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Vol. 9 No. 42 ABA Seeks Reform of Bankruptcy A ct ® ^ w q f 0 0 # # February 9,1981 Des Moines, Iowa ^^O N SU M ER bankruptcies have jumped a whopping 75% since more liberal provisions of the Bankruptcy Reform Act of 1978 became effective in October, 1979, and dollar losses of creditors from each filing also have increased, according to a spokesman for the American Bankers Association. “We have specific recommenda tions we will take to Congress that address the critical problem of soaring consumer bankruptcies which has occurred under the Bankruptcy Reform Act of 1978,” said Walter W. Vaughan, chairman of the A BA ’s Bankruptcy Task Force. Those recommendations were endorsed recently by the admini strative committee of the A BA ’s Government Relations Council. The federal administrative office of the bankruptcy courts reported that in the first full year following implementation of the Act, from October, 1979, to October, 1980, total individual filings were 366,418, an increase of 156,875 over the 209,543 such bankruptcies reported in the year ending October, 1979. This is a jump of 75% in just one year, an alarming rate of increase to bankers and other holders of credit. “But the Task Force concluded that the problems associated with increased bankruptcy filings could not be solved through legislative changes alone,” said Mr. Vaughan, who is senior vice president, Community Bankers Division, American Security Bank, Washing ton DC. “Factors intertwined with these statistics, though, include aggres sive attorney promotion through advertising of bankruptcy as a cost-free way to eliminate debt, and a generally sluggish economy,” Mr. Vaughan said. “What we can hope, through legislative change, is to eliminate cases of abuse, tighten up some of the administrative aspects and establish standards of ‘good faith’ and ‘best effort’ in the law,” Mr. Vaughan said. “Already, banks are tightening up on consumer lending to protect against losses from bankruptcies. Unfortunately, it will be the deserving customers who will end up paying the freight for those who are taking advantage of the system,” Mr. Vaughan said. In addition to its federal legislative effort, the ABA through its Instalment Lending and State Association Divisions is developing educational programs to respond to bankers’ needs in understanding the new law, identifying problem consumer loans, and knowing the creditor’s rights in a bankruptcy proceeding. The ABA is developing a booklet for state banking associations for use in revising their state exemption laws. The new law allows states to override the federal exemptions, and sixteen states have done so. Several states also have revised their exemption laws. The ABA will also seek methods of dealing with problems in attorney advertising. “It was the perception of members of the task force that there has been a profound change in consumer attitudes toward bank ruptcy,” Mr. Vaughan said. “A profile of the new bankrupt is emerging that is shockingly akin to that of the customer who would once have been issued unsecured credit as a matter of routine procedure.” he said. Mr. Vaughan said a “good faith” ASK DALE FROEHLICH to make MNB work for you. Toll free: 1-800-332-5991 Merchants National Bank m Member F.D.I.C. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A 'BANKS OF IOWA’ BANK Single System Banking NOW ACCOUNTS Now! Bank Data Processing Professionals National Bank o f W aterbo Phone Dick Jung at 1-800-772-2411. Waterloo, Iowa 50704 Member FDIC requirement in Chapter 7 would require the debtor to show some legitimate need for relief, a requirement that does not currently exist. Chapter 7 provides for the liquidation of a debtor’s eligible assets and distribution of the proceeds to creditors. “We also recommend a ‘best effort’ test in Chapter 13,” he said. Chapter 13 provides for a courtapproved repayment plan for individuals without liquidation of assets. “We have seen cases where the court has approved Chapter 13 plans which provide for as little as two percent repayment of debts, where we know the debtor could afford more,” Mr. Vaughan said. Other amendments in A BA ’s package would provide for faster and better administration of Chapter 13 cases, prohibit unrea sonable conversion of nonexempt assets to exempt assets in contemplations of bankruptcy, prohibit repetitious filings under Chapter 13, revise the rules regarding reaffirmation and intro- duce some additional valuation standards into the new law. □ Iowa News In anticipation of austere budget recommendations by Governor Robert Ray, the Iowa Bankers Association board of directors has urged their membership of 653 banks to pay their franchise tax early. It is hoped the unanticipated cash flow will favorably impact the state’s coffers. Last year Iowa banks paid over $12 million in franchise taxes. The payment is not due until April 30. CARROLL: John F. Gronstal was elected president and chief execu tive officer of the Carroll County State Bank. Joe H. Gronstal was elected chairman of the board. John Gronstal joined the bank in 1954 as assistant cashier. CLU TIER: Kevin Eikamp has been named executive vice president of the Clutier State Bank. He was formerly president of the Bank of Versailles, Ind. D ES MOINES: Hawkeye Bancorporation has voted to increase the quarterly cash dividend to 22 cents per share payable May 1, 1981 to stockholders of record April 15, 1981. This is a 10 percent increase over the former quarterly rate of 20 cents per share. DUBUQUE: Philip T. Kelly has been elected to the board of the First National Bank. Mr. Kelly is president of Communication Pro perties, Inc. The board also elected William G. Kruse to the new position of chairman of the board and chief executive officer. Mr. Kruse, who is in his 40th year at First National, was president from 1973 to the present. J . Bruce Meriwether, executive vice presi dent, was elected to president. Mr. Meriwether has been with First National since 1960. FA RLEY: Robert M. Bertsch of Dubuque has been elected a director of the Farley State Bank. SCRANTON: Gerald M. Marson, former vice president and ag representative for Brenton State Bank, Eagle Grove, has been named executive vice president of the Security Savings Bank here. He succeeds Tom Hunt, retired. NOTICE: Iowa and Nebraska b an k s— please return your bank directory questionnaires to the Northwestern Banker as soon as possible. These forms were mailed out on January 7 and we need them to begin work on the 1981 editions of the Iowa and Nebraska Bank Directories. U.S. CHECK BOOK COMPANY Call welcomes you to Iowa Bankers Group 1 Annual Meeting February 13-14, Sioux City Visit us in our hospitality room at 1-800-362-2514 to get a lot of help for your money. The Mate’s Quarters—Marina Inn EdBatchelder John Rasmussen Glen Altfillisch JohnKohring W ayne Kincaid United States Check Book Company 1201 S O U T H 1 6 TH S T R E E T - O M A H A . N E B R A S K A 68108 In Nebraska Call 402-345-3162 O u t of State Call Wats Line 1-800-228-9248 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Lance Davenport io m -. NATIONAL BANK Member FDIC An A ffilia te o f N o rth w e s t B a n c o rp o ra tio n B a n c o » Are you . . . ? Would you like to be . . . ? Do you have what it takes to be . . . ? A M A R K E T IN G E X P E R T if you are, want to be, think you can be, you’ll want to attend the Midwest’s bank marketing extravaganza. The Iowa Bankers Association’s Marketing Conference March 9-11 Stouffer’s Five Seasons Hotel Cedar Rapids A program covering the diverse facets of marketing is planned and an outstanding slate of speakers has been lined up to provide you with marketing expertise. Take a look at the program on the reverse side of this page! https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Supplement to Northwestern Banker Newsletter 2-9-81 R.D. BLACKWELL D.E. WIESE D.W. NEUENSCHWANDER J. ROBERTSON T. BRANSTAD W. STAUFFER MARCH 9 • Following registration, which begins at 4 p.m., dinner will be held at 6 p.m. to get the conference off to an outstanding start. Dr. Roger D. Blackwell, a dynamic, nationally-known speaker, will put you in a working frame of mind for the remainder of the conference with his action-packed, after-dinner presentation. • Exhibitors will be displaying marketing products and services during the opening registration session and will be on hand until the end of the conference. MARCH 10 • Learn about research being performed for small banks. Dan Wiese, vice president of CMF&Z, Cedar Rapids, will share information on the work his firm has done in the research field. • Can you really incorporate innovation in banking? Hear the highly successful Don Neuenschwander, president of Medical Center Bank, Houston, Texas, tell of his experiences. • Kathy Fisher, IBA’s Director of Human Resources, will enlighten you with her valuable stress management presentation on how you can alleviate that on-the-job marketing pressure! • One of America’s top circuit humorists, Jeanne Robertson, will provide a light-hearted look at the banking profession at our noon luncheon. • A brief but intensive look at different aspects of marketing will be made through concurrent mini-sessions. Five different topics will be offered. Take your choice of two: Session leaders will be Bill Hillsman of Bozell and Jacobs Advertising (ad critiquing); Jim Hanisch of lowa-Des Moines National Bank (EFT); Allen Volkenant of First Bank System (bank public relations); Margie Schaefer of Iowa Bankers Insurance and Services (IDEA Annuity program); and Peter Bryant of CMF&Z (advertising alternatives). • A panel featuring Iowa Lt. Governor Terry Branstad contemplates the directions banking may take in the 80s. Iowa City banking consultant Gene Wandling and Successful Farming managing editor Richard Krumme join him. • To make the day complete, participants can take part in an excursion to the Amanas for dinner. MARCH 11 • Following an lowa-style breakfast, participants will be able to view the 1980 “ Best of TV” film showing the top bank commercials of the year which included the IBA’s “ Partners’ ” campaign. • Richard Gerdes, Des Moines advertising agency owner, and Judy Stern, vice-president, First State Bank, Rockford, Iowa, will present a bank case history from beginning to end, from research to the finished product. • Who’s giving the consumer the best deal for his checking account dollar? You’ll be able to make up your own mind when representatives from the FDIC, savings and loan industry, and credit union organization discuss NOW accounts and share drafts. • William Stauffer, vice-president and chief executive officer, Northwestern Bell/Iowa, will draw the conference to a professional finale with an incisive discussion on the recent deregulation in the telecommunications field. He will draw analogies from his industry’s required changes of attitudes toward marketing and its dealing with new competition, as we of the banking profession now face similar considerations. Registration fee: # f ® # • • m • $95 for members, $115 after Mar. 4 deadline $125 for non-members and $145 at the door Meals (Amana excluded), breaks, and materials are included. For additional marketing registration information, contact Claudia Freeman at the IBA, (515) 286-4316. Become a SUPERMARKETING expert at the https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis • IBA’s Marketing Conference Mar. 9-11 in Cedar Rapids. * Send Your News Today to the NORTHW ESTERN BAN KER TELL US ABO UT... 306 Fifteenth Street DES MOINES, IOWA 50309 Staff Changes Business Campaigns Mergers, Consolidations New Departments at the Bank Remodeling or New Building BANK ............................................. ........................ ....... OFFICER ................................................ Æ ................TULE CITY https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis STATE Open Houses Anniversary Parties Deaths or Retirements Speeches Made by Bank Officers Special Announcements to the Public i 4 We’re people who can help with ag lending. For ag lending, data processing, overlines, and investment services . . . we’re the people who can help. We’re more than western Iowa’s largest bank. We’re people. sfsw g Ken Roeder Correspondent Bank Officer 712/277-6580 SECURITY N ATIO N AL RANK IN SIOUX CITY, IOWA. M EMBER F.D .I.C . SW EA CITY: The Swea City State Bank has announced the promotion of Daniel Castle to cashier. Mr. Castle joined the bank in 1968, serving as ass’t cashier. TRA ER: Kipp Larsen, assistant vice president of the First Community Bank and Trust, has been named cashier. Darrell Heaford continues as executive vice president. Bruce Overton, local businessman, is a new director. 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. © 1980 Security National Bank Minnesota News BLOOMINGTON: Community State Bank has announced the following promotions: Jack Ash more from data processing officer to vice president; James Friend from assistant cashier to assistant vice president; Sue Ann Daniels to assistant cashier; Lowell Henn to assistant vice president, and Rich Ellefson to assistant vice president. CROSBY: elected to board of retired as 1980. H.D. Lound has been First National Bank’s directors. Mr. Lound cashier of the bank in HILLSBORO: Northwestern State Bank has announced the following appointments: Donald K. Foss to assistant vice president; Galon Anderson to assistant vice presi dent; Sharon R. Mueller to cashier, and Gertrude Burck to customer service officer. MANKATO:Northwestern Nation al Bank has promoted Elizabeth Wohlenhaus to vice president of the agricultural department and Norb Harrington to assistant vice president/manager of the East office. 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 yo u r operating costs. A program for your every need — and m ore. The best banking system in the industry. fTf f o M odern B anking S ystem s, Inc. 6818 Grover St., Omaha, Nebraska 68106 (402) 392-0151 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis M ORRIS: Citizens Bank has announced the promotion of Her bert L. Sorbel from assistant vice president to vice president. He joined the bank eight years ago, after serving on the faculty of South Dakota State University for 15 years. WILLMAR:Michael A. Solien has been elected assistant vice president of the retail banking department of First Bank Willmar, according to N. SERVING PROFESSIONALLY Banking,Financial & Business Personnel Iowa and Nationwide CAPITAL PERSONNEL SERVICE 714 Central National Bldg. 515-283-2545 Des Moines, Iowa 50309 Thomas Wiedebush, president. Mr. Solien joined the bank in 1973. Wyoming News CHEYENNE: Recently promoted at First National Bank and Trust Co. were Barbara J . Johnson to assistant vice president of the consumer loan department; Henry M. Hausler to assistant vice president of the consumer loan department and Jeri W. Griego to assistant auditor. CHEYENNE: William G. Rector has been appointed chairman of the board of First Wyoming BankNorth Cheyenne. Mr. Rector is serving his fifth term in the Wyoming Senate. SHERIDAN: Roman Skatula has been promoted to president of the Security Bank from executive vice president and chief operating officer. Mr. Skatula has 32 years of banking experience, and has been with Security Bank since 1978. SHERIDAN: The Bank of Com merce has named Robert L. Ferril vice chairman of the board of directors. Mr. Ferril has been president of the bank since 1974, and will continue as chief executive officer. Succeeding Mr. Ferril as president is William H. Ruegamer, who has been executive vice president for the past two years. Other promotions include Nancy Schaffer to assistant cashier and Patty Berry to marketing officer. WORLAND: Lowell K. Peterson has been promoted to senior vice president of Stockgrowers State Bank. Mr. Peterson joined the bank in 1961 and was elected to the board in 1978. South Dakota News HOT SPRIN G S: Tom Tschetter AG PERSONNEL RECRUITING As agricultural loan correspondents and farm management specialists, we know how to locate and evaluate the best personnel in ag lending and property management. To answer your recruiting needs in these and related fields, call on us. For complete information, call or write Lynn R. Loken. WESTERN FARM COMPANIES Ag Recruiting Division 332 Link Lane Fort Collins, Colorado80524 (303)221-2607 CALL ON THE “PERFORMANCE TEAM WM where comm on transactions are handled uncomm only well. FIRST NATIONAL LINCOLN 13th & M Street • Lincoln, Nebraska 68501 • Member, F.D.I.C. has been named the new manager and vice president at the National Bank of South Dakota. He was formerly employed with the Huron branch of the National Bank. He is a graduate of Northern State College, Aberdeen. North Dakota News CAVALIER: First Bank Cavalier has promoted Jane Stevenson from audit coordinator to assistant cashier-operations. Ms. Stevenson joined the bank in 1974 as auditor. GRAFTON: Dan Lessard, presi dent of the Walsh County Bank and Trust Co., has announced the election of Gary E . Lloyd to executive vice president. He joined Walsh County in 1974 as assistant cashier, after graduating from the University of North Dakota in Grand Forks. PAGE: At the Page State Bank, Merland L. Carlson has been promoted from cashier to executive vice president and a member of the board, and Janeen Conrad has been promoted to assistant cashier. PARK RIVER:Edward W. Palmer has been promoted to assistant vice president and cashier of First Bank Park River. He began his banking career at First Bank Gettysburg in 1970. Nebraska News ALLIANCE: Robert E. Knight, president of the Alliance National Bank, has announced the following Estate Appraisals Purchase off Collections Sale of Rare Coins Reliable and respected service for over 20 years promotions: Richard E . Bilstein and Richard E . Henderson, Jr . to vice presidents, Glen DWitte and Eva Knight to assistant vice presidents and Matthew Foreman to manager of computer services. D onald E. H older , Principal vice president-trust officer and Vicki Clarke to personnel officer. HASTINGS: Lloyd R. Ketrell, chairman and chief executive officer of City National Bank and Trust Co., has announced the following promotions: Michael B . Jacobson to assistant vice president of agricul tural loans; Dan H. Anderson to loan and compliance officer, and Mary C. Thaut to operations officer and manager of lower lobby operations. COOK: At Farmers Bank, Stan Vala has joined as assistant vice president and Mark Johns has been promoted from administrative assistant to assistant cashier. DAVID CITY: James L. Howe, president of First National Bank, has announced John C. Klosterman has been named board chairman. Promoted at First National were LaVeme Dowding to vice president and Edward Meysenburg, Virginia Brockeveldt, Helen Hendricks, Mary Lou Stallings and Pat Hilderbrand to assistant vice presidents. FA LLS CITY: Rodney P. Vandeberg, president of First National Bank and Trust Co., has announced the promotions of Ramona Godeman and Marie Pupkes to assistant vice presidents, Verga Strecker to assistant vice president and trust administration officer and Evelyn Krug to operations officer. FREMONT: Steve Calta has been named loan officer at First State Bank. He joined the bank in 1977. GRAND ISLAND: Promotions at Overland National Bank include Duane Phillips to senior vice president-cashier, Gail Brummund to vice president, Galen Stehlik to I Ben E. Marlenee Coins https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Bank Consultants Specializing in Bànk Acquisitions 515-232-0814 P.Q. Box 450 405 Main Ames, Iowa 50010 BA SSETT:The Sandhills Group of the National Association of Bank Women will meet Thursday, February 19, at the Bassett Lodge and Range Cafe. Following dinner at 6:30 p.m., Frances Schmeling, midwest regional vice president from First State Bank of Mapleton, la., will speak. Used by bankers throughout the midwest 913 Locust Des Moines, Iowa 50309 515-243-8064 ¿dfoictsx a n d c^h io a La tzi, TRENTON: Earl J . Danner, vice president and cashier of the State Bank, retired recently after 40 years in banking. 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 □ I would like to sell my majority bank stock. □ i would like to buy ma jority bank stock. Please Contact: J. Mason Henry Charles E. Walters Co., Inc. I 1 PENDER: Clark A. Wenke, presi dent of the Pender State Bank, retired recently. He will remain as chairman of the board and as an advisor to the bank. Mr. Wenke joined Pender State in 1938 as a bookkeeper. 39 Ginger Woods Road, Valley, Nebraska 68064 Phone: (402) 553-6400 I________________________________ ■ ® M ÊP* WANT ADS Rates 50 cents per word per insertion. Ad $2 for file numbers. Identity of file number advertisers cannot be revealed. Payment in advance, please. NORTHWESTERN BANKER 306-15th St. ____________ Des Moines, Iowa 50309____________ POSITIONS AVAILABLE Insurance agent for Nebraska bank located near major c ity .............................................................Salary open. Office Manager for Iowa bank....................Salary open Write or call Malcolm Freeland, Freeland Financial Service, Inc., 306 - 15th Street, Des Moines, Iowa 50309. Phone (515) 244-8163. Employer pays fee. POSITIONS WANTED CEO of $8 m illion bank seeks new opportunity as either number one or number two p e rs o n .................... .......................................................$28,000 to $30,000. Operations person with ag lending exp. and insurance licenses ready toaccept greater challenge.. .$26,000. Second man with outstanding track record in ag lending and operations wants to move to progressive b a n k ................................................................ $30,000. Write or call Malcolm Freeland, Freeland Financial Service, Inc., 306 - 15th Street, Des Moines, Iowa 50309. Phone (515) 244-8163. Employer pays fee. WANT TO BÜY Ten each Burroughs L-5000 and L-6500's. Call (515) 250-0794._______________________________ (WTB) FOR SALE Four 775-1000 single pocket proof machines; under maintenance. $4,500.00 each. Call (512) 250-0794. _________________________________________ (FS) MODULAR BANK UNIT: 12'x7’ equipped with drive-up window. Used as bank’s drive-up facility. Available immediately. Contact Northwestern State Bank of Dodge Center, MN 55927. Phone (507) 374-6311. (FS) 8’x14’ portable drive-up window with Diebold electric window, electric heat, carpet, and air conditioner. Picture upon request. $3,500.00. Cal I (712) 472-2581. ________________________________________ (FS) Burroughs L9500 Minicomputer. Price Negotiable. Farmers State Bank of Dorset, Phone (218) 732-4817. _________________________________________ (FS) Burroughs S-1000 Proof Encoder, eight pockets, four years old, under Burroughs Maintenance Contract. $7000.00, Tom Hay, Security State Bank, Casey, la. Phone (515) 746-3366._______________________ (FS) NCR Proof Machine Model 482-Printer and Sorter, Mid City Bank, Omaha, Nebraska, (402) 558-8000. (FS) Ag Banking . Specialists s^6c8e When it comes to agriculture, banking and personnel. . . go to the specialists — go to AGRIcareers, Inc. I Progressive bankers pay as to find the people they need. CREDIT M A N A G E R S .........IA & OH . . . . $18-23,000 | AG LOAN O F F IC E R S .........IA ................ $18-20,000 1 TWO FARM MANAGERS . . I A & I L .........$16-24,000 AG LENDING OFFICER .. .N E IO W A .. .$15-20,000 . CREDIT M ANAGER............ K Y ................ $20-30,000 I INSURANCE MANAGER . . N E .............. $16-19,000 32K Commercial Loan Manager Commercial Loan #2 28K 22K Commercial Loan Trainee 18K + Insurance Agent 17K Proof Supervisor 25K S&L Manager Insurance Manager 15K + 22K Ag-light Commercial 30K Commercial Loan Officer 18K Cashier Assistant Manager Installment Loan Department 18K 24 K #483 Commercial Loan Officer TOM HAGAN & ASSOCIATES OF MINNESOTA 4901 W. 77th St. Edina, Minnesota55435 David Dahl 612-835-4121 Megan Maloney All positions employer paid #484 #486 #475 #479 #488 #490 #492 #493 #494 #496 #487 POSITION AVAILABLE LOAN OFFICER- Central Illinois bank seeking individual for lending responsibilities, primarily consumer loans. Operations experience helpful, but not necessary. Call Bart Solon, State Bank of Girard, Phone (217) 627-2112._______________________ (PA) LOAN OFFICER for$18 million rural Iowa bank. Some experience preferred. Write file MBA, c /o Northwestern Banker._______________________(PA) Immediate opening for installment loan officer in a $75 m illion bank. Previous loan and collections experience preferred but not a requirement. Salary commensurate with experience. Bank is located in southeastern Montana. Send resume in confidence to: Les Mahon, First Security Bank, Box 250, Miles City, M T59301. Phone (406) 232-3620.__________(PA) 2ND OFFICER for rural Iowa bank. Ag lending experience required. Salary open. Write File MBF, c/o Northwestern Banker._______________________ (PA) OPERATIONS OFFICER for rural Iowa bank. Experience required. Salary open. Write File MBG, c /o Northwestern Banker.___________________ (PA) $30 million bank seeking Agricultural & Commercial Loan Officer. Located in “ growing” small Central Iowa Community. Five years or more lending experience necessary. Challenging position due to size and complexity of loans. Salary negotiable. Write File MBJ, c l o Northwestern Banker._______________(PA) BANK PRESIDENT/C.E.O. with opportunity to invest to 25% of capital. Newly chartered bank in central Minnesota. Send resume and financial statement to File MBI, c /o Northwestern Banker.___________ (PA) TRUST OFFICER/EMPLOYEE BENEFITS SECTION Opening for an individual with 2 or more years experience to manage our $45 m illion Employee Benefits Section. Position involves extensive contacts with other professionals, business development, anda working knowledge of ERISA. We offer excel lent benefits and salary commensurate with experience. Send resume and salary requirements in confidence to: Valley National Bank, P.O. Box 906, 6th & Walnut, Des Moines, iowa 50304; Attention: Personnel Department. An Equal Opportunity Employer.________________________________ (PA) FOR SALE NCR POSTRONIC, Model 29-21-8-17 (137), Ser. No. 6927640 with automatic ledger feeder 6736827 ....................................................$350.00 NCR POSTRONIC, Model 29-23-4-17 (137), Ser. No. 6887342 ............................................$250.00 ADDRESSOGRAPH, Imprinter Model 904B, Ser. No. 751835........................................$200.00 ADDRESSOGRAPH, Graphotype Class 350 Plate embosser, Ser. No. 2853070 .........$600.00 I Ask our banking specialist, Linda, what's available without cost or obligation. (515)394-3145 ■ NEW HAMPTON, IA 50659 30/7 CAREERS, INC. ™ THE ORIGINAL AGRICULTURAL RECRUITER PARTIAL LIST OF AVAILABLE POSITIONS BANK PERSONNEL IS OUR ONLY BUSINESS Positions Aval lable ADDRESSOGRAPH, Automatic Imprinter Class 1900, Model 1957 BB, Ser. ”#846006 with Automatic feeder, Model 192-50, Ser. #867702 ................................................................. $500.00 Contact: JAMES E. JORGENSEN Central State Bank Phone (515) 483-2505 State Center, Iowa 50247 VEHICLES REPOSSESSED NORTH CAROLINA STATEWIDE SERVICE Since 1922-Field Divisions “Wanted Vehicle-Missing Persons Bulletin” HOME DETECTIVE COMPANY, INC. P.O. Box 11431, Greensboro 27409 (919)299-1641 LENDING - N.W. Iowa bank seeking ag lender with at least 2 yrs exp. $18,000. ASST. VP- Large Des Moines bank looking for heavily experienced commercial lender who has a keen sense of business judgment. $28,000. COMMERCIAL LENDING OFFICER - Must have at least 3 yrs experience and ability to run a branch. $23,000. SENIOR TRUST OFFICER - Need heavily experienced indiv to come into trust dept and eventually assume full responsibility for trust dept. $21,000. LENDER - Nebraska bank seeks indiv with ten years of experience in commercial and especially agriculture lending. $25,000 + 2ND PERSON/INSTALLMENT LENDER - Need at least 2 yrs of exp handling installment loans, student loans, mastercharge and direct & indirect loans. $17,000. ALL FEES COMPANY PAID. FOR FURTHER INFORMATION RESPOND IN CONFIDENCE TO: Bank Division ROBERT HALF of iowa, ine 317 6th Ave. Des Moines, IA 50309 (515) 244-4414 ALL FEES COMPANY PAID Thinking about selling your bank? Consult with Homer Jensen or Dick Buenneke Over 50 years’ banking experience No fee to seller 241 Insurance Exchange Bldg. Des Moines, Iowa 50309 Phone:515-243-7434 I BANKERS PARTICIPATING l£asePlan,lnc. 545 - 31st Street Des Moines. Iowa 50312 R. L. “DICK” SELLON POSITIONS AVAILABLE PRESIDENT - for ag-oriented bank located in Rocky Mountain State. Prefer Ag Degree and proven administrative s k ills ......................................... $30,000 SENIOR COMM’L LOAN - $75MM+ bank seeks seasoned lender with ability to assume administrative duties. Could be second p o sitio n ....................$40,000 CASHIER - excellent opportunity in small bank for good operations officer. Position may lead to number one s p o t.............................................................$25,000 SENIOR OPERATIONS-$25MM bank located in major Missouri city. Assume responsibility fo r all operations. Definitely a senior management position ............................................... ...........................$$Open TRUST OFFICER - head $10MM dept, for medium size county bank. Law Degree not necessary. Desire three yrs. minimum trust experience.......................$25,000 REAL ESTATE LENDER - fine opportunity for junior officer with secondary market experience. Primary duty w ill be establishment of real estate dept, for $35MM b a n k ...................................................... $20,000 AG LENDING - join $12MM rural bank with opportunity to be second officer. Prefer Ag Degree and one-two yrs. bank experience.....................$15,000 If you are interested in changing positions, please forward a full resume and salary history to: TOM HAGAN & ASSOCIATES of Kansas City P.O. Box 12346/2024 Swift North Kansas City, MO 64116 (816)474-6874 Voi. 9 No. 42 Northwestern Banker Newsletter [USPS 873-300] is published weekly by the Northwestern Banker Company, 306 Fifteenth Street, Des Moines, Iowa 50309. Subscriptions 25 cents per copy, $8.00 per year. Second class postage paid at Des Moines, Iowa. Address ail 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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