The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Vol. 11 No. 40 Des Moines, Iowa Letters Deluge Congress Protesting Withholding Robert G. Millen, president and CEO. Ms. Hein, who joined the bank in 1979 and was elected to assistant vice president in 1981, was previous ly employed by the Brenton Na tional Bank of Des Moines. An outpouring of letters to mem bers of Congress protesting the re cently enacted bill for withholding of 10% on interest and dividends was described last week by a veteran EDGEWOOD: Steven A. Brady, W ashington observer as “thë larg cashier of Community Savings est ever seen on any issue.” The mail Bank, was also elected vice presi was still pouring into Congressmen dent at the annual meeting. Jac at mid-week, many of whom have queline A. Johnson, assistant cash gotten on the bandwagon to co ier, was also named data processing sponsor remedial legislation. coordinator. Stockholders at their The American Bankers Associa meeting approved application for tion has been conducting a nation trust powers for the bank. wide blitz through member banks to encourage bank customers to write to their Senators and Represen FARLEY: Nancy A. Dunkel was tatives, and IBAA has done the promoted recently to assistant vice same through its membership. Ap president at Farley State Bank. parently it has paid off, according to Also, Lynne A. Gibbs, assistant estim ates of the mail volume stack cashier, was appointed personnel of ficer, and Robert J. Wilwert was ing up. Repeal legislation is expected to named assistant ag loan officer. move forward in a week or so when GIBSON: Craig Arendt has been the new Congress gets moving. named cashier of the Gibson Sav ings Bank. That title formerly was Iowa News held by Larry Arendt, who contin BUSSEY: Raymond Vanderhorst, ues as president. Craig Arendt con vice president at State Bank of tinues his duties as manager of the Bussey, has been elected chairman bank’s insurance agency. of the board of the bank. DES MOINES: Barbara L. Hein has been elected vice president in the Metropolitan Commercial Services Division of United Central Bank of Des Moines, N.A., according to January 24,1983 MANCHESTER: Richard E. Tool has retired as vice chairman and trust officer of the Farmers & Mer chants Savings Bank and by unani mous vote of the stockholders was elected an honorary director. He was president of the bank until several years ago and is a past president of the Iowa Bankers Association, of which he is a 50-year member. Mich ael W. Dunn was advanced from vice chairman to president, succeeding Cecil W. Dunn, who continues as chairman. MELBOURNE: Chairman William L. Welp of the Melbourne Savings Bank has announced the election to president of Gary L. Northrup, who was formerly executive vice presi dent. MOUNT AYR: Jack Elliot, ex ecutive vice president at Security State Bank, Mount Ayr, will retire Feb. 28 after 11 years of service with the bank. Mr. Elliot, an ag lender, will remain on the bank’s board of directors and will remain as a representative to Hawkeye BAN/ PAC. WYOMING: R.L. Orth, executive vice president, Citizens State Bank, GRISWOLD: Sara Thornton Bates, has announced these promotions: who joined Griswold State Bank in Harlan R. Jacobson, cashier, also 1978 and has been internal auditor named first vice president; David C. since 1981, has been elected assis Butterworth and James D. Eichtant cashier. horn to assistant vice presidents. ASK JOHN MANGOLD to make MNB work for you. Toll free: 1-800-332-5991 Merchants National Bank isi M em b er F.D.I.C. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A BANKS OF IOW A BANK 2 Would you trust your money with a sloppily dressed teller? Perhaps your customers feel the same way. We can change that for only $1.00 per teller per day. Æ e à J / io e k ^ CAREERAPPAREL 523 N. Main St., Carroll, la., 51401 712-792-2748 NORTH LOUP: Stephen Blocher has been advanced to cashier at North Loup Valley Bank, according to Emil Hrebec, president. He has been with the bank since September, 1981. He succeeds James A. Bodyfield, who resigned as vice president and cashier to join Nebraska State Bank at Ord as a vice president. OVERTON: Robert J. Creighton, Sr., recently resigned as chairman of the Bank of Overton, but remains on Nebraska News the board of directors. He is succeed CRAWFORD: Dan L. Fisher, presi ed by his son, Robert J. Creighton, dent of the Crawford State Bank, Jr. Mrs. Jean McTygue, cashier, and his wife, Alice, have sold the also was named a vice president, and bank to Charles R. Leffler, Sr., and Donna Margritz was elected assis Charles R. Leffler, Jr., of Lincoln. tant cashier. Ken Hurner continues Mr. and Mrs. Fisher are moving to as president. Grand Island. Charles Leffler, Sr., has been elected chairman and presi PENDER: The Pender State Bank dent. No other changes are planned. has named Mavis Berg vice presi Mr. Leffler also owns the Sioux Na dent, Evelyn Webster cashier and tional Bank at Harrison and the Alane Vollers assistant cashier. Security State Bank at Holbrook. RANDOLPH: Vernon Viergutz, ELGIN: A t their annual meeting president of the First State Bank, directors of the Bank of Elgin pro has announced the election of Sandy moted Judy Hestekind and Joan Burbach as assistant cashier. Bergstrom from assistant cashiers to assistant vice presidents. The SWANTON: Charles R. Leffler, Sr., bank completed the year in its has sold the Bank of Swanton to recently remodeled building that James D. Krantz, president of First National Bank in Bayard, where Mr. doubled the bank’s physical size. Krantz will continue to live. Thomas LINCOLN: National Bank of Com A. Bass continues as president of merce has received approval for the Bank of Swanton. three more CBCT units which will be Minnesota News located at Winthrop Road & Ryons, 14th and Superior Streets, and 4135 As outlined in last week’s issue, South 48th Street. the Minnesota Bankers Association Professional ... Responsive... U sed by bankers throughout the m idwest A BANKS O F IOW A BANK Member FDIC Purchase of Collections R eliab le and respected service for over 20 years Valley National Bank ñ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Estate Appraisals Sale o f Rare Coins Call Mark Christen for any correspondent service. Call toll free (800) 622-7262 DES M O INES, IOW A 50304 will host its 22nd annual Senior Bank Management Conference Feb ruary 8-9 at the Radisson Hotel, St. Paul. This is the meeting at which senior bank management hosts members of the Minnesota legisla ture and their spouses at the even ing reception and dinner. This year a special afternoon session has been put together as a panel of three of the state’s top economists, who will be discussing the future direction of the Minnesota economy. The legis lators have been invited as M BA’s contribution to this legislative pro cess. The following conference de tails now are available: Tuesday, February 8 1:30 p.m.—Briefing on Legislative Issues. 3:00 p.m.—Mini-Conference on “Eco nomic Options ’83.” Panelists: Prof. Wilbur Maki, professor of agri culture and applied economics, Uni versity of Minnesota, St. Paul; Re presentative John Brandi (DFLMinneapolis), economist at Hubert Humphrey Institute, University of Minnesota; Dr. Sung Won Sohn, senior vice president and chief econ omist, Northwestern National Bank, Minneapolis. 6:15 p.m.—Reception and dinner with state legislators and spouses as special guests. Wednesday, February 9 9:00 a.m. through noon luncheon and speaker. Topics: “Bank Man- Ben E . Marlenee Coins 913 Locust Des Moines , Iowa 50309 515-243-8064 # EF Hutton & Company Inc. Member New York Stock Exchange iP H u tto n One Carriers Building Des Moines, lowa 50309 Telephone: (515) 288-2152 Municipal__________ _________ - Commercial Bank Corporate Minimum Tax Planner _______________________ Average Cost of Funds (% ) Interest Rate 6.00 6.50 7.00 7.50 8.00 8.50 9.00 9.50 10.00 10.50 11.00 4.00 3.586 4.086 4.586 5.086 5.586 6.086 6.586 7.086 7.586 8.086 8.586 9.086 9.586 10.086 10.586 3.552 4.052 4.552 5.052 5.552 6.052 6.552 7.052 7.552 8.052 8.552 9.052 9.552 10.052 10.552 3.517 4.017 4.517 5.017 5.517 6.017 6.517 7.017 7.517 8.017 8.517 9.017 9.517 10.017 10.517 3.483 3.983 4.483 4.983 5.483 5.983 6.483 6.983 7.483 7.983 8.483 8.983 9.483 9.983 10.483 3.448 3.948 4.448 4.948 5.448 5.948 6.448 6.948 7.448 7.948 8.448 8.948 9.448 9.948 10.448 3.414 3.914 4.414 4.914 5.414 5.914 6.414 6.914 7.414 7.914 8.414 8.914 9.414 9.914 10.414 3.379 3.879 4.379 4.879 5.379 5.879 6.379 6.879 7.379 7.879 8.379 8.879 9.379 9.879 10.379 3.345 3.845 4.345 4.845 5.345 5.845 6.345 6.845 7.345 7.845 8.345 8.845 9.345 9.845 10,345 3.310 3.810 4.310 4.810 5.310 5.810 6.310 6.810 7.310 7.810 8.310 8.810 9.310 9.810 10.310 3.276 3.776 4.276 4.776 5.276 5.776 6.276 6.776 7.276 7.776 8.276 8.776 9.276 9,776 10.276 3.241 3.741 4.241 4.741 5.241 5.741 6.241 6.741 7.241 7.741 8.241 8.741 9.241 9.741 10.241 .50 5.00 .50 6.00 .50 7.00 .50 8.00 .50 9.00 .50 10.00 .50 11.00 Municipal _______________________________________ i__________ Taxable Equivalent Yields Interest Rate 6.00 6.50 7.00 7.50 8.00 8.50 9.00 9.50 10.00 10.50 11.00 4.00 6.641 7.567 8.493 9.419 10.345 11.271 12.197 13.123 14.049 14.975 15.901 16.827 17.753 18.679 19.605 6.578 7.504 8.430 9.356 10.282 11.208 12.134 13.060 13.986 14.912 15.838 16.764 17.690 18.616 19.542 6.513 7.439 8.365 9.291 10.217 11.143 12.069 12.995 13.921 14.847 15.773 16.699 17.625 18.551 19.477 6.451 7.377 8.303 9.229 10.155 11.081 12.007 12.933 13.859 14.785 15.711 16.637 17.563 18.489 19.415 6.386 7.312 8.238 9.164 10,090 11.016 11.942 12.868 13.794 14.720 15.646 16.572 17.498 18.424 19.350 6.323 7.249 8.175 6.258 7.184 8.110 9.036 9.962 10.888 11.814 12.740 13.666 14.592 15.518 16.444 17.370 18.296 19.222 6.195 7.121 8.047 8.973 9.899 10.825 11.751 12.677 13.603 14.529 15.455 16.381 17.307 18.233 19.159 6.130 7.056 7.982 8.908 9.834 10.760 11.686 12.612 13.538 14.464 15.390 16.316 17.242 6.067 6.993 7.919 8.845 9.771 10.697 11.623 12.549 13.475 14.401, 15.327 16.253 17.179 18.105 19.031 6.002 6.928 7.854 8.780 9.706 10.632 11.558 12.484 13.410 14.336 15.262 16.188 17.114 18.040 18.966 .50 5.00 .50 6.00 .50 7.00 .50 8.00 .50 9.00 .50 10.00 .50 11.00 9.101 10.027 10.953 11.879 12.805 13.731 14.657 15.583 16.509 17.435 18.361 19.287 18.168 19.094 Arthur Anderson & Co. Anv representation as to yield, where the price on bonds is less than par value, refers to gross yield and does not reflect the effect of any applicable tax on capital gains. Statements herein contained are based upon information furnished us from official or other sources. While we do not guarantee their correctness, we believe them to be reliable and have ourselves relied upon them. FRASER Digitized for https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis (data source) December 6, 1982 agement Planning”; “Review of De regulation”; “Federal Legislation”; “Communications and Marketing in a Changing Environment” (BAAP’s Full Service Banking new TV cam paign will be previewed at this time); “Comments” by new Minnesota Banking Commissioner John Chis holm. relations, and Douglas M. Bach, real estate banking, to vice presidents. James K. Francis, commercial bank ing, and James A. Stavenger and Gary H. Boylan, consumer banking, to assistant vice presidents. Emestina L. Judd to consumer banking officer, and Scharlott A. W alstedt to corporate secretary. MINNEAPOLIS: Commissioner of Banks John Chisholm has approved consolidation of Metropolitan Bank Bloom ington and M etropolitan State Bank under charter of the lat ter at 4930 34th Avenue South, Min neapolis, and retaining a detached facility at 1551 East 78th St., DULUTH: Leonard Griffith has Bloomington, and one at the airport retired as senior vice president at terminal. Total capital is $1,332,700. First National Bank after a 30-year NEW ULM: John Wiesnewski, who career with the bank. joined Farmers and M erchants HOPKINS: John Raymond, presi State Bank last September, recently dent of First Bank Hopkins, has an was advanced to president to suc nounced these promotions: Jim ceed George A. Volz, who retired Cory, head of operations; John Mc after 35 years with the bank. Mr. Donald, head of credit administra Wiesnewski previously was with tion; Delores Olen, head of retail Commercial State Bank, St. Paul for hanking division, and Bruce Wat seven years, leaving there as a son, real estate division, all to senior senior vice president, and prior to vice presidents. Rod Brostrom, man that spent seven years with First ager of the personal banking center, Bank St. Paul. David Lynn was pro and Brad Krogman, manager of the moted at F&M State Bank to vice sales finance department, were named president. He has been with the bank five years. assistant vice presidents. CLARKS GROVE: New officers elec ted at State Bank are: John J. Narverud from cashier to president; Donald H. Benson, vice president, also named chairman; Garnet Folie to cashier, and Barbara Wright elected assistant cashier. HOPKINS: William D. Wilkening, president of Northwestern BankW est, has announced these promo tions: William H. Hrabe, human ST. PETER: John Bresnahan has been advanced to senior vice presi dent in charge of operations at First National Bank. He has been with the bank 25 years, m ost recently as a vice president. WHITE BEAR LAKE: Alan Burchill has been elected vice president and manager of retail banking at the head office of First State Bank. Debra Bisek succeeds him as man ager of the Little Canada detached office and has been elected assistant vice president. Thomas Hansen has been elected assistant vice pres ident-commercial lending. South Dakota News ABERDEEN: Teresa (Terry) L. Flamboe has joined the First Na tional Bank staff as assistant vice president in the credit department. A native of Wyoming, she was with First Wyoming Bank at Laramie since 1977, resigning there as vice president in charge of lending and compliance to move to Aberdeen with her husband. PIERRE: Mike J. Clark was elected senior vice president in charge of branch administration at BankW est, N.A., with supervision of branches in Onida, Vivian and Kadoka, as well as the insurance agencies owned by the bank in those towns. He had 18 years previously with National Bank of South Dako ta. Charles H. Burke III, supervisor of teller operations; Judy Clark, in stallm ent loan department; Jay Nagel, ag loan department, and San dy Zinter, commercial department, Prom ote yourself to the head of the route l i s t . . . Please enter my personal subscription to NORTHW ESTERN BANKER for: □ 1 year, $18 □ 2 years, $33 Amount Enclosed____________ Mail subscription to Name________________________ Title__________________________ Firm ________________________ j □ Business________________________ or □ Home _________________________ City_________________ State_______Zip 306 Fifteenth Street Des Moines, Iowa 50309 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis You may wish to take advantage of our Special Club Rate (5 or more) so you can add other officers and directors of your bank. These Club Rates are: One Year Two Years $14 each $26 each Just enclose a typed list of names and addresses and tell us whether you want the one or two year package. Send check for total, or we will be glad to bill your bank. Supplement to Northwestern Banker Newsletter 1-24-83 NEW ISSUE ANNOUNCEMENT $500,000 Series A $480,000 Series AA City of Fertile, Iowa Industrial Development Revenue Bonds Fertile Feed Service Project $5,000/unit R .G . D IC K IN S O N & CO. Investm ent Securities NEW ISSUE Robert C. Gibb, Mgr. Bond Dept. Rebecca L. Gibb, Mgr., Bond Trading R.G. DICKINSON & CO. * 910 Grand Des Moines, IA 50309 MEMBER S.I.P.C. 1-800-362-2520 515/247-8100 Please send me a copy of the prospectus describing the City of Fertile, IA Industrial Development Revenue Bonds for the Fertile Feed Service Project. Name ------------------------------------------------------------------ ------------------------------------------------------------ P h o n e ______________________ A d d re s s __________________________________ ____________________________________________________________ C ity ---------------------------------------------------------- ------------------------------- - S ta te __________________ Z ip __________________ This announcement is neither an offer to sell nor a solicitation to buy any of these securities. The offer is made only by the prospectus. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ' M /' $0 ï, itö :fí^cfíh ïlift i í . 'x h ñ i | l :'' vh :> a: ¿ ? -: k -V g un&S 'W0& ‘.;-i (JN'ní* M . VC y q jfe ■-■l p : h»>' s l f c ** '::jtti'>í-c: irjÿiÿôÿ; 4 . t ì S f l f f https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 5 CALL ON THE “PERFORMANCE TEAM” where comm on transactions are handled uncomm only well. FIRST NATIONAL LINCOLN _____ 13th & M Street • Lincoln, Nebraska 68501 » Member, F.D.I.C. czdfoCdsx and. c^dfuoaLatzi Count on Steve Hatz. Bank Consultants Specializing in Bank Acquisitions For the best in ag overline, data process ing and cash management services, along with expert advice and guidance, call Security Correspondent Banker Steve Hatz at 712/277-6554. 515-232-0814 P.O. Box 450 405 Main Ames, Iowa 50010 Donald E. Holder, Principal all have been elected assistant vice presidents. WEBSTER: Duane H. Podoll, for merly executive vice president and cashier of Day County Bank, has been elected president to succeed R.C. “Bob" Franzen, who continues as chairman. Lynda N. Klungseth, with Day County Bank in Webster since it opened in 1974, was named cashier. Mr. Podoll also has been with the bank since 1974. Prior to that he was with Farmers & Mer chants Bank and Trust, Aberdeen, and was assistant professor of economics at Northern State Col lege, Aberdeen. Illinois News » The Illinois Bankers Association is sponsoring its annual legislative trip to Washington, D.C., January 30-February 2. The trip scheduled earlier in January by AMBI was cancelled in order to join the IB A forces in view of the recent vote to consolidate the two organizations into one. Also, IBA has appointed nomi nating com m ittees in the five regions of the state to present a slate from which five persons will be selected from each region to serve on the new 30-member IRA board of directors. The three officers of IBA and three of AMBI will automatical ly be on the board. Since four of them are in Region 3, that region will select only one additional board member. The other two officers are from Region 1, so only three will be nominated there. A sixth group or region, as outlined in the merger agreement, is made up SECURITY N A TIO N A L BAN K Sioux City, Iow a 51101 M em ber ED.I.C. of the 10 largest banks in the state and they will place five persons on the new IBA board. The elections will be held in February on a date to be selected. Other persons wishing to be on the ballot must file independently with IBA and have endorsing signatures of 25% of the banks of their region. North Dakota News BELLE FOURCHE: Morris Carlson has been elected vice president of Tri-State National Bank, effective February 1. BISMARCK: James L. Hilgers, cashier at First Bank Bismarck, has also been elected vice president, it was announced by Bob Westbee, president of the bank. of Farmers State Bank of Winner, S.D., has been elected executive vice president and CEO of the Security Bank. He succeeds Harold Knudtson, who will be in charge of in surance and remain as a bank direc tor. John M. Shonsey, chairman of the bank in Winner, as well as American State Bank in Yankton, S.D., and American National Bank of Omaha, Nebr., will be chairman at Hebron. LITCHVILLE: Gary Justesen was advanced from cashier to president at Litchville State Bank, succeeding Dennis Anderson, who retired after 17 years as president. Mr. Anderson continues on the board. Jerald Johnson was promoted to assistant vice president and cashier and was elected a director. FAIRMOUNT: Directors of Peoples State Bank recently elected Jeffrey L. Ellsworth as an assistant cashier. Montana News BIGFORK: The Federal Reserve HEBRON: Hebron Banshares, Inc., Bank of Minneapolis has given ap recently purchased controlling in proval to the application by Flatterest of the Security Bank from head Holding Company of Bigfork Herb Kisse, who will continue at to become a holding company this time as president of the bank. through acquisition of the Flathead Dale Pahlke, formerly vice president Bank of Bigfork. An important new profit center for your bank: Contact: Leroy Bell or Milt Hennick COLORADO M ID W IN T E R M A N A G E M E N T CONFERENCE If you’re interested In arriving early or staying late, call me Toll Free: DW AYNE SM ITH Phone 1-800/922-2590 Paradise Properties, Box S Dlllion, CO 80435 REDUCED RATES https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ■ a computerized local billing/credlt service 319-291-5412 National Bank of Waterloo 315 East 5th St. • W aterloo, IA 5 0 7 0 4 Member Federal Reserve System FDIC — WANT ADS — Rates are $5.00 per line per insertion. Add $3.00 for file letters per insertion. Identity of file letter advertisers cannot be revealed. Northwestern Banker 306 - 15th Street Des Moines, Iowa 50309 Phone 515/244-8163 AVAILABLE POSITIONS AG LENDING OFFICER/OPER MGR— Numerous openings in IA for qualified individuals with 3 + years ag lending exp. Excellent opportunities to expand your horizons. Salary ranges from $20,000 to $30,000. Contact Lou Schwertfeger at 244-4414. FOR FURTHER INFORMATION RESPOND IN CONFIDENCE TO: <H M 1 iMM1 <M 1 Bank Division ROBERT HALF of Iowa, Inc. 317 6th Ave. Des Moines, IA 50309 (515) 244-4414 POSITIONS AVAILABLE SERVING PROFESSIONALLY Senior Commercial Lender for Colorado bank. Requires Banking, Financial & Business Personnel Iowa and Nationwide CAPITAL PERSONNEL SERVICE 714 U.C.B. Building, 515-283-2545 Des Moines, iowa 50309 more years e x p e rie n c e ................................Salary to $25,000 POSITIONS AVAILABLE Ail positions are in Missouri, Iowa, Kansas, Arkansas or Oklahoma President, $20mm bank, small town To $32,500 President, $18mm bank, small town To $35,000 President, $50mm bank, small town Open President, $5mm bank, small town Open President, $40mm bank, est. population 70,000 To $45,000 Commercial Lender, $250mm bank, est. population 100,000 To $42,000 Bond Administration, Sales, metro bank Cashier, $5mm bank, small town Auditor, $25mm bank, sm alltow n Open Open Open Positions available change as more openings become avail able or as positions are filled. If you are interested in making an advancement or change in your present situation, as a candidate registered with me, you will be informed as posi tions com e available that would appeal to you based on w hat YOU want in a bank, in salary, in location, and in size of town or city. I do not reveal your name to a client bank un til you are interested in interviewing. AUDITOR—CPA with 2 years experience. Data processing Schooler, 901 A. West Jackson, Ozark, Missouri 65721. Phone (417) 485-6020. lion bank within 35 m iles of Des Moines. Must have sea soned experience in cash flow and analysis, direct farm call ing, & work-out loans. Opportunity to be 2nd officer within 1-2 years. Salary commensurate to experience. Send resume & salary history to file RBN, c/o Northwestern Banker. (PA) D O N -'ficH O O LER In AND I P _____________________________________ (PA) FOR SALE NCR 7750-2201 PROOF MACHINE. 16 pockets. 3 years old. Available immediately. Phone Charles at 507/847-3010._____________________ (FS) OFFICER POSITION in northwestern Iowa. Minimum 3-5 years experience necessary. Insurance operations & loans. Contact Stanley O. Nervig, Vice President, Farmers State Bank, Marcus, Iowa 51035. Phone 712/376-4154. (PA) AG DEPARTMENT— Imm ediate opening for agricultural loan o fficer (or trainee) w ith a minimum of 3 years bank ex perience. Potential for advancement. Good compensation and fringe benefits. Growing independent bank ($29 million) in central M innesota town of 1,000. Send resume to file SBB, c/o Northwestern Banker. (PA) AG LOAN OFFICER — $50 million central Iowa bank. Three years banking experience required. Ag degree desirable, but not absolutely necessary. Send resume to file SBD, c/o Northwestern Banker. (PA) COMMERCIAL LENDING OFFICER— Progressive $33 miliion southeastern Nebraska bank has an opening for ex perienced com mercial loan officer. Salary com m ensurate with experience. W rite file SBG, c/o Northwestern Banker. WANT TO BUY Individual wants to acquire Iowa or Nebraska bank. Con tact Mike Keim at Thurman State Bank (IA) or phone 402/397-5161. (WTB) FOR SALE OR ASSUME LEASE* NCR 9020 Banker 80 Software 4 - 7900 CRT’s 1 - 6420 Band Printer #3 LOAN OFFICER — $21 million north central Iowa bank. Prefer some experience. Send minimum salary require ment with resume to file SBH, c/o Northwestern Banker. _____________________________________ (PA) SENIOR LOAN OFFICER — Imm ediate opening for an am bitious experienced person interested in an outstanding opportunity. Prefer strong Agricultural experience with farm background and ag degree. Excellent com pensation and fringe benefits. M ostly dairying, and in a beautiful resort area. Contact R.E. Gandrud, Pope County State Bank, Glenwood, M innesota 56334. Phone (612) 634-4545. (PA) LOAN OFFICER for $18 million bank in north-central Il linois. M anage loan portfolio. 3-5 years experience need ed. Send resume to file SBJ, c/o Northwestern Banker. (PA) VP/OPERATIONS OFFICER— $30 milion bank in rapidly growing area of Kansas City is seeking an experienced in dividual as part of senior management team. Attractive sal ary. Send resume to file SBK, c/o Northwestern Banker. (PA) AG LOAN OFFICER needed in a $17 million east-central Nebraska bank. Prefer farm background with a degree and insurance licenses. Salary open. Send resume to file SBL, c/o Northwestern Banker. (PA) 4-5 years experience in AG LENDING to head up depart ment in mid-sized central Iowa bank. Ag degree preferred. W r ite f ile S B M , c /o N o rth w e s te rn B a n k e r.(P A ) Box 511 Glasgow, MT 50320 Phone 406/228-4364 (FSorL) Ag Banking People Specialists Other employment firm s specialize in bankers...only AGRIcareers concentrates on serving agricultural bankers personnel needs. Our ag banking specialists understand agricultural personnel and banking. Get the latest information on ag banking can didates or positions without cost or obligation. Call today. Jeannie 515/363-9598 (If no answer 712/779-3677) Linda 515/394-5827 W e help employers hire better, faster, easier. Guaranteed service. Since 1968. Serving Iowa and the nation from New Hampton, IA 50659 and Massena, IA 50853 « Correspondent Officer for m ajor Upper M idw est Bank. Ag and com mercial lending experience plus college degree p re fe rre d .......................................................... Salary to $38,000 Commercial Lender for suburban bank in m ajor Nebraska c i t y ..................................................................... Salary to $40,000 Operatlons/Cashler position in northwest Iowa com m unity b a n k ................................................................... Salary to $28,000 Ag Lendlng/lnsurance position in northwest Iowa bank near Lakes a r e a ........................................................ Salary open Ag Representative for northwest Iowa. Requires a min imum of one year’s e x p e rie n c e .......................Salary $22,000 Number Two Person for southeast Iowa com m unity bank. Operations experience required..................... Salary $27,000 Ag Representative for bank in m ajor Iowa college town . . . ....................................................................................... Salary open Operations position for North Dakota bank... located in great hunting and fishing a r e a .......................Salary $22,000 Ag Lender position for bank near Des M oines. Some knowledge of operations a p l u s .................... Salary $25,000 W e have many other positions open at present, so if you want to move up and further your career at this tim e, w rite of call M alcolm Freeland, Freeland Financial Service, Inc., 1032 Carriers Bldg., Des Moines, Iowa 50309. Phone 515/282-6462. Employer pays fee. Mr. Banker: It’s Our Business To Help Your Retailer’s Business! Generate Instant Cash From Inventory We are specialists in: •Instant Cash Raising Sales •Inventory Reduction Sales •Going Out of Business Sales •Store Management Consulting •Profitability Research •All Types of Special Promotions CAPITAL PROMOTIONAL SERVICES F.O. DAVIS & ASSOCIATES 1105 State St. Tama, IA 52339 515/484-2479 POSITIONS AVAILABLE Contact: Treasure State Bank _____________________________________ (PA) Commercial Lender for southeast Iowa bank. Requires three years e x p e rie n c e ................................Salary to $38,000 ASSOCIATES "Successful Banking is Quality Personnel' AG LOAN OFFICER — Minimum tw o years banking exper ience required. Ag degree a plus. $60 m illion central Iowa bank. Send resume to file RBR, c/o Northwestern Banker. in northern Illin o is ........................................ Salary to $40,000 Ag Representative for central Iowa bank. Requires tw o or POSITION AVAILABLE Strong, aggressive Agricultural Lender needed for $35 m il Loan Review Specialist for Illinois banking group, located Auditor/Loan Review person for $150 m illion m idwest b a n k ................................................................... Salary to $28,000 Eighteen years of banking service as President of both rural and metropolitan banks enables me to find the right bank ing environment for you. Phone or send resume to: Don W. background would be helpful. $250 million bank in NE Iowa. Send resume to file SBI, c/o Northwestern Banker. (PA) minimum of five years experience in larger b a n k ................ ............................................................................ Salary to $45,000 NA TION W IDE aoncareers,inc . THE ORIGINAL AGRICULTURAL RECRUITER CEO — $40M M com m unity bank affiliated with holding company. Requires solid com mercial loan background and excellent interpersonal skills. Challenging and rewarding opportunity for aggressive and profit oriented banker. $ Open BRANCH LENDER— handle installm ent, real estate and some com m ercial credits for facility of Missouri resort area bank. $20,000 CO M MERCIAL LENDER— opportunity to manage loan portfolio in $75MM suburban bank. Prefer degree and experience in sim ilar size bank. $38,000 AGRI-LOAN— serve as senior officer in $15M M rural bank. Degree in Ag desired. $26,000 PRESIDENT— small rural bank with m ajority of credits in cattle and feeder lots. Some background in operations re quired. $33,000 O PERATIONS— second position in $35M M community bank. Handle internal operations, budgets, reports and asset-liability m anagem ent. Accounting degree preferred. $28,000 Sample listing of current openings. For consideration, for ward salary requirements and resume.' All inquiries strictly confidential. TOM HAGAN & ASSOCIATES of Kansas City 2024 Swift - Box 12346 North Kansas City, MO 64116 816/474-6874 “Serving the Banking Industry Since 1970” Vol. 11 No. 40 Northwestern Banker Newsletter (USPS 873-300) is published weekly by the Northwestern Banker Company, 306 Fifteenth Street, Des Moines, Iowa 50309, (515) 244-8163. Subscriptions $1.00 per copy, $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
@FedFRASER