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Vol. 11 No. 41 Des Moines, Iowa January 31,1983 Legislatures Study Bank Issues HUMOROUS sign that hangs in many offices reads: “ No man’s life, liberty or property are safe while the legislature is in ses sion!” W hile the Congress has been get ting its share o f the lim elight in re cent days, im portant events also have been taking place in some of the state legislatures. Here is a brief report on some in the midwest: Nebraska—The biggest news broke M onday, January 24 when the First National Bank o f Omaha stunned in dependent bankers with its tes tim ony before the banking com m it tee that it would not oppose LB58. That bill would make multi bank holding companies perm issible in Nebraska and would add three full service facilities to those now authorized. W hile the other four large banks in Omaha and Lincoln had favored M BHC legislation in previous years, First National had remained aligned with the Nebraska Independent Bankers Association. A s recently as January 10, the bank co-sponsored with N IB A a legisla tive dinner. The bank’s spokesman, Dennis O’Neal, vice president, acknowledged that “ Politically, times have changed... we are gra d u a lly lo sin g th is fight...being realists, we feel we must also tu m ...It is time for a change - a change which com es reluc tantly. LB58 represents a com pro A m ise...with which neither side is ful ly satisfied. The First National Bank will not oppose LB58 as amended.” In response to a direct question asking if that meant the bank would support passage o f the bill, Mr. O’Neal said “ Y es.” The banking com m ittee advanced the bill to the floor on a 5-3 vote. The N IB A is joined in its opposition to the bill by the Farm Bureau Federa tion, the Farmers Union Organiza tion and Nebraska State Grange, ac cording to the N IBA . Iowa—The Iowa Bankers A ssocia tion supports HF67 which rein states the authorization to charge two points on m ortgages. That was inadvertently returned to its former status when the bill was amended last year, which restricts banks to adding a 1 point charge only after the first $12,500. The bill has passed the House already and is in the Senate commerce committee. Legislative leaders have told Iowa banks, S&Ls, credit unions and holding companies to get together, review proposed legislation and list those areas where they agree and report back. That m eeting was to be held January 28, with a meeting scheduled for February 7 with the banking subcommittee. Minnesota—The M innesota Bank ers A ssociation opposes SF4, which would, in effect, im pose a mora torium on real estate foreclosure ac tions, espcially those regarding farming enterprises. The M B A is concerned because the bill destroys real estate as collateral. It would have the effect o f drying up credit where real estate is used as col lateral. Another bill being con sidered, but not adopted as o f last week, would apply the same effect to all real estate m ortgages. The M B A also is concerned about proposed legislation that would reorganize the Department o f Com merce, which consists o f securities, banking and insurance. The M B A ’s concern is that the bill, as discussed would weaken the regulatory effec tiveness o f the banking department. The bill has not yet been introduced. Montana—Bob Reiquam, immediate past president o f the Montana Bankers Association and president o f First Bank Great Falls, spoke for the M B A when he said the associa/ tion supports G ov. Schwinden’s “ Build Montana Program .” How ever, he said, the bankers are con cerned about the legality o f certain investm ents and about loaning state funds to start new businesses. He said repayment ability and suffi cient cash flow necessary for a suc cessful business are ignored by In itiative 95. The Illinois legislature had ju st come out o f the starting blocks last week. South Dakota and North Da kota have not yet reported any ma jo r banking legislation being con sidered. □ C A L L ON TH E “P ER FO R M AN CE TE A M ” where comm on transactions are handled uncomm only well. FIRST N A T IO N A L L IN C O LN 13th & M Street https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Lincoln, Nebraska 68501 • Member, F.D.I.C. 2 Bemie Kersey IOWA Teamwork: One of the reasons we’re first in Iowa. nesMoines M * N ATIO N AL BA N K SERVING PROFESSIONALLY Banking, Financial & Business Personnel Iowa and Nationwide CAPITAL PERSONNEL SERVICE 714 U.C.B. Building, 515-283-2545 Des Moines, Iowa 50309 Jan Townsend Collections An Affiliate of Northwest Bancorporation Member FD1C Iowa News AM ES: University Bank and Trust Company has prom oted W ayne W il son to senior vice president and trust officer and Letitia Harder to operations officer. In addition, Jose phine Knudson, widow o f the bank’s former chairman and CEO, was elec ted to the board o f directors. CORYDON: John Brewer, president o f Citizens State Bank, has an nounced the follow ing prom otions: Dennis Thomas, vice president; Sal ly Collings and Charles Schumacher, assistant vice president; Harold Kel ly, auditor; Banetah Street, assis tant cashier, and Kathy Warren, executive secretary to replace Phyllis Moser who retired after 17 years with the bank. DUBUQUE: Three new directors were elected to the board o f American Trust and Savings Bank last week. They are: Douglas H. B usw ell, p residen t, In tersta te Power Co.; Leo F. Kane, executive vice president, and Leo J. Meier, senior vice president and secretarytrust department, both o f the bank staff. DURANT: Ted T. Ketelsen, senior vice president and manager o f the New Liberty office, was honored Banco Call (515) 245-3131 or toll-free (800) 362-2514 with an open house recently on the occasion o f his 40th anniversary with the bank. M ILFORD: S.I. Russell, 82, who began his banking career in Nebras ka in 1917 and served as president of Dickinson County Savings Bank from 1937 to 1973, died January 13. SIOUX CENTER: Stanley W. Speer, who joined First National Bank in 1977, has been prom oted to vice president at the bank. SIOU X CITY: Loren P. “ Larry” Miller, form erly vice president of planning and product development for First National Bank, has joined the First National Bank and Trust Company o f Ada, Okla., as senior vice president o f operations. SIOU X CITY: The February meet ing of the Northwest Iowa Group of NABW will be held in conjunction with the Iowa Bankers Group 1 meeting February 12 at the Marina Inn, South Sioux City. Marie W ilson o f the IB A staff will moderate a pro gram featuring Roger McKelhps, president, State Bank o f Alcester, S.D.; James O’Kane, Iowa legis lator, Sioux City, and Suzanne 0 ‘Dey-Schenkens, lobbyist, Des Moines. Recipe for success.. .V Nebraska News BEA VER CITY: A fter 26 years of service as cashier, Kenneth C. M c Clelland has retired from the First State Bank. He will be succeeded by Meredith K. W illiams, who joined the bank in 1982. RISIN G CITY: Allen Laird has been prom oted from vice president to senior vice president by the Farmers State Bank. He has been associated with the bank since 1976. SCOTTSBLUFF: Ivan C. Troy, sen ior vice president o f the First State Bank, has retired after 32 years with the bank. He and his wife, Faye, plan to continue to make their home in Scottsbluff. Minnesota News CAN BY: Howard W . Reiter, presi dent, National Bank o f Canby, has announced the prom otion o f Frank Osowski to executive vice president. John Hansen, cashier, was also named assistant vice president. DULUTH: Richard W illiams has been prom oted to executive vice president o f First National Bank of Duluth, according to bank president Dennis W . Dunne. Mr. W illiams, who has been associated with the bank for 25 years, will continue in his position as regional vice pres ident-human resources for North west Bancorporation. D on't g a m b le w h e n choosing o correspondent bonk. C o m e to the professionals. OF DES MOINES, N A ■ MEMBER FDIC ■ (S1S) 24S-7111 AFFILIATED WITH UNITED CENTRAL BANCSHARES, INC. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis TOLL FREE NUMBER (800) 362-1615 Supplement to Northwestern Banker Newsletter 1-31-83 H ow can you be sure you're getting your money's worth? Today, it’s important to be very selective about your bond portfolio investments. A lot of your assets are involved. And we’re dealing in a tough financial world. ' United Missouri Bank can make sure you’re investing in high quality securities. We offer exactly what you want. And, if you’d like, we’ll make specific recommendations. Always, with the emphasis on quality. We have a tradition k i of excellence and an outstanding track record for providing sound bond portfolio services. Very important in this uncertain economy. While some banks fj^see today’s market condition as a problem, we see it as an opportunity. To get you your money’s worth. W e’re the Bond Department at United Missouri Bank. Call or write us today. W e’ll hold your investment information in the strictest confidence. Investment Banking Division U N ITE D M ISSOURI B A N K of Kansas C ity n.a. Member FDIC United we grow.Together. 10th and Grand, P.O. Box 226, Kansas City, Missouri 64141 • (816) 556-7200 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Municipal_______________________________________________________ Average Cost of Funds (% ) Interest Rate 6.00 6.50 7.00 7.50 8.00 8.50 9.00 9.50 10.00 10.50 11.00 4.00 .50 5.00 .50 6.00 .50 7.00 .50 8.00 .50 9.00 .50 10.00 .50 11.00 3.586 4.086 4.586 5.086 5.586 6.086 6.586 7.086 7.586 8.086 8.586 9.086 9.586 10.086 10.586 3.552 4.052 4.552 5.052 5.552 6.052 6.552 7.052 7.552 8.052 8.552 9.052 9.552 10.052 10.552 3.517 4.017 4.517 5.017 5.517 6.017 6.517 7.017 7.517 8.017 8.517 9.017 9.517 10.017 10.517 3.483 3.983 4.483 4.983 5.483 5.983 6.483 6.983 7.483 7.983 8.483 8.983 9.483 9.983 10.483 3.448 3.948 4.448 4.948 5.448 5.948 6.448 6.948 7.448 7.948 8.448 8.948 9.448 9.948 10.448 3.414 3.914 4.414 4.914 5.414 5.914 6.414 6.914 7.414 7.914 8.414 8.914 9.414 9.914 10.414 3.379 3.879 4.379 4.879 5.379 5.879 6.379 6.879 7.379 7.879 8.379 8.879 9.379 9.879 10.379 3.345 3.845 4.345 4.845 5.345 5.845 6.345 6.845 7.345 7.845 8.345 8.845 9.345 9.845 10.345 3.310 3.810 4.310 4.810 5.310 5.810 6.310 6.810 7.310 7.810 8.310 8.810 9.310 9.810 10.310 3.276 3.776 4.276 4.776 5.276 5.776 6.276 6.776 7.276 7.776 8.276 8.776 9.276 9.776 10.276 3.241 3.741 4.241 4.741 5.241 5.741 6.241 6.741 7.241 7.741 8.241 8.741 9.241 9.741 10.241 Interest Rate 6.00 6.50 7.00 7.50 8.00 8.50 9.00 9.50 10.00 10.50 11.00 4.00 .50 5.00 .50 6.00 .50 7.00 .50 8.00 .50 9.00 .50 10.00 .50 11.00 6.641 7.567 8.493 9.419 10.345 11.271 12.197 13.123 14.049 14.975 15.901 16.827 17.753 18.679 19.605 6.578 7.504 8.430 9.356 10.282 11.208 12.134 13.060 13.986 14.912 15.838 16.764 17.690 18.616 19.542 6.513 7.439 8.365 9.291 10.217 11.143 12.069 12.995 13.921 14.847 15.773 16.699 17.625 18.551 19.477 6.451 7.377 8.303 9.229 10.155 11.081 12.007 12.933 13.859 14.785 15.711 16.637 17.563 18.489 19.415 6.386 7.312 8.238 9.164 10.090 11.016 11.942 12.868 13.794 14.720 15.646 16.572 17.498 18.424 19.350 6.323 7.249 8.175 9.101 10.027 10.953 11.879 12.805 13.731 14.657 15.583 16.509 17.435 18.361 19.287 6.258 7.184 8.110 9.036 9.962 10.888 11.814 12.740 13.666 14.592 15.518 16.444 17.370 18.296 19.222 6.195 7.121 8.047 8.973 9.899 10.825 11.751 12.677 13.603 14.529 15.455 16.381 17.307 18.233 19.159 6.130 7.056 7.982 8.908 9.834 10.760 11.686 12.612 13.538 14.464 15.390 16.316 17.242 18.168 19.094 6.067 6.993 7.919 8.845 9.771 10.697 11.623 12.549 13.475 14.401 15.327 16.253 17.179 18.105 19.031 6.002 6.928 7.854 8.780 9.706 10.632 11.558 12.484 13.410 14.336 15.262 16.188 17.114 18.040 18.966 Any representation as to yield, where the price on bonds is less than par value, refers to gross yield and does not reflect the effect of any applicable tax on capital gains. Statements herein contained are based upon information furnished us from official or other sources. While we do not guarantee their correctness, we believe them to be reliable and have ourselves relied upon them. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Supplement to Northwestern Banker Newsletter 1-31-83 Municipal___________________________________________________ Taxable Equivalent Yields https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3 Bank o f Springfield in 1974 and became president and CEO in 1982. Firstbank is the holding company for First National Bank o f Springfield. Increasing Bank Deposits Through... k e it h w e ig e l IRA’s...Keoghs...Pension Plans Serving Banks in Iowa and Minnesota North Dakota News BOTTIN EAU : A.S. Benson has re signed as a director o f First Na tional Bank and Trust Co., following his recent election as judge o f the newly-created tri-county judicial district o f Rolette, Bottineau and Renville counties. He had been a director o f the bank since 1974 and was instrumented in establishing a fully qualified trust department at the bank and in the establishment of stations at W illow City and Upham. INDEPENDENT SERVICE COM PANY P.O. Box 171 • Albert Lea, MN 56007 507/373-8216 M ANKATO: John C. Roise has been named executive vice president and Dr. Margaret Preska has been named to the board o f directors at North western National Bank. Dr. Preska is president o f Mankato State Uni versity. Mr. Roise joined the Man kato bank in 1978. GRAN D FORKS: First National Bank has prom oted Paul Stenseth vice president and trust investment officer and D oug Green vice presi dent and trust officer. Beverly Lang ley and Randy Newman have been advanced to vice president, commer cial department. Kris McConn has been prom oted to assistant vice president and commercial loan of ficer, and Jenny D ick has been ad vanced to assistant vice president and operations officer. ROCKFORD: The Rockford State Bank has elected Steven J. W eisz as executive vice president and CEO. Mr. W eisz was form erly president of the First National Bank in Buhl, Minn. Illinois News ERIE: Leo Païen, president, Erie State Bank, announces the prom o tions o f Douglas R. W herry to ex ecutive vice president and M elvin L. Nelson to vice president and cashier. PEO RIA: John W. Busey, presi dent, Madison Park Bank, announ ces the prom otions o f Fred K. M oore to senior vice president, continuing as head o f the lending division; W ayne R. M etz to vice president and cashier, and Donald Fensterman to assistant vice president, in stallment lending. SPRIN GFIELD: John E. Brubaker, 42, has been elected president and CEO o f Firstbank o f Illinois Co. Mr. Brubaker joined First National GRAND FORKS: Community Na tional Bank has prom oted the fol lowing: Dennis D. Douville, ex ecutive vice president/cashier; Dave Putbrese, vice president o f commer cial loans; Janet Elshaug, assistant vice president o f new accounts/ customer service; John Ouradnik, assistant vice president o f operations/data processing; Don Ander son, assistant cashier o f marketing, and Jay W eingarten and Maurice Brule, loan officers. Montana News BOZEM AN: Darrell L. Berger, for merly vice president o f Commercial Savings Scottsbluff, Inc., Scottsbluff, Neb., has joined First Na tional Bank o f Bozeman as a com- ASK TE R R Y M A R TIN to make M NB work for you. Toll free 1- 800- 332-5991 Merchants dfifa National Bank IS I Member F.D.I.C. A BANKS OF IOWA’ BANK mercial loan officer. And Randy Smith, who joined First Bank Sys tem in 1978 as an ag lender with First Bank Havre, joins the Boze man bank as vice president and assistant manager o f commercial loans. H ELEN A: Russell K. Smith, cash ier, and Rose M elton, specialized service teller, will retire from First Bank Helena after 33 and 31 years respective service, according to Earl Johnson, president. M ILES CITY: First National Bank in Miles City has prom oted Robert J. Gersack to senior vice president, W ayne M. Hirsch to vice president, Janet K. Mullen to assistant vice president and Michael E. Jam ison to agricultural representative. YAKE, MESSINA AND LASSITER G e ttin g it d o n e f o r y o u . ^ # E rnie Yake Jo h n M essina Jan Lassiter 234-2483 234-2486 z234-2481 jf z to i Commerce Bank of Kansas city https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis MEMBER FDIC Tolonhnno T elephone (816) 234-2000 V Ag Banking People Specialists FOR LEASE PORTABLE DRIVE-UP UN IT— 8 'x 12', complete. Good airconditioning and heat. Available now. Contact Drommer Leasing, 401 Queens Court, Sioux City, Iowa 51104. Phone 712/239-2315. (FL) Hire Better...Faster...Easier! Call without cost or obligaion to find out who is available. Confidential. Employers have been paying us to find the people they need since 1968. Phone our banking specialist: Linda at 515/394-5827 or Jeannie at 515/263-9598 (If no answer 712/779-3567) New Hampton, IA 50659 or Massena, IA 50853 POSITION AVAILABLE OPERATIONS O FFICER — Immediate opening as a cashier of $14 million southern Minnesota bank. 3-5 years bank operations experience necessary. Good background in ac counting, micro-computers, and farming are important. Reply to file SBR, c/o Northwestern Banker. (PA) SENIOR O FFICER — Progressive $50 million central Iowa independent bank has an opening for experienced second person. Applicant must have 7-10 years operations, ag, and commercial loan background. Salary compensated with ex perience. Write file SBQ, c/o Northwestern Banker. (PA) ■ n a t io n w id e aqnCAREERS, INC. Strong, aggressive Agricultural Lender needed for $35 mil lion bank within 35 miles of Des Moines. Must have sea soned experience in cash flow and analysis, direct farm call ing, & work-out loans. Opportunity to be 2nd officer within 1-2 years. Salary commensurate to experience. Send resume & salary history to file RBN, c/o Northwestern Banker. (PA) THE ORIGINAL AGRICULTURAL RECRUITER POSITIONS AVAILABLE President for eastern Iowa community ba nk .. Salary Open Loan Review Specialist for Illinois banking group, located in northern Illinois...................................... Salary to $40,000 Audltor/Loan Review person for $150 million midwest ba n k ...............................................................Salary to $28,000 Ag Representative for central Iowa bank. Requires two or more years experience..............................Salary to $28,000 Commercial Lender for southeast Iowa bank. Requires three years experience............................. Salary to $38,000 Operatlons/Cashler position in northwest Iowa community ba n k ............................................................... Salary to $28,000 Ag Lending/lnsurance position in northwest Iowa bank near Lakes a re a.....................................................Salary open Ag Representative for northwest Iowa. Requires a min imum of one year’s experience..................... Salary $22,000 Number Tw o Person for southeast Iowa community bank. Operations experience required....................Salary $27,000 Ag Representative for bank in major Iowa college town . . . ..................................................................................Salary open Operations position for North Dakota bank... located in great hunting and fishing a re a ..................... Salary $22,000 Ag Lender position for bank near Des Moines. Some knowledge of operations a p lu s ................... Salary $25,000 COLORADO AG LOAN O FFICER — Minimum two years banking exper ience required. Ag degree a plus. $60 million central Iowa bank. Send resume to file RBR, c/o Northwestern Banker. ____________________________________________________(PA) MIDWINTER MANAGEMENT CONFERENCE We have many other positions open at present, so if you want to move up and further your career at this time, write of call Malcolm Freeland, Freeland Financial Service, Inc., 1032 Carriers Bldg., Des Moines, Iowa 50309. Phone 515/282-6462. Employer pays fee. if you’re interested in arriving early or staying late, call me Toll Free: OFFICER POSITION in northwestern Iowa. Minimum 3-5 years experience necessary. Insurance operations & loans. Contact Stanley O. Nervig, Vice President, Farmers State Bank, Marcus, Iowa 51035. Phone 712/376-4154. (PA) DWAYNE SMITH Phone 1-800/922-2590 Paradise Properties, Box S Dllllon, CO 80435 AG DEPARTM ENT— Immediate opening for agricultural loan officer (or trainee) with a minimum of 3 years bank ex perience. Potential for advancement. Good compensation and fringe benefits. Growing independent bank ($29 million) in central Minnesota town of 1,000. Send resume to file SBB, c/o Northwestern Banker. (PA) REDUCED RATES FOR SALE OR ASSUME LEASE AG LOAN O FFICER — $50 million central Iowa bank. Three years banking experience required. Ag degree desirable, but not absolutely necessary. Send resume to file SBD, c/o Northwestern Banker. (PA) Walk dow n the tellers line this m orn ing. Are you proud o f their appear ance? If not, call us and find out how only $ 1 .0 0 per day per teller will help. NCR 9020 Banker 80 Software 4 - 7900 C R T s 1 - 6420 Band Printer MeAj/ioekk--^ Contact: Treasure State Bank Box 511 Glasgow, M T 50320 Phone 406/228-4364 CAREER APPAREL N. M ain St., Carroll, la ., 51401 712-792-2748 | (FSorL) _ #3 LOAN O FFICER — $21 million north central Iowa bank. Prefer some experience. Send minimum salary require ment with resume to file SBH, c/o Northwestern Banker. _______________________________________________________ (PA) SENIOR LOAN O FFICER — Immediate opening for an am bitious experienced person interested in an outstanding opportunity. Prefer strong Agricultural experience with farm background and ag degree. Excellent compensation and fringe benefits. Mostly dairying, and in a beautiful resort area. Contact R.E. Gandrud, Pope County State Bank, Glenwood, Minnesota 56334. Phone (612) 634-4545. (PA) AUDITO R — CPA with 2 years experience. Data processing background would be helpful. $250 million bank in NE Iowa. Send resume to file SBI, c/o Northwestern Banker. (PA) LOAN O FFICER for $18 million bank in north-central Il linois. Manage loan portfolio. 3-5 years experience need ed. Send resume to file SBJ, c/o Northwestern Banker. (PA) VP/OPERATIONS O FFICER — $30 millón bank in rapidly growing area of Kansas City Is seeking an experienced in dividual as part of senior management team. Attractive sal ary. Send resume to file SBK, c/o Northwestern Banker. (PA) AG LOAN OFFICER needed in a $17 million east-central Nebraska bank. Prefer farm background with a degree and Insurance licenses. Salary open. Send resume to file SBL, c/o Northwestern Banker. (PA) 4-5 years experience in AG LENDING to head up depart ment in mid-sized central Iowa bank. Ag degree preferred. W rite file SBM , c/o Northw estern Banker.(PA) COM M ERCIAL LENDING OFFICER -Progressive $33 million southeastern Nebraska bank has an opening for ex perienced commercial loan officer. Salary commensurate with experience. Write file SBG, c/o Northwestern Banker. ____________________________________________________ (PA) Mid-sized national bank in northwest Iowa is seeking an experienced BANK AUDITOR to head auditing depart ment. Applicant must have 3-5 years bank auditing ex perience. CPA or CBA a plus. All replies confidential. Send resume to file SBS, c/o Northwestern Banker._________(PA) IN STALLM ENT LOAN O FFICER — Experience necessary, preferably bank. Desirable central Iowa location. Write file SBP, c/o Northwestern Banker. (PA) O FFICE M ANAGER— two to four years loan experience necessary. Ag background and bank experience preferred. Excellent opportunity for self-starter. Send resume to Robert E. Chittenden, President, Farmers Savings Bank, Box 670, MftcheNville, Iowa 50169. (PA) SENIOR OPERATIONS OFFICER A CASHIER needed for $75 million bank in South Dakota. Position reports to President. Write file SBN, c/o Northwestern Banker. (PA) EXECUTIVE BANK RECRUITING FOR SALE We’ll prove that we’re the right search firm for you...Time and time again. BOARD ROOM TA B LE AND CHAIRS— 10' walnut drop edge table with a laminated inlay in excellent condition. 8 Board Chairs, good condition. A. McClure, 1st Nat’l. Bank, West Point, NE 68788. Phone 402/372-2488. (FS) BANK PLACEM ENT SPECIALISTS (Our 34th year) Call experienced professionals to locate the right candidate for your vacancy ... or the right “ move-up” for yourself. CORPORATE RECRUITERS MIDWEST BANKING DIVISION 202 S. 71 st Street 402/393-5515 Omaha, Nebraska 68132 POSITIONS AVAILABLE PRESIDENT— for a bank affiliated leasing com pany dealing with all types of equipment. Person must have strong credit skills and outstanding sales track record. $40,000-$60,000 + bonus. VP/AG DEPARTM ENT H EAD — $45 million dynam ic Iowa bank. New position, requires 5 years ex perience in ag lending with emphasis on business development. $35,000 +. VP/CORPORATE TR U S T— $300 million Iowa bank. 3-5 years experience in administration, tax report ing, investments and business development. De gree required, J.D. is a plus. $35,000 + . All positions-fee package. Contact: paid. Excellent relocation Phyllis Lynch GUM BERT EXECUTIVE EXCHANGE 11246 Davenport Omaha, Nebraska 68154 Phone: 402/330-3260 Q 1 | JL a J R.E.B. & Associates Executive Search Consultants 13425 A. Street, Omaha, Nebraska 68144 Phone: 402/333-8248 POSITIONS AVAILABLE CEO — $40MM community bank affiliated with holding company. Requires solid commercial loan background and excellent interpersonal skills. Challenging and rewarding opportunity for aggressive and profit oriented banker. $ Open BRANCH LENDER— handle installment, real estate and some commercial credits for facility of Missouri resort area bank. $20,000 COMMERCIAL LENDER— opportunity to manage loan portfolio in $75MM suburban bank. Prefer degree and experience in similar size bank. $38,000 AGRI-LOAN— serve as senior officer in $15MM rural bank. Degree in Ag desired. $26,000 PRESIDENT— small rural bank with majority of credits in cattle and feeder lots. Some background in operations re quired. $33,000 OPERATIONS— second position in $35MM community bank. Handle internal operations, budgets, reports and asset-liability management. Accounting degree preferred. $28,000 Sample listing of current openings. For consideration, for ward salary requirements and resume.' All inquiries strictly confidential. TOM HAGAN & ASSOCIATES of Kansas City (PA) 2024 Swift - Box 12346 North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry Since 1970” Vol. 11 No. 41 Northwestern Banker Newsletter (USPS 873-300) is published weekly by the Northwestern Banker Company, 306 Fifteenth Street, Des Moines, Iowa 50309, (515) 244-8163. Subscriptions $1.00 per copy, $18.00 per year. Second class postage paid at Des Moines, Iowa. Address all mail subscriptions, changes of address (Form 3579), manuscripts, mail items to above address. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
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