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• Vol. 17 No. 14 Des Moines, Iowa July 18,1988 St Germain Issues Poison Pill! _ * 1 1 # HEN House Banking CommitV V tee Chairman Fernand St Ger main (D., R.I.) issued the second draft of his banking bill, The 1988 Depository Institutions Act, it was the reverse of what the banking in® dustry had long been lobbying for and had high hopes for in its effort to compete on an equal footing with lesser-regulated and Congressional^ ly-favored non-bank competitors. Instead of a thoughtful piece of legislation that would give the bank ing industry the tools it needs to meet competition, give its custoA mers expanded services, and build an even stronger base to add ^fetrength to the nation’s economic ^^tiber, the industry was given a blue print for further degrading and han£ dicapping it by imposing new reg ulations, which don’t apply to non bank competitors who gloatingly are allowed to steal banks’ business w ithout being handicapped by ^ federal regulations. Rep. St. Germain’s apparent slo gan of “damn the bankers, full speed ahead for their competitors” is a philosophy adopted by so many of £ his colleagues that any current ef fort by banking lobbyists for a sane approach to modernizing h a n k i n g powers has been turned into a war zone. • Without a major overhaul, which does not seem too likely, the House Bill proposed by Rep. St Germain will require vigorous lobbying by the banking industry to accomplish its total defeat. The Editor Iowa News The agricultural loan department at First National Bank of Dubuque is sponsoring a free Drought Man agement Seminar on Thursday, July 21 at 7:30 p.m. in the Main Exhibit Building at the Dubuque County Fairgrounds. The seminar will pro vide farmers with information to help them manage crop and live stock problems resulting from the severe drought in the Midwest. Dr. John Marten, staff economist at Farm Journal, will speak, along with Iowa 2nd District Congressman Tom Tauke and members of the Iowa State University Extension staff. For more information, contact Leo Mallie at the bank, (319) 589-2242. early fall Peoples Bank and Trust Company, which is P B Bancorp’s wholly-owned subsidiary, will be consolidated with Norwest Bank Marion, N.A., which is located in the adjacent city of Marion. The resulting bank will have assets of approximately $350 million and eight banking offices in the greater Cedar Rapids area. John Sagers will be the president and chief executive officer of the new bank. He is cur rently president of P B and Peoples Bank. Larry Hansen will continue as president of Norwest Marion until the consolidation is completed and then as president of the Marion of fice for the foreseeable future. EARLVILLE: The purchase and assumption of assets and liabilities of the State Bank of Earlville by Community Savings Bank of Edgewood was announced last week by Steve A. Brady, president and CEO of the Edgewood Bank. The transac tion is subject to regulatory ap proval. It is planned to complete the purchase effective January 1, 1989, at which time State Bank of Earl CEDAR RAPIDS: Norwest Cor ville will become a full service office poration has received regulatory ap of Community Savings Bank. The proval to assume ownership of P B sellers are John C. Laxson, presi Bancorp of Cedar Rapids on August dent, who plans to retire, and his 1. The definitive agreement between brother, James E. Laxson, vice the two organizations was signed president and cashier, who will and announced last November. become vice president and manager Lynn Horak, regional manager for of the branch after the purchase. Norwest banks in Iowa, said that by State Bank of Earlville has approx- Together We Can AccompHsh Great Things Call Dennis Earhart, MNB Correspondent Banker 319-368-4789 or Toll Free 1-800-332-5991 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Strength of \ Eastern J Ä |owa r Merchants National Bank is i Cedar Rapids. Iowa 52401 Member F D i C A BANKS OF IOWA BANK 2 Norwest Bank Des Moines, N.A. Call (515) 245-3131 or toll-free (800) 362-2514 NORWEST B A N K S Member FDIC Yearn work: one of the reasons we’re first in Iowa. Mark Conway imately $16.6 million in assets, while Community Savings in Edgewood, 16 miles to the north, has in excess of $29 million assets. IOWA CITY: Ray G. Glass has joined Hawkeye State Bank as president and CEO. He was pre viously employed by Hills Bank & Trust Company. Brandt and Executive Vice Presi dent Stan Matzke. An update on the Voluntary Employees Beneficiary Association by VEBA Agent Bill Osterberg and NBISCO Executive Manager Steve McKelvey will follow. At 5:45 there will be a recep tion, and at 6:30 a dinner with Steve Farson of The Laugh Company, Scottsdale, Ariz. Fee is $25 per at tendee, with $10 additional required after August 9. Dates and locations of the meetings are: 16th—Omaha Red Lion, 17th—Norfolk Country Club, 18th—Beatrice Elks Club, 23rd—Scottsbluff Country Club, 24th—North Platte Holiday Inn, 25th—Grand Island Riverside Golf Club. Contact the NBA to register. NORFOLK: Elmer E. Mohl, chair man and CEO of The DeLay First National Bank, and William C. • Smith, chairman and CEO of FirsTier Financial, Inc., Omaha, an nounced July 8 an agreement for th e ^ ^ Norfolk bank to be purchased b j ^ ^ FirsTier Financial, subject to • regulatory approval. They expect the transaction to be completed by year-end. The DeLay First National will retain its present name, management structure and board of ^ directors and will operate its three offices in Norfolk as a separate sub sidiary of FirsTier Financial. The DeLay First National reported assets of $185 million as of June 30. ® FirsTier assets exceed $2 billion. Minnesota News BEMIDJI: The First National Bank of Bemidji has announced manage ment changes. Thomas E. Welle has MINEOLA: The telephone number been elected president of the bank. for the Mineola office of the GlenHe has been with First National wood State Bank in the 1988 Iowa since 1985 as executive vice presi Bank Directory should be (712) dent. Prior to that, he spent seven 526-2131 (not 3131). years at First American Bank of Brainerd. E. Joseph Welle was Nebraska News elected to serve as the bank’s chair The Nebraska Bankers Associa man of the board. He has been associated with First National fo: tion’s 1988 Area Banker Meetings will be held during August. Regis CALLAWAY: Margaret Grove has 32 years, and has served as presi tration opens at 2:30 p.m., with the been promoted to vice president and dent for the past seven and a half meeting beginning at 3:00. Reports loan officer at the Seven Valleys years. He will continue to be active will be made by NBA President State Bank. She previously served in credit administration. Robert E. Harley Bergmeyer, President-Elect as assistant vice president and mar Welle, who has served as chairman Jim Nissen, General Counsel Bill keting officer. since 1978, now will be vice chair man. On the bank staff for 23 years, Mr. Welle will remain active in the t's easier to talk Iowa banking investment management area. with people who live it — people PINE CITY: Edward W. Palmer has been elected president of Pine City like Steve Brewer and the corre State Bank. He previously served as spondent staff at Bankers Trust. executive vice president and cashier. % Call 1-800-362-1688 or 515/245-2424. ST. ANTHONY PARK: Among re cent elections at St. Anthony Park State Bank was the naming of Bankers uust Richard B. Beeson, Jr. to vice presi Steve Brewer A ssistant Vice P resid en t Des Moines, IA V M em ber FDIC dent and senior commercial loan of ficer. He previously worked as a pro- I Now th e largest regional processor in th e M idw est show s you exactly w hat w e provide. 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BOX 1847 Cedar Rapids, lowa 52406 319/595-6600 A Banks o f lowa subsidiary W HAT BANK INVESTMENT OFFICERS CA N LEARN FROM “THE THREE LITTLE PIGS.” You can’t build things overnight and ex pect them to last. Only proper materials and skill ensure stability and longevity. It’s a lesson United Missouri Bank has heeded while building their own solid investment portfolio as well as their successful Investment Banking Division. Recently, several banks in the Midwest forgot the moral behind this enduring fable. Tempted by the possibility of a quick boost in earnings, their investment officers purchased unproven, high yield investment products. When unexpected changes in the market occurred, the banks suffered substantial capital losses. Since 1928, United Missouri has re searched, analyzed and offered only top-quality securities and investment strategies. Contact our Investment Banking Division at 556-7200. We’ll help you make your bank’s investment portfolio so strong, nothing can blow it down. Investment Banking Division UNITED MISSOURI BANK of Kansas City, n.a. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis POSITIONS AVAILABLE JT-1 BRANCH MGR/LENDING: Sharp individual with excel lent technical and analytical abilities looking for good op portunities in medium sized bank. Experienced in daily functions of personnel, operations, and lending. Ten years experience in the lending field. Supervisor says, “Strong in leadership. A take-charge individual. Good documenta tion skills. Brings good ideas into company.” BS Degree in Business. Open on location. $30,000 plus. Call 712-7793567. JT-2 AG LENDING: Community oriented individual looking for lending opportunities. Six years experience in ag lend ing. Strong in cash flow projections, computer work and public relations. Former supervisor describes as, “Terrific personality. Good rapport with people. Good business sense. Did an outstanding job making cold calls for new business.” Also experienced in real estate sales. BS De gree. Prefers IA, MN locations. $28,000.Call 712-779-3567. JT-3 FARM MANAGEMENT: Sharp young man experienced as farm manager and real estate administrator for larger bank. Responsibilities included monitoring market condi tions and making market decisions, negotiating leases, maintaining tenant relationships, and implementing farm accounting packages. Transferred to credit department and currently monitors loan review requirements and analyzes credit worthiness of ag applicants. Strong desire to get back into farm management. Prefers larger commu nity, but open. $25,000. Call 712-779-3567. JT-4 AG LENDING: Currently Sr. Loan Officer for FCS. Four years experience. Former supervisors give high recom mendations. Described as, “Strong in interpersonal skills and communications. Good in tough workout situations. Work horse. Picks up on policies and procedures quickly. Very competent.” Conservative lender. Prefers larger com munity. $35,000. Call 712-779-3567. JT-5 SR. OFFICER/CEO: Currently serves as VP responsible for credit administration, lending, loan review, personnel and operations in $42M bank. Major accomplishments in clude the development of new credit and internal loan review policies, establishment of computerized cash flow program and restructuring loan administration procedures. Reference says, “Excellent analytical abilities. One of your choice employees.” Candidate offers over 25 years experi ence in lending. BS in Ag Economics. $40,000>$50,000. Call 712-779-3567. JT-6 SR. LOAN OFFICER: Five years plus experience in ag lending. Manages 4.3M ag portfolio. Strong in loan analysis, collections, bankruptcy and foreclosures. Refer ences say, “Very thorough and knowledgeable. Good com munication skills. Represents bank well.” Comes highly recommended. Looking for advancement possibilities. Prefers Wl, MN, IA locations. $28,000.Call 712-779-3567. JT-7 FARM MANAGEMENT: Served four years as program coordinator assisting farmers with marketing, production and financial management problems. Financial consultant to 50 farm clients with special assistance on land and capital purchases, budget preparation, and record analysis. Restructured several farm businesses to ensure survival and profitability. Prior experience in ag lending. $30,000-$35,000. Call 712-779-3567. We serve as the source to locate candidates who meet your qualifications and are interested in your bank, community, and salary range. We are available to assist, but allow and encourage your direct contact with our candidates. You make the choice and decision, without pressure. GARY MAAS 712/779-3567 Hwy. 92 W., Box 140 Massena, IA 50853 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Our fee is paid by the employer and is based on a percentage of the first year’s compensation. All placements are guaranteed. A complete explanation of our services, fees, and guarantees will be sent at your request. TAMMY JENSEN 712/779-2051 Hwy. 148 & 92 W est Massena, IA 50853 JT-8 SR. MGMT: Well-rounded background with over ten years in lending and management. Most recently a Sr. VP for Farm Credit Services. Responsible for management and supervision of division consisting of $200M accrual and nonaccrual loan volume in one year. Supervised staff of 30. Former CEO says, “Highly motivated, resultsoriented manager who has high work capacity.” BS De gree. $45,000. Call 712-779-3567. JT-9 LOAN OFFICER: Strong in customer relations, this indi vidual is looking for opportunities to put seven years lend ing experience to work. Started as a field rep for FCS and was promoted to a Sr. Loan Officer. Former Supervisor says, “One of best loan officers I had in regard to knowl edge and customer relations.” Double major in marketing and management. Open on location. $28,000 Call 712-7793567. JT-10 SR. CREDIT OFFICER: Currently works with lending and compliance. Approximately 70% of time spent in ag and 30% in commercial and consumer lending. Four years with FCS as a field rep and later spent time in restructuring, workouts, and foreclosures. Open on locations. $34,000. Call 712-779-3567. JT-11 INSURANCE: Three years as insurance agency man ager in 32M bank. Personnel manager reports, “Handles responsibilities well. Very intelligent. Does a lot of soliciting and is successful with it. Ambitious.” BS Degree in Busi ness Administration and Economics. $27,000. Call 712779-3567. JT-12 INSURANCE MANAGER: This aggressive individual offers five years experience in insurance sales. Currently responsible for selling and servicing all lines of insurance. Supervises sales force. Also responsible for bookkeeping of agency. Serves on the Board of Directors and the Loan Review Committee. Described as, “Aggressive. Very clientoriented. Ethical.” Candidate is looking for a challenging opportunity in the insurance area. $25,000 plus. Call 712779-3567. JT-13 OPERATIONS/LENDING: Sharp individual looking for an excellent opportunity in the lending field. Five years experience in lending. Also involved with operations and staff supervision. Excellent computer skills. Former super visor describes as, “...offers potential and capabilities to do both lending and operations. Ambitious individual.” BS in Ag Business. Prefers IA, MN, Wl. $23,000-$28,000. Call 712-779-3567. 712/779-3567 Hwy. 92 W., Box 140, Massena, Iowa 50853 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis JT-14 LOAN OFFICER: Involved in credit and lending for eleven years. Veteran in Ag, Installment and Commercial Loans. Trained in money market accounts, IRA’s and time CD’s. Excellent in analysis and collections. Very good with FmHA loans. $25,000-$30,000. Call 712-779-3567. JT-15 CEO/CFO: Summa Cum Laude in Economics and Finance. CPA with honors. Fifteen years supervisory ex perience. Five years as President and five years as Chair man of the holding company responsible for turning trou bled bank to profitability. Knows insurance and computers. Strong leader. $40,000-$50,000. Call 712-779-3567. JT-16 VP/LOAN OFFICER: Four years as VP in NE bank. Responsibilities include all types of lending, budgeting, compliance and planning. In charge of writing loan policies and bank marketing. Nine years in credit and six as bank examiner. BS in Economics. Excellent lending and man agement skills. $40,000. Call 712-779-3567. JT-17 CEO/SR. MGMT. Fourteen years plus banking experi ence. Holds JD. President and COO of 300MM holding company. Responsible for establishing six new trust de partments. Capable in all areas of banking. As a reference says, “He is regarded as a skilled and effective banking executive.” $75,000. Call 712-779-3567. J T -1 8 SENIOR MGMT: Well-rounded background in lending and management. Strong in turning around unprofitable situations. Good computer knowledge. Three years as an EVP in Northwest IA bank. Holds life insurance license. Reference responds, “He knows every facet of lending and management skills.” $40,000. Call 712-779-3567. JT-19 AG LOAN OFFICER: Over seven years lending experi ence. In-depth work in cash flows, analysis, workouts, and supervising loan procedures. Qualified appraiser. Dairy and general ag background. A reference states, “He has sound judgment and a high energy level.” $24,000. Call 712-779-3567. JT-20 VICE PRESIDENT: Outstanding individual experi enced in lending, operations and insurance offers over five years experience in 17M bank. Computer literate. Excellent loan quality. Involved with student loans, SBA and FmHA guaranteed loans. Desires to relocate to Iowa City area. $31,000 plus. Call 712-779-3567. agri careers,inc. 515/394-5827 Hwy. 63 S., Box 307, New Hampton, Iowa 50659 OVER 60% OFALL BANKSIN OUR MAMETAREA ARE NOW INSURED 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. That's 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. TOWLE President 611 Kansas Avenue P.O. Box 1654 Topeka, Kansas 66601 Phone 1 -9 1 3 -2 3 4 -2 6 3 1 FINANCIAL IN STITUTIO N BONDS, SAFE DEPOSITORY LIA BILITY, CHECKS KITING FRAUD INDEMNIFICATION, DIRECTO RS AND O FFICERS LEGAL DEFENSE AND LIM ITED INDEM NITY PO LICIES https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Serving th e H e artla n d of A m erica sin ce 1 9 0 9 OVER 60% OFALL BANKS IN OUR MARKETAREA ARE NOW INSURED* 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 bon din g needs for 6 of every 10 banks. That's 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 COMPANY. GIVE US A CALL - YOU’LL BE GLAD YOU DID. THE KANSAS BANKERS SURETY COMPANY DAVID E. ABENDROTH Senior Vice President DONALD M. TOWLE President 611 Kansas Avenue P.O. Box 1654 Topeka, Kansas 66601 Phone 1 -9 1 3 -2 3 4 -2 6 3 1 FINANCIAL IN STITUTIO N BONDS, SAFE DEPOSITORY LIA BILITY, CHECKS KITING FRAUD INDEMNIFICATION, DIRECTO RS AND O FFICERS LEGAL DEFENSE AND LIM ITED INDEM NITY PO LICIES https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3 F irsT ier More o f what it takes to serve you well. Correspondent Services 5 F irs T ie r B an ks Lincoln • Omaha FirsTier Bank, N.A., Lincoln and FirsTier Bank, N.A., Omaha, Members FDIC B ^ ^ duct manager for the city of St. Paul’s planning and economic devel opment department. He has also worked for the Minnesota Housing Finance Agency as a loan officer. ST. LOUIS PARK: William D. Wilkening has been named president and CEO of Citizens State Bank of St. Louis Park. He was also elected to the bank’s board. He previously served as president of Norwest Bank of Bloomington, and was with the Norwest organization for 36 years. Illinois News • • • • • CHICAGO: Harris Bankcorp, Inc., parent company of Harris Trust and Savings Bank, today completed its purchase of 100 percent of the com mon stock of Norris Bancorp, Inc., owner of the State Bank of St. Charles and The First National Bank of Batavia. Total purchase price of the two west suburban banks was $25,550,000, which in cludes assumption of a $3,550,000 bank stock loan owed to Harris Bank by Norris. Purchase of the two banks brings to ten the number of Chicago suburban banks acquired by Harris Bankcorp since its acquisition program began in 1983. Eugene W. Butler will remain as president of State Bank of St. Charles and Louis J. Sehring will re main as president of The First National Bank of Batavia. CHICAGO: Ray Camp has been pro moted to first vice president in the asset based lending division of The Exchange National Bank of Chi cago. Before joining The Exchange in 1984, he was a vice president at Midlantic National Bank, and prior to that, vice president at LaSalle National Bank. Robert A. Boor has been promoted to vice president. He is manager of the securities process ing department in the bank’s capital markets group. He joined the bank as staff auditor in 1979. Ann Marie Klingenhagen has joined The Ex change as vice president and manager of the bank’s newly created Financial Center. She was most recently vice president of retail in vestment services for Citizens Bank in Flint, Mich. CHICAGO: Edgewood Bancshares Inc., Countryside, has filed an ap plication for Federal Reserve Board approval for the formation of a new holding company to be named EdgeMark Financial Corporation. Edge- wood will open a new bank to be located in Rosemont, to be called EdgeMark Bank—Rosemont, and acquire Merchandise National Bank of Chicago. The acquisitions are scheduled for completion by the end of October. Upon completion, Edgewood would have over $450 million in assets. MORTON GROVE: John S. Corneliuson has been promoted to vice chairman of Affiliated Bank/Morton Grove. He has served as president of the bank for six years, prior to which time he was president of Citizens National Bank of Chicago. Paul W. Velten has been promoted to presi dent and chief operating officer of the bank. He will also retain his title as senior vice president with Af filiated Banc Group. Nancy L. Kosobud has joined that company as vice president in charge of loan review. She previously served as a vice president at Continental Illinois National Bank of Chicago. A Meeting Of The Minds. 1■ c i ,*■ At Security National Bank, our minds are on meeting all your Correspondent Banking and Investment needs. We’re Security for you! ¡Ë 1 ** Wilma Weeks Correspondent Services Officer 712-277-6769 Richard Kunz SECURITY NATIONAL BANK IN SIOUX CITY, IOWA. MEMBER F.D.I.C. Investment Representative 712-277-6522 After m ore than 120 years of providing correspondent banking services to the M idw est, you can say weVe had a chance to polish our trade. Find out for yourself. Count on Com m erce. 1800 892-7100 1800 821*2182 * * https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis * * (Outside Missouri) ilk Commerce Bank o f Kansas City South Dakota News The South D akota Bankers Association will sponsor a seminar entitled “Lender Liability in Financ ing: Major Causes and Effective Cures,” at the Ramkota Inn in Pierre on August 26. Attorneys Vance Goldammer, Robert E. Hayes and Brent Wilbur will lead the seminar. Registration opens at 8:30 a.m.,with the program running from 9:00 to 12:30. Fee is $35 per person. Contact the SDBA to register. WANT ADS— Rates are $5.00 per line per insertion. Add $5.00 for file letters per insertion. Identity of file letter advertisers cannot be revealed. NORTHWESTERN BANKER, 1535 Linden Suite 201, Des Moines, Iowa 50309. Phone 515/244-8163 POSITION AVAILABLE BANK CARD CREDIT MANAGER— A m ajor m idwest client bank is seeking an individual to m anage the Credit Depart ment of their Bank Card Center. This position requires a minimum of 5 years of related credit card/credit background. Send resume in com plete confidence, in cluding salary history, to: EARL R. FELL & ASSOCIATES 4210 Shawnee Mission Pkwy., Suite 100A Shawnee Mission, KS 66205 BANKING 'Professional assistance in hiring and career advancement" careers quality service by experienced professionals 525 M e rle H a y Tow er D es M o in es, Iowa 50310 515-276-1151 am Jean Eden 515-276-1151 Sandi G arner 515-832-1258 Tues / Wed / Fri Confidential. Fees Paid by Employer. $22mm N. IA bank needs EVP AND SR. LOAN OFFICER. 5-10 years ag loan experience essential. Responsibilities include adm inistratio n, docum entation, com pliance, supervision of staff and call program in loan area. Also various bank com m ittees. Salary com m ensurate to experience. Contact File No. W N S c/o Northwestern Banker. (PA) DATA PROCESSING SYSTEM. TX Instruments Business System 300 including 1 Tl Business System 372A with 256K processor, 38M B fixed disk, 14.5 M B Va” tape back up & terminal console. Also, 1 MC306 6-channel controller, 3-WySE W Y50 CRTs, 2-TI model 880 printers with paper trays. Contact Chuck W atson, Central States Resources Corp., P.O. Box 250, Gretna, N E 68028. (800)228-8025. (FS) AG LOAN OFFICER— M inim um 3 yrs. exp. College degree, FmHA & general banking a plus. Comm unity minded. Send resume to: J.W. Sherwood, Pres., Peoples-Webster County Bank, P.O. Box 385, Red C loud, N E 68970. (PA) POSITION WANTED INTERNAL BANK AUDITOR— Opportunity to head up established Auditing Departm ent in eastern Nebraska bank. Experience in banking required. Contact File No. W NV, c/o Northwestern Banker. (PA) AVP, 16 yrs. bank lending exp., prev. Fin. Co. Mgr., seeks same or VP position in com m unity bank. Active communi ty involved. Prefer bank under $50M. Contact File No. W NV c/o Northwestern Banker. (PW) POSITIONS AVAILABLE 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 For information contact: IN V E S TM E N T CENTERS 1-800-544-7113 First Dakota Building P .O . Box 2796 Bismarck, ND 58502 or P .O . Box 65697 West Des Moines, IA 50265 PRESIDENT— Are you eager to m anage your own bank? Small N. Iowa holding co. bank offers superb opportunity to m anage. If you have outgrown your existing job call now! A clean Camel rated “2” b *n k that will pay top dollar for top talent. Seek 8 + yrs. ag lending exp & proven leadership ability. To$45K . Job#N W 3560 SENIOR LENDER— Profitable bank located In S. Minn, seeks ag oriented lender to head up loan dept. Resp’s will include ag (mainly), real estate and consum er areas. Dairy emphasis. 2 + yrs. ag lending exp. along with a desire to advance required. Position will m anage lending area. Mid to upper 20’s. Job #NW3561 CASHIER— Are you looking to join a bank where hard work and new ideas mean something? 4 + yrs. operations exp. incl. supervision could be your entree. Responsibilities for report preparation, teller, bookkeeping and proof supervi sion as well as other mgmt. areas. Some computer ex posure required. To mid-20’s. Job#NW 3562 CALL PAUL G ENTZKO W OR BILL BENSON POSITIONS AVAILABLE FOR SALE VICE PRESIDENT LENDING RECONDITIONED Growing small town bank needs strong generalist for bank in heart of dairy country. Must have 4 years exp. and be com m unity oriented. Position open due to retirem ent of fers great oppty. $28K. BRANDT Coin Sorters-Counters BRANDT Currency Counters New Warranty 402 - 571-5577 VP/RETAIL MGR Are you a strong m anager with professional outlook and sales skills? Keys will be ability to develop sales force and increase loan outstandings, w ill supervise 7. Location is one of top 10 com m unities in the m idwest. $40K. TRUST DEPT. HEAD Tired of playing second fiddle? Run your own departm ent in fast growing central Iowa bank. Seeking 5 years or more bank trust dept, experience and mgt. skills. If you enjoy be ing commty. active and playing a part in day to day mgmt. of organization. $43K. O F M W M .M C . 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 ALL FEES COMPANY PAID (612) 339-9001 ALL FEES COMPANY PAID POSITIONS AVAILABLE TRUST MARKETING - large urban bank. Requires degree and trust experience. COL. GORDON E. TAYLOR Box 949 - Mason City, la. 50401 515/423-5242 Professional Auctioneer Real Estate Broker and Appraiser FOR FURTHER INFORMATION CONTACT KURT ROSENCRANTS ROBERT HALF 3636 IDS Center Minneapolis, MN 55402 Serving bankers quietly and efficiently. CAPITAL PERSONNEL SERVICE 815 Office Park Rd., Suite 6 West Des Moines,'Iowa 50265 515-226-0510 $35K REAL ESTATE LOAN - single fam ily 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 COM MERCIAL LENDING - V.P. positions in urban and large suburban banks. Personal portfolios from $20MM to $50MM. $40 K BRANCH M ANAGER • handle small business and con sumer credits. Med-size com m unity a ffiliate of multibank holding company. $24K 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. 14 Northwestern Banker Newsletter (USPS 873-300) is published weekly by the Northwestern Banker Company 1535 Linden Street, Suito 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 mall 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
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