Full text of The Northwestern Banker : January 9, 1967, No. 1012

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No. 1012

Des Moines, Iowa

January 9,1967

MINNESOTA NEWS
A

GRACEVILLE: M. L. Andrews and
Dr. R. G. Popoff have been elected
directors of The First State Bank,
it was announced by John A. Malmberg, president. Mr. Andrews is
cashier of the bank. Dr. Popoff
has practiced medicine here since
1962.
LYLE: C. R. Hansen, a State Sen
ator from Austin, has purchased the
Farmers State Bank from A. P. Gar
riate , chairman, and C. J. Gislason,
president, and Mrs. Gislason. Mr.
Hansen also owns the State Bank
of Rose Creek, of which he is pres
ident and managing officer.
MINNEAPOLIS: Joyce A. Swan, ex
ecutive vice president and publisher
of the Minneapolis Star and Tribune,
has been appointed a Class C
director of the Federal Reserve
Bank of Minneapolis and designated
as chairman and Federal Reserve
Agent of the bank for 1967. Robert
F. Leach, St. Paul attorney, was
reappointed deputy chairman of the
board for the year. Mr. Swan has
been a Class B director. An elec
tion to fill his unexpired term will
be held soon. John A. Moorhead,
president of Northwestern National
Bank, Minneapolis, was elected by
the Minneapolis Fed directors to

be a member of the Federal Advisory
Council for 1967.
MINNEAPOLIS: Gordon Murray, pres
ident, First National Bank, has an
nounced the promotion of several
officers and election of several new
ones. In the correspondent bank
division, S. R. Omlie has been
elected vice president; Edward L.
Kalafat has been advanced to as
sistant vice president, and Richard
L. Parnell is a new assistant cash
ier. Other promotions include: Joyce
S. Finrud to vice president, trust
department; Robert R. Helmerichs,
Dwight W. Anderson and Thomas E.
Leary to assistant vice presidents,
and Arthur C. Hopper, David A.
McChesney, P. James Sicora and
Duane M. Glad to assistant cashiers.
Robert B. Gillespie, Jr., was named
assistant secretary.
OWATONNA: At Security Bank and
Trust Company, Dave Robbins has
been appointed a commercial de
partment loaning officer and is
succeeded as manager of the install
ment loan department by Charles
Rousher. Ron Arndt has been ad
vanced in the installment loan de
partment to the position of inter
viewer.
ST. PAUL: A realignment of titles
to better designate job responsi
bilities has been announced at

American National Bank & Trust
Company by John F.Nash, president.
Two men designated assistant vice
presidents are GlenO. Olson, whose
additional title is director of adver
tising and public relations, and
J. T. Sample, Jr., whose title is
international banking officer. Carroll F. Erfdman and Robert J. Hall
were elected assistant cashiers.
Donald R. Rigsby was named install
ment credit officer.
ST. PAUL: John A. Marien has
been promoted to assistant vice
president at Stock Yards National
Bank, South St. Paul.

BULLETINS...
BUFFALO CENTER, IA.: W. D. Ley,
associated with his father, W. E.
Ley, both of Lakota, have purchased
controlling interest in the Farmers
Trust & Savings Bank, Buffalo Cen
ter, from E. E. Sapp, president. Mr.
Sapp has been with the bank 52
years and due to ill health is re
tiring from active management, but
will remain as chairman. Farmers
T&S has assets of $6 million and
maintains an office at Lakota.
ALLIANCE, NEBR.: LeRoy Abbott,
62, chairman of Guardian State
Bank, and head of the Abbott Com
pany which owns 10 banks in Neb(Continued on back page)

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IOWA NEWS
BOONE: Effective January 15,
LuVern Babbitt will succeed Everett
Brown as farm manager for the
Boone State Bank & Trust Co.
Mr. Brown will leave at that time
to join the correspondent bank
staff of the United States National
Bank of Omaha. Mr. Babbitt has
been with the bank 11 years.
CALMAR: Adrian Smith, cashier,
Iowa State Bank, has also been
elected a vice president of the
bank.
CEDAR RAPIDS: Fred W. Smith
retired from Merchants National
Bank January 1. Mr. Smith joined
the bank in 1919, spent the major
part of his career in the commercial
loan department as a vice president
and senior loan officer, and has
been vice chairman of the board
of directors the past three years.
He will continue as a director,

Member FDIC

retaining his residence at 305 Toma
hawk Trail, S.E., Cedar Rapids.
Merchants National also has
received approval of its application
to the Comptroller of the Currency
for a detached drive-in facility to
be located at 3401 Mt. Vernon Road,
S.E., and construction of the unit
is tentatively scheduled for late
spring.
COLUMBUS JUNCTION: Larry L.
Prior has joined the Columbus Junc
tion State Bank. Since graduating
from State University of Iowa in
1963 he has been with a Sioux City
CPA firm and successfully com
pleted his CPA exams last May.
DES MOINES: George Olmsted and
William L. Cobb have been elected
directors of Central National Bank
and Trust Co. Mr. Olmsted is chair
man and president of International
Bank and also heads Financial
General Corp., which has interests
in banking, insurance and industry.
International Bank late last month
completed purchase of 63.5% of
Central National’s stock. Mr. Cobb
is president of Financial General
Corp. Mr. Olmsted is a Des Moines
native and is chairman of the firm’ s
Hawkeye-Security Insurance Com
pany here. Mr. Cobb formerly was
president
of
Hawkeye-Security.
Central National President B. C.
Grangaard announced that Peyton H.
Houston of The Equity Corporation
and Milton F. Meissner of Bell Inter
continental Corp. have resigned
from the bank board.
DES MOINES: The Brenco Auto
mation Center operated by 10 Bren-

things are happening at CENTRAL NATIONAL...
things that mean even better service
to Iowa banks.

, ton banks in Des Moines and cen
tral Iowa will replace the central
computer, an IBM1440, with a newer
IBM 360, model 30. Also, the other
four Brenton banks at Vinton, Clar
ion, Eagle Grove and Emmetsburg
will begin daily processing o f their
accounts through the center, which
presently employs 13 persons. Truck
service provides pick up at each
bank daily with overnight proces
sing and delivery service of records
by the next morning. This will be
discontinued when data transmission
by telephone is installed at some
time in the future.
DES MOINES: George J. Buser,
former assistant secretary, Iowa
Bankers Association, has joined
Bank of Bellevue, Nebr. as vice
president. Placement was made by
Bankers Service Corp., Des Moines.
DES MOINES: Jay E. Tone, Jr.,
vice president and treasurer of
of Tone Brothers Coffee and Spices,
has been appointed volunteer state
chairman for the U.S. Savings Bonds
program in Iowa. He succeeds
Marvin Schmidt, director of legal
and public affairs for John Deere
and Co., Des Moines.
DES MOINES: The second semester
classes for Des Moines A.I.B. will
commence January 10. On that date,
classes will be held from 4 -7 p.m.
in Accounting II at Capital City
State Bank, Principles of Bank
Operations at Central National Bank
directors room, Supervision & Per
sonnel Administration at Central
National Bank lunch room. On
January 12 the course in Effective
English will be held 4 -7 p.m. at
Central National. Classes will con
tinue weekly during the semester.
Further information may be obtained
from Larry Welch, Iowa-Des Moines
National Bank.
FORT DODGE: Robert R. Kurtz,
president of Charles A . Brown, Inc.,
has been elected a director of The
State Bank, according to James H.
Redman, president. Mr. Kurtz has
been in the retail clothing business
since 1951.

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GARNER: Hancock County National
Bank has purchased property 132
feet by 196 feet across from the
new Post Office building for con-

YOUR STATE BANKERS ASSOCIATION
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DES MOINES, IOWA 50309

Staff Changes
Business Campaigns
Mergers, Consolidations
New Departments at the Bank
Remodeling or New Bdilding

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Call him "Earnest," if you like. Tom won't mind. He's proud to
belong to the earnest crew of correspondent bankers at
Commerce Trust. And he's proud that one bank in every nine
throughout the nation depend^ on Commerce Trust. If you
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with him soon.

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struction of a drive-in and parking
lot.
IOWA FALLS: Iowa Falls State
Bank and Citizens State Bank will
now be closed Saturdays, although
their motor bank facilities will be
open on Saturdays from 9 -1 2 .
IOWA FALLS: Bernice Christianson,
assistant cashier, Citizens State
Bank, retired January 1 after 30
years of service. Directors of the
bank presented her with a two-week
trip to Hawaii.

►

KEOKUK: Edward K. Johnstone, 77,
president of Keokuk Savings Bank
and Trust C o., died December 31.
Survivors are his widow, and his
son, Edward, who is executive vice
president of the bank.
MASON CITY: John M. Powell has
been advanced from assistant vice
president and trust officer to vice
president and trust officer. A gradu
ate of the University of Iowa law
school, he joined the bank in 1965
as head of the trust department.
OSKALOOSA: Russell S. Howard,
Jr., vice president of Mahaska State
Bank, has been elected president
of the Oskaloosa Chamber of Com
merce for 1967.

OSSIAN: V. O. Figge, president of
Ossian State Bank announced re
cently the promotion of Orville C.
Winger from cashier to vice pres
ident, and Mrs. Bernice Werner
from assistant cashier to cashier.
The new assistant cashier is Miss
Eleanor J. Linderbaum.
WALL LAKE: C.W. Shaw, executive
vice president of Wall Lake Savings

Bank, died December 29 at the age
of 83. Burial was December 31. He
had been with the bank 55 years.
He is survived by his widow, and
one son, Edward, of Wall Lake.
WAUKON: James G. Sneer, cashier,
Farmers & Merchants Savings Bank,
announces an increase in surplus of
$50,000 by transfer from undivided
profits. Capital and surplus now
are $100,000 each.
WILLIAMSBURG: O .E . Jones, pres
ident, Farmers Trust & Savings
Bank, reports that directors voted
to transfer $100,000 from undivided
profits to surplus, increasing the
surplus to $500,000.

NEBRASKA NEWS
BELLEVUE: George J. Buser,
former assistant secretary, Iowa
Bankers Association, has joined
Bank of Bellevue as vice president.
Placement was made by Bankers
Service Corporation, Des Moines.

for 20 years. He then was at Gering
National for a year before joining
National Bank of Commerce in
1944. He and his wife Evelyn plan
to make their home in Pomona,
Calif., where he will join the In
land Bank of Pomona.
OMAHA: Promotions announced by
the First National Bank of Omaha
executive committee include the
following: James L. Doody, admin
istrative assistant in installment
loan department, and RavH.Cordes
director of personnel, both elected
vice presidents; Curtis E. Gard,
comptroller, also elected a vice
president; Stanley E. Crowl to as
sistant trust officer.
OMAHA: Darrell D. Green has been
elected president of the newly
formed First Westroads Bank of
Omaha, 102nd & Dodge Sts. Mr.
Green presently is with Financial
Service Company, associated with

LINCOLN: Karl E. Dickinson has
been promoted from vice president
to executive vice president at Gate
way Bank. Stockholders of the bank
will be asked at their meeting
January 18 to approve an increase
in capitalization by issuance of
2,500 shares of stock to stock
holders of record that date for $55
per share.
LINCOLN: Rex Miller, well-known
vice president in the correspondent
bank division of National Bank of
Commerce, retired January 1 after
44 years as a Nebraska banker. He
started his career at the First Na
tional of Benedict, where he worked

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per. Registration starts at 5:30 p.m.
Feb. 16 at the Petroleum Club, fol
lowed by social hour and dinner.
Business sessions run from 9 a.m.
to 4 p.m. the following day at
Ramada Inn. Social hour and dinner
will be held at 6:30 p.m. Feb. 17
at the Casper Country Club.
CASPER: In the December issue of
it was an
nounced that Thomas F.Stroockhad
been elected a director of Security
Bank and Trust Co. to fill the
vacancy created by the death of
H. P. Nagel. This was an error,
since Mr. Stroock succeeds the late
Robert J. Murphy. Mr. Nagel, chair
man of the board, reports to the
Northwestern Banker “ I am well
and happy.”

BULLETINS...

tockyards national bank

______________ M em ber

F.D.l.C._________ .

John R. Lauritzen, who was re
cently advanced to president of
Omaha. Mr. Green has announced
the appointment of Ralph E. Peter
son as executive vice president of
the new bank. Mr. Peterson has been
a vice president in First National’ s
correspondent bank department.
OMAHA: Retiring under U. S. Na
tional Bank’ s retirement and pen
sion plan at year-end were Ralph F .
Miller, chief clerk in the trust
department, and Mrs. Helen B.
Kastan, switchboard operator. Mr.
Miller has been in the trust depart
ment 23 of his 38 years with the
bank. Mrs. Kastan has been with
the bank since May, 1948.
Everett P. Brown will join the
correspondent bank staff of U. S.
National after January 15. He has
been farm department manager for
Boone State Bank and Trust Co.,
Boone, Iowa.

WYOMING NEWS
CASPER: The 13th Annual Wyoming
Bankers Association Credit Confer
ence will be held February 16-17,
according to Thomas M. Hockaday,
chairman for the meeting and pres
ident, Hilltop National Bank, Cas-

NORTH DAKOTA NEWS
ALEXANDER: A paying and receiv
ing station of the First International
Bank of Watford City opened here
last month. Alfred B. Melby will
be manager. A new building will be
constructed in the spring.
LEHR: The new Central Dakota
Bank is expected to open for busi
ness this week.
MINOT: Eldon Seelig has been
named a vice president of American
State Bank. Gary Nutz, auditor, has
also been elected assistant cash
ier, and Bruce Parks also has been
elected assistant cashier.

COLORADO NEWS
DENVER: Central Bank and Trust
Company has elevated Charles A.
Drummond, Haskell H. Croy and
Darlton G. Hobson to assistant
cashiers.
DENVER: Ralph J. Blakely has
been elected an assistant vice
president of the University Hills
Bank.

Northwestern Banker,

(Continued from front page)
raska and one in South Dakota,
died suddenly of a heart attack
New Year’s Day while aboard the
Gripsholm with his family on a
holiday cruise in the Caribbean
Sea. The ship docked in New York
Jan. 4 and funeral services were
held later in Alliance. With him
was his wife, Eugenia, and his two
sons, LeRoy, Jr., and Jim, and
LeRoy, Jr.’ s wife.

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Full text of The Northwestern Banker : January 9, 1967, No. 1012

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