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P • January 25,1988 Des Moines, lowa Vol. 16 No. 41 FDIC Clarifies Appraisal Guidelines ^ m 0 £ # # • • I I I H EN federal interagency W guidelines regarding bank policy on real estate appraisals were adopted in mid-December several concerns were raised by bankers. Refleeting those concerns, state banker associations contacted regional of fices of the FDIC and Comptroller. The Nebraska Bankers Association stated in its letter: “Many, many small communities find themselves without a qualified licensed appraiser, and your ruling will force the banker to go to a foreign community for an appraiser who knows far less about local real estate values than the bankers who, in most cases, have lived in the com munity, held real estate brokers’ or salesman’s licenses, and are much better prepared to place an honest value on local real estate.’’ Responding to those concerns, Charles E. Thacker, regional direc tor of the Kansas City Region, which encompasses Iowa and Neb raska and other midwest states, re assured the state associations with “a discussion of the intent of the guidelines and how they will be used by our field exam iners.” Mr. Thacker added, “ I hope this addi tional information will alleviate the concerns voiced by a significant seg ment of the industry.” Mr. Thacker issued these “Guide lines for Real Estate Appraised Poli cies and Review Procedures”: '----------- ■nr # §11%.'*, _________ (B g + Since the issuance on December 14, 1987 of the Guidelines for Real Estate Appraisal Policies and Re view Procedures a number of ques tions have arisen over what is meant by the statement that appraisals should be performed by a qualified independent staff or fee-paid ap praiser. Many of the bank responses received have interpreted the word independent to mean that the bank ing agencies are now requiring out side appraisers. This is not the case. The guidelines do not require insti tutions to use outside appraisers but recognize th at many banks do, in fact, perform their own in-house ap praisals. In these situations, the guidelines recommend that that ap praiser (bank employee) be indepen dent of the loan and collection func tions of the bank and have no inter est, financial or otherwise, in the property. (See page 1 of the guide lines.) In small banks where the only qualified individual to perform ap praisals is a loan officer, and sepa rating this person from the loan and collection departments is not practi cal or possible, we have recom mended that this individual perform appraisal work on loans in which he or she is not otherwise involved. Another alternative in this situation would be, for example, to have loan officer A perform appraisal work on loan officer B’s loans and vice versa. This assumes, of course, that both loan officers are qualified to perform appraisals on the properties in ques tion. However, to the extent th at a bank can achieve independence in the appraisal process, it is recog nized as a sound lending practice and one in which potential conflicts can be avoided. Another area where there appears to be some confusion is what is meant by the words “qualified ap praiser.” Contrary to a number of bank comments received, the Divi sion does not interpret the word “qualified” to mean an individual who has attained certain profes sional designations such as MAI (Member, American Institute of Real Estate Appraisers) or SREA (Society of Real Estate Appraisers) but simply an individual who is able to provide a good quality appraisal on the subject property. In short, socalled “certified” appraisers are not a requirement in the guidelines. Examiners will review a bank’s appraisal policies and underwriting procedures in conjunction with an examination of the bank’s loan de partment. The degree of formality of a bank’s appraisal program will be dependent, in part, on its size, loca tion and the makeup of its loan port folio. Generally, the program should include acc e p tab le s ta n d a rd s regarding appraiser qualifications and independence; ensure that ade quate appraisals are obtained, and that proper appraisal procedures are Together We Can Accomplish Great Things Call D ennis Earhart, MNB Correspondent Banker 319-398-4789 or Toll Free 1-800-332-5991 — \ Strength of \ Eastern J |owa _ T Merchants National Bank in The • :. mm https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Cedar Rapids, lowa 52401 Member F D i C A BANKS OF IOWA BANK To: Bank President... • Are your salaries competitive? • Does your pay plan motivate? Call us regarding our progressive approach to bank compensa tion. David L. Hansen, CCP g\ HAMILTON followed. This should include a pro cess for reviewing new appraisal re ports for adequacy and for ordering reappraisals when needed. Exceptions discovered will be dis cussed with bank management dur ing the examination, corrective ac tion sought and indicated in the ex amination report as appropriate. □ ABA Banking Leadership Conference, Feb. 24-26 The next ABA Banking Leader ship Conference has been moved up one week to February 24-26 to coin cide with members of Congress be ing in the capital city. Iowa News Iowa Bankers Insurance and Ser vices, Inc. will sponsor a Credit Life & Disability Licensing School on February 8-9 at the Howard John son Hotel Convention Center in Des Moines. School hours are 9:00 to 5:00 on the 8th and 8:00 to 5:00 on the 9th. Fee is $50 for bankers and $65 for non-bankers, and includes a Licensing Information Bulletin, study materials, two days of instruc tion, lunch and refreshments both days. An Iowa Agents’ Study Manual is not included. You are reminded to register for the school and send your application to the testing institute in Pennsylvania as soon as possible. Advance study as signments will be sent upon receipt of your registration. For more infor mation, contact Heidi McCubbin at IBIS, (800) 532-1423 or (515) 2864395. AREDALE: The Aredale State Bank was declared insolvent Janu ary 20 by Iowa Superintendent of Banking Edward Tubbs and the $10,178,000 asset institution was turned over to the FDIC as receiver. FDIC had several interested parties, two bids and sold the bank for a $50,600 premium to First Security Bank & Trust Company of Charles City, which re-opened it January 21 as an office of First Security. Listed as owners of the failed bank and its holding company were Vernon Halvorson and Donald Eichelberger, Cedar Falls businessmen who each owned 50% of the holding company stock. First Security assumed $9.9 million in deposits. Mr. Tubbs attri buted the failure to a combination of insider loans and poor selection and collection of ag loans. The bank was examined by state examiners last September, when a major loss was identified, and again in late Decem ber by the FDIC. At that time the bank’s remaining $455,000 capital was exhausted and after review of that report, the superintendent closed the bank. First Security has $107.6 million assets, with addi tional offices in Ionia, Marble Rock and Rockford, the latter resulting from assumption of the First State Bank which failed last spring. CLARENCE: Tom Jepson has been named president of the Community For Professional Correspondent Service Call 1-800-622-7262 V / ASSOCIATES 100 Court Ave., Suite 306 Des Moines, Iowa 50309 ___________ 515/282-0221____________ State Bank. He succeeds Robert Bunn, who will be chairman of the executive committee and invest ment and trust officer for the bank. David Zeigler was named senior vice president and Paul Chapman, Sr. was re-elected chairman. Mr. Jepson previously served as executive vice president of the bank, and Mr. Zeig ler was vice president. ELDORA: At Hardin County Sav ings Bank, three officers have been promoted to vice presidents. Former Assistant Vice President Linda J. Barcus will retain her duties as trust officer. Carol A. Drury was also pro moted from a.v.p. Donna Lawler was promoted from assistant cash ier. NEW ALBIN: Albert Fruechte, 82, has been named chairman of the board at New Albin Savings Bank, replacing Paul Meyer, who resigned that post in November due to poor health. Succeeding Mr. Fruechte as president is Raymond J. Whalen, ex ecutive vice president, who began with the bank 23 years ago. Nebraska News OMAHA: Dale Heimann, president of Douglas County Bank & Trust Co. since 1979, has resigned from that position to pursue other busi ness interests. Deryl Hamann, cur rently chairman of the executive committee, will assume the position of chief executive officer. He is an a t torney with the Baird, Holm law firm and chairman of four other banks. A search is being conducted for a new president. Serving bankers quietly and efficiently. There Jte A Difference In Banks... Valley National Bank in Main Office - Sixth and Walnut D E S M OINES, IOW A 50304 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A BAN KS O F IOWA BANK Member FDIC A -.* JAM ES F. MacLEAN Vice President i H. 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In the nine states we serve we have solved the bonding needs for 6 of every 10 banks. That's over 1 6 .4 % of all banks in the United States # THE REASONS. . . 0 SUPERIOR SERVICE MOST COMPETITIVE PREMIUMS REALISTIC UNDERWRITING PROMPT CLAIMS SERVICE IF YOU’RE NOT GETTING THE SAME FROM YOUR BONDING COMPANY... GIVE US A CALL - YOU’LL BE GLAD YOU DID. THE KANSAS BANKERS SURETY COMPANY DONALD M. TOWLE President DAVID E. ABENDROTH Senior Vice President 611 Kansas Avenue P.O. Box 1654 Topeka, Kansas 66601 Phone 1-913-234-2631 FINANCIAL INSTITUTION BONDS, SAFE DEPOSITORY LIABILITY, CHECKS KITING FRAUD INDEMNIFICATION, DIRECTORS AND OFFICERS LEGAL DEFENSE AND LIMITED INDEMNITY POLICIES https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Serving the Heartland of America since 1909 OVER 60% OFALL BANKSINOURMARKETAREAARENOWINSURED « BY THE KANSAS BANKERS SURETY COMPANY That’s Right. . . In the nine states we serve we have solved the bonding needs for 6 of every 10 banks. That's over 16 .4 % of all banks in the United States THE REASONS. . . SUPERIOR SERVICE MOST COMPETITIVE PREMIUMS REALISTIC UNDERWRITING PROMPT CLAIMS SERVICE I IF YOU’RE NOT GETTING THE SAME FROM YOUR BONDING COMPANY... GIVE US A CALL - YOU’LL BE GLAD YOU DID. THE KANSAS BANKERS SURETY COMPANY DONALD M. TOWLE President DAVID E. ABENDROTH Senior Vice President 611 Kansas Avenue P.O. Box 1654 Topeka, Kansas 66601 Phone 1-913-234-2631 FINANCIAL INSTITUTION BONDS, SAFE DEPOSITORY LIABILITY, CHECKS KITING FRAUD INDEMNIFICATION, DIRECTORS AND OFFICERS LEGAL DEFENSE AND LIMITED INDEMNITY POLICIES https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Serving the Heartland of America since 1909 MID-MARKET COMMERCIAL LENDER, B .A . Are you looking for a seasoned mid-market lender with exceptional business development skills? With 6 + years commercial lending experience this analytical technician can hit the street running. An excellent choice for senior lender with a community bank. BB1887 Asking: Mid $30 Range INVESTMENT MANAGER, B .A . Is it time to add a dynamic investment manager to your banking staff? This proven performer has been a broker for the past two years and prior to that, successfully managed a sales staff of six with a mid-sized insurance com pany. Has a series 7 and 63 and an insurance license. Would like to relocate to the Twin Cities metro area. BB1888 Asking: High $20 Range OPERATIONS MANAGER This profit-minded individual has excellent leadership abilities and problem-solving capabilities. This take charge banker has 3 + years experience managing the entire operations function, including the teller line, new accounts staff, call reports and investment functions. A great work ethic with the ability to inspire others. BB1889 Earns: $25K BRANCH MANAGER, B .S. ^ * Do you need a branch manager who can keep your staff motivated? This ambitious leader has excellent super visory skills. Currently responsible for managing the consumer loan department of a $30MM bank. Has great business development skills. Ready for a new challenge. BB18810 Asking; Mid $20 Range LOAN REVIEW, B .A . This bright examiner has excellent written communication skills coupled with top technical ability. 2 + years ex amination experience assessing regulation compliance and credit quality. Enjoys travel and wants to relocate to the Twin Cities. Perfect fit as an internal bank holding company examiner. BB18811 Asking: Mid $20 Range Paul Gentzkow Placem ent Manager The Banking Division Robert Half o f Minnesota, Inc. 3636 IDS Center, Minneapolis, MN 55402 T https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis (612) 3Î9-9001 Some special candidatesfrom Robert HalfsBankingDivision AG LENDER, B .S. Do you need a hard driving ag lender who communicates effectively with your clientele? This self-motivated * banker is currently servicing a $4MM loan portfolio with a $66MM bank. Ready for new challenges and will make sacrifices to get results! Prefers Southern Minnesota. BB1881 Earns: $28K # FINANCIAL ACCOUNTANT, B .S. This highly analytical professional will challenge the status quo. Has 2 + years Big 8 audit experience with exten sive banking client exposure. A driven candidate that w on’t let you down! BB1882 Asking: Mid $30 Range COMMERCIAL LENDER, MBA Have you been seeking an action oriented commercial lender? This enthusiastic banker is currently handling an $8MM loan portfolio in a small bank and is ready to tackle more! This applicant performs well under pressure and would be an excellent addition to your lending staff! SB1883 Earns: $36K SENIOR LENDER, B .S. Heres a top performer who understands the importance of community involvement! This bold and accomplished • leader has 5 + years banking experience and is currently supervising a $53MM loan portfolio. Has expertise in people-handling skills. BB1884 Asking: Low $50 Range ^ CONSUMER LOAN MANAGER This tough-minded banker is ready to manage your consumer loan department. This high energy person has ® 10 + years banking experience and is currently managing a consumer/real estate portfolio of $29MM. Has heavy involvement with indirect dealer paper. A proven professional! BB1885 Earns: $37K # PRESIDENT AGRICULTURE BANK, B .S. Do you need an executive who will follow a job through to completion? This diligent banker has 12 + years e x - ^ J perience and is currently EVP of a $35MM bank. This candidate has proven ability with excellent work out ex perience and accepts responsibility. Ready for a new challenge! BB1886 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Earns: $42K • 3 F irs T ie r More of what it takes to serve you well. Correspondent Services is =5? III¡¡¡I|§| ^ ^5 FirsTie r B anks Lincoln • Omaha FirsTier Bank, N.A., Lincoln and FirsTier Bank, N.A., Omaha, Members FDIC Capital improvement plans and other management services Illinois News CHICAGO: Exchange International _ Corporation, parent company of the ™ $2.1 billion Exchange National Bank of Chicago, has announced it will be opening The Exchange Bank of DuPage in Oak Brook. The bank ^ is scheduled to open in March or w April. President of the bank will be Lawrence B. Bloom, who is current ly a senior vice president and com mercial banking division head at ^ The Exchange National Bank. He has over 20 years of banking experi ence and has been with The Ex change since 1981. The bank will open with nine business develop£ ment employees and customer ser vice employees, including three com^ n e rc ia l lending officers. ^ J I h ICAGO: Teamsters Local 705 ’ has completed an agreement to purP chase a 14 percent interest in Amal gamated Trust & Savings Bank. The purchase price was not disclosed. According to Amalgamated General Counsel Peter Monahan, the pur chase involved stock previously held by Dr. Martin L. Gecht, who will be retiring soon as chairman of the bank’s executive committee. The Wyoming Bankers Associa tion will present a Compliance Seminar on January 28 from 9:00 a.m. to 5:00 p.m. Topics to be ad dressed include backup withholding, truth in lending update and home equity, funds availability, bank bri bery guidelines and 1RS information reporting rules. Cost is $110 for first SERVING TH E UPPER M ID W E ST R egency RECRUITERS, INC. 1102 Grand Avenue, Kansas City, MO 64106 816/842-3860 Evans Digitized for Diane FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis S W O R D S A S S O C IA T E S . IN C . P R O F E S S IO N A L B A N K IN G C O N S U L T A N T S 4900 OAK S U ITE 301 KANSAS CITY , MO 64112 (816) 753-7440 registrant and $90 for each addition WBA; Bryan Koontz, WBA execu tive director; Richard Galecki, al. Contact the WBA to register. Wisconsin Commissioner of Bank * * * ing; Gary Macomber, attorney, and The WBA Credit Conference will Steven L. Polacek, audit manager be held February 11 and 12 in Cas for Arthur Andersen & Co. Lun per. Excellent speakers are planned cheon speaker will be Jim Klobuchar to address topics including lender of the Minneapolis Star Tribune. liability, accounts receivable, identi Saturday evening a reception will fying future trends in retail banking, be held at 5:30 followed by the ban performance planning, investment quet at 7:00. Entertainment will be s tra te g ie s and a s s e t/lia b ility provided by The Steve Grimm and management. For more information, Colleen Raye Show. contact the WBA office. Fees are as follows: advance registration—-$17, at the door—$20, Wisconsin News non-member’s registration—$23, Group One of the Wisconsin spouses’ tour of St. Paul—$12, lun Bankers Association will hold its cheon—$12, banquet—$25. To regis 84th Annual Meeting on February ter, contact Philip G. Betzel at First 12 and 13 at the Minneapolis Mar National Bank of River Falls. riott City Center. On Friday regi stration opens at 3:00 p.m. and an evening get-together featuring danc ing with The Edsels will be held from 9:00 to 12:30. Saturday begins with breakfast at 8:00. Morning speakers include Richard P. Klug, chairman of the BANKING CAREER quality service by experienced professionals * E state A ppraisals P u rch a se o f C ollection s Sale o f R are C oins Reliable and respected service for over 20 years Used by bankers throughout the midwest Ben E . Marlenee Coins 913 Locust Des Moines, Iowa 50309 515-243-8064 BANKERS AVAILABLE OPERATIONS Over 5 yrs. in same bank. Now head of operations, also assists with loans & ins. Reference states; “ Does excellent Job...very hard worker & responsible, gets in volved in community, good family man, and VERY per sonable. ISU grad, IA School of Banking, etc. $28,000. AG LOAN OFFICER Two yrs in $100mm + bank, working with all facets of ag lending. References say, “One of the best...lots of drive, really knows ag credit.” Strong computer & documentation skills. B.A. Business, Ames Ag Credit School. $20,000. JEAN EDEN SANDI GARNER 525 Merle Hay Tower Des Moines, Iowa 50310 515-276-1151 4 POSITION AVAILABLE PRES/CEO $24MM Independent Bank located in a very de sirable area. Looking for self confident, analytical, com munity minded individual that can project a professional image. Send resume to File No. WMB c/o Northwestern Banker.(PA) AG LOAN OFFICER. $17MM Illinois bank seeks young FLB/PCA trained individual, 2-5 yrs. experience desired, able to relocate promptly with minimal inconvenience, who is desirous of a banking career. Sound personal back ground desired. Salary commensurate with experience. Send resume to: Jan LaDue, V.P., State Bank of Sherrard, Box 455, Sherrard, IL 61281. (PA) CUSTOM ER SERVICE REPRESENTATIVE. Requires 4 yr. degree (business related), 2 yrs. banking experience, ex ceptional communication skills & be willing to travel. Salary base at $15K. Send resumes c/o Colleen Doyle, Per sonnel Specialist. Banks of IA Computer Svcs., 4333 Edgewood Rd. N.E., Cedar Rapids, IA 52406. (PA) IN STALLM ENT LOAN OFFICER. $15MM bank. Rural South Dakota community. Requires 1-2 yrs. Installment lending experience. Send resume to File No. WMN c/o Northwestern Banker. (PA) VP— $18mm bank located in a rural suburban community near Mpls. looking for an individual with commercial & real estate loan & operations exp. Excellent opportunity. All replies kept confidential. Contact Clinton D. Kurtz or send resume to: Citizens State Bank, Box 98, Norwood, MN 55368. (612) 467-3000. (PA) POSITION WANTED 25 YEARS of experience with solid background as opera tions and administration officer handling investments, discount brokerage, excess funds, some marketing. Skilled executive secretary handling all details for bank board and holding company. Contact File No. W MO c/o Northwestern Banker. (PW) FOR SALE PORTABLE BANK BUILDING. 14’ x 65’ with Mosler vault & drive-up equipment miscellaneous other equipment. Contact Wilton Savings Bank, Wilton, IA (319) 732-2077. (FS) + 2 NCR 1780 ATM s. Best offer. Contact First Interstate Bank of Cresco. (319)547-2244. (FS) CO M PLETE NCR IN-HOUSE SYSTEM — One 9300 Processor (7 communications). One 6530 Disk Drive Unit (81 megabytes fixed & removable storage). One 6420 600LPM Printer & Band. One 6441 Printer (70LPM). 6CRT’s, Cables etc.„Call (402) 792-2411.______________ (FS) P O S ITIO N S A V A IL A B L E PRESIDENT— $40mm bank looking for seasoned professional with solid operations and lending background. Must possess excellent interpersonal skills for training and development....................... .......................... To $70,000. 9 .t CA SHIER/CONTROLLER— Expanding financial group needs a capable professional with 10-12 years experience in banking or combination of banking and public a c c o u n tu fj^ ing.............................................................................. To $ 4 O ,O (X ^ ^ 0 EXECUTIVE VICE PRESIDENT— Recent promotion h a ^ ^ created an opening for an experienced lender with both Ag and Operations background. Nice rural community close to metro area....................................................... To $40,000 + Financial Careers, Inc. Two Ruan Center/Sulte 1000, Das Moines, IA 50309 515/245-3786 0 Em ployer pays fee. Please contact Lorraine Lear or Malcolm Freeland con cerning these and other Midwest banking opportunities. PRES/CEO FOR SALE RECONDITIONED BRANDT Coin Sorters-Counters BRANDT Currency Counters New Warranty 402-571-5577 Looking for qualified individual with broad base of lending & operations experience for the Hawkeye State Bank, Iowa City, IA. Salary range of $40-$60K de pending on education & experience. Interested parties should send resume on a confidential basis to: Donald E. Holder Holder and Associates 405 Main Ames, Iowa 50010 or call (515) 232-0814. RYAN AUCTION CO., INC. Decorah, Iowa 52101 Farm Equipment Specialist Appraisals & Auctions Call Dale Ryan 319-382-8648 INSURANCE Insurance and lending. Minn. bank. Excellent poten tial! $25-$35,000. CEO N. Iowa bank. Ownership potential. Good town. $40-$50,000. CONTROLLER Seek person with bank controller and operations ex perience. N. III. $30-$40,000. AGRIcareers, Inc. BANKERS AVAILABLE T.O . Look to a leader! Are you a 2-3 year trust person looking to get ahead? Great Bonus. $35K + + . Fast growing $60M + w/strong C F exp. AG L.O. bank seeks 5 year ag lender $28K. PRESIDENT Camel #1 rated bank needs senior off. w/good people skills and ag loan bkgd. $45K. AG LENDER Progressive ag bank seeks farm credit lender w/1-3 years of exp for eastern Iowa spot, near Metro area! $22K. COMM’L L.O. Metro bank. Must have credit analysis skills, formal train ing and 2 + years of exp. $32K. BR. MGR. Are you ready to move to the top? Fast growing ag bank seeks 5-6 year banking professional who has strong opera tions knowledge and marketing skills. Will play leadership role in commty. Great benefits. $38K. FOR FURTHER INFORMATION CONTACT KURT ROSENCRANTS R O B E R T IW IL F O F IO W a .M C . 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 ALL FE E S C O M P A N Y PAID Marty 712/779-3567 Massena, IA 50853 Annette 515/394-5827 New Hampton, IA 50659 CHOOLER In ASSOCIATES "Successful Banking is Quality Personnel" POSITIONS AVAILABLE PRESIDENT, $35-40mm ag bank, leading county town.................................................................. $50,000. PRESIDENT, $25-30mm commercial & consumer bank, top rating........................................$45-$50,000. POSITIONS AVAILABLE SENIOR LENDER— Are you both a good loan administrator and business developer? Due to growth, a medium sized Twin Cities metro bank has an opening for a senior com’l lender. Must have 7 + yrs com’l lending exp, strong selling skills and formal bank training. A great opportunity to join a rapidly growing organization. To$50K. Job #NW2761 9 COMMERCIAL LENDER— Are you itching for a new opty? A rapidly growing bank in Western Wisconsin seeks a sea soned com’l lender with 3 + yrs exp. Desire strong selling skills and a degree. A great opty you shouldn’t pass u p !^ To $40K. Job #NW276fl TR U ST M ANAGER— Does constant reorganization and new direction have you worried? How does a stable envi ronment sound? A $55mm bank located in a key Midwest city seeks a trust manager with 4 + yrs exp. Must be sales motivated and have knowledge of employee benefit pro grams. A job where your efforts will be appreciated! To$30K. Job #NW2763 . A ^ FOR MORE INFORM ATION C O N TA C T PAUL GENTZKOW OR JA N PETERS 3636 IDS Center Minneapolis, MN 55402 (612) 339-9001 A LL FE E S C O M P A N Y PAID 0 POSITIONS AVAILABLE TR U S T MARKETING •large urban bank. Requires degree and trust experience. $35K PRESIDENT, trade territory, high profile type bank, sophisticated market area.....................Open. REAL ESTA TE LOAN - single family residential and secon dary market experience required. Proximity of major metro 0 area. $40K RESIDENTIAL REAL E S TA TE HEAD, excellent bank, top management. ....................$30-$45,000. LOAN REVIEW - large bank experienced required. Both junior and senior level positions available. $28-$40K AG LENDER, college town, $5mm diversified port folio............................................................$25-$30,000. COMMERCIAL LENDING - V.P. positions in urban and large suburban banks. Personal portfolios from $20MM to $50MM. $40 K AG LENDER, top location, high profile bank. .................................................................. $25-$35,000. CASHIER, $100mm, top earning clean bank, top county town..............................................$35-$45,000. ASSET/LIABILITY, Budget, Strategic Planner Operations type, top county town. . . . $30-$35,000. DON W. SCHOOLER 2508 East Meadow Springfield, Missouri 65804 (417) 882-2265 BRANCH MANAGER - handle small business and con- 0 sumer credits. Med-size community affiliate of multibank holding company. $24K Additional listings for commercial lending and trust officers. Resume’ requested. TOM HAGAN & ASSOCIATES P.O. Box 12346/2024 Swift North Kansas City, MO 64116 816/474-6874 “Serving the Banking Industry Since 1970” Vol. 16 No. 41 Northwestern Banker Newsletter (USPS 873-300) is published weekly by the Northwestern Banker Company, 1535 Linden Street, Suite 201, Des Moines, Iowa 50309, (515) 244-8163. Subscriptions $1.00 per copy, $24.00 per year. Second class postage paid at Des Moines, Iowa. Address all mail subscriptions, changes of address (Form 3579), manuscripts to Northwestern Banker, 1535 Linden https://fraser.stlouisfed.org St., #201, Des Moines, Iowa 50309. Federal Reserve Bank of St. Louis 0
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