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Vol. 17 No. 13 Des Moines, Iowa July 11,1988 Chicago Fed Says: * Midwest Ag Banks Show Improvement £ £ R J | ID W E S T a g r ic u ltu r a l IV I banks, supported by the im0 proved farm economy, rebounded in 1987 from the poor performance of past years,” states an article in the Federal Reserve Bank of Chicago’s July/August issue of Economic Per% spectives. But one of the article’s authors, Chicago Fed Banking Analysis Officer George Gregorash, cautioned in a separate statement that “the current drought condi• tions in the Midwest could make the 1987 gains short-lived.” A t the same time, banks in the Chicago Fed’s Seventh D istrict reported higher profits in 1987, with • the exclusion of the largest banks. “In Iowa alone, the number of banks with net losses decreased by 63 per cent,” according to the article “Banking 1987: A year of reckon• mg.” Co-authored by Mr. Gregorash and Theresa Ford, industry analyst at the Chicago Bank, the study paints a less rosy picture for banks • nationwide. “Aggregate banking profitability continued a decade-long decline that has been interrupted only in 1985,” the authors state, and the return on • assets of 0.13 percent in 1987 for U.S. commercial banks is “the https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis lowest rate of return since the Great Depression.” Regional disparities included net losses recorded by over 40 percent of banks in the South west, which more than offset the Midwest ag bank gains. Persistent problems with energy and real estate loans were the primary contri butors to the Southwest banks’ poor earnings. Size was also a determinant of profitability in 1987 with large banks reporting greater profit declines than smellier banks. “Pro fitability at community banks that have less than $100 million in assets rose, as measured by a return on assets (ROA) of 0.57 percent in 1987, up from 0.50 in 1986. For banks with $100 million to $1 billion in assets, ROA remained flat at 0.68 percent,” Mr. Gregorash and Ms. Ford write. Overall, “credit quality was the driving force behind earnings for all sizes and sectors of U.S. banks in 1987,” the authors state. While “ 1987 will go down as a dismal year in the financial record books . . . significant progress was made in addressing fundamental issues whose impact on the banking industry will extend well beyond this year of reckoning,” they con clude. □ Bremer Foundation Divestiture Plan RECENT ruling of the U.S. Treasury Department confirms A a plan of the Otto Bremer Founda tion, St. Paul, Minn., by which it would meet the divestiture re quirements of federal law. The law requires all foundations to divest of business holdings where ownership exceeds a certain percentage. The Otto Bremer Foundation, a private charitable tru st and the sole owner of the Bremer Financial Corpora tion, is required to reduce its owner ship in the Corporation to no more than 50 percent by May 1, 1989. Bremer Financial is a regional bank holding company th at owns 25 banks and related financial services in Minnesota, North Dakota and Wisconsin. Its earnings represent the Foundation’s principal source of income for its grantmaking activi ties. Last year the Foundation distributed over $3.25 million in grants, prim arily to nonprofit organizations serving rural com munities. To meet the federal requirements Ilk ll Norwest Bank Des Moines, N.A. mmmmm mamma Call (515) 245-3131 or toll-free (800) 362-2514 NORMTEST BANKS i m Member FDIC i Teamwork: one of the reasons we’re first in Iowa. Tom Quinlin John Rigler and secure its future grantmaking ability by preserving the value of its assets, the Foundation has been pur suing, for a number of years, various ways of selling the stock it has in the Corporation. The search for a buyer was recently extended nationwide with the passage of enabling legisla tion in each of the three states where the Corporation owns banks. While a sale of the Corporation remains an alternative, the Treasury ruling would allow a more orderly divestiture and not require a forced sale. Under the plan, the Foundation would divest by converting a majori ty of its stock into nonvoting shares and selling most of the voting shares to employees of the company and its affiliates. A reorganization of the stock structure and the potential for employee participation in ownership represent an alternative divestiture opportunity that the Foundation will consider. Details on the divestiture alter native have not been finalized. Com menting on the new option, Robert J. Reardon, a trustee of the Founda tion and the chairman and president of Bremer Financial Corporation, emphasized that the trustees of the Foundation are committed to com pleting the divestiture process in a manner that will result in the greatest benefit to the charitable organizations. “ Being able to achieve this in partnership with the employees of the Bremer companies is a very positive development for the Foundation and the communi ties it serves.” □ P aul S. N a d le r R e c e iv e s A yres L e a d e rs h ip A w a rd D e n n i s E a rh a rt MNB Correspondent Banker Together We Can Accomplish Great Things The ABA Stonier G raduate School of Banking honored Paul S. Nadler with an award recogniz ing his contribu tio n s to an d achievement in b a n k in g an d economic edu cation. “This is one of the ABA’s most honored awards,” sa id C h a rle s p-s - NADLER Hoffman, director of Stonier. “The Ayres Leadership Award is given to those who have helped bring about better understanding and support of banking and the economy in the . United States. Paul also has^ demonstrated through his classes that an understanding of complex ideas can be aided by relevant stories, analogies and examples,” added Mr. Hoffman, who presented the award. After the surprise presentation in front of Stonier students in Newark, Del., Dr. Nadler quoted Alan Sproul, former president of the Federal Reserve of New York: “Man’s flame is like a candle’s, it flickers and goes out; but what he does for an institu tion goes on forever.” Like the founder of the Ayres award, Brigadier General Leonard P. Ayres, Dr. Nadler has devoted decades to encouraging a better understanding of economics and banking. He is recognized as an ac complished professor, reporter, author, instructor and speaker. Dr. Nadler, who is only the 13th person to receive this award since its inception in 1947, has been an in structor at the Stonier Graduate School of Banking for 30 years and a professor of finance at Rutgers Uni- ( versity, N.J., since 1958. He also received the 1987 “Professor of the Year” award at Rutgers. He is contributing editor for American Banker, Bankers Month ly, The Secured Lender, The Journal of Cash Management and The Com mercial Lending Review, and an economic consultant to the invest ment banking company of L.F. Rothschild and Co., Inc. Dr. Nadler is author of three books on banking: Commercial Banking in the Economy, The Bank ing Jungle and Paul Nadler Writes About Banking. Dr. Nadler’s past positions in clude being academic director, IBM banking schools and the AT&T Banking School; a member, State of For Professional Correspondent Service Call 1-800-622-7262 Call 319-368-4789 or toll free 1-800-332-5991 S trength E astern |o w a M erchants National B ank m https://fraser.stlouisfed.org Cedar Rapids. Iowa 52401 Member F D i C A BANKS OF IOWA BANK Federal Reserve Bank of St. Louis Therejs A Difference In Banks... Valley National Bank â Main Office - Sixth and Walnut DES MOINES, IOWA 50304 A BANKS OF IOWA BANK Member FDIC lif e JAMES F. MacLEAN Vice President l l H. PETER DeROSIER Vice President Some special candidates from Robert Half's Banking Division Portiol list o f available Banking candidates. PRESIDENT Civic oriented community banker who has over ten years of agriculture lending and bank management experience. Handled lending ($10M portfolio including real estate, consumer, commercial) rate setting, policy setting and people management. High performance track record and small town personality. CJ01 $40K + TRUST DEPARTMENT HEAD Truly an expert! Well trained in all types of trust work with emphasis in personal trust area. Currently heading up multi-office trust department for large holding company. Aggressive motivator and business developer. Has doubled fee income in six year period keeping operating costs at a minimum. CJ02 $55K CONSUMER LOAN OFFICER High volume and activity consumer lender with knowledge of both direct and indirect paper seeks new opportunity. Currently in a $8M department, has three years background in a bank and four years total consumer lending. Strong collection talents. Gets the job done right/excellent references. CJ03 $24K COMMERCIAL LOAN OFFICER Real find! This four year commercial lender has unlimited potential and skills. Unappreciated in $78M bank carrying a $12M portfolio consisting of mainstreet, manufacturing and floorplan loans. Personable go-getter I has increased commercial outstandings by 20% while bank maintains camel #1 rating and return of 1.4 on assets. CJ04 $32K OPERATIONS OFFICER One of the “really talented people” in banking today. Wealth of expertise in small computer work, general bank accounting and supervisory of day to day operations. Intelligent quick study who works very hard. CJ05 $23K AG VICE PRESIDENT Organized, detail oriented professional who has well-rounded knowledge of ag banking! Responsible # 2 person who enjoys county seat type communities, has over $9M in ag loans, does credit analysis, makes all farm calls and is FmH A approved lender. This is a type of banker customers follow and can whip things into shape in no time. CJ06 $38K CREDIT ANALYST Are you sure of the analysis being done in your institution? Three plus years of credit expertise gained in one of midwest’s finest management training programs. Team player who follows rules. Super in house resource. CJ07 $25K PRESIDENT Dynamic ag banker who has kept $50M county seat bank at peak performance levels for five years. Rated one of the best managers in the five state area. Make your board, town and employees happy. CJ08 $50K TRUST OFFICER Six year trust professional who has specialized in keeping small department growing and profitable seeks new challenges. Mature, goal oriented and dependable. Offers knowledge, sales skills and professionalism for your organization. Law degree and great image, instant credibility. CJ09 $47K COMMERCIAL EXECUTIVE VICE PRESIDENT Only time can give you experience! Twenty year commercial lender who has worked in some of the most competitive markets around. Managed as many as twenty-five lenders, worked with large, very sophisticated credits and customers. Irreplaceable understanding of big loans and borrowers, comfortable in any setting. Superb #2. CJ10 $65K MORTGAGE LOAN OFFICER Fee income down? Resourceful, driven lender has six plus years of residential real estate lending experience. Originated loans, sold on secondary market and is diligent worker who gets the job done. CJ11 $32K vAG LOAN OFFICER Well versed in dairy and cash crop this degreed candidate offers rare combination of loan work-out and marketing skills. Over four years in holding company and excellent credit skills. Looking for long-term challenge and opportunity. CJ12 $27K https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PARTIAL LISTING OF AVAILABLE BANKING CANDIDATES PRESIDENT Dynamic #1 person who can call shots and get the job done. With over ten years of small rural bank e x p .^ ^ and a do it now attitude. This performer has maintained profits despite tough times and really knows the true meaning o f ^ ^ work-out. A perfect fit for almost any community bank. CJ13 $43K ^ AG LOAN OFFICER Small town banker with two years of experience and ag business degree from Iowa State. Very community and family minded. Grew up on midwestern farm and has strong work ethic. Will burn midnight oil to make sure job is done right. Ready to move today. CJ14 $22K REAL ESTATE LENDER Proven professional who has seen it all. This team player has generated sizable fee incomes for both banks and S & L’s in commercial/residential real estate. Understands and has worked with all types of mortgage loans including sales into secondary markets. Supervised seven and looking for community first, dollars second. CJ15 $32K ^ VICE PRESIDENT RETAIL Superior performer. Trained through holding company in consumer real estate and commercial. 0 Effective business developer and salesman. At present oversees sizable lending and non-officer staff. Very involved in development of private banking concept. Super image. CJ16 $45K COMMERCIAL LOAN MANAGER Gets the most out of each lender and maintains team harmony. Seven year commercial professional with large bank training and holding company exp. seeks new opportunity in more community oriented bank. Now oversees a $28M, self-developed, portfolio that consists of all types of large line credits. CJ17 $40K CONTROLLER Well-rounded banker who knows ins and outs of bank accounting. Previously worked in audit, computer operations and small town banks giving complete overview of numbers game. Achiever who likes smaller communities and can help make your organization more successful. Seven years of experience and CPA. CJ18 $28K 0 0 AG LOAN OFFICER Gets more done for less money. Inexpensive ag professional is simply a talented hardworker who enjoys all phases of ag banking. Super people person and great analysis skills. CJ19 $26K VICE PRESIDENT AG Tired of training lenders, hire an experienced professional instead. Here is a fifteen year ag banker $31K who has seen it all. Wants rural ag bank looking for knowledge and years of commitment. CJ20 FOR FURTHER INFORMATION ON THESE CANDIDATES CONTACT KURT ROSENCRANTS ROBERT HALF 317-6TH AVENUE, STE. 650 DES MOINES, IA 50309 ( 515) 244-4414 W O R L D ’S LA R G EST BA NK IN G , A C C O U N TIN G , A N D ED P PLA C E M E N T SP EC IA LIS TS W E ALSO HAVE TE M P O R A R Y BA NK IN G PR O FE S S IO N A LS 0 WE HAVE BANKING SPECIALISTS WHO ARE READY TO GO TO WORK FOR YOU NOW. CALL US TODAY. IT DOESN’T MATTER WHERE YOU ARE LOCATED OR WHERE YOU WANT OUR SPECIALIST TO WORK. OUR PROS ARE READY TO GO. • https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis OVER 6 0 % • OFALLBANKSINOURMARKETAREAARENOWINSURED BY THE KANSAS BANKERS SURETY COMPANY That’s R ig h t.. .In th e n in e states w e serve w e h ave solved th e b on din g needs for 6 o f every 10 banks. That's over 16.4% of all banks in the United States THE REASONS. . . 9 SUPERIOR SERVICE MOST COMPETITIVE PREMIUMS REALISTIC UNDERWRITING PROMPT CLAIMS SERVICE IF YOU’RE NOT GETTING THE SAME FROM YOUR BONDING COM PANY... GIVE US A CALL - YOU’LL BE GLAD YOU D ID. THE KANSAS BANKERS SURETY COMPANY DAVID E. ABENDROTH Senior Vice President DONALD M . TOW LE President 611 Kansas Avenue P.O. Box 1654 Topeka, Kansas 66601 Phone 1 -9 1 3 -2 3 4 -2 6 3 1 FINANCIAL INSTITUTION BONDS, SAFE DEPOSITORY LIABILITY, CHECKS KITING FRAUD INDEMNIFICATION, DIRECTORS AND OFFICERS LEGAL DEFENSE AND LIMITED INDEMNITY POLICIES https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis OVER 6 0 % OFALLBANKSINOURMARKETAREAARENOWINSURED • BY THE KANSAS BANKERS SURETY COMPANY That’s R ig h t. . . In th e nine states w e serve w e h ave solved th e b on din g needs for 6 of every 10 banks. Thafs over 16.4% of all banks in the United States THE REASONS. . . SUPERIOR SERVICE MOST COMPETITIVE PREMIUMS REALISTIC UNDERWRITING PROMPT CLAIMS SERVICE IF YOU’RE NOT GETTING THE SAME FROM YOUR BONDING COM PANY... GIVE US A CALL - YOU’LL BE GLAD YOU DID. H THE KANSAS BANKERS SURETY COMPANY DAVID E. ABENDROTH Senior Vice President DONALD M . TOW LE President 611 Kansas Avenue P.O. Box 1654 Topeka, Kansas 66601 Phone 1 -9 1 3 -2 3 4 -2 6 3 1 FINANCIAL INSTITUTION BONDS, SAFE DEPOSITORY LIABILITY, CHECKS KITING FRAUD INDEMNIFICATION, DIRECTORS AND OFFICERS LEGAL DEFENSE AND LIMITED INDEMNITY POLICIES https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Serving th e H e artla n d of A m erica since 1 9 09 New Jersey Investment Council; ad visor to committees of the Federal Reserve System, Federal Reserve Bank of New York and consultant to |Several banks; member, Federal Sav in g s and Loan Advisory Council; consultant to Louis H arris & Associates; originator and publisher of a monthly tape series on hanking for 13 years; author of hundreds of articles on banking and economics; speaker before virtually every state bankers association and numerous economic and business groups as well as college groups. The Ayres Leadership Award was established by a resolution of the ABA’s Stonier Board of Regents in 1947 to perpetuate the intellectual achievement of the late Brigadier General Leonard P. Ayres, a former SGSB instructor and vice president of the Cleveland Trust Co., Ohio, and one of the nation’s foremost economists. □ Io w a N e w s The Iowa Bankers Association and Collin W. Fritz and Associates ^ are cosponsoring a series of 401 (k) Seminars at eight locations during luly. The seminar is designed for FCEOs, presidents and executive vice presidents interested in this form of retirement plan. A Qualified 401(k) Plan is now available for IBA members, and will be discussed at the seminars. Fee for members is $55 for first attendee, $50 for each additional; for subscribers is $62.50 for first, $57.50 for each additional; for nonmembers is $75 for first, $70 for each additional. Morning ses sions are 8:30 to 11:00 and afternoon sessions are 2:00 to 4:30. Dates and locations are: 12th (morning)— Buena Vista College, Storm Lake; 12th (afternoon)—First W hitney Bank, Atlantic; 13th (morning)— IBA boardroom, Des Moines; 13th (afternoon)—Parkview Plaza, Ot tumwa; 14th (morning)—Hills Bank & T r u s t, C o ra lv ille ; 1 4th (afternoon)—National Bank of Wa terloo Crossroads office; 15th (morn ing)—Cliff House, Decorah; 15th (afternoon)—Clear Lake Community Room. Contact the IBA to register. If you cannot attend but would like 3 DOES YOUR BANK NEED AN INVESTMENT CENTER? Your benefits: • New high net worth customers • Added profit • Reduced deposit loss to competitors • Ability to offer complete financial services 1-800-544-7113 For information contact: First Dakota Building F.O. Box 2796 Bismarck, ND 58502 or P.O. Box 65697 West Des Moines, IA 50265 INVESTMENT information on 401(k) Plans, contact Collin W. Fritz at 1-800-346-3961. COUNCIL BLUFFS: Two officers have been promoted at First Na tional Bank of Council Bluffs. Rod Kinman has been advanced to vice president/controller. Prior to joining the bank, he was with FirsTier Financial for 14 years. Greg Blow has been promoted to vice president/ trust department manager. Prior to coming to Council Bluffs, he was with FirsTier Bank in Grand Island, Neb. for 12 years. DAVENPORT: Michael J. Grothusen has joined Brenton First Na tional Bank as vice president and manager of the consumer lending department. He was previously with Walcott Trust & Savings as a vice president, and prior to that was with the Bank of Rockford, Rockford, Mich, and Michigan National Bank, Wyoming, Mich. MASON CITY: Dennis J. Lindell has been elected vice president and manager of the commercial loan department of First Interstate Bank of Mason City. He replaces James W. Vigars, who recently resigned to accept a position in Minot, N. Dak. Mr. Lindell joined First Interstate Bank in 1984 as assistant vice presi dent and ag loan officer. N e b ra s k a N e w s BELLEVUE: James J. “Joe” Vihstadt has been named president of the Bank of Bellevue. He has been in banking over 20 years, most recent ly with Bremer Financial Corp., where he oversaw the operation of seven of the company’s North Dakota Banks. He has also served as vice president of First American Bank in Crookston, Minn., and as presidents of the First American banks in Breckenridge, Minn, and Minot, N. Dak. W is c o n s in N e w s SHEBOYGAN: First Interstate In surance Agency of Wisconsin, head quartered in Sheboygan, and the in surance division of First Securities Company of Manitowoc, have an nounced the merger of their agen cies. Under the merger agreement, First Securities will change its name to First Interstate. First Interstate currently has offices in Sheboygan, Sheboygan Falls, Two Rivers, Manitowoc, Plymouth, West Allis and Eau Claire. First Securities’ book of business will be relocated to First Interstate’s Manitowoc office. M in n e s o ta N e w s MINNEAPOLIS: Jerry A. Roehrich has been named president of the Olson Highway office of Norwest Bank Minnesota in Minneapolis. He was a senior lender for business banking at the Central Avenue of fice of Norwest Bank Minnesota. Mr. Roehrich joined Norwest at the latter office in 1974. ST. PAUL: Robert J. Alexander has been named vice president of MetroBank, St. Paul. He will serve as branch manager for the bank. He re places Michael M orrison, who resigned to become president of the St. Croix Valley Bank in Stillwater. Prior to joining MetroBank, Mr. Alexander was senior vice president/ commercial services at the Mer chants and Miners State Bank of Hibbing. Lincoln https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Follow the arrow to Muni Bonds. Enhance your portfolio with any investment from Municipal Bonds to U.S. Government Securities. In Nebraska: 8 00-742-7462 Omaha |n Nebraska: 800-642-9305 Outside Nebraska: 800-228-9175 Y our FirsTier Team . H e re to s e rv e y o u w ell. ^ F irsT ier Banks FirsTier Bank, N.A., Lincoln and FirsTier Bank, N.A., Omaha, Members FDIC 4 Applications, supervisory requests and other management services POSITION AVAILABLE $22mm N. IA bank needs EVP AND SR. LOAN OFFICER. 5-10 years ag loan experience essential. Responsibilities include administration, documentation, compliance, supervision of staff and call program in loan area. Also various bank committees. Salary commensurate to experi ence» Contact File No. WNS c/o Northwestern Banker. (PA) AQ LOAN OFFICER— Minimum 3 yrs. exp. College degree, FmHA & general banking a plus. Community minded. Send resume to: J.W. Sherwood, Pres., Peoples-Webster County Bank, P.O. Box 385, Red Cloud, NE 68970. (PA) FOR SALE DATA PROCESSINO SYSTEM. TX Instruments Business System 300 including 1 Tl Business System 372A with 256K processor, 38MB fixed disk, 14.5 MB V i ” tape back up & terminal console. Also, 1 MC306 6-channel controller, 3-WySE WY50 CRTs, 2-TI model 880 printers with paper trays. Contact Chuck Watson, Central States Resources Corp., P.O. Box 250, Gretna, N E 68028. (800)228-8025. (FS) CANDIDATE AVAILABLE LOAN OFFICER. Employed at small bank for past year & worked at same bank full-time every summer during col lege. Has worked in all depts., primary duties in lending. Handles majority of ag loans (including farm inspections, cash flows & spread sheets) as well as consumer & small commercial loans (inventory, floor plans, customer calls), also handles cashier duties. Has completed first year of ag credit school. Excellent references. Interested in ad vancement opportunity & open to any midwestern loca tion. BA business management. $20,000. SWORDSASSOCIATES. P R O FE S S IO N A L B AN K IN G CONSULTANTS 2 Brush Creek Blvd. Kansas City, MO 64112 (816) 753-7440 E state A ppraisals P u rch a se o f C ollection s Sale o f R are C oins R eliab le and respected service for over 20 years U sed by bankers throughout the m idwest Ben E . Marlenee Coins 913 Locust Des Moines, Iowa 50309 515-243-8064 POSITIONS AVAILABLE Fees paid by employers. Banking Careers, Ltd. 525 Merle Hay Tower Des Moines, IA 50310 (515) 832-1258 SERVING THE UPPER MIDWEST • PRESIDENT— Does equity ownership appeal to you? A -rare & challenging opp’ty to manage med.-sized bank in premiere MN resort area! Must be an entrepreneur who can provide leadership in loan admin. & new bus. developmt. Seek a shirt-sleeve mgr. w/15+ yrs. banking exp. w/emph. in comm’l lending. To$75K, exc. mgmt. benefits. Job#NW3540 EVP— Looking for an opp’ty to be #1? So. MN bank seeks ag oriented exec, w/proven mgmt. exp. Must enjoy comm’t ^ j^ k involvemt., be bottom line driven. Prog, to pres. im m in e n ^ ^ B for the candidate. To low-mid $40’s. Job # N W 3 5 4 ^ E F LOAN OFFICER— If you have a degree & 1 + yrs. lending exp. w/exposure to R.E. lending & enjoy the outdoors, we have the utopic position. Profitable bank in vacation area ^ is adding this position due to growth. To $20K + bonus + exc. benefits. Job#NW3544 9 R RYAN AUCTION C O ., IN C . Decorah, Iowa 52101 Farm Equipment Specialist Appraisals & Auctions Call Dale Ryan 319-382-8648 eg ency RECRUITERS, INC. Diane Evans 1102 Grand Avenue, Kansas City, MO 64106 816/842-3860 9 CALL PAUL GENTZKOW OR BILL BENSON ROBERT MffaLF POSITIONS AVAILABLE PRESIDENT $30M bank in northern IA seeks proven professional with 5 + yrs. as pres. $45K. VP TRUST HEAD Run successful dept, in $40K+ commty. Part of mgt. team. Prior trust exp. mandatory. $40K. CONSUMER LENDER Co. seat bank seeks 1-3 year bank lender who has handled direct and indirect paper. $25K. EX VP Experienced, mature #2 person who has heavy commer cial exposure for $120M + bank. $65K. RETAIL HEAD Supervise personal small comm’l loans and teller lines for growing bank. $40K. A.V.P. Generalist wanted for county seat bank. Must have 5 yrs. exp. $30K. FOR FURTHER INFORMATION CONTACT KURT ROSENCRANTS ROBERT HALF O FH W M .M C . 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 ALL FEES C O M PA NY PAID D Ö N ^ C H O O L E R Ir ANDASSOCIATES "Successful Banking is Quality Personnel" POSITIONS AVAILABLE 3636 IDS Center Minneapolis, MN 55402 (612) 339-9001 ALL FEES COMPANY PAID PRESIDENT, $300mm bank, top administrator, top budgeter, top marketer, strong lender . .$100,000. EXEC. VICE PRES., head of lending, $175mm, good administrator, good teacher .......... $55,000. VICE PRESIDENT, commercial lender, $200mm + solid bank, middle market credits ___ $40-45,000. LOAN ADMINISTRATION & LOAN ACCOUNTING SUPERVISOR, huge portfolio, will be working with computer input in large main frame computer . . . ..................................................................$40-45,000. AG LENDER, lines of $100,000-$500,000, strong cash flow and documentation ............. $30-35,000. VICE PRESIDENT, commercial lending, good outstate town, good location, solid bank .$30,000. HEAD OF CONSUMER, $10mm dept., exp. in indir ect business development, top bank . .$25-30,000. COLLECTOR, lake area, reputation bank . $20,000. SECOND OFFICER, small country bank, all types of lending, business development ........... $24,000. DON W. SCHOOLER 2508 East Meadow Springfield, Mlaaourl 65804 (417) 882-2265 POSITIONS AVAILABLE ® TRUST MARKETING ■ large urban bank. Requires degree and trust experience. $35K REAL ESTATE LOAN - single family residential and secon dary market experience required. Proximity of major metro area. $40K LOAN REVIEW •large bank experienced required. Both junior and senior level positions available. $28-$40K COMMERCIAL LENDING • V.P. positions in urban and large suburban banks. Personal portfolios from $20MM to $50MM. $40 K BRANCH MANAGER ■ handle small business and con sumer credits. Med-size community affiliate of multibank holding company. $24K ^ 9 Additional listings for commercial lending and trust officers. Resume’ requested. TOM HAGAN & ASSOCIATES P.O. Box 12346/2024 Swift North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry Since 1970” Vol. 17 No. 13 Northwestern Banker Newsletter (USPS 873-300) is published weekly by the Northwestern Banker Company, 1535 Linden Street, Suite 201, Des Moines, Iowa 50309, (515) 244-8163. Subscriptions $1.00 per copy, $24.00 per year. Second class postage paid at Des Moines, Iowa. Address all mail subscriptions, changes of address (Form 3579), manuscripts to Northwestern Banker, 1535 Linden St., #201, Des Moines, Iowa 50309. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Ä ®