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• Vol. 14 No. 11 July 1,1985 Des Moines, Iowa Bank Bill Faces Rules Committee FTER the full House Banking Committee approved H. R. 20 (banking bill) by a 31-18 vote on June 12, the bill headed for the Rules Committee on its route to the full House for floor debate. How ever, the Rules Committee stop is a crucial one because its chairman is Rep. Claude Pepper, who had al ready taken time on June 4 to write a letter to Rep. Fernand J. St Ger main, chairman o f the House Com m ittee on Banking, Finance and Ur ban Affairs, telling Chairman St Germain, “ I want you to know o f m y opposition to any trigger provi sion.” The controversial bill allows for regional banking, but includes a “ trigger” clause that says any states which adopt such a regional pact (now legally affirm ed by a re cent Supreme Court decision), must open their borders to nationwide banking after five years. Individual states could opt out o f such a pact within five years; however, if they had allowed an outside entrant into the state in that five years, they would have surrendered their right to withdraw from a regional pact. The bill also closes the nonbank bank loophole, but sets a M ay 9, 1984, grandfather clause, as oppos ed to the July 1, 1983, grandfather date agreed upon late last year by Chairman St Germain and Senate A Banking Committee Chairman Jake Gam (R., Utah). The Rules Committee usually takes up bills on Tuesdays, but be cause o f Rep. Pepper’s strong oppo sition to the trigger, there was no way to determine what m ight hap pen at this point, according to experienced W ashington observers. Mr. Pepper’s strong feelings are evi denced in his June 4 letter to Chair man St Germain which said: Dear Mr. Chairman: It is m y belief that Congress has at numer ous times in the past fifty years reaffirmed its position prohibiting the creation o f inter state banking without specific state authori zation. Recently, the 11th Circuit Court o f Appeals confirmed this congressional intent. This Wednesday you will mark up legisla tion deeding with regional and interstate banking. During your deliberations you will consider whether or not there should be a na tional trigger leading to nationwide inter state hanking. I want you to know o f my op position to any trigger provision. In my opi nion, regional banks will be more sensitive to the credit needs o f its residents and busi nesses. Full interstate banking could cause the outflow o f capital in various states and localities resulting in a reduction o f economic growth. Please vote against a national trigger for interstate banking. Continue to allow the states to determine if in their best interest interstate banking is advantageous to its citizens. With warm regards, Always sincerely, (signed) Claude Pepper Member o f Congress The intensity o f lobbying on the bill was stepped up after it made its way from the House Banking Sub com m ittee on June 5 to the full House Banking Committee where it finally won the 31-18 approval noted above. A B A President James Cairns and other A B A representatives con tinued to testify before various House and Senate com m ittees at that time that the trigger for inter state banking was linked with clos ing the nonbank bank loophole and expanded p rod u ct and service powers for banks. The trigger had been the subject o f lengthy debate at the last A B A Leadership Confer ence and gained only a 55-45 m ajori ty, far less than the high m ajority position previously used by A B A as a consensus benchmark. While A B A representatives were pursuing their tenuous 55-45 posi tion in Congress, the Independent Bankers Association o f America mounted an all-out attack with a June 14 “ Urgent A ction A lert” to all IB A A members, asking them to contact members o f the Rules Com m ittee in their home states and/or their home area Congressman to vote no on the trigger measure. On the Senate side, Sen. Jake Gam said such a bill would be unac ceptable to his Banking Committee and indicated it would not be consi dered if adopted by the House. □ ASK JERRY TRUDO to make MNB work for you. Toll free: 1-800-332-5991 hants National Bank lem ber F.D.I.C. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis i s i A BANKS OF IOWA' BANK 2 Norwest Bank Des Moines, N.A. Call (515) 245-3131 or toll-free (800) 362-2514 NORMEST BANKS mmmmm a m y mm Member FDIC Teamwork: one of the reasons we’re first in Iowa. Mark Conway Iowa News COUNCIL BLUFFS: Jerry Jares has been prom oted to vice president o f First National Bank o f Council Bluffs. He currently is manager of the commercial, agriculture and resi dential real estate departments. DES M OINES: David N. Walthall, presiden t o f H aw keye—C apital Bank & Trust and senior vice presi dent o f Hawkeye Bancorporation, has been named vice president o f Heritage Communications Inc. and president o f Communications Pro ducts Group, which is com prised o f sev era l H e rita g e su b sid ia rie s located in Ohio, Indiana, Florida, Minnesota, M issouri and Texas. Mr. W althall, who will join Heritage on August 1, has been with Hawkeye since 1982. K N OXVILLE: Richard E. Magnuson has been prom oted to vice presi dent o f Community National Bank & Trust Co. Mr. Magnuson joined the bank as assistant vice president last November, working primarily in ag lending. Previously, he had been employed by Columbus PCA office in Osceola, Neb. as branch manager. Dorothea Wolfe URBAN A : Urbana Savings Bank was closed Friday, June 21, by Superintendent o f Banking Thomas Huston. The Urbana bank and its of fices in Brandon and Shellsburg were reopened last M onday as branches o f Peoples Bank and Trust Co. o f Cedar Rapids. The 84-year old Urbana bank’s failure was blamed on “ excessive loan losses” and the inability of management to sell the institution or find new money to sta bilize its condition. People’s Bank will pay the FDIC a purchase pre mium o f $202,101 and will assume approxim ately $6.4 million in 4,700 deposit accounts. It will also buy the failed bank’s installment loans, real estate loans and certain other assets for $4 million. The FDIC will ad vance $2.2 million and will retain assets o f the failed bank with a book value o f about $3.1 million. in the management o f both institu tions. LINCOLN: Gateway Bank and Trust has elected Eames Irvin as senior vice president and trust offi cer. Mr. Irvin, previously with Citi zens State Bank, will have management responsibilities for the bank’s trust and investm ent departments. O M AH A: Omaha National recently named three new vice presidents: John Todd Hall, Miles Havekost and Roger Lewis. Mr. Hall was named a second vice president in 1979 and currently is manager of personal banking and teller operations at the main bank. Mr. Havekost currently serves as manager of corporate and financial operations in the operations division. Mr. Lewis m ost recently was appointed a second vice president in 1980. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis _ ® — 9 ^ w Minnesota News The M idwest Banking Institute, now in its 19th year, will be held July 21-26 at the University o f Minne sota, Morris. Sponsored by the Min nesota, Montana, North Dakota, South Dakota and W isconsin Bank ers Associations, the institute provides an opportunity for manage ment-level agricultural bankers to broaden their skills to becom e more effective lenders. M IN N EAPOLIS: Norwest CorporaW ATERLOO: Dale K. DeKoster, tion has announced that Lloyd P. chairman and president o f the Johnson, who was named president W aterloo Savings Bank and M etro and CEO in March o f this year, was Bancorporation, retired June 30. He elected to the additional post o f joined the bank as a farm represen chairman, effective immediately. He tative in 1946 and was named CEO succeeds John W . M orrison, 63, who in 1956 and president in 1961. He resigned after serving in that posi has headed M etro Bancorporation tion since 1981. since its origin in 1983. A successor M ARION : Norwest Bank Marion, has not yet been named. ST. PAU L: Am erican N ational N .A., has approved the prom otion of Bank has announced the prom otion Nebraska News Steve Knutson to the position of of Donald R. Rigsby to vice presi vice president, ag business segment. LINCOLN: James F. Nissen has dent and assistant manager o f the Mrv Knutson has been with the been appointed president o f the Citi aircraft department and Susan AtMarion bank since June o f 1983 and zens State Bank. Mr. Nissen is cur kins-Harris to assistant vice presiwas previously the assistant vice rently the president o f Gateway dent, special asset administration. president in the ag department. Bank and Trust and will be involved W A Y ZA TA : David A. Shern, for mer deputy com m issioner o f com merce in charge o f financial instituCount on the FNB tions for the State o f Minnesota, has joined Anchor Bancorp, Inc., Wayteam for any zata, as president and a director. He also was elected a director and offi Correspondent service. cer o f the First National Bank o f W ayzata and chairman o f First 712/277-0610 Gary Stevenson Lon Kelling Bank Minnesota, W est St. Paul. Mr. Shern began his banking career with First o f St. Paul in 1949, and has Member FDIC • Sioux City • A 'BANKS OF IOWA’ BANK served as deputy com m issioner of commerce since 1983. F ir s t N a tio n a l B a n k n £ 0 # ® ^ w • ^ % # # AG BANKERS AVAILABLE N J-1 SR. LENDER/BANK M GM T—8 yrs. in same holding co. Currently #2 officer in $75MM bank, responsible for $25MM ag/commercial loans. Strong collections & work out skills, good people mgr. Ran $20MM bank previously. Excellent refer ences from former supervisors. Sharp appearance. Open to relocation in Midwest. B.S. Ag Econ. plus bank schools. Married. Age 35. $42,000. Call Jean. N L-14 CE0/#2 O F S10-S40MM BANK—Offers twelve years in ag banking. Operated own insurance agency with $150,000 gross volume, managed branch bank of $12MM in assets and $300,000 insurance agency. Currently managing $25MM branch bank. Super references. Strong ag background. Married. Age: 50. Lives IA. $30-35,000. Call Linda. NJ-2 C .E .O .—Currently C.E.O. of $50MM ag bank. 15 yrs. banking experience. Strong lending/administration skills. B.S./M.S. plus advanced banking schools. Mar ried. Age 45. $65,000. Call Jean. NL-15 AG LEN D ER —Immediately available. Four-and-one-half-years with FLB in new business development, loan servicing and customer service. Reference says, "Very detailed, knows cash flows, ag knowledge, good team player...has a likeable per sonality.” Married. Age: 28. Lives MN. $26,000 + . Call Linda. NJ-3 EX EC . V .P .—Over 20 yrs. in banking; ag, commercial, student, SBA loans, operations, personnel mgmt. Currently responsible for administration and loan workouts involved in cleaning up mismanaged bank. B.S. Married. Age 50. $45,000. Call Jean. RJ-4 C .E .O .—20 yrs. with major holding co. Moved up to Pres/CEO of $35MM bank with $20MM in loans (primarily ag). Now C.E.O. at $15MM bank with emphasis on Commercial, consumer & real estate loans. Handles loans, operations, investments, and personnel. Married. Age 42. $49,000. Call Jean. MJ-5 SR. M GM T—Now Pres/CEO of $10MM ag bank. Handles all loans, bank man agement, investments. Prior exper. in correspondent and trust areas. Strong ag background. Excellent appearance. B.S. Economics plus graduate of banking schools. Married. Age 37. Will relocate to midwest towns of 1000 or more. $45,000. Call Jean. NJ-8 V .P .—Currently (and for past 10 yrs.) in charge of $15MM ag loans in $90MM bank. Shares commercial loans, operations, administrative duties. B.S./M.S. Ag Econ.,, extensive bank schooling. Excellent appearance. Married. Age 40. $48,000. Call Jean. N J-7 V P—Offers 5 yrs. current banking experience as ag rep and office manager, 3 yrs. previous PCA experience. Presents himself very favorably, low-key but profes sional and self-motivated. He and wife very active in community. Strong on cash flows, analysis, PR; extensive ag background. B.S. Ag Bus. and banking courses. Age 33. $28,000. Call Jean. NJ-8 AG LEN D ER —Over 10 yrs. ag lending experience, formerly with FmHA as Coun ty Supervisor, now handling large number of PCA's problem loans. References say, "has successfully reduced loan problems, and helped farmers gain business sense as well.” Good attitude and down-to-earth personality. B.S. Ag. Married. Age 35. $30,000. Call Jean. NJ-9 V .P . AG LOANS—In charge of $10MM ag loans at $50MM bank for the past 3 yrs., this candidate was formerly a PCA loan officer. Strengths include constant in volvement with loan workouts, as well as ample exposure to other areas of banking. Highly praised by former supervisor. M.S. Ag. Married. Age 39. $34,000. Call Jean. N L-13 AG/COMMERCIAL LEN D ER —Experienced loan officer (responsible for close to $5MM ag loan volume) is seeking opportunities in ag banking. Offers three years PCA experience. Reference says, “ He has gained hands-on experience in ag credit that would take a loan officer 5-10 years time to gain. Good to very good perfor mance.” B.S. degree from Iowa State. Married. Age: 25. Lives IA. $25,000. Call Lin da. N L-16 EVP/CE0—"Guaranteed to be bank president in a few years,” former super visor says. Offers well rounded experience in ag credit analysis, cash flowing and commercial lending. Community involved. B.S. Animal Science. Married. Age: 30. Lives MN. $45,000 + . Call Linda. N L -1 7 EV P —Currently responsible for ag, real estate, commercial and installment loans for a $13MM bank along with bank operations. Reference says, "H e has super credit judgment-no question about it! Excellent rapport with customers.” Looking for a challenge. Licensed in Insurance and Real Estate. B.S. degree. Mar ried. Age: 33. Lives MN. $35,000. Call Linda. NL-18 AG LOAN OFFICER—Two.years experience as credit representative for a captive financing firm. Super reference. Good communication skills...professional and a self starter. Available due to limited opportunities with present firm. B.S. Ag Economics. Single. Age: 24. Lives Wl. $20,000 + . Call Linda. N L-19 VICE PRESIDENT-Down -to-earth rural banker seeking an opportunity with a solid, ag bank. Offers ten years with $10MM bank with responsibilities in ag (prob lem work-outs), R.E. and installment lending. Experience with computers. B.S. degree. Married. Age: 45. Lives MN. $30,000 plus. Call Linda. NL-20 CE0/#2—Currently in charge of entire lending function for $20MM bank with loan portfolio of $15MM last four years. Thirteen years previous experience with large holding company and offers ag and commercial lending experience. Re ceives good references. Banking schools. Married. Age: 40. Lives MN. $40-45,000. Call Linda. NL- 21 AG BANKER—Five years with FmHA as Ag Management Specialist and most recently with a captive finance company in ag credit. His reference says, “ Positive attitude...strengths are his personality, patience and ag credit skills.” Iowa State grad with a double major. Married. Age: 34. Lives Wl...wants West. $20-25,000. Call Linda. NT-24 AG LOAN OFFICER—Reference says, "Excellent ag lending knowledge and good rapport with clients.” This extremely sharp ag lender offers four years with FLB most recently supervising a staff of two loan officers and two clerical. Very knowledgeable in agriculture. Quick and accurate in credit analysis. Self-starter. B.S. Ag. Married. Age: 26. Lives IA. $30,000. Call Terri at 515-394-3147. NT-25 AG/0PERATI0NS OFFICER—Reference says, "Aggressive, works well with farm ers and did an excellent job screening clients.” Three years ag loan correspondent for finance company and currently assistant branch manager and loan officer with a major holding company. Well recommended. B.A. Ag. Married. Age: 27. Lives IA. $23,000. Call Terri at 515-394-3147. Our reputation of maintaining our candidates’ confidentiality enables us to at tract 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. When you describe your needs to us, we contact our candidates who fit your de scription to discuss the position and location to ascertain their Interest before disclosing their names or sending you their resumes. This not only protects our candidates Identity, but saves you time...when we sub mit a candidate for your consideration, you’ll know he or she has an Interest In your bank, community and salary range. Let us know your needs without commitment; we won’t ‘hound’ you with phone calls or ‘flood’ you with resumes, and there Is no fee unless you hire. Linda 515/394-5827 New Hampton, Iowa 50659 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis We serve as the source to locate candidates who meet your qualifications and are Interested In your position. We are available to assist, not ‘Insist.’ We allow and encourage your direct contact with our candidates. YOU make the choice and decision without pressure. Jean 515/263-9598 (W/F) 712/779-3567 (M/T/TH) Massena, Iowa 50853 Supplement to Northwestern Banker Newsletter 7-1-85 POSITIONS AVAILABLE N-1 VP—Good opportunity for growth within bank chain. Ag lender N-13 VP—$30MM bank wants to hire Senior Loan Officer to be in charge needed in $20MM bank; small ag portfolio in excellent condition. Handle documentation, farm inspections, analysis, and new customer develop ment. Learn commercial lending. Requires 3-5 yrs. ag lending exper. from bank or PCA, and Ag degree. IL. $28-$35,000. of total loan portfolio ($15MM). Build loans but maintain loan discipline. 15-20 years bank lending experience in “ community” bank with ag ex posure. Minnesota $31-37,000+ + + . “AGRIcareers was extremely helpful, and worked closely with us. Receiving screened applicant resumes saved us time. What I liked most about their service was that they didn't send me a hundred resumes.” Jim Neuroth, Sr. V.P. First Bank Albert Lea, MN N-2 A6 LOAN OFFICER—$70MM central IA bank. Requires 5 yrs. bank ex perience. This is not a problem bank. $33,000. # N-14 JR. AG LENDERS—Two Iowa positions available for ambitious candi dates with 1-2 years current ag lending experience from bank or PCA. Must be knowledgeable in and willing to work with problem loans. $18-25,000. N-15 CEOs—Seeking executive officers for Minnesota and Iowa ag banks W ranging in size from $15MM to $60MM. Bank experience a must. $40-45,000 + + + . N-16 AG/C0MMERCIAL OFFICER—Assist Senior Loan Officer with $11 MM loan portfolio. Work-out experience a plus. 5 yrs. bank or PCA. Good ad vancement potential. Minnesota. $25-35,000. q N-17 AG DEPT. HEAD—Major bank holding company needs person to head up ag dept, of $12MM (some commercial loans). 4-7 yrs. bank ex perience. Minnesota. $27-32,000. N-18 COMMERCIAL LENDER—Bank holding company seeking a commer cial lender with 3-5 yrs. commercial lending experience. Metro area-Minnesota. $30-33,000. £ N-3 AG REP—Share ag lending duties in $25MM W. IA major holding co. bank. Technical skills a must. Requires 1-2 yrs. bank or Farm Credit Sys tem experience. (May consider summer internship) $17-$21,000. N-4 AG LOAN OFFICER—In $50MM S. IA bank. Will assist with loan review, work outs and collections. Must have strong accounting skills—a good numbers person. May work with some commercial lines also. Requires 5 yrs. bank exper. $35,000. N-5 C.E.O.—$60MM IA bank; requires 5-10 yrs. experience in all phases of lending and management of IA bank of similar size. To $60,000. N-6 C.E.O.—$25MM N. IA bank; must have 10 yrs. experience in ag/commercial lending, investments, and general bank management. $45,000 + bonus, P.S. etc. N-7 AG LOAN OFFICER—Bank holding company seeking experienced ag lender to share in workload of $14MM ag portfolio (3 other loan officers). 2-5 yrs. ag credit experience required. Degree a plus. Iowa. $26,000. N-8 AG LENDER—$50MM ag bank is looking to fill ag loan position. Admin istration of ag loans. Good communicator...logical...workout loan ex posure. 3-5 yrs. ag credit experience. Iowa $25-30,000. “I’d use AGRIcareers again...their fee is well worth it to get a good person.” David Rouse, Pres. Brenton State Bank Eagle Grove, IA N-9 COMMERCIAL LENDER—Multi-bank holding company needs experi enced commercial/real estate construction lender. 3-5 yrs. commercial lending experience. Metro area. Mid $30,000's. N-10 GENERAL LOAN OFFICER—Assist EVP with $24MM loan portfolio which consists of R.E., Commercial and ag loans along with supervising clerical staff in loan area. MINIMUM of 5-8 yrs. banking experience. Illi nois. $28-33,000 plus fringes. N-11 OPERATIONS OFFICER—Report to Cashier and supervise tellers, bookkeepers and the data procesing for a $50MM bank. People ori ented. 3-5 yrs. experience in operations with a smaller bank. Illinois. $18-22,000 + . N-12 SENIOR LENDING OFFICER—Independently owned ag bank seeks senior lender responsible for loan portfolio of $6MM with emphasis in ag area. Five or more years of ag credit experience. Minnesota. $30,000 + . “In some cases, a bank’s employees are the only distinguishing factor between the bank and its’ competition. We were able to hire the kind of individual we wanted through AGRIcareers.” Randy Schouten, Pres. Norwest Bank Montevideo, MN £ N-19 AG LENDER—$8MM rural ag bank is seeking lender with primary re sponsibility in ag loans and involved with the insurance agency. 3-5 yrs. ag credit experience. Minnesota. $25-30,000. # N-20 AG LOAN OFFICER—Multi-bank holding company looking for ag lender to be responsible for a $7-8MM ag loan portfolio. 3-5 yrs. ag credit experience. Minnesota. $30,000 area. N-21 CEO—$25MM ag bank is seeking executive officer to be in charge of # bank operations, personnel and the lending function. Bank has above average capital structure. 10-15 yrs. experience in ag banking (opera tions, lending and management). Mature, idealistic, and goal oriented. Located close to a college town in Minnesota. Stock ownership available. $40-45,000. N-22 CEO—Assume number two position and have advancement poten tial to become CEO for a $20MM independently owned ag bank in south ern Minnesota. In charge of entire lending function (ag & comm.) $15MM portfolio. 10-15 yrs. ag banking experience required. Stock ownership possible. $45-50,000. N-23 C0MMERCIAL/RE LENDER—Work with commercial and RE loans along with marketing bank services for a $70MM ag bank centrally lo cated in Iowa near metro area. Requires 10 years commercial lending experience with some ag exposure. $35,000. • N-24 #2—Responsible for insurance, operations and loans for a small, rural ag bank. Major emphasis in insurance...need to be licensed in all lines. Prefer experience in banking. Degree preferred. Iowa. $25,000. £ N-25 CORPORATE RISK MANAGER—Corporate manager accountable to SVP of Admin, to be in charge of supervising activities of seven insurance agencies in a 24 bank holding company system. Requires bank insur ance agency experience with proven track record. Western U.S. $30-35,000 with good benefits. pipi AGRI CAREERS: Serving you with the confidence you demand https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ^ w Ill S i W elf.niay be ffn g krtd . |$|begin plan--* | | f i what that’s c fe h e like in ifrie B y HELLQ ¥ S -ftf^ ® ^ K .A N N iN < iA N D BUDGET* CONTROLLER... i■ G SAY G O a p B | ^ ^ | ^ ^ » G H W i ‘ CONSUMING I ;D R U D G ^Y v1® A 'A H ^ ^ ^ ^ » y a G E T I N G AND i What combination i ■of p o w e h h h fn a n a ^p ^ l^ ^ lS ^ ^^ ^^ tP g ra rh 'th a t is flax-. ; ible and easy f b f ^ . lW lftv ^ ¥ l^ ^ p ^ ^ p p £ £ ;fe » ^ o u can. “ • • Develop base test plan foilh e n e iye a r 9 B | • Modify and j - i %b • Adjust y d u r c h a n g e historical trend^|S:Sea#naH ends.^^H current year p ia h A i^ M a n d maximum limits |< percentage increase or decrease • Define up • Replaceold^lai^with^w^fe^^^tically;;'*’ m • Check O ctrois • * Monitor p e rfo n ^ tc d • See •comtarehehsi^ bdriMMi-v^ ^ ^ y tio. reports ,D e s ig n ^ u jc ^ Ip p ^ l^ ^ S ^ ^ S r i^ ftp c ^ generator ’i :I/, • t i a n s f e r i ^ p e r month) j 0 • Forecast m ontiy •perfCrmanoe The new C ontm ile;Jw aS;d6^<4^^ndif® ^^!fbanSersfor bankers and is '* e ^ ^ ^ ln s ta ft^ '® ^ ^ ^ ^ |p e ra b le on an ' IBM, PC, XT fipgularty priced at our special wroductory price Of $995 until • https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ¡Hlppl ’ A::- Products https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis C a ll o n th e “ E x p e r ie n c e d P ro fe s s io n a ls ” Ready to meet your ^ First N atio n al Lincoln a a a correspondent needs. Illinois News ROCK FALLS: Pamela Erby has re cently been prom oted to the position o f vice president in charge o f con sumer services at the Rock Falls Na tional Bank. Ms. Erby had served the bank as head bookkeeper, head teller, and m ost recently, as custo mer services officer. A lso prom oted to vice president was Vincent Dietzel. Mr. Dietzel is in charge o f lend ing, being prom oted from commer cial loan officer. He was form erly the vice president o f South Park Na tional Bank o f the Quad Cities, the American Bank of Rock Island, and regional manager for the Associates Financial Services. Wisconsin News D O DG EVILLE: Strong’s Bank was closed Friday, June 14, by W iscon sin Commissioner o f Banking Rich ard E. Galecki and the FDIC was named receiver. On June 18 the FDIC approved the transfer o f in sured deposits to Marshall & Ilsley Banking Specialists G a il . . . id le lih n ! A F irsT ier B a n k 13th M e m b e r. F .D .I.C . &m streets, Lincoln, ne 685oi Corporation, Milwaukee, and the failed bank’s sole office reopened the follow ing day as M&I Bank of Dodgeville. Strong’s Bank had de posits o f approxim ately $33.4 mil lion in 8,200 accounts. The new bank is paying the FDIC a purchase pre mium o f $1,950,000, and will pur chase other assets o f the failed bank for $16.7 million. The FDIC had ini tially announced that a direct payoff o f insured depositors would be un dertaken because o f unreliable bank records and the existence o f irregu lar activities. A s the FDIC was able to reconstruct bank records, it deter mined that the payoff o f insured de positors could be accom plished by transferring the insured accounts to another institution while continuing the investigation o f irregularities. LAK E G EN EVA: Kenneth J. Serchen has been named president of Citizens National Bank here. He succeeds Kenneth Schneider, who has retired after 26 years o f service. Mr. Schneider will remain active at the bank as a director. Mr. Serchen was with Marine Bank Corporation for 13 years and m ost recently served as president o f Burlington Marine Bank. will continue as the Region V presi dent for the Bremer Financial Cor poration and as president and CEO o f First American Bank & Trust. Wyoming News Hale Kreycik, president o f Con verse County Bank in Douglas, was advanced to the presidency o f the W yom ing Bankers Association for 1985-86 at the annual convention held recently at Jackson Lake Lodge, Moran. He succeeds Robert T. Noel, executive vice president o f Affiliated Bank Corporation, Cas per, N.P. (Van) Van Maren, Jr., vice chairman o f H illtop National Bank, Casper, m oved up to becom e first vice president. Succeeding him as second vice president is W illiam H. Ruegamer, president o f First Inter state Bank, Sheridan. Gretchen Tea, Casper, continues as executive vice president, the post she assumed at the 1984 convention. F IN A N C IA L P L A C E M E N T S a division of BANK NEWS Call Confidentiality Maintained • Employer Paid Fees Larry Vohs South Dakota News BARBARA J. RITTA PAMELA J. SWENSON Commercial Lender, No. 2 in $40mm IA bank, near college. 2 + yrs commercial lending. S30-40K. Contact Barbara J . Ritta. Trust Bus Development Ofcr, 2 openings, large MW depts. 2 + yrs bank trust bckgrd plus sales & mgmt skills. $35-40K + incentive. Contact Barbara J . Ritta. Ag Lender, oversee $9mm portfolio. Near metro area. IA. 2 yrs ag lending, $25K. Contact Barbara J . Ritta. Ag Lender, $40mm Wl bank. 2-3 yrs PC A , Fm HA or bank bckgrd. Other lending exp or ops a plus. $32K. Contact Pamela J . Swenson. For Professional Assistance Call 1- 800- 225-2885 In Nebraska 402-397-2885 PROFESSIONAL RECRUITERS BOX 24227 • OMAHA, NEBRASKA 68124 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis SIO U X FALLS: First Bank of South Dakota has prom oted Mary Lynn M yers to senior vice president and Paul Schock to vice president, both at the bank’s main office. Ms. Myers joined First Bank o f South Dakota in 1978 and m ost recently was vice president and manager of the commercial loan division I. Mr. Schock, previously assistant vice president, joined the bank on a parttime basis while attending college. North Dakota News M INOT: J.J. “ Joe” Vihstadt has been elected chairman o f First American Bank & Trust of Minot. He replaces Roger J.P. Hansen, who passed away June 8. Mr. Hansen had been on the board since 1967 and served as chairman since Janu ary o f this year. In addition to his new responsibilities, Mr. Vihstadt 816 / 421-7941 Job Openings NEBRASKA CHIEF OPERATIONS OFFICER $35K + Jr. COMMERCIAL OFFICER $25K V.P. COMMERCIAL OFFICER $40K INSURANCE OFFICER $20K + Comm. IOWA V.P. V.P. V.P. V.P. COMMERCIAL OFFICER $40K AGRICULTURE LOANS $35K COMMERCIAL OFFICER $35K + AG/COMMERCIAL LOANS $30K Please inquire in confidence of other positions available in KANSAS-MISSOURI-OKLAHOMA IOWA-NEBRASKA-COLORADO NEW MEXICO If you are interested in a career move, mail your resume in strict confi dence to FINANCIAL PLACEMENTS, P.O. Box 13786, K.C., Mo. 64199, or call 816-421-7941. BANK SALES AND PURCHASES BANKING SPECIALISTS EDDIE A. WOLF LENDING • TRUST • OPERATIONS Eddie Wolf Bank Salas 7202 Maple Drive, Das Moines, la. 50322 Phone: 515/278-2271 Serving the Entire Upper Midwest For Prompt, Courteous, Professional Attention T o Y o u r S t a ffin g Needs, Call On Us. POSITION AVAILABLE INVESTMENT OFFICER for small regional mldwestern bank. Needs 10 years’ experience. Investment portfolio $250 million. Must have excellent credentials. Salary com mensurate with experience. Contact file WCV, c/o North western Banker. (PA) COMMERCIAL LOAN OFFICER—excellent career oppor tunity. Contact: Larry Geisinger, Senior Vice President, Hawkeye Bank and Trust, Spencer, Iowa at (712) 262-1940. _____________________________________ (PA) Diane Evans 816/842-3860 COMMERCIAL LENDER with five or more years experi ence and college degree for $125 million midwest bank. Excellent futu re.................................................. Salary open COMMERCIAL LENDER with three years experience and college degree for $50 million midwest b a n k ...................... ............................................................................Salary $30,000 COMMERCIAL LENDER withfive or more years experi ence and college degree for bank in university community ............................................................................Salary $40,000 AG LENDER with college degree and limited PCA or bank experience for Northern Iowa b a n k ........ Salary to $25,000 AG LENDER for $23 million bank in northern Iowa ............ ..................................................................... Salary to $35,000 R e g e n c y COMMERCIAL LENDER with three to five years experi ence in both commercial and mortgage len d in g ................ ............................................................................Salary $32,000 RECRUITERS, INC. 1102 Grand Avenue, Kansas City, MO 64106 AG LENDER with five or more years proven ability for northern Iowa bank ....................................... Salary $32,000 FOR LEASE Write or call Malcolm Freeland or Cy Kirk in care of Freeland Financial Service, Inc., 1010 Equitable Bldg., Des Moines, Iowa 50309. Phone 515/282-6462. Employer pays fee. SENIOR LOAN OFFICER for $10 million bank in central Nebraska. Contact: Joe Dresselhouse, 1400 American Charter Center, Lincoln, NE. (PA) $20 million North Central Iowa bank needs BRANCH MANAQER with agri related experience. Contact: Harlan Klave, Belmont, IA Phone (515) 444-3965. (PA) Financial Careers CEO for $60 million independent mid-west bank. Immedi ate opening ......................................................... Salary open. Do you want to test a site? Have a temporary facility while you build? Contact Drommer Leasing, 401 Queens Court, Sioux Ci ty, IA 51104. Phone 712/239-2315. (FL) POSITIONS AVAILABLE MORTGAGE LOAN - 3 positions. No degree - 3-5 years experience. Southern Dakotas $25-30K. Estate Appraisals ARE YOU THINKING ABOUT A CHANGE? Purchase of Collections Absolute Confidentiality Maintained Bankers Assisting Bankers in Their Career Path R.E.B. & ASSOCIATES, INC. Full Service Banking Consultants 13625 C Str. Omaha, Nebraska 68144 Phone: 402/333-8248 Sale o f Rare Coins R«‘liable and respected service for over 20 years Used by bankers throughout the midwest Ben E . Marlenee Coins FOR SALE BURROUGHS S558 AND S595 SINGLE POCKET PROOF MACHINES. Both currently under maintenance and in good working condition. Available Immediately - $2,000 each or buy them both for $3,500. Buy now - we need the space! Contact Mike Mattson at First State Bank, Fre mont, NE (402) 721-2500. (FS) 913 Locust Des M oines, Iowa 50309 515-243-8064 Serving bankers quietly and efficiently. CAPITAL PERSONNEL SERVICE 714 U.C.B. Building, 515-283-2545 Des Moines, Iowa 50309 AVAILABLE POSITIONS SR TRUST ADMINISTRATOR - $200mm + and growing trust dept is in need of a Sr. Trust Admin. Must want to be #1 man within a yr. Strong estate planning bkgd and 5 + yrs In trust work are necessary. Ex oppty to move up quick ly for the career motivated professional. $38K. PRESIDENT - $30mm rural bank. Take charge indiv to ac cept challenge of a well financed clean-up operation. Indepth ag and troubleshooting bkgd are req’d. $40K. CONSUMER ANALYST • Leadership oppty for dynamic in div wanting more career direction and quick step into mgmt. Must have consumer lending skills, professional outlook & be open to relocate as career grows. $20K. AG LENDER • Small bank in clean rural community seeks #3 man for this ag oriented bank. Ex documentation skills, degree and 3 + yrs in an ag bank. $25K + . PRESIDENT - $100mm bank seeks accomplished banker with workout exp, strong mgmt and ag exp. Ex position in a holding co that continues to grow. $70K. r ~ ---------------------------------------------------------------- \ 1 ® • • • • • • • Collections/Loan Workouts Collateral Liquidations Loan Policy & Procedure Documentation/Compliance Bank Operations Pricing Bank Services Personnel Management COMMERCIAL LENDER - 2-3 years - Omaha. To $30 K. 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 FOR SALE Omaha National Bank is offering for sale for cash, pursuant to written bids, 98.43% of the out standing common stock of City Bank & Trust Co., Lincoln, Nebraska, and 98.76% of the outstanding common stock of Havelock Bank, Lincoln, Neb raska. Bids must be received by Omaha National Bank by August 14,1985. The bids will be opened and a public auction conducted to complete the sale of the shares of each of the banks in the sec ond floor conference room at Omaha National Bank, Farnam at Seventeenth, Omaha, Nebraska, on Thursday, August 15,1985 at 10:00 a.m. For further information, write or call Gary Parker, Omaha National Bank, Farnam at Seven teenth, Omaha, NE 68102, (402) 348-6260. POSITIONS A V A IL A B L E COMM’L LOAN - $100MM suburban bank with aggressive new ownership. Prefer five to seven yrs. experience in sim ilar size bank. $40K COMM’L LOAN/BIZ DEV • $80MM suburban bank affiliated with major holding company. Emphasis on new business development but need solid credit background. $35K SENIOR LENDER - $150MM suburban bank with large comm’l and real estate portfolio. Second position in bank with opportunity to advance. $Open REAL ESTATE LOAN - junior position in large suburban bank. Will assume some duties in construction and comm’l real estate depts. plus handle residential loans. $23K Available on an interim basis. More than 19 years experience. References available on request. AGRI-LOAN • $25MM community bank with 50% of loans in agri-credits. Prefer background in cattle financing. $30K KREJCI AND ASSOCIATES R O B E R T MffBUF F in a n c ia l/M a n a g e m e n t S e rvice s 126 0 5 S ou th dale Drive O m a h a , N ebra ska 6 8 1 3 7 (402) 8 9 5 -6 0 2 7 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 ALL FEES COMPANY PAID COMMERCIAL LENDER • 3-5 years - central Iowa To $40K. KREJCI & ASSOCIATES ALL FEES COMPANY PAID FOR FURTHER INFORMATION FOR THESE AND OTHER POSITIONS RESPOND IN CONFIDENCE TO: M. KURT ROSENCRANTS AT (515) 244-4414 H► M> M> OPERATIONS - V.P. • Degreed. Need 5 years or more of operations plus some lending experience. To $35K. V. J Additional positions available for experienced bankers. TOM H A G A N & A SSO CIA TES 2024 Swift - Box 12346 North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry Since 1970” Vol. 14 No. 11 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, $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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