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Vol. 10 No. 39 Des Moines, Iowa Bank Poll Shows Optimism for Future w 0 0 # # ESPITE problem s created by deregulation o f the nation’s financial institutions, the prospect o f nationwide interstate banking, and the entry o f Sears Roebuck into the banking business, m ost bankers in the Ninth Federal Reserve Dis trict are optim istic about the future o f their industry. This was the conclusion reached from responses to a bank industry survey sent in November to 1,636 presidents or chief executive officers o f banks in Minnesota, W isconsin, Michigan, North Dakota, South Dakota and Montana. The survey, to which there was a 48% response, is taken semi-annually by the cor respondent banking division o f First Bank Saint Paul. According to Dale S. Hanson, vice president and head o f the sponsoring division, The D Bank Poll is taken to supply bank ers with inform ation to help them in decision-making. It also is meant to give lawmakers and regulators the opinions o f Upper M idwest bankers on m ajor issues. In answer to the question, “ How do you feel about the future o f your bank?” , 61% o f the bankers said th ey w ere e ith er “ v e r y ” or “ somewhat” optim istic; 32% ap parently were not willing to declare themselves one way or another and said that they were “ uncertain,” while only 7 % said they were pessim istic. Here is a brief summary of some o f the findings in the Poll: Reg Q—76% said the phasing out process should proceed as sched uled. N a tio n a l In te r s ta te B a n k Loan Demand/Spring 1982 “ What does your bank expect farm loan demand to be for Spring, 1982?” Minn. Wise. South North Montana Mich. Dakota Dakota Much higher than normal 4% 3% 5% 3% 5% Somewhat higher than normal 33% 18% 34% 38% 53% Normal 35% 47% 56% 30% 39% Somewhat lower than normal 10% 16% 6% 11% 14% Much lower than normal 2% 2% — No answer 17% 15% 5% 1% January 18,1982 ing—78% say it will come eventual ly; 21% said within three years; 34% in three to five years, and 23% more than five years. Asked if they were concerned about its impact, 74% said they were concerned; 25% said not concerned and 1 % did not answer. Further, 81% o f the small banks expressed concern, 75% o f the middle-size, and 64% o f the larger banks. A B A —Asked to rate the job A B A is doing, 10% said excellent; 43% good, 32% fair, 15% poor. Also, 44% feel A B A is not responsive to the views o f the m ajority o f bankers in the country concerning the pro blems resulting from deregulation; however, 53% gave A B A a fav orable vote and 3% did not answer. A ll Savers—Only 10% said the A ll Savers certificates volume was better than expected, while 37% said it was below expectations, and 52% noted relatively little interest in the certificates in their market. M oney Market Funds—48% said their deposits were down either con siderably (6%) or moderately (42%) as a result o f MM F com petition. Banks hardest hit by the funds were those with $50 million or more in assets; 13% said their deposits were down considerably due to the funds, and 47% said they were down modBAN K POLL... (Turn to page 4, please) Don't gam ble when choosing o correspondent bonk. Com e to the professionals. For any correspondent banking need . . . overline assistance, data processing services, investment counseling . . . just give us a call. We're the professionals who put the response in correspondent bonking. ucb CENTRAL OF DES MOINES, N.A. • MEMBER FDIC • TOLL FREE NUMBER (800)362-1615 ________AFFILIATED WITH UNITED CENTRAL BANCSHARES, INC. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis W illiam B. Greaves, Vice President State Bank & Trust Company, re ported Robert F. Scott, president. F ir s t in Iowa, by putting Iowa first. John Rigler IOWA- DesMOines M A NATIONAL BANK An Affiliate of Northwest Bancorporation Member FDic Iowa News The Iowa Transfer System will sponsor an Overview o f Electronic Funds Transfer January 26 and 27 at the Des Moines H yatt Hotel. C. Robert Brenton, chairman o f ITS and president, Brenton Banks, Inc., D es M oines, w ill exten d the welcome. John Sikkink, executive vice president, Iowa-Des M oines Na tional Bank, will give an “ ITS Over view .” Helene D uffy o f D uffy & Duf fy, Inc., New York City, will give “ A Look at National E F T .” ATM Terminal Placement and the M erging o f EFT and the ACH will be reviewed by two speakers to be announced. Richard K. Holthaus, assistant vice president-marketing, Merchants National Bank, Cedar BANCO ' Call (515) 245-3131 or toll-free (800) 362-2514 COLESBURG: Chuck Clayton has been elected vice president o f Farmers Savings Bank. He has been with the bank in a part-time and training role for the past 18 months. DYERSVILLE: Fidelity Bank and Trust has made application to open an office in the Dyersville Mall. ESH ERVILLE: Robert D uff has joined United Central Bank & Trust Rapids, and Burtwin L. Day, presi as ag representative. Mr. D uff had dent o f Brenton County Savings been with the Union State Bank, Bank, Norway, will team up to pre Winterset. sent “ Card-Issuing Criteria and GRINNELL: Larry Mindrup, senior Consumer Experiences.” “ EFT Marketing T ips” will be vice president, has been prom oted to shared by Deborah Ganzel, second executive vice president and Doug vice president-marketing, Iowa-Des las R. Hill, vice president, has been M oines National Bank; Jim Tank, prom oted to senior vice president, president, Central Trust & Savings according to M ax Smith, president Bank, Eldridge; Carole Custer, vice of the Poweshiek County National president, Brenton State Bank of Bank. Mr. Mindrup has been with the bank since 1966 and Mr. Hill Jefferson, and Mr. Holthaus. The morning program January 27 joined in 1973. features a presentation by the ITS LENOX: Kenneth Haddock has staff, and concludes with “ Feasibili joined the First National Bank as ty , M edia A d v e r tis in g , C ost vice president/ag loans. He was Analysis, P rocessing” by Peter formerly executive vice president, Louderbeck, principal o f manage First Trust Bank o f Lakefield, Min ment consulting banking, Peat, nesota. Marwick & Mitchell, Newark, N.J. The registration fee is $50 in ad W H EATLAN D: Fifteen local in vance, $75 at the door, and starts at vestors have purchased First Trust 8:30 a.m. January 26. & Savings Bank from M orAm erica * * * Corporation, Cedar Rapids, to form D etails o f the IB A Annual the W heatland B ancorporation. Marketing Conference, scheduled First Trust & Savings has approxfor February 8-10 at the M arriott H otel in Des Moines, will appear in next week’s issue. * * * Bankers ASK JERRY TRUDO to make MNB work for you. Toll free 1- 800- 332-5991 Merchants A National Bank 151 Member F.D.I.C. A BANKS OF IOWA' BANK https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis The N orthw est Iow a G roup N A B W w ill have a breakfast m eeting beginning at 8:30 a.m. on February 13th at the Marina Inn, South Sioux City, Nebraska. Tom Huston, State Superintendent of Banking, will be guest speaker. Bank officers, that are presently members o f National Association of Bank Women, Inc., are invited and encouraged to attend this breakfast meeting which is held in conjunction with the Group 1 meeting. A N ITA : Daryl D. Suntken has re cently been appointed vice presi dent, agricultural loan officer at Anita State Bank, according to Jim Chelesvig, president. BOONE: David E. Frieberg has been elected assistant vice president in the farm department at the Boone S e r v ic e 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 records # # Carleton D . Beh Company Investment Bankers / Financial Consultants 1300 Des Moines Building / Des Moines, Iowa 50309 5 1 5 /2 8 8 -2 15 2 NEW ISSUE MOODY’S: A-1 $4,853,000 SCHOOL DISTRICT OF FORT ATKINSON, WISCONSIN General Obligation School Building Bonds DATED: February 1,1982 DENOMINATION: $1,000 -# 1 ,2, & 3 $5,000- remaining Both principal and semiannual interest (April 1 and October 1, first coupon due October 1,1982) payable at the of fice of the School District Treasurer, Fort Atkinson, Wisconsin . IN THE OPINION OF COUNSEL INTEREST ON THESE BONDS IS EXEMPT FROM ALL PRESENT FEDERAL INCOME TAXES MATURITIES $ 8,000 20,000 100,000 150,000 200,000 250,000 275,000 300,000 325,000 121/2% April 1, 1983 April 1, 1984 April 1, 1985 April 1, 1986 April 1, 1987 April 1, 1988 April 1, 1989 April 1, 1990 April 1, 1991 11.90% 9.50 9.50 9.75 10.00 10.30 10.60 10.90 11.20 11.50 $ 350,000 April 1, 1992 11.75 $ 850,000 12% April 1, 1993 12.00 $ 950,000 12% % April 1, 1994 12.25 $1,075,000 121/2% April 1, 1995 12.50 LEGALITY TO BE APPROVED BY MESSRS. FOLEY & LARDNER, ATTORNEYS, MILWAUKEE, WISCONSIN The School District of Ft. Atkinson is located in southeastern Wisconsin approximately 50 miles west of Milwaukee and 30 miles east of Madison. The majority of the District is located in Jefferson County and a small portion in Rock County. The school district offers a com prehensive program from Kindergarten through twelfth grade. Education is obtained through the facilities of one high school, one junior high school and three elementary schools. The 1980 school district population was estimated at 15,749 and the district employs 268 persons. The economy of the District is based on agricultural, industrial and commercial enterprises. Hog raising, chicken and egg production, and the growing of corn, hay and oats are the main farm pursuits. One of the largest companies in the District is Jones Dairy Farm. The company employs 450 people and sells it’s pork sausage, bacon and ham products nationally and internationally. Thomas Industries, Inc. employs 200 people in the manufacture of residential lighting equipment; Butler Manufacturing Co., Jamesway Division, employs 300 people in the manufacturing of agricultural machinery; and Nasco International Inc. employs 275 full-time employees and an additional 75 seasonal employees in agricultural, forestry and fur farm equipment and warehousing for teaching aids. The District is served by I-94 and U S Highways 18, 26 and 106. FINANCIAL STATEMENT Assessed Valuation, 1980 Equalized Valuation, 1980 Net Direct Debt, including this issue Net Direct Overlapping & Underlying Debt Population, 1980 estimate Combined net debt: Net direct debt: $271,872,814.00 316,862,323.00 8,759,133.33 15,753,191.57 15,749 $1,000.27 per capita $ 556.17 per capita We own and offer subject to prior sale and change in price and subject to our attorney’s approving opinion: 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 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 EPHutton & Company Inc. 4 BANK POLL... (Continued from page 1) erately. IR A /K eogh—Interest paid on these two plans was primarily in two categories; 40% said their banks of fered a rate o f less than 12%, 44% said their rate range was between 12 and 15%, and 16% did not answer the question. The interest rate of fered was reported by 39% as float for the basis, 42% had a fixed rate, 5% used both and 14% did not answer. NOW accounts—Had no effect on deposits at 74% o f the banks; 24% reported NOWs increased deposits, and 2% said they decreased de posits. A lso, 87% said NOWs in creased their costs; 1% reported they decreased costs, and 11% said they have no effect. A s s e t/L ia b ility M anagem ent—Asked, “ Is your bank m atching the maturities o f its assets to liabilities?” 82% replied yes, and 17% said no, 2% did not answer. Asked if they were pricing loans in accord with their cost o f funds, 97% said yes, 2% said no, 1% did not answer. Fed Pricing—Asked if they have adjusted their service charge sched ule to pass along any new or in creased costs to customers, 55% said yes, 44% said no, 1% did not answer. A bove $50 million assest, 74% said yes, $10 to $50 million said yes, and under $10 million, 40% said yes. Net Interest Margin—There is considerable variance here, and on average these were the responses: defining their m argin: 1% to 2% —2%; 2l/4% to 3% —23%; 3V4% to 4% —35%; 4 x/4% to 5% —24%; $Va to 6% —11%; Over 6% —2%; no imately $24.5 million in assets. J.B. Bowen, a retired banker and current board member of the bank, has been named chairman. Dennis M. Henn ing, who was with Fidelity Brenton Bank & Trust Company, Marshall town, for five years before joining First Trust last April, has been elected president and trust-officer Walk dow n the tellers line this m orn ing. Are you proud o f their appear ance? If not, call us and find out how only $1 .0 0 per day per teller will help. JPJUrdyioekïiK • CAREER APPAREL I 523 N. Main S t„ Carroll, Ia„ 51401 712-792-2748 | https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Farm Loan Delinquencies and Defaults/1982 “ What do you expect farm loan delinquencies and defaults might be in your area dur ing 1982?” Minn. Wise. South North Montana Mich. Dakota Dakota Much higher than normal 6% 3% 10% 10% 3% Somewhat higher than normal 39% 44% 64% 59% 57% Normal 38% 36% 24% 34% 30% Somewhat lower than normal 1% 1% 1% Much lower _ than normal 1% 1% No answer 16% 15% 5% 1% — answer—2%. Farm Credit System —Asked the question, “ Does your bank view the Farm Credit System as a com petitor?” the answers varied con siderably by states. Answering yes were: Minnesota, 42%; W isconsin and Michigan, 39%; South Dakota, 63%; North Dakota 61%, and Mon tana 72%. Sears Roebuck Entry into Bank ing—Bankers were evenly divided. While 49% said banks should be positioned by law and regulation to com pete with Sears on an equal basis, 48% said Sears expansion into banking should be stopped. Equity Loans—46% said they grant such loans, 53% replied they do not. O f the 46% granting them, only 10% reported an increase in them since January, 1981 Check Collection—Asked if they had made any changes in check col lection as a result o f Fed pricing, 55% o f the $50 million asset size said they were sending more checks to commercial banks, 28% o f the $10 to $50 million asset banks were do ing so, as were 13% o f the $10 million asset banks. Sending more checks to the Fed were 7% o f large banks, 6% o f medium size and 1% of small banks. When asked on whom they rely for check collection, 9% said they send primarily to the Fed, 72% said prim arily com m ercial banks, and 19% said both. Bank Marketing—80% said the marketing function was not defined in writing at their bank. A m ong the $50 million or more asset banks, this was 55%. Also, 73% o f all the banks said they do not have a marketing plan, 26% said yes, 1% did not answer. Asked who is in charge of marketing, 17% said a marketing of ficer, 68% said a bank officer with marketing as a secondary function, 7% said a marketing com m ittee, and 10% gave no answer. Compliance Examiners—10% o f the respondents said examiners were very helpful and focused on significant concerns; 36% said they were OK with the focus evenly split between significant and insignifi cant concerns; 21% said they were not very helpful and the focus generally was on picayune issues; 5% said not helpful at all and the ex aminer was viewed as an adversary; 1% did not answer. □ and director. David Buchanan, an area farmer, is vice president and director. M IN N E A P O L IS : N orthw estern National Bank has announced the Minnesota News BURNSVILLE: First Bank Burns ville has recently announced the ap pointment o f Richard Paschke to assistant vice president in retail banking, Patricia C. M itten to cash ier and security officer and Kevin Powers to commercial loan officer. F A IR F A X : The stockholders of Citizens State Bank o f Fairfax, recently voted to change the name of the bank to Fidelity State Bank of Fairfax, effective January 4. AUTDmflTED SVSTEiTIS □ f o u f l , i n c . “When it c o m e s to your insurance needs we put SERVICE first.” Serving Banks throughout the M idwest. 3 0 1 N . A n k e n y B lv d ., Suite 2 2 0 A n k e n y , Iow a 5 1 5 -9 6 4 -1 3 5 8 ^ f f £ % 9 CALL ON THE “PERFORM ANCE TEA M ” where comm on transactions are handled m com m only well. FIRST NATIONAL LINCOLN 13th & M Street • Lincoln, Nebraska 68501 • Member, F.D.I.C. ® election o f Stephen C. Holahan to vice president and head o f the finan cial services division in the national accounts department. Prior to join^ ing the bank, Mr. Holahan was em ployed with Manufacturers Hanover Trust Company in New York for eight years. CHICAGO: William E. Navolio was elected as senior vice president and associate general counsel; Thomas E. Raleigh as vice president and assistant general counsel; Martin Davis as vice president, and Judy Magree as assistant vice president, at Amalgamated Trust & Savings Bank. • CHICAGO: Thomas E. Skolar, Jr. was recently elected executive vice president and Barbara Jean Bos was elected assistant vice president at Lawndale Trust and Savings Bank, announced Janet D. Patterson, president. Nebraska News ATKINSON: First National Bank has recently hired David Draeger as loan officer trainee. Mr. Draeger was previously employed by the State • Banking Department. Illinois News The Illinois Supreme Court has £ agreed to an expedited hearing of the appeal from a Sangamon County Circuit Court opinion that the multi bank holding com pany law enacted by the 1981 Illinois legislature is • valid. The briefs will be heard January 27 and an early decision is expected. Appellants are M cHenry State Bank, First National Bank o f Lacon, • State Bank o f Arthur and Mar quette National Bank o f Chicago. Defendants are William C. Harris, Illinois commissioner of banks and trust companies, and the Associa9 tion for Modern Banking in Illinois. Mr. Harris was the original defen dant. A M BI requested and was granted status by the court in November as a party defendant. 9 Both sides joined in the appeal to the Supreme Court for the expedited hearing so the issue can be deter mined at the earliest date, since several Illinois banks have transac9 tions announced after the first of January that are pending. Call our Bond Department Getting it done for you. Wyoming News CHEYENNE: Auburn W . Dowdy has been named president and chief executive officer o f The First Na tional Bank and Trust Company of W yom ing as of January 1. He suc ceeds B.R. Weber, who will remain as chairman. Mr. Dowdy began his banking career in 1953 at the Stock Growers National Bank, serving m ost recently as executive vice president o f Affilliated Bank Cor poration o f W yom ing. South Dakota News SIOU X FALLS: Dwight Bordewyk has recently been elected vice presi dent and manager, Presho, of the National Bank o f South Dakota. He began his career with the bank in RAW LIN S: W alt Akin has been 1975 as a trainee. prom oted to vice president of the W yom ing Bank o f Rawlins. Mr. North Dakota News Akin has served the bank since 1979 D EVILS LAK E: Glenn D. Heitzand was form erly manager o f the in man has been named chief executive stalment loan department. officer at the First National Bank of Devils Lake, responsible for overall management. Mr. Heitzman has been em ployed the past seven years as executive vice president, cashier, chief executive officer and a director at Bonanza Valley State Bank in Brooten, Minnesota. J.P. Olsen is chairman and president at First Na tional in Devils Lake. "Opportunity^ Knocks..." W Montana News The Montana Bankers Associa tion is sponsoring three teller/staff conferences to be held Saturday, February 6, at The Crossroads, Miles City; Thursday, February 11, Tom Steffens Vice President John Henderson Vice President Tony Paugoulatos Jim McLaughlin Dave Wittenborn Asst. Vice President Asst.Vice President Bond O ffic e r Rick Patton Bond Representative 234-2462 234-2463 234-2647 234-2877 234-2673 t | i Commerce Bank of Kansas City https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis at the Colonial, Helena, and Satur day, February 13, at the University Center, University o f Montana, M is soula. This year’s agenda for the conferences will include communica tion skills, loss prevention and bank ing procedures. Registration will begin at 8:30 a.m. at each conference location. MEMBER FDIC V 234-2691 10th and Walnut (816) 234-2000 SERVING PROFESSIONALLY Banking, Financial & Business Personnel, Iowa and Nationwide Capital Personnel Service 714U.C.B. Building, 515-283-2545 Des Moines, Iowa 50309 FOR SALE OR LEASE PARTIAL LIST OF AVAILABLE POSITIONS PERMANENT OR TEMPORARY - Sale or lease financial facilities. Available immediately: 14'x60' in Nebraska, 14'x50' w ith 2 DUWs in Illinois, 14'x60' mobile-type in Missouri, 9'x12' teller buildings available, 14'x60' in Wyom ing. Permanent fa cilities to 4000 sq. ft. SON CORPORA TION, Box 684, W ic h ita , KS 67201, (316) 942-8167, call col lect. (FS or L) COMMERCIAL LENDER • NB bank seeks “ seasoned” in dividual w ith 5 + yrs of solid lending exp. Exposure to Agriculture is a definite + . $30 - $35K. SKI THE SUMMIT!!! N ew, th re e -b e d ro o m , th re e -b a th u n its available fo r sale or rent. Each u n it has its own redw ood hot tu b on the deck. C ontact: Dwayne Smith Paradise Properties, P.O. Box S D illon, C olorado 80435 Phone: 303/468-5846 or Ann M arie Phone: 303/468-2740 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 ^ ^ ^ ^ P h o n ^ 5 1 5 /2 4 4 -8 1 6 ^ ^ ^ ^ ^ ^ ^ ^ 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) FOR SALE Mosler Model FSW 1848 walk up teller unit. Never been used. Available immediately. First National Bank, Minden, Nebraska 68959. Phone 308-832-2030. (FS) POSITION WANTED “ 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) BANKERS AVAILABLE FOR FURTHER INFORMATION RESPOND IN CONFIDENCE TO: If you are seeking a qualified officer for your bank, we have the top applicants in the midwest. Listed below are a few of our current applicants: R O B E R T M flL F CEOs w ith heavy ag lending exp......................... to $50,000 Commercial Lenders............................................ to $32,000 Ag Lenders............................................................ to $25,000 Generalists (Operations/Lending)....................... to $36,000 Installment Lenders.............................................to$25,000 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 w ill assist you. Employer pays reasonable fee. POSITIONS AVAILABLE Office Manager for southern Iowa bank. Ag background h elp fu l............................................................ Salary $22,000 Operations officer for Wyoming bank in growing a re a .. . . ..........................................................................Salary $20,000 AG Lender for western Iowa bank................Salary $24,000 Cashier for south central Nebraska bank. Located near major c ity .................................................................... $18,000 LOAN OFFICER—Experience in installment, agriculture, and commercial lending for this growing $18 million south central Nebraska bank. Some trust experience would be helpful. Salary open. Write file OBN, c/o Northwestern Banker. (PA) Insurance Agent for community bank in good midwestern to w n .................................................................... Salary open. BRANCH MANAGER— Immediate opening for a branch manager in a St. Paul Suburban bank. Candidate must be well versed in all aspects of real estate lending, be able to lead and motivate sta ff members and possess new business development skills. Send resume to File PBA, c/o Northwestern Banker. (PA) Ag Position open in North Dakota com m unity near major c ity .................................................................. Salary $18,000 OPERATIONS OFFICER in newly organized western ND bank. Experience required. Salary based on experience and qualifications. Send complete resume w ith references to Box 787, Newtown, ND 58763. (PA) Number Two person for central Iowa com m unity bank. Must be generalist w ith solid operations background........ ...........................................................................Salary $28,000 Commercial Lenders for Florida banks.......... Salary open. 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. Financial management officer position available in Eastern Iowa com munity (Bank assets of $66 million). Must have 3-5 years banking experience in administering accounting systems and financial planning. Computer and investment analysis also required. Send resume to file PBB, c/o Northwestern Banker. (PA) BANK PLACEMENT SPECIALISTS (Our 33 rd year) Call 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 Bank Division of Iowa, Inc. 317 6th Ave. Des Moines, IA 50309 (515) 244-4414 ALL FEES COMPANY PAID BANKSFORSALE BANK OWNERSHIP CHANGES —Our Specialty— SELLERS - if you already have a buyer for your stock and there is a question of whether or not it is a fair price - we can make an indepen dent appraisal. BUYERS - if you are about to purchase controlling interest in a bank and there is a question of whether or not it is a fair price - we can make an independent appraisal. Those wishing to buy or sell - we can do the job for you if you are serious. CROWN BANKING SERVICES 325 W. Prospect Avenue Mt. Prospect, Illinois60056 ______________ (312) 392-5151 BANKING CAREERS If you are currently employed and wish to evaluate your career potential, my organization has open ing in the $12,000 to $40,000 range banks throughout the Midwest. All positions Job Orders #190-367 are employer paid. Call or write Jim Hogan, Dunhill, Suite 1122, 706 Second Ave. South, Minneapolis, MN 55402. (612) 333-6451. POSITIONS AVAILABLE TRUST OFFICER—requires trust generalist w ith 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 com puter systems. $25,000 SENIOR LOAN OFFICER— Experience in ag lending ($50 m illion bank) in community o f 8,000 population in northern Iowa. Salary open. W rite File OBS, c/o Northwestern Bank e r_____________________________________________ (PA) LOAN OFFICER—$11 MM central Illinois bank. Entails some operations duties. Prefer some banking experience. Good career opportunity. Send resume and salary re quirements to L.J. Neslon, Executive Vice President, Drawer G, St. Joseph, Illinois 61873. (PA) SR. BRANCH MGR. ■ IL based S & L seeks individual with 2-4 years of solid S & L exp. Strong administrative and operational skills required to maintain a high stan dard of customer service. Must have strong managerial abilities. To $12K. #2 AG LOAN OFFICER ■ Need highly motivated, im pressive Ag Lender looking to move into #1 spot. In surance exp a + . Excellent promotional oppty. $25K. Trust Officers....................................................... to $30,000 “ A very aggressive bank w ith strong growth record has a position open for an o fficer to assume responsibility for the marketing activities of our bank. Opportunities available to assist in the supervision of bank operations. Experience in bank marketing desirable. Looking for in dividual w ith leadership abilities. Complete job descrip tion and details available. Inquiries w ill be held confiden tia l.” Write file PBE c/o Northwestern Banker. (PA) COMMERCIAL LENDING OFFICER - Excellent oppty ex ists for experienced comm’l lender who can lend assistance and m aturity to a young, energetic staff. Heavily Ag related position with a lot of comm’l activity. $25-$30K. Eleven and one-half years experience in all phases of banking. Would consider any position. Prefer second man in an Eastern Iowa rural bank. Write file PBC, c/o North western Banker. (p w ) Operatlons/Cashlers.........................................to $28,000 POSITION AVAILABLE C.E.O. - Northern bank seeks officer fam iliar with all facets of banking w ith emphasis on Agriculture. In surance exp a + . Excellent benefits and salary. $35 -$40. COMMERCIAL LENDER— ideal situation for lender w ith 2 yrs. or more commercial experience. Would be #2 in dept, with room for advancement. $24,000 When it comes to agriculture, banking and personnel. . . go to the specialists — go to A GRIcareers, Inc. Progressive bankers pay us to find the people they need. Ag Lend. O ff.......... Cred. Mgrs. (2)___ Ag Loan Off. (2 )... Ag Loan O ff.......... Cred. Supv. & Anal. Branch Mgrs. (2).. Cent. W l. $16-22,000 .Cent. IA .$20-23,000 .......... IA . $20-25,000 ........ MN . $20-23,000 .......... IA . $18-22,500 ........ NE . $18-25,000 Ask the ag banking specialists what’s available without cost or obligation. NEW HAMPTON. IA 50659 MASSENA. IA 50853 I (515) 394-3145 (712) 779-3744 aqn CAREERS, INC. THE ORIGINAL AGRICULTURAL RECRUITER 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 w ith 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, subm it resume' and salary information. TOM HAGAN & ASSOCIATES of Kansas City P .O . B o x 123 46 , 2 02 4 S w ift N o r th K a n sa s C ity , M O 6 41 16 8 1 6 /47 4-68 7 4 “ S e rv in g th e B a n k in g I n d u s t r y S in ce 1 9 7 0 ” Vol. 10 No. 39 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)r manuscripts, mail items to above address. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
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