The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
• Des Moines, Iowa Vol. 14 No. 15 July 29,1985 A B A Opposes FDIC on R .E ., Insurance jn ® _ ® ^ ^ ^ q A 0 0 ROPOSED FDIC regulations I which would require bank real estate investm ent and insurance underwriting activities to be put in a separate subsidiary are unnecessary and counterproductive, the American Bankers Association said in a re cent public hearing held by FDIC. These activities are no riskier than traditional banking, and potentially can increase the safety and soundness o f banking, according to James L. Ryan, president and CEO o f Bank o f W alnut Creek, Cal., testi fying for A B A . But their potential for increasing banks’ strength and diversity could be diminished by the FD IC ’s propo sal, he said. Mr. Ryan represented the A B A as a member o f the Administrative Committee o f its Govern ment Relations Council. “ For many banks, both large and small, real estate equity invest ments would represent a way to capitalize on existing experience and in crease bank profitability through ac tivities that are closely related to current bank activities,” Mr. Ryan said. “ Through equity investm ents, commercial banks and developers would have greater financial stabili ty in development projects,” he said. Equity investm ents are no risker than direct loans for real estate development, he stated. “ Further, bank investment in real estate will provide a benefit to the com m unity as it will develop greater growth in real estate than would otherwise be available,” Mr. Ryan said. “ Similarly, insurance activities present little increased risk to banks and are risks that are com patible with banking. Both businesses in volved the solicitation o f deposits (premiums) from custom ers and the investm ent o f those deposits in loans or securities until the need arises to return them to the custo m er,” he said. However, Mr. Ryan warned that if insurance underwriting and real estate investm ent must be carried out through sudsidiaries, with sepa rate employees, officers and direc tors, safety and soundness may be impeded. “ The persons with the m ost knowledge about real estate invest ment will be found in the real estate lending department o f the bank,” Mr. Ryan asserted. “ The collective experience o f bank employees, officers and directors is the by-product o f many years o f an alysis and decision making. This ex perience has been sharpened by the success and failures in the bank’s portfolio,” he said. Mr. Ryan also said that the sepa rate subsidiary proposal would deny to the subsidiary the benefit o f the bank’s reputation, which would cur tail much o f the start-up business vital to new ventures. An additional strike against the subsidiary is its separate capitaliza tion requirement, which com es at a time o f increased industry and regu latory concern regarding bank capi tal, Mr. Ryan said. A lso, lim its im posed on invest ments in any one real estate develop ment would im pose barriers to the entry o f smaller banks into real es tate developm ent, causing them to turn away good opportunities for real estate investm ent, he added. The FD IC ’s proposed regulations would prohibit any insured bank from directly engaging in underwrit ing insurance, developing real es tate, reinsurance, guaranteeing or becom ing surety upon the obliga tions o f others, or engaging in a surety business, subject to certain exceptions. If any o f these activities are au thorized by state or federal law, they would have to be conducted in a separate subsidiary o f the bank. Currently, states authorizing state chartered banks to engage in direct real estate developm ent include: Alabama, Arizona, Arkansas, Cali fornia, Connecticut, Florida, Maine, M a ssa ch u se tts, N eva d a, N ew Hampshire, New Jersey, New York, N orth Carolina, O hio, O regon, Rhode Island, Vermont, and W ash ington. Mr. Ryan, who is also vice chair- Call on the “Experienced Professionals” Ready to meet your correspondent needs. ^ First N ational Lincoln A FirsTier Bank Member. F.D.I.C 13th & M Streets, Lincoln, Nebraska 68501 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2 U.S. Highway 6. There will be a shotgun start at 12:00, cocktail hour from 5:00 to 6:00 p.m ., and a prime rib dinner at 6:00. Cost is $30, or $12.50 for ju st cocktails and dinner. Make reservations before August 15 to the bank at (515) 498-7714. man o f the California Bankers A sso cia tion 's G overnm ent R elations Committee, said that association supports A B A ’s position. □ Iowa News Clair J. Lensing, chairman of Group 4 and president, Farmers State Bank, Marion, announced re cently that James P. Lage, president and CEO o f Citizens State Bank, Postville, has been elected Group 4 secretary. Mr. Lage succeeds the late Robert J. Ralston, president, First National Bank, W est Union, who died o f a sudden heart attack in late spring. * * * ASK STAN FARMER 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 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Oliver A . Hansen, president, Liberty Trust & Savings Bank, Durant, was elected president o f the Iowa Independent Bankers at the annual m eeting at Lake O koboji on July 20. He succeeds Ned K. Job, president, Iow a State Savings Bank, Knoxville. The new vice presi dent is George H. Perry, president, City National Bank, Shenandoah, and treasurer is D avid L. Miller, president, W est Des M oines State Bank. Full details in August maga zine. * * * SIO U X CITY: Steven W . Corrie has been elected senior vice president at Security National Bank. He joined the bank in 1980 after three years with local financial institutions. He was named com ptroller in 1981 and vice president—finance in 1982. Nebraska News The Nebraska Bankers A ssocia tion is sponsoring its 1985 Lending Com pliance Conference A u gu st 13-15. It has been designed to assist loan officers in minimizing their po tential loss through improper use o f loan policies, credit files, documen tation and regulatory statutes. The conference will be at the Scottsbluff Inn on the 13th, the Lincoln H ilton on the 14th and the Kearney Ramada on the 15th. Registration/continental breakfast is 8:30 a.m. with The Northwest Iowa Chapter of program s from 9:00 to noon, lunch the National Association o f Bank from noon to 1:00, and program s W omen has planned a com bination from 1:00 to 4:30. Fee includes meals w ork sh op and recrea tion day and materials and is $65 for the first scheduled for Saturday, August registrant and $55 for each addi 24th at the Holstein Country Club in tional. Holstein, Iowa. Beginning at 9:30 D A V ID CITY: W illiam C. Smith, a.m., the group will participate in a president and CEO, First National workshop on “ M aking Things Hap Lincoln, and James L. Howe, presi pen: Leadership in A ction " led by dent and CEO, First National, Sharon Johnson, vice president, David City, report their boards have Holstein State Bank, H olstein, and approved an agreement in principle assisted by Jean M. Rentel, as to merge the David City bank into sistant vice president, T oy National First National Lincoln, effective Bank, Sioux City. G olfing has been January 1, 1986. First National, planned for the afternoon starting at David City, would becom e a full ser about 2:00. vice office o f the Lincoln bank. DES M OINES: Joseph M. Bognanno, Jr., who resigned earlier this year as senior vice president at Bankers Trust Company, has taken a position as vice president in com mercial lending at Chase/Lincoln Bank in Rochester, N.Y. \ KREJCI & ASSOCIATES • • • • • • • IO W A FALLS: William Hurd has been appointed executive vice presi dent o f Citizens State Bank. Mr. Hurd has 15 years o f banking exper ience. His m ost recent position has been as chief executive officer o f the Union Story Trust and Savings Bank in Ames. G ILM AN : The Fourth Annual Citi zens Savings Bank G olf Day will be held Sept. 12 at Oakland Acres G olf Course, west o f Grinnell, Iowa on Collections/Loan Workouts Collateral Liquidations Loan Policy & Procedure Documentation/Compliance Bank Operations Pricing Bank Services Personnel Management Available on an interim basis. More than 19 years experience. References available on request. KREJCI AND ASSOCIATES Financial/Management Services 1 26 05 S o u th d a le Drive O m aha, N e b ra ska 6 81 37 (4 0 2 ) 8 9 5 -6 0 2 7 V. J N J-1 SR. LENDER/BANK M GM T—8 yrs. in same holding co. Currently #2 officer in $75MM bank, responsible for $25MM ag/commercial loans. Strong collections & work out skills, good people mgr. Ran $20MM bank previously. Excellent refer ences from former supervisors. Sharp appearance. Open to relocation in Midwest. B.S. Ag Econ. plus bank schools. Married. Age 35. $42,000. Call Jean. N L-14 CE0/#2 O F $10-$40MM BANK—Offers twelve years in ag banking. Operated own insurance agency with $150,000 gross volume, managed branch bank of $12MM in assets and $300,000 insurance agency. Currently managing $25MM branch bank. Super references. Strong ag background. Married. Age: 50. Lives IA. $30-35,000. Call Linda. RJ-2 C .E .O .—Currently C.E.O. of S50MM ag bank. 15 yrs. banking experience. Strong lending/administration skills. B.S./M.S. plus advanced banking schools. Mar ried. Age 45. $65,000. Call Jean. NL-15 AG LEN D ER —Immediately available. Four-and-one-half-years with FLB in new business development, loan servicing and customer service. Reference says, "Very detailed, knows cash flows, ag knowledge, good team player...has a likeable per sonality.” Married. Age: 28. Lives MN. $26,000 + . Call Linda. NJ-3 EX EC . V .P .—Over 20 yrs. in banking; ag, commercial, student, SBA loans, operations, personnel mgmt. Currently responsible for administration and loan workouts involved in cleaning up mismanaged bank. B.S. Married. Age 50. $45,000. Call Jean. NJ-4 C .E .O .—20 yrs. with major holding co. Moved up to Pres/CEO of $35MM bank with $20MM in loans (primarily ag). Now C.E.O. at $15MM bank with emphasis on Commercial, consumer & real estate loans. Handles loans, operations, investments, and personnel. Married. Age 42. $49,000. Call Jean. HJ-5 SR. M GM T—Now Pres/CEO of $10MM ag bank. Handles all loans, bank man agement, investments. Prior exper. in correspondent and trust areas. Strong ag background. Excellent appearance. B.S. Economics plus graduate of banking schools. Married. Age 37. Will relocate to midwest towns of 1000 or more. $45,000. Call Jean. RJ-6 V .P .—Currently (and for past 10 yrs.) in charge of $15MM ag loans in $90MM bank. Shares commercial loans, operations, administrative duties. B.S./M.S. Ag Econ.,, extensive bank schooling. Excellent appearance. Married. Age 40. $48,000. Call Jean. MJ-7 V P—Offers 5 yrs. current banking experience as ag rep and office manager, 3 yrs. previous PCA experience. Presents himself very favorably, low-key but profes sional and self-motivated. He and wife very active in community. Strong on cash flows, analysis, PR; extensive ag background. B.S. Ag Bus. and banking courses. Age 33. $28,000. Call Jean. NJ-8 AG LEN D ER —Over 10 yrs. ag lending experience, formerly with FmHA as Coun ty Supervisor, now handling large number of PCA's problem loans. References say, “ has successfully reduced loan problems, and helped farmers gain business sense as well.” Good attitude and down-to-earth personality. B.S. Ag. Married. Age 35. $30,000. Call Jean. NJ-9 V .P . AG LOANS—In charge of $10MM ag loans at $50MM bank for the past 3 yrs., this candidate was formerly a PCA loan officer. Strengths include constant in volvement with loan workouts, as well as ample exposure to other areas of banking. Highly praised by former supervisor. M.S. Ag. Married. Age 39. $34,000. Call Jean. NL-13 AG/COMMERCIAL LEN D ER —Experienced loan officer (responsible for close to $5MM ag loan volume) is seeking opportunities in ag banking. Offers three years PCA experience. Reference says, “ He has gained hands-on experience in ag credit that would take a loan officer 5-10 years time to gain. Good to very good perfor mance.” B.S. degree from Iowa State. Married. Age: 25. Lives IA. $25,000. Call Lin da. NL-16 EVP/CE0—“ Guaranteed to be bank president in a few years,” former super visor says. Offers well rounded experience in ag credit analysis, cash flowing and commercial lending. Community involved. B.S. Animal Science. Married. Age: 30. Lives MN. $45,000 + . Call Linda. N L -1 7 EV P —Currently responsible for ag, real estate, commercial and installment loans for a $13MM bank along with bank operations. Reference says, “ He has super credit judgment-no question about it! Excellent rapport with customers." Looking for a challenge.. Licensed in Insurance and Real Estate. B.S. degree. Mar ried. Age: 33. Lives MN. $35,000. Call Linda. NL-18 AG LOAN OFFICER—Two years experience as credit representative for a captive financing firm. Super reference. Good communication skills...professional and a self starter. Available due to limited opportunities with present firm. B.S. Ag Economics. Single. Age: 24. Lives Wl. $20,000 + . Call Linda. N L-19 VICE PRESIDENT-Down -to-earth rural banker seeking an opportunity with a solid, ag bank. Offers ten years with $10MM bank with responsibilities in ag (prob lem work-outs), R.E. and installment lending. Experience with computers. B.S. degree. Married. Age: 45. Lives MN. $30,000 plus. Call Linda. NL-20 CE0/#2—Currently in charge of entire lending function for $20MM bank with loan portfolio of $15MM last four years. Thirteen years previous experience with large holding company and offers ag and commercial lending experience. Re ceives good references. Banking schools. Married. Age: 40. Lives MN. $40-45,000. Call Linda. NL- 21 AG BANKER—Five years with FmHA as Ag Management Specialist and most recently with a captive finance company in ag credit. His reference says, "Positive attitude...strengths are his personality, patience and ag credit skills.” Iowa State grad with a double major. Married. Age: 34. Lives Wl...wants West. $20-25,000. Call Linda. NT-24 AG LOAN OFFICER—Reference says, “ Excellent ag lending knowledge and good rapport with clients.” This extremely sharp ag lender offers four years with FLB most recently supervising a staff of two loan officers and two clerical. Very knowledgeable in agriculture. Quick and accurate in credit analysis. Self-starter. B.S. Ag. Married. Age: 26. Lives IA. $30,000. Call Terri at 515-394-3147. NT-25 AG/0PERATI0NS OFFICER—Reference says, “ Aggressive, works well with farm ers and did an excellent job screening clients.” Three years ag loan correspondent for finance company and currently assistant branch manager and loan officer with a major holding company. Well recommended. B.A. Ag. Married. Age: 27. Lives IA. $23,000. Call Terri at 515-394-3147. Our reputation of maintaining our candidates’ confidentiality enables us to at tract a select group of ag bankers and lenders... those currently employed and not actively ¡ob hunting, but ready to make a move for the right opportunity. When you describe your needs to us, we contact our candidates who fit your de scription to discuss the position and location to ascertain their interest before disclosing their names or sending you their resumes. This not only protects our candidates identity, but saves you time...when we sub mit a candidate for your consideration, you’ll know he or she has an interest in your bank, community and salary range. Let us know your needs without commitment; we won’t ‘hound’ you with phone calls or ‘flood’ you with resumes, and there is no fee unless you hire. Linda 515/394-5827 New Hampton, Iowa 50659 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis We serve as the source to locate candidates who meet your qualifications and are interested in your position. We are available to assist, not ‘insist.’ We allow and encourage your direct contact with our candidates. YOU make the choice and decision without pressure. 515/263-9598 (W/F) 712/779-3567 (M/T/TH) Massena, Iowa 50853 Supplement to Northwestern Banker Newsletter 7-29-85 N-1 V P—Good opportunity for growth within bank chain. Ag lender needed in $20MM bank; small ag portfolio in excellent condition. Handle documentation, farm inspections, analysis, and new customer develop ment. Learn commercial lending. Requires 3-5 yrs. ag lending exper. from bank or PCA, and Ag degree. IL. $28-$35,000. “AGRIcareers was extremely helpful, and worked closely with us. Receiving screened applicant resumes saved us time. What / liked most about their service was that they didn’t send me a hundred resumes.” Jim Neuroth, Sr. V.P. First Bank Albert Lea, MN N-2 AG LOAN OFFICER—$70MM central IA bank. Requires 5 yrs. bank ex perience. This is not a problem bank. $33,000. N-3 AG R EP—Share ag lending duties in $25MM W. IA major holding co. bank. Technical skills a must. Requires 1-2 yrs. bank or Farm Credit Sys tem experience. (May consider summer internship) $17-$21,000. N*4 AG LOAN OFFICER—In $50MM S. IA bank. Will assist with loan review, work outs and collections. Must have strong accounting skills—a good numbers person. May work with some commercial lines also. Requires 5 yrs. bank exper. $35,000. N-5 C .E .0 .—$60MM IA bank; requires 5-10 yrs. experience in all phases of lending and management of IA bank of similar size. To $60,000. N-6 C .E .0 .—$25MM N. IA bank; must have 10 yrs. experience in ag/commercial lending, investments, and general bank management. $45,000 + bonus, P.S. etc. N-7 AG LOAN OFFICER—Bank holding company seeking experienced ag lender to share in workload of $14MM ag portfolio (3 other loan officers). 2-5 yrs. ag credit experience required. Degree a plus. Iowa. $26,000. N-8 AG LEN D ER —$50MM ag bank is looking to fill ag loan position. Admin istration of ag loans. Good communicator...logical...workout loan ex posure. 3-5 yrs. ag credit experience. Iowa $25-30,000. “I’d use AGRIcareers again...their fee is well worth it to get a good person.” David Rouse, Pres. Brenton State Bank Eagle Grove, IA N-9 COM MERCIAL LEN D ER —Multi-bank holding company needs experi enced commercial/real estate construction lender. 3-5 yrs. commercial lending experience. Metro area. Mid $30,000’s. N-10 G ENERA L LOAN OFFICER—Assist EVP with $24MM loan portfolio which consists of R.E., Commercial and ag loans along with supervising clerical staff in loan area. MINIMUM of 5-8 yrs. banking experience. Illi nois. $28-33,000 plus fringes. N -11 OPERATIONS OFFICER—Report to Cashier and supervise tellers, bookkeepers and the data procesing for a $50MM bank. People ori ented. 3-5 yrs. experience in operations with a smaller bank. Illinois. $18-22,000 + . N-12 SENIOR LENDING OFFICER—Independently owned ag bank seeks senior lender responsible for loan portfolio of $6MM with emphasis in ag area. Five or more years of ag credit experience. Minnesota. $30,000 + . N-13 VP—$30MM bank wants to hire Senior Loan Officer to be in charge of total loan portfolio ($15MM). Build loans but maintain loan discipline. 15-20 years bank lending experience in “ community” bank with ag ex posure. Minnesota $31-37,000+ + + . N-14 J R . AG LENDERS—Two Iowa positions available for ambitious candi dates with 1-2 years current ag lending experience from bank or PCA. Must be knowledgeable in and willing to work with problem loans. $18-25,000. N-15 CEOs—Seeking executive officers for Minnesota and Iowa ag banks ranging in size from $15MM to $60MM. Bank experience a must. $40-45,000+ + + . N-16 AG/C0MMERCIAL OFFICER—Assist Senior Loan Officer with $11 MM loan portfolio. Work-out experience a plus. 5 yrs. bank or PCA. Good ad vancement potential. Minnesota. $25-35,000. w a N -17 AG D EP T. HEAD—Major bank holding company needs person to head up ag dept, of $12MM (some commercial loans). 4-7 yrs. bank ex perience. Minnesota. $27-32,000. N-18 COM M ERCIAL LEN D ER —Bank holding company seeking a commer cial lender with 3-5 yrs. commercial lending experience. Metro area-Minnesota. $30-33,000. “in some cases, a bank’s employees are the only distinguishing factor between the bank and its’ competition. We were able to hire the kind of individual we wanted through AGRIcareers.” Randy Schouten, Pres. Norwest Bank Montevideo, MN N-19 AG LEN DER —$8MM rural ag bank is seeking lender with primary re sponsibility in ag loans and involved with the insurance agency. 3-5 yrs. ag credit experience. Minnesota. $25-30,000. % ^ £ 9 N-20 AG LOAN OFFICER—Multi-bank holding company looking for ag lender to be responsible for a $7-8MM ag loan portfolio. 3-5 yrs. ag credit experience. Minnesota. $30,000 area. N-21 CEO—$25MM ag bank is seeking executive officer to be in charge of bank operations, personnel and the lending function. Bank has above average capital structure. 10-15 yrs. experience in ag banking (opera tions, lending and management). Mature, idealistic, and goal oriented. Located close to a college town in Minnesota. Stock ownership available. $40-45,000. 0 N-22 CEO—Assume number two position and have advancement potential to become CEO for a $20MM independently owned ag bank in south ern Minnesota. In charge of entire lending function (ag & comm.) $15MM portfolio. 10-15 yrs. ag banking experience required. Stock ownership possible. $45-50,000. ® N-23 C0MMERCIAL/RE LEN D ER —Work with commercial and RE loans along with marketing bank services for a $70MM ag bank centrally lo cated in Iowa near metro area. Requires 10 years commercial lending experience with some ag exposure. $35,000. ^ N-24 #2—Responsible for insurance, operations and loans for a small, rural ag bank. Major emphasis in insurance...need to be licensed in all lines. Prefer experience in banking. Degree preferred. Iowa. $25,000. N-25 CORPORATE RISK M ANAGER—Corporate manager accountable to SVP of Admin, to be in charge of supervising activities of seven insurance agencies in a 24 bank holding company system. Requires bank insur ance agency experience with proven track record. Western U.S. $30-35,000 with good benefits. AGRI CAREERS: Serving you with the confidence you demand https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 0 Q w ^ Supplement to Northwestern Banker Newsletter 7-29-85 1985 Bank D irecto ries N ow A v a ila b le . . . Accurate, up-to-date information on every bank in the state, concerning: • Officers and Directors • Deposits, Loans, Assets and other figures • Other offices away from main bank • Addresses and phone numbers • Departments within the bank and their officers • Correspondent banks used r NEW 1 9 8 5 EDITIONS Y I / I Nebraska — Nearly 200 pages. Iowa — Over 300 pages. CONVENIENT TO USE...lies flat for reading or copying (pages 3 1/ 4 " x 6 V2 "). Send me----------------copies o f the 1985 e dition o f the IOWA Bank D irectory at $13.00 per copy. Send me_________ copies o f the 1985 e dition o f the NEBRASKA Bank D irectory at $8.50 per copy. Our check is enclosed for $_____________ (add state tax: Iowa @ 4% Nebr. @ 31/2%) Company Name _________________________ ____________________ _ Officer Name_____ __________________________________________ _ P.O. Box or Street Address __ ____________________________________ City and State Orders shipped by return mail https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Z in Phone Area Code NORTHWESTERN BANKER 1535 Linden, Suite 201 Des Moines, Iowa 50309 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Minnesota News M A RSH ALL: Marlin F. Winkelman has been elected president and CEO o f First Am erican Bank & Trust. He plans to assume the position in Sep tember, and will succeed Les Grosz, who has announced plans to retire. Mr. Grosz has served as president and CEO since 1978, and will con tinue to serve as chairman until yearend. He has had a 45-year career in banking. Mr. Winkelman is cur rently senior vice president and a director o f First Am erican National Bank in Crookston, and previously served for 13 years at W estern Bank in Sioux Falls before joining the Crookston bank in 1982. M IN N EAPOLIS: D.H. (Pete) A n keny, Jr. has been elected c h a i r m a n and chief executive director o f First Bank System. He is currently presi dent and chief operating officer. He will succeed George H. Dixon on November 1 when Mr. D ixon retires. Dennis E. Evans, currently a vice chairman, will succeed Mr. Ankeny as president and COO. Mr. Dixon will retire after 17 years with First Bank System but will remain a di FINANCIAL PLACEM ENTS a division of BANK NEWS Call Larry Vohs 816/421-7941 Job O penings SVP RETAIL BAN Kl N G-1o wa-$66K PRESIDENT/Sr. Loans-Colo-$50K #2 AG LOAN OFFICER-Nebr-$45K SVP TRUST OFFICER— Nebr-$45K PRESIDENT/CEO- Wyoming-$40K VP COM’l/RE/MARKTG-lowa-$40K BOND TRADER/INVEST»Nebr-$39K VP COMMERCIAL LOAN-lowa-$36K ACCT’G/CONSULTANT-Ne-la-$35K #2 AG LOAN OFFICER-S Dak-$34K VP COMMERCIAL LOAN-Colo-$33K AVP COMMERCIAL LNS-Colo-$31 K VP COMMERCIAL LOAN-Nebr-$26K “BANK EXPERIENCED CONSULTANTS” for your PROFESSIONAL ASSISTANCE Inquire in confidence for positions available in KANSAS-OKLAHOMA-MISSOURI IOWA-NEBRASKA-COLORADO NEW MEXICO If you are interested in a career move, mail your resume in strict confi dence to FINANCIAL PLACEMENTS, P.O. Box 13786, K.C., Mo. 64199, or call 816-421-7941. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis rector. Mr. Ankeny joined First Bank Minneapolis in 1967. Mr. Evans joined First Bank Minneapo lis in 1972 after 11 years in the in vestm ent business. M IN N EAPOLIS: The Minneapolis Chapter o f the Am erican Institute o f Banking will be conducting sev eral seminars in upcom ing weeks. A ll seminars will be held at the A IB Education Center in Minneapolis. The dates and seminars follow: Aug. 28—A IB Introduction to Data base Management Seminar Sept. 11—A IB Becom ing Aware/ Dealing with Computer Crime Seminar Sept. 12 & 19—A IB Interviewing M ethods and S trategies for Supervisors Seminar Sept. 18 & 19—A IB Lotus 1-2-3 Seminar Sept. 26—A IB Letters o f Credit Seminar South Dakota News SIO U X FALLS: Terry Rydell has been prom oted to vice president, senior lender for the northeast dis trict at Norwest Bank South Dako ta. He has been an assistant vice president, credit adm inistration since 1983. Wisconsin News BURLINGTON: Kenneth J. Jaeger has been prom oted to office presi dent o f the Burlington Marine Bank. He began his banking career with the Marine in 1967, starting in the consumer credit department at the then Marine National Exchange Bank in Milwaukee. He m oved to Burlington in M ay 1970 and has held various positions there, m ost recently as senior lender responsible for all the bank’s lending functions. D O D G E V IL LE : Fred N adzieja, vice president o f M&I Peoples Bank, Coloma, has been named president o f M&I Bank o f Dodgeville. He joined M&I Peoples Bank in 1978, and has served there as loan officer, vice president and secretary o f the board o f directors. Colorado News PUEBLO: Bob D. W ertz has been elected president and chief executive officer o f Colorado National Bank Pueblo. He joined the bank (former ly First National Bank o f Pueblo) in 1967. His m ost recent position was senior vice president with m ajor re sponsibilities in commercial loans and correspondent banking. Estate Appraisals Purchase of Collections Sale o f Rare Coins Reliable and respected service for over 20 years Used by bankers throughout the midwest Ben E . Marlenee Coins 913 Locust Des M oines, Iowa 50309 515-243-8064 Serving bankers quietly and efficiently. CAPITAL PERSONNEL SERVICE 714 First Interstate Bank Building Des Moines, Iowa 50309 515-283-2545 Come to the Investment Specialists committed to quality. W hen it comes to long-term or short-term investments, nothing outperforms the quality investment programs from United Missouri Bank. lb UNITED MISSOURI RANK Member FDIC o f K d llS a S C it y I U 10th and G rand • P.O. Box 226 Kansas City, M issouri 64141 (81 6)5 56-7 20 0 . 4 BANKING SPECIALISTS LENDING • TRUST • OPERATIONS Serving the Entire Upper Midwest Financial Careers Banking Specialists CEO for $60 million Independent mid-west bank. Excellent opportunity for person with good track record Salary open. Call n i. . . We laten! CEO for $20 million bank owned by multi-bank group. Re quires strong administrative and ag lending background . ............................................................................... Salary open Confidentiality Maintained • Employer Paid Fees For Prompt, Courteous, Professional Attention T o Y o u r S t a ffin g Needs, Call On Us. MORTGAGE BANKER for major multi-bank holding com pany. Must have knowledge of secondary market and com mercial mortgages............................................. Salary open. TRUST OFFICER with two or more years experience for $90 million bank in college community .. Salary to $32,000 Diane Evans 816/842-3860 R INVESTMENT OFFICER for major multi-bank holding com pany. Requires experience in bank of $200 million or more ........................................................................... Salary $50,000 e g e n c y RECRUITERS, INC. 1102 Grand Avenue, Kansas City, MO 64106 POSITION AVAILABLE STRONG AG LENDING officer with minimum 3-5 years ex perience for at least A.V.P. level; salary mid-$20s and up. Send resume with detailed loan experience, especially workouts. Contact file WDM. c/o Northwestern Banker. (PA) $40 million bank located in southern Wisconsin in county seat town of 3,500 people. Candidate must have prior bank management experience either as president or as senior officer of a similar size rural bank. This job requires strong leadership ability, salesmanship, as well as excellent len ding experience. Send resume to file WDN c/o Northwest ern Banker. (PA) MANAGER/OFFICER— Immediate position available for individual to manage our Detached Facility. Qualified applicants must have 3-5 years banking experience; col lege degree preferred. Excellent written and oral skills are necessary as well as previous supervisory experience. Marquette Bank Columbia Heights, (515) 574-9400. (PA) Small Southeastern Iowa bank in county seat with Depos its for $20 million Is seeking someone for the position of PRESIDENT. This is a challenging opportunity for some one who can manage all departments in a bank of this size. Send resume to: N.L. Kotz, Consultant, Route #2 - Box 35, Mechanicsville, Iowa 52306. (PA) NUMBER TWO person for western Iowa bank. Requires ag lending background and all around banking experience .. ..................................................................... Salary to $40,000 BARBARA J. RITTA PAMELA J. SWENSON COMMERCIAL LENDER with five or more years experi ence for bank of $125 million located In a city over 35,000 . .............................................................................. Salary open. AG LENDER for $40 million ag bank in Iowa. Position leads to number two personin the bank .................... Salary open. BANKING OPPORTUNITIES SR LENDER—$40mm S. Wl bank. 20 yrs exp. re quired. Mid $30’s. Contact Pamela J. Swenson. R.E. LENDER—$60mm bank, Central MN. 3 yrs exp conv loans, plus secondary mrkt exp. To $30K. Contact Pamela J. Swenson. TRUST DEPT HEAD—healthy IA community and bank. Good oppty for Trust Ofcr with 3 yrs experi ence. $30-40K. Contact Barbara J. Rltta. VP—$15mm ag & commercial portfolio. Healthy IA bank near metro.$35K.Contact Barbara J. Rltta. For Professional Assistance Call NUMBER TWO person for bank in university town. Must have commercial lending and development experience . . . ..................................................................... Salary to $40,000. MANAGER for $20 million eastern Iowa bank. Requires some experience in commercial and real estate lending .. .............................................................................. Salary open. AG LENDERS forcommuntiybanks In a variety of loca tions Salaries range to $30,000. CEO for independent bank in north central Io w a ................ .............................................................................. Salary open. Where will you be in your present job in five, ten or fifteen years? In a rut? Maybe you should contact Malcolm Freeland or Cy Kirk at Freeland Financial Service, 1010 Equitable Bldg., Des Moines, Iowa 50309. Phone 515/282-6462. Employer pays fee. 1-800-225-2885 In Nebraska 402-397-2885 PROFESSIONAL RECRUITERS BOX 24227 • OMAHA, NEBRASKA 68124 POSITION WANTED FOR SALE December, 1984, University of Iowa Graduate with Bache lor of Business Administration degree in financing. Entry level position with sound banking institution as LOAN OFFICER/MANAGEMENT TRAINEE Academic emphasis on commercial banking and investing. Have business experi ence in customer relations, collections, credit policy for mation. Also have some computer experience. Good inter personal and analytic skills. Willing to relocate. Contact: (319) 682-7673 or (319) 242-0068 (PW) BANKERS AVAILABLE SR LOAN OFFICER • Solid ag lender with 8 + yrs In $20-40mm ag banks In almost every role. Operational know-how and very strong mgmt skills. Qualified achiever with a well defined career path. A goal setter! Started as a Jr Lender and has worked way up to the #2 position. Handles average portfolios of over $12mm. $45K. CONSUMER LENDER • Energetic, precise hard worker who has been in-charge of a sizable consumer portfolio as well as being responsible for cleaning up ag loans. Under stands workout, all phases of consumer lending, small comm'l lines, and people mgmt. $26K. CONTROLLER/CPA - Decision maker with Internal audit, operations and supervisory expertise of over 30 people. Analytical professional who has been in both holding co and indiv bank environments. Perfect for a holding co mgmt team that is looking for a leader. $37K. PARTIAL LIST OF AVAILABLE BANKERS FOR FURTHER INFORMATION FOR THESE AND OTHER CANDIDATES CONTACT: KURT ROSENCRANTS AT (515) 244-4414 i M I H ► H > ® ROBERT MflLF 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 ALL FEES COMPANY PAID TWO CHECKVEYER STORAGE UNITS, complete with trays, in excellent condition. Contact Jeff Raines, Clarke County State Bank, Osceola, Iowa. Phone 515/342-6581. (FS) FARM REAL ESTATE APPRAISAL SERVICES We offer farm appraisal services throughout Iowa. Our senior appraiser has 22 years’ experi ence. Our services include (1) Fully documented appraisals, (2) Estimates of value, (3) Periodic valuation updates, and (4) Special use valuations. We also offer a complete professional Farm Management service, Farm Owner and/or Opera tor Consultation and Farm Transfer services. Our name is new but our Division has been serv ing agriculture for over 40 years. Farm Management and Land Services Division First Interstate Bank of Des Moines, N.A. Sixth and Locust Des Moines, IA 50309 Telephone: (515) 245-7009 Iowa WATTS (800) 362-1615 ARE YOU THINKING ABOUT A CHANGE? Absolute Confidentiality Maintained Bankers Assisting Bankers in Their Career Path R.E.B. & ASSOCIATES, INC. Full Service Banking Consultants 13625 C Str. Omaha, Nebraska 68144 Phone: 402/333-8248 POSITIONS A V A IL A B L E COMM’L LOAN - S100MM suburban bank with aggressive new ownership. Prefer five to seven yrs. experience in sim ilar size bank. $40K COMM’L LOAN/BIZ DEV - $80MM suburban bank affiliated with major holding company. Emphasis on new business development but need solid credit background. $35K SENIOR LENDER - $150MM suburban bank with large comm'l and real estate portfolio. Second position in bank with opportunity to advance. $Open REAL ESTATE LOAN - junior position in large suburban bank. Will assume some duties in construction and comm’l real estate depts. plus handle residential loans. $23 K AGRI-LOAN - $25MM community bank with 50% of loans in agri-credits. Prefer background in cattle financing. $30K Additional positions available for experienced bankers. TOM H A G A N & ASSO CIATES 2024 Swift - Box 12346 North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry Since 1970” Vol. 14 No. 15 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, mail items to above address. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
@FedFRASER