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• January 28,1985 Des Moines, Iowa Vol. 13 No. 41 Farm Crisis Plan Is Outlined By Minnesota Bankers 10-POINT PROGRAM to help farmers survive the current eco A nomic crisis was outlined January 18 by a Minnesota Bankers Associa tion agricultural task force. The plan, presented by task force chair man Les Peterson, calls for a combi nation of state and federal actions to address both short and long-term needs of farmers. Main short-term goals are to make needed credit available to farmers quickly and at less cost, and to provide means for farmers who still have sufficient equity to lower their debt-to-assets ratios. Long term, the goal is to encourage a more favorable national economic climate in which efficient farmers can expect to make reasonable profits. “One major burden on farmers is high interest rates,” pointed out Mr. Peterson, who is president of the Farmers State Bank, Trimont. That problem is best solved by reducing the federal deficit, he said, and most of that action needs to come from Congress and the administration. “But, help can also be provided at the state level,” said Mr. Peterson. “Minnesota bankers Eire willing to help reduce interest rates to finan cially stressed borrowers by writing down interest rates. But it wants the state to also share in this inter est reduction by matching the MBA action.” The major point of the task force Comprehensive Action Program is: • Support of the Communicating for Agriculture debt modification proposal. This proposal, which was endorsed by MBA two weeks earlier is de signed to address credit needs of dis tressed farm borrowers who do not qualify for existing Farmers Home Administration programs. It calls for partial loan guarantees, debt restructuring and the lender-shared interest reduction plan. “The CA debt modification plan will also require federal action,” said Mr. Peterson. Initiation towards such action has already been started. Members of the task force met with Minnesota Senator Rudy Boschwitz earlier in the week to ask that he begin exploring ways to get the modification plan implemented by the Farmers Home Administration. Other points of the comprehen sive plan include: • A joint state-private lender farm operating loan interest subsidy pro gram. “Such a joint cooperative effort would make credit available to a seg ment of distressed farm borrowers who would not otherwise qualify for credit because of cash flow con straints,” pointed out Mr. Peterson. “In addition, such a program would not disrupt the basic credit system, nor depend entirely on a federal ini tiative.” “This could help those farmers, whose debt-to-assets ratio ranges between 40% and 70%, obtain oper ating loans to get their crops planted this spring,” added Truman Jeffers, MBA executive vice presi dent. To make the interest reduction program large enough to provide significant help to needy farmers, there also needs to be immediate ac tion at the federal level, he added. “The task force is asking that Congress, the Department of Agri culture and other sectors of the Ad ministration, together with the Fed eral Credit Service and similar agen cies join with MBA in seeking imme diate solutions,” continued Mr. Jef fers. “That has been one major goal of our task force since its origin — to seek coordinated efforts at both state and federal levels to get im mediate action on this very critical problem.” If state short-term proposals are not accompanied by long-term fed eral proposals, the effect will be lit tle more than trying to heal a gaping wound with a bandaid,” added Mr. Peterson. • Acceptance of the voluntary 120-day foreclosure grace period, but on a qualified basis. As a matter of principle, the MBA believes a moratorium on remedies for collection of legal debts will re duce the availability of credit and tend to disrupt the basic credit Call on the “Experienced Professionals” Ready to meet your correspondent needs. FIRST N A TIO N A L LINCOLN 13th & M Streets, Lincoln, Nebraska 68501 A Firslier Company https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Member, F.D.I.C. ARE YOU CULTIVATING A CROP OF NON-PERFORMING AG LOANS?? Call (515) 225-0085 COLLECT To Learn About THE PLANNER Revolutionary Software for Farm Credit Analysis and Planning Homestead Management Systems, Inc. system. Nevertheless, the MBA would not oppose the voluntary 120-day grace period proposal called for in Senate File 54. However, it must be understood that under that proposal, availability of 1985 farm operating loans to distressed farm ers depends on a federal credit debt reduction program. Furthermore, the MBA believes that the dollars allocated in Senate File 54 could be put to more effective and immediate use by funding a joint state-lender farm operating loan interest reduc tion program, such as proposed above. • Additional property tax relief for farm and agricultural lands. Also, action by the legislature to eliminate or reduce sales taxes on farm machinery and equipment. ASK JERRY TRUDO to make MNB work for you. Toll free 1- 800- 332-5991 Merchants ^ National Bank 1 5 1 Member F.D.I.C. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A ‘BANKS OF IOWA’ BANK • Enactment of legislation to fa cilitate injection of equity capital into farming operations, such as the recently announced limited partner ship proposal. MBA agrees with Governor Perpich that other types of equity capital programs should be considered. • Amendment of state and federal tax laws to provide capital gains tax relief to those forced to liquidate their farm or business operations. • Reconsideration by federal and state financial institution regula tory agencies of their practice of ar bitrarily writing down the value of farm land and machinery which forces lenders to foreclose or repos sess property of a farm borrower who has otherwise kept his pay ments current. • A feasibility study of an emer gency state bonding program which could make more funds available for farm operating loans at lower inter est rates. On a longer-term basis, the MBA believes a combination of higher crop prices and lower interest rates is the only permanent solution to the crisis in rural America. As a part of its comprehensive action plan, the MBA, therefore, urges Congress to: • Substantially reduce the federal budget deficit this year. And to change the “cheap food” policy which has driven farm prices to 55% of parity. “Taking these actions will lower interest rates, bring the value of the dollar into line with the currencies of our foreign trading partners, create overseas markets for American agri cultural products and improve farm prices,” pointed out Mr. Jeffers. There are other actions MBA task force members feel can be taken to alleviate Minnesota’s farm problem. One is additional professional assis tance for farmers on financial and stress management. MBA recommends th at both state government and the private sector support a University of Min nesota Agricultural Extension Ser vice program called “Project Sup port” by making funds available to hire additional staff for one-on-one family counseling. Project Support provides counseling assistance for families leaving farming for non- far ming careers, for families who need help analyzing short-term financial problems and for families needing long-term financial planning to help their family farms remain economic ally healthy in the future. MBA task force members propose Minnesota foundations and private banking interests match state con tributions to make qualified person nel available to the Extension Ser vice as needed. In its final Comprehensive Action point, the MBA intends to: • Initiate a more intensive cam paign by which farmers, rural com munities, businesses and others in agribusiness can communicate their concerns to Congress and state leg islators, and to urge enactment of the MBA Comprehensive Action Program. The task force has already con tacted some 50 Minnesota farm or ganizations, commodity groups, state and national banking associa tions to invite their ideas on how best to address the crisis on a total basis. □ Attention Iowa and Nebraska banks — Please be sure to return your 1985 Bank Directory question naires as soon as possible! m me FLEX-O-PAY® Developed for bankers by bankers The unique FLEX-O-PAY com puterized billing system has been developed by staff m em bers of The National Bank of Waterloo and Rec-Check, Inc. The system was designed by bankers for bankers. The developm ent was initiated to solve one of the current problem s faced by m ost banks. How do you generate additional income from your present staff and equipment? This simple, flexible plan is easy to operate, yet it can becom e one of your most im portant profit centers. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis For more details . . . on the FLEX-O-PAY computerized billing/credit system, give us a call or write to us. Our address is: The National Bank of Waterloo 315 East 5th Street Waterloo, IA 50703 (319)-291-5412 Your complete financial center. The National bank OF WATERLOO Downtown / Crossroads / Logan P laza / N ation al P laza FDIC - Insurance W hat is FLEX-O-PAY.? This is a com puterized local billing/credit service that provides a consistent source of cash flow for your local business custom ers. You purchase the existing accounts receivables from your businesses on a discounted basis w ith full recourse. Your local m erchants prepare charge tickets on all future credit transactions and deposit them w ith your bank on a daily basis. You bill and initiate all accounting through your com puter processing center o r m icro-com puter. The consum er can m ake all FLEX-O-PAY payments direct to your bank o r your com m ercial custom ers. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis W hat it can do for you. A FLEX-O-PAY® system can generate im portant incom e for you tw o ways. O ne is through the discount on receivables. And the second is finance charges on accounts w ith balances that have been billed over 30 days. This com puterized system can provide you w ith an im portant m arketing tool to increase your com m ercial business. You can provide the plan to local businesses w ithin your community. You can m arket the plan to your local m erchants because their accounts receivable are liquidated daily . . . their cash flow im proves considerably. Your local m erchants can elim inate the difficult and tim e consum ing task of billing and collecting from their custom ers. Supplement to Northwestern Banker Newsletter_1-28-85 Group 1 Meets Feb. 8-9 in Sioux City ROUP l meets February 8-9 at the Marina Inn in Sioux City G for the annual meeting. Group Chair man Bruce M. K olbe, p r e s i d e n t, U n ite d C entral Bank, Sioux City, will preside. Secre tary Bill Hess, president, Iowa Savings Bank, b .M. KOLBE M. LARSON W. LOGAN N. MILNER T.H. HUSTON Coon Rapids, is scheduled to suc ceed him as Group chairman. The Sioux City Bankers Associa tion will again host the Friday even ing social hour. President of the host group is Max Larson, president, First National Bank. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis The program follows: Friday, February 8 P.M. 7:00 Registration—Marina Inn. 8:00 -10:00 Social Hour, Courtesy of Sioux City Bankers Asso ciation. Saturday, February 9 A.M. 9:00 Registration—Marina Inn. 9:00 NABW Breakfast. 11:30 Luncheon. Presiding—Bruce M. Kolbe. I n v o c a t i o n —Rev. A.T. Washington, senior minis ter, First United Methodist Church, Sioux City. Style Show courtesy Younkers Department Store. Ar rangements by Mrs. James Anderl. “Stress—You, Your Family and Co mmu nity” —John Fitzpatrick, PhD, Menninger Foundation, Center for Applied Behavioral Sciences, Topeka, Kan. William Logan, president, Iowa Bankers Association; president, The State Central Bank, Keokuk. Neil Milner, executive vice president, Iowa Bankers As sociation. Tom Huston, Iowa superin tendent of banking. 6:30 Social Hour. 7:30 Banquet. The Lockwood Band for listening and danc ing pleasure. □ Iowa News AMES: A plan was announced here January 23 to merge University Bank & Trust Co. with Union Story Trust & Savings Bank to create a new bank with deposits of approx imately $115 million. Larry Wenzl, chairman and president of Union Story and former chairman and president of University B&T, said the latter bank will acquire the assets and assume the liabilities of Union Story. The application for the consolidation has been filed with the state superintendent of banking, but a name for the new bank has not yet been revealed. The resulting bank would operate from the present main office of Union Story, while the present headquarters of University B&T wil be an office, although staffed with senior officers. Univer sity B&T is owned by Great Midwest Financial Co., whose major shareholder is Richard O. Jacobson. Mr. Wenzl and Mr. Jacobson teamed up to buy Union Story last September. The third bank in Ames is First National, founded in 1903 and reporting $115 million deposits last summer. DANBURY: Steven Cloud has been appointed president of the Farmers Saving Bank. Mr. Cloud, former bank vice president and loan officer, succeeds Paul Gahan, who retired as president January 15 after 39 years with the bank. Mr. Cloud has been with Farmers Savings nine years. Also announced, was the election of Phebe M. Treiber as vice president and casher and the hiring of Martin Weber as loan officer. Ms. Treiber has been with the bank since 1951. 3 Send Youf News Today to the NORTHWESTERN BANKER TELL US A B O U T. . . 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 YAKE, SPRENGER AND JENNINGS Getting it done for you. Ernie Yake Bill Sprenger Tom Jennings 234-2483 234-2625 234-2484 Commerce Bank of Kansas City"* MEMBER FDIC MUSCATINE: Roger C. Davis has — been elected senior vice presi9 dent/senior loan officer of First Na tional Bank of Muscatine, at its an nual meeting held January 17. He most recently was with Citizen 0 Bank of Jonesboro, Ark., and prior to that was with Lincoln National Bank & Trust in Fort Wayne, Ind. ^ a 0 # # PALMER: Effective January 8 , Richard O. Wikert of Fremont, Neb., W.A. Krause of Hampton and Ste ven P. Drennan of Manson have pur chased controlling interest in the Palmer State Bank from Wesley J. Pulley, who will be retiring from ac tive management of the bank. In ad dition to being elected directors, Mr. Wikert was elected chairman; Mr. Krause was elected president, and Mr. Drennan was elected executive vice president. Acquisition assis tance in connection with the sale was provided by Holder & Assoc iates, Ames. SIOUX CENTER: The board of dirctors of First National Bank of Sioux Center recently promoted John H. Koerselman to vice president. He joined the bank as an assis tant vice president in 1982. The board also elected Vice President Stanley W. Speer to the board. Mr. Speer, a former national bank examiner, joined the bank in 1977. WEST DES MOINES: Don Halsey has joined West Des Moines State Bank as vice president, commercial # loans, Glen Reynolds has been named cashier, and Joyce Chapman was named vice president, administration/marketing. Mr. Halsey previously was with Bankers Trust, # Des Moines, for 17 years, most recently as senior vice president, commercial loans. Mr. Reynolds pre viously was president with East Des Moines National Bank. Ms. Chap0 man had been serving as vice presi dent and cashier. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Tplonhorvo ix t(816) At 9^4.9nnn Telephone 234-2000 Nebraska News BELLEVUE: John P. “Jack” Ayres has been named president of Bank of Bellevue, according to John H. Becker, chairman. Prior to his ap pointment, Mr. Ayres served as president of Tri-County Bank & Trust Co. in Bellevue. Succeeding Mr. Ayres as president at TriCounty Bank & Trust is Lance K. Wise. Mr. Wise joined the bank in 1982 as vice president, and prior to that time was with First National Bank of Hays, Kan. w Serving bankers quietly and efficiently. CAPITAL PERSONNEL SERVICE 714 U.C.B. Building, 515-283-2545 Des Moines, Iowa 50309 duct the program. He is an active consultant to law firms and corpora tions. BELLE PLAINE: State Bank of Belle Plaine recently announced the promotions of Tyrone S. Buesgens to senior vice president and Alvin M. Schwab to vice president. Norma DANNEBROG: An FDIC official J. Kessler has been named assistant corrected an estimate made earlier cashier and Paul D. Gatz, install that 300 of the 323 loans in the port folio of State Bank of Dannebrog ment loan officer. were past due when the bank was BURNSVILLE: P. Gregory Peterka closed because the blanket bond has been elected president of First could not be renewed. (Newsletter of Bank Burnsville. He succeeds the Jan. 21) G. Michael Newton, Dallas, late Gordon F. Clarke. Mr. Peterka Tex., FDIC director of liquidations most recently served as senior vice for the midwest, said a further ex president of commercial lending for amination showed most of those the bank. He has been with First loans had come due at year-end and Bank System since 1971. were pending review and negotia Montana News tions for new crop loans for this FORT BENTON: William J. Popspring. He stated at a press con ference that only 25 of the loans ac pier has been named vice president and loan officer for First Bank Fort tually were seriously delinquent. Benton. He joined the bank January 14 of this year. He previously served Minnesota News with Security State Bank, PlenThe Minnesota Bankers Associa tywood, and Bank of California’s tion Human Resource Committee Stockton Branch Office. will sponsor a Supervisory Work shop Wednesday, February 13 at POSITIONS AVAILABLE the Granada Royale, St. Paul. V.P. & Contr for Ige. Fla. S&L. Must have CPA + 5 yrs. exp. $50K. Pat Coleman, president, The #2 Person for med. size la. bank. Need ag & comm, Training Company, St. Paul, will lend. + operations. To $40K. conduct the program. He is a train AVP—pars. tr. admin, for 1 of top 10 tr. depts. in Indiana. Need 5-7 yrs. exp. Prefer J.D. To $40K. ing consultant with over 20 years Sr. Comm. Lender $50 mill. N. III. bank. To $45K. experience. On Thursday, February 14, the MBA will sponsor a Negotiation R eg en c y Skills Workshop at the Sheraton RECRUITERS. INC. Airport Inn, Bloomington. Gerald Williams, associate dean 1102 Grand Avenue, and professor of law at Brigham Kansas City, MO 64106 Young University, J. Reuben Clark Diane Evans 816/842-3860 Law School, Provo, Utah, will con SKI COLORADO Stay within minutes of 4 major Colorado ski areas. Luxury and economy condomin iums and townhomes. Call: Dwayne Smith, Anne Marie or Sue at Ag Banking Specialists Let us help with your career advancement or staffing needs. Call in confidence, without obligation. Employ ers pay our reasonable fee to hire the best. PARADISE PROPERTIES CEO for $35 million Wisconsin bank. Requires 5-10 years experience, college degree and credit schools.................. ........................................................................... Salary $50,000 CORRESPONDENT OFFICER for major midwest bank. Prefer college grad, ag oriented, to travel Wisconsin or Illi nois ................................................................. Salary $35,000. Toll Free 800-922-2590 Denver, 892-9367 or 303-468-5846. COMMERCIAL LENDER for $100 million bank. Requires 5-10 years experience. Job entails loan cleanup— both ag and com mercial.........................................Salary $40,000 + LOAN WORKOUT SPECIALIST COMMERCIAL LENDER for $600 million midwest bank. Must be experienced in handling major credits and good at documentation.........................................Salary $40,000. Available on a temporary or an intermediate basis in an on line or advisory capacity for: • LOAN WORKOUTS • LIQUIDATIONS • DOCUMENTATION 22 years experience in acquisitions and liquidations, write: WBX c/o Northwestern Banker — All Replies Confidential — (PW) Financial Careers CEO for $25 million Iowa bank. Prefer experienced banker with college degree...................................Salary $35,000 + Linda 515/394-5827 New Hampton, la. 50659 I Jaan 515/263-9598 (T/W/F) 712/779-3567 (M/TH) Massena, Iowa 50853 a g n G 4 R S R S ,i N a NUMBER TWO person for $140 million bank. Must have loan experience in larger bank. Position leads to CEO . . . . ...................... ................................................ Salary $50,000 + COMMERCIAL LENDER for major southern Minnesota bank. Requires 5 or more years experience........................... ..................................................................... Salary to $40,000. TRUST OFFICER for $300 million midwest bank. Prefer lawyer or CPA with trust experience___ Salary $35,000 + FOR SALE SHARP ELECTRONIC TELLER MACHINES—OverstockedSpecial Price for 30 days. Phone: 307/634-7402. (FS) BURROUGHS S590 SINGLE POCKET DOCUMENT ENCODER. New. Never Used. Contact D.T. Ledlie, Phone: 815/453-7441. (FS) POSITION AVAILABLE COMMERCIAL LOAN OFFICER—$600 million central Iowa bank seeking an aggressive lender with college de gree and 5-10 years experience. Proven success with com mercial credits and work-out scenarios desired. Excellent career opportunity. Send resume and salary history in con fidence to file WCO, c/o Northwestern Banker. (PA) COMMERCIAL LOAN OFFICER— Immediate opening for head of commercial loan department. This person will also supervise officer in charge of consumer loans. Minimum of 3 years commercial experience required. Salary com mensurate with experience. Excellent benefits and career opportunities. Contact: Robert S. DeWaay, President, United States Bank, P.O, Box 309, Cedar Rapids, IA, 52406. Member Hawkeye Bancorporatlon. Phone 319/366-8413. _______________________________________________ (PA) CEO—$15 million bank in northeastern Iowa community of 1,000 people. Excellent bank with up to 10% ownership available. Send resume immediately to Box WCP. (PA) POSITIONS AVAILABLE TRUST ADMINISTRATOR - Aggressive bank with rapidly expanding department 2 + yrs trust exp in $100mm+ en vironment and JD or CPA needed for this highly visible po sition. $30K + . COMMERCIAL LOAN ANALYST - Florida bank holding co seeks seasoned comm’l lender, 3 + yrs exp to evaluate fin’l position and performance. Challenging/responsible position with great benefits and location in a large organi zation. $28K. COMM’L LENDER - Large progressive bank offers high vis ibility & good pay in growing comm'l loan operation. 3 + yrs lending exp, leasing knowledge, people skills and the desire to grow with position — are all musts. $30K. AG LENDER - Rapidly growing community bank seeks indiv with 4 yr degree, 2 + yrs in bank lending and strength in ag lending. Credit/collections knowledge a plus. $25K. VICE PRESIDENT - Solid community bank near metro area seeks indiv with comm'l lending operations and invest ment bkgd. Elegible for #1 spot within next 3 yrs. $30-40K. TRUST OFFICER - Dynamic midwest bank is looking for a professional with strong trust history & business develop ment exp. JD, strong marketing. $30K. FOR FURTHER INFORMATION FOR THESE AND OTHER POSITIONS RESPOND IN CONFIDENCE TO: R. KURT ROSENCRANTS AT (515) 244-4414 i ROBERT H ALF ■*M 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 MM1 1M M 1 <M 1 ALL FEES COMPANY PAID POSITIONS AVAILABLE INSTALLMENT & COMMERCIAL LENDER • $28-30K. Prefer degree. Several years experience -will train in comm, lending. Omaha. AG LENDER - N.W. Iowa. 3-4 years - Degree. To $30K. Call or send resume to: AG LENDER for major eastern Iowa bank. Located in metro area. Candidate will work in rural office..................... ..................................................................... Salary to $30,000. TRUST OFFICER for $70 million Iowa bank. Prefer lawyer with two or more years experience in handling trusts and e s ta te s ........................................................... Salary $30,000. BRANCH MANAGER for bank located near major urban area. Requires 10 years experience. Prefer steady, wellrounded, ag-oriented banker with insurance licenses . . . . ......................................................................... Salary $30,000. Richard L. Beam GUMBERT EXECUTIVE EXCHANGE, INC. 11246 Davenport Street Omaha, NE 68154 Phone: 402/330-3260 - Member National Personnel Assoc. We’re Nationwide CASHIER for eastern Nebraska bank. Requires 3-5 years experience.......................................... Salary to $32,000. DON <ScHOOLER h: AG LENDERS for PCA, to serve as managers in excellent farming areas. Offices do not have major problem loans. Prefer college grads with 3 or more years experience and farm background. Gooddocumentation record is essential ......................................................................Salary to $30,000. AND C O ASSOCIATES "Successful Banking is Quality Personnel" If you would like to be informed of positions as they become available and if you are interested in chang ing your present position, send your resume or phone Don Schooler, 417-882-2265, 2508 East Meadow, Springfield, Missouri 65804. Information on you will be kept confidential until you are inter ested in a specific position. AG LENDER for northern Iowa bank. Prefer college grad with one or two years experience. Must know documenta tion ............................................................. Salary to $25,000. Write or call Malcolm Freeland orCy Kirk in care of Freeland Financial Service, Inc., 1010 Equitable Bldg., Des Moines, Iowa 50309. Phone 515/282-6462. Employer pays reasonable fee. Many other opportunities now available. IOWA NATIONAL BANK CURRENCY Eighteen years of banking serving as President of rural and metropolitan banks enables me to match you, technically and personally, with the right bank ing environment. POSITIONS CURRENTLY AVAILABLE Missouri, Iowa Oklahoma, Kansas, Arkansas, Illinois, and Nebraska COMMERCIAL LENDER, $150mm bank, $10,000 portfolio, middle market credits, excellent loca tion ................................................................$35,000 COMMERCIAL LENDER, $100mm + bank, solid commercial construction lending background, $10mm portfolio, work-out credits............ $40,000 PRESIDENT, in a top suburban location, strong business development and social background . . . .................... OPEN WITH OWNERSHIP EQUITIES COUNTRY BANK COMMERCIAL LENDER, $80mm, #3 man, 7,500+ population, southern Missouri, business development skills .. .$25,000 COUNTRY BANK, #2, Excellent town of 2,000, small bank, needs all around lending abilities . . . ........................................................................ $25,000 PRESIDENT COUNTRY BANK, $30mm + bank, ag oriented, work-out credits, population of 4,000 . . . ........................................................................ $45,000 PRESIDENT SUBURBAN BANK, $40mm , out standing growth potential, requiring a seasoned, stable, team builder administrator................. OPEN PRESIDENT COUNTRY BANK, near college, $20mm + , work-out and documentation expertise ........................................................................ $45,000 OPERATIONS HEAD, $30mm + , good college to w n ................................................................$25,000 COUNTRY BANK LENDER, $30mm + , 1,500 popu lation, strong ag background, strong banking or ganization ......................................................$30,000 WANTED FOR PERSONAL COLLECTION Other services include purchase or appraisal of coin/currency estates or collections. I also wish to document the survival of Iowa National currency not necessarily available for purchase at this time. DON MARK Box 1, Adel, IA 50003 * 515/270-8170 POSITIONS AVAILABLE REAL ESTATE OFFICER • manage dept, for $100MM bank located in college town. Experience with secondary mar ket operation a plus. $28K SECOND OFFICER - $35MM Agri-oriented bank. Minimum five yrs. Ag-Lending experience $35K SENIOR LENDER • supervise all lending divisions of $125MM community bank. Degree and experience in large bank desired. $45K COMMERCIAL LOAN - $75MM suburban bank affiliated with major holding company. Requires excellent docu mentation and analysis skills. $30K CEO • medium size Ag bank located in small northern Mis souri community. Previous administrative experience re quired. $40K Additional opportunities available in Midwestern States. TOM HAGAN & ASSOCIATES 2024 Swift - Box 12346 North Kansas City, MO 64116 816/474-6874 “Serving the Banking Industry Since 1970” Vol. 13 No. 41 Northwestern Banker Newsletter (USPS 873-300) is published weekly by the Northwestern Banker Company, 306 Fif teenth Street, Des Moines, Iowa 50309, (515) 244-8163. Subscriptions $1.00 per copy, $18.00 per year. Second class postage paid at Des Moines, Iowa. Address all mail subscriptions, changes of address (Form 3579), manuscripts, mail items to above address. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
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