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• January 25,1982 Des Moines, Iowa Vol. 10 No. 40 For A B A Banking Leadership Conference M innesota, Iowa W ill Take Part in Teleconferencing Pilot Project HE A B A will broadcast its Banking Leadership Conference live via satellite to three state banker associations — Minnesota, Iowa and Virginia — February 10-12 as part of a pilot project to assess the feasibility of nationwide telecon ferencing for many future meetings. While the usual Banking Leader ship Conference of about 400 com mercial banking leaders from all over the nation is conducted in Washington, D.C., using the usual BLC format of round table discus sions, followed by table reports, then an effort made to arrive at a consensus on the problem at hand, each of the states will be tied in. The state banking leaders atten ding the local meetings will dup licate the BLC format with table discussions and will watch and hear everything that is televised from Washington. The only procedural difference will be that when it is time for the table reports from those at the conference in Washington, the three participating state associa tions will arrive at their own consen sus and just one report from each of those three participating locations will be transmitted live to the Con ference leader in Washington. Minnesota is expecting up to 75 T bankers to participate, Iowa is ex pecting approximately 60, and Virginia is expecting about 150 since that meeting is replacing one normally scheduled on those dates. There is no conference fee in Min nesota and Iowa; Virginia is charg ing the fee for its usual program scheduled. The regular state delegations who attend BLCs from Minnesota and Iowa will be in the nation’s capital for the regular conference. In Iowa, IB A President-Elect L.C. “ Bud” Pike, president of Farmers Savings Bank, Grundy Center, and IBA E x ecutive Vice President Neil Milner, will be conducting the meeting at the Hyatt Hotel in Des Moines. The 60 participating bankers will include IB A executive council members and legislative committeemen. Others invited include Jim Lipton, vice president, and Richard Berglund, executive vice president, of the Iowa Independent Bankers. Mr. Lipton is president of the Ida County State Bank in Ida Grove. Also, Tom Huston, superintendent of banking, and Howard Hall, deputy super intendent, from the Iowa depart ment of banking, and represen tatives from the N ABW Iowa group and the Iowa Trust Association. In Minnesota, the M B A has named Leslie W. Peterson, presi dent, Farmers State Bank, Trimont, as chairman of its conference at the Marriott Hotel in Bloomington. He is a past president of the M B A and has extensive experience on A B A boards and committees. M B A presi dent Bob Welle, chairman, First Na tional Bank, Bemidji, and M B A E x ecutive Vice President Truman Jef fers will also help conduct the Min neapolis conference. All other M BA delegates who normally would at tend the BLC will be in Washington for the meeting there. The 75 or more bankers from Minnesota who will take part cut across all sizes and structures of banks, Mr. Jeffers said, as well as providing geo graphical distribution from around the state. In each of the three states, there will be eight to ten persons at each round table, assembled in a crosssection of geographical distribution, as well as size and structure of bank, just as the BLC in Washington is formulated. The A B A is assuming the lion’s share of the expense in connection with this pilot program of tele conferencing. The Minnesota and Iowa Bankers Associations have budgeted up to $4,000 each to ac count for related expenses such as a dish receiver, large screen projector, A B A CONFERENCE... (Turn to page 4, please) CALL ON THE “PERFORM ANCE TEAM ” where com m on transactions are handled uncomm only well. FIRST N A T IO N A L L IN C O L N ' 13th & M Street https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Lincoln, Nebraska 68501 • Member, F.D.I.C. 2 Teamwork: One of the reasons we’re first in Iowa. cludes at 2:45 p.m., and after a question/answer period, adjournment is 3:30 p.m. The videotape presenta- # tion offers a training program ac companied by a comprehensive pro fessional training manual. * Mike Bristle Check Processing An Affiliate of Noilhwest Bancorporation Member FDic Iowa News The Iowa Bankers Association will conduct its Annual Marketing Conference February 8-10 at the Marriott Hotel in Des Moines. After the cocktail hour and dinner on Mon day, George Morvis, president of Financial Shares, Chicago, will d is c u s s “ M a r k e tin g Y our Marketing Program.” Morning speakers on Tuesday in clude Murray Raphel, who owns his own ad agency in Atlantic City, N.J., and Margie Schaefer, IBIS vice president who will discuss the ID EA annuity. A panel moderated by Neil Milner, IB A excecutive vice p r e s id e n t , w ill fe a tu r e P a t McDonald, vice president of Shearson/American Express, and Bill Od- ASK TERRY MARTIN to make MNB work for you. Toll free 1- 800 - 332-5991 Merchants ^ National Bank IS I Member F.D.I.C. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A BANKS OF IOWA’ BANK Banco Call (515) 245-3131 Or toll-free (800) 362-2514 dy, vice president Tax Planning Mutual Fund, Farm Bureau, both of Des Moines. Monday afternoon’s lineup in cludes Bruce Meriwether, president, First National, Dubuque, giving a legislative report as IB A legislative committee chairman; Ken Pennebaker, excecutive vice president, Twin City Bank, North Little Rock, Ark., reviewing “ Deregulation and New Products” ; Richard Gerdes, president of Gerdes Advertising, Des Moines, on “ Potential Research Projects” ; Tim and Becky Mills of The Mills Agency in Storm Lake on “ Knowing Your Media,” and Lou Wolter, professor of advertising at Drake University, Des Moines. The Wednesday morning pro gram features Tim and Becky Mills giving a review of ads from Tues day’s session, and ITS marketing commercial, and Steve Falken, presi dent of Dealing with Change, Sands Point, N.Y. The meeting adjourns at noon. * * * The Iowa Bankers Association has scheduled five video workshops on the new IR A provisions: Feb. 1, Des Moines, Hyatt; Feb. 2, Iowa Ci ty, Highlander Inn; Feb. 3, Clear Lake, Best Western Holiday Motor Lodge; Feb. 4, Storm Lake, Lamp lighter; Feb. 5, Council Bluffs, Fron tier Motor Lodge. Registration is at 12:30 p.m., meetings start at 1:00 p.m., videotape presentation con * * The IB A also has confirmed Feb. ^ 25-26 as the dates for its Manage ment Conference at the Inn in West Vail at Vail, Colo. A few vacancies remain of the 50 rooms reserved. ^ DECORAH: John Hess, vice presi dent and cashier, has been advanced to senior vice president; Roger Huinker, assistant cashier, has been £ advanced to cashier; Rick Burras has been named agricultural loan of ficer, and James Coplen has recently joined as trust officer at the Decorah State Bank. q DUBUQUE: Cheryl M. Christ has recently been named trust admini stration officer at the First National Bank of Dubuque. She joined the bank in 1979, serving most recently ® as trust administrative assistant. FOREST CITY: Dr. Jerald P. Jorgensen has recently been elected vice president, trust officer and a # director of Manufacturers Bank and Trust Co. He had previously been on the staff of Forest City Bank and Trust Co. for 12 years. IOW A CITY: Randy Reinhold has * been elected a personal loan officer at the First National Bank. Mr. Reinhold joined the bank in July, 1978, and earned his BBA-finance q degree from the University o f Iowa in December, 1979. M ARSHALLTOW N: Ray Schwichtenberg has recently been named manager of the Albion office for ® Fidelity Brenton Bank and Trust Company, effective May 1, accor ding to Thomas R. Smith, president. Mr. Schwichtenberg was previously IO W A NEWS... (Turn to page 4, please) * Single System Banking With Availability Availability of funds. . . availability of people. . . responsive to your needs. National Bank of Waterloo Waterloo, Iowa 50704 Member FDIC \\ m Phone Dick Jung at 1-800-772-2411. 3 Carleton D . Beh Company Investment Bankers / Financial Consultants 1300 Des Moines Building / Des Moines, Iow a 50309 5 1 5 /2 8 8 -2 1 5 2 # NEW ISSUE MOODY’S: Aa-1 $7,215,000 LINN COUNTY, IOWA General Obligation Jail Bonds Dated: February 1,1982 Denomination: $5,000 Both principal and semiannual interest (June 1 and December 1, first coupon due December 1,1982) payable at the County Treasurer’s Office, Cedar Rapids, Iowa. • IN THE OPINION OF COUNSEL THESE BONDS ARE FREE FROM PRESENT FEDERAL INCOME TAXES AND ALL PROPERTY TAXATION IN THE STATE OF IOWA. MATURITIES $290,000 11.70% June 1, 1984 $325,000 $350,000 $375,000 $400,000 $450,000 $500,000 12% June 1, June 1, June 1, June 1, June 1, June 1, $575,000 11.40% June 1, 1991 1985 1986 1987 1988 1989 1990 8.25 8.75 9.25 9.50 9.75 10.00 10.25 10.50 $650,000 10.75% June 1, 1992 10.75 $675,000 11.00% June 1, 1993 11.00 $775,000 11.25% June 1, 1994 11.25 $875,000 11.50% June 1, 1995 11.50 $975,000 9% June 1, 1996 12.00 9 LEGALITY TO BE APPROVED BY BORG AND PITT, ATTORNEYS, CHICAGO, ILLINOIS. ^ ® Linn County is located in east-central Iowa and consists of 720 square miles encompassing an economy diversified in industry and agriculture. The County has an estimated population of 169,038 persons, of which approximately 110,000 are residents of Cedar Rapids, the County seat. Within the County are located all, or portions of, 17 cities and towns, 19 townships and 14 school districts. The economy of the County is a diverse combination of manufacturing, agriculture and retail trade. There are approximately 1,690 farms where the average size farm is approximately 237 acres. Linn County, according to the 1977 U.S. Census of Manufacturing, had 225 manufacturing establishments producing road equipment, microphones, avionic items, cranes, gas-heating equipment and agricultural products. There is a total of 943 retail establishments in the Cedar Rapids SMSA, which is defined as Linn County. The largest taxpayers in the County are: Iowa Electric; Collins Division - Rockwell International; Northwestern Bell Telephone; FMC Corporation; lowa-lliinois Gas and Electric; Quaker Oats Company and Cargill Incorporated. There are a total of 18 banks and two branch banks located within the County with com bined annual deposits exceeding $851,714,000.00. £ The proceeds of the issue are to be used to construct a new Linn County Correctional Center. The Center, which will be comprised of 118 individual cells for general population and 24 cells for temporary holding in the intake section, will provide a total bed capacity for 142 in mates. The Center will be located behind the Courthouse on what is now a surface parking lot and will replace the existing jail built in 1920’ FINANCIAL STATEMENT 9 Actual Valuation, Estimated 1981-1982 Assessed Valuation, Estimated 1981-1982 Net Direct Debt, including this issue Net Direct and Overlapping Debt ® Population, 1980 estimate: 169,038 Combined Net Debt: $409.09 per capita Net Direct Debt: $ 59.99 per capita https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $2,827,405,428.00 2,827,405,428.00 10,140,000.00 69,151,469.00 A B A Leadership Conference... (Continued from page 1) phone connections, and security, if needed. A B A reports that an experienced TV production team, Future Views, Inc., has been contracted with to handle this experiemental assign ment. The Future Views personnel have attended the past two BLCs and conducted a lighting test for transmission of the forthcoming satellite transmission. The firm also will provide site technical equip ment and on-site support. A B A staff members will be on site in the three participating states for logistical and program assis tance. The entire program will be visual one-way—i.e., from Wash ington to the states—and audio both ways so the local chairman can for ward consensus reports to the Washington leader. In addition, a separate telephone line will link the local coordinators with the national GET THE COMPETITIVE EDGE over savings and loan, credit unions, etc. This “on-premise” system gives you complete inde pendence, competitive flex ibility and control. Get tighter instantaneous reporting in every phase of your operation. At the same time reduce your operating costs. A program for your every need — and more. The best banking system in the industry. I iP»* Modern Banking System s, Inc. 6818 Grover St., Omaha, Nebraska 68106 (402) 392-0151 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis coordinator. The line also may be us ed for providing answers to inquiries that come up during table discus sions. The program for each of the three pilot states calls for a reception and dinner Wednesday evening, Feb ruary 10. It is probable that an ad dress by a principal speaker, perhaps Fed Chairman Paul Volcker, will be transmitted live by phone line, but not visual by satellite. After breakfast Thursday morning, a general session commences at 8:00 a.m. and continues to 4:00 p.m. The top banking and government leaders assembled for the Washington pro gram will be brought in during that session by satellite on the large screens, along with audio-visual of the round table discussions in pro gress in Washington. There will be a second dinner Thursday night, then a breakfast and general session Friday morning that concludes at 11:00 a.m. In order not to inhibit discussions at the Banking Leadership Confer ences, the A B A policy of not admit ting the press to the conferences also will prevail at the three state conferences. However, a follow-up report will be made to assess the feasibility of the teleconferencing pilot project. □ IO W A NEWS... (Continued from page 2) Nebraska News The Nebraska Bankers Associa tion will be sponsoring a bank pres- ® idents conference to be held February 4-9, at the Canyon Hotel, Palm Springs, Calif. OM AHA: First National Bank o f ® Omaha has scheduled its 1982 Chuck Wagon Roundup for Thurs day, March 4, at the Holiday Inn Convention Center at 72nd & Grover Streets here, according to ® Don Ostrand, vice president and head of the correspondent bank divi sion. Illinois News Minnesota News ELLSW ORTH: J.B. McRobert, vice president, was promoted to senior vice president; E.L Schilling, cashier, was advanced to vice presi dent and cashier, and David E. Huisman was promoted to an assis tant cashier at Ellsworth State Bank, according to P.L. Huisman, president. GLENCOE: The First National Bank of Glencoe recently announced employed by Moorman Manufactur the promotion of Richard Peterson ing as a sales manager. to the position of vice president. He has been with the bank since 1979. ODEBOLT: Peoples State Bank has recently completed the construction MINNEAPOLIS: John Hauschild, of a new bank building at Third and executive vice president of F & M Main. Grand opening ceremonies Savings Bank, has been named chief will be held at the new building on operating officer as of January 1, ac January 31 from 2:00 to 5;00 p.m., cording to Henry S. Kingman, Jr., according to Duane Schofield, bank chairman and chief executive officer. president. The public is cordially in He will assume duties previously handled by Roger A. Severson who vited to attend. recently resigned. SALIX: An application has been filed with the state superintendent of banking by Pioneer Valley Sav ings Bank of Sergeant Bluff to open an office here. No hearing date has been scheduled. • The Illinois Bankers Association will present the 34th Annual Con sumer Credit Conference to be held February 10-11 at the Sheraton St. Louis Hotel. The two-day conference ® will touch on all dimensions of in stalment lending including the pro duct itself, operations and mark eting. The program will feature speakers from all over the United ® States. MINNEAPOLIS: Funeral services were recently held for Eugene L. Jackels, 47, senior vice president of Northwestern National Bank of St. Paul, who died recently of a heart at tack. Mr. Jackels joined North western in 1960 from the Irving Trust Co. of New York City. VINTON: The State Bank of Vinton recently held the official ribbon MORRIS: Citizens Bank recently cutting ceremony for the opening of announced the promotion of Doug its Garrison office. las Johnson, cashier, to cashier and Send your NewsToday fo the N O R TH W ESTER N B A N K E TELL US ABOUT. . . 306 Fifteenth Street DES MOINES, IOWA 50309 Staff Changes Business Campaigns Mergers, Consolidations New Departments at the Bank Remodeling or New Building BANK ............................... ,^¿...................................................... OFFICER ........................................................................ TITLE CITY https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis STATE Open Houses Anniversary Parties Deaths or Retirements Speeches Made by Bank Officers Special Announcements to the Public https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 5 F IN A N C IA L S P E C IA L IS T IN T H E T W IN C IT IE S A R E A W e’re people who can help with ag lending. Call Bruce Meyer • 612/835-4466 7625 Metro Blvd., Suite 350 • Minneapolis, MN 55435 ^ ^ ^ M A N A G E M g f T 30o o ffic e s RECRUl I khS For ag lending, data processing, overlines, and investment services . . . we’ re the people who can help. N a tio n w id e The Search and Recruiting Specialists We’ re more than western Iowa’s largest bank. We’ re people. # vice president; C.C. Denton, vice president, to vice president and manager o f Citizens Bank South; John Sivers, assistant cashier, to assistant vice president; Lois Koehntop from teller to head teller, and Jo Thomas to senior secretary. TOWER: Susan Ronkainen has been named assistant vice president, Scott Kregness has been named loan and security officer and Gary Burgess was appointed assistant cashier of State Bank of Tower, ac cording to Warren Kregness, presi dent. 0 £ W ASECA: Dean Bloemke has been promoted to vice president, respon sible for supervision of the instal ment loan department, and Gordon Oslund has been promoted to instal ment loan officer and cashier, announced the First National Bank of Waseca. ^ North Dakota News 0 MINOT: The First National Bank of Minot recently announced the pro motion of Thomas R. Stockert to senior vice president; Kenneth A. Anderson and R. Wayne Brostrom to assistant vice president; Lorraine Deck to instalment loan officer, and Steven D. Peck to agri-business loan officer. ® ® ^ ® • RUGBY: Gary E. Lloyd has recent ly been elected to succeed Claude Zweber as president and director of Rugby’s Citizens State Bank. Mr. Zweber resigned to devote full-time attention to the Bishman Company, a business he recently purchased in Osseo, Minn. Mr. Lloyd has worked in banking 11 years, most recently at Walsh County Bank and Trust Company of Grafton, which he joined in 1974. Montana News From computers to hedging infla tion is the bill of fare for the Mon tana Bankers Association 1982 Agricultural Lending Conference. # Slated for Feb. 10-12 at the Holiday in Bozeman, the conference feaDigitized Inn for FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Ken Roeder Correspondent Bank Officer 712/277-6580 SECURITY N A TIO N A L BAN K IN SIOUX CITY. IOWA. MEMBER F.D.LC. @ ^ ^ ^ tures Mike Boehjle, professor at interests. Mr. Havens was previous Iowa State University in Ames, ly serving as president and chief ex Iowa, speaking on “ Financial Issues ecutive officer of the First Wyoming of the 1980’s” and on the “ Future Bank, N.A., in Meeteetse, a position Structure of U.S. Agriculture.” The he has held since 1977. conference begins with registration on Wednesday night, the 10th, with Colorado News the registration fee $75 before BOULDER: John B. “ Skip” W ood February 1 and $100 after that date. ward has recently been appointed LIVINGSTON: Bruce A. Erickson assistant vice president in the con was recently elected to succeed his sumer loan department, First Na father Claude R. Erickson as presi tional Bank. dent of the First Security Bank, Liv ingston. Claude R. Erickson will re DENVER: Anne C. Lewis has been named director of marketing and main active as chairman. Erlene Endres has been appointed M ISSOULA: First Bank (N.A.) training officer at University Na Southside Missoula recently an tional Bank, according to Charles L. nounced the promotion of R.E. Ferguson, president and chairman. Bodin to senior vice president, G.E. Nygaard to vice president and J.R. DENVER: Dr. Henry A. Kissinger “ Rick” Scanlan to assistant vice will be the featured speaker at a lun president in the commercial loan cheon sponsored by Metro National departm ent, and M ichael W . Bank for members of the business Johnson to instalment loan officer community January 28 at the new and assistant manager of the time- Denver Marriott H otel - City pay department. Center. Dr. Kissinger will be discussing comtemporary interna tional affairs. Wyoming News CHEYENNE: James L. Hunnicutt has recently been named president of the W yoming State Bank, accor ding to B.R. Weber, chairman. Mr. Hunnicutt has been serving as ex ecutive vice president. PUEBLO: Alva B. Adams, chair man of Pueblo Bank & Trust Com pany, died recently at a Denver hospital where he was undergoing treatment for a heart condition. SHERIDAN: Gary J. Havens has been elected president and chief ex ecutive officer of the First Wyoming Bank, N.A., announced Faires Bar nett, chairman. Mr. Havens suc ceeds Everett J. Cassidy, who resigned to pursue private business Estate Appraisals What does you employees’ appear ance tell your customers about your bank? “We want to please you” or “We don’t really care?” Call us for the look of “ Service” and “ Success.” JIhAj/uxk'iK CAREERAPPAREL N. Main S t„ Carroll, Ia„ 51401 712-792-2748 | Purchase of Collections Sale o f Rare Coins Reliable and respected service for over 20 years Used by bankers throughout the midwest Ben E . Marlenee Coins 913 Locust D es M oines, Iowa 50309 515-243-8064 P A R T IA L LIS T OF A V A IL A B L E A P P LIC A N TS POSITIONS A V A IL A B L E Office Manager for southern Iowa bank. Ag background helpful....................................................... Salary $22,000 Operations officer for Wyoming bank in growing area.. . . ...........................................................................Salary $20,000 AG Lender for western Iowa bank...............Salary $24,000 Cashier for south central Nebraska bank. Located near major city...............................................................$18,000 Insurance Agent for community bank in good midwestern town..................................... ...................... Salary open. Number Two person for central Iowa community bank. Must be generalist with solid operations background....... .................................................................... Salary $28,000 Ag Position open in North Dakota community near major city.............................................................Salary $18,000 CEO - Seasoned and educated professional in the world of banking. Actively involved in banking, legal, insurance, and real estate associations. BA in Political Science and Government. Currently responsible for 3.5 mm department within bank of 44. mm. Level headed in the commercial loan area. $30K. #2 MANAGEMENT ■Banking career man, backed with BA in Finance, looking for executive position in management. Responsibilities include; all operational functions, finan cial reporting, investments, trust, audit, data processing, loans and personnel. Experienced in all phases of bank ing. Will easily make a key member of your top-echelon management team. $35K. FOR FURTHER INFORMATION RESPOND IN CONFIDENCE TO: Commercial Lenders for Florida banks......... Salary open. Write or call Malcolm Freeland, Freeland Financial Ser vice, Inc., 246 Insurance Exchange Bldg., Des Moines, Iowa 50309. Phone 515/282-6462. Employer pays fee. POSITION AVAILABLE Mosler Model FSW 1848 walk up teller unit. Never been used. Available immediately. First National Bank, Minden, Nebraska 68959. Phone 308-832-2030. (FS) Brandt Coin sorter and counter. Model 930. Electronic readout; excellent condition. Reasonably priced. Phone (319)588-2700. (FS) POSITION WANTED Aggressive highly-qualified ag lender desires position with $50MM + growth-oriented commercial bank, preferably in Iowa or Illin o is . A ssistant vice president—3% years experience, heavy in ag production with some agri-business lending, and medium-sized bank. Excellent references available. Write file PBG, c/o North western Banker. (PW) B A N K E R S A V A IL A B L E If you are seeking a qualified officer for your bank, we have the top applicants in the midwest. Listed below are a few of our current applicants: CEOs with heavy ag lending exp.........................to $50,000 Commercial Lenders.......................................... to $32,000 Ag Lenders......................................................... to $25,000 Generalists (Operations/Lending)....................... to $36,000 Operatlons/Cashiers........................................... to $28,000 Installment Lenders...........................................to$25,000 Trust Officers......................................................to $30,000 Write or call Malcolm Freeland, Freeland Financial Ser vice, Inc., 246 Insurance Exchange Bldg., Des Moines, Iowa 50309. 515/282-6462. Describe your needs, and we will assist you. Employer pays reasonable fee. LOAN OFFICER—$11 MM central Illinois bank. Entails some operations duties. Prefer some banking experience. Good career opportunity. Send resume and salary re quirements to L.J. Nelson, Executive Vice President, Drawer G, St. Joseph, Illinois 61873. (PA) Financial management officer position available in Eastern Iowa community (Bank assets of $66 million). Must have 3-5 years banking experience in administering accounting systems and financial planning. Computer and investment analysis also required. Send resume to file PBB, c/o Northwestern Banker. (PA) “ A very aggressive bank with strong growth record has a position open for an officer to assume responsibility for the marketing activities of our bank. Opportunities available to assist in the supervision of bank operations. Experience in bank marketing desirable. Looking for in dividual with leadership abilities. Complete job descrip tion and details available. Inquiries will be held confiden tial.” Write file PBE, c/o Northwestern Banker. (PA) “ Position open for individuano head audit department in $55 Million N.W. Minnesota bank. Experience in bank audit or accounting required. Excellent opportunity for ag gressive person. Complete details available. Inquiries will be held confidential. Write file PBF, c/o Northwestern Banker. (PA) Immediate opening for commercial lender in aggressive $90 million Minneapolis area bank. Position requires 3 years commercial lending experience. Salary commen surate with experience. Send resume and salary re quirements to File PBH, c/o Northwestern Banker. (PA) Major western Montana bank has immediate opening for a commercial lending officer. Must have minimum of 3 years commercial loan experience, strong credit analysis background, and be motivated to develop profitable business. Salary dependent on experience. Contact; Kevin Winter, First National Montana Bank, Drawer B, Missoula, MT 59806. Phone (406) 721 -4200. (PA) SENIOR LOAN OFFICER—Experience in ag lending ($50 million bank) in community of 8,000 population in northern Iowa. Salary open. Write file OBS, c/o Northwestern Bank er. (PA) LOAN OFFICER—Experience in installment, agriculture, and commercial lending for this growing $18 million south central Nebraska bank. Some trust experience would be helpful. Salary open. Write file OBN, c/o Northwestern Banker. (PA) OPERATIONS OFFICER in newly organized western ND bank. Experience required. Salary based on experience and qualifications. Send complete resume with references to Box 787, Newtown, ND 58763. (PA) B A N K IN G PLA CE M EN TS “ Successful Banking is Quality Personnel” Eighteen years banking experience serving as president of rural and metropolitan banks enables me to find the “ right” banking position for you as a banker or the “ right” officer for your bank. (M l (III ROBERT HALF of Iowa, Inc. 317 6th Ave. Des Moines, IA 50309 (515) 244-4414 ® A L L FEE S C O M PAN Y PAID □ □ I would like to sell my majority bank stock. I would like to buy ma jority bank stock. Please Contact; J. Mason Henry Charles E. Walters Co., Inc. 39 Ginger Woods Road, Valley, Nebraska 68064 Phone: (402)553-6400 SKI TH E S U M M IT !!! New, th re e -b e d ro o m , th re e -b a th u n its available fo r sale or rent. Each u n it has its own redwood hot tub on the deck. C ontact: Dwayne Smith Paradise Properties, P.O. Box S D illon, C olorado 80435 Phone: 303/468-5846 or Ann Marie Phone: 303/468-2740 CEO Twenty-five million dollar high performance bank in south central Minnesota. Want an aggressive Individual who would like to purchase 25% owner ship. Excellent agricultural area. Send resume and financial history to file PBD, c/o Northwestern Banker. (PA) POSITIONS A V A IL A B L E TRUST OFFICER—requires trust generalist with good business development skills. Head dept, for $80MM subur ban bank. $28,000 CASHIER—small city bank needs excellent operations of ficer to join new management team. Should have ex perience with in-house mini computer systems. $25,000 COMMERCIAL LENDER—ideal situation for lender with 2 yrs. or more commercial experience. Would be #2 In dept, with room for advancement. $24,000 OPERATIONS OFFICER—$20MM bank located within 50 miles of major metro area. Minimum 4 yrs. solid opera tions experience in medium size bank. $25,000 SENIOR COMMERCIAL LOAN—urban $100MM bank with aggressive new business program. Promotion to Exec. VP. possible within 12 months. Degree preferred. $$Open CORRESPONDENT OFFICER—excellent opportunity for junior officer with agriloan expertise and degree. Must have some correspondent calling experience. $25,000 STAFF AUDITOR—requires accounting degree and some bank audit experience. Position is used as training area, for future advancement. $16,000l To Inquire, submit resume'and salary information. TOM H A G A N & A S SO C IA T E S of Kansas City 901 A. West Jackson* Ozark, Missouri 65721 417/485-6020 COMPLETELY CONFIDENTIAL _________ “ Employment Service” P.O. Box 12346, 2024 Swift North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry Since 1970” Vol. 10 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, $15.00 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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