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Vol. 9 No. 13 Des Moines, Iowa Statewide Switch Ready in Illinois CTUAL operation of Electronic A Funds Illinois, In c., as a central switch for electronic funds transfers in the state is expected to get under way at an early date. E F I has more than 600 members—about half the banks in Illinois—and is soliciting them now for active participation. When the Illinois legislature en acted SB 906 in 1979 it authorized two types of E F T entities. The first is for proprietary systems, permit ting a system to be operated in its home county and contiguous counties. The second is for a funds transfer system, which must be non profit but could operate statewide. Major banks operate proprietary systems, and there are now 150 data centers in Illinois. E F I was organ ized as a result of an Illinois Bankers Association study four and one-half years ago and now has more than 600 members. The two largest banks—Continental Bank and First National, both in Chicago—do not belong, but can buy E F I services. Illinois law does not permit ATMs to be operated statewide; i.e. a bank customer can use his bank’s ATMs in the home county or contig uous counties, but not outside that area, as can be done in some other states. Point-of-sale units, on the other hand, are authorized state wide and these transactions can be routed through the E F I switch. If ATM usage statewide is authorized, that function also would be served by E F I. Three other statewide systems in the area have been up and running for some time. TYM E Corp. in Mil waukee, which operates Wisconsin’s statewide funds transfer system, re ported recently its May, 1980, transactions were 52 % ahead of the same 1979 month. May transactions this year totaled 553,187, compared to 362,575 for a year earlier. TYM E membership is made up of 253 com mercial banks, 27 s&ls and five credit unions, with 242 terminals, most of them ATMs. An official compared the system to Iowa’s 200,000 transactions reported by the Iowa Transfer System. Dale Dooley, executive manager at IT S in Des Moines, reported last m onth th a t to ta l tran saction s through the 191 terminals operated by the 81 participating banks cur rently is producing about 450,000 transactions at the terminals, of which 145,000 are items between banks handed by the IT S switch, and about 305,000 items are “on us” that don’t show as IT S transact ions. IT S has 560 members banks, six data processing centers, 81 par ticipating banks, and serves 42 Iowa communities. Mr. Dooley said, “If Milwaukee had Des Moines’ ATM density, Milwaukee July 21,1980 would be at one million transact ions; conversely, if Des Moines had Milwaukee’s population, it would be at one million transactions.” A recently announced study by Bank Administration Institute re ports that a survey of debits and credits at 1,989 ATMs owned by 109 commercial banks during one week last November resulted in $18,000 more in deposits than paid out in withdrawals. BA I said cash with drawals outnumbered deposits by 5 to 1, but the dollar value of deposits exceeded withdrawals by 8 to 1, thus creating the $18,000 favorable balance of deposits over withdraw als. Mr. Dooley spot checked six days’ transactions for the North western Banker and this showed deposits running approximately 3 to 1 in dollar value over with drawals. The random selected were June 24 and 27, July 2, 4, 8 and 11. This includes Tuesdays and Fri days, generally the low and high days of the week. Total deposits for those six days were $283,390 and total withdrawals were $87,403, an excess of deposits over withdrawals of $195,987. This averages for a seven day week to almost exactly $5,000 excess deposits over with drawals per week for each of the 191 terminals. Projected on an annual basis, that totals $50 million excess deposits for one year. The Nebraska Electronic Funds ASK DALE FROEHLICH to make MNB work for you. Toll free: 1-800-332-5991 Merchants National Bank isi Member F.D.I.C. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A ‘BANKS OF IOWA’ BANK Don't gam ble when choosing o correspondent bonk. Com e to the professionals. Id spondent banks on their individual systems. Marquette National has some downtown units, and Midway National is processing for a number of banks, using the POSI terminals. POSI, Inc., operated by Twin City Federal S&L, is the largest system in operation at this time. The Minnesota ATMs may be used for withdrawals; deposits are pro hibited at this time under branch banking prohibitions. □ DES MOINES • MEMBER FDIC TOLL FREE NUMBER (800) 362-1615 Transfer System is running under 10,000 switch items per month in its switch-behind configuration, ac cording to Jim Lutes, president of NETS and president of Scribner Bank. The number of “on us” trans actions through outstanding ATMs is not known. Active processing banks are United States National, Omaha; First National, Lincoln, and National Bank of Commerce, Lincoln. Omaha National Bank has rejoined NETS and is expected to add substantially to NETS volume at an early date. ATMs are placed throughout Omaha and Lincoln, as well as in several smaller Nebraska communities. In Hampton, for example, a bankless town of 200 people, both banks from Aurora have installations—an ATM, and a POS in a store. The First National Bank of York has ATMs there and in Benedict, Henderson and H ast ings. In Minnesota, the MBA Task Force continues to study statewide E F T feasibility in the form of further legislation, statewide stand ards for terminals, and interchange among systems via a central switch. Individual banks are continuing to expand their operations, most of the activity being in the Minneapolis and St. Paul metropolitan area. Banco and First Bank System have their affiliates and some corre First Stock Yards Bank and First National Bank of St. Joseph, Mo., will host their 24th Annual Market Day September 3. Registration starts at 8:30 a.m. in the First Stock Yards Bank lobby. A tour of a local industry will be followed by lunch eon at the Hoof and Horn Restau ran t. The afternoon business session starts at 2 p.m. at the St. Joseph Country Club. John E. Kam, president of First Stock Yards Bank, said the day will con clude with the traditional social hour and steak dinner at the Country Club. Iowa News AM ES: Harold Brinkman has been appointed executive vice president of the Union Story Trust & Savings Bank here effective August l| He will head the bank’s loan committee. Mr. Brinkman was recently vice president at the State Bank & Trust Co., Nevada, for 17 years before spending two years in developing private business interests. CRESTON: The Iowa State Sav ings Bank here has increased its amount of common capital from $250,000 to $500,000 by a stock dividend. G U T H R IE C E N T E R : G. M. “Barney” Barnett, president of the Guthrie County State Bank, is re covering at home following a broken leg suffered when his horse slipped while riding at his acreage. JE F F E R SO N : Roger R. Rinderknecht has been elected president of Service Filina of Claims. Review of Insurance Coverages. HU I Ul I Ih \ tU b Y b l t l l l b Risk Management. □F IG LU fU n C . Credit Insurance. 301 N. Ankeny Blvd., Suite 220 Ankeny, la 50021 515-964-1358 Brokerage Business. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis C a lla BANKERS’ BANKER h 1-800-362-1688, toll-free in Io w a First Stock Yards Bank To Host 24th Market Day C entral National Bank & Trust Com pany 1. 2. 3. 4. 5. Vc the Jefferson State Bank to fill the vacancy created by the recent death of Harlan Sterk. Mr. Rinderknecht is currently president of the Brenton State Bank in Dallas Center. He will move to Jefferson in August. R IC K ETTS: Wayne C. Kuhlmann has been promoted from cashier to executive vice president of the Farmers Savings Bank. Stephen C. Claussenwas promoted from assist ant cashier to cashier. SPENCER: The Federal Reserve Board has approved the purchase of Spencer National Bank by Central National Bankshares, Inc. of Des Moines. John W. Rahn will continue as president and no other personnel changes are planned, according to Kenneth M. Myers, president and chief executive officer of CNB. Spencer National at June 30, 1980, had $36 million in assets and approximately $32.5 million in de posits. STRATFORD: Reuben Erickson, president of the Farmers Savings Bank, has announced plans to sell his majority interest in the bank to David Hill of Ellsworth. Mr. Hill is president and cashier of the Farmers State Bank of Jewell. The sale is subject to regulatory agency ap- at SERVING PROFESSIONALLY Banking, Financial & Business Personnel Iowa and Nationwide CAPITAL PERSONNEL SERVICE 714 Central National Bldg. 515-283-2545 Des Moines, Iowa 50309 it -v ft 3 Carleton D. Beh Co. Investment Bankers/Financial Consultants A SALE DATE: July 17,1980 NEW ISSUE $2,530,000 WATERLOO, IOWA MOODY’S: Aa General Obligation Corporate Purpose Bonds Dated: August 1,1980 Denomination: $5,000 Both principal and semiannual interest (May 1 and November 1, first coupon due on May 1,1981) payable at the Office of the Treasurer, Waterloo, Iowa. IN THE OPINION OF COUNSEL INTEREST ON THESE BONDS IS EXEMPT FROM ALL PRESENT FEDERAL INCOME TAXES AND ALL PROPERTY TAXATION IN THE STATE OF IOWA. MATURITIES $100,000 100,000 100,000 330,000 7.25% May 1,1983 5.75% May 1,1984 May 1,1985 5.90% May 1,1986 5.10 $350,000 5.25 5.40 700,000 850,000 5.75% May 1,1987 5.90% May 1,1988 6.00% May 1,1989 5.70 5.85 6.00 5.55 LEGALITY TO BE APPROVED BY CHAPMAN & CUTLER, ATTORNEYS, CHICAGO, ILLINOIS Waterloo, the county seat of Black Hawk County, is located about 100 miles northeast of Des Moines. Waterloo is the center of trading and manufacturing in a rich agricultural area. Major employers in the City include: John Deere Tractor Works (tractors, 16,000 employees); Rath Packing Co. (meat processors, 1,850 employees); Waterloo Industries (tool equipment, 800 employees); Chamberlain Manufacturing Co. (ordinance research, 560 employees); Hinson Manufacturing Co. (automotive and sporting goods, 449 employees); and Construction Machinery Co. (truck mixers, 358 employees). Agriculture in the area is devoted to the marketing of livestock and the production of corn, soybeans and oats. There are three banks and four savings and loan associations in Waterloo with total deposits in excess of $650,000,000. These bonds are being issued under the provisions of Chapter 384, Code of Iowa, 1979, as amended to provide $1,900,000 for street improvements; $295,000 for bridge reconstruction; $160,000 for fire equipment; $100,000 for sewer improvements; and $75,000 for mass transit. In the opinion of counsel, these bonds are legal and binding general obligations of Waterloo, Iowa, and all taxable property located therein is subject to the levy of sufficient taxes to pay the principal of and interest on the bonds without lim it as to rate or amount. FINANCIAL STATEMENT Actual assessed value of taxable property, 1979 $1,184,687,889 31,272,000 36,812,652 Direct debt, including this issue Total direct and overlapping debt Population, 1980 estimate: 78,915 Direct debt per capita: $396.27 Total debt per capita: 466.48 Tax collections have approximated 99.68% of taxes levied for the past five years. 'f'- ■# * «ü We own and offer subject to prior sale and change in price and subject to our attorney’s approving opinion: The information contained herein is not guaranteed, but is derived from sources we deem reliable and is that on which our purchase of these bonds was based. Offered subject to prior sale and change in price. Des Moines Building • Des Moines, Iowa 50309 • 515-288-2152 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 607 Marquette Ave. • Minneapolis, Minnesota 55402 • 612-332-8825 4 proval. Mr. Erickson has served as president of the Stratford bank since 1958. Nebraska News The Special Task Force on Bank Structure, appointed by NBA Presdent Jerry Roe during the recent NBA convention in Omaha, held a series of meetings in Omaha July 7-9 and heard 10 speakers from outside the Nebraska banking community about developments in other states and at the national/international level. The Task Force now has scheduled four meetings around the state in August to afford NBA members the opportunity to view video tapes of the pertinent presen tations made, as well as to express their views to Task Force members. The meetings will be: Aug. 12, Holiday Inn, North Platte. Aug. 14, Scottsbluff Inn, Scottsbluff. Aug. 18, Villa Inn, Norfolk. Aug. 20, Hilton Hotel, Lincoln. Each meeting will commence at 1:30 or 2:00 p.m. with an overview of what is happening in Colorado, where three organizations of bank ers are at odds over bank structure, followed by the video tapes. After a dinner break, meetings with Task Force members will start about 7:00 p.m. The Task Force members will meet later, digest all the input, and if any recommendations are deemed READY NOW IOW A-NEBRASKA | BANK DIRECTORY ‘Published by N o r t h w e s t e r n Ba n k e r D ES M O IN ES COMPLETE INFORMATION ON ALL BANKS IN IOWA a J NEBRASKA ACCURATE' DEPENDABLE POCKET S IZ E The co m p le te ly re-edited 1980 editions of the Iowa Bank Directory and the Nebraska Bank Directory are available now. Up-to-date Usings of officers, statement figures, and other vital facts about all Iowa and Nebraska banks. Now only $10 for the Iowa edition and $6 for the Nebraska edition. Write the North western Banker today for your copies. The address is 306 Fifteenth Street, Des Moines, Iowa 50309. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis feasible, a second series of meetings will be held statewide so NBA mem bers may review them and offer further input to any proposals con sidered. C R E IG H T O N : C onstruction is underway on a new building for the American National Bank here. The modem structure will feature a parking area, drive-in facility and solar heating panels on its southern exposure. and is a strong supporters of the anti-inflation steps initiated by the Fed. ELY : Recent promotions at the First Northwestern National Bank of Ely include Allan Thoren to vice president in charge of loans, DuWayne Johnson to cashier and Mary Ravnikar to assistant cashier. MAPLE GROVE: Thomas W. Klick has been promoted from com E U ST IS: Eustis Bancshares, Inc. mercial lending officer to assistant of Lincoln has received consent from vice president at the Northwestern the Federal Reserve Bank of Kansas State Bank Northwest here. City to become a bank holding com pany by acquiring the Farmers NORTH MANKATO: Phil Anfang has joined Valley National Bank State Bank of Eustis. here as vice president and cashier. LINCOLN: The First National He was formerly with a Pine City Bank of Lincoln has filed for per bank. mission from the regional adminis trator of national banks to locate a ST. PAUL: First Bank St. Paul has CBCT unit at 48th and Van Dorn announced a new service for gold here. and silver investors, the Gold and LINCOLN: Citibank & Trust Co. Silver Passbook Accounts. Unlike has received consent from the de purchasing coin and bullion, owners partment of banking and finance to of the accounts do not take physical establish a detached auxiliary teller possession of the metal. Accounts office at 70th and Pioneers Boule may be opened with a minimal pur chase of three ounces of gold or 50 vard here. ounces of silver. OMAHA: The Ames Bank has re ceived consent from the department of banking and finance to establish a Illinois News detached auxiliary teller office at The Illinois Bankers Association 3303 N. 108th St. here. is sponsoring a series of NOW Ac OMAHA: The U .S. National Bank count Workshops next month. of Omaha has filed for permission Sessions will cover the planning and from the regional administrator of marketing of a NOW account pro national banks to locate CBCT units gram, operational considerations at the following Omaha locations: and financial analysis. Registration 11414 Davenport, 12039 Blondo, will begin at 8:30 a.m. and adjourn 4110 Grover, 4001 Harrison, 7110 ment is scheduled for 4 p.m. Dodge St. and 350 N. Saddle Creek Dates and locations include: Road, and 6907 S. 84th S t., Tuesday, August 5—Sheraton Oak LaVista. Brook Hotel, Oak Brook; Wednes day, August 6—Ramada Inn, Champaign, and Thursday, August Minnesota News 7—Augustine’s Restaurant, Belle E. Gerald Corrigan, 39-year old ville. special assistant to Fed Chairman Paul Volcker, has been selected as The Illinois Bankers Association president of the Federal Reserve is taking registrations for the 34th Bank of Minneapolis. He succeeds annual Ag Credit Conference Sep Mark H. Willes, who resigned that tember 17-18 at the Champaign post several weeks ago to accept an Ramada Inn. The 1979 conference appointment as executive vice pres drew more than 350 ag bankers and ident and chief financial officer of over 400 are expected this year. Six General Mills, Inc. Mr. Corrigan, speakers will address the Wednes identified as Chairman Volcker’s day and Thursday general sessions. “right hand man,” is on leave from Nine bankers will take part in three the Fed Bank of New York to work workshops, which will be presented with Mr. Volcker on his Washington twice. Six bankers will present three staff. Mr. Volcker was New York early bird sessions Friday morning. Fed president before accepting the All general sessions, workshops and Fed chairmanship. Mr. Corrigan early bird sessions will be entirely has been with the System 12 years ag-oriented. There will be a y Supplement to Northwestern Banker Newsletter 7-21-80 Experienced Bankers Available The descriptions below represent a sample of our current listing. Call and discuss the needs of your bank in complete confidence. (816) 474-6874. — f # #4756 SENIOR LENDER—Currently serving as vice president for $30MM bank. Major responsibilities are commercial and ag loans. Degree................................................$30,000 #5004 AG LOAN / INSURANCE—Presently vice president in $10MM rural Minnesota bank. Manager full line agency and handles ag and business loans.................................. $22,000 #5168 SR. ADMINISTRATIVE OFFICER— MBA and 10 years of experience. Has good commercial loan and trust back ground...........................................................$40,000 #5096 SENIOR COMMERCIAL LOAN—De gree and 20 years of commercial loan ex perience with medium size banks. Handles many large participations. Prefers sub urban area..................................................... $40,000 #5073 OPERATIONS— Experience covers both large holding company and small in dependent bank operations. Currently cashier in $18MM bank with operations and personnel responsibilities. Degree........... $24,000 #5101 EXECUTIVE OFFICER — Presently managing $40MM bank in Rocky Mountain area. Twenty-five years of experience with last eight in administrative positions. Good p u b lic re lations and lending back ground.......................................................... $40,000 #5191 JUNIOR OFFICER— Degree in ag edu cation and one year bank experience. Pre sently loan officer trainee working with ag, real estate and instalment loans.................. $15,000 #5142 OPERATIONS OFFICER—Eight years of operations experience in both small and large banks. Excellent knowledge of elec tronic banking systems and cash manage ment techniques...........................................$23,000 #5157 JUNIOR COMMERCIAL LOAN—Busi ness degree and two years suburban bank experience. Previous experience with major finance company. Has been handling com mercial and real estate loans for last six months. Prefers Rocky Mountain area. .. $18,000 #5099 INSURANCE / LENDING — Currently managing bank full line insurance agency. Has farming background and some ag loan experience. Desires college commun ity................................................................ $17,000 #4767 AGRI LOAN—BS degree and eight years of solid ag lending experience. Also #5088 AUDITOR / OPERATIONS — Advanced handles commercial and some real estate degree in accounting plus four years of loans. Well suited to larger bank..................$28,000 suburban bank experience. Handles all reports, liasion operations and computer #5178 MORTGAGE LOAN OFFICER—Bank programs plus auditing duties................... $22,000 experience includes underwriting, inspect #5199 TRAINEE—1980 business grad with ions and warehousing credits. Excellent bank operations experience. Worked partbackground in construction lending, in time for three years in $100MM bank. Most cluding commercial.................................... $25,000 ly familiar with cash letter and transit func tio n ..............................................................$12,000 #5083 INSTALMENT LOAN—Currently as #5057SENIOR OPERATIONS—#2operations sistant manager of instalment department officer in large bank. Familiar with all major in $35MM suburban bank. BA degree in areas of operations and computer func economics, 1977. Desires metro area. . . . $16,000 tions............................................ ............... $35,000 #4715 SENIOR AG LOAN—Degree in ag with #5094 CHIEF EXECUTIVE OFFICER—Curnine years of rural bank experience. Curently responsible for $36MM ag oriented ently #2 officer in $20MM bank handling ag bank. Has held administrative positions for and commercial credits..............................$30,000 the last 13 years.......................................... $45,000 TOM HAGAN & ASSOCIATES WE ARE NOT A “SEARCH AGENCY”— Bankers contact us and state their reason for achange. ■V https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2024 Swift #203 / P.O. Box 12346 North Kansas City, Mo. 64116 (816) 474-6874 BANK PERSONNEL Junior & Senior Officers for Midwestern and Northwestern Banks. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -4 ¥t 4 -~i * M. t* Call our Bond Department For up-to-the-m inute, accurate inform ation 5 Tom Steffens Terry Mercurio Jim McLaughlin Tony Paugoulatos John Henderson Vice President Asst.Vice President Asst. Vice President VicePresident Bond Representative 234-2458 234-2673 234-2674 234-2647 (^r C ommerce Wednesday night banquet. The conference adjourns Thursday noon. ASHKUM: Central Bank has re ceived consent from the FDIC to open a facility on Main Street here. COAL VA LLEY: The Coal Valley State Bank has received consent from the FDIC to open an office in the Green Valley Commercial Park South in Moline. ELM H URST: Loren J . Clark has been appointed as senior vice presi dent, asset and liability manage ment at the Elmhurst National Bank. He joined the bank in March after 20 years experience in banking and finance, most recently as a vice president and director of IBD Man agement, Inc. -f L + t i -i+^> Pf v MURPHYSBORO: A certificate of conversion has been issued to the First Bank and Trust Company of Murphysboro as a result of its con version from the First National Bank of Murphysboro. The bank’s capital stock is $274,000 and sur plus is $489,500. SCHAUMBURG: An application for a permit to organize the MidContinent Bank at Route 53 and Golf Road, Schaumburg/Rolling Meadows, has been filed with the commissioner of banks and trust companies. The bank would be capitalized at $1.5 million. Corre spondent is C. Paul Johnson of Chicago. 234-2463 10th and Walnut South Dakota News SIO U X FA LLS: Ron Warren, pres ident, Warren Supply Co., has been named to the Industrial branch ad visory board. Jam es Pollman has joined First Baltic as ag loan officer. (816) 234-2000 on a new bank building for the First Bank of Havre, according to Gordon Clarke, president. The two-story, 22,700 square foot building will fea ture space for 12 tellers, five driveup lanes and 32 officer stations. North Dakota News Colorado News D EV ILS LA KE: Funeral services were held recently for Robert C. Collinson, 89, former president of the First National Bank of Devils Lake. Mr. Collinson joined the bank in 1909, became president in 1940 and retired in 1968. DENVER: New officer appoint ments at United Bank of Denver re cently include M. L. Hanson to the position of credit officer, Ned N. Kusuno to personal banking officer, Thomas W. McDermott to commer cial banking officer and Noel L. Morstad, operations officer. Wyoming News GLENROCK: R. D. Simpson, pres ident of First Glenrock Corporation, which owns the First National Bank of Glenrock, has announced the sale of his ownership in the corporation to William S. Bolton, president of the bank, Olen Wright, executive vice president, and others. No per sonnel changes are planned. Mr. Simpson will continue as chairman of the bank’s board. LARAM IE: Paul Jacques has been named president and chief executive officer of the First Wyoming Bank, N.A.-Laramie. He was formerly president and chief executive officer of the Citadel Bank in Colorado Springs, Colo. Montana News HAVRE: Construction has begun We’re people who can help with ag lending. For ag lending, data processing, overlines, and investment services . . . we’re the peop can help. We’ re more than western Iowa’s largest bank. We’re people. Ken Roeder Correspondent Bank Officer 712/277-6580 W https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Rusty Reese Vice President 234-2462 Si ^ SECURITY NATIONAL RANK IN SIOUX CITY, IOWA. M EM BER F .D .I.C .____ S I I I © 1980 Security National Bank Joins Mercantile Trust Robert O. Blomquist, 49, has been elected executive vice presi dent of Mercantile Trust Co. N.A., St. Louis, effective July 1] He will also serve on the board and will serve as senior commercial lending officer of the bank. Mr. Blomquist resigned last April as president and chief executive officer of the Frank lin State Bank of Somerset, N .J., when the bank board opted to retain Franklin State as a retail oriented bank. He had joined Franklin as president in 1976 after 19 years with Chase Manhattan Bank of New York, where he was senior vice pres ident and group executive when he resigned. 1'O pportun ity«* K n o cks..." 6 CALL ON THE “PERFORM ANCE TEAM 199 y . where common transactions are handled uncommonly well. FIRST NATIONAL LI NCOLN 13th & M Street • Lincoln, Nebraska 68501 • Member, F.D.I.C. PARTIAL LIST OF AVAILABLE POSITIONS W ANT ADS CASHIER— Four to six years operational experience needed. Excellent location, good opportunity. Rates 50 cents per word per insertion. Ad $2 for file numbers. Identity of file number advertisers cannot be revealed. Payment in advance, please. NORTHWESTERN BANKER 306-15th St., Des Moines, Iowa 50309 $21,000 O FFICER— Will have total and complete responsi bility for industrial bank. All types of lending. $18,000 TRUST O FFICER— Experience needed. W ill event ually take full responsibility for department. $21,000 POSITION WANTED AG OFFICER— Two years experience needed. Be#1 in department. Must be able to work with little super vision. $22,000 Operations Officer with extensive experience; will relocate in upper midwest. 1979 Nebraska Law Grad, with accounting experience, seeks junior trust position. Commercial Loan Office, with real estate experience, seeks new opportunity with bank in city over 25,000. Two ISU Grads, with banking experience, wish to re locate in central Iowa. VP— Commercial lending. Must have strong lending and supervisory experience. $28,000 Second Officer needed in excellent eastern Iowa community with small, rapidly growing bank. Salary negotiable. Write to file KBT, c /o Northwestern Banker.______________ _______________________ (PA) FOR SALE Iowa Law Grad, with seven years private practice, wants to join trust department of progressive bank. Write or call Malcolm Freeland, Freeland Financial Service, Inc., 306 Fifteenth Street, Des Moines, IA 50309. Call (515)244-8163. Employer pays fee. (PW) POSITION AVAILABLE Commercial Loan Officer with ag experience needed by Iowa community bank. Cashier for newly-chartered bank in midwest town of 23,000. Write or call Malcolm Freeland, Freeland Financial Service, Inc., 306 Fifteenth Street, Des Moines, IA 50309. Call (515)244-8163. Employer pays fee. (PA) Loan Officer needed in $70 million bank located near Iowa City. Prefer individual with agricultural back ground and experience in installment lending. Con tact Dwight Seegmiller, Hills Bank & Trust C o., Hills, IA 52235. Phone (319) 679-2291.________________ (PA) Small bank in rural community needs a manager. Pre ferably with loan and agricultural experience. W rite file KBS, c /o Northwestern Banker._____________(PA) COMMERCIAL LOAN OFFICER— $40 million central Iowa bank has excellent opportunity for individual with a minimum of four years experience. Attractive salary and fringe benefits. Submit resume to Paul Gergen, President, University Bank, Box 1135, Ames, IA 50010. Phone (515) 292-7475.________________ (PA) □ I would like to sell my majority bank stock. □ I would like to buy ma jority bank stock. Please Contact: J. Mason Henry Purchase of Collections i NCR 490 desk-top check encoders; full-field. Guaran teed. $875 each. NCR 775 proof machine. Maintenance will transfer. $7900. Three Burroughs 1010-381 teller machines. Recon ditioned. Guaranteed. $195 each. Burroughs electric check writer (protector). Recon ditioned. $295. Cal I (214) 757-7760 (FS) POSITIONS AVAILABLE JR. COMMERCIAL LOAN— $30MM Iowa bank seeks junior officer with formal credit analysis experi ence.................................................................................. 18K I P.O. Box 1313, Omaha, Nebraska68101 l I Phone: (402)553-6400 I I______________________________________________ I Reliable and respected service for over 20 years AG LENDING O F F IC E R ... SE Minn..............$16-18,000 CREDIT M A N A G E R ...O h io ..........................$23-25,000 LOAN O F F IC E R ... Io w a ................................ $15-20,000 EXEC. VICE PRESIDENT— New charter in growing suburban area. Will have opportunity for #1 spot in two years..........................................................................30K Since 1968, banks and other ag-related employers have been paying us to find the personnel they need. SENIOR AG LOAN— $25MM rural bank with oppor tunity for president’s position in two years............28K For more information, give Linda (our banking spec ialist) a call today. Many additional opportunities for both junior and senior officers. Please forward resume and salary history to: sari CAREERS, INC. TOM HAGAN & ASSOCIATES OF KANSAS CITY m J AGRICULTURAL PERSONNEL RECRUITERS V» C, CASHIER— Excellent opportunity for junior officer with 2-3 years operations experience...................... 16K CASHIER— Solid operations background and some knowledge of EDP systems for #2 spot in$20M M rural bank.................................................................................. 22K (515)394-3145______________ New Hampton, IA 50659 V> ^ PRESIDENT— Opportunity for investment in $15MM bank. Strong ag and commercial experience requir ed.......................................................................................30K AG LOAN R E P ... Iowa ...................................$20-25,000 CREDIT SUPERVISO R ... Ohio ................... $17-21,000 T' FOR SALE OR LEASE i AG BANKING CAREERS 913 Locust Des Moines, Iowa 50309 515-243-8064 NCR 152-70 teller machines. Completely recondition ed. Guaranteed; 15 days free trial. Freight paid. $775 each. JR. AGRI LOAN— Addition to staff of $100MM bank. Preferag business oragecon degree........................ 18K AG LENDING R E P ... Io w a ............................ $17-18,000 Ben E. Marlenee Coins FOR SALE Burroughs TR-102 electronic teller machines; 2-3 years old. Upgradable to on-line. Guaranteed. $995 each. l I Sale of Rare Coins Used by bankers throughout the midwest of Iowa, Inc. 317 6th Ave. Des Moines, IA 50309 (515) 244-4414 One Olivetti P-603 posting machine with a BRD disc. (S /L ) $1,800. Call (515) 245-7222. (S /L ) Saxon Bond Copier. $800. Call (515) 245-7222. Charles E. Walters Co., Inc. i FOR FURTHER INFORMATION RESPOND IN CONFIDENCE TO: Bank Division 12’x40’ mobile home converted for use as temporary banking facility. Night drop and drive-up window in stalled; good teller counter. Furnace with central air; available immediately. ALSO, 6’x9’ remote drive-up building with heat and air conditioning. Call (391) 291 -5429 or (319) 291 -5468.____________________ (FS) AVAILABLE IMMEDIATELY: 12x60 mobile bank facil ity and attached two-window drive-up unit. Features walk-in lobby, private office, two inside teller windows, storage room, heat and air conditioning— plus more. Contact The Dakota Bank, P.O. Box 5009, Grand Forks, ND 58201 .Phone (701) 746-1313. (FS) Modular ATM building, can be adapted to most models of automated teller machines. Stone aggre gate exterior; electric heat and airconditioning. Ready for immediate delivery. Contact Financial Products, Inc., Box 1035, Eau Claire, Wisconsin 54701. Phone (715)835-8160._______________________________ (FS) I--------------------1 I I l l OPERATIONS— Ag bank in Minnesota. Oversee all operations. EDP experience a plus. $15,000 ROBERT HALF Burroughs checkwriters/protectors, with or without accumulators; from $595 to $695 each. Some Pay master manual check protectors; $125 each. All in excellent condition with immediate delivery. Call (512) 250-0794._______________________________(FS) i Estate Appraisals +> #2— Generalist needed for new charts. Want an ag gressive go-getter. $27,000 P.O. Box 12346 / 2024 Swift North Kansas City, Missouri 64116 _______________Phone (816) 474-6874______________ Vol. 9 No. 13 Northwestern Banker Newsletter [USPS 873-300] is published weekly by the Northwestern Banker Company, 306 Fifteenth Street, Des Moines, Iowa 50309. Subscriptions 25 cents per copy, $8.00 per year. Second class postage paid at Des Moines, Iowa. 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