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Vol.9N o. 39 Des Moines, Iowa Banking and the 97th Congress The 97th Congress has convened and begun to establish its legislative agenda for the coming session. Although the new leaders of the Senate and House Banking Com mittees have indicated that this C ongress does not an ticip ate passing any radically new banking legislation, it is useful to keep in mind that the agenda can be shaped by unexpected developments. These developments are not necessarily limited to Congressional initiatives, and may arise from events that are far removed from anything happen ing in Congress itself. For example, the last Congress will long be remembered by bankers as the one that passed the Depository Institutions Deregula tion and Monetary Control A c t of 1980. Y e t the 96th Congress had no firmly-declared intention of becom ing involved in a major restructur ing of the American financial system. The original intent of the Congressional leadership was to concentrate on a long and careful study of the problems caused by declining membership in the Federal Reserve System. Hearings were scheduled and the committee staffs were prepared for a comprehensive examination of the complexities of the Fed membership issue. Con gress also had intended to devote a major part of its time to monitoring existing laws and regulations. Challenge But in April of 1979, the U.S. Court of Appeals for the District of Columbia ruled simultaneously on three suits brought by the American Bankers Association, the United States Savings and Loan League, and the In d ep en d en t Bankers Association of America, challenging the authority o f various federal regulatory agencies to authorize the creation of credit union share drafts, automatic transfer services and remote service units. The court held that in each case, the regulatory agency had exceeded its authority in approving the applications for the new services. The court ruled that only Congress had authority to allow these services to be estab lished, and that Congress would have to act by January 1, 1980, if the services were to be continued legally. January 19,1981 And in February o f 1980, the U.S. District Court for the District of Columbia, in a suit brought by the A B A , ruled that the Truth in Lending guidelines could not be used as the basis of any legal action against a bank. This decision denied the federal regulatory agencies enforcement powers that they considered important and brought the entire question of reforming the Truth in Lending laws to the attention of Congress. N O W Accounts The effect o f these rulings was to put a new and unexpected burden on C ongress. T h e m uch-discussed study of the Fed membership issue no longer was the singular top priority item that the leadership had intended it to be, and Congress had to focus on the full range of in terest-b earin g tran saction ac counts, including N O W acounts, on Regulation Q, Truth in Lending simplification, agency enforcement powers, and the whole range of issues that ultimately were included in the omnibus banking law. I t is interesting to note that the first version of the bill to pass the Senate did not mention the Federal Reserve issue at all, and the first version to pass the House did not mention Truth in Lending simplification or the phase-out of Regulation Q. These matters were included in the final version of the law only after prolonged legislative manuevering. IR S Ruling A similar change in the legislative Don't gam ble when choosing q correspondent bonk. Come to the professionals. For any correspondent banking need . . . overline assistance, data processing services, investment counseling . . . just give us a call. W e're the professionals w ho put the response in correspondent bonking. Central National Bank & Trust Com pany DES MOINES • MEMBER FDIC • TOLL FREE NUMBER (800) 362-1615 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Eddie A. W olf, Sr. Vice President 2 BANKERS’ BANKER C a l l 1-800-362-1688, to ll-fre e in I o w a agenda may have been forced on the n ew ly-orga n ized 97th C ongress because of a ruling by the Internal Revenue Service on December 15. The IR S issued a new Revenue Procedure (Rev. Proc. 80-55) on that date, and the effect of it would be to end the tax deduction commercial banks now have on the interest they pay on some time deposits of state funds when those deposits are secured by tax-exempt securities. This ruling represents a radical change from the way the IR S has always treated such interest payments in the past, and the timing of the ruling, at the very end of the calendar year, could not be less convenient. The timing of the IR S action continues a pattern of expectation that entire industries can alter their procedures and their business plans instantly to suit the wishes of government agencies which fail to understand the "O pportunity Colls../' Leo Kane, Correspondent Danker American Trust & Savings Dank The Dank of Opportunity Town Clock Plaza. Dubuque. Iow a CALL 319-582-1841, COLLECT https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis practical effects o f their actions. The A B A immediately challenged this ruling, and the IR S has already agreed to rescind one particularly unreasonable feature that would have had extremely serious conse quences for banks. A s originally proposed, the ruling had retroactive effect, and banks would have been liable for taxes on all interest paid on these deposits for the past three years. This retroactive feature has now been rescinded, and the ruling is effective only for deposits received on or after January 10, 1981. But the consequences for banks and for state and local governments that issue bonds are still very serious, and the A B A is continuing to ask the IR S to reconsider this basic change in the tax law. I f the IR S does not reconsider, the A B A will have to decide whether to seek a remedy in the courts or ask Congress to change the law on which the IR S ruling is based. I f the most expeditious course is to go to Congress for relief, this could mean a significant shift in the plans of the Congressional leadership as far as banking legislation is concerned. Iowa News The Iowa Bankers Association is presenting “ A New Twist- Turning Prospects Into Customers” in 12 locations around the state in January and February. The purpose of the seminar is to motivate each staff member into wanting to sell and to enjoy doing it. Instructors will include Tricia Faulkender, senior vice president and director of training services for Financial Shares Corporation, a Chicagobased marketing and training firm and Kent Stickler, executive vice presid en t o f Fin an cial Shares Corporation. Registration will begin at 5:30 p.m. and adjournment will be at 9:30 p.m. at each location. Registration is $26 in advance and $30 at the door. Dates and locations are: January 19, Ottumwa, Country Club; January 20, Cedar Rapids, Stouffer’s Five Seasons; January 21, Des Moines, H yatt Hotel; January 22, Council Bluffs, Best Western; January 26, Ft. Madison, Holiday Inn; January 27, Daven port, Black Hawk; January 28, Dubuque, M idway M otor Lodge; January 29, Waterloo, Conway Civic Center; February 9, Sioux City, Hilton Inn; February 10, Emmetsburg, la. Lakes Comm. College; February 11, Ft. Dodge, Insurance for Financial Institutions Automated Systems of Iowa, Inc. 301 N. Ankeny Blvd., Suite 220 Ankeny, la 50021 515-964-1358 Starlight, and February 12, Mason City, Holiday Inn. B E LM O N D : Luin B. Cox, 66, president of First State Bank, died suddenly December 24 of a heart attack suffered at home. A n employe of the bank since 1939, M r. Cox was chief executive officer for many years and had served as president for the past several years. B L O O M F IE L D : R ich ard N y s wonger has joined the staff at the Davis County Savings Bank as vice president. Prior to joining the bank, he managed a 2500 acre farm for two years and was employed by the Davis County Savings Bank for eight years. DES M O IN E S: Thomas H. Huston has accepted reappointment by Governor Robert Ray to a second four year term as superintendent of banking for Iowa. The new term begins M ay 1. Mr. Huston is president o f the Columbus Junction State Bank. D UBU Q UE: A hearing will be held at 1:30 p.m., January 21, in the superintendent of banking’s office in Des Moines on the application of Dubuque Bank & Trust Co. to open an office in the nearby community of Peosta. E A G L E GROVE: Ron Milbach has been named vice president and senior agriculture loan officer o f the Brenton State Bank. H e served as loan officer of Northeast Iowa Production Credit Association of Elkader since June 1979. FO N D A : James W . Murphy has been named a director of the First National Bank. He is a Jolley farmer. FO R T DODGE: A major addition, tripling the size of the present facility, was announced recently for the main downtown office o f Union Trust and Savings Bank. The 18,000 square foot addition will consist of a full basement and two floors to be constructed just west of the present building, according to James E. Hughes, president. H IL L S : A hearing will be held at 10:00 a.m., January 21, in the superintendent of banking’s office q • # q £ _ ® ^ # a * • # 3 Experienced Bankers Available The descriptions beiow represent a sample of our current listing. Call and discuss the needs of your bank in complete confidence. (816) 474-6874. #8947 SECOND OFFICER— Presently serving as V.P. in rural bank. Primary function is lending. Iowa real estate and insurance license. Degree............................................ .$25,000 #8867 MARKETING OFFICER—Current du ties are supervision of retail operation and business development program for $500 MM bank. Advanced degree......................... $29,000 #8954 COMMERCIAL/R.E. LENDER— Hand les FHA, VA, and Convt. residential loans. Some secondary market. Also involved with commercial credits including partici pations. Previous experience in consumer lending............................................................$25,000 #8937 INSTALMENT LOAN— Present posi tion is second man in $15MM dept. Total six years’ consumer loan background with some operations experience........................ $22,000 #8929 ADMINSTRATIVE OFFICER—Twelve years of bank experience encompasses operations, commercial lending, trusts, investments, and personnel. Accounting degree.............................................................. $40,000 #8879 AGRI-LOAN— Degree in Agri-business combined with 14 years of banking and Agfinance experience. Currently employed in $50MM midwestern bank............................... $28,000 #8940 INSTALMENT LOAN—Junior officer with $90MM bank. Handles both direct and indirect financing. Oversees collections. B.S. Degree..................................................... $18,000 #8928 SENIOR OPERATIONS— Extensive operations background covers banks from $20MM to $700MM.Currently V.P. in $250 MM with responsibility for all operational areas................................................................. $45,000 #8870 PRESIDENT— Has been associated with same rural for 12years. Equal ability in lending and operations. Administers multi insurance agency. Prefers bank over $10 M M ........................................................ $40,000 #8956 SR. COMM’L. LENDER— Background includes several years as V.P. of loan ad ministration for large midwestern bank. Currently Sr. V.P. with responsibility for $40MM portfolio. Degree............ .................. $30,000 #8938 OPERATIONS—Qualifications include four years with $150MM bank and three years with small country bank as second officer. Has MBA and some commercial and instalment loan experience.................... $25,000 #8852 SR. LOAN OFFICER— Presently Sr. V.P. in $150MM commercial oriented bank. Primary function is to administer general loan policy and larger credits........................ $42,000 #8043 OPERATIONS/INSURANCE— Handles cashier function for country bank, along with insurance agency duties. Ag and in stalment loan experience. Degree................ $25,000 #8925 CHIEF EXEC. OFFICER—Currently managing $10MM rural oriented bank. Over 20 years’ banking experience and licensed insurance agent...............................................$35,000 #8205 AGRI-LENDING—Junior officer with A. A. Degree and two years’ banking experi ence. Holds real estate and insurance li censes...................... $16,000 #8849 SENIOR OFFICER— Responsible for all lending in $30MM bank. Previous duties include cashier function, instalment dept, head, and marketing area....................... .$30,000 #8903 MARKETING DIRECTOR— Has man aged marketing program for aggressive $150MM bank. Currently financial market ing specialist for agency. Degree.................. $30,000 TOM HAGAN & ASSOCIATES WE ARE NOT A “SEARCH AGENCY”— Bankers contact us and state their reason for achange. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2024 Swift #203 / P.O. Box 12346 North Kansas City, Mo. 64116 (816) 474-6874 BANK PERSONNEL Junior & Senior Officers for Midwestern and Northwestern Banks. 4 in Des Moines on the application of Hills Bank & Trust Co. to open an office in Iowa City. The town of Hills annexed the five mile railroad right o f way connecting the two communities. John Hughes, presi dent of the bank, said the bank feels this makes Hills a contiguous part of the urban complex composed of Iowa City, Coralville, University Heights, North Liberty and Hills, with population exceeding 50,000, thus making the bank eligible to have an office in Iowa City. H U M B O LD T : G. Robert Bristol, vice president of the First National Bank, has resigned. He has been associated with the bank since 1948. IN D IA N O L A : Beth McGeough was elected instalment loan officer at the Warren County Brenton Bank and Trust according to Eugene T. Smith, president. She joined the bank in 1973 as loan service teller. J E F F E R S O N : J efferso n S ta te Bank has announced that loan officer Paul Johnson has been promoted to assistant vice president and Dean Hicks has been elected to the board of directors. Mr. Johnson joined the ag lending department in 1978. Mr. Hicks most recently was named senior vice president of Jefferson State. L Y T T O N : The Lytton Savings Bank has announced that Dwight K. Conover has been elected execu tive v ice p residen t and cashier. For the past six years he has been employed at Fidelity Brenton Bank in Marshalltown. M IS S O U R I V A L L E Y : First N a tional Bank has announced the addition o f Gregory D. Pollard to the staff. He will hold the office of vice president and agricultural representative. O SCEO LA: C. Ted Davis has been named vice president of the Clarke County State Bank. He has worked for over 10 years in eastern and northeastern Iowa for the Federal Deposit Insurance Corporation. T H U R M A N : The Thurman State Bank is holding an open house for the general public to view their new banking facilities January 23 and 24. V A N H O R N E : K e ith L a za r, cashier, Tama St. Bk., has been named c.e.o. of Van Hom e Sav. Bk., according to W illiam Beohm, major stockholder of both banks. Mr. Lazar replaces John Hensley. W A T E R L O O : Peoples Bank & Trust Co. has promoted Don Porchet, an employe at the bank since 1957, to executive vice president, and elected John L. Calton executive vice president of Peop les Bankshares, L t d ., a one-bank holding company that owns the bank’s common stock. Mr. Calton joined the bank in 1969. W A V E R L Y : Fred W . Hagemann has been appointed president and Promote yourself to the head of the route list. . . Please enter my personal subscription to N O R TH W E STE R N B AN KER for: □ 3 years $30 □ 2 years $22 □ 1 year $1 2 (Includes m onthly magazine and weekly newsletter) □ Bill me □ Bill bank □ Paym ent enclosed Nam e_____________________________ T itle____________ Firm _______________________________________________ Brief Job Description_______________________________ □ Business__________________________________ □ Hom e Address____________________________ City______________________ State___________ Zip. 306 FIFTEENTH STREET DES MOINES, IOWA 50309 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ASK TERRY MARTIN 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 chief executive officer of the State Bank. He succeeds his father, Carl E. Hagemann, who has been named chairman of the board. Fred Hagemann was formerly executive vice president of State Bank. W E S T B R A N C H : W illiam Dieth- □ My majority bank stock is for sale. □ I want to purchase majority stock in a bank. Please contact Ellis Jones, Broker Semi-retired, professional banker Jones Realty 205 South Eaton St. Lakewood, Colorado 80226 Phone: (303) 232-1189 rich, formerly with Bank of Newport Beach, Calif., has joined the W est Branch St. Bk., as v.p. Illinois News The 33rd annual Illinois Bankers Association Consumer Credt Con ference titled “ Exploring Modern Lending” will be held February 11-12, 1981 at the H yatt Regency O’Hare, Rosemont. Topics covered will include “ Managing People For Fun and P rofit,” “ How to Get Rich and S ta y R ic h ,” “ T h in gs I Shouldn’t D o,” and “ The Future of Consumer Credit.” The registration fee is $80 per bank for IB A member banks and $120 per bank for non-IBA members. Registration begins at 8:00 a.m. February 11. R E Y N O L D S : Services were held recently for H. Byron W ait, 75, president of the Reynolds State Bank. Nebraska News The Nebraska Bankers Associa tion 1981 Personnel Conference will be held F ebruary 4 and 5,1981 at the Holiday Inn in Kearney. Registra tion begins at 11:00 a.m. February 4. Topics covered will include “ Who are the People Targeting Banks,” “ Affirm ative Action Programs for Banks” and “ Administering a Personnel Program for Y our Bank. ” Adjournment is 12:00 noon Febru ary 5. The Nebraska Bankers Associa tion 1981 Bank Presidents Confer ence will be February 19-24 in W alt Disney W orld, Orlando, Florida. The program will include “ Creative Thinking/Creative Banking, ’ ’ by M ike Vance, former dean of Disney *ê Gill our Bond Department For up-to-the-minute, accurate information University, “ Retail Banking in the ’80s,” by John Fisher, B A N C ONE Corp., and “ Economic Outlook,” by Dr. Robert Lanzillotti, dean o f the business college at the University of Florida. Registration fee is $210 per person. give your com m unity a lot of help for its CO LU M BU S: Larry D. Harkrader has assumed duties as cashier and operations officer of First National Bank and Trust Co. He has served as an instructor for the American Institute of Banking. C R A W FO R D : Linda Reins has been named vice president of the Crawford State Bank. She held a similar position with the Albion National Bank the last seven years. D esM o in es G R A N D IS L A N D : Dr. John A . Albers and Jon F. Luebs have been named to the board of directors of Five Points Bank. Dr. Albers is in private practice with Orthopedic Associates. Mr. Luebs is executive vice president of Five Points. 1 M em ber FÒIC O M A H A : The Center Bank pro moted Thomas J. Jaksich and James K . Sterling from assistant vice president to vice president. Mr. Jaksich joined the bank in 1972. Mr. Sterling has been with the bank more than 10 years. Personnel officer Anne R. Jensen also was promoted to assistant vice presi dent. O M A H A : Kenneth Kroeker and Gary Thrasher have been promoted to senior vice president at Omaha National Bank. Promoted to second vice president are James R. Hill, M ary Sturm and Daniel J. W intz. North Dakota News The 20th Annual North Dakota Bankers Association “ Bank Man- •Tom Steffens John Henderson Tony Paugoulatos 1 NATIONAL BANK An A ffifilia te o f N o rth w e s t B a n ç o rp o ra tio n agement Conference” will be held at the Bismarck Holiday Inn February 11 and 12,1981. Registration begins 11:00 a.m. February 11. Registra tion fee is $85. Speakers will include Lee Gunderson, American Bankers Association president; Harry J. Argue, N D B A executive director, and Kevin P. Phillips, editor-pub lisher, the A m erican P o litic a l Research Corp. Adjournment will be at 12:00 noon February 12. N E B R A S K A C IT Y : John W . Seim has joined the staff at Otoe County National Bank as vice president. He was previously vice president at Hershey State Bank. P A G E : R. Paul Pederson, president of Page State Bank, has announced that Merland L. Carlson has been promoted from cashier to executive vice president and a member of the board o f directors, and Janeen Conrad has been promoted to assistant cashier. Colorado News W E S T M I N S T E R : Thom as M . Jones has been named president of Citizens Bank. He was formerly ex e c u tiv e v ice p residen t and succeeds Donald K . Hogoboom. He has been with the bank since it was chartered in 1970. Jim McLaughlin Rusty Reese Dave Wittenborn Vice President Vice President Asst. Vice President Asst.Vice President Bond Officer Bond Representative 234-2462 234-2463 234-2647 234-2691 234-2673 is» C ommerce Bank of Kansas a ty https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis With our service, Member FDIC ' 234-2674 10th and Walnut (816) 234-2000 5 6 CALL ON THE “PERFORMANCE TEAM” where comm on transactions are handled uncommonly well. FIRST NATIONAL LI NCOLN 13th & M Street • Lincoln, Nebraska 68501 • Member, F.D.I.C. BANKERS PARTICIPATING LeasePtan.Inc. 5 45 - 31st Street Des Moines. Io w a 50312 R. L. “DICK” SELLON 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 POSITION AVAILABLE CASHIER - 3-5 years experience in Unit Bank operations with understanding of all government reporting requirements p must for this position in a new Wyoming bank. Some consumer loan experience would be a plus for the qualified applicant. Salary commensurate with experience plus an excellent benefit package. Inquire in confidence to R.W. “Dick” Anthony, P.O. Box 1070, Saratoga, Wyoming 82331 (307) 326-8321, An Equal Opportunity Employer. (PA) LOAN OFFICER - Central Illinois bank seeking individual for lending responsibilities, primarily consumer loans. Operations experience helpful, but not necessary. Call Bart Solop, State Bank of Girard, Phone (217) 627-2112._________________________ (PA) #2 SPOT IN BANK in the largest city in South Dakota. Need individual with strong credit credentials in all fields to handle all supervision of all lending functions. W rite file LBW, c /o Northwestern Banker. _____________________________________________ (PA) LOAN OFFICER for$18 million rural Iowa bank. Some exp e rien ce p re ferre d . W rite file M B A , c /o „Northwestern Banker. (PA) SERVING PROFESSIONALLY Banking, Financial & Business Personnel Iowa and Nationwide POSITION AVAILABLE Im m e d ia te op en ing fo r C O M M E R C IA L LOAN OFFICER in $70 million bank located in St. Paul. Ideal candidate will have 2 + years in commercial lending and credit analysis; also, should have familiarity with SBA loans and SBA secondary market. Send resume and s alary req u ire m en ts to file M B B , c /o Northwestern Banker. All inquiries kept strictly confidential.__________________ ______________ (PA) BANKING CAREERS - If you are currently employed and wish to evaluate your career potential, my organization has openings in the $12,0CI0 to $40,000 range in banks throughout the midwest. All position job orders No. 118-270 are employers paid. Call or write Jim Hogan, Dunhill, Suite 1135, 730 2nd Ave. S., Minneapolis, MN 55402; (612) 335-6451. (PA) PARTIAL LIST OF AVAILABLE POSITIONS LENDING— Rural Iowa bank seeking individual with heavy experience in Agricultural loans. Needs someone that does not need training. $26,000. ASST VP— 5 years experience in commercial lending with large bank. Keen business judgment is the key. $28,000. LENDER— At least 2 years of experience in handling installment loans, student loans, mastercharge, direct & indirect loans. $17,000. TRUST OFFICER— Some experience in trust dept, or legal firm . W ill eventually take on full responsibility of th e tru s t d e p t. E x c elle n t o p p o rtu n itie s for advancement. $20,000 POSITIONS AVAILABLE VICE-PRES— Iowa bank seeking #2 person with heavy experience in operations and lending. Position open due to promotion. $35,000. Commercial loan officer with five or more years experience for major Iowa bank.................Salary open. LENDING— Rural bank seeks individual with 2 years of ag lending experience. Operations officer for $25 million Iowa bank ......................................................................... Salary open. ALL FEES COMPANY PAID. FOR FURTHER INFORMATION RESPOND IN CONFIDENCE TO: Second officer for eastern Iowa bank. Must have heavy lending experience in ag field . .Salary above$25,000. Write or call Malcolm Freeland, Freeland Financial Service, In c .,3 06 -15th Street, Des Moines, IA 50309. Phone (515) 244-8163. Employer pays fee._________ POSITION WANTED Second position or operations. Three years CEO in $4 m illion bank. Ten years consumer loan experience. W rite file LBZ, c /o Northwestern Banker._______ (PW) POSITION WANTED Bank Division ROBERT HALF of iowa, inc 317 6th Ave. Des Moines, IA 50309 (515) 244-4414 ALL FEES COMPANY PAID UPDATE YOUR ALARMS Special on 35mm auto cameras. CEOs with ag lending backgrounds $30,000 to $42,000 Second Person with strong ag lend ing.............$26,000 Operations officer with lending exp...................$26,000 Check with us first BEFORE making a purchase. ISU Grad with insurance licenses seeks bank position in or near major city ............................................. $17,500 W rite or call Malcolm Freeland, Freeland Financial Service, Inc., 306 - 15th Street, Des Moines, IA 50309. Phone (515) 244-8163. Employer pays fee._________ WANT TO BUY SECURITY SYSTEMS, INC. 3920 Delaware Des Moines, IA 50316 [515)265-1161 POSITIONS AVAILABLE CAPITAL PERSONNEL SERVICE Used Diebold Insulated Record Container; 5 drawer, Fire Classification C, Spec Fl-D. Contact Gary Burke at State Bank of Waverly. (319) 352-4556. (WTB) INSTAL. LOAN HEAD — Manage dept, for $40MM Illinois bank. Must have bank and supervision experience.............................................................. $22,000 714 Central National Bldg. 515-283-2545 Des Moines, Iowa 50309 FOR SALE ENTRY LEVEL — Good opportunity for college grad with bank intern experience. Small rural Iowa bank with excellent opportunity to adv a n c e ............. $12,000 NCR Mag Ledger Posting Machine. (319) 728-2226 _____________________________________________ (FS) Ag Banking S p ecia lists^ Whan it comas to ogricoltiiro, banking and parsonnal. . . go to tho specialists — go to AGRIcaroors, Inc. Progressive bankers pay as to find tbe people they need. AG LENDING OFFICER. . NE Iowa....... . $15 $20,000 LOAN OFFICER. . Minnesota............... $19 $20,000 TWO FARM MANAGER5. IA & I L ....... $1« $24,000 TWO AG LENDING OFFICERS. . .IA A II . . $22 $28,000 Ask oar banking specialist. Undo filet, what's available without cost or obligation. (515) 394-3145 ■ NEW HAMPTON, IA 50659 iaonG4ims,iNC I THE ORIGINAL AGRICULTURAL RECRUITER MODULAR BANK UNIT: 12’x7’ equipped with drive-up window. Used as bank’s drive-up facility. Available immediately. Contact Northwestern State Bank of DodgeCenter, M N55927. 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. Call (712) 472-2581. _______________ (FS) BANK PERSONNEL IS OUR ONLY BUSINESS Positions Available 30K #482 Commercial Real Estate 32K #484 Commercial Loan Manager 28K #486 Commercial Loan #2 22K #475 Commercial Loan Trainee 25K #485 Commercial Loan #2 18K + #479 Insurance Agent 17K #488 Proof Supervisor 10K #489 Proof Operator IBM 34 for 25K #490 S&L Manager 22K #491 Commercial Loan Officer 15K + #492 Insurance Manager 22K #493 Ag-iight commercial TOM HAGAN & ASSOCIATES OF MINNESOTA 4901 W. 77th St. Edina, Minnesota 55435 David Dahl 612-835-4121 Megan Maloney All positions employer paid SR. LOAN OFFICER — $50MM bank located in capital of midwestern state. Need 5-7 yrs. solid com m ’l loan experience............................................................... $38,000 EXEC. VICE PRES. — $150MM S&L prefers a commercial tender with solid real estate background. Must have working knowledge of secondary market .................................................................................. $35,000 CALLING OFFICER — Handle national accounts for lead bank of major holding company. Minimum 50% travel ........................................................................$35,000 LOAN REVIEW OFFICER — $250MM metro-area bank needs seasoned credit officer to oversee credit and documentation fu n c tio n ..................................... $25,000 COM M ’L LOANS — Heavy demand in metro areas of midwestern states for both junior and senior commercial lending officers. Degree preferred .$Open CASHIER — Opportunity for aggressive operations officer to join management of $8M M bank. Close to major u n iv ers ity .....................................................$20,000 Resume and salary history requested. All inquiries confidential. TOM HAGAN & ASSOCIATES OF KANSAS CITY P.O. B ox12346/2024 Swift North Kansas City, MO 64116 (816)474-6874 Vol. 9 No. 39 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 all mail subscriptions, changes of address [Form 3579], manuscripts, mail items to above address. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
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