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• Vol. 16 No. 40 Des Moines, Iowa It’s Time to Stand Up And Be Counted Today! today's date of this Newsletter, commercial bankers IhaveNCLUDING ju st 43 days left in which to make their opinion known to their Congressmen that they want the Moratorium lifted, as promised, by March 1, and new powers to com pete with other segments of the fi nancial industry. This all-out effort should include a personal letter or postcard from every officer, staff member, director and their adult family members... and customers, if possible. ABA and IBA A offices have furnished com plete details to each member bank. If you need details for your letters and those of the other parties noted above, contact your state associa tion office at once. Congress will gauge the intensity of banker inter est in this critical matter by the level of input generated by bankers. This is one job the lobbyists can’t do for the membership. It requires your personal involvem ent. A few minutes spent on this legislation to day can mean years of greater pro ductivity for all banks, so act now! FDIC Nixes Regulation Requiring Outside Audits FD IC Chairman William L. Seidman said the agency is dropping its proposal for a full-opinion, outside audit of banks because “well over 90 percent of the banking institutions with more than $100 million in assets already have an opinion au d it. . . For banks under $100 million, only 58 percent have a full opinion audit. We believe many smaller institutions that do have audits could improve safety and soundness if a less than full-scope audit could be designed for this pur pose.” He added that his staff is endeavoring to develop an “afford able special audit for small banks,” working with CPAs and the banking industry. Nebraska News LB 664e, the Farm Mediation Act, was recently debated by the Nebraska legislature. It failed by two votes to advance to Select File status and remains on General File. LB 488, which would provide for the deposit of public funds in stock S & Ls beginning in 1990, was amended and advanced to Select File. LB 703, which would allow for de novo branch banking, was held over. Amendments to limit branching to Douglas, Sarpy and Lancaster coun ties are reportedly being drafted to be considered in the future. B E L L E V U E : Among recent promo tions at First National Bank of Bellevue were the advancements of assistant vice presidents Terry L. Zaback and Bernie Pilachowski to vice presidents, in commercial len ding and installm ent lending, respectively. Jeff Sims Correspondent Services https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis January 18,1988 LINCOLN: Curt Denker, vice presi dent at Vistar Bank, has been pro moted to manager of the commercial/executive lending department. He has been with the bank since 1983. Iowa News The Iowa Independent Bankers Association will sponsor “Bank Management Considerations: 1988” on January 28 at the Hotel Savery in Des Moines, from 1:00 to 5:00 p.m. The seminar is a review of the changes in late 1986 and in 1987 af fecting bank capital as well as in surance, real estate and securities activities. Topics include purchase and assumption; merger and acqui sition; D & O liability; minority shareholders; cease and desist; FDIC bank sales; insurance, real estate and securities, and loan loss amortization for ag banks. Registra tion fee is $90 for first registrant and $75 for each additional. To reg ister, contact the I IB office. * * * The Iowa Bankers Association Board and Legislative Committee will be holding a joint meeting on January 21 to discuss strategy need ed to pass legislation 1) establishing a central notification system and 2) putting a $5000 cap on life in surance exemptions from bankrupt cy. Bankers are asked to contact their group secretaries with input on these issues prior to the meeting. Of particular interest are specific exam- Stuart Becker _ Correspondent Services 2 NORWEST BANKS wmmmm IV Y f fI Norwest Bank Des Moines, N.A. COL. GORDON E. TAYLOR Call (515) 245-3131 or toll-free (800) 362-2514 Box 949 - Mason City, la. 50401 515/423-5242 Member FDIC Professional Auctioneer Real Estate Broker and Appraiser Yearn work: one of the reasons we’re first in Iowa. be consummated during the latter part of 1988. Minnesota News John Rigler Jay Nichols pies where abuse of the life in surance loophole has taken place. * * * The Central Iowa Chapter of the Bank Administration Institute will meet on January 21 at the Botanical Center in Des Moines. Tours of the Center end at 5:30 p.m., when a social hour will be held followed by dinner at 6:30. Guest speaker is Don Allen, who serves the FD IC in the bank liquidation area. Fee is $10 for members or $13 for non-members. Contact Joyce Buck at Central State Bank in State Center to register. He joined American Federal in 1982 and prior to that was employed by Brenton National Bank of Des Moines and Capital City State Bank. HAWKE Y E : Leon J . Deitzenbach has been promoted to executive vice president of Citizens Savings Bank. He joined the Bank in 1978 and was elected vice president and cashier in 1981. WATERLOO: A letter of intent has been signed for the proposed ac quisition by Iowa National Bankshares Corp., Waterloo, of the Oelwein State Bank. The Oelwein bank D ES M OINES: Norman R. Hougham has been elected senior vice has assets of about $66 million. president of American Federal Sav Under terms of the letter of intent, ings and Loan Association of Iowa. the Oelwein State Bank would become a wholly-owned subsidiary of INBC through a transaction in which INBC will exchange newlyissued common stock and cash for the common stock of the Oelwein bank. The transaction is expected to The Minnesota Bankers Assocition and the American Bankers As sociation will co-sponsor the fourth annual Bank Compliance Sympo sium on February 4. Keynote speaker will be Sen. Christopher J . Dodd (D-CT), chairman of the Sub committee on Consumer Affairs, Senate Banking, Housing and Ur ban Affairs. The teleconference will be held at the Hilton Inn in Minnea polis. For more information, contact the M BA office. MINNEAPOLIS: First Bank Sys tem has announced the following ex ecutive officers of First Bank, the bank created by the merger of its 32 Twin Cities offices effective January 4: Richard W. Schoenke, chairman (he continues as vice chairman of First Bank System); William F. Far ley, president of consumer and small business banking; Alan F. Naylor, president of special industries; Ja y B. Walters, president of corporate banking. M INNEAPOLIS: Norwest Corpora- A Meeting Of The Minds. At Security National Bank, our minds are on meeting all your Correspondent Banking and Investment needs. We’re Security for you! Dick Retz Ron Kiel MNB Correspondent Banker Linda Rodehorst Correspondent Banking Officer Together We Can Accomplish Great Things Call 319-398-4806 or toll free 1-800-332-5991 Investment Representative SECURITY NATIONAL BANK 712-277-6736 IN SIOUX CITY, IOWA. MEMBER F.D.I.C. 712-277-6745 I t's easier to talk Iowa banking with people who live it — people like Ben Eilders and the correspon dent staff at Bankers Trust. Call 1-800-362-1688 or 515/245-2424. The" Strength of Eastern |owa National Bank Digitized forMerchants FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis IS BankersTrust Des Moines, IA 1 / Ben Eilders M em ber FD IC Sen ior Vice Presid en t BANKING PERSONNEL SPECIALISTS BANKERS AVAILABLE NM-1 LOAN OFFICER/INSURANCE MANAGER—Holds Real Estate and Insurance Licenses. Responsible for 3.8mm Loan portfolio. Ten years of auditing and management experi ence. Good balance of farm and business background. A reference stated, “ He is articulate about his work, he pays attention to detail.” $25,000. Call 712-779-3567. NM-6 LOAN 0FFICER/VP—Eleven years lending experience, solid Ag background and proficient in computers. Areas of experience include SBA and FmHA loans. Real Estate sales, Hail insurance sales and adjuster, and Commodity broker. Excellent Management skills. Works all loans. $30,000-$35,000. Call 712 779 3567. NM-2 LOAN OFFICER—Two-and-one-half years VP experi ence with Ag, Commercial, and consumer lending expo sure in a 10mm NE Bank. Direct responsibilities for collec tions, and approving FmHA loans. Good banking experi ence with annual budget planning, supervision, and mem ber board of directors. Prefers NE or IA. $25,000-$30,000. Call 712-779-3567. NM-7 VP/L0AN OFFICER—4 years as VP in NE Bank. Re sponsibilities include all types of lending, budgeting, com pliance, planning. In charge of writing loan policies and bank marketing. 9 years in credit and 6 years as bank examiner. BS in Economics, Excellent lending and man agement skills. $40,000. Call 712/779-3567. NM-3 BANK MANAGEMENT/CASHIER—13 years bank experi ence. Excellent cashier and CFO work performance. Strongest in operations but not weak by any means in lending. Holds BA in Economics and Business Administra tion. Has In-depth experience in all areas of the bank. $35,000. Call 712/779-3567. NM-4 AG LOAN OFFICER—Four-and-one-half years lending experience includes county supervisor with FmHA. BS de gree in Ag Economics. “ A young energetic lender who knows what to do.” States a reference. Great with guaran teed loans. Very knowledgeable for his age. $22,000. Call 712-779-3567. NM-5 VP/L0AN OFFICER—Primary credit officer of 9mm Portfolio. Proven capabilities in all facets of lending. 5 years as VP of 16mm IA bank. Two-and-one-half years with FmHA. BS in Ag Business. Numerous credit courses. Experience in appraisals. “ He makes good sound credit decisions, we hated to lose him,” quoted a reference. $31,000. Call 712/779-3567. NM-8 CE0/CF0—Summa Cum laude in Economics and Fi nance. CPA with honors. 15 years supervisory experience, 5 years as president and 5 years as Chairman of the Holding Co. Responsible for turning troubled bank to profitability. Knows Insurance and computers. Strong leader. $40,000-$50,000. Call 712/779-3567. NM-9 PRESIDENT/CE0—Three years experience as presi dent, CEO of 41mm Bank. Over 14 years experience as field manager, supervising more than 30 national Banks and personnel exams. “ He is one of the top bankers I’ve had the priviledge to work with,” quotes Carl Pohlad of F&M M arquette N ational Bank. $60,000. Call 712-779-3567. NM-10 AVP/L0AN OFFICER—10 years lending experience. Strong Ag background with FmHA and PCA lending. Re sponsible for 3.5mm portfolio including commercial, Real Estate, and Ag loans. Also in charge of 1.5mm investment portfolio. “ His documentation skills and credit knowledge are excellent. He is the best business developer I’ve seen.” quotes a reference. $25,000>$30,000. Call 712/779-3567. We serve as the source to locate candidates who meet your qualifications and are interested in your bank, community and salary range. We are available to assist but allow and encourage your direct contact with our candidates. You make the choice and decision without pressure. , , , MARTY REW 712/779-3567 Hwy. 92 W., Box 140 Massena, IA 50853 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Our fee is paid by the employer and is based on a percentage of the first year’s compensation. All placements are guaranteed. A complete explanation of our services, fees, and guarantees will be sent at your request. ANNETTE FAHNING 515/394-5827 Hwy. 63 S., Box 307 New Hampton, IA 50659 NA-11 AG LOAN OFFICER—Five years ag lending experi ence in bank. Conducted farm call program. References state, “ terrific personality, community oriented, outgoing, good in public relations and good business sense.” Knowledgeable with computers. BS Degree. Prefers IA or MN. $27,000-$30,000. Call 515-394-5827. NA-12 BRANCH MANAGER/AVP-ISU Graduate wants to continue career in the financial industry with special inter est in the areas of accounting, lending, operations and budgeting. Reference said, “ will do a very good job for someone. Very aggressive...go getter. He’s good in new business, very motivated...far exceeded goals set. Very devoted and a fast learner.” Six years experience with Fi nance Degree. $28,000-$35,000. Call 515-394-5827. NA-13 VICE PRESIDENT—Ag background includes ag sales, FCS and banking. Supervised and managed 5mm ag portfolio. Familiar with FmHA Guarantees. Ability to do cross lending and work with bank related services. Reference reports, “ has good rapport with farmers. Strong communication and documentation skills and can handle pressure.” Ag Business Degree. Will re-locate. $30,000-$35,000. Call 515-394-5827. NA-14 OPERATIONS AUDITOR—Has 20 years plus experi ence in banking operations and auditing. “ Has real NUTS AND BOLTS knowledge of bank operations. Mature, dedicated and hardworking,” says reference. Attended and taught banking classes and seminars. Willing to relocate. $30,000 plus. Call 515-394-5827. NA-15 VICE PRESIDENT—Sixteen years experience in real estate, commercial, consumer and ag lending. Knowl edgeable in bank operations... pay roll, call reports and in vestments. “ Working in problem bank and performed very well during some difficult times.” commented reference. Offers maturity and experience. Available immediately. BS Degree in Business Administration. Attended Graduate School of Banking and Post Graduate School of Banking. $2S,000-$30,000. Call 515 394 5827. NA-16 AG LOAN OFFICER—Bank experience as Ag Loan Of ficer for one year and Special Credit Office with FCS for about two years. Reference commented, “ Quick learner, makes sound decisions and has detailed, thorough docu mentation. Analytical abilities far exceed amount of on hand experience. Animal Science Degree. Prefers upper midwest. $30,000. Call 515-394-5827. NA-17 OPERATIONS OFFICER—“ Computer mind, very sharp with figures,” quotes reference. “ Excellent rapport with customers and understands mechanics of banking,” says another reference. Over ten years experience as cashier and auditor. Attended banking schools and seminars. $2B,000-$30,000. Call 515 394 5827. NA-18 CEO—Mature, experienced person with 30 years experience seeking management position. Expertise in helping financially troubled banks become viable institu tions and upgrading bank image to obtain new growth. Ex perienced in all phases of bank management and opera tions. Enjoys community, involvement. Attended AIB and Graduate School of Banking. Available immediately and will relocate. $50,000 plus. Call 515-394-5827. NA-19 AG LOAN OFFICER—FCS & FmHA lending experi ence. Familiar with dairy, swine and crop farming. Enjoys computers. Experience includes on hands lending and credit review. “ Excellent analytical ability, good farm back ground and detailed documentation,” reports references. Ag Degree. $25,000. Call 515-394-5827. NA-20 LOAN 0FFICER/0PERATI0NS—Experienced bank ex aminer and ag lender. “ Meets people well, fast learner and knowledgeable in credit,” states reference. Prefers upper Midwest. $20,000 plus. Call 515-394-5827. POSITIONS AVAILABLE CONTROLLERfOPERATIONS OFFICER- AG LOAN OFFICER—25mm ND Bank CEO—No. Iowa bank seeking mature, 75mm plus bank in need of operations officer. Three-five years operations ex perience. Must have good human rela tion and management skills. $30,000- experienced individual with CEO or President experience. Ag background a must. Opportunity for possible ownership. Close to college town. $40,000. needs ag lender with ability to handle commercial accounts. Bank or FCS background. Large trade area offers good hunting, fishing and winter rec reation. $25,000-$35,000. $40,000-$45,000. INSURANCE—SW MN Bank seeking in dividual with insurance sales experi AG LOAN OFFICER—Small Iowa college ence. Lending background helpful. SR. L.O.—No. Missouri Bank needs ex town in need of ag lender with FCS Need to develop new business, main perienced loan officer to handle all lending functions. Knowledge of operations helpful. Must be a go-get ter, take charge person. Could lead to #2 position in bank. $25,000-$30,000. background. Requires two or more years of experience. Opportunity to learn all bank functions with marketing responsibilities. Must have a 4-year Ag Degree. $22,000-$2S,000. tain existing business and help in lend ing and auditing. Must have ability to take charge and enjoy sales. $20, 000- $22,000 base, plus commissions. Great potential. I 712/779-3567 Hwy. 92 W., Box 140, Massena, Iowa 50853 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis aqn careers,inc. 515/394-5827 Hwy. 63 S., Box 307, New Hampton, Iowa 50659 + # OVER 60% f OFALL BANKS IN OUR M ARKETAREA ARE NOW INSURED B Y THE KANSAS BANKERS SURETY COM PANY That’s R ig h t. . . In th e nine states w e serve w e h ave solved th e bon din g needs for 6 of every 10 banks. That's over 16.4% of all banks in the United States SUPERIOR SERVICE MOST COMPETITIVE PREMIUMS REALISTIC UNDERWRITING PROMPT CLAIMS SERVICE IF YOU’RE NOT GETTING THE SAME FROM YOUR BONDING COM PANY... GIVE US A CALL - YOU’LL BE GLAD YOU DID. THE KANSAS BANKERS SURETY COMPANY DONALD M . TOW LE President DAVID E. ABENDROTH Senior Vice President 611 K a n sa s A ve n u e P.O . B o x 1 6 5 4 T o p e k a , K a n s a s 66 60 1 Phone 1 -9 1 3 -2 3 4 -2 6 3 1 FINANCIAL INSTITUTION BONDS, SAFE DEPOSITORY LIABILITY, CHECKS KITING FRAUD INDEMNIFICATION, DIRECTORS AND OFFICERS LEGAL DEFENSE AND LIMITED INDEMNITY POLICIES https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis OVER 60% OFA U BANKS IN OUR M ARKETAREA ARE NOW INSURED 4 B Y THE KANSAS BANKERS SURETY COM PANY That’s R ig h t. . . In th e nine states w e serve w e h ave solved th e b on din g needs for 6 of every 10 banks. Thafs over 16.4% of all banks in the United States THE REASONS. . . SUPERIOR SERVICE MOST COMPETITIVE PREMIUMS REALISTIC UNDERWRITING PROMPT CLAIMS SERVICE IF YOU’RE NOT GETTING THE SAME FROM YOUR BONDING COM PANY... GIVE US A CALL - YOU’LL BE GLAD YOU DID. THE KANSAS BANKERS SURETY COMPANY DAVID E. ABENDROTH Senior Vice President 611 K a n sa s A ven u e T o p e k a , K a n sa s 66 60 1 Phone 1 -9 1 3 -2 3 4 -2 6 3 1 FINANCIAL INSTITUTION BONDS, SAFE DEPOSITORY LIABILITY, CHECKS KITING FRAUD INDEMNIFICATION, DIRECTORS AND OFFICERS LEGAL DEFENSE AND LIMITED INDEMNITY POLICIES https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Serving th e H e artla n d of A m erica since 1 9 09 SYSTEM REQUIREMENTS HARDWARE: IBM AND IBM COMPATIBLE COMPUTERS. MEMORY: MINIMUM OF 3 8 4 K I S D EV IC ES : ONE FLOPPY D IS K AND A 20MEG HARD D IS K , P R IN T E R . C O ST: SIN G LE COPY $ 1 , 2 9 5 . 0 0 NECESSARY WITH 3 . 1 OR HIGHER DOS DOT MATRIX REPORTS A V A ILA BLE: BALANCE SHEET WITH SUPPORTING SCHEDULES. SIN G LE OR DOUBLE COLUMN BALANCE SHEET PRIN TO U TS. PROJECTED/ACTUAL QUARTERLY CASH FLOW STATEM ENTS. F IV E -Y E A R TREND A N A L Y SIS. C RED IT ARRANGEMENT. DEBT REPAYMENT A N A L Y SIS. COLLATERAL MARGIN. LIQ U ID A TIO N MARGIN. C RED IT SC O RE. WATCH L I S T INFORMATION. ALONG WITH SEVERAL ADDITIONAL FEATURES THAT W ILL A ID IN THE MANAGEMENT OF YOUR AG LOAN P O R TFO LIO . WITH AGMGR'S 3 0 DAY FREE T R IA L , YOU R E C E IV E A WORKING S E T OF D IS K S TO IN STA LL AND T E S T FOR 3 0 DAYS. DON'T TAKE OUR WORD, SE E I T FOR YO U R SELF. A B IL L IN G W ILL BE SENT IN 3 0 DAYS, MAKE YOUR D EC ISIO N AT THAT T IM E . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis FOUNDERS FINANCIAL S E R V IC E S / ’iNCT 1530 SOUTH 70TH, SUITE 102 LINCOLN, NEBRASKA 68506 (402) 489-2444 presents: A G M G R AUTOMATION OF THE LOAN PORTFOLIO A fresh new approach to the time consuming task of managing the AG loan portfolio. While other bank software packages were designed from the farmers standpoint, the newly developed AgMGR (pronounced "AG Manager") software package from MGR Software, Inc. was designed with the aid of ag loan officers to offer lending institutions a standardized method for handling and evaluation of financial information. The forms were originated by a group of corporation employees whose backgrounds included Government Agency, Farm Credit Systems, and Commercial Bank lending experience. The forms that were developed included an extensive cash flow, balance sheet, trend analysis, and credit arrangement with a credit scoring system designed to compliment the package. SEND FOR OUR 30 DAY FREE TRIAL YES! I'M INTERESTED IN THE 30 DAY FREE TRIAL, PLEASE SEND TO: NAME: _____ BANK: ADDRESS : CITY: PHONE: https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis STATE: ZIP: FirsTier Correspondent Services ^ ^ III ^ 111^ III 3 More of what it takes to serve you well. ^ F irs T ie r B an ks Lincoln • Omaha FirsTier Bank, N.A., Lincoln and FirsTier Bank, N.A., Omaha, Members FDIC tion has appointed John E . Ganoe and J . S c o tt Spiker to vice presidents; as director of strategic planning and acquisitions and as ac quisitions manager, respectively. Mr. Ganoe had been manager of policy, standards and procedures. Mr. Spiker was a senior vice presi dent in acquisitions at Mark Twain Bancshares, Kansas City. M INNEAPOLIS: Laurie Miller has been nam ed v ice p re s id e n t, employee benefits at Marquette In surance Group. Prior to joining Mar quette, Ms. Miller was assistant manager of employee benefits at Great West Life in Minneapolis. ST. CLOUD: Duane Otremba has joined Zapp Bank as director of tra in in g . He was p reviou sly associated with Simplified Software Systems and First American Na tional Bank. Marcia L. Puls, a Zapp employee for five years, has been named vice president/planning and levelopment. Richard O. Holtberg, nth Zapp for three years, has been "named vice president of operations. Illinois News Jam es D. Martin, formerly Depu ty Commissioner of Banks and Trust Companies for the State of Il linois, has joined the Illinois B ankers A ssociation s ta ff as legislative consultant and counsel. CHICAGO: Alvin G. Wilner has been elected senior vice president of Harris Bank. He is staff executive in administration for the operations department. He joined the bank in 1961 and has held a number of posts 'Professional assistance in hiring BANKING and career advancem ent" LàREHgS quality service by experienced professionals 525 Merle Hay Tower Des Moines, Iowa 50310 515-276-1151 P Sandi Garner 515-832-1258 Tues / Wed / Fri Jean Eden 515-276-1151 Confidential. Fees Paid by Employer. in operations, including head of the check processing division. CHICAGO: Bernard J . Lovati has been promoted to vice president of Amalgamated Trust & Savings Bank. He joined Amalgamated in April, 1987 as assistant vice presi dent. Prior to that he was employed by Owen Wagener and Co. and Na tional Boulevard Bank. North Dakota News VA LLEY CITY: Doug Anderson has been named cashier and vice president of operations at First Na tional Bank of Valley City. He joined the bank in 1984 and most recently served as cashier and opera tions officer. Wyoming News SH ERIDAN : Carla J . White has been elected cashier at Sheridan Na tional Bank. She has been with the bank since 1984, and was elected as sistant vice president in 1985. Come to the Investment Specialists committed to quality. FV To: Bank President... We can find that key person your bank needs through our na tional network of bank recruiters. Call Us! □avid L. Hansen, CCP Serving bankers quietly and efficiently. H A M ILTO N CAPITAL PER SO N NEL SERVICE ASSOCIATES 714 First Interstate Bank Building Des Moines, Iowa 50309 515-283-2545 100 Court Ave., Suite 3 0 6 Des Moines, Iowa 5 0 3 0 9 5 1 5/28 2-0 221 PRES/CEO Dwayne Smith Banking, Insurance and Leasing Specialist (515) 224-0830 SALES CONSULTANTS 1501 50th Street #210 West Des Moines, IA 50265 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Looking for qualified individual w ith broad base of lending & operations experience for the Hawkeye State Bank, Iowa City, IA. Salary range o f $40-$60K de pending on education & experience. Interested parties should send resume on a confidential basis to: Donald E. Holder Holder and Associates 405 Main Ames, Iowa 50010 or call (515) 232-0814. In these times of change and uncertainty, rely on the time-tested quality invest ment recommendations of the Investment Banking Division of United Missouri Bank. UNITED MISSOURI BANK Member FDIC Q f 1 ^ ^ 10th & Grand • P.O. Box 226 Kansas City, Missouri 64141 • (816) 556-7200 4 POSITION AVAILABLE HEAD OF COMM’L LENDING needed for $200MM + + Metro bank. Prefer formal credit training and 5 + yrs ex perience. Excellent opportunity to advance. Send resume to FileNo. WLZ c/o Northwestern Banker. (PA) Six bank holding company seeks SENIOR LENDER to oversee the entire lending function. Salary commensurate w ith experience. Send resume to File No. WMA c/o North western Banker. (PA) AG LOAN OFFICER—$30MM S.W. Minnesota bank has immediate opening for ag lending officer w ith some knowledge of bank operations. An excellent opportunity to become #1 ag lending officer. 3-5 years experience & related agricultural degree. Must have a bility to put together farm loans, statements & cash flows. Salary range open. Send resume to File No. WMM c/o North western Banker. (PA) INSTALLMENT LOAN OFFICER. $15MM bank. Rural South Dakota community. Requires 1-2 yrs. installm ent lending experience. Send resume to File No. WMN c/o Northwestern Banker. (PA) AG LOAN OFFICER. $17MM Illinois bank seeks young FLB/PCA trained individual, 2-5 yrs. experience desired, able to relocate prom ptly w ith minimal inconvenience, who is desirous of a banking career. Sound personal back ground desired. Salary commensurate w ith experience. Send resume to: Jan LaDue, V.P., State Bank o f Sherrard, Box 455, Sherrard, IL 61281. (PA) CUSTOMER SERVICE REPRESENTATIVE Requires 4 yr. degree (business related), 2 yrs. banking experience, ex ceptional com m unication skills & be w illing to travel. Salary base at $15K. Send resumes c/o Colleen Doyle, Per sonnel Specialist. Banks of IA Computer Svcs., 4333 Edgewood Rd. N.E., Cedar Rapids, IA 52406. (PA) POSITION WANTED 25 YEARS of experience w ith solid background as opera tions and adm inistration office r handling investments, discount brokerage, excess funds, some marketing. Skilled executive secretary handling all details fo r bank board and holding company. Contact File No. WMO c/o Northwestern Banker. (PW) FOR SALE “ THE RIGHT FIT” B anking Placem ent Specialist CANDIDATES OF THE WEEK: SR. LENDER ■ Degree and nearly 8 years in banking with strong commercial and ag skills. Presently #2 in bank over $100 million - a cash flow lender who knows the tools. Very community conscious. $ to 50K (incentive oriented). AG LOAN OFFICER - B.S. Ag Eco nomics with distinction and over 5 + years ag loans (sat on loan commit tee for all loans) and attended com mercial lending school. Big system trained. Super references. $25-30K. Members of a nationwide recruiting network for top selection. Contact our Sue Lundquist Bank specialists Mel Hansen CPC — ELLS Ells Personnel Systems 1129 Plymouth Building Minneapolis, MN 55402 612-333-1131 CELEBRATING OUR 75th ANNIVERSARY BY SERVING OUR BANKING CLIENTS WELL! BANKERS AVAILABLE CEO Is your quality rural bank looking for someone who under stands borrowers’ needs yet accomplishes bank’s goals? 10 + year banker w ith strong operations and lending background developed in $10-30M bank environment. Looking for com m itted community bank to grow w ith and prosper. $30K. INVESTMENT OFFICER Holding company training. Diverse experience in trust, lending etc. Set up asset/liability management committee fo r portfolio of $200M + . Fantastic image, strong analyti cal skills graduate school banking. $50K. SENIOR PROGRAMMER MBA from Drake. Six + years industry background in both insurance and banking environments. Very fam iliar w ith MSA software packages. Very detail oriented. $34K. FOR FURTHER INFORMATION CONTACT KURT ROSENCRANTS ROBERT HALF OFMWM.MC. 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 ALL FEES COMPANY PAID PORTABLE BANK BUILDING. 14’ x 65’ w ith Mosler vault & drive-up equipment + m iscellaneous other equipment. Contact W ilton Savings Bank, Wilton, IA (319) 732-2077. (FS) 2 NCR 1780 ATMs. Best offer. C ontact First Interstate Bank o f Cresco. (319) 547-2244. (FS) FOR SALE RECONDITIONED BRANDT Coin Sorters-Counters BRANDT Currency Counters New Warranty 402-571-5577 0 ? BANKING "-A V P . Make your move to commercial lending! : have 2 + yrs consumer ag lending, combined w ith || | | credit analysis training, you can w rite commercial v loans! Positive self-image, strong communicator. ; mHigh performing bank, promotional opportunities, /■; and outstanding com m unity. Full benefits, base and j f incentive bonus! .......................................Call Bruce. TRUST MANAGER. This w ill appeal to the general ist! In managing th is a ffilia te tru st fo r a profitable | | holding-company you w ill sell products, manage/ f tg direct staff, set strategic planning, adm inister some key accounts. Fine promotional opportunities from | B th is office. Need 4 + yrs of E.B. and/or personal ^ || trust w ith solid professional career record. Ripe | 1 market place, experienced adm inistrative staff, professional/supportive management and full benefits, | I percs, base plus bonus! .......................... Call Bruce. 1 | CREDIT ANALYST. A high performing holding com- I pany needs your 2 + yrs credit analysis to join in | their cnedit department. Analyze, review and recom mend on th e ir large credits. 25,000 community, fu ll 1 b e n e fits !..................................................... Cal I Bruce. I INSTALLMENT LOAN OFFICER. $125MM lead hold- | S| ing company bank needs your consumer credit ex- I ; perience and abilities. Excellent opportunities for | upward m obility! ......................................... Call Marj. AG LOAN OFFICER. Farm background, technical f degree, strong accounting for $165mm bankl C.P.A. helpful, knowledge of com puter cash flow s a plus. I ........................................................................Call Marj. I MARKETING/SECURITIES SALES OFFICER. Hold- | p in g company bank $60 + mm needs brokerage or | mutual funds experience w ith Series 6-7 license. | . C.F.A. a bonus. Salary plus liberal commission structure! ......................................................Call Marj. j AVP • AG LOAN OFFICER. $32mm bank requires 3 + years ag loan experience w ith general lending I knowledge. Upward m obility for “ people” person! K: ........................................................................Call Marj. * Partial Listing. Positions available throughout iS Midwest. Call or send resume in com plete confidence. 4personnel Search 1126 So. 72nd St. Om aha, N e. 68124 POSITIONS AVAILABLE CASHIER/CONTROLLER— Expanding fin an cia l group needs a capable professional w ith 10-12 years experience in banking or com bination of banking and public accounting........................................................................... To $40,000. W EXECUTIVE VICE PRESIDENT— Recent promotion has created an opening for an experienced lender w ith both Ag and Operations background. Nice rural com m unity close to metro area......................................................To $40,000 n AG LENDER—Well run small country bank looking for stable, dedicated banker to serve in #2 position. ............................................................................... To $32,000. Financial Careers, Inc. Two Ruan Center/Sulte 1000, Des Moines, IA 50309 515/245-3786 Em ployer pays fee. Please contact Lorraine Lear or Malcolm Freeland con cerning these and other Midwest banking opportunities. POSITION WANTED Dedicated individual w ith dynamic personality de sires opportunity to achieve success w ith your organization. Strong lending experience & busi ness development skills com plim ent manage ment abilities. Let’s grow together & visit soon about your opportunity. Resume & references upon request. Compensation negotiable to oppor tunity. Please call or write: f . Stephen Church, 15401/i N.E. 5th Ave., Rochester, MN 55904-4124. (507)289-0160. (PW) POSITIONS AVAILABLE COMMERCIAL LENDER— Do you like business develop ment? A medium sized bank located in a great Minnesota city is looking for a motivated commercial loan manager. Desire 3 + yrs. com ’l lending exp., strong analytical skills and a degree. An excellent opty. for an individual looking for a step up. To $40K. Job #NW2734 Q AVP/CASHIER— Have you been waiting for a mgmt. posi tion? A small bank located in S.E. Minnesota seeks a #2 person w ith strong ag lending and operations exp. Must be degreed w ith 5 + yrs. lending exp. To $35K. Job #NW2735 w VICE PRESIDENT— Have you been w aiting for the move into the #2 spot but haven’t been given the opty? A $ 3 0 m c g ^ ^ , bank in So. Minnesota seeks an ag lender w ith 3 + y r ^ ^ B exp. If you enjoy com m unicating w/agri-business c l ie n t s ^ ^ this is the position for you! To$35K. Job#NW2736 FOR MORE INFORMATION CONTACT PAUL GENTZKOW OR JAN PETERS 3636 IDS Center Minneapolis, MN 55402 # ^ (612) 339-9001 ALL FEES COMPANY PAID POSITIONS AVAILABLE ^ TRUST MARKETING • large urban bank. Requires degree and trust experience. $35K REAL ESTATE LOAN - single fam ily residential and secon dary market experience required. Proximity of major metro area. $40K LOAN REVIEW - large bank experienced required. Both junior and senior level positions available. $28-$40K ^ COMMERCIAL LENDING - V.P. positions in urban and large suburban banks. Personal portfolios from $20MM to $50MM. $40 K BRANCH MANAGER - handle small business and con sumer credits. Med-size community affilia te of muitibank holding company. $24K Additional listings for commercial lending and trust officers. Resume’ requested. TOM HAGAN & ASSOCIATES P.O. Box 12346/2024 Swift North Kansas City, MO 64116 816/474-6874 “Serving the Banking Industry Since 1970” Vol. 16 No. 40 Northwestern Banker Newsletter (USPS 873-300) is published weekly by the Northwestern Banker Company, 1535 Linden Street, Suite 201, Des Moines, Iowa 50309, (515) 244-8163. Subscriptions $1.00 per copy, $24.00 per year. Second class postage paid at Des Moines, Iowa. Address all mail subscriptions, changes of address (Form 3579), manuscripts to Northwestern Banker, 1535 Linden St., #201, Des Moines, Iowa 50309. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ™
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