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• Vol. 13 No. 40 Des Moines, Iowa Iowa News ATKINS: At the annual meeting held January 8 of Atkins Savings Bank & Trust, Richard Hare was elected president. He joined the bank in 1982 as executive vice presi dent. Mr. Hare succeeds Kenneth Hagan, who was elected chairman. Harriet Rinderknecht was elected vice president and cashier and Homer Monk was elected vice presi dent. HILLS: A t Hills Bank and Trust Company, Dwight Seegmiller has been named senior vice president. He had been serving as vice presi dent. Ray Glass and Tim Smith were both advanced to vice presi dent status from assistant vice pres idents. KALONA: Farmers Savings Bank has named Ray Brown vice presi dent and head of its ag department. Mr. Brown previously was employed by the Ottumwa Office of PCA. ROCK VALLEY: Thomas M. Awtry has been elected president and chief operating officer of Valley State Bank. He succeeds W.C. Anderson, who has been elected chairman. Mr. Awtry joined Valley State in Sep tember of 1984. His previous experi ence includes serving as a bank exa miner with the Iowa Department of Banking, president of First National Bank, Fonda, and working for Yan- ney, Hughes and Rapp of Omaha, as a bank consultant. SPENCER: United Central Bank re cently announced the promotion of Thomas D. Maertens to vice presi dent of agricultural loans and Randy Weller to assistant vice president of ag and commercial loans. Mr. Maer tens served with First National Bank of York, Nebraska, prior to moving to Spencer. Mr. Weller pre viously was with Federal Land Bank Association. W YOMING: Following the annual meeting of Citizens State Bank, the follow ing prom otions were an nounced: Carl L. Levsen, from presi dent to chairman; Harlan R. Jacob son from first vice president and cashier to president; Lucile Von Sprecken from assistant vice presi dent to vice president and cashier, and Geraldine F. Levsen from assis tant vice president to vice president and trust officer. Nebraska News The Nebraska Bankers Associa tion will present its 1985 Personnel/Human Resource Conference, an intensive two-day program devoted to the dimensions of personnel man agement, on February 12-13 at the Kearney Ramada Inn. Jan Eicher, vice president, Union Bank & Trust Co., Lincoln, serves as chairperson January 21,1985 for the NBA personnel committee and has released the following ad vance program: Tuesday, February 12 XM7 8:30 Continental breakfast/registration. 9:00 “ Role of the Human Re s o u r c e M a n a g e r ” —Jan Eicher, personnel director, Union Bank & Trust Com pany, Lincoln, and NBA per sonnel committee chairper son. 9:30 “ Equal Employment and The L aw ” —Thom Cope, partner, Bailey, P olsky, Cada, Todd and Cope Law Firm, Lincoln. P.M. 12:00 Lunch. 1:00 “ Equal Employment and The Law” continued. 5:00 Social get-together. Wednesday, February 13 A.M. 8:30 Continental breakfast. 9:00 “ Attracting and Keeping Top Notch Employees” — Gary Maas, owner and man aging partner, A G R Icareers, Inc., Massena, Iowa. P.M. 12:00 Lunch. 1:00 “ The Employ ment-At-Will Doctrine” —James C. Zalewski and Richard D. Alaniz, ASK LYNN WHITEMAN to make MNB work for you. Toll free: 1-800-332-5991 Merchants National Bank Member F.D.I.C. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis is i A BANKS OF IOWA' BANK 2 Professional ... Responsive... c^HoCdzx a n d czdJ’iio c L a ts .i Bank Consultants Specializing in Bank Acquisitions 515-232-0814 P.O. Box 450 405 Main Ames, Iowa 50010 D o n a l d E. H o l d e r , Principal Call Mark Christen for any correspondent service. Call toll free (800) 622-7262 Valley National Bank ¡5 DES MOINES, IOWA 50304 A BANKS OF IOWA BANK Member FDIC partners, Alaniz, Bruckner and Sykes Law Firm, Lin coln. 2:45 “ Y o u -A s k e d -F o r-It S es sion” —group discussion. 4:00 Adjournment. □ The National Association of Bank Women, Mid Plains Group, will hold its January Meeting at Regency West, Omaha, Tuesday, January 22, at 6:30 p.m. The guest speaker at the meeting is Lois Baumert, the Nebraska State Council Chairman of NABW . She will present news from National and give an N ABW update. To make re servations, call Alice Roy, South west Bank & Trust Co., 393-4300. BENNINGTON: M. Leslie Nelson has been advanced from vice presi dent and cashier to executive vice president and cashier at Bank of Bennington. In addition, Jean Olsen has been promoted from assistant vice president to vice president. DANNEBROG: Following the clos ing January 7 of State Bank of Dannebrog by Nebraska’s Director of Banking, Roger M. Beverage (News letter of Jan. 14), it was reported by the Nebraska press that Jeff Hacker, FDIC senior attorney in Dannebrog stated that 300 of the bank’s 323 loans were past due. The official news release from the Neb raska Department of Banking, re ceived January 12, stated: “ A claim reflecting a total potential loss of about $2.2 million has been filed with the bonding company.” The news release added, “ Bever age said the bank engaged in an un usual practice of participating loans with private individuals who were customers of the bank. Under the practice, said Beverage, customers Serving bankers quietly and efficiently. CAPITAL PERSONNEL SERVICE 714 U.C.B. Building, 515-283-2545 « Des Moines, Iowa 50309 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis would participate with the bank in loaning money to other customers. In some cases, said Beverage, the lending customer may not have re ceived accurate information con cerning the financial status of the borrower.” LINCOLN: Rod Johnson has joined First National Bank as vice presi dent in the metropolitan banking division. Mr. Johnson formerly was president of Lincoln Bank South and was associated with National Bank of Commerce for several years. The bank’s board also elected three vice presidents; Mark Hahn and Marv Hefti, correspondent banking division, and James M. Williams, national/international banking divi sion. SUPERIOR: Mitch Moret, vice president and cashier of Farmers State Bank & Trust, retired January 1 after 42 years of banking in Iowa and Nebraska. Mr. Moret joined the bank in 1958 and previously was as sociated with his father from 1945 to 1958 at Northwestern State Bank of Orange City, Iowa, as cashier. Minnesota News HOPKINS: First Bank Hopkins recently announced the following management changes effective Jan uary 1: Franklin L. Brosseau, execu tive vice president; Bruce H. Senske, senior vice president, lending division head; Jack San Felippo, vice president, real estate, and Debra Pukall, executive banking of ficer. NORTHFIELD: F. Donavon Kuehnast has been elected president and a director of First Bank Northfield. He succeeds the late Gordon F. Clarke. Mr. Kuehnast most recently served as vice president and man ager of the retail division of First Bank Edina, a position he has held since 1983. ROCHESTER: A t Norwest Bank Rochester, N.A., Peg Mattke has been named manager of the personal asset management center. She has been serving as vice president and manager of the Northside Office. Beverly Simpson, vice president and manager of the Green Meadows Of fice, has assumed the added respon sibility of managing the Northside Office. John Novotny has been pro moted to vice president. He has been with the bank since 1982 in the ag lending area. W ASECA: The board of First Bank Waseca has elected Neil N. Fruechte president. He replaces William Draeger, who retired the end of 1984. Mr. Fruechte most recently was with Farm Credit Banks of St. Paul as senior vice president in charge of management services. Illinois News LOMBARD: Charles S. Hanley, Jr., has been appointed vice president, corporate business development, at the Bank of Yorktown. Mr. Hanley previously was a vice president with G A T X Corporation. ROCKFORD: Frank C. Rubinic has joined American National Bank and Trust Co. as senior vice president in charge of the operations and finan cial division. Mr. Rubinic had been AG COMPUTER SYSTEMS AgStar is a fully integrated micro computer based agricultural business software package. Compare the best double-entry ag-business software. Customized accounts and cost-cen ters for any business. Integrated pay roll and budget options. Sold and Supported by Woodland Farms, Inc. Story City, la. 50248 515/733-4582 Supplement to Northwestern Banker Newsletter 1-21-85 Bankers Hire Successfully With AGRIcareers’ Help “ I liked the way Jean Eden primarily answered questions when we called about locating a new ag loan man,” remarks Dale Strickland, president of Hawkeye Bank and Trust, Centerville, Iowa. “ She didn’t try to tell us what to do! Finding someone who fit our specific nitch was her main goal. She and AGRIcareers did it very well.” The 16-year-old firm has offices in the Iowa communities of New Hampton and Massena. Linda Heit, along with Eden, are the ag banking personnel specialists. Heit was the firm’s first employee; Eden has been on the staff six years. “ Finding someone who fit our specific nitch was her main goal.” — Dale Strickland, Pres. Hawkeye Bank and Trust Centerville, Iowa Jean Eden looks up from studying ag banking re sumes at AGRIcareers’ Massena, Iowa office. “We don’t use high pressure sales tactics,” points out Eden. Both work full-time locating, screening, and personally in terviewing potential bank candidates. Says Heit, “ Many personnel firms try to serve all interest areas. W e’re strickly ag-oriented, and that gives us an edge when it comes to meeting tight ‘ specifications’ for a new em ployee. “ The result is that our bank-clients succeed in obtaining the right person for the position. If none of our candidates current ly on file meet the bank-client’s requirements, we conduct a specific search.” Eden adds, “ Our candidates and resumes are our own, not applicants who’ve been bounced around in a personnel ‘net work.’ We promise our candidates confidentiality, and don’t feel we can maintain this by joining a network.” “We were able to hire the kind of individual we wanted.” — Randy Schouten, Pres. Norwest Bank of Montevideo, Minn. Ag Banking Personnel Specialist Linda Heit spends many hours on the phone checking refer ences and screening candidates. “My time is spent saving our clients’ time,” she says. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Says Heit, “ The more we know about what a client wants, the better job we can do.” “ When clients call to describe their needs, we ask for details about the position, experience required, and what type o f per sonality characteristics will fit in best at the bank, with co workers and customers.” Randy Schouten, president of the Norwest Bank at Mon tevideo, Minn., worked with both Heit and Eden in hiring ag loan rep Brad Hennig. “ They did a particularly good job pre screening job applicants,” remarks Schouten. “ So we were able to employ the kind of individual we wanted.” Eden notes that AGRIcareers places qualified bank person nel at all levels, including presidents. “ Average salaries range from $25,000 to $45,000. Our clients are banks that make ag loans; some are small, family-owned banks and many are large, multi-bank holding companies.” anri carers,inc. J AG BANKING SPECIALISTS (515) 394-3145 NEW HAMPTON, IA 50659 (712) 779-3744 MASSENA, IA 50853 POSITIONS AVAILABLE AG BANKERS AVAILABLE Confidential. Fee paid by employer. Personnel Specialists Serving America’s Ag Banks If you are interested in advancing your banking career, we will keep you informed of opportunities available and MAINTAIN THE CONFIDENCE YOU DEMAND. We do not use other recruiting ‘networks' and no contacts are made on your behalf without your prior knowledge and consent. Our Ag Banking Specialists serve you individually, dis creetly, and professionally. Our candidates are personalty interviewed, screened, referenced, and evaluated by our specialists. If you have an Interest In candidates listed below, call Jean or Linda to discuss your needs. Employers pay our modest fee to hire the best. NL-1 LOANS/OPERATIONS OFFICER—Sharp, young banker who is experienced in all phases of lending and operations spending 60% of the time in loans and 40% of the time in operations. Reference says, “ Excellent perfor mance-one of the best employees I ever had without a doubt...very intelligent and quick learner.” Wants to locate near college town to complete his education. Two years college. Married. Age: 24. Lives Wl. $22-24,000. Call Linda. NL-2 AQ BANKING—References say, “ He has good credit judgement.,.aggressive...collection skills are good along with a strong personality and ability to communicate.” Six-and-one-half years (one with Farm Credit) of ag credit experience wth responsibility in staff supervision, market ing, credit analysis and collections. B.S. Ag Economics. Single. Age: 28. Lives Wl. $31,000. Call Linda. NL-3 AG LENDER—Experienced in small rural bank ($5MM) operations and lending functions. Wants more concentration in ag loan area. References say he is de tailed, organized and gets along with people. Area Voc. Tech. Grad, in Ag Banking. Married. Age: 23. Lives MN. $17-18,000. Call Linda. NL-4 INSURANCE AGENCY MANAGER—Currently sales agent for $300,000 gross volume agency which he started from scratch to present size. Eight years prior as manager of insurance/Real Estate corporation. Past reference said, "He's a self motivator...good performer...professional...I’d hire him if I was considering adding an insurance agency at the bank.” Licensed in ail insurance lines. Two years college plus several insurance and R.E. courses. Married. Age: 39. Lives IA. $25,000 +. Call Linda. NL-5 AG FINANCE—Offers twenty years of versatile ag credit experience which includes Farm Credit, ag banking and captive financing experience. Strengths are his credit judgement, communication skills and sales personality. B.S. Ag. Married. Age: 49. Lives Wl. $36,000. Call Linda. NL-6 AG LENDING—Financial analyst for a financial brokers firm where his responsibilities include handling all types of financing (ag, commercial, consumer and ven ture capital) ranging in size from $3,000 to $42MM. Ar ranges financing thru ag and commercial banks, govern ment institutions and the Farm Credit System. Great sales personality. B.A. Finance with minor in Computers. Single (Engaged). Age: 24. Lives IA. $18-22,000. Call Linda. NL-7 EVP/AG BANKING—Experienced banker with six teen years expertise in running a successful financial in stitution, having specialized in opening new branches for employers. Strengths in loans, collections, marketing, customer relations, supervision and general banking prac tices and procedures. Six years college. Well recom mended. Married. Age: 41. Lives TN. $38-40,000 + . Call Linda. loans. Trained and supervising loan officers and clerical staff. Exceptional references: “ Gets the job done right... good to work for, and with...lots of drive...a polished and sophisticated man, yet able to put farmers at ease.” Col lege degree. Married. Age: 35. Lives IA. $36,000 + . Call Jean. NJ-13 SENIOR OFFICER—Twelve years as V.P. in $90MM bank, responsible for $15MM ag loans, also shares com mercial loans, farm management, trust and administrative duties. Serves as officer of state banking association and president of many community organizations. Masters de gree in Ag Business, graduate of banking school, etc. Mar ried. Age: 40. Open to relocate in la or IL. $48,000. Call Jean. NJ-14 SENIOR OFFICER—V.P. of $80MM bank, in charge of $20MM ag loans, and supervises three loan officers. Eight years at this bank, plus ten years previous PCA ex perience. B.S. Ag. plus additional banking schools. Mar ried. Age: 45. Lives NE. $45,000 plus. Call Jean. NJ-15 AG LOAN OFFICER—Currently credit supervisor for major ag credit company. Deals directly with farmers and lenders daily. Has rapport with customers while maintain ing a good collections record and low delinquencies. Pre vious experience as staff accountant handling audits of grain elevators. B.A. Accounting/Business. Married. Age: 27. Interested in S.W. MN, SD, N.W. IA, or N.E. NE loca tions. $26,000. Call Jean. NJ-16 AG LOAN OFFICER—Two years as A.V.P. in $50MM bank. Works with ag and commercial loans, collection, documentation, inspections, and micro computers. Very familiar with loan problems and corrective actions. Farm raised. Single. B.S. Animal Science (I.S.U.), plus additional banking courses. Age: 27. Lives IA. $25,000. Call Jean. NJ-17 SENIOR OFFICER—V.P. (#2 man) in $20MM bank for past 10 years. In charge of $11 MM loan portfolio. Strong ag lending skills, heavy work-out, restructure and collec tion experience. Works in operations, compliance, with computer and insurance as well. B.A. degree, attended Ag Credit School and graduate school of banking. Married. Age: 36. Lives IA. $32,000. Call Jean. NJ-18 AG LOAN OFFICER—PCA loan officer for past three years. Responsible for over $5MM in loans. Strengths in analysis, problem solving and PR skills. B.S. Ag Journalism (I.S.U.) Married. Age: 35. Lives IA. $30,000. Call Jean. NJ-19 AG LOAN OFFICER—Four years as loan officer with PCA. Supervises $13MM branch. Farm raised. Active in community affairs and ag-related activities. B.S. Animal Science. Married. Age: 33. Will relocate in E. IA or N. IL. $29,000. Call Jean. NL-8 AG CREDIT—Strong ag background which includes farming (crop and swine) and a year of ag credit experi ence with a small rural bank in Iowa. Duties are ag loans, loan documentation, cash flowing, etc. along with prob lem loan work outs. B.S. from ISU. Married. Age: 34. Lives IA. $25,000 + . Call Linda. NJ-20 AG LENDING/OPERATIONS—Has two and a half years banking experience. Currently operations and per sonnel office in $20MM bank. Has worked as teller, book keeper, loan teller, with accruals computers since starting work at this bank after college. Wants to learn ag lending. B.S. Ag Business (3.4 g.p.a.). Married. Age: 25. Will relo cate in IA, N. MO, E. NE. $17,000. Call Jean. NL-9 SENIOR CREDIT REVIEW OFFICER—Former Iowa raised banker offers seven years with Iowa bank in opera tions; more recently responsible for analyzing examina tion reports and monitoring condition of banks for the Federal Reserve Bank. Recommended very highly by past references. BBA Business Finance. Single. Age: 47. $38-40,000. Call Linda. NJ-21 AG LOAN OFFICER—Two years experience with fi nance company; past year as manager. Works with cash flows, financial statements, collections, etc. Holds all in surance licenses. Trained at bank during college work study program. Excellent references. Solid farm back ground. A.A. Ag Banking. Married. Age: 25. $18,000. Lives IA. Call Jean. NL-10 AG BANKER—Branch manager in charge of four staff, ag loans and office operations for the past five years with the farm credit system. Strong work out experience. Rated “ very good” on work performance review. Iowa State grad in Ag Business. Single. Age: 27. Lives IA. $25-30,000. Call Linda. NJ-11 AG LOAN OFFICER—An excellent candidate for ag banking. His appearance personality and attitude are EX CEPTIONAL. Currently and for the past six years with FmHA, supervising loans in a drought area. Great references...“ has managed to keep his moral up and maintain a positive attitude...a good judge of ag credit, and knows what loans should be made...needs to be in a bank!” B.S. Farm Op from ISU. Married. Age: 28. Lives IA. $27,000. Call Jean. NJ-12 AG BANKING—Offers nine years loan experience, including two years with a bank. Currently managing two branch offices in Farm Credit System with $15 million https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Ag Banking Personnel Specialists Let us help with your staffing needs or career ad vancement. Employers pay our modest fee to hire the best. Our clients depend on us for QUALITY. Our candidates depend on us for CONFIDENTIALITY. Linda 515/394-5827 New Hampton, la. 50659 g Jaan 515/263-9598 (T/W/F) 712/7793567 (M/TH) Massena, Iowa 50853 30/1CAREERS, INC. AG BANKING SPECIALISTS N-1 AG LOAN OFFICER—$19MM bank in western IL. Re quires experienced ag lender with strong ag credit skills (5-7 years bank or PCA) with top communication abilities. Business developer. $28-30,000 +. N-2 SENIOR VP—Report to pres, in $60MM bank. Take charge of $30MM ag loans, improve credit quality. Rapid advancement opportunity. 5-10 yrs. current ag lending and problem solving expr. required. IA. $40,000 + benefit pkg. N-3 LOAN OFFICER-GENERAL—Seven bank holding com pany seeking lending officer with responsibilities of 6080% of time in ag loans and balance of time in other areas of lending. Need 3-10 yrs. related ag credit expr. MN. $25-30,000. N-4 JR. AG LENDERS—Three Iowa positions available for ambitious candidates with 1-2 yrs. current ag lending expr. from bank or PCA. Must be knowledgeable in and willing to work with problem loans. $18-25,000. N-5 ADMINISTRATOR—Bank chain needs ambitious and energetic ag banker to ride herd on loans, business development and work with secondary markets for five banks with combined total assets of $100MM. 5-10 yrs. bank operations, secondary markets and lending skills needed. $30-40,000. N-6 MANAGER of $5MM bank. Progressive and competi tive ag area. 4-5 years of bank expr. a must. $25,000 + pro fit sharing. SD. N-7 EVP—$20MM bank with $15MM in loans needs lender to be in charge of total note case and supervise 2 loan of ficers. Mostly commercial and installment loans with $2MM in ag loans. Bank expr. preferred. NE. Mid $30,000’s. N-8 LOAN OFFJBRANCH MGRS.—Farm Credit system seeking ag lenders with 1-2-5 yrs. expr. in ag credit to be responsible for loan volume of $3-7MM. Several locations... OH, Ml & AL. $16-20-24,000 ranges. N-9 AG LOAN OFFICER—Major bank holding company needs ALO to assist the new VP just hired in ag loan port folio of $7MM and help with the workouts. 3-4 yrs. ag lend ing expr. IA. $25-27,000. N-10 C.E.O.—Small (but progressive & increasingly profit able) bank seeks dynamic and aggressive individual with 5-10 yrs. bank management exper., who keeps up with modern banking & lending practices. Central IA. To $50K. N-11 VP—Opportunity to be #2 in $40MM major hold. co. bank in Central MO. $25MM total loans. Primary respon sibility is handling $15MM ag loans, and share of commer cial. Requires min. of 5 yrs. ag lending, from bank or PCA, + degree. Sizeable town, good location. To $35K. N-12 EVP—Function as CEO of small, troubled bank in MO. Work out loan problems (last exam shows improve ment), handle ag loans, management, & some invest ments. Requires 5 or more yrs. exper. in same. Good future opportunity. $35K. N-13 CEO—In charge of bank operations, ag credits, col lections & supervising staff for $40MM bank. Demands strong bank exper. MO. $35K-$40K. N-14 AG BUSINESS LOAN OFFICERS—4 needed in size able NE towns to establish new ag lending program. Will be responsible for initiating, developing & managing all ag bus. loan production, and ensure that loans are in compli ance with established lending policies & procedures. Re quires 5 yrs. in ag bus. loans (working with large lines of credit), strong communication & cash flows. $35K + com missions. N-15 COMMERCIAL LOAN OFFICERS (2)—Join manage ment team & supervise staff, handle commercial & R.E. loans, marketing, advertising, new business development & computer area. Must have 3-10 yrs. bank exper. in all of above, and a strong farm background. $40MM ind. bank (high performance & rate of growth) with $30MM in loans. MN. Salary open; D.O.E. N-16 SR. LOAN OFFICER—Potential for #2 in $25MM ind. bank with $10MM loan port. ($5MM ag). Will begin by work ing on problem ag loans,- with total responsibility for all loans. An effective organizer, strong in cash flows, P & L’s, analytical skills, administering loan programs, supervis ing & supporting staff is needed, plus 10-15 yrs. ag/commercial lending. $40K + possible stock ownership in near future. N-17 AG LOAN OFFICER—#3 in $35MM ag dept, of $100 + MM, performance-oriented bank. Requires 2-5 yrs. ag lending exper. from bank or farm credit system; an ag gressive goal oriented individual who practices & keeps up with modern ag lending procedures. W. ILtown of 6000. Salary open; commensurate with experience. 3 Call on the “Experienced Professionals” Ready to meet your correspondent needs. ™ sr A FirsTier Company ^ serving as president and chief execu tive officer for the First National Bank o f Wheeling. Also at the bank, Melvin Buser and Kenneth Edge have been named vice presidents. South Dakota News ^ ^ 0 PIERRE: Following the annual meeting of First National Bank, Dennis Fargen, president, announced the promotion of William Fuchs to vice president and cashier and Jen nie Weingart to vice president. Mr. Fuchs, CPA, joined the bank in De cember, 1983. Ms. Weingart joined in 1973 and coordinates the electronic data processing function. North Dakota News 0 0 0 # GRAND FORKS: Arnold L. Braaten has been elected chairman, presi dent and chief executive officer of First Bank Grand Forks effective February 1. He succeeds Francis M. Schreder, who will retire June 30. Mr. Schreder will continue to serve as a director of the bank until that time. Mr. Braaten, who currently serves as president of First Bank Minot, has also been appointed divi sion director for First Bank Sys tem’s northern North Dakota region and will assume Mr. Schreder’s re sponsibilities for the coordination of the First Banks in Cando, Cavalier, Grand Forks, Langdon, Park River and Rolla, and East Grand Forks, Minnesota. cultural Lenders Institute will be held January 31-February 1 at the Casper Hilton Inn. The program schedule for the Institute follows: Thursday, January 31 " O T -------------------------------------------11:00 Registration. P.M. 1:00 Opening. Robert T. Noel, W B A president and presi dent, W yom ing National Bank, Casper. Philip M. Ellis, chairman of agriculture committee, and vice president, First Na tional Bank & Trust, Chey enne. 1:15 “ Econom ic O utlook’ ’ —H. Wade German, director of economic analysis, Union Pacific System, Omaha, Neb. 2:30 Break. 3:00 “ Livestock/Grain Outlook” — Robert Price, director of Western Livestock Market ing Information Project, Denver, Colo. 4:00 “ W yoming Agricultural Ex ports - New Markets for W yoming Products” —Cin dy Ogburn, Department of Economic Planning & Devel opment, Cheyenne. 6:30 Attitude adjustment hour, sponsored by C. Bud Racicky Agency, Cheyenne. 7:30 Dinner. _________Friday, February 1_________ A.M. 8:00 8:30 Wyoming News The 13th Annual Western Agri IOWA NATIONAL BANK CURRENCY 10:00 10:30 BEkSÊieï— jsA WANTED FOR PERSONAL COLLECTION Other services include purchase of appraisal of coin/currency estates or collections. I also wish to document the survival of Iowa National currency not necessarily available for purchase at this time. DON MARK Box 1, Adel, IA 50003 • 515/270-8170 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis P.M. 12:00 1:00 Coffee and rolls. “ A g Lending - Coping With Credit P roblem s I ” — Michael F. Ormsby, state director, FmHA, and Gene Selk, vice president, Omaha National Bank, correspon dent lending. Break. “ A g Lending - Coping With Credit Problems I I ” —Lend ers’ panel, moderated by Philip M. Ellis, ag commit tee chairman, and vice presi dent, First National Bank & Trust, Cheyenne. Lunch. “ A g Lending - Looking For • Member, F.D.I.C. ward” —Doug Agee, exten sion farm management spe cialist, University of W yom ing. Two microcomputer pro grams: A cash flow planning program and an inventory program for tracking live stock numbers and values, and feed am ounts and values. 2:00 Break. 2:30 “ A g Lending - Looking For ward” —Dr. Neil E. Harl, professor in agriculture and economics, Iowa State Uni versity, Ames, Iowa. The Agricultural Debt Prob lem. 4:30 Adjourn. □ D U BO IS: A t Dubois National Bank, Linda Burton has been pro moted from assistant vice president to vice president, and Bonnie Rice has assumed the duties of assistant vice president and cashier. She previously was operations officer. EDGERTON: Citizens State Bank, Edgerton, was closed January 4 by Acting Wyoming State Bank Exam iner K.L. Mcllhenny, and the FDIC was named receiver. “ Loan losses exhausted the bank’s capital funds, resulting in its insolvency,” accord ing to Mr. Mcllhenny. The FDIC is preparing to pay off insured deposi tors of the bank since no bids were received for an acquisition by another bank. Deposits in Citizens State totalled about $2.5 million in 1,000 deposit accounts. The FDIC estimates that all but about $97,000 of the bank’s deposits are within the federal insurance limit of $100,000 or are otherwise secured. Send Us Your News Please send us any news re garding recent promotions and appointments at your bank. N orthwestern B anker 306 15th Street Des Moines, IA 50309 4 Buy Direct From Factory — and Save! CALENDARS (1986) ADVERTISING SPECIALTIES (Serving The Banking Industry Since 1947) Send Sample - Indicate Quantity - We will quote — You Be The Judge — Standard Advertising Service, Inc. Box 432 • Council Bluffs, Iowa 51501 POSITIONS AVAILABLE EXEC. V.P. - Central Nebraska. Need commercial and some ag experience. No degree. $35K Range. AG LENDER • N.W. Iowa. Degree + 3-4 years of ag lending. 5-6 million ag portfolio. No. 2 spot. $30K Package. MARKETING - Need hands-on work with advertis ing, plus new product development. Degree. Omaha location. $35-60K. Call or send resume to: Richard L. Beam GUMBERT EXECUTIVE EXCHANGE, INC. 11246 Davenport Street Omaha, NE 68154 Phone: 402/330-3260 - Member National Personnel Assoc. We’re Nationwide BANK OPENINGS EXEC.—in $22 million. CLEAN Nebraska bank. Must have good lending background in Ag/Coml and ability to co-manage bank. Outstanding op portunity and location. To 40K. LOAN REVIEW—in large NE bank holding com pany. Ideal background would include 3 years with FDIC or Comptroller of the Currency. Degree. To 30K. MARKETING MANAGER—large NE institution seeks a person with three years in sales in a finan cial service industry. To33K. AG LOAN OFFICERS—NE, IA, SALARY OPEN Please call today or tonight to discuss your 1985 career goals. I have many new search assign ments since January 1. Phyllis S. Lynch STAFF AMERICA, INC. 900 Commercial Federal Tower Omaha, NE 68124 Phone 402/391-2065 or 402/895-1997 (evenings) POSITIONS AVAILABLE AG LENDER - Rapidly growing community bank seeks indiv with a 4 yr degree, 2+ yrs in bank lending and strength in agricultural lending. Credit/collections knowl edge a plus. $25K. COMMERCIAL LENDER - $100mm+ bank located near metropolitan/cultural area, seeks seasoned comm’l lender with 3 yrs exp to manage $10mm portfolio. $28K. TRUST OFFICER • CPA or JD with 2-3 yrs trust bkgd and strong marketing skills is needed by a $250mm growth ori ented midwestern bank. $35K. PORTFOLIO MANAGER • Large progressive institution is searching for an experienced individual who has analyzed short and long term investment needs, managed gov’t se curities and a $500K + investment portfolio. S35-55K. COMMERCIAL LENDER - 3+ yrs lending exp with leasing knowledge and large bank bkgd desired by $300mm + bank in MW. Progressive bank, visible spot, is expanding comm’l loan operation. $30-40K. VICE PRESIDENT - $20mm + bank is looking for a #2 man with 4-7 exp yrs in lending, credit and operations. Stable, solid community bank. Experience in similar sized bank a big plus. S27-32K. FOR FURTHER INFORMATION RESPOND IN CONFIDENCE TO: R. KURT ROSENCRANTS AT (515) 244-4414 1 m H> M> H> i R O B E R T MffVftJF 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 ALL FEES COMPANY PAID FOR SALE Financial Careers CEO for $25 million Iowa bank. Prefer experienced banker with college degree................................Salary $35,000 + BURROUGHS MODEL TT100 TELLER MACHINES—No reasonable offer refused. Contact Craig Fahrner, Bank of Clarendon Hills, 200 Park Ave., Clarendon Hills, IL 60514. Phone 312/920-3900. (FS) CEO for $35 million community bank. Requires 5-10 years experience, college degree and credit schools................. ..................................................................... Salary $50,000 ONE NCR PROOF MACHINE #775 with 20 pockets. In good working condition. Available in three months or by 2-28-85. Contact Art Wanderer, Phone: 312/257-5767. (FS) CORRESPONDENT OFFICER for major midwest bank. Prefer college grad, ag oriented, to travel Wisconsin or Illi nois ............................................................Salary $35,000. SHARP ELECTRONIC TELLER MACHINES—OverstockedSpecial Price for 30 days. Phone: 307/634-7402. (FS) BURROUGHS S590 SINGLE POCKET DOCUMENT ENCODER. New. Never Used. Contact D.T. Ledlie, Phone: 815/453-7441. (FS) COMMERCIAL LENDER for $100 million bank. Requires 5-10 years experience. Job entails loan cleanup—both ag and com mercial..................................... Salary $40,000 + POSITION AVAILABLE NUMBER TWO person for $140 million bank. Must have loan experience in larger bank. Position leads to CEO . . . . ................................................................. Salary $50,000 + COMMERCIAL LOAN OFFICER—$600 million central Iowa bank seeking an aggressive lender with college de gree and 5-10 years experience. Proven success with com mercial credits and work-out scenarios desired. Excellent career opportunity. Send resume and salary history in con fidence to file WCO, c/o Northwestern Banker. (PA) TRUST BUSINESS DEVELOPMENT—Immediate opening in major metropolitan Trust Division for a Business Development Representative. Responsibilities include generating and monitoring new business and sales through marketing Trust services. JD and Trust or Marketing exper ience preferred. Please send resume and salary history to: Russell Jensen, Employment Specialist, Bankers Trust Co., Box 897, Des Moines, IA 50304. (PA) COMMERCIAL LOAN OFFICER—Immediate opening for head of commercial loan department. This person will also supervise officer in charge of consumer loans. Minimum of 3 years commercial experience required. Salary com mensurate with experience. Excellent benefits and career opportunities. Contact: Robert S. DeWaay, President, United States Bank, P.O. Box 309, Cedar Rapids, IA, 52406. Member Hawkeye Bancorporatlon. Phone 319/366-8413. (PA) DON-yScHOOLER Ir AND Q j) V ) A S S O C IA TE S "Successful Banking is Quality Personnel" If you would like to be informed of positions as they become available and if you are interested in chang ing your present position, send your resume or phone Don Schooler, 417-882-2265, 2508 East Meadow, Springfield, Missouri 65804. Information on you will be kept confidential until you are inter ested in a specific position. Eighteen years of banking serving as President of rural and metropolitan banks enables me to match you, technically and personally, with the right bank ing environment. POSITIONS CURRENTLY AVAILABLE Missouri, Iowa Oklahoma, Kansas, Arkansas, Illinois, and Nebraska COMMERCIAL LENDER, $150mm bank, $10,000 portfolio, middle market credits, excellent loca tion .......................................................... $35,000 COMMERCIAL LENDER, $100mm + bank, solid commercial construction lending background, $10mm portfolio, work-out cre d its........... $40,000 PRESIDENT, in a top suburban location, strong business development and social background . . . ...................OPEN WITH OWNERSHIP EQUITIES COUNTRY BANK COMMERCIAL LENDER, $80mm, #3 man, 7,500+ population, southern Missouri, business development skills .. .$25,000 COUNTRY BANK, #2, Excellent town of 2,000, small bank, needs all around lending abilities . . . ...................................................................$25,000 PRESIDENT COUNTRY BANK, $30mm + bank, ag oriented, work-out credits, population of 4,000 ... ...................................................................$45,000 PRESIDENT SUBURBAN BANK, $40mm + , out standing growth potential, requiring a seasoned, stable, team builder administrator................OPEN PRESIDENT COUNTRY BANK, near college, $20mm + , work-out and documentation expertise ...................................................................$45,000 OPERATIONS HEAD, $30mm + , good college to w n ...........................................................$25,000 COUNTRY BANK LENDER, $30mm + , 1,500 popu lation, strong ag background, strong banking or ganization ................................................. $30,000 COMMERCIAL LENDER for $600 million midwest bank. Must be experienced in handling major credits and good at documentation..................................... Salary $40,000. COMMERCIAL LENDER for major southern Minnesota bank. Requires 5 or more years experience......................... ............................................. ..................Salary to $40,000. TRUST OFFICER for $300 million midwest bank. Prefer lawyer or CPA with trust experience . . . . Salary $35,000 + AG LENDER for major eastern Iowa bank. Located in metro area. Candidate will work in rural office................... ............................................................... Salary to $30,000. TRUST OFFICER for $70 million Iowa bank. Prefer lawyer with two or more years experience in handling trusts and e sta te s...................................................... Salary $30,000. BRANCH MANAGER for bank located near major urban area. Requires 10 years experience. Prefer steady, wellrounded, ag-oriented banker with insurance licenses . . . . ................................................................... Salary $30,000. CASHIER for eastern Nebraska bank. Requires 3-5 years experience.............................................. Salary to $32,000. AG LENDER for northern Iowa bank. Prefer college grad with one or two years experience. Must know documenta tion .........................................................Salary to $25,000. AG LENDERS for PCA, to serve as managers in excellent farming areas. Offices do not have major problem loans. Prefer college grads with 3 or more years experience and farm background. Good documentation record is essential ................................................................ Salary to $30,000. Write or call Malcolm Freeland or Cy Kirk in care of Freeland Financial Service, Inc., 1010 Equitable Bldg., Des Moines, Iowa 50309. Phone 515/282-6462. Employer pays reasonable fee. Many other opportunities now available. BANKING OPPORTUNITIES COMMERCIAL LO—upper Midwest, $200mm bank, advancement opportunity, 2 + yrs exp. $30-45K. SR AG LO—solid rural NE Bank, ownership available. $40K. AG LO—Near Des Moines, $50 + mm bank. $30-35K. TRUST OFCR—2 openings large depts, metro areas, mktg skills needed. $25-35K. COMMERCIAL R/E LO—1 yr experience, large midwest grp, metro. $25K. Barbara J. Rltta or Pam Swenson PROFESSIONAL RECRUITERS, INC 6818 Grover Street, Suite 102 Omaha, NE 68106 Phone: 402/397-2885 POSITIONS AVAILABLE REAL ESTATE OFFICER - manage dept, for $100MM bank located in college town. Experience with secondary mar ket operation a plus. $28K SECOND OFFICER - $35MM Agri-oriented bank. Minimum five yrs. Ag-Lending experience $35K SENIOR LENDER - supervise all lending divisions of $125MM community bank. Degree and experience in large bank desired. $45K COMMERCIAL LOAN ■ $75MM suburban bank affiliated with major holding company. Requires excellent docu mentation and analysis skills. $30K CEO • medium size Ag bank located in small northern Mis souri community. Previous administrative experience re quired. $40K Additional opportunities available in Midwestern States. TOM HAGAN & ASSOCIATES 2024 Swift - Box 12346 North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry Since 1970” Vol. 13 No. 40 Northwestern Banker Newsletter (USPS 873-300) is published weekly by the Northwestern Banker Company, 306 Fif teenth Street, Des Moines, Iowa 50309, (515) 244-8163. Subscriptions $1.00 per copy, $18.00 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