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Two States to Offer No-Ceiling Accounts
HE HASSLE over the D ID C ’s
failure to approve a suitable in­
strument that will permit federally
regulated and insured depository in­
stitutions to compete effectively
with Money Market Mutual Funds
is far from over, judging by the ac­
tivity taking place at the state level.
With several state banking depart­
ments leading the way, it is obvious
that bankers not only are fed up
with the lack of action by the DIDC,
but intend to exert “ state’s rights”
to get something done at the local
level.
As reported earlier, South Dakota’s no-ceiling Super NOW account,
approved by the state banking
board, will become available July 28
for any bank in the state to use. The
DIDC had been asked by the South
Dakota superintendent of banking,
Glen Ritterbusch, to review its Su­
per NOW, but the committee ig­
nored it at its June 29 meeting. It is
reported that South Dakota is con­
sidering ways to force such consid­
eration by DIDC at the next meeting.
Utah’s commissioner of financial
institutions, Elaine Weis, has done
something about the situation. She
approved setting up a new type of
depository institution that will
enable banks and savings and loans
to offer no-ceiling, negotiated rates
of instruments on CDs. Her propo­

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July 26,1982

Des Moines, Iowa

Vol. 11 No. 14

sal received overwhelming endorse­
ment from Utah bankers. The new in­
stitution would be mutually owned,
and would be outside the purview of
federal regulators.
The new bank will accept deposits
only from other federally insured de­
posit institutions, and those funds
would be immediately invested in
CDs at the participating institu­
tions. This would permit the partic­
ipating institutions to pay their cus­
tomers whatever interest rate the
bank or S&L wishes to determine.
That rate possibly could be above
the federally permissible ceiling.
Ms. Weis says the Utah institu­
tions would not be violating federal
interest rate ceilings because the
new mutually owned bank will not

Editor's Note: A sincere thank
you to the dozens of readers
who wrote and phoned long dis­
tance in support of our “ Open
Letter to President Reagan" in
the July 12 Weekly Newsletter.
Bankers in several states re­
quested extra copies so they
could he mailed to Senators
and Representatives from their
states. Additional copies of
that issue are available, while
the supply lasts, for any reader
wishing to distribute it further.

be accepting deposits directly from
the public, which means it doesn’t
meet the Fed’s definition of a bank
or S&L. She says the entire opera­
tion amounts to making “ book en­
tries” to track the funds.
She also plans to petition DIDC
to authorize a Super NOW for Utah
bankers. If it should be approved,
she said, the new depository institu­
tion described above would not be
needed and would be closed down. □

Penn Square Failure
Hits Many Other Banks
When Comptroller of the Curren­
cy Charles T. Conover declared the
Penn Square Bank, N.A., of Okla­
homa City insolvent on July 5 and
appointed the FDIC as receiver, the
repercussions were felt in a number
of other banks, in addition to de­
positors and customers of Penn
Square itself.
Chartered February 12, 1960, the
bank grew from $30 million in assets
in 1975 to $525 million when it was
closed. FD IC’s preliminary report
placed insured deposits at $270 mil­
lion and uninsured deposits (those
exceeding $ 100,000 per account) at
$190 million. This is the first time in
several years that uninsured depos­
itors are placed in the same line with
the failed bank’s creditors. In most
other cases, the failing bank has
been assumed by another bank or a
newly-chartered insured bank.
The FDIC formed Deposit Insur-

CALL ON THE “PERFORMANCE TEAM”
where common transactions

•

are handled uncommonly well.

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IIIHHHIII

F IR S T N A T I O N A L L I N C O L N
13th & M Street • Lincoln, Nebraska 68501 • Member, F.D.I.C.

2

H o w did we g et to
be first in Iowa?
By putting
Iowa first

Dorothea Wolfe

IOWA-

nesMOines
M

M

NATIONAL BANK

An Affiliate of Northwest Bancorporation
Mem ber FDIC

ance National Bank at Penn Square
headquarters and began paying off
insured depositors immediately.
The federal regulators’ first re­
port showed that Penn Square,
which had specialized in energy
lending, had sold upstream to major
U.S. banks about $2 billion in such
loans and about $125 million down­
stream to smaller banks and thrifts.
It was reported that Continental
Bank of Chicago holds about $1 bil­
lion of these loans. Other major
banks noted in the reports with
some Penn Square loans were Chase
Manhattan Corp., New York; North­
ern Trust of Chicago; Michigan Na­
tional Corp., Detroit, and Seafirst of
Seattle.
The Penn Square bank’s capital of

ASK
JOHN MANGOLD
to make MNB
work for you.
Toll free
1- 800- 332-5991

Merchants A
National Bank 151

Member F.D.I.C.

A ‘BANKS OF IOWA’ BANK


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Federal Reserve Bank of St. Louis

Banco

Call (5 1 5 ) 2 4 5 -3 1 3 1 or toll-free (8 0 0 ) 3 6 2 -2 5 1 4

$40 million was wiped out when the
examiners ordered loan chargeoffs
of between $40 and $50 million.
Some Oklahoma bankers expressed
no surprise when the bank was closed,
citing signs of the past few years
when the Penn Square, originally a
shopping center bank, began to
grow so rapidly and began making
large energy-related loans. It was
reported that much of the deposit
base was in the form of brokered
CDs from a California source. Many
critics within the federal govern­
ment and the banking industry
began pointing the finger at the
Comptroller’s handling of the entire
matter, since it was revealed that
Penn Square had been on the Comp­
troller’s “ watch” list for two years
and had a staff of reportedly inex­
perienced lending officers.
Am ong these critics are some of
the House and Senate banking com­
mittees who have stated they will in­
initiate investigations of their own
to determine if hearings should be
held to see if further action should
be taken.
Other sources say the loans in
question are not as shaky as the
Comptroller declared them to be and
feel the Comptroller reacted in haste
during the examination.

Banco Plans $100 Million
Issue to Buy Dial Corp.

tion, a Des Moines-based, nation­
wide finance firm.

C. of C. Names Marriott to
Head Kansas City Office
Comptroller of the Currency
Charles T. Conover has named Dean
S. M a rr io tt as re g io n a l a d ­
ministrator of national banks at the
Kansas City regional headquarters
office. He has held a similar position
at the Memphis office since 1979
and will remain there until his suc­
cessor is named. Until Mr. Marriott
relocates to Kansas City, Deputy
Regional Administrators John W.
Rogers and Gary M. Brickman will
manage day-to-day activities of the
Kansas City region. Mr. Marriott
will replace John W. Burt, who
retired a number of months ago.

Announces Market Day
The 26th Annual Market Day, co­
sponsored by the First Stock Yards
Bank and First National Bank of St.
Joseph, Mo., will be held September
8. Registration commences at 9:00
a.m. in the First Stock Yards Bank
lobby, followed by a tour of Missouri
Valley Walnut Company. Luncheon
will be as usual at the H oof and
Horn Steak House, with the after­
noon session at St. Joseph Country
Club, featuring a speaker and an ag
panel. A social hour and steak din­
ner will conclude the event.

Iowa News
CARTER LAKE: Stanley Duysen
has been named chairman of the
board of First Bank, N.A., which re­
cently opened an office in Council
Bluffs. Mr. Duysen previously was
president of First National Bank of
Council Bluffs, a position he resigned
from in June.

DES MOINES: Phillip L. Risley has
been named president and manager
of Brenco Automation Center, Inc.,
Northwest Bancorporation, Min­ the data processing sudsidiary of
neapolis, filed July 14 with the SEC Brenton Banks, Inc., headquartered
on a proposed public offering of two in Des Moines. He was formerly as­
million shares of preferred stock sociated with American Fletcher
with cumulative and adjustable divi­ National Bank, Indianapolis, Ind.,
dends and having an aggregate as vice president manager of Pro­
stated value of $100 million. Sal­ ductivity Systems. Herbet W. Ruble
omon Brothers Inc. has been desig­ has also joined Brenco as systems
nated sole manager of the under­ and programming manager. He prewriting group that proposes to offer viously was manager of data ser­
the new preferred in late July.
vices for Blue Cross and Blue Shield
Net proceeds will be used for in­ of Iowa.
vestments in or advances to subsid­
iaries and to partially fund the pro­ DUNLAP: Jay T. Randall was
posed acquisition of Dial Corpora- elected vice president and William

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Supplement to
Northwestern Banker Newsletter
7-26-82

Carleton D . Beh Company
Investment Bankers / Financial Consultants
1300 Des Moines Building / Des Moines, Iowa 50309
5 1 5 /2 8 8 -2 15 2

•

We own and offer subject to prior sale and change in price the following Pledge Orders:

•

AMOUNT

MUNICIPALITY

MATURITY

DENISON, IOWA

YIELD

9-1-82

9.50%

17.59

6-1-83

9.50%

17.59

12-1-83

9.50%

17.59

12-1-83

9.00%

16.67

Sewer Revenue Pledge Orders
Interest: 6-1 and 12-1
$ 2 ,000,000

FORT DODGE, IOWA

Water Revenue Pledge Orders
Interest: 6-1 and 12-1
$ 500,000

GLENWOOD, IOWA

TAXABLE
EQUIVALENT
AT 46%

Sewer Revenue Pledge Orders
(HFA-EPA-DEQ Take Out)
Interest: 6-1 and 12-1

•

$ 700,000
®

IOWA GREAT LAKES SANITARY DISTRICT

General Obligation Construction Warrants
Interest: 6-1 and 12-1

IN THE OPINION OF COUNSEL INTEREST ON THESE PLEDGE ORDERS IS EXEMPT FROM ALL PRESENT
FEDERAL INCOME TAXATION AND ALL PROPERTY TAXATION IN THE STATE OF IOWA.
•

Pledge Orders are issued in accordance with the provisions of Chapter 384, Code of Iowa, 1981, as amended, to
provide funds necessary for the construction of improvements to municipal utilities. In the opinion of counsel,
Pledge Orders are subject to the first lien of outstanding debt, if any, and together with such outstanding debt
are payable solely and only from the future net revenues of the respective municipal utilités.

The information contained herein is not guaranteed, but is derived froi
Bonds of a particular m aturity may or may not s till be availab

Division of


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Federal Reserve Bank of St. Louis

sources we deem reliable and is that on which our purchase of these bonds are based,
or may now be available at a price or yield different from that indicated above.

Hutton

& Company Inc.


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Federal Reserve Bank of St. Louis

Supplement to Northwestern Banker Newsletter 7/26/82

• Bank’s Exacting Requirements for Ag
Lender Met Through AGRIcareers

"F inding the combination- an abil­
ity to analyze ag credit and a w illing­
ness to make calls on farmers—is very
d iffic u lt."
When contacted by Rouse, AGRIcarers sent several resumes. Candi­
dates were interviewed, and Milbach
eventually was offered the job and
accepted, moving family to Eagle
Grove.

" I'd go through AGRIcareers
again."
— David Rouse

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EAGLE GROVE’S BRENTON BANK HIRED THEIR PRESENT AG LENDING
OFFICER, RON MILBACH, LEFT, THROUGH AGRICAREERS. ON THE RIGHT
IS BANK PRESIDENT DAVID ROUSE.
"O u r customers have come to
expect that w e'll always have good ag
loan officers," says David Rouse,
president of the Eagle Grove, la.,
Brenton State Bank.
Rouse turned to AGRIcareers in
late 1980 to locate a new ag loan officer
for the central Iowa bank that carries
about $18 million in deposits and is 65
to 70% ag oriented.

"Frankly, I look outside the
banking industry to attract
some of my best ag credit
people."
— David Rouse

As part of the Brenton system,
involving 18 banks, the Eagle Grove
bank's Ag Reserve Program provides
farmers with a modern borrowing
concept involving a line of credit
commitment that automatically ad­
vances funds to the farmers' account
as needed to cover operational ex­
penses.
For about a year and-a-half now,
Ron Milbach has been senior ag loan
officer and vice president of the bank.
Placed through AGRIcareers, his back­
ground included ag loan work with a
Production Credit Association else­
where in Iowa.


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Federal Reserve Bank of St. Louis

AGRIcareers' ,major contribution to
his search for a new man, said Rouse,
was knowing of Milbach's desire for a
new position. "They then convinced
him to consider ag banking. We had to
convince him to come to our bank."
A former ag lending officer himself,
Rouse says good ag personnel are
difficult to find. He wanted ag credit
experience as well as someone willing
to work in the country making calls on
farmers. "Frankly, I look outside the
banking industry to attract some of my
best ag credit people," he remarked,
"because other segments of agri-busi­
ness often are more attuned to
developing business by on-farm sales
calls.

" I 'd go through AGRIcareers again," comments Rouse. "T hey're in
the business of finding people who
have the potential to do certain kinds
of work.
"T he ir fee is well worth it if you
get a good person."
The banker worked with AGRI­
careers' New Hampton, Iowa office,
and his personnel specialist was Linda
Heit.
Sherry Dickerson places banking
personnel at our Massena, Iowa office.

30 ri C 4 R SB,IN C.
—I

THE OmOINAL AGRICULTURAL RECRUITER

NEW HAMPTON, IA 50659
[515] 394-3145
MASSENA, IA 50853
[712] 779-3744

THE BANK CARRIES DEPOSITS OF ABOUT $18 MILLION, AND IS 65 to 70%
AG ORIENTED.

agri careers,inc banking personnel newsletter
NW —1 AG LOAN/SALES/M ARKETING...
Very sharp sales manager for an equipment
leasing company responsible for promoting
leasing and finance programs. Two years with
a $80 million bank as ag loan representative
handling $6 million ag loan portfolio. Brings
excellent sales ski I Is... presents himself VERY
WELL! B.A. Business Administration. Mar­
ried. Age: 26. Lives MN. $25,000. Call Linda
at 515-394-5841.
NW—2 VICE PRESIDENT—LOANS...This
banker offers excellent banking skills in com­
mercial and installment lending. VERY
AGGRESSIVE... presents himself very well
in person...THRIVES on CHALLENGE. Four
plus years with a progressive bank. Three
years college. Married. Age: 35. Lives MN.
$30,000. Call Linda at 515-394-5841.
NW—3 AG CREDIT...This banker offers a
year of ag lending experience along with two
years with an ag credit institution. Reference
says, “ Good worker, trustworthy, got along
well with farmers, nice personality, knows
banking.” B.S. Ag Business. Married. Age:
29. Lives MN. $21,000. Call Linda at
515-394-5841.
NW—4 BANKING... Two-and-one-half years
with a PCA office managing a 5.5 million loan
portfolio. Developed and made the AGRI­
FAX program work. Increased member
awareness. Solid practical farm background.
B.S. Ag Business. Married. Age: 32. Lives IL.
$15,000. Call Gary at 712-779-3434.
NW—5 BANKING/PROFESSIONAL FARM
MANAGEM ENT... Here’s a fellow with ver­
satility: Presently owns 80% of a farm con­
sulting firm , sells farm real estate, does farm
appraisals, soil sampling and testing and has
taught Ag Economics, Mechanics, Soils and
Crops along with being an extension special­
ist for five years. B.S. Ag. M.S. Ag
Economics. Married. Age: 43. Lives IA.
$20,000. Call Linda at 515-394-5841.

•

NW—6 AG BANKING... Reference says,
“ Very professional, ethical and has a good
philosophy of ag lending.” Offers one year of
ag credit experience with an ag lending
institution along with a diversified know­
ledge of agriculture and a B.S. in Farni
Operations. Single. Age: 25. $15-$16,000.
Call Linda at 515-394-5841.

one of six out of twenty-five top ag econom­
ics students to serve four months internship
at a large national bank. Gained valuable
experience analyzing all ag loans, and
working on loans with correspondent officers.
His manner of presenting himself belies his
22 years. B.S. Ag. Married. Age: 22. Lives
NE. $15,000. Call Gary at 712-779-3434.

NW—7 AG LENDING... Assistant county
supervisor who offers two-and-one-half years
of ag lending experience for FHA. Also, has
related office management and bookkeeping
experience for a farm equipment firm .
Reference says, “ He did a good job...good
strong knowledge of ag, financial analysis
and farm planning...likeable guy...easy to get
along w ith .” B.S. Ag. Married. Age: 32.
Lives IA. $16,000. Call Linda at 515-394-5841.
NW—8 AG CREDIT... This sharp young as­
sistant county supervisor offers two years of
ag credit experience with FmHA...strong
background in dairy. Reference says, “ Very
good employee...very knowledgeable in ag
field...works well independently...personable
...strong in ag lending.” B.S. Dairy Science.
Engaged. Age: 25. Lives OH. $18-$20,000.
Call Linda at 515-394-5841.

NW—12
CREDIT/BANKING... Reference
•
says, “ Excellent communicator, top ag
lending abilities and a hard worker.” This
county supervisor for FHA is looking because
he is more ambitious than his present position
warrants. Ten years with FHA in charge of
loans of $16 million. Aggressive and tmpres- •
sive. W ill consider less than the $26,500 he is
now making. B.S. Ag. Lives MN. Married.
Age: 32. Call Linda at 515-394-5841.
NW—13 LEASING... Grain equipment be­
tween the dealer and the farmer is what this
^
high class Wisconsin man has been doing
since college graduation. Also worked one
summer for a feed and fertilizer elevator.
Good at accounting and bookkeeping. Has a
top personality and dresses sharp as a tack.
ONLY wants $12,000 to start. B.S. Ag a
Business. Single. Age: 23. Lives W l. Call
Linda at 515-394-5841.
NW—14 BANK C.E.O. ...Runs a 26 million
country bank with a strong ag loan volume.
Impressive record of clean loans. Doubled
deposits and tripled profits in his current 0
position. Strong technical skills. Good people
person. Reference says, “ EXCELLENT EM­
PLOYEE, strong in ag lending, good person­
ality, active in community activities.” Mar­
ried. Age: 43. Lives MN. $40,000 + bonus.
Call Linda at 515-394-3145.
0
NW—15 AG LOAN ...V.P. servicing a 12
million portfolio of ag loans. Reference says,
“ Good documentation, good analytical abil­
ity. Aggressive after large accounts with only
one very small loss.” Experienced in opera- ^
tions, budgeting, and management running a ™
branch. Married. Age: 36. Lives IA. $25,000.
Call Gary at 712-779-3434.

NW—9 AG BANKING... Very interested in
pursuing a career in ag banking. Has four
months of internship experience in ag
lending fo r a bank. Reference says,
“ Outstanding young man...great potential
in ag lending...fits well in community. B.S.
Ag Business. Single. Age: 22. $13-$14,000.
Call Linda at 515-394-5841.
NW —10 FINANCE/LEASING... Reference
says, “ EXC ELLEN T E M P L O Y E E ...ve ry
personable...gets the job done in collec­
tions...thorough and very organized.” Three
years with a major farm equipment company
in finance selling, promoting and collecting
on a wholesale dealer level. B.A. Marketing.
Married. Age: 26. Lives MN. $21,000. Call
Linda at 515-394-5841.
NW—11 AG FINANCE...Top trainee of the
month-picked by major bankers association as

£

CLIP AND ZIP ORDER FORM
Please send information on NUMBER(S).

Send information to attention of:

WE NEED_____________________________
WITH THE FOLLOWING QUALIFICATIONS:

Bank or Company_______________________

DUTIES WOULD BE:______________
LOCATION:_________SALARY:

Address ______________________________
City _________________________________ _
State ___________________ Zip___________
Phone(
)______________

Please fill in information and mail to: AGRIcareers.
New Hampton, la. 50659

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Federal Reserve Bank of St. Louis

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A. Wadsworth was promoted from
cashier to vice president and cashier
at Dunlap Savings Bank. Mr. Randall is currently an officer at the Iowa
Trust and Savings Bank in Emmetsburg.
LIBERTYVILLE: Robert B. Stump,
formerly executive vice president
and cashier, has been promoted to
president and cashier of Libertyville
Savings Bank.

3

Single System Banking

With

Availability
Availability of fu n d s. . . availability of people. . .
responsive to your needs.

National Bank of Waterloo
Waterloo, Iowa 50704 Member FDIC

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Nebraska News

Minnesota News

LINCOLN: First National Bank will
host its Correspondent Bank Confer­
ence Friday and Saturday, Septem­
ber 10-11. Following last year’s for­
mat, the event will begin with a
cocktail and hors d ’oeuvres party
Friday evening at the Lincoln Hil­
ton Hotel. A Saturday morning
breakfast will be followed by the
traditional ag panel. Luncheon will
precede adjournment to the nearby
University of Nebraska football
stadium where the Cornhuskers will
entertain the University of Iowa
Hawkeyes.

Control Data Corporation, First
Bank Minneapolis, and First Bank
Plymouth will host a corporate mar­
keting presentation on the National
Bankers Association on September
23 at First Bank Place, Minneapolis.
Financial officers from Twin Cit­
ies companies will learn how to de­
velop corporate banking programs
with minority-owned banks. Through
these banking relationships, corpor­
ations can play an important role in
the economic development of many
of the country’s minority com­
munities, while using valuable bank­
ing services.
For more information on the con­
ference contact Linda Dowell at
612/853-2837.

Illinois News
CHICAGO: Robert G. Williams,
chairman and chief executive officer
of Bank of Commerce has announced
the promotion of Charlotte F. Nuss,
vice president - consumer lending, to
vice president - operations and
cashier. Also promoted was Sandra
M. Wozniak, who, in addition to her
responsibilities as a consumer lend­
ing officer, has assumed the position
of manager - consumer lending. Mr.
Williams also announced the ap­
pointment of Joseph P. Kerr, vice
president - business development
and Bruce A. Granat, assistant vice
president - commercial banking
group.
CRESTWOOD: William R. Bruin
has joined Crestwood Bank as chief
executive officer and cashier. Prior
to joining Crestwood Bank, Mr.
Bruin served as chief executive officer of Industrial National Bank of
East Chicago, where he was in
charge of all bank operations.
GALESBURG: H. Ray Moore has
been named vice president of the
lending division of First Galesburg
Bank. Since 1973 Mr. Moore has
been vice president of the marketing
division at First National and had
overseen the implementation of numerous new services.


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Federal Reserve Bank of St. Louis

BUFFALO: Howard G. Luick has
been elected president of the Oakley
National Bank. Mr. Luick, previous­
ly executive vice president, succeeds
V.F. Hegeholz who died suddenly
May 31. Having joined the bank in
1977, Mr. Luick previously was vice
president with Northwestern Na­
tional Bank of Minneapolis. Arley
Watne was promoted to executive
vice president. Mike Parker and
Larry Schwahn were elected senior
vice presidents and Betty Gibbs was
named assistant cashier.
DODGE CENTER: John Rolf has
been elected vice president o f North­
western State Bank of Dodge Cen­
ter. In his new position he will be in
charge of all lending functions and
general operations. Mr. Rolf has
been with the bank since 1978.
DULUTH: William F. Zelen has
been named senior trust officer at
Northwestern Bank of Commerce.
He succeeds Robert R. Skinner, who
will retire from that position to
become a consultant to Northwest­
ern in a major restructuring of the
bank’s trust department.
Mr. Zelen chaired the manage-

Phone Max Cory
at 1-800-772-2411.

ment department at the College of
St. Scholastica before joining North­
western.
M INNEAPOLIS: In the admini­
strative group of Northwestern Na­
tional Bank, Larry J. W ipf has been
elected vice president in the cor­
porate economics and planning de­
partment. He joined the bank in
1979.
NEWPORT: The board of directors
of Town & Country Bank of New­
port has announced the election of
Edward G. Gutzmann as president
and chief executive officer. He has
been associated with metropolitan
banks for over 20 years, most re­
cently as executive vice president at
Capital City Bank, St. Paul.

For th e follow ing Purposes:
• Estate T a x IM i:’;:;-;-' • ‘
^I
• Employee s t o c k ..
. ;i
Ownership Trusts S i V :; ; I
• Litigation involving Breach
o f Fiduciary Duty ^
• Transactions Between
Trustee, Employer^;
and Trust § § » « § ■ ■: '■
• Divorce Settlem ents
• Buy-Sell Agreements?v:
• Acquisitions and Sales.
Philip Schneider & Associates, Inc.
suite 101 .
l603-22nd S treet
w e s t Des Moines, ia 50265
■ ¡ ■ t ?(515) 225*0000 B B i i

POSITIONS A V A IL A B L E
All positions are in Missouri, Arkansas, Kansas or Oklahoma.
EVP, $70mm bank, controller and operations.

To $45,000.

President, CEO, $30mm bank.
#2 Man, $35mm Bank, country lender.

open
To $30,000

#3 Man, $60mm Bank, Ag lender.

To $30,000

#2 Man, $25mm Bank, Country lender.

To $30,000

President, CEO, $60mm Bank.

To $40,000

#2 Man, $50mm Bank, Commercial/Ag Lender.

To $30,000

Eighteen years of banking serving as President of both
rural and metropolitan banks enables me to find the right
banking environment for you. I assure your confidentiality.
Phone or send resume to: Don W. Schooler & Associates,
901 A. West Jackson, Ozark, Missouri 65721. Phone (417)
485-6020 (9am - 5pm). (417) 883-3713 (Evenings).

AGRI OFFICER— Immediate opening, experienced ag.
loan officer to head department in $23 m illion bank
located in resort area. Excellent benefits. Submit resume
and salary requirements to First National Bank, Pine City,
MN 55063.
(PA)
OPERATIONS OFFICER—$23 m illion bank in lake area
has opening for operations person. Knowledge of com­
pliance and other bank regulations helpful. Excellent
benefits. Send resume and salary requirements to file
QBL, c/o Northwestern Banker.
(PA)
Immediate opening for manager of bank insurance agen­
cy. Experience in banking helpful. Contact Ed Buerkle,
President, Farmers and Merchants State Bank, New York
Mills, MN 56567. Phone(218) 385-2300.
(PA)
Position open for second man for $8 1/2 million bank. Re­
quires two to five year lending and operations experience.
Located in southwestern Montana. Phone 406/684-5678. (PA)
An experienced COMPTROLLER AND/OR CPA for $95
million bank. Expected that person fillin g this position will
become the chief financial officer of the bank. Salary
open. Contact John Hughes, H ills Bank and Trust Com­
pany, H ills, Iowa 52235.
(PA)
LEASING MANAGER—3 to 5 years in leasing business.
Degreed. Banking experience a plus. Send resume to: File
QBM, c/o Northwestern Banker.
(PA)
Opening for OPERATIONS OFFICER with two-three years
experience and desire to handle ag loans. Excellent oppor­
tunity In $9 million expanding north central Iowa bank. Send
resume and salary requirements to file QBO, c/o North­
western Banker.
(PA)
AGRICULTURAL LOAN OFFICER—2-3 years banking experience. College grad. $60 million central Iowa bank.
Write file QBN, c/o Northwestern Banker.
(PA)

AG LENDERS WANTED
If you have two or more years of ag lending experience and
want to move up, we have a select number of positions
open In the midwest. A degree from Iowa State University
or other ag-oriented university w ill be a definite plus.
Write or call Malcolm Freeland, Freeland Financial Ser­
vice, Inc., 1032 Carriers Bldg., Des Moines, Iowa 50309.
Phone 515/282-6462. Employer pays fee.
(PA)

Does an airline flight attendant’s ap­
pearance impress you? Call us today
and find how your tellers can do the
same to your customers.

M eA hoek^.
CAREER APPAREL
523 N. Main S t„ Carroll, la., 51401 712-792-2748 |

SERVING PROFESSIONALLY
Banking,Financial & Business Personnel
Iowa and Nationwide

CAPITAL PERSONNEL SERVICE
714 Central National Bldg. 515-283-2545
Des Moines, Iowa 50309

Senior Ag Lender, age 35, ISU grad., currently number two
man in $50 m illion com m unity bank, seeks growth situa­
tion in progressive bank. File 202

D O N Ä C H O O L E R In
AND- tg g jß / ASSOCIATES
" S u ccessful B a nking is Q u a lity P e rson nel"

Number Two Person, age 36, currently senior vice presi­
dent in charge of $28 m illion loan portfolio in com m unity
bank. Ready to move up. File 303
Operations Person with real estate loan and student loan
exp., former examiner. Age 28. Seeks new opportunity
under $26,000

IOWA NATIONAL BANK CURRENCY

Heavy operations person in key Illinois com m unity bank
seeks second man position. Former examiner. College
grad. $28,000
Ag Lender with ISU degree and PCA experience. Farm
background. $16,000
Ag Lender with ISU degree and three years experience
seeks job in central Iowa. Salary $25,000
CEO with outstanding track record in small com m unity
bank seeks new situation at under $35,000. Handles In­
vestments and ag loans.
Installment Lender w ith solid bank experience, now
employed, wants to join a progressive com m unity bank.
Salary range $24,000
Write or call Malcolm Freeland, Freeland Financial Services,
Inc., 1032 Carriers Bldg., Des Moines, Iowa 50309. Phone
515/282-6462. Employer pays a reasonable fee.

TIME TEMPERATURE
• Steel Tubular Frame
• Pole Optional
• Remolt Control

$2895
tv n m

I BH I

P.O. Box 263
Grand Island, Nebraska 68801
(308)384-0111

Estate Appraisals
Purchase of
Collections

WANTED
FOR PERSONAL COLLECTION
Also paying top prices for other
“ types” of U.S. currency and finan­
cial paper.
DON MARK
Box 1, Adel, IA 50003 • 515/270-8170

¿dToidsx an d cz/f'i.ioaLats.i
Bank Consultants
Specializing In Bank Acquisitions
515-232-0814
P.O. Box 450 405 Main Ames, Iowa 50010
D onald E. Holder , Principal

POSITIONS AVAILABLE
SENIOR COMMERCIAL LOAN—supervise all lenders in
$100MM bank with m ajority of portfolio in commercial and
ag credits.
$40,000
COMMERCIAL LENDER—for $50MM Nebraska bank. Han­
dle commercial and some ag loans. Advancement possi­
ble.
$35,000
OPERATIONS—Two-three years’ experience with opera­
tions and reports. Position will lead to cashier of $40MM
bank.
$20,000
REAL ESTATE LOAN—experience in commercial real
estate and construction lending required. Could head
dept, in $100MM bank.
$30,000

Sale o f Rare Coins

AGRI LOAN—addition to sta ff of $20MM rural Iowa bank.
Handle ag loans and conduct inspections.
$24,000

Reliable and respected service
for over 20 years

CASHIER— handle all Internal operations and reports for
$30MM suburban bank. Lending experience a plus.
$25,000

Used by bankers
throughout the midwest

AUDITOR—accounting degree and some bank audit ex­
perience would qualify for training position as cashier of
$35MM bank.
$20,000

Ben E . Marlenee
Coins

Several senior commercial loan positions available in
Iowa, Nebraska, Kansas and Missouri. Submit resume'
and salary requirements in confidence to:

913 Locust
Des Moines, Iowa 50309
515-243-8064

TOM HAGAN & ASSOCIATES
of Kansas City
Box 12346 - 2024 Sw ift
North Kansas City, MO 64116
816/474-6874
“ Serving the Banking Industry Since 1970”

Vol. 11 No. 14 Northwestern Banker Newsletter (USPS 873-300) is published weekly by the Northwestern Banker Company, 306
Fifteenth Street, Des Moines, Iowa 50309, (515) 244-8163. Subscriptions $1.00 per copy, $15.00 per year. Second class postage paid at
Des Moines, Iowa. Address all mail subscriptions, changes of address (Form 3579), manuscripts, mail items to above address.

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