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A B A Forms Future Issues Task Force stituencies and/or our industry as a whole, as w ell as their thinking on how developm ents in technology and a whole host o f areas w ill be changing our environm ent,” M r. Rideout said. The group’s mission is to antici pate em erging concerns, both actual and potential, so that A B A and the banking industry can focus their re sources to best effect. For example, if the industry could have antici pated years ago the extent to which J ° r C ®’ t0 T.P. RIDEOUT secu ritization w ould even tu a lly h ea d e d by Thomas P. Rideout, senior vice grow, then banking m ight have been president and director o f govern able to turn that trend to advantage, mental affairs, F irst Union Corp., M r. Rideout noted. “ W e want to get a bottom-up Charlotte, N.C., is charged w ith helping A B A and the banking in view from the experts, and then we dustry to id en tify em erging issues want our report to flow back down through A B A as a resource tool ini and concerns. M r. Rideout said the 11-member tia lly for A B A and later, if it proves task force is looking “ not only at the appropriate, for the industry,” said em erging issues but also at our fu the task force chairman. M r. Rideout said the task force is ture operating environm ent three to not intended to supplant any exist five years down the road.” The task force members and a ing area in A B A , but rather w ill wide range o f banking leaders w ill work closely w ith existin g com m it contribute their best thinking and tees and councils. Serving on the task force w ith M r. best-inform ed estim ates o f trends in their specialty areas and their expec Rideout are Hans H . Angerm ueller, tations regarding the future operat vice chairman, Citibank, N ew York; T. Charles Bruere, president and ing environment, he said. “ W e’re asking the leadership o f chief executive officer, F irst State many A B A areas — from agricul- Bank, St. Charles, M o.; Charles D. ture to state associations — to give Brummel Sr., president, Security us their view s on em erging issues Bank, Coos Bay, Ore.; Glenn Y . that affect their own particular con Forney, president and chief admin ^ A Future Issues Task Force has ^ A V been appointed b y President M ark W . Olson o f the Am erican B S P * Bankers A sso- ■EL/'* B L jfli ^ ciation, who also w is president o f S ecu rity S tate B an k, F e rg u s Falls, Minn. 0 M r. O ls o n said th e task 0 0 0 # # J an u ary 2 6 ,1 9 8 7 D es M o in e s , Io w a V o l. 15 N o . 41 istrative officer, U nited Penn Bank, W ilkes Barre, Penn.; Charles W . M c Coy, chairman, Louisiana N ational Bank, Baton Rouge, La.; H arry R. M itigu y, president and chief ex ecutive officer, H oward Bancorp, Burlington, V t.; James P. M urphy, executive vice president, N ew Y ork State Bankers Association, N ew York; Richard M . Rosenberg, chief executive officer, SeaFirst National Bank, Seattle, W ash.; Robert L. Stevens, president, B ryn M aw r Trust Company, B ryn M awr, Penn.; Ivan W ilson, chairman o f the board and chief executive officer, First C ity Bank-Corpus Christi, Corpus Christi, Texas. □ Named to Fed Board President Ronald Reagan has nominated Edward W . K elley, Jr., to the Federal Reserve Board o f Governors to succeed to the unex pired term o f Em m ett J. Rice, which runs until 1990. M r. K elley, 55, has been chairman o f Investm ent A d visors, Inc., Houston, since 1981 and also is chairman o f Shoreline Companies Inc and a director o f Texas Industries, Inc. One Board vacancy still remains, created b y the earlier resign ation o f G overnor H enry W allich. Iowa News The 1987 M id-W inter M anage ment Conference is planned for Feb. 25-27 at the Sheraton Steam boat C a ll o n t h e “ E x p e r ie n c e d P r o f e s s i o n a l s ” Ready to meet your correspondent needs. ^EFirsTierBank Lincoln 13th & M Streets, Lincoln, N ebraska 68501 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Firslier Bank, N.A., Lincoln, Member FDIC I lk ll Norwest Bank Des Moines, N.A. mmumm NORW ESr BANKS mamma Call (515) 245-3131 or toll-free (800) 362-2514 Member FDIC maxima Teamwork: one of the reasons we’re first in Iowa. John Rigler Dorothea Wolfe R esort and Conference Center, Steamboat Springs, Colo. Represen tatives from the O ffice o f the Comp troller o f the Currency, the Federal D eposit Insurance Corporation and the Am erican Bankers Association’s executive management s ta ff w ill be attending the conference. The regis tration fee is $130 for Iow a Bankers Association members and their spouses. The fee covers the W ednes day evening reception and tw o even ings o f conferences which include social hours, tw o dinners and tw o educational program s. N o refunds w ill be made after Feb. 13. For more inform ation contact the IB A office. C L A R IN D A : Robert B riggs has been prom oted to vice president o f Citizens State Bank. H e joined the Dennis Earhart MNB Correspondent Banker Together We Can Accomplish Great Things bank s ta ff in 1984 as assistant vice president. and Coulter were re-opened Friday morning, January 16 under the F irst ^ National Bank o f Clarion name. O. Jay Tom son is chairman o f F irst N a tional o f Clarion and Bob Bartholomaus is president and CEO. First National assumed approxim ately ^ $22 m illion deposits, about $ 4 .5 * m illion in p ortfolio loans, all the in vestm ent portfolio and cash and due, along w ith certain other assets. The F D IC retained about $10 mil- q lion in loans. F D IC also injected $7,178,000 into the assuming bank, which took this in the form o f a 6.25% interest-bearing note. This was the fifth bank failure in the na- q tion for 1987, the first in Iow a in 1987, and the 25th Iow a bank to close in the past 30 months. A ll ex cept one have been taken over in a purchase and assumption deal from 0 F D IC receivers. C O U N C IL B LU F F S : E d H. Spetman, Jr., chairman and CEO o f Council B lu ffs Savings Bank died January 18 in an Omaha hospital after a short illness follow in g a heart attack. H e had been w ith the bank more than 40 years, serving as presi dent from 1963-82 and chairman and N E V A D A : Daniel B. E ngler has CEO since that tim e. M r. Spetman been named president o f Nevada N a was president o f the Iow a Bankers tional Bank. H e was form erly presi- 0 Association in 1965-66. dent o f the H olstein State Bank, D ES M O IN E S : Norw est Bank Des Holstein. M oines’ stockholders have elected five new members to the bank’s S IO U X C IT Y : Dennis A . Nahnsen board, effective Jan. 22. The new has resigned as vice president and • members are: M ary Andringa, vice manager o f correspondent banking president o f Verm eer Manufactur at Security National Bank, effective ing Company, Pella; S.J. Brownlee, January 23. H e is join in g M erchants president and owner o f S.J. Brown & Traders Trust Co. o f Buffalo, N .Y . lee Farms, Inc. and Brownlee Man January 26 as vice president and ® agem ent Inc., Emmetsburg; G ary manager, trust business develop G. D eKoter, C P A , president and ment. M r. Nahnsen joined Security CEO o f H arker’s Inc., L e Mars; National in July, 1984, after work Charles C. Edwards, Jr., president ing for nine years at Norw est Bank ^ and publisher o f The Des Moines Des Moines, N .A ., where he served ^ Register, and James H. Kent, presi most o f those years in the trust dent o f K ent Feeds, Inc., Muscatine. department and the last tw o in the L A T IM E R : The Latim er Bank & correspondent bank division. Trust was closed Thursday after noon, January 15, by State Superin W E B S T E R C IT Y : Robert Grath- * tendent o f Banking W illiam R. Ber- wohl has been named president o f nau. The FD IC , as receiver, sold the Farmers N ational Bank. H e was as $22,400,000 asset bank for a pre sociated most recently w ith a bank mium o f $121,200 to The First N a in Chillicothe, M o., and prior to that 0 tional Bank o f Clarion. The bank was president and CEO o f U niver and its tw o officers at Alexander sity Bank & Trust in Am es. For Professional Correspondent Service Call 1-800-622-7262 319-398-4789 or toll free 1-800-332-5991 Call Strength Eastern |owa ThereJs A Difference In Banks... Valley National Bank Id Merchants National Bank b i Rapids. Iowa 52401 Member F D i C Digitized for Cedar FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis a BANKS OF IOWA BANK Main Office • Sixth and Walnut DES MOINES, IOWA 50304 A BANKS OF IOWA BANK Member FDIC JAMES F. MacLEAN Vice President H. PETER DeROSIER Vice President • SOUTH DAKOTA BANKERS BANK’S BOND? ARE YOUR UNDERWRITERS DEMANDS EXCESSIVE? ' PROBLEMS WITH YOUR HAVE YOUR PREMIUMS SKYROCKETED? Are you FORCED to write one type of insurance with a company at a higher premium, just so they will write another type of policy for you? IF SO... PLEASE CONSIDER THIS We have been solving Bankers bonding problems for over 75 years . . . AND AT THE LOWEST POSSIBLE PREMIUM! CALL OR WRITE KANSAS BANKERS SURETY COMPANY P.O. BOX 1654 TOPEKA, KANSAS 66601 KBS1 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis (913) 234-2631 OWNED BY BANKERS SERVING BANKERS IOWA BANKERS PROBLEMS WITH YOUR BANK’S BOND? ARE YOUR UNDERWRITERS DEMANDS EXCESSIVE? HA VE YOUR PREMIUMS SKYROCKETED? We have been solving Bankers bonding problems for over 75 years . . . AND AT THE LOWEST POSSIBLE PREMIUM! CALL OR WRITE IOWA BANKERS INSURANCE AND SERVICES, INC. 104 EAST LOCUST STREET DES MOINES, IOWA 50308 1-800-532-1423 or (515) 286-4344 KANSAS BANKERS SURETY COMPANY P.O. BOX 1654 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis TOPEKA, KANSAS 66601 (913) 234-2631 BANKERS AVAILABLE J-1 AG LENDER— Ready to enter commercial banking after 4 yrs. with Farm Credit System. Worked his way up to Branch Mgr. of PCA in short order, then put in charge of special accounts after merger. Performance reviews are outstanding; "One of the most promising young lenders I’ve seen, really gets things accom plished. Enjoyable to work with and shows good drive and com mon sense.” Double major in Ag Bus. and Commercial Econ. $30,000. J-2 LOAN OFFICER— Farmed for several years before getting his degree in Bus. Admin, then accepted position in local bank where he’s spent the past 3 yrs. learning all phases of banking. Handles consumer and ag loans, call reports and monthly perfor mance reports. Ready to move for better opportunity. $24,000. J-3 VICE PRES.— “ Qualified and competent; equipped to handle responsibility,” says co-worker about this aggressive young banker. Heavy in ag lending, but involved in other areas also. “ Documentation and people skills are two of his strengths. Made FHA guarantees work, forceful when situation calls for it, but not overbearing. Great attitude,” states reference. B.S. Bus. Mgmt., Ag Credit School, Principals of Banking, Installment Credit schooling, FmHA Approved Lender, insurance licenses and good computer skills. $30,000. J-4 ASST. VICE PRES— Hired by major bank holding company right out of college, he’s received extensive training, schooling, and hands-on experience in and consumer lending for past 3 yrs. Currently handles $5mm in loans, good workout and negotiation skills. References says, “ He got top grades in college and has continued to be a high achiever at the bank. No question about his credentials or abilities—he’s one of the very best.” B.S. Ag Bus/Commercial Econ. $30,000. S-5 VP AG— “ Very motivated. Arrived at work at 6 a.m. Good at documentation. I wish I still had him,” reports former supervisor. “ Very friendly and gets along well with customers,” adds refer ence. Ten years bank experience and currently a loan officer with the Farm Credit Service. Seeks to pursue ag credit management. B A. $30-$35,000. S-6 PRESIDENT OR EVP— Well experienced as both bank president and EVP. Handles $10 million loan portfolio of ag, commercial, real estate and consumer. Very active in community. “ Skillfull at credit workouts. Generates new business. Wants to relocate out of home community,” reports reference. BA $40-$50,000. S-7 VP AG/C0MMERCIAL— Offers both experience as a PCA loan officer and VP of a bank servicing ag and commercial loans. Has taught farm management and graduated with excellent grades in Ag. Has attended a number of seminars related to improving credit skills and marketing bank services. $28-$32,000. S-8 AG LOAN OFFICER— Impressive young man will represent your bank well. Four years experience as an ag loan officer in a bank servicing loans and acquiring new business. “ He is highly quali fied. Good in credit analysis. Highly motivated. Good communi cator and meets people well,” reports reference. Degreed. $25$28,000. J-9 VICE PRES. AG.— Responsible for $6mm in loans in main bank and branch offices. Strongest in ag lending and FmHA guaran tees, but also works with consumer and commercial lines. Has 10 yrs. of successful ag business sales and management prior to banking career. References include: “ Exceptionally good lender, can pull the hot water out of financial statements.’’...“ Very good with people; maintains their good will and respect even in tough est situations, and gets results.’’...“ Positive attitude and good business sense.” ...“ Excellent appearance and professional man ner.” $27,000. J-10 EXEC. VICE PRES.— Currently #2 in $40mm bank, in charge of $15mm in ag, commercial and real estate loans, and supervision of four loan officers. Spent 5 yrs. as PCA Branch Manager before entering bank 6 yrs. ago. “ Extremely good at working through ag problems, but can’t be pegged as ‘clean up man’; his style keeps customers friendly and willing to work with us, and would be suc cessful in bringing in new business. He dramatically reduced problem loans. Will be hard to replace,” were references for this seasoned young banker. B.S. Ag. $40,000. J-11 EXEC. VICE PRES.— In charge of $10mm ag portfolio in $50mm bank. Responsible for major reduction in classified credits, large percentage of guaranteed loans, upgrading docu mentation system, and substantial drop in compliance errors. Detail oriented and profit minded. Reference says, "Really serves as right-hand man to president. Can develop a workable loan policy. Comptroller has commended him on his value to bank; brought in an excellent system for analyzing credit, and his docu mentation is used as example for other banks. Great rapport with people, and loves his work.” B.S. Bus. Admin. $40,000. Our reputation of maintaining our candidates9 confidentiality enables us to attract a select group of ag bankers and lenders... those currently employed and not actively job hunting, but ready to make a move for the right opportunity. JEAN EDEN 712/779-3567 Hwy. 92 W. Massena, IA 50853 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Let us know your needs without commitment; we won9t ‘hound9 you with phone calls or ‘flood9you with resumes, and there is no fee unless you hire. SANDI GARNER 515/394-5827 Hwy. 63 S. New Hampton, IA 50659 BANKERS AVAILABLE S-12 V.P./LOAN OFFICER—Familiar with operations, collections, FmHA guarantees...all types of lending. "Super smart young fellow, quick learner and grasps concepts easily. Aggressive, likes responsibility and not afraid to handle a task,” expounded a co-worker. Bus. degree. $25,000. S-13 E.V.F.— Iowa State University graduate with four years of banking experience. Presently employed in 12MM bank. “ He knows how to get the point across with customers and employ ees...good communication skills...and spends more hours then is required for the job,” related a reference. A highly rated indivi dual with lots of enthusiasm to get the job done and done right. Knows credit, a sharp dresser and many awards for outstanding achievements. $26,000. S-14 A6 LOAN O FFIC E R -" Professional in appearance, a real self starter and catches on quickly...doesn’t need a lot of direction. Likes challenges, has high aspirations and a very community in volved couple,” says reference. "Bottom line, people person, and timely,” were all comments made by sources who have worked with this individual. ISU graduate with a farm back ground. $20,000. S-15 PRESIDENT— Fourteen years of banking experience. KNOWLEDGEABLE WITH AG CREDIT AT IT’S BEST. “ Handles people well and is a good motivator. You bet he can do the job as a CEO!,” quoting a president of another bank. Has attended sev eral banking schools and knows banking from the bottom up. College graduate. $40,000. J-16 EXEC. V.P./PRES.— Nearly 20 yrs. banking experience. Cur rently running small rural bank, in charge of all lending, opera tions and personnel. References include: "Top notch individual, and a straight shooter. Doing a good job in a bad situation. Excel lent credentials, experienced in clean up and knows when to be tough, but very well-received by borrowers. Can look at the paper and know if the loan will work.” Strong analytically, keeps control of situation. Very good lender and manager.” B.S. Ag, Grad School of Banking, Ames Ag Credit. $42,500. J-17 VICE PRES.— Offers 10 yrs. banking experience. Currently in charge of $5mm ag and small commercial loans, involved in operations and insurance. Set up farm loans on computer, handles workouts and all FmHA guarantees. Supervisory skills also. “ THE most conscientious person I’ve met. A well-versed banker with sound ag lending skills. Works hard, good forsight and judgment, and it shows in his loans. Steady as a rock,” quoted reference. $35,000. J 18 AG LOAN OFFICER— Ag lender in small rural bank for past 2 yrs. Handles $3mm in ag and installment loans, plus insurance business. Ready to advance his career and assume more re sponsibility, and references speak highly of his skills and perfor mance. B.S. Ag Bus. from ISU, licensed in commercial, personal, A & H and life insurance. $27,000. J-19 SR. VICE PRES.—Second in-charge of $35mm bank. Handles $10mm in ag and commercial loans. Recovered loans thought to be in loss status, works with FmHA and SBA guaranteed loans and restructuring credits. Over 12 yrs. in banking, strong PR skills, and gets involved in community. B.S. Ag Econ. from ISU, graduate of Am Bankers Assoc. Grad School of Ag Banking, holds insurance licenses. $30,000. S-20 AG LOAN OFFICER— Experienced as both a FLB ag loan offi cer and Assistant Co. Supervisor with FmHA. Farmed after father killed in accident. “ Very capable and excellent loan officer. Peo ple can accept what he says and don’t come over the desk at him,” says supervisor. He adds, “ You can tell I think alot of him. I would take him back in a minute.” B.S. Ag. $23-$25,000. S-21 SR. C0MMERCIAL/AG LENDER—Ten years as a Senior Com mercial Loan Officer plus ag loan experience. Recognized for de veloping new business. “ He can handle problems and make decisions. I’d hire him at any cost,” reports banker who knows him well. Degreed. $33-$37,000. S-22 LOAN OFFICER— I.S.U. ag. finance graduate. Four years of bank lending experience...all facets. “ Excellent personality, detail oriented and good in documentation,” expounded a reference. Top notch individual willing to put in the hours to get the job done. $21,000. S-23 A.V.P./CASHIER— Currently employed at 32MM bank. Basically ag, but handles all types of lending and operations. SHARP, has confidence in himself, conservative and offers seven years of banking experience. Graduate of Iowa State University with bank examiner experience. $34,000. S-24 LOAN OFFICER— “ Enjoys his work, interested in people, very thorough...good detail and documentation. Lots of potential!” quoting president of bank that tried to hire him. Four years bank experience with a Business degree. $23,000. POSITIONS AVAILABLE Continuous demand for banking professionals. Our CONFIDENTIAL service allows you to explore career opportunities in banking without risk to your current position. No contacts are made without your prior knowledge and consent. All fees paid by employers. 1. AGLENDER—S200MM bank seeks person with bank, PCA, FLB or FHA. Two to six years exper ience ag lending, farm visits, computer and cash flow knowledge. Exceptionally strong bank. $24,000*32,000. 2. A6 LENDER—Central Iowa community needs vice president. Excellent location. Close to larger metro areas. Five to six years bank experience. Need good marketing skills, know ag and some commercial lending. Great opportunity! $30,000* 40.000. 3. EVP/PRESIDENT—Location is fantastic as far as the state of Iowa for this bank. S20MM bank with good growth potential. Supervisory skills and overall bank experience required. $40,000* 50.000. 4. CEO—S10MM bank is sought in small town of 712/779-3744 92 W., Massena, Iowa 50853 Digitized Hwy. for FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Minnesota. Chief lending officer and manager are duties for this position. Must be able to meet public and communicate with farmers. Five years experience. $30,000 + . 5. VICE PRESIDENT—Ag loan department position available in $90mm bank. Fine community of over 20,000 people. Candidate must be able to take charge of loan division in ag, rebuild new business and market. Five years experience. $35,000. 6. #2 MAN—S55MM bank located in very nice county seat town in Iowa looking for #2 man in the bank. Must be strong in loans, bank opera tions and have 5 to 10 years experience. Don’t overlook this opportunity. Tap of $40,000. 7 ag loan Officer —Good business community located in dairy and hog area has $33MM bank aqricareers,inc. needing an ag loan officer. Will be in charge of farm calls, getting new accounts, credit analysis, etc. Minimum of two years experience. $25,000. 8. PRESIDENT—$75MM bank located in Wiscon sin community close to other larger cities. Number one rated bank needs confident leader who can handle ag loans and supervise activi ties of others as well as operations. Ten years of bank experience is required. $40,000 -t-. 9. VICE PRES/AG LOANS—Profitable bank, solid ownership and very choice Iowa location. Re quires 3-5 yrs. ag lending experience from bank or Farm Credit System. $30,000 + foil btnoflts. 10. BRANCH MANAGER—$20mm bank seeks ag gressive person with minimum of 5 yrs. ag credit, banking and management experience. Will supervise staff of 5. $30*$40,000. 515/394-3145 Hwy. 63 S., New Hampton, Iowa 50659 Investment Banking WÊÊÊÊÊ HCl • ■ H H H B I j J Pw The performance of your bank’s bond portfolio is based on sound thinking and quality investments. Investments that will consistently work at full power to contribute to the earnings of your bank. Bond portfolio recommendations have been our specialty since the 1920s, and our track record is enviable. Although investment vehicles and markets have changed, we’ve maintained our high standards. The result is success for our customers and a reputation that precedes us. For confidential consultation about the benefits of investment banking at United Missouri, call (816) 556-7200 today. UNTIED MISSOURI B A N K of Kansas City, n.a. Member FDIC https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis P.O. Box 226 Kansas City, Missouri 64141 4 G r o u p 1 M e e t s F e b . 6 -7 in S io u x C ity A N K E R S and spouses from Group 1 o f the Iow a Bankers Association w ill m eet at the M a rina Inn in South Sioux City, Neb., February 6-7 for the annual meet in g . G ro u p C hairm an B ill Hess, president, Io w a S a v in g s B ank, C oon W. HESS Rapids, w ill pre side. Secretary Jim M iller, chair man, Pioneer Bank, Sergeant Bluff, is scheduled to succeed M r. Hess as group chairman. The Sioux C ity Bankers Associa tion w ill again host the Friday even ing social hour. President o f the host group is M ike M oeller, president, Norw est Bank, N .A . Senator Robert D ole is this year’s guest speaker for the luncheon. The program follows: B Friday, February 6 P.M . 7:00 R egistration—M arina Inn. 8:00- Social Hour, Courtesy o f 10:00 Sioux C ity Bankers Associa tion. R.S. HOWARD N. MILNER Saturday, February 7 A .M . 8:30 N A B W Breakfast. Program —Interstate Bank ing. M oderator—N eil M ilner, ex ecutive vice president and CEO, Iow a Bankers Asso ciation. Panelists—Tom Olson, pres/ elect, Independent Bankers and B ill Janklow, Form er So. Dak. Governor. 10:00 S ila s K eeh n , p resid en t, Federal Reserve, Chicago. 11:30 Luncheon. P resid in g—B ill Hess. In v o c a tio n — R e v . R o g e r Augustine, V .G ., Chancellor o f the Diocese o f Sioux City. S tyle Show courtesy o f W il- liges, 613 Pierce. Luncheon Speaker—Senator f Bob Dole. B U S IN E S S M E E T IN G I.B .A . A c tiv itie s —R ussell S. Howard, president, Iow a Bankers Association. £ Remarks from N eil M ilner, executive vice president and CEO, Iow a Bankers A sso ciation and W illiam R. Ber nau, S u p erin ten d en t o f % Banking, D epartm ent o f C om m erce, D iv is io n o f Banking. P.M . 6:30 Social Hour. # 7:17 Banquet. 8:00 Dancing to The Lockwood Band. □ Nebraska News Governor K ay O rr has announced the selection o f Lincoln attorney Cynthia M illigan to serve as d irec to ry o f Banking and Finance, replacing James Barbee, who w ill return to the private sector. M rs. M illigan is a partner in the firm o f Rem bolt, Ludtke, Parker, M illigan and B erger % where she specialized in banking, tax, real estate and business law. SEN. R. DOLE W. JANKLOW T.H. OLSON W.R. BERNAU U .S . C H E C K B O O K C O M P A N Y W E LC O M E S Y O U TO Io w a B an kers G ro u p 1 A n n u a l M e e tin g F eb ru ary 6-7, S io u x C ity V is it us in o u r h o s p ita lity room a t T h e M a rin a Inn United States Check Book Company 1201 SOUTH 16TH STREET • OMAHA, NEBRASKA 68108 In Nebraska Call 402-345-3162 Out of State Call WATS Line 1-800-228-9246 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis H O LD R E G E : W illiam E. Richards, president and CEO o f First S ecu rity^ Bank, has announced the appoint-v ment o f Thomas F. Finnigan as ex ecutive vice president and John K aufelt as vice president for com mercial and real estate lending. ^ L loyd Shepler, who joined the s ta ff ^ in recent months as vice president, is chief ag loan officer. John Boehler continues as vice president and ag loan officer. M r. Finnigan, a form er ^ president o f Norw est Bank N orfolk, has been a consultant in Omaha the past year. M r. K aufelt, a native o f H oldrege, spent several years in the banking business and the past 14 f w ith a local s&l where he served as p resid en t b ejo re jo in in g F irs t Security bank recently. SC O TTSB LU FF: Dale H ittn er has been named vice president - trust • department at Scottsblu ff N ational Bank and Trust Company effective Jan. 14. H e served as trust officer w ith the bank for the past 11 years and has a total o f over 25 years • banking experience. Minnesota News M IN N E A P O L IS : N orw est Corpora tion announced last January an agreement to sell assets and liabili t ie s o f its banks in M ontevideo, OrTonville, Dawson and Luverne to M innwest, a new bank holding com pany founded by M .D . M cVay, re tired president o f Cargill, Inc. and a fo rm e r director o f Norw est Bank M inn eapolis. Final approvals o f the sale were received from regulatory agencies in December and the trans fer o f operations was com pleted Jan. 7 Inquire about FLE&O-PAY® CALL: ■ a computerized billing/credit system 1-800-772-2411 ■ generates additional income from present staff and equipment WRITE: LeRoy Bell The National Bank of Waterloo RO. Box 90, Waterloo, IA 50704 ■ means of increasing your local commercial business ■ plan developed by bankers for bankers 49. M IN N E A P O L IS : Jon ath an B. D odge has joined L.H . Hendrickson and Company, Inc. as president, and Jean Laubach has joined the com p a n y as vice president o f business planning. M r. D odge was form erly a partner w ith M cG ladrey, Hendrick son Pullen. M s. Laubach has 18 years finance related experience and • n o s t recently was an associate of Strommen Associates. senior vice president operations ex ecutive. H e brings 17 years experi ence to V alley Trust, m ost recently as vice president - trust operations w ith Associated K ellogg. H A R T L A N D : The acquisition o f Suburban State Bank, Hartland, by V alley Bancorporation, Appleton, was com pleted Dec. 31, 1986. Richard F. M eloy, who is president Illinois News o f V alley Bank o f H artford, has •C U B A : The F D IC has approved the assumed the president’s position at assumption o f State Bank o f Cuba Suburban State Bank. The bank w ill by N ational Bank o f Canton. The retain the existin g board o f directors failed bank’s only office reopened and officers who are personally ac Jan. 12 as a branch o f National quainted w ith the customers and • ¡Rank o f Canton. The bank, with businesses o f their trade area. total assets o f $17.5 million, was W O O D R U FF: Tim othy E. Cross closed on Jan. 9 by John E. Treston, has been named president and chief Illinois F irst D eputy Commissioner executive officer o f V alley National o f Banks and Trust Companies, and Bank, W oodruff. H e has been with • th e F D IC was named receiver. N a V alley for the past 12 years, m ost re tional Bank o f Canton w ill assume cently as vice president, V alley about $17.6 m illion in 3,750 deposit Bank o f Brownsville. accounts and has agreed to pay the F D IC a purchase prem ium o f •$310,500. I t also w ill purchase cer South Dakota News tain o f the failed banks loans and T R IP P : H arrison O. Brosz has an other assets for $15.9 m illion. The nounced his retirem ent as vice presi F D IC w ill advance $1.6 m illion to dent and cashier o f F irst State the assuming bank and w ill retain Bank. H e has been associated w ith # assets o f the failed bank w ith a book the bank for 35 years. H e was also a value o f about $1.7 million. member o f the bank’s board o f direc E A S T D U B U Q U E : D aryl Barklow has been elected president and chief ^ execu tive officer o f the East Dubu que Savings Bank. H e joined the bank in 1972 and m ost recently served as senior vice president. Thomas R eilly has been named se ign ior vice president o f the bank. Wisconsin News A P P L E T O N : Kenneth W . W ery has joined V alley Trust Company as ¿zHoicts-X and zzn’i.i.ocLats.i Bank Consultants Specializing in Bank Acquisitions 515-232-0814 P.O. Box 450 405 Main Ames, Iowa 50010 Donald E. Holder, Principal https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis tors and served as secretary. North Dakota News The N orth D akota Bankers Asso ciation w ill hold its home equity lending workshop on Feb. 18 at the H oliday Inn in Bism arck and Feb. 19 at the Doublewood Inn, Fargo. M ike Moebs, chairman o f G.M . M oebs Associates, Lincolnwood is the featured speaker. The schedule for both locations is as follows: R egistration from 8:30 to 9 a.m. w ith the session from 9 a.m. until noon. Lunch w ill be held from noon to 1:00 p.m. w ith the session resum ing from 1 until 4:30 p.m. Fifteen minute breaks w ill be held at 10:15 a.m. and 2:30 p.m. R egistration before Feb. 6 w ill be $65. A n y regis trations received after that date w ill be $85. R egistration deadline is Feb. 11. Wyoming News The W yom ing Bankers Associa tion’s annual Credit Conference w ill be held Feb. 5-6 at the Downtowner M otor H otel in Casper. This year’s emphasis for the conference w ill be on problem loans—identification, resolution and prevention. The for mat for the conference has been changed. A fte r lunch, participants w ill be divided into three groups and assigned a breakout room. M orning speakers w ill then rotate to each group allow ing for a 45-minute “ rap” session w ith each speaker. For more inform ation contact the W B A office at (307) 235-4083. Colorado News D E N V E R : Joe W . Stander has been elected senior vice president and G ary L . K lein has been prom oted to vice president o f Colorado National Bank o f Denver. M r. Stander, con troller for the bank, joined Colorado National in 1984 and was prom oted to vice president in 1985. M r. Klein joined the bank last year and is working in the regional banking di vision where he is responsible for all agribusiness department loans. Correcting regulatory criticism and other management services SW ORDS ASSOCIATES. INC. P R O FE S S IO N A L B A N K IN G CONSULTANTS 4900 OAK SUITE 301 KANSAS CITY, MO 64112 (816) 753-7440 8 POSITIONS AVAILABLE PRES/CEO. Current PRES/CEO retiring. We are looking for an innovative, aggressive, and analytical leader. Excellent compensation. Send resume to File No. WHW c/o North western Banker. (PA) LOAN OFFICER. Small $8MM bank in N.E. Iowa. Insurance and real estate license a + but not necessary. Salary & benefits commensurate with experience. Send resume to File No. WIG c/o Northwestern Banker. (PA) PRESIDENT. $10MM East central Iowa bank has A + rat ing and wants to keep it. Seeking detail oriented CEO with ag expertise. Send resume to File No. WIH c/o North western Banker. (PA) CEO for rural Nebraska $10 million bank. Need experience in all phases of farm, ranch and other lending. Bank in good condition. Insurance experience helpful. Excellent pay and fringes. Send resume to File No. WII c/o North western Banker. (PA) COMMERCIAL LOAN OFFICER. Excellent opportunity for individual with minimum 3 years commercial lending ex perience. Bank moving to Ames, IA. Send resume to or contact Joseph R. Simmens, Pres., American State Bank, Box 367, Roland, IA 50236. (515) 388-4331.___________ (PA) OPERATIONS OFFICER. Excellent opportunity for Indivi dual looking for a growth oriented bank. Prefer minimum of 5 years experience with micro computer training. Bank moving to Ames, IA. Send resume to or contact Joseph R. Simmens, Pres., American State Bank, Box 367, Roland, IA 50236. (515) 3 8 8 - 4 3 3 1 . _________________________ (PA) Serving bankers quietly and efficiently. CAPITAL PERSONNEL SERVICE 714 First Interstate Bank Building Des Moines, Iowa 50309 515-283-2545 B A N K IN G NEW OPPORTUNITIES IA Q LENDER/V.P. Ag expertise will lead to #2 spot in |$34mm bank. Strong capital position and under 150% classifications make this a great opportunity I for advancement I .......... $36,000.............. Call Steve. ICLO . $200 + mm bank, member of fast growing holdling co. needs 3-t- yrs. lender for $1-$10mm credits. | Big bank background, formal credit training pro(gram......................... $40,000......................... Call Marj. I BRANCH MGR. Manage the portfolio and the staff I 14+ years all-around lending to live In clean and | prosperous community! Benefits and 401K ! ............ . . I ...................$30,000 + ........................... Call Bruce. I SR. LOAN OFFICER. Supervise staff of lenders in I $93mm bank. Improve and develop commercial loan I portfolio with aggressive area businesses. Perforjmance can lead to the «2 spot I Benefits and profit f sharing I .................. $45,000.......................Call Steve. ICLO. Want a career with opportunity and stability? I High-performing multi-bank holding company wants [4 + years metro commercial lending talent. Bene¡fits, 401K ! .............. T o $35,000................. Call Bruce, j ¡VICE PRESIDENT. 8 + years general lending, | I $50 + mm bank experience for supervision of loan l I officers and $25mm portfolio. Upward mobility I . . . I ................ $40,000 plus bonus! ................. Call Marj. j I AG LOAN OFFICER. Enhance and develop your ¡lending skills! Documentation, cash flows, spread I sheets are the keys. This $21 mm bank is perfect for I the aggressive lender looking for advancement and [challenge! Benefits and profit sharing!..................... ...........................$25,000.............................. Call Steve. ICLO. Documentation, credit analysis, 1 + yr. loan [experience for growing bank. Excellent upward mobility and benefits! .. .To$28,000. . . .Call Marj. EXEC. VICE PRESIDENT. Great location! Assume #2 spot overseeing bank’s $20mm loan portfolio. 8 + | yrs. all-around lending, strong analytical. Located I near mountains - hunting, fishing, skiing.................... I .......................To $35,000...........................Call Bruce. I (personnel Search 1126 So. 72nd St. Omaha, Ne. 68124 FOR SALE RECONDITIONED BRANDT Coin Sorters-Counters BRANDT Currency Counters New Warranty 402-571-5577 SHARP TELLER MACHINES New or R econditioned C all: Bankers Equipm ent 612-890-6661 or 1-800-328-4827 ext. 1905 " ------------ 402- 397-2980______ - - POSITIONS AVAILABLE VP OPERATIONS— need 5 + years of cashier ex perience. Including some E.D.P. experience. $60MM bank. Central Iowa. Mid $30s. EVP— N.W. Kansas bank. $40MM. Need strong commercial experience. Up to $10MM portfolio. Some marketing orientation. To $45K. INVESTMENT ANALYST—need 3-5 years experi ence. Omaha major bank. To $45K. All fees are paid by our client employers. Richard L Beam, CPC GUMBERT EXECUTIVE EXCHANGE, INC. 11246 Davenport Street Omaha, NE 68154 Phone: 402/330-3260 Member National Personnel Associates ______________ We’re Nationwide______________ Estate Appraisals Purchase o f Collections Sale o f Rare Coins Reliable and respected service for over 20 years Used by bankers throughout the midwest Ben E . Marlenee Coins 913Locust Des Moines, Iowa 50309 515-243-8064 AG LOAN OFFICERS with two or more years experiendA and college degree for banks in $60 million range in East ern and Northwestern Iowa and Illinois. . Salary to $30,000 COMMERCIAL LOAN POSITIONS in major Iowa cities. Prefer college grads with two to five years experience. . . . ................ ................................................. Salary to $35,000 LOAN REVIEW POSITION for prestige banking organize^, tion located in area of 350,000.................. Salary to $ 30 ,0d A SENIOR OFFICER POSITION for Iowa bank of $70 million. Prefer five or more years of solid loan experience................ ..................................................................... Salary to $45,000 INSTALLMENT LENDER with 3 or more years experience for $60 million Iowa bank.......................................To $25,000 COMMERCIAL REAL ESTATE LENDER for major Mid we A banking organization ............................................................. .................................. Salary to $35,000 + Attractive Bonus. Financial Careers (Division of Freeland Financial Service, Inc.) 1010 Equitable Bldg. Des Moines, IA 50309 515/282-6462 Employer pays fee. £ ^ Please contact Lorraine Lear concerning these and other banking opportunities. P O S IT IO N S A V A IL A B L E • PRESIDENT Do you feel passed over? A northern Wise bank needs a dedicated leader to manage a high performance bank. This is an opty that offers a clean loan portfolio and histor ical evidence of strong profitability in a great upscale re^ sort area! Desire 6 + yrs coml lending exp, a degree, a to £ image, and a decisive mgmt style. To$60K. Job #NW1064. EXECUTIVE VICE PRESIDENT Are you under-challenged and without future growth po tential? A northern Minn bank in a large city needs an an alytical loan administrator to serve as the #2 person. D e ^ sire 5 + yrs coml lending exp, a degree and strong m gm W ability. A super opty that will lead to the presidency. To$50K. Job #NW1065. CASHIER Are you concerned that your job might be eliminated through centralization? Isn’t it time to control your own destiny? A well performing Minn bank in a major c ltjA needs a proven manager for the general ledger, teller, p r o ^ of, and bookkeeping areas. Desire 4 + yrs operations exp and a degree. Hot! To$35K. Job#NW1066. FOR MORE INFORMATION CONTACT PAUL GENTZKOW OR JEAN TODD 3636 IDS Center Minneapolis, MN 55402 (612) 339-9001 ALL FEES COMPANY PAID A BANKING CANDIDATES COMM’L/CONS. LDR—Offers 2 + yrs. expr. In comm’l/cons Idg. ($5mm port.), bus. dev., computer & admin, areas for a $70mm branch bank. Excellent references........................................................ $27-29,000. SVP— Experienced professional with 12+ yrs. in ag banking. Workout & FmHA guar. expr. Ref. says, “Does an excellent job In ag lending. Good rapport with customers.” ................................................$37,000. BANKING/FINANCE— Has 2% yrs. expr. which in cludes Inst. & student loans, credit card program & bank operations. Collection exposure with consumer loans. Good com municator.............................. $15,000. INSTALLMENT LOAN OFF—Twenty-two yrs. lending expr. In all facets of Inst. Idg. Emphasis in coordina tion of operation & data proc. Ref. says, “Customers liked him, good loan closer & collector. Hard worker. Available due to reduction of staff.” ............... $29,000. Additional, well qualified candidates available. Call or write for more Information. Reasonable fees. LINDA HEIT 515-394-2325 MIDWEST PERSONNEL New Hampton, IA 50659 POSITIONS AVAILABLE CASHIER • $25MM Ag Bank. Requires background with inhouse minicomputers and some knowledge of Agri Loans. $3OK0 PRESIDENT - Agri Bank with problem loans. Should have administrative experience and solid Agri Loan skills. $40K OPERATIONS • manage department of 35 for large urban bank. Experience with deposit accounting and account services required. $38K AGRI LOAN - community bank with large Ag p o rtfo lio .^ Seven yrs. or more Ag Lending experience needed. $35K™ COMMERCIAL LOAN • large suburban bank with $100MM loan portfolio. Degree and minimum 3 yrs. comml lending experience with six figure credits. $32K Additional positions available in Midwestern states. TOM HAGAN & ASSOCIATES 2024 Swift - Box 12346 North Kansas City, MO 64116 816/474-6874 A _______ “ Serving the Banking Industry Since 1970” Vol. 15 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 A Des Moines, Iowa. Address all mail subscriptions, changes of address (Form 3579), manuscripts to Northwestern Banker, 1535 Linden \ St., #201, Des Moines, Iowa 50309. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
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