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V o l. 15 N o. 14 D es M o in e s , Io w a July 2 1 ,1 9 8 6 Double Jeopardy Deadline Nears NLESS Congress takes some U remedial action in the next five months, the farm credit exception will disappear from the Uniform Commercial Code on December 24. Under this UCC exception, ag lend ers have had their security interests in crops and livestock protected by having their lien follow the title if a sale is made. Bankers may lose any opportunity for amendment or delay if they do not make their views known to Congress now. A “ Clear Title Coalition” of 18 na tional farm buyer and marketing groups, plus 154 supporting state groups from 28 states joined forces in the past several years to persuade Congress to remove the exemption as part of the Food Security A ct of 1985. The American Bankers Asso ciation and the Independent Bank ers Association of America were among the few who opposed removal of the exemption, but lost their bat tle. Section 1324 of the A ct permits lenders the option of pre-notification of potential buyers whose names are furnished by the borrower, or pro vides that a central filing system may be set up in a state if that system is accredited by the USD A. This “ double jeopardy” topic, as it is popularly known, was one of the several key pieces of legislation re viewed July 15 at the Agricultural Banking Outlook Seminar during the A B A ’s National Agricultural Congress, there have been no credit Bank Management School at Iowa problems...We refer to such major agricultural producing states as State University in Ames. Rusty Jesser of the ABA Govern California, Illinois, Indiana, Ohio, ment Relations division, gave de Tennessee, Kentucky and others, tails of A B A ’s effort to amend, where the farm products exemption modify or delay the A ct or its effec was removed as long ago as 1976, tive date. ABA is requesting a two- and where agricultural credit is year extension of present law to per totally unaffected. “ To reopen Sec. 1324 is unneces mit individual states to create cen tral filing systems that will be accre sary and premature.” Mr. Jesser gave seminar atten dited by USD A. It is hoped that at least a one-year extension will be dees a realistic assessment of the number of days still available to granted. Bankers from various states who Congress for action before its ad were participating in the seminar journment in the fall before Election gave varying reports on what is hap Day. It would take concerted action pening on central filing laws in their in Congress to get any amendments states, many of them adverse to passed at this time, he said, but is is hoped that an extension will be lenders and pro-buyer or seller. The “ Clear Title Coalition” sent a voted. He concluded the UCC discussion letter June 27 to Sen. James A. Mc Clure stating, in part, “ You recently by telling his audience that no received from the American Bankers change will come about without im Association a package of ‘technical mediate contacts between all bank amendments’ to Sec. 1324 of the ers and their home-state Represen □ Food Security A ct of 1985. The tatives or Senators. Clear Title Coalition, 30 national farmer and agricultural trade Iowa News organizations and their state affili The Iowa Bankers Insurance & ates, wish you to know we oppose these attempts to alter Sec. 1324. Services, Inc. will sponsor its Credit We ask that you join us in opposing Life Disability Licensing School on any attempt to reopen Sec. 1324 August 11-12 at the Park Inn in Des prior to section’s effective date of Moines. Hours are 9:00 a.m. to 5:00 p.m. on the 11th and 8:00 a.m. to December 24, 1986... “ In states which took indepen 5:00 p.m. on the 12th. The fee is $45 dent action prior to that taken by for bankers and $55 for nonbankers, C a ll o n th e “ E x p e rie n c e d P ro fe s s io n a ls ” Ready to meet your correspondent needs. ^FirsTierBank Lincoln 13th & M S tre e ts , L in c o ln , N e b ra s k a 68501 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis FirsTier Bank, N.A., Lincoln, Member FDIC H ill Norwest Bank Des Moines, N.A. mmmmm Call (515) 245-3131 or toll-free (800) 362-2514 NORW EST BANKS M e m b e r FDIC Yearn work: one of the reasons we're first in Iowa. John Rigler and includes a Licensing Informa tion Bulletin, study materials, in struction, lunch and refreshments both days. To register contact Jeanette M. Ellington at IBIS at (800) 532-1423 or (515) 286-4371, before August 4. CRESCO: A t First Interstate Bank of Cresco, N.A., Garold Weasmer has been elected chairman and will continue to serve as CEO. David M. Olson, who had been serving as vice president, was elected president and a director of the bank. Mr. Weasmer has been president and CEO since 1971, and anticipates retiring the end of this year. Mr. Olson joined the bank in 1984. ESTH ERVILLE: At First In- ASK T E R R Y M A R T IN to make MNB work for you. WATERLOO: Charles E. Laipple has been promoted to vice president, installment loans at Peoples Bank and Trust Company. He has been Tom Quinlin with the bank since 1977, most re cently serving as an assistant vice terstate Bank of Estherville, Wil president. liam R. Kahler has been elected se nior vice president. His responsibili Nebraska News ties will include agricultural and KEARNEY: Gary L. Hodde has commercial loans. For the past two been named president and CEO of years he has served as vice president Kearney State Bank and Trust Com in charge of commercial loans at pany. He joined the bank as execu First Interstate Bank of Algona. tive vice president in March, 1985. IOWA CITY: A t Iowa State Bank & Mr. Hodde succeeds Terrance L. Trust Company, Terrance N. Vor- Geiger, who resigned to join the brich has been promoted to vice Johnson County Bank in Tecumseh president and head of the commer as executive vice president. Among cial loan division. He has been with other recent promotions at Kearney the bank for three years as second State Bank were Ron Canfield, ex vice president—commercial lending. ecutive vice president and Illene Drake, vice president. Mr. Canfield PLAINVIEW: Plainview National has served the bank since 1982 as Bank has announced that Robert cashier. Ms. Drake joined in 1983 Baird has joined the bank as vice and is in charge of the real estate president. He had been associated lending program. with the law firm of Curtiss and NORTH PLATTE: Among recent Baird since 1978. promotions at the American Securi ROLAND: Official approval has ty Bank was the election of L.E. been received from the FDIC to Alford to vice president in loans. His move Roland State Bank into Ames former positions include associa and continue an office in the present tions with the Bank of Stapleton bank quarters in Roland. Joseph R. and the North Platte State Bank. Simmens will continue as president of Roland State, which has assets OMAHA: A t American National exceeding $13 million. A building is Bank, Michael E. Eck has been being remodeled at 6th and Grand in elected vice president. His duties Ames for occupancy about January will include commercial lending and 1, 1987. State banking department business development, and he will function as a loan quality control of approval was granted earlier. ficer in all of the bank’s locations WATERLOO: Kendall B. Messer outside of Omaha. Mr. Eck joins the has joined National Bank of Water bank after more than 13 years with a loo as assistant vice president in the bank in northwest Kansas, most re lending division, devoting his time cently as executive vice president. We’re Security for Yon Toll free 1- 800- 332-5991 M e rc h a n ts sfie N a tio n a l B a n k 151 Member F.D.I.C. A BANKS OF IOWA' BANK https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis to ag loans. Mr. Messer formerly was assistant vice president and ag rep at First National Bank in New Hampton, where he worked since 1982. Prior to that he was with a PCA. Mr. Messer is a native of Fairfield and was graduated from Iowa State University in 1971. I S f i t re Wilma Weeks Correspondent Sendees Officer 712-277-6769 A t Security National Bank, w e’re people you can count on to handle all o f your Correspondent Banking needs. So, start corresponding w ith us. W e’re Security for you! SECURITY N A TIO N A L B ANK IN SIOUX CITY, IOWA. MKMBKR F.D .I.C. BANKERS AVAILABLE J-1 AG LOAN OFFICER— Young, but SEASONED banker. Has over 6 yrs. experience. Began banking career right out of vo-tech school (Ag Banking Certificate) as ag rep. Received B.S. (Bus. Econ.) while working full time. Strong in ag loan workouts, FmHA guarantees, plus some exposure to other loan areas. Set up new files and redocumented all loans in current position. Good on computers, licensed in Life & Hail. References comment, “ Meets and exceeds goals, self-starter, very aggressive and intelligent, substantial credit experience, eager to learn m ore.” $25*$28,000. Call Jean. J-2 COMMERCIAL/CONSUMER LENDER— In charge of approximately $5mm loans; consumer, commercial, and real estate. Four yrs. bank experience. Involved in audits, some compliance. Refer ences say, “ Started in teller and operations area. Thorough, good documentation and time management skills, and keeps past dues to a minimum. Very popular and personable; the type to attract new business. Ambitious. Deserves opportunity to ad vance.” Education includes ISU plus several AIB courses. $23-$25,000. Call Jean. S-3 AG LENDING— Here’s the FHA experience you have been look ing for. “ Very good at cash flows and workouts. His documenta tion is good,” reports reference. Gets along very well with farm ers. B.S. Ag. $23-$25,000. Call Sandi. S-4 LOAN OFFICER— “ Knows and understands credit. Very profes sional appearance...eager learner. I would definitely rehire him,” reports reference. Two years ag and consumer lending. B.S. Ag. $20-$23,000. Call Sandi. J-5 AG LOAN OFFICER— An impressive young man with useful ex perience gained from his past three yrs. with FmHA. References say, “ Top work habits...a real producer with lots of drive. Intense; really gets into high gear on farm loans. Above average intelli gence, personality, and appearance. Good farm background, energetic and results oriented.” Strong micro computer experi ence. Masters degree Ag Econ. $22,000 min. Call Jean. J-6 BANK MGMT/EVP— Currently Sr. VP of small ag bank, in charge of workouts and problem loans, customer accounting and asset/liability. Previous experience as correspondent loan of ficer, management of data center, and public accounting. Refer ence remarks, “ Consistant high quality performance; a businessoriented pro who contributes much to bottom line results.” B.S. Accounting, Ag Banking and Bank Mgmt. Schools. $35-$38,000. Call Jean. S-7 AG REP— Four year bank experience doing loan analysis, farm inspections, FHA guarantees, cash flows. “ Works well with farm ers and follows bank guidelines,” says reference. B.S. Ag. $22-$22,000. Call Sandi. S-8 OPERATIONS/AUDITING— Liquidation assistant with FDIC. Handles operations, claims, taxes, settlement. Also, has bank ex perience handling director’s reports, budgets, loan processing, accounting. “ I highly recommended her,” says previous em ployer. $23-$25,000. Call Sandi. J-9 V.P./SR. LENDER— “ Extremely good at working through ag problems,” was one reference comment about this seasoned young banker. Began his ag lending career ten years ago with FmHA, then moved to PCA as branch manager. Has been with this $90mm bank for past 4 years, now in charge of nearly $20mm in ag loans and supervision of 3 officers. Another refer ence stated, “ He’ll be hard to replace if he leaves...has dramati cally reduced problem loans, and his style keeps customers friendly and willing to work with us. Has the right personality and image for banking...A good man!” B.S. Ag. $38-$38,000. Call Jean. J-10 AG LENDER— PCA loan officer for past 2 yrs. Responsible for $4-$5mm in loans. Strengths are in loan analysis, documentation and workouts, and rates #1 in customer relations and new busi ness calls. Reference reports, "W ish I could have brought him with me when I left PCA to come to this bank! H e’d be a good asset to any bank staff; a qualified ag lender with good potential to learn commercial lending. Follows orders to the letter, high energy level, very good appearance, and PERSONALITY PLUS: he’ll attract new customers and he can spot a poor risk loan quickly.” Previous experience as comm odity broker and consul tant. Good com puter skills. B.S. Ag Economics, high grade point average. $25-$27,000. Call Jean. S-11 SENIOR CREDIT OFFICER-Supervises four loan officers. Re ceived highest results in credit quality and marketing compared with other branches. “ Guick learner, well-motivated, does an ex cellent jo b ,” reports reference. $38-$42,000. Call Sandi. Our reputation of maintaining our candidates’ confidentiality enables us to attract a select group of ag bankers and lenders... those currently employed and not actively job hunting but ready to make a move for the right opportunity. , JEAN EDEN 712/779-3744 Hwy. 92 W. Massena, IA 50853 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Let us know your needs without commitment; we won’t 1hound’ you with phone calls or ’flood’ you with resumes and there is no fee unless you hire. , Supplement to Northwestern Banker Newsletter 7-21-86 SANDI GARNER 515/394-5827 Hwy. 63 S. New Hampton, IA 50659 BANKERS AVAILABLE S-12 A6 LOAN OFFICER—Two yrs. Farm Credit Service, BS Ag Business and comes well recommended. “ I would be very sorry if he left the System,” says reference. Motivated, neat and good at credit analysis. $24-$26,000. Call Sandi. J-13 AG REP—Currently ag loan rep and credit analyst in large ag bank, responsible for financial statement spreading and analysis, loan documentation, cash flows, and micro-computer operation. Reference says, ‘‘Has all the basics of ag lending...really a hard worker.” Wants to advance his career in a smaller bank with more responsibility and growth opportunity. B.S. Ag Bus. Ag Lending School. $15*$20,000. Call Jean. J-14 AVP—Handles over $7mm ag/real estate loans in $50mm bank (major holding co.) for past 3 yrs.; non-accruals, workouts, restructuring, guaranteed loans, etc. Strong com puter skills, a farm background. Excellent references, "very well-versed in all areas of modern ag lending...great attitude...lots of drive...a real pro.” B.S. Ag Bus. $26,000. Call Jean. J-15 AG LOAN 0FFICER/0FFICE MANAGER-Began banking career 10 yrs. ago and worked his way up from bookkeeping and teller functions into operations and lending. Majority of loan duties are in ag, but also handles consumer, student and real estate loans. Supervises one employee. Good with computer...farm records and cash flows. Reference states, "very well versed in lending and operations...shows good credit judgm ent and ability to make decisions...farm raised, personable, good a p p e a ra n ce .” $25,000. Call Jean. S-16 AG LOAN OFFICER—Two years with FmHA handling problem cases. "Self-starter, aggressive and hard worker,” says refer ence. BS Ag. Bus. $20-$25,000. Call Sandi. S-17 AG LENDER— "H e is very analytical and gets along well with others,” says reference of the bank EVP. Former bank examiner. BS. degree. $28-$32,000. Call Sandi. J-18 AG LENDER—Currently employed in $26mm bank, handling ag loans (and FmHA guarantees) and a share of commercial and consumer loans. Formerly with PCA, where his responsibilities in cluded ag loans, collections, refinancing, and office manage ment. References say, “ His strengths are in credit analysis and judgment...his skills are valuable in today’s ag lending climate... diplomatic in stressful situations and good on collections...very out-going personality...he and wife are readily accepted socially.” Degreed. $28,000. Call Jean. S-19 AG LOAN OFFICER—Over five years of good experience from the Farm Credit System. "I rate him at the top in job performance,” says supervisor. Good communicator. Motivated. $28>$30,000. Call Sandi. POSITIONS AVAILABLE Continuous demand for banking professionals. Our CONFIDENTIAL service allows you to explore career opportunities in banking without risk to your current position. No contacts are made without your prior knowledge and consent. All fees paid by employers. 1. VICE PRESIDENT— $40MM bank, sound and good earnings, in nice town of 5000. Will be #3 in bank, with good advancement potential. Re quires 7-10 yrs. ag lending experience, and strong technical abilities. 2. AG DEPT. HEAD— In charge of $30MM ag dept, in large bank, supervise 3. Requires 8-10 yrs. ag lending experience. 3. EXEC. VICE PRES./AG LENDER— In charge of daily management of rural bank (part of small holding company). 2-3 yrs. ag lending experi ence required. 4. AG LENDER— #2 in $15MM ag dept, of $40MM bank. Good advancement opportunity, holding company. 2-3 yrs. ag lending experience re quired. 5. VICE PRESIDENT— #2 person in small CEN TRAL IA bank. Needs 3-5 yrs. bank experience, emphasis on ag loans, with commercial, real es tate, consumer loan knowledge. Good opera tions skills also. $30,000 range. 6. A6 LENDER— 60mm bank seeks experienced person to handle 10mm in ag loans. $20-$3Q,000. 7. AG LENDER— South Dakota bank seeks person with good documentation and credit analysis skills. 3-7 yrs. exp. Nice area with golf course & lakes $28-$32,000. 8. AG LOAN OFFICER— 60MM Iowa bank seeks person who likes working with dairy farmers. Work-outs. FHA guarantees. $24-$28,000. 9. AG LOAN OFFICER— Wise, town of 10,000. Long and short term credit. Min. 3 yrs. exp. $23-$30,000 plus car. 10. AG LOAN OFFICER—Nice location near larger town. In charge of ag loan portfolio. Bank, PCA, FHA exp. $25-$28,000. 11. AG LENDER—Central Minn, bank seeks per son to work in ag and commercial lending. Five years banking exp. $25*$30,000. 12 LOAN REVIEW/0PERATI0NS AUDITOR-Metro Neb. Requires 2 yrs. ag lending or ag analyst ex perience (from bank or other), 4-yr. degree with 12 hrs. accounting, and good public relations skills. Excellent advancement opportunity. To looking for a collector; just want to convert prob lem lines to guaranteed loan program. Can live in large town nearby. $22-$25,000. 17. EXEC. V.P.— Second in charge of $50mm bank - S. MN. Top rated bank with excellent earnings. Supervise loans, assist in bank ad ministration. Requires a minimum of 10 years ex perience as senior officer in bank of comparable size. To $50,000. 18. AG/C0MMERCIAL LENDER— South Minnesota $50 MM. Related experience. $25-$28,000. $25,000. 19. SENIOR LOAN 0FFICER-Growing Southern Iowa $60mm bank. Ag/commercial experience with supervisory skills. $28-$38,000 + . 13 COMMERCIAL LOAN OFFICER-County seat town - Iowa. Responsible for $7mm in loans; handle lines of credit to $700,000. To $25,000 20. PRESIDENT— $20 MM bank seeks person strong in operations, supervisory skills; capable of being a back-up lender. $38-$42,000. salary. 14 AG WORKOUT SPECIAUSTS-$70mm IA bank, co u n ty seat tow n , near m etro area. $35-$40,000 + . 21. AG LENDER— Northeast Iowa bank, conserva tive and solid, with fewer problem loans than most. Handle ag, installment, mortgage loans. Documentation. 2-5 years exp. $20-$28,000. 15. Position leading to C.E.0. in $10mm N. IL bank. Flexible on experience requirements due to support and training by current officer. Need 2 yrs. ag lending skills; knowledge of other types of loans and operations is helpful. Excellent op portunity to gain experience in bank manage ment. To $20,000. 22. CREDIT SUPERVISORS— Two needed; based in major cities in CO and Wl. Extension and col lection of credits for ag credit company. Two years ag lending experience needed. Some overnight travel involved (expenses paid). 16. AG LOAN OFFICER—Small central IL bank needs person with 3-5 years ag lending experi ence to serve as second or third officer in bank. Some work on problem loans involved, but not Take charge of loans, investments, and super vise clean-up efforts. Ten yrs. similar experience. Must be willing to live in small town. $40-$50,000 $23,000 + full benefits. 23. C.E.O.— $20mm rural bank, N. IA location. + Incentives. I 712/779-3744 Hwy. 92 W., M assena, Iowa 50853 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis aqri carers,inc. 515/394-3145 Hwy. 63 S., New H am pton, Iowa 50659 Our unique monitoring system lets you follow your loan customers migration patterns* n In today’s market, loan custom ers tend to m ove their business ® around. As a result, monitoring their activity is vital to your bank. But maintaining accurate, up-to-date information on financing arranged by £ them through your com petitors is nearly impossible. Unless you sub scribe to Iowa Public Records Search’s Loan Activity Bulletin. The Loan Bulletin is a twice® monthly report o f all the loan activity in your county and every county https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis important to you. Each report con tains all liens filed with the Secretary of State, the name o f debtor, secured party, file number, and the date and hour of filing. And the price is right, too — as low as $12.50 per county, per month. To order, or for information on our other search services (telephone searches, judgment searches, bank ruptcy searches, and m ore), give us a call. We’re Iowa Public R ecords Search. W e’ll follow your loan cus tomers everywhere. IO W A ^ P U B L IC R E C O R D S S E A R C H , IN C . # 2 C o rp o ra te Place 1501 42nd S tre e t W e s t D e s M oines, Io w a 50265 Telephone (515) 223-1153 Supplement to Northwestern Banker Newsletter 7-21-86 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis SPRENGER, ROWLAND AND MESSINA Bill Sprenger Frampton Rowland Outside Missouri call 1-800-821-2180 In Missouri call 1-800-892-7100 Minnesota News CLARISSA: The Farmers State Bank was closed Friday, July 11, by the state banking department, and was re-opened Monday, July 14, as a branch of the First State Bank of Rush City. It was the nation’s 69th bank failure for 1986 and Minne sota’s second for the year. First State Bank paid FDIC a $45,019 premium to assume the failed bank’s $15.9 million in deposits. For the second time, FDIC issued a note re ceivable (this one for $7.8 million) bearing 7.5% interest. This proce dure was used for the first time when FDIC sold the failed Commer cial State Bank in Pocahontas, la., on June 27 (July 14 Weekly News letter lead story). First State gets immediate earnings on the note and may reduce it by $1 million incre ments if it chooses to invest in loans or other assets. The note is payable to First State Bank in one year. MINNEAPOLIS: James R. Camp bell, 44, president of Norwest Bank Minneapolis, took on the additional duties of chief executive officer of the bank last week following the re signation of W. James Armstrong, 56, who had been chairman and CEO the past two years. Mr. Armstrong had been with Norwest Bank Min neapolis for five years. He said in a prepared statement that “ organiza tional changes have altered my re sponsibilities.” MINNEAPOLIS: The Minnesota Chapter of Robert Morris Associ ates has announced its officers and directors for 1986-87. They are: President—John F. Crinklaw, Na tional City Bank of Minneapolis, Vi ce P r es id e n t —Michael R. McHugh, Norwest Bank Minneapo lis, Secretary-Treasurer—Wally V. Blomquist, First Bank System, Non-Officer Directors—Norman T. Norwest Bank Red Wing Sampson, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Commerce Bank John Messina * * * * o f Kansas City Mpmhpr FDIC' • and Bradley C. Krohn, Wayzata Bank Trust Company. 1963 and most recently served as assistant vice president of opera tions. Illinois News Colorado News CHICAGO: American National Cor poration announced that it has reached an agreement in principle to acquire the Bank of Lansing, a $115 million asset bank in Lansing, Illi nois, from Lansing Bancshares, Inc. The acquisition is subject to regula tory approval and ratification by shareholders of Lansing Baneshares, Inc. Terms of the sale were not disclosed. DENVER: A t First Colorado Bank & Trust, Scott A. Woods has been appointed executive vice president and T. Conway Brew, senior vice president. Mr. Woods joins the bank after 18 years with Hutchinson Na tional Bank and Trust Company of Hutchinson, Kan., where he has been president since 1981. Mr. Brew joins the bank as senior V.P. in com mercial loans after serving as presi dent of Omnibank of University Hills in Denver for nearly five years. Wisconsin News APPLETON: John D. Brewster has joined Valley Trust Company as vice president, sales. He will be re sponsible for marketing retirement plans in the Fox River Valley area. His previous position was with John M. Floyd and Associates, Inc. as midwest marketing representative. Montana News BILLINGS: A t First Interstate Bank of Billings, Gail Krause has been promoted to vice presidentoperations. She joined the bank in FORT COLLINS: United Banks of Colorado, Inc. has named David E. Bailey president, chairman and CEO of United Bank of Fort Collins. He succeeds Wesley G. Johnsen, who resigned recently to pursue a banking opportunity outside of Colorado. Mr. Bailey also has been elected chairman and CEO of United Bank of Fort Collins—South and con tinues as chairman and CEO of the United Banks in Boulder and Greeley. He has put in more than 19 years of service with United Banks. Bond Salesperson Iow a and N ebraska Territory M arquette Bank M in ne apo lis has the fa s te s t gro w in g investm ent de partm ent in the Tw in C itie s area. W e a ttrib u te th is success to sta yin g abreast o f changes in th e m ar ketplace, developing in no vative p ro d u cts and our h igh ly pro fe ssio nal s ta ff, w hose tra c k record and level o f service bring a sense o f con fide nce to our custo m e rs. O ur em ployees mean a lo t to u s . . .and it show s. We have an exce lle nt o p p o rtu n ity fo r an experienced in s titu tio n a l salesperson to assum e an e sta b lish e d and pro du ctive bank te rrito ry in Iowa and Nebraska. T his po sitio n provides a h ig h ly c o m p e titive com p en sation package th a t in clud es c om prehensive b e n e fits w ith a 401 (k) savings plan, a ch o ice o f health care coverage and generous pension plan. If interested, please ca ll Jack Cam pion, Vice President and Sales M anager, at (800) 328-8013. A Marquette Bank M inneapolis M em ber FDIC You mean a lot to us . . . and it shows. W A N T ADS Rates are $5.00 per line per Insertion. Add $3.00 for file letters per insertion. Identity of file letter adver tisers cannot be revealed. NORTHWESTERN BANKER 1535 Linden St., Suite 201, Des Moines, Iowa 50309 Phone 515/244-8163 POSITION AVAILABLE B A N K IN G O P P O R T U N IT IE S FINANCIAL CAREERS AG LOAN OFFICER— P osition w ill lead CEO for $16 million Iowa Bank located in scenic farming community. Requires Ag lending and overall bank super vision background .....................................Salary to $40,000 to Head o f Ag Dept. Five or m ore years o f bank lending expr. Good com m u nica to r ............................................ .. .$30,000. BANK MANAGER— S olid, a ll-a ro u n d banking expr. w ith s tre n g th s in com m ’l & ag lending areas. C o m m unity involved & strong P.R. s k ills ...................... To $45,000. BANKING PROFESSIONALS C o nfid entia l Strong midwest banking group seeking qualified applicants to fill positions in recently acquired AG and Commercial banks: President/CEO, Commer cial Lending (including real estate and secondary market) and Cashier/Operations. Only forwardlooking team members need apply. Please send resume to file No. WGE c/o Northwestern Banker. Em ployer Pays Fee MIDWEST PERSONNEL Linda Helt Banking Specialist R. 3-Box 48 New Hampton, IA 50659 515-394-2325 POSITIONS WANTED eg en c y RECRUITERS, INC. Diane Evans 1102 Grand Avenue, Kansas City, MO 64106 816/842-3860 FOR SALE Burroughs S4909 OCR document processing sys tem. 12 pockets. E13B font. M icrofilm Module op tion. S4000 Alpha keyboard. 1 year old. LeaseAmerica Corporation Cedar Rapids, IA 319/398-7815 OFFICE MANAGER for town of 3,500 . . . Salary to $40,000 CEO for small Western Iowa bank located in town of 2,000. Requires ag b ac k g ro u n d ...........................Salary to $35,000 TRUST OFFICER with employee benefit experience. JD preferred but not re q u ire d .........................Salary to $40,000 BANK AUDITOR for major eastern Iowa bank .................... ..................................................................... Salary to $32,000 REAL ESTATE LENDER w ith at least 5 years experience in sales, pricing and production. Knowledge of residential and commercial products. W ill manage Secondary Market A ctivity ............................................................... Salary Open #2 PERSON w ith operations & lending background for Eastern Iowa bank .....................................Salary to $32,000 Freeland Financial Service 1010 Equitable Bldg. Des Moines, IA 50309 515/282-6462 POSITIONS AVAILABLE R SENIOR LENDER for $60 m illion Illinois bank. Requires ag and commercial lending experience . . . . Salary to $45,000 EXPERIENCED ag/retail/installm ent lender in $35 m illion bank seeking affilia tio n w ith midwest bank. Have 31 years experience in tw o Iowa banks. References available. Lyle G. Hansen, 55 Settlers Lane, Denison, la. 51442. 712/263-4759. (PW) RYAN AUCTION CO., INC. Decorah, Iowa 52101 Farm Equipment Specialist Appraisals & Auctions Call Dale Ryan 319-382-8648 D O N ^S cH C X 3 L£ R in Employer pays fee. Please contact Malcolm Freeland concerning these posi tions or fo r other banking opportunities. TRUST OFFICER INVESTMENTS Experienced investment office r to coordinate in vestment function for state wide trust operation. Exciting opportunity in growing department. Send resume to W. Hornocker, Brenton Banks, Inc., Box 961, Des Moines, IA 50304. Equal opportunity employer—affirmative action P O S IT IO N S A V A IL A B L E REGIONAL SR. CREDIT OFFICER Looking to broaden your career? TC holding co needs a Sr. Loan Administrator to monitor credit quality in its affiliate Banks. 10+ yrs com’l/ag lending exp., strong credit skills, proven mgmt, with take charge leadership qualities needed. To $60,000 Job#NW8773. PRESIDENT AND- tp jlw J ASSOCIATES "S u cce ssfu l B anking is Q uality P erson nel" FOR SALE USED 2400 BAWD MODEM—make an offer. Contact First Community Bank & Trust, Traer, IA. (319) 478-8746. (FS) Serving bankers quietly and efficiently. CAPITAL PERSONNEL SERVICE 714 F irst Interstate Bank B uilding Des M oines, Iowa 50309 515-283-2545 P O S IT IO N S A V A IL A B L E SR VICE PRESIDENT #2 spot in cty seat bk of $40m + . Pres spot w ithin 2 yrs, will take charge of all loans in $18m port. Primarily seeks hvy ag bkgd w/some comm’l lending history. $48K + . COMM’L LOAN OFFICER Aggressive lending instit needs above avg lender who has strong cr analysis skills. 3 yrs exp in either comm’l lending or cr analysis dept of a bk. $30K. POSITIONS AVAILABLE COMMERCIAL AVP, $150mm + bank in a white collar suburban area ......................................OPEN AG and CONSUMER LENDER, $30mm bank in a town of 5,000 experiencing rapid growth and lo cated close to a city ........................................OPEN PRESIDENT, $5mm bank ...................... $50,000 + PRESIDENT, $ 40 m m .................... range of $50,000 #2 OFFICER, Real Estate lending experience, $20mm clean bank, privately owned in a nice small town w ithin 1.5 hrs. of metro a r e a ................ ..........................................................$24,000-$29,000 LOAN REVIEW OFFICER, college town, 35,000 pop. Position leads to Commercial VP, excellent bank of approximately $95mm . . . $28,000-$35,000 COMMERCIAL VICE PRESIDENT, $100+ bank, 8 + years experience and a good technican ........ ........................................................................ $40,000 EXECUTIVE VICE PRESIDENT, #2 officer, $50mm bank in nice, small community near lake a re a ___ ..........................................................$50,000-$60,000 COMMERCIAL LOAN OFFICER, $130mm bank, most desirable town ....................................$25,000 AGRICULTURE LOAN OFFICER, for several smaller b a n k s ..................................................OPEN FOR FUFTTHER INFORMATION CONTACT KURT ROSENCRANTS CHIEF OPERATIONS OFFICER, Billion dollar + b a n k ...............................................$90,000-$100,000 11)11 Oft 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 A LL FEES COMPANY PAID SENIOR LENDER Ready for a move up? Small E. So. Dakota Bank desires Sr. lender as #2 person. If you have 5 + yrs coml/ag lending exp, with strong analytical abilities, call immediately. Great location. To $35,000 Job#NW8775. COMMERCIAL AVP, $100MM + , 90,000 popula tion ........................................................... to $37,000 AG LOAN OFFICER Head up dept in metro area bk w/1.0% ROA last yr. Knowl edge of cash flows, loan analysis & gen’l ag lending over last 4 yrs. Strong ag dept w/stable leadership offers & leadership role. $26K. Iff Once in a lifetime career oppty! Small Montana Bank needs market driven motivator. Desire 8 + yrs coml/ag lending exp, strong people skills, and willingness for com munity involvement. To $40,000 Job#NW8774. AGRICULTURE CREDIT REVIEW, for several smaller b a n k s ..................................................OPEN FOR MORE INFORMATION CONTACT PAUL GENTZKOW Ì B ER TBtfMLJF M1 RO M1 M1 3636 IDS Center Minneapolis, MN 55402 (612) 339-9001 A LL FEES COMPANY PAID POSITIO NS A V A IL A B L E CASHIER - $25MM Ag Bank. Requires background w ith inhouse m inicom puters and some knowledge of Agri Loans. $30K PRESIDENT - Agri Bank w ith problem loans. Should have adm inistrative experience and solid Agri Loan skills. $40K OPERATIONS - manage department of 35 for large urban bank. Experience w ith deposit accounting and account services required. $38K AGRI LOAN ■ com m unity bank w ith large Ag portfolio. Seven yrs. or more Ag Lending experience needed. $35K COMMERCIAL LOAN - large suburban bank w ith $100MM loan portfolio. Degree and minimum 3 yrs. comml lending experience with six figure credits. $32K STRATEGIC PLANNER, OPERATIONS, $100 + b a n k .................................................................. OPEN Additional positions available in Midwestern states. DON W. SCHOOLER 2508 East Meadow Springfield, Missouri 65804 (417) 882-2265 2024 Sw ift - Box 12346 North Kansas City, MO 64116 816/474-6874 TOM H A G A N & ASSO C IA TE S “ Serving the Banking Industry Since 1970” Vol. 15 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, $18.00 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
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