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Des Moines, Iowa Consumer Tips on Home Equity Loans B ORROWERS and lenders should exercise prudence when it comes to home equity loans, it is urged by the American Bankers As sociation. Home equity loans are an important, yet complex financial tool according to Robert Moyer of the American Bankers Association, but they’re not for everyone. Mr. Moyer’s comments were pro mpted by the final release of the ABA’s new consumer brochure — What You Should Know About Home Equity Loans. The brochure, which is available to all consumers, marks the second part of ABA’s home equity public-awareness pro gram. Earlier this year, the associa tion published a Home Equity Alert Kit that provides bankers with guidelines for home equity loan ad vertising. “ A lot of institutions have jumped on the home equity band w agon m a k in g c o n su m e rs particularly vulnerable to aggres sive home equity marketing,” said Mr. Moyer, who is chairman of ABA’s Consumer Issues Task Force and vice chairman and chief execu tive officer of Wilber National Bank, Oneonta, N.Y. “Bankers and other responsible lenders should take the lead in educating the public about the pros and cons of home equity loans.” ABA’s home equity brochure, which will be distributed through banks nationwide, outlines the fol lowing benefits and pitfalls of home equity loans: Consumers should keep in mind home equity loan benefits: • Convenience - the revolving line feature and the higher credit limit give consumers the ability to accom modate most of their lending needs on their own, thereby avoiding re peated visits to the bank. • Competitive Rates - home equity loans often are available at more competitive rates than other con sumer loans. • Liquidity - a house is a valuable, albeit non-liquid asset, but a home equity loan offers consumers a way to tap dormant equity by converting part of that built-up equity into per sonal cash flow. • Time - consumers have the op tion of longer repayment terms which appeal to disciplined bor rowers. • Tax Advantages - some interest payments on home equity loans are still deductible, even though Con gress will phase out other consumer loan interest deductions by 1991. But they should keep in mind po tential home equity loan pitfalls: • Debt Overload - don’t risk the equity in your home if you are not able to take on additional debt. • Variable Rates with no Limits — many home equity loans don’t have limits of “caps” on how high rates July 20,1987 can go. • Foreclosure Risk - if you are unable to meet loan payments, fore closure is a feasible, but (to date) a rare occurrence. • Aggressive Lenders - beware of aggressive home equity marketing, especially from non-traditional lend ers who may cut corners, skip tho rough appraisals, provide only mini mum information on loan terms and make inappropriate loans. • Interest-only Payments - think twice about interest-only payments, they may encourage perpetual debt. • Temptation toward Frivolous Spending - home equity loans have been blamed for encouraging un necessary spending. Generally, these loans should not be used for something that will depreciate in value over time. • Closing Costs - like any other mortgage, a home equity loan has up-front costs and some also have annual fees. The brochure also warns con sumers that home equity loans should not be used to cover current living expenses or to increase your standard of living beyond your means. Appropriate uses include major purposes such as home im provement, education, medical ex penses, and prudent debt consolida tion. In addition, the brochure features ABA’s standard home equity check list of questions consumers should After more than 120 years of providing correspondent banking services to the M idwest, you can say we’ve had a chance to polish our trade. Find out for yourself. Count on Commerce. 1800 892-7100 1800 821*2182 * * https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis * * (Outside Missouri) Norwest Bank Des Moines, N.A. NORWEST BANKS Call (515) 245-3131 or toll-free (800) 362-2514 v im if f in Member FDIC Teamwork: one of the reasons we’re first in Iowa. John Rigler Dorothea Wolfe ask lenders when shopping for a officer of the correspondent bank home equity loan. division at Commerce Bank (then Consumers may contact then- Commerce Trust Company) for local bank for a copy of How To many years. He is survived by his Shop For Home Equity Loans or wife, Lucy, and one daughter, they can order a free copy by writing Scotty. to “ Home E quity B rochure,” Iowa News American Bankers Association, 1120 Connecticut Avenue, NW, 8th Ju st a reminder to register for the Floor, Washington, DC 20036. □ 4th Annual President’s Golf Tourna ment Aug. 17 at the Thunderhills Golf and Country Club in Peosta, Richard Dunlap Dies near Dubuque. $50 covers green Richard L. Dunlap, 90, who re fees, one-half cart and a prime rib tired from Commerce Bank of Kan dinner. Cost without cart is $45. Tee sas City in 1965 as a vice president, times begin at 11:45, cocktails fol died suddenly on July 8 at his home low at 6:00 and dinner is at 7:15. To in Kansas City. Mr. Dunlap was register, contact Lori Graf at the widely known throughout Missouri, IBA office. Kansas, Nebraska and Iowa as an Jerry Trudo MNB Correspondent Banker Together We Can Accomplish Great Things Call 319-398-4306 or toll free 1-800-332-5991 The------ Strength Eastern |owa Merchants National Bank isi Cedar Rapids. Iowa 52401 Member F 0 1C https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A BANKS OF IOWA BANK The IBA will offer Self-Directed IRA and Discount Brokerage semi nars at ten locations during July. The two-and-a-half hour meetings are being presented by Collin Fritz and Association, and are free. Dates and locations are: 22nd—IBA Boardroom, Des Moines; 23rd— First Interstate Bank, Crossroads Mall, Fort Dodge; 23rd—Manufac turers Bank & Trust, Forest City; 24th—Dickerson County Savings Bank, Milford; 28th—Security Na tional Bank, Sioux City; 28th—Iowa Western Community College, Coun cil Bluffs; 29th—First National Bank, Fairfield; 29th—Hills Bank & Trust, Coralville; 30th—First Na tional Bank, West Branch office, Dubuque; 30th—The National Bank of Waterloo, Crossroads Drive-Up office. The seminars begin at 9:30 a.m. at the Des Moines and Milford locations, at 8:30 a.m. at Fort Dodge, Sioux City, Fairfield and Du buque, and at 2:00 p.m. at Forest City, Council Bluffs, Coralville and Waterloo. To register, contact Lori Graf at the IBA office. The IBA and Collin Fritz & Asso ciates will present “An Introduction to the Individual Retirement Ac count” at three locations in August: Aug. 11—The Highlander, Iowa City; Aug. 12—Savery Hotel, Des Moines, and Aug. 13—Siebens Forum, Buena Vista College, Storm L ake. R e g is tr a tio n for IB A members is $100 for first attendee, $85 for each additional; for subscrib ers is $125 and $115 for each addi tional, and for non-members is $150 and $140 for each additional. For more information, contact the IBA. CEDAR RAPIDS: The story on page 59 of the July N o r t h w e s t e r n B a n k e r that mentions Merchants National Bank of Cedar Rapids, should have correctly identified the bank involved as Merchants Na tional Bank of Winona, Minn., as correctly reported under the “Min nesota News” heading in this issue of the Newsletter. ELDRIDGE: Banks of Iowa has an nounced the completion of the acqui sition of Central Trust and Savings Bank of Eldridge. Central Trust had assets of about $42 million on June 30, and Banks of Iowa had consoli dated assets of about $2.2 billion. Banks of Iowa will add $1.8 million to the capital account of Central Trust, which will increase the bank’s capital and reserves to about $4 mil lion. Nebraska News Nebraska Bankers Association Area Bankers Meetings will be held I t's easier to talk Iowa banking with people w ho live it — people like Steve Brewer and the corre spondent staff at Bankers Trust. Call 1-800-362-1688 or 515/245-2424. B a n k e rs T ru st Member FDIC Des Moines, IA Steve Brewer Commercial Banking Officer CAREERS, INC. BANKING PERSONNEL SPECIALISTS BANKERS AVAILABLE NJ-1 VICE PRESIDENT—Six years lending experience. Handles $5mm portfolio for major holding company bank ^ f o r past 3 years. Deals primarily with ag, also involved with ^com m ercial, real estate, and consumer loans. Skilled in analysis, very thorough in documentation. Reference de clares, “ An honest, hard working young man who puts forth 100% effort. A good thinker, and able to make deci s io n s . EXCELLENT people skills; makes friends quickly ^ a n d fits in easily. Customers, co-workers, and supervisors are all pleased with his performance.” B.A. Bus. Admin. $28-$30,000. NJ-2 SR. OFFICER/LOANS & OPERATIONS—Nine years as VP f i n $75mm bank. Equally experienced in lending and operations. Handles ag, commercial and real estate loans, supervises tellers, in charge of asset/liability management, government reports, computers, etc. Interested in advanc ing his career to a senior management position in smaller f bank. Prefers W. IA or E. NE area. B.A. Business with Ac counting emphasis. $30,000. NJ-3 0PERATI0NS/ACC0UNTANT-Has spent the past four years as VP/Cashier with major holding company bank. In charge of operations, personnel, investments, supervising • tellers, customer service, reports, and marketing. Pre viously employed as accountant for a smaller bank holding company. References include, “ Really top notch account ing and operations skills. Gives 100% to the job.” B.A. double major in Accounting & Economics. $26-$30,000. ^ NA-4 AG LOAN 0FFICER/INS. AGENT—Two years experience in ag lending. Some consumer and real estate. Has insur ance and real estate license. Knowledgeable with IBM and Cado Computers. Vo-tech school. Will locate in midwest. m $20,000. * N A 5 VICE PRESIDENT/ADMINISTRATIVE— Iowa State Graduate. Ag Business/Marketing Management. Ten years of banking experience. Oversee more than 50MM in loans. Completed AIB courses, plus other related semi- nars. Received awards for sales ability. “ Does good job handling problem loan portfolios and analyzing credit problems. Thinks on his feet. Could run a small bank,” were comments from a reference. $48,000. NA-6 ASS’T V.P./L0AN OFFICER—12 years of ag credit ex perience with bank and FmHA. Some experience in con sumer and real estate lending. Familiar with Lotus 1-2-3 computerized ag documents. “ Good head on his shoul ders... knows the technical aspects of farming and credit analysis...very conscientious,” says reference. 4 year de gree in Animal Science and Ag. Business. $35,000. NA-7 VICE PRESIDENT—Administered all types of credit. Has complete charge of bank functions. Worked with audi tors and examiners. “ Is accurate and has good documen tation. Good decision maker and works well with staff,” re ported reference. Prefers Iowa. 15 years bank experience. B.S. Degree. $35,000. NA-8 VICE PRESIDENT/CASHIER—Handles 18mm in ag, commercial, consumer and real estate loans. Recently became chief operations officer. Involved in new business development and asset liability management. Insurance license for life and health. 4 year degree in Ag. Economics. Completed one year in Graduate School of Banking. $40,000. NA-9 LOAN OFFICER/MANAGEMENT/INVESTMENT-Offers three years in ag sales and nine years in ag lending. “ Has excellent analytical abilities, good documentation with very strong agricultural background. Admired by peers,” says reference. “ Very business like and good personality,” commented another reference. MS in Ag. Finance. Avail able August 1st. $35-$40,000. NA-10 CASHIER—Comes with three years as bank exami ner, ten years in bank operations at #2 position. “ Very pro fessional and relates well to other people. Knowledgeable and documents well,” quoted reference. Prefers metro area or close by. BA degree. $26,000 plus benefits. 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. , , , JEAN EDEN 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. ANNETTE FAHNING 515/394-5827 Hwy. 63 S., Box 307 New Hampton, IA 50659 NA-11 AG LOAN OFFICER—BA degree in Management. Of fers experience in ag and consumer lending and cash flows. Proficient on computer. “ Customers go out of their way to do business with him...most likeable chap,” relates reference. $18-$20,000. the years. Experienced as bank auditor and operations e x -^ aminer. Prefers midwest. $37-$40,000. NA-12 LOAN OFFICER—Handles 45MM in ag and commer cial loans. Has experience in FmHA guarantee loans. Has worked with collections and bankruptcies. Computer skills include spreading financial statements, preparing cash flows and developing programs. “ For the short time he has been in lending, he possesses very good technical and analytical abilities. Has excellent documentation and good deductive thinking,” relates a reference. I.S.U. Graduate. BS in Ag Business/Finance. $27,000. NJ-16 COMMERCIAL LOAN OFFICER-Currently employed (for past 4 yrs.) by one of nation’s leading bank holding companies. Responsibilities include development, evalua-^ tion and maintenance of business lines of credit and term loans. In charge of $5mm loans to wholesalers, high tech companies, contractors, and small retail businesses. De veloped over $3.5mm in new business last year. Extensive training in commercial loans, asset conversion, financial^ statement analysis, sales, pricing commercial loans, real estate, LOTUS 1-2-3 and FAST software. Numerous awards and recognitions in banking. B.A. Finance. Wants NE, IA, MO, CO location. $25,000. NA-13 AGRICULTURAL REPRESENTATIVE-Previous work experience includes FmHA, ASCS and grain sales. Knows cash flows and budgets. Can appraise real estate and chattels. Has insurance licenses for Credit Life, Accident and Health. Working on license for securities, bonds and mutual funds. A reference commented “ does a real good job in number analysis and documentation. Very conscien tious and well liked by customers.” BS Degree $25,000. NJ-17 AG/C0MMERCIAL LOAN OFFICER-Four years in bank ' ing, in charge of $6mm ag and $1,5mm main street com mercial loans. Very successful in getting FmHA guaran tees accepted. Excellent references: “ One of the most competent and efficient loan officers I’ve seen, and so pleasant to work with.” Holds all insurance licenses, col lege degree, and several job related seminars. Prefers NE or W. IA. $28,000 + bonus. NA-14 ASS’T VICE PRESIDENT—“ Has had good exposure to ag lending. Can handle commercial loans also,” re ported reference. Has been involved in business develop ment and customer relations. Offers operations experi ence. Has ten years of banking. Prefers IL, IA or Wl. BS Degree. $32,000. NJ-18 LOANS/MANAGEMENT—Eight yrs. total bank experi ence, now serving as #2 officer in $25mm bank. Respon-# sible for branch office, $6mm in loans and supervision of staff. Spent five yrs as #2 in ag dept, of large bank. Now works with installment, real estate, and main street com mercial loans as well as ag. Handles SBA and FmHA gua rantees. B.S. Bus. Admin. Grad. School of Banking, A g # Credit School, adept with personal computers, and holds insurance licenses. “ An excellent loan officer, keeps on top of past dues and collection problems, thorough docu mentation, and can bring in choice new accounts,” relates reference. $30-$35,000. • NA-15 EVP/PRESIDENT—Comes with almost 20 years of banking and operations experience. “ They don’t come any better...highly motivated...good communicator...can supervise. Wish I had him back,” quoted reference. A prize employee!!! Vast knowledge of computers. Attended Graduate School of Banking and many AIB Courses over POSITIONS AVAILABLE 1 VP-MARKETING OFFICER -S r officer position in strong bank located in W. IA town of 5000+ . Primarily involved in customer relations, promoting con sumer financial services, advertising. Will also supervise teller line. Should understand accounting and EDP side as well. Requires 5-10 yrs. bank exper ience. $28’$32,000. 3. EVP—Sound bank located 1 hr. from Omaha and 5 minutes from town of 10,000. Thriving community, good schools, etc. Responsible for $5mm loans (consumer, student, ag, R.E.) and overall bank management. Mini mum of 3 yrs. bank experience needed, operations and computer skills helpful. $25-$32,000. 2. CEO—Small but very profitable bank in N. IA; good condition, strong owner ship. 7-10 yrs. experience required; emphasis on ag lending and opera tions. Attractive location. $35-$40,000 + extras. 4. VP/0FFICE MGR.—Excellent N. IA location! Clean bank with good growth potential. One of several banks held by progressive owners. Requires 3-5 yrs. lending experience, a good business 712/779-3567 https://fraser.stlouisfed.org Hwy. 92 W., Box 140, Massena, Iowa 50853 Federal Reserve Bank of St. Louis apri CAREERS, INC. developer and PR person. Great ad vancement opportunity. $25-$28,000. 5. AG LOAN OFFICER—$50mm bank on IA/IL border. Growing community, close to several metro areas. Serve as #2 in ag dept. Duties include loans, farm calls, updating documentation system, and business development. Opportunity to work with commercial, consumer, & R.E. loans and opera tions. Can advance to VP rapidly. Mini mum of 2 yrs. ag lending experience needed. Bennies include full insurance, retirement, profit sharing, yr. end bonus. $25,000. 515/394-5827 Hwy. 63 S., Box 307, New Hampton, Iowa 50659 ^ ® Ä ~ ^ FirsTier Correspondent Services J ll f l k ffiffla i 3 More of what it takes to serve you well. -MM-Miik vtmSMW x w lllP > F irs T ie r B an ks FirsTier Bank, N.A., Lincoln and FirsTier Bank, N.A., Omaha, Members FDIC throughout August. The program begins at 2:30 p.m. with registra tion, followed by a welcome address y NBA President Don Blaha at :00, government relations report at 3:15, economic development report at 4:30, NBA services report at 5:15, VEBA update at 5:30, reception at ^ :4 5 and dinner at 6:30. The dinner will feature a motivational presenta tion by Dan Baker. Fee for the meet ing is $35 for bankers and $25 for spouses/guests. You must register f r ith the NBA office by Aug. 6. Dates and locations are: Aug. 11— Omaha Ross’ Steakhouse, Aug. 12— Beatrice Elks Club, Aug. 13—Col umbus New World Inn, Aug. 18— ^ co ttsb lu ff Country Club, Aug. 19— McCook Elks Club, Aug. 20—Kear ney Ramada Inn. Chapter will sponsor a Bank Secrecy Act Seminar for bank customer con tact personnel, in cooperation with the Internal Revenue Service. It will be offered in 23 locations during July, August and September. For more information, contact the MBA office. * * * The American Institute of Bank ing will hold the following seminars at the AIB Education Center in Minneapolis: July 23—Management and Supervisory Skills; Aug. 4— In troduction to Lotus 1-2-3; Aug. 4—Making the Transition to Super vision; Aug. 5—Interim Construc tion Financing; Aug. 6—Your Pro fessional Development; Aug. 6— Working Effectively with Your Supervisor; Aug. 12—Communicat ing Assertively. For more informa Minnesota News tion, contact Judy Clark at (612) # Minnesota Bankers Services, Inc. 338-8482. (MBSI), a subsidiary of the MBA, has developed a 401(K) plan for MINNEAPOLIS: Cordell Cleveland MBA member banks and their em has been named vice president, com ployees with Universal Pensions, mercial loans at Norwest Bank Old « n c . as administrator and with in St. Anthony’s Eagan office. He vestment options provided through joined the bank in 1985 and pre Investment Advisers, Inc. A semi viously served as assistant vice nar to introduce the plan is being of president and branch manager. fered at three locations in August: WINONA: R. Peter Roehl, presi • i t h —Holiday Inn, New Ulm; 5th— dent of Merchants National Bank, Sheraton Inn Northwest, Brooklyn announced recently th at directors of Park; 18th—Holiday Inn, Bemidji. the Merchants holding company had Registration is at 9:00 a.m. and the declared the bank’s 195th consecu seminar runs from 9:30 until noon. tive, semi-annual shareholder divi • I t is free. The seminar has been ap dend. This followed the board’s proved for 2.5 hours of insurance April decision to declare a four-foragent continuing education credits. one stock split. The $1.05 dividend Register through the MBA office. was mailed June 15 to all share * * * holders who owned stock May 15 ® The MBA and the American In and the dividend is 12% greater stitute of Banking’s 17 Minnesota than the dividend payment a year study groups plus the Southwest ago. On page 59 of the July N o r t h Randy Steig https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Lincoln • Omaha w e s t e r n B a n k e r , this story was in correctly identified with the Mer chants National Bank of Cedar Rapids, la., whereas it should pro perly be identified with the Mer chants National Bank of Winona, as noted above. We apologize for this editorial error. Wyoming News The Wyoming organization of the American Institute of Banking has announced its “ 1st Annual State A.I.B. Leadership Workshop” will be conducted September 25 and 26 at the Downtown Motel in Casper. Full program details and registra tion information have been mailed to each Wyoming bank. Colorado News BOULDER: The management team at the merged United Bank of Boul der has been announced. It consists of Michael Austin, executive vice president and senior credit officer; Donald E. Martin, cashier and se nior vice president—commercial loans; James D. Bostwick, vice president and senior tru st officer, and Sharon L. Powell, vice president and chief financial officer. DENVER: Harlan L. Pepper has been named chief financial officer of Central Bancorporation, Inc. He continues in his current position as vice president for Central Bancor poration’s investm ent strategic business unit and senior vice presi dent for Central Bank of Denver’s investment and funds management division. He succeeds Thomas B. Walker, who will become president of First in Palm Beach, a subsidiary of Southeast Bank, N.A. of Miami. 4 NEW OPPORTUNITIES A Meeting Of The Minds. CEO—Small Iowa bank needs a seasoned p ro fe s s io n a l with good operations, ag lending background. .To $40,000^ JR. REAL ESTATE LENDER—Top rated group is looking for a sharp, aggressive professional with 2 years experi ence and desire to move up................................To $24,000 At Security National Bank, our minds are on meeting all your Correspondent Banking and Investment needs. We’re Security for you! COMMERCIAL LOAN—Prefer large bank training and ex perience for a $40mm commercial department. To $38,000 BANK AUDITOR—CPA/CIA or CBA with bank audit expert-® ence and supervisory skills................................ To $28,000 Ron Kiel Correspondent Banking Officer 712- 277-6736 Michael Moreland SECURITY N A TIO N A L BANK IN SIOUX CITY, IOWA. MEMBER F.D.I.C. AG LOAN OFFICER—Good opportunity for a Jr. Officer to improve career path........................................... To $23,000 Vice President Investments Financial Careers, Inc. 712- 277-6616 Two Ruan Center/Sulte 1000, Des Moines, IA 50309 515/245-3786 A W Employer pays fee. Holding company formations and other management services SW ORDS ASSOCIATES. INC. PROFESSIONAL BANKING CONSULTANTS 2 Brush Creek Blvd. Kansas City, MO 64112 (816) 753-7440 POSITION AVAILABLE FOR SALE VAULT DOORS, U.L. Rated. American Bank Equipment, Inc. 402-571-5621. A sensible alternative. Serving the banks of Nebraska and Western Iowa. Sales - Service - In stallation. (FS) Walker State Bank, Walker, IA seeks CEO. Insurance ex perience helpful. Friendly community. Good bank. Send resume to Terry Engelken, Iowa State Bank, Center Point, IA 52213. (319) 849-1838. (PA) ONE NCR 8271 PROCESSOR and 28-956 Disk Packs. Contact Ron Warford or Al Eygabroad, First Trust & Savings Bank, Armstrong, Iowa 50514. Phone (712) 864-3250. (FS) BANK OFFICER. Due to pending acquisition & promotion, an immediate opening exists for a lending officer. In confi dence, contact Jerry Tack, VP, Hawkeye Bank & Trust, Mason City, IA 50401. (515) 423-2427. (PA) Repossession of complete fixtures for a 4000 square foot clothing store include CASIO 32 department electronic cash register. Purchased new in 1984. Original value $12,500.00, will sell for $5,000.00. Contact John or Frank, National Bank of Canby, Canby, MN, 507-223-7231. (FS) CHIEF EXECUTIVE OFFICER is retiring. $48MM bank look ing for an aggressive #2 man that wants the opportunity and challenge to run his own show. Send resume to File No. WJQ c/o Northwestern Banker. (PA) 1 WHITE POWER FILE for check size media & bank notes and 1 DIEBOLD POWER FILE for 6x4 media (microfische). Call John Hrupek @ (402) 339-9671. (FS) POSITIONS AVAILABLE CEO Excellent rural bank near metro area seeks #1 person. Must have 5+ yrs of ag lending, good operations and en joy running the show. Insurance license a plus. $35K. AG LOAN OFF. Progressive holding co. bank needs 2+ year ag lender for #3 spot in bank. Will get to go to all schools, make all types of loans and have access to holding company open ings. $23 K. SR. OPS OFFICER Growing bank wants 5 + year ops cashier-type. AG LENDER #2 person in small town bank will have chance to be #1. $Mid-20’s. SR. AG LENDER Head-up strong department. 6 yrs ag and good mgmt skills for 2500 person town. $40K. $50K. FOR FURTHER INFORMATION CONTACT KURT ROSENCRANTS R O B E R T MAftJF OF IOWA. M C. 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 ALL FEES COMPANY PAID TRUST OFFICER. $125MM bank has an excellent oppor tunity for a Trust Officer in a growing department. Candi date will be responsible for managing & expanding the current $4.5MM assets. Prefered candidate will have a law degree with 1-3 years of trust experience. Send resume to Peoples Trust & Savings Bank, Box 279, Indianola, IA 50125 Attn: Personnel. EOE/M-F (PA) VP/LOANS 2nd officer. $10MM new bank In progressive county seat community. 5 years experience in bank lend ing. Strong marketing skills required. Send resume & salary history to Jim Schipper, Pres., American State Bank, Osceola, IA 50213. (PA) RYAN AUCTION CO., INC. Decorah, Iowa 52101 Farm Equipm ent S pecialist A ppraisals & A uctions Call Dale Ryan 319-382-8648 POSITIONS AVAILABLE COMMERCIAL LENDER Are you ready to “ step up” your career? A $200mm holding co, 1 hour from Mpls needs a strong coml loan o ffic e r.^ Must be degreed with 1 + yrs either coml lending o r ^ proven credit analysis exp. An outstanding opty! To $24 K. Job #NW1969. AVP/COML LENDER Team up with a leader! Top performing holding co in major Wl city needs a hard charger to join the coml division of a $300mm bank. Must be degreed with 3+ yrs coml lending® exp, formal credit training and a professional image. HOT! To$37K. Job #NW1970. NEW BUSINESS DEVELOPER Do you have aggressive business development skills? A nat’l banking organization has a terrific spot for a high energy mid-market coml lender. Must be degreed with 5 + a yrs coml lending exp and excellent selling skills. High v is i- ^ billty! To$50K. Job#NW1971. FOR MORE INFORMATION CONTACT PAUL GENTZKOW OR JEAN TODD 3636 IDS Center Minneapolis, MN 55402 (612) 339-9001 $30K. COMM’L LENDER Clean bank in metro area. 3 + years comm’l exp. New bus development. , $36K. COMM’L HEAD Take charge of $20M portfolio and 3 lender dept. EXECUTIVE VP. $16MM bank, seeking an aggressive #2 person. The challenge involves working with loans, peo ple, and a knowledge of bank operations. Send resume to: Ivan D. Husa, Security State Bank, Stanton, IA 51573. (PA) Please contact Lorraine Lear or Malcolm Freeland con cerning these and other Midwest banking opportunities. POSITIONS AVAILABLE COMML LOAN - $50MM suburban bank with excellent growth and earnings history. Handle majority of commer cial credits. Report directly to President. $38K CEO - suburban de novo bank. Experience as CEO or COO required. Strong commercial loan and business develop- A ment skills desired. Open LOAN REVIEW - large urban bank affiliated with major midwestern holding company. Degree and 2-3 yrs. loan review/workout experience desired. $30K TRUST OFFICER ■ medium size community bank with growing trust dept. JD preferred but not mandatory. $27K COMML LOAN ■$100MM community bank. Supervise com- 4 9 mercial lending function. Future advancement possible. $45 K Additional positions available in midwestern states for experienced bankers. TOM HAGAN & ASSOCIATES 2024 Swift - Box 12346 North Kansas City, MO 64116 816/474-6874 £ “ S erving th e B anking In d u stry Since 1970” Vol. 16 No. 14 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 0
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