C o d e 402)

L IN C O L N
I

ARVADA: James W. Randall was pro­
moted from exec. v.p. & cash, to
pres, of First Natl., succeeding
Riess Stegner, who continues as
chmn. Other appointments include:
Richard L . Tuers, cash.; Mrs. Shir­
ley J. E kb lad, a.c., and Mrs. Nancy
M. Ruff, a.t.o.

Teletype 402 348-1040

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others said they preferred not to
be reelected in view of charges of
violating the law by illegal politi­
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upon accusations by a former officer
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HELENA: John D. Johnson has been
promoted to a.v.p. by the Federal
Reserve of Mpls. and assigned to
the Helena branch. A native of
Lan yon, la., he joined the Fed in
1960 upon graduation from Minne­
sota School of Business.

ECONOMY SERVICE CO. — Tom C. Hutchinson
1115 High Street, Des Moines, Iowa

WYOMING NEWS
RAWLINS: G. W. Mcllvaine, v.p. of
First Natl., has also been named
cash., to fill the vacancy left by
the resignation of John C. Waeckerlin, Jr.

SOUTH D A K O TA NEWS
HURON: At a recent meeting of the
legislative committee of the South
Dakota Bankers Assn., it was voted
to table the branching question fo l­
lowing a report from the special
Branch Bank Study Committee.
YANKTON: The following officer
changes were announced at Ameri­
can State: James R. Echtermeyer to
exec, v.p.; Leo L. Plank to sr. v.p.;
Marvin L. Steffes to a.v.p., and
Robert R. Rupiper to a.c.

N OR TH D A K O T A NEWS
GRAND

FORKS: The

1970 Junior

GRAND FORKS: J. F. Cook has been
advanced from v.p. & t.o. to exec,
v.p. & t.o. at Valley B&T. Stock­
holders have approved an increase
in capital from $300,000 to $400,000
by payment of a stock dividend,
payable April 1 to stockholders of
record Jan. 31. This increases total
capital and reserves to $1,031,000,
according to A. A. Holmquist, pres.
LISBON: Bruce D. Iserman has been
advanced from a.c. to a.v.p. at
Farmers State.
MINOT: Nine of the 10 board mem­
bers of First Western State an­
nounced they would not stand for
reelection at the annual board meet­
ing, held recently. John Hoeven,
new pres., was the only dir. plan-

99

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Bankers
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U .o f N.D., in Grand Forks.

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Telephone (515) 244—0114

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Cy Kirk and Max Roy, vice presidents
of LaSalle National Bank, Chicago,
are prepared to assist you and your
bank in planning increased profits
for 1970. Whether it is an analysis of
your bond portfolio or a cost study
of your general banking services,
LaSalle National Bank has the facil­
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Cy or Max today at (Area Code 312)
782—5200 for immediate action.
H E L P WANTED
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NORTHWESTERN BANKER, 306 15th St., Des Moines, Iowa 50309ADVERTISING HELPS
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No. 1209 Northwestern Banker is published five times monthly by the Northwestern Banker Company, 306 Fifteenth Street, Des
Moines, Iowa 50309. Subscriptions 50^ per copy, $6 per year. Second c la s s postage paid at Des Moines, Iowa. Address all mail
subscriptions, changes of address (form 3579)« manuscripts, mail items to above address.

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