The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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Vol. 9 No. 14
Des Moines, lowa
July 28,1980
Banker “ Draws the Line” on Capital
NE OF the recurring criticisms
O
directed to federal regulatory
authorities during the series of
Leadership Conference seminars
sponsored by the American Bankers
Association, to bring area bankers
together with the regulators, has
been the charge of a two-tier system
of regulation. The bankers who per
ceive regulation taking this direct
ion, state that federal regulators are
constantly urging and harassing
smaller banks to maintain a higher
level of capital, while permitting
major banks in the largest cities to
operate on a much lower capital
ratio.
At the recent Chicago meeting,
John E. Ryan, director of the Fed
eral R eserv e’ s
supervision and ■
regulation, de* IR h S
fended Fed policy H i
on bank holding H U p ,
company appli- H |
J H flj
cations in which B f c / y
SKL
large banks are Mpy-'v '^
permitted ratios
as low as 3 % and B H F a B
4%, while smaller
banks under $100
P. D. DUNLAP
million are required to have 8%
capital. He said the 8% ratio is “ de
fensible” in several ways because of
a broader base in portfolio and cus
tomers of larger banks, the higher
level of management expertise and a
more diversified economic base.
He was challenged, in turn, by an
Indiana bank president to show why
some larger institutions couldn’t
weather the past decade when they
were so diversifed and flexible. The
Fed’s theory “ doesn’t fly,” the
banker stated, while smaller banks
are told to move up to an 8 % base
while Bank of America and Citibank
are permitted very low ratios.
One banker who finally said he’d
had enough and refuses to have any
more to do with the Comptroller’s
pressing demand for more capital is
Paul D. Dunlap, president of Hawkeye Bancorporation, Des Moines,
which owns 24 Iowa banks, has an
application pending with the Fed to
acquire Capital City Bank of Des
Moines, and currently has $1 billion
in assets. Mr. Dunlap says Hawkeye has been pursued unnecessarily
by the regional comptroller’s office
in Kansas City for more capital for
its Clay County National Bank in
Spencer. His recent letter to that
office follows:
Mr. John Rogers
Deputy Regional Administrator of
National Banks
Kansas City, Mo.
Dear Mr. Rogers:
For four years . . . your office has com
plained that the Clay County National Bank,
Spencer, capital to loan ratio is not within its
peer group average. As a result you have re
quested additional capital be injected into
the bank and dividends paid by the bank be
reduced.
Your position is untenable. We have
supplied hundreds of pages of information
over the past four years showing Clay
County National Bank as one of the highest
asset quality and consistent earning banks
in the state of Iowa. The bank meets all other
peer group averages including capitaliz
ation. On April 30,1980, the bank had assets
of $40.4 million, loans of $27.2 million (67%
of assets) and capital and reserves of $3.3
million (8.18% of assets). Return on average
assets in 1979 was 1.24%. Loan losses were a
minuscule .008% of loans outstanding. Clay
County National Bank is by all measures a
high performance, well managed bank.
. . . Spencer is a dynamic community and
the surrounding agricultural area heavy in
cattle feeding requires a bank to lend fully its
funds if the loan demand is to be met.
. . . Earlier this year Pratt's Newsletter
referred to the fact Congress felt it necessary
in the new omnibus banking law to make
three separate statements that the Comp
troller of the Currency is to follow the law,
yet the Comptroller and his underlings daily
make statements that they are doing every
thing possible to spread Walter Wriston’s
Citicorp across the nation regardless of the
McFadden Act. The Comptroller’s office in
its grab for power under the guise of more
competition is willing to sacrifice 13,000
rural banks and destroy the dual system of
banking. It is hard for a rural Iowa bank to
accept what the regulators are willing to do
on the national scene when to us they apply
oppressive, smothering, rigid regulations,
supposedly justified by “ Congress made us
do it!”
“ Truth-in-regulation” is needed far more
than “ truth-in-lending.” What is said in
your Washington office as to the new exam
ination procedures, how capital adequacy is
viewed; the weight to be given to good man
agement; the strength a bank holding com
pany gives its banks; that the “ peer group
analysis” is merely a tool in the arsenal and
not to be used in an inflexible mode is unrec
ognizable when it comes out of the Kansas
City Regional Office applied by your exam-
CALL ON THE “PERFORMANCE TEA M ”
where common transactions
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https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
are handled uncommonly well.
IIIIH H H III
FI RST NATIONAL LI NCOLN
13th & M Street • Lincoln, Nebraska 68501 • Member, F.D.I.C.
2
iner. Your application cannot be reconciled
to the many press releases telling the public
how great is the enlightened procedure.
Our Company and our bank in Spencer are
drawing the line. We will no longer respond
or discuss with you the fact we are not in
your peer group risk asset ratio. We intend
to do absolutely nothing in regard to cutting
our dividends or injecting capital. Take
whatever course you wish. We will resist the
blind, incoherent, misapplied and burden
some application of bureaucracy with all the
resources we have.
Respectfully,
PaulD. Dunlap
President
When asked about the letter,
John Burt, regional administrator
in Kansas City, stated only that it
was an unsolicited letter and he
would have “ no comment.” Mr.
Dunlap reports he has had no re
sponse from any federal office con
cerning the letter but has 20 letters
from other bankers supporting his
position.
In a similar vien, Iowa superin
tendent of banks, Tom Huston, has
taken sharp issue with the Federal
Reserve System on several points.
In the first instance, his depart
ment, after careful investigation,
had given the principal of an Iowa
one-bank holding company approv
al on the application for a stated
management fee for the subsidiary
state chartered and supervised
bank. Within a short time, the Fed
undercut that decision by notifying
the principal the fee was denied,
thus leaving the banker with two
conflicting orders. Mr. Huston has
made it plain to the Fed that he has
regulatory authority over the state
bank in question, and if the Fed has
any reason for a different opinion
contact him instead of the bank.
In a talk this month to Iowa
bankers, Mr. Huston also warned
about the Fed’s apparent effort to
run rough-shod over state depart
ments and state banks with its
memos of understanding, its deter
mined efforts—not authorized by
Congress—to tamper with bank
structure, and its even greater con
trol over interest rates after Reg Q
phase-out—via its money supply
controls.
□
Frank Farrar Offers to
Take Over Kansas Bank
Frank L. Farrar, a well-known
banker with interests in 20 banks in
six upper midwest states, has made
application to the Federal Reserve
Bank of Kansas City for approval of
M .S.B. Holding Co., of which he is
the principal stockholder, to acquire
85% of the stock of Mission State
Bank & Trust Co. of Mission, Kan.
Mr. Farrar, a former governor of
South Dakota, will put in $2 million
of capital, while the holding com
pany and current owners also will
contribute $2 million each for a pool
of $6 million capital under the new
financing. Mission State had assets
of $101 million last year-end and has
been seeking additional capitali
zation. A Kansas City Fed official
said a decision would be made with
in a few days.
Iowa News
B ank on a
BANKERS’
BANKER
C all 1-800-362-1688, toll-free in Iow a
Several dozen Iowa bankers are
expected to attend the annual Iowa
Bankers Association Instalment
Lending School, to be held August
11-15 at Drake University in Des
Moines.
The school is designed both to
introduce the relatively inexperi
enced banker to the instalment area
and to update the resources of the
more experienced lender. Officers
and employes of IB A active or asso
ciate members are eligible to partici
pate in the school.
CLINTON: The First National
Bank has received consent from the
administrator of national banks to
locate an office in the 1600 block of
Lincolnway here.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
COLFAX: Charles M. Stinson,
president of the First National Bank
here, has been elevated to chairman
of the board, the office vacated by
the retirement of Howard E. Bell.
*
V
A
►
ASK
JERRY TRUDO
to make MNB
work for you.
0
Toll free
1- 800 - 332-5991
Merchants
^
National Bank 151
Member F.D.I.C.
A 'BANKS OF IOWA' BANK
The new president is James W.
Eiler, most recently vice president
in charge of lending at the Univer
sity Bank & Trust Co., Ames.
D ALLAS CENTER: Roger Winter hof has been named president of the
Brenton State Bank here succeeding
R oger R inderknecht who was
named president of the Jefferson
State Bank. Mr. Winterhof former
ly served as cashier of the Dallas
Center bank before moving to the
Brenton First National Bank in
Davenport in 1972. He was most re
cently senior vice president.
DES MOINES: Voldemars Vanags
has been named second vice presi
dent, investment services, at the
Iowa-Des Moines National Bank.
Most recently he was a second vice
president in the correspondent
banking department. Named to the
position of international banking
officer were Thomas J. Naughton
and James G. Oettinger.
DUBUQUE: The First National
Bank of Dubuque has received con
sent from the regional administrator
of national banks to locate a CBCT
unit at 3355 Asbury here.
KALONA: New officer appoint
ments at the Farmers Savings Bank
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Carleton D. Beh Co.
Supplement to Northwestern Banker Newsletter 7-28-80
Investment Bankers/Financial Consultants
A
NEW ISSUE
SALE DATE: July 17,1980
$1,765,000
GRINNELL, IOWA
MOODY’S: A
General Obligation Bonds
Dated: June 1,1980
Denomination: $5,000
Both principal and semiannual interest (J u n e l and December 1, first coupon due on Decernber1,1980) payable
at the Treasurer’s Office, Grinnell, 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
$ 70,000
75,000
80,000
85,000
90.000
95.000
100,000
110,000
115,000
120,000
6.50%
J u n e l,1982
J u n e l,1983
J u n e l,1984
J u n e l,1985
J u n e l,1986
J u n e l,1987
J u n e l,1988
6.40%
J u n e l,1989
6.25%
J u n e l,1990
6.40%
J u n e l,1991
5.10
5.25
5.40
5.55
5.70
5.85
6.00
$125,000
6.10
145,000
6.25
150,000
130,000
135,000
140,000
6.60%
J u n e l,1992
6.80%
J u n p l,1993
7.00%
J u n e l,1994
7.10%
J u n e l,1995
7.25%
J u n e l,1996
7.40%
J u n e l,1997
6.60
6.80
7.00
7.10
7.25
7.40
6.40
LEGALITY TO BE APPROVED BY AHLERS, COONEY, DORWEILER, HAYNIE & SMITH, ATTORNEYS,
DES MOINES, IOWA
Grinnell, the principal City of Poweshiek County, is located in the central part of the State of Iowa, approximately 50 miles east of Des
Moines. The City serves as the financial, industrial, shipping and trading center for the surrounding prosperous and productive agricul
tural area. Grinnell is the home of Grinnell College, one of the Nation’s foremost liberal arts colleges. The City also serves as the division
point for the several sizable utilities, Iowa Southern Utilities and General Telephone Co. DeKalb Hybrid Seed Co. and Cargill Seed Co.
maintain large processing plants within the City. The City is also the home of the Grinnell Mutual Reinsurance Co., Cornland Manufactur
ing Co., Ahrens Manufacturing Co. and Donaldson Manufacturing Co. Industry in the City employs approximately 2,300 persons of the
8,685 total population. There are two banks located in Grinnell with total deposits as of December 31,1979, in excess of $63,690,000.
Transportation facilities are provided by U.S. Highway No. 6, U.S. Interstate No. 80 and State Highway No. 146.
These bonds are being issued under the provisions of Chapter 384, Code of Iowa, 1979, as amended, to pay the costs of reconstructing,
improving and equipping the former junior high school building as a Grinnell Community Center to provide administrative offices, public
meeting and recreation facilities and an auditorium. In the opinion of counsel, these bonds are legal and binding general obligations of
Grinnell, 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.
r*
FINANCIAL STATEMENT
Actual and assessed value of taxable property, 1979
Direct debt, including this issue
Total direct and overlapping debt
$89,531,121
2,785,000
4,373,400
Population, 1975 Census: 8,685
-
Direct debt per capita: $320.67
Total debt per capita: 503.56
Tax collections have approximated 102.18% of taxes levied for the past five years.
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.
https://fraser.stlouisfed.org
Des M o in e s B uild in g • Des M oines, Iowa 50309 • 515-288-2152
Federal Reserve Bank of St. Louis
607 M a rq u e tte Ave. • M in ne a p o lis, M in ne so ta 55402 • 612-332-8825
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
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Single System Banking
with
ELI
NOW ACCOUNTS P P J |
N ow !
r e l f i
Bank Data Processing Professionals
National Bank of Waterloo
Waterloo, Iowa 50704 Member FDIC
include Larry E . Kern to senior vice
president; Eileen Yotty, vice presi
dent; Margaret Miller, assistant
vice president; Gary A. Kallaus,
cashier, and Delores Spitzer, assist
ant cashier.
T-^
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KEOKUK: Richard A. Bishop,
president of the Security State
Bank, has been named a regional
executive for Northwest Bancorporation, Minneapolis, effective A ug
ust 1. J. Agnew Rovane, senior vice
president, will become the bank’s
new president.
SPILLVILLE: Funeral services for
Charles J. Andera, 84, were held
earlier this month in Spillville. He
was retired from the Citizens Sav
ings Bank there after 40 years of
service.
Nebraska News
V '>
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4
V- >r
The regional administrator of na
tional banks has reported the follow
ing CBCT unit application activity
for Nebraska banks:
Overland National Bank of Grand
Island, Highway 281 and 13th
Street, approved; First National
Bank & Trust Co., Lincoln, 13th
and High Streets and 48th and Van
Dorn, approved; The Omaha Na
tional Bank, 12039 Blondo St.,
filed.
HASTINGS: Lloyd R. Kitrell has
been elected chairman and chief
execu tive officer o f the C ity
National Bank & Trust Co. He
joined the bank as president and
chief executive officer in 1973. O. J.
McDougal, executive vice president
of the bank since 1973, was elevated
to president and chief operating
officer.
OCONTO: The Farmers Bank here
will celebrate its 75th anniversary
on Saturday, August 2, with an
open house.
YORK: August C. “ Jack” Holmhttps://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
V {
P h o n e M ilt H e n n ic k
at 1-800-772-2411.
quist III has been named president
of the York State Bank & Trust Co.
He joined the bank in March after
serving as president of the Bank of
Nebraska in LaVista. He was execu
tive vice president of the First Na
tional Bank, Columbus, and was
with the National Bank of Com
merce in Lincoln for 16 years.
Minnesota News
ALDEN: The First National Bank
of Alden has received consent from
the administrator of national banks
to open a facility at the intersection
of U.S. 69 and West Main Street in
Albert Lea.
chairman and chief executive officer
at LaPorte (Ind.) Bank & Trust Co.
M r. D eR osier join ed N ational
Boulevard’s correspondent division
in 1969.
CHICAGO: Archer National Bank
of Chicago has received consent
from the administrator of national
banks to open a facility at 47 Street
and Kedzie Avenue.
CHICAGO: Thomas
has been elected vice
director of education
Bankers Association.
IBA as director of
1978.
J. Dammrich
president and
of the Illinois
He joined the
education in
South Dakota News
PHILIP: Philip Bancorporation,
Inc. has filed for permission from
the Federal Reserve Bank of Minne
apolis to become a bank holding
company by acquiring the majority
of common stock in the First Na
tional Bank of Philip.
HOPKINS: Northwestern National
Bank West here has received con
sent from the administrator of na
tional banks to establish an office in
Plymouth.
PIERRE: The state banking com
mission was recently reorganized.
Elected chairman was Charles H.
Burke, president of BankWest,
N .A ., Pierre, and Beverly Zigler
was re-elected secretary to the com
mission. James I. Deam, president
of the American State Bank, Yank
ton, was re-appointed to the com
mission for a term to expire in July,
1983.
Illinois News
READY NOW
ARLINGTON HEIGHTS: Toll
way-Arlington National Bank of
Arlington Heights has received con
sent from the administrator of na
tional banks to open an office at 450
Higgins Road in Elk Grove.
A R L IN G T O N H E IG H T S : A n
application by the First Arlington
National Bank in Arlington Heights
for an office at Arlington Heights
and Rand Roads has been denied by
the administrator of national banks.
AURORA: Organizers of the pro
posed Citizens National Bank of
A urora have received charter
approval from the administrator of
national banks. Agent for the corp
orate reorganization is Charles R.
McKirdy.
CHICAGO: H. Peter DeRosier, vice
president at National Boulevard
Bank, has been appointed head of
the correspondent bank division. He
fills the position vacated by George
Dearborn, who will become vice
io w a -nebrasI a
BANK DIRECTORY
‘P ublished b if
No r t h w e s t e r n B a n k e r
DES M O IN E S
COMPLETE INFORMATION
O N A L L BAN KS IN
IOWA and NEBRASKA
ACCURATE'
DEPENDABLEPOCKET 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.
3
4
SIOUX FALLS: Western State
Bank has received consent from the
state banking commission to change
its name to Western Bank.
PARTIAL LIST OF
AVAILABLE POSITIONS
W EBSTER: The Day County Bank
here has increased its amount of
capital stock from $125,000 to
$150,000.
#2—Generalist needed fo r new charts. Want an ag
gressive go-getter. $27,000
Two ISU Grads, with ag lending experience, wish to
relocate in central Iowa area.
COLORADO SPRINGS: Construc
tion was scheduled to begin this
summer on a new facility for the
Garden of the Gods Bank, one of the
first passive solar bank buildings in
the country, according to Stephen
S. Laine, president. Completion is
planned for the spring of 1981.
Iowa Law Grad, with seven years private practice,
wants to join trust department of progressive bank.
MISSOULA: George Henry, a
Dillon banker and former vice pres
ident at the First National Bank of
Minneapolis, is recovering from a
stroke at Community Rehab Center,
Fort Missoula, 59801. Phone (406)
543-6378.
Wyoming News
CHEYENNE: W yoming Bancorporation has entered into an agree
ment in principle for private place
ment of an $8 million issue of 8.5 %
convertible subordinated deben
tures due in 1992, according to
David R. Johnson, president. Texas
Commerce Bankshares of Houston
and Standard Security Life Insur
ance Co. are the two principals in the
purchase. The transaction is subject
to Federal Reserve Board approval.
W AN T ADS
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
V-
TRUST OFFICER— Experience needed. W ill event
ually take full responsibility fo r department. $21,000
Colorado News
Montana News
A
OFFICER—W ill have total and complete responsi
bility for industrial bank. A ll types of lending. $18,000
Operations Officer, with excellent experience, w ill re
locate in upper midwest.
DENVER: Organizers of the pro
posed The First National Bank of
the Southwest here have received
charter approval from the adminis
trator of national banks. Agent for
the new bank is Theodore D. Brown,
chairman and chief executive officer
of The First National Bancorporation, Inc.
m
CASHIER— Four to six years operational experience
needed. Excellent location, good opportunity.
$21,000
Instalment Loan Officer, in $14 m illion department,
seeks new position in upper midwest.
Write or call Malcolm Freeland, Freeland Financial
Service, Inc., 306 Fifteenth Street, Des Moines, Iowa
50309. Phone (515) 244-8163. Employer pays fee. (PW)
POSITION AVAILABLE
AG OFFICER—Two years experience needed. Be#1 in
department. Must be able to work with little super
vision. $22,000
VP—Commercial lending. Must have strong lending
and supervisory experience. $28,000
OPERATIONS—Ag bank in Minnesota. Oversee all
operations. EDP experience a plus. $15,000
FOR FURTHER INFORMATION
RESPOND IN CONFIDENCE TO:
Bank Division
m
Commerical Loan Officer, with ag experience, needed
by com munity bank in eastern Iowa.
Cashier for newly-chartered bank in midwest town of
25,000.
ROBERT HALF
of iowa, inc.
317 6th Ave.
Des Moines, IA 50309
(515) 244-4414
AG BANKING CAREERS
Auditor, w ith CPA or bank auditor degree, wanted by
$45 m illion Iowa bank.
AG LENDING REP... Io w a ..........................$17-18,000
CEO wanted by Iowa community bank to replace retir
ing president.
CREDIT M A N A G E R ...O hio........................$23-25,000
AG LENDING OFFICER... SE Minn.......... $16-18,000
W rite or call Malcolm Freeland, Freeland Financial
Service, Inc. 306 Fifteenth Street, Des Moines, Iowa
50309. Phone (515) 244-8163. Employer pays fee. (PA)
HEAD TELLER— Rockford area with experience as
supervisor of teller area with knowledge and experi
ence in teller training techniques. Our staff is aware of
thisad. Write fill KBU, c /o Northwestern Banker. (PA)
COMMERCIAL LOAN OFFICER—$40 m illion 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)
RETAIL BANKER—Outstanding growth opportunity
for right person. We are a large suburban bank in the
midwest, with plans to restructure our instalment
lending activities into a broader personal banking
approach. The individual we are seeking w ill be divi
sion chief and a member of the executive committee.
Must have excellent credentials. Replies w ill be held
in strict confidence. An Equal Opportunity Employer.
Write file KBQ, c /o Northwestern Banker.
(PA)
FOR SALE
FOR SALE
Burroughs TR-102 electronic teller machines. Upgrad
able to on-line; 2-3 years old. Guaranteed. $995 each.
NCR 152-70 teller machines. Completely recondition
ed. Guaranteed; 15 days free trial. $775 each.
NCR 490 desktop check encoders. Full-field. Guaran
teed. $875 each.
NCR 775 proof machine. Maintenance will transfer.
$7900.
. • ’___________ C a ll(214)757-7760___________ (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
(515)835-8160.____________________________ (FS)
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 w ith heat and air conditioning. Call (319)
291 -5429 or (319) 291 -5468.__________________ (FS)
Independent Management Services
Specializing in Bank Acquisitions
By Independent Investors
No Broker Fees
Cal 1515-223-1044
Homer Jensen
—
Dick Buenneke
3737 Woodland Ave.
Executive Suite 120
West Des Moines, Iowa50265
LOAN OFFICER... Io w a ..............................$15-20,000
CREDIT SUPERVISOR... Ohio ..................$17-21,000
AG LOAN REP... Iowa ......................
$20-25,000
Since 1968, banks and other ag-related employers
have been paying us to find the personnel they need.
For more information, give Linda (our banking spec
ialist) a call today.
3OH CAREERS, INC.
m J
AGRICULTURAL
PERSONNEL RECRUITERS
(515)394-3145____________ New Hampton, IA 50659
SERVING PROFESSIONALLY
Banking, Financial & Business Personnel
Iowa and Nationwide
CAPITAL PERSONNEL SERVICE
714 Central National Bldg. 515-283-2545
Des Moines, Iowa 50309
POSITIONS AVAILABLE
JR. AGRI LOAN—Addition to staff of $100MM bank.
Prefer ag business orag econ degree.................... 18K
JR. COMMERCIAL LOAN—$30MM Iowa bank seeks
junior officer with formal credit analysis experi
ence.
...................................................................18K
PRESIDENT—Opportunity for investment in $15MM
bank. Strong ag and commercial experience requir
ed.............................................
30K
CASHIER— Excellent opportunity for junior officer
w ith 2-3 years operations experience.................... 16K
EXEC. VICE PRESIDENT— New charter in growing
suburban area. W ill have opportunity for #1 spot in
two years................................................................... 30K
CASHIER—Solid operations background and some
knowledge of EDP systems for #2 spot in $20MM rural
bank........................................................................... 22K
SENIOR AG LOAN—$25MM rural bank with oppor
tunity for president’s position in two years...........28K
Many additional opportunities for both junior and
senior officers. Please forward resume and salary
history to:
TOM HAGAN & ASSOCIATES
OF KANSAS CITY
P.O. Box 12346 / 2024Swift
North Kansas City, Missouri 64116
_____________ Phone (816) 474-6874_____________
Vol. 9 No. 14 Northwestorn 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. Address all mail subscriptions, changes of address [Form 3579], manuscripts, mail items to above address.
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