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Committee Debates Closing Loophole, Geo. Expansion A t press time last week, the full House Banking Committee was con sidering vital banking legislation which would permit geographic ex pansion and close the nonbank bank loophole, which was voted out of the Financial Institutions Subcommit tee on June 5. The bill triggers full nationwide banking in five years for those states opting for regional banking and would implement a May 9, 1984, grandfather date, which would leave 109 nonbank banks intact. Subcommittee/Committee Chair man St Germain scheduled full com m ittee markup for June 12 to help assure his goal of having a bill on the House floor before the July 4 recess. Supreme Court Upholds Regional Banking Pacts Last week, the Supreme Court unanimously upheld the validity of the regional banking pacts that had been approved by state legislatures in several areas of the nation. Iowa News In ceremonies held last Wednes day, June 12, a representative of the Conference of State Bank Supervi sors presented Governor Terry Branstad and Superintendent of Banking Thomas H. Huston with a certificate recognizing Iowa as the second state bank regulatory agency in the nation to receive formal certi fication under the State Banking Department Accreditation Program of the CSBS. (Illinois was the first state and was recognized earlier this year). The Accreditation Program has two basic goals—to strengthen state banking department capabilities to assure the safety and soundness of banking within each respective state, and to achieve recognition in Congress, the federal agencies and within each state of the high level of capability within the state bank re gulatory system . According to CSBS officials, a number of states are in the initial self-evaluation phases while others are in various stages of the formal review process to receive this recognition. * * * In order to meet the needs of Iowa bankers to become better acquainted with available financial analysis software, the Iowa Bankers Assoc, is sponsoring five awareness semi nars throughout the state on June 24-28. The IBA has identified two useful software programs, FINPACK from the University of Minn, and ISU, and CFS from FBS Sys tems of Aledo, 111. Bankers may “test-drive” the system s at the sem inars. The session will run from 9:00 a.m. to 4:00 p.m. with lunch on your own at noon. CFS will present in the morning and FINPACK in the after noon. The seminars are free; register through Claudia Ross at the IBA of fice in Des Moines. Dates and sites are: June 24—Montgomery County Ex tension Office, Red Oak. June 25—Stubbs Ranch Kitchen, Spencer. June 26—Henry County Savings Bank, Mount Pleasant. June 27—Hawkeye Tech Main Cam pus, Room 114, Bremer Hall, Bldg. 3, Waterloo. June 28—Des Moines Area Exten sion Office, W est Des Moines. GLENWOOD: Jim Mangels has been named vice president of Mills County Bank, replacing W. Edward Thompson who was named presi dent. Mr. Mangels was previously employed by DeLay First National Bank & Trust in Norfolk, Neb. as loan officer. GRISWOLD: Ivan Husa has been promoted to executive vice presi dent of Griswold State Bank. He joined the bank in 1983 as vice presi dent and became a member of the board of directors in 1984. Previous to that time he was served with the Production Credit Association in agricultural lending. MELBOURNE: James C. Anderson has been appointed president of Mel bourne Savings Bank. He replaces John L. Calton, who has resigned to pursue other interests. SIOUX CITY: Roma A. Kroll has been promoted to vice president in the commercial lending department Call on the “Experienced Professionals” Ready to meet your correspondent needs. ^ First N ational Lin coln A FirsHer Bank Member. F.D.I.C. 13th & M Streets, Lincoln, Nebraska 68501 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis M A H Norwest Bank Des Moines, N.A. mmmmm NORMEST BANKS mmmmm mm'imm Call (515) 245-3131 or toll-free (800) 362-2514 Member FDIC FIN AN CIAL PLACEM ENTS a division of BANK NEWS Call Larry Vohs Teamwork: one of the reasons we’re first in Iowa. Larry Welch Nebraska News Despite efforts of the Nebraska Bankers Association to reach a fair compromise on the bank taxation issue, Governor Kerrey saw fit to veto the bank tax bill (LB 717). In vetoing the legislation, Gov ernor Kerrey cited as his reasons for rejecting the bank bill: questions about the bill’s constitutionality raised in an Attorney General’s opi nion on the proposal, and his under standing that LB 717 would not raise any new revenues for the state. ASK JOHN MANGOLD to make MNB work for you. Toll free 1- 800- 332-5991 Merchants A National Bank 151 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Job Openings Lowell Barkley at First National Bank. She has held a variety of positions at the bank since joining in 1974, m ost recently assistant vice president and man ager of the investm ent department. Member F.D.I.C. 816/421-7941 A BANKS OF IOWA’ BANK It was in the N BA ’s opinion that the bank tax legislation passed was fair to the state in terms of revenue raised, and was equitable within the industry. The plan called for an in come tax rate of 5% on net income, with a V2 % to 1% credit as a means of recognizing the value of banks as a market for tax-exempt govern ment securities. The NBA announced that they anticipate an interim study on the issue of taxation of financial institu tions in the months ahead and hope to work with the Revenue Commit tee on ways to improve the current, unbalanced approach under LB 619. Minnesota News Clinton D. Kurtz, president of Cit izens State Bank, Norwood, was elected president of the Minnesota Bankers Association at the annual convention held June 10-12 at the Amfac Hotel, Minneapolis. He suc ceeds Galen T. Pate, president of Signal H ills State Bank, W est St. Paul. Roy W. Terwilliger, president of Suburban National Bank, Eden Prairie, was advanced to first vice president, and James Jorstad, presi dent and CEO of Citizens State Bank of Hayfield, was elected sec ond vice president. Scott Jones, president of Goodhue County Na tional Bank, Red Wing, was re elected treasurer. Executive Vice President Truman Jeffers will con tinue in his post. LAKEFIELD: The FDIC has ap proved the transfer of insured depos its and fully secured or preferred deposits of the First Trust Bank of Lakefield to Fulda State Bank. The failed bank’s sole office has re opened as a branch of Fulda State. First Trust was closed on May 31, at which time its deposits amounted to $20.6 million in 3,700 deposit ac counts. Of this total, $197,000 in eleven accounts exceeded the federal insurance lim it of $100,000. Unin sured depositors and nondepositor Hiring the right person has a favora ble impact on your bank’s earnings. Hiring that person through Financial Placements is the first step. Our candidates are the best you’ll find, and as it has been for 18 years, our cost to you is generally 30% less than most of our competition. Give us the opportunity to show you what we can do. FIN AN CIAL P LA C EM EN T S, P.O. Box 13786, K.C., Mo. 64199 If you are interested in a career move, mail your resume in strict confi dence to FIN AN CIAL PLA C EM EN T S, P.O. Box 13786, K.C., Mo. 64199, or call 816-421-7941. creditors will share proportionately with the FDIC in the proceeds rea lized from the liquidation of the failed bank’s assets. Deposits up to the lim it of $100,000 will be immedi ately available to their owners. Checks drawn on the bank’s ac counts will continue to be honored. Illinois News The Illinois Senate has approved a bill that would permit regional in terstate banking on a reciprocal basis with Indiana, Iowa Kentucky, Michigan, Missouri and W isconsin. The bill was approved by a 33-21 vote after the Senate rejected moves to add a national trigger. The legis lation has the support of the Illinois Bankers Assn, but is opposed by the Illinois Coalition for Competitive Banking. The bill would also elimi nate the five regions within the state that have lim ited statewide bank holding companies. It now goes to the House of Representatives. Serving bankers quietly and efficiently. CAPITAL PERSONNEL SERVICE 714 U.C.B. Building, 515-283-2545 Des Moines, Iowa 50309 Supplement to Northwestern Banker Newsletter 6-17-85 Mr. Greene, a long time customer of the bank, w ants to increase his operating loan. We need to review the strength of his balance sheet, particu larly the land w hich is the major asset. W ith A N S W E R S I can have an updated appraisal in less than ten minutes and be ready to share facts with Mr. Greene at tomorrow's meeting. MAX BID PRICE WITH AND WITHOUT FINANCING M 1 1 A MAXIMUM BID PRICE PER ACRE W ithout Financing: W ith Financing: 1 *1364 *1247 1 MAXIMUM BID PRICE FOR TOTAL PARCEL N um ber of Acres: W ithout Financing: With F inancing: 80.00 * 109105 t 99744 f Æ Æ Mr. Shaw is interested in bidding on a parcel of farmland just dow n the road from his place at Tuesday's auction. He isn't sure about the maximum price to pay A N S W E R S allows me to quickly calculate a maximum bid price per acre as well as analyze how that price will change with various dow n payment amounts. A N S W E R S w as written by A gri Systems Develop ment, Inc. a M ichigan developer of high quality microcomputer software for the financial and agri business communities. The staff of A SD I is com prised of experienced bankers, nationally recog nized applied and theoretical economic research ers, programmers, and agribusiness managers. Glenn Burmeister Associates, Inc. is a Des Moines, IA based consulting and marketing company, which specializes in microcomputer technology for banks, CPAs, professional farm managers, and agri business firms. The principals of the firm are also active in seminars on the role of computers in agriculture, and the use of computers in m anage ment planning. - d ip here clip here TO LEARN M O R E A B O U T H O W A N S W E R S C A N HELP Y O U send this coupon to Glenn Burmeister Associates, Inc. 2024 N W 92nd Court, Suite 8 Des Moines, IA 50322 or call us at (515) 225-3007 Your Nam e Title Bank____ Address C ity _____ State__ Zip Telephone ( Brand of Computer Used □ I w ould like a personal, no obligation demonstration of A N SW ER S on my computer. Please call me to arrange a day and time. □ Please supply me with additional information on ANSW ERS. □ I w ould like to know more about the other products and services of A S D I and Glenn Burmeister Associates. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis "FARMLAND VALUES SHOULD NOT BE DETERMINED JUST BY COMPARISONS, AVERAGE ADJUSTMENTS, OR GUESS WORK!" ...especially n o w w hen banking officials are review ing a g loan portfolios closer than ever. W hen bank m anage ment needs to measure dow nside collateral risk exposure or establish a better balance betw een collateral values and outstanding debt, they should reach for... flnSUJERS The A N S W E R S "incom e a p p ro a ch " to farm land valuation provides a m ore reliable, consis tent and objective alternative to farm land a p praisal than relying m ainly u p on a com parable sales indicator. A N S W E R S uses the "e arn in g p o w e r" of the land as the basis for determ ining its present value. A N S W E R S also factors into the present value calculation the effect of differ ent financing arrangem ents. By usin g the sensi tivity analysis capability o f A N S W E R S , the bank can quickly isolate the effect various econom ic alternatives have on the value of the land. W h e n com bined w ith key m acro econom ic variables this "e a rn in gs p o w e r" approach pro duces a future value estim ation for farm land. Bankers, farmers, an d investors alike are co n cerned a b ou t the appreciation potential of the land. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A N S W E R S consists of eight farmland valuation models and a crop income estimation model. • Max. Bid Price With and W ithout Financing • Min. Sell Price With and W ithout Financing • Comparison of Min. Sell Price with Four Alternative Financing Arrangements • Future Value of Real Estate • Max. Bid Price With Two Sources of Financing • Decision Aids for Max. Bid Price Without Financing • Decision Aids for Max. Bid Price W ith Financing • Adjusting Land Prices to a Com m on Valuation Base • Crop Income Estimation M odel North Dakota News f William M. Sanger, president of First Bank of North Dakota, Wahpeton, was elected president of the North Dakota Bankers Association at the annual convention held June ^ 10-11 at the Holiday Inn of Bis marck. He succeeds Les Nesvig, president of The First State Bank of LaMoure. Harvey H. Huber, presi dent of Union State Bank of Hazen, ^ was advanced to president-elect, and John W. Pierson, president and CEO of Norwest Bank Minot, N.A., was elected vice president and trea surer. Harry J. Argue will continue % his position with the NDB A as exec utive director. For complete NDBA Convention coverage see the July N o r th w e st er n B a n k e r . ^ ^ # BOWMAN: James G. Jones has been appointed vice president and loan officer at the First National Bank of Bowman. He previously served as vice president of Montana Bank of Red Lodge, Mont. Come to the Investment Specialists committed to quality. Colorado News 3 Royce B. Clark, chairman and CEO of Intrawest Bank of Greeley, N.A., was advanced to the presiden cy of the Colorado Bankers Associa tion at the annual convention in Col orado Springs June 7. He succeeds Conrad Kern, senior vice president, Independent State Bank, Denver. Newly-elected vice president is A.J. Tony Anderson, president and CEO of The Kiowa State Bank, Kiowa. Don A. Childears continues as exec utive manager and secretary at CB A headquarters in Denver. The main order of business was the Project Consensus report on Bank Structure in Colorado. The committee report covered Products and Services desired by CBA mem bers—such as insurance and broker age; (Regional Banking purchases of failed Colorado banks only if no Colorado bank bids on the failed bank), and Reciprocal Regional Banking with seven contiguous states. The latter could be effective only if 4 of the 7 contiguous states also approved regional pacts; in ad dition, the majority of assets of the holding company or bank purchas ing a Colorado institution must be located in a single state contiguous to Colorado. Also, the Colorado bank or holding company being pur chased must be at least five years old or in existence as of January 1, 1985—no de novo entry. B A N K C O N S U L T IN G F O R L E N D IN G Loan risk-rating, bank risk-rating, work-out loan assistance, documentation audit, training. 8 yrs. exp. loan review/loan offlcer/bank counsel. Daniel W. Hansen 3827 Llndlavlsta, Das Moines, la. 50310 Phone: 515-278-9174 ------------------------------------------ - \ KREJCI & A SSO C IA T ES • • • • • • • W hen it comes to long-term or short-term investments, nothing outperforms the quality investment programs from United Missouri Bank. Available on an interim basis. More than 19 years experience. References available on request. kt UNITED MISSOURI BANK Member FDIC of KailSaS Cft>£ fl^L KREJCI AND A SSO C IA T E S Financial/Management Services 10th and Grand • P.O. Box 226 Kansas City, Missouri 64141 (816) 556-7200 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Collections/Loan Workouts Collateral Liquidations Loan Policy & Procedure Documentation/Compliance Bank Operations Pricing Bank Services Personnel Management 12605 Southdale Drive Omaha, Nebraska 68137 (402) 895-6027 V. J Estate Appraisals Purchase of Collections Sale of Rare Coins R eliable and respected service for over 20 years Used by bankers throughout the midwest Ben E . Marlenee Coins 913 Locust Des Moines, Iowa 50309 515-243-8064 AUCTION SALE OF SAFE DEPOSIT AND OTHER EQUIPMENT On June 2 0 ,198 5, at the hour of 10:00 A .M ., C.S.T. at the of fices of Continental Illinois National Bank and Trust Company of Chi cago located at 70 W. Elm, Chicago, Illinois (formerly known as the office of Safe Deposit Corporation of America ( "S a fe Deposit")) the Federal Deposit Insurance Corporation through Continental Il linois National Bank and Trust Company of Chicago as Adminis trator for the Federal Deposit Insurance Corporation ( "F D IC ") , will offer for sale, or cause to be sold, at public auction all of its right, title and interest In and to the following property: All tangible personal property of Safe Deposit located at 70 W. Elm including but not limited to 1 Diebold 7 " Guardian Vault Door 8 0 " x 4 0 " Model 15331; 1 Diebold 1-hour Data-Safe 7 3 " x 4 3 " Model 1092-A; safe deposit equipment including: 12 nests each holding 2 Diebold 3 0 " x 1 6 " lockers; 3 nests each holding 6 Die bold 1 0 " x 1 6 " boxes; 7 nests each holding 3 Diebold 1 5 " x 1 0 " boxes; 32 nests each holding 3 Diebold 5 " x 1 0 " boxes and 3 Die bold 1 0 " x 1 0 " boxes; 3 nests each holding 9 Diebold 5 " x 1 0 " boxes; 2 nests each holding 112 Mosler 3 " x 5 " boxes, 16 Mosler 3 " x 1 0 " boxes and 4 Mosler 6 " x 1 0 " boxes; 2 nests each hold ing 96 Mosler 3 " x 5 ” boxes; 3 nests each holding 72 Mosler 3 ' ’ x 5 " boxes; 1 nest holding 100 Mosler 3 " x 5 " boxes and 10 Mosler 5 " x 5 ” boxes; 3 nests each holding 84 Mosler 3 " x 5 " boxes, 12 Mosler 3 " x 1 0 " boxes, and 3 Mosler 6 " x 1 0 " boxes; 1 nest holding 100 Mosler 3 " x 5 " boxes, 20 Mosler 3 " x 1 0 " boxes, 2 Mosler 1 2 " x 1 0 " boxes, 10 Mosler 5 ” x 5 " boxes and 6 Mosler 6 " x 10” boxes; and 1 twelve cu. ft. Kenmore Refrigerator/Freezer and various items of office furniture. A complete description of the property to be sold is available on request. The property is also available for Inspection by appoint ment during reasonable business hours. The property is being sold to satisfy to the extent possible, the Indebtedness of Safe Deposit due and owing to the FDIC in the un paid amount of $904,471.51 as of May 2 3 ,1 9 8 5 plus accruing in terest. The property will be offered for sale in lots and In bulk. The successful bidder will be required to deposit 2 5 % of the purchase price on the day of the auction and to pay the balance of the pur chase price within 2 business days thereafter. All payments shall be made in cash or cashier's or certified check payable to the order of Continental Illinois National Bank and Trust Company of Chicago as Administrator for FDIC. In the event the successful bidder shall fail to complete the payment of the balance of the purchase price, the FDIC may retain the entire deposit as liquidated damages, whereupon the FDIC may proceed to sell the property at a recon vened sale. The FDIC may bid in up to the amount of the aforesaid indebtedness owing to it, and shall not be required to make a cash bid except to the extent that its bid exceeds such amount. The FDIC may adjourn the sale hereby advertised, or cause the sale to be adjourned from time to time, without written notice or further publication, by announcement at the time and place of such sale, or any adjournments, and such sale may be resumed without further notice or publication at the time and place to which the sale may have been adjourned. The FDIC shall not be obligated to make any sale or to accept any bids pursuant to this notice and reserves the right to approve or re ject any bid or bids at the sale or any adjournment thereof. THE PROPERTY W ILL BE SOLD A S IS, WHERE IS, WITH NO REPRESEN TATIO N S OR W A RR A N TIE S W H ATSOEVER, EX P RESSED OR IMPLIED. IN PARTICULAR, THE FDIC M A K ES AND W ILL M AKE NO REPRESENTATIONS OR W ARRANTIES REGARD ING TITLE, MERCHANTABILITY, FITN E SS FOR AN Y PARTICULAR PURPOSE, OR THE C O M PLETEN ESS OR ACCURACY OF ANY WRITTEN DESCRIPTION OF THE PROPERTY. For further information, please contact Craig Grube, FDIC-Asset Administration, Continental Illinois National Bank and Trust Com pany of Chicago, 231 South LaSalle Street, 6th Floor, Chicago, Illi nois 60697, telephone (312) 828-2015. 4 Buy Direct From Factory — and Save! C A L E N D A R S (1986) A D V E R T ISIN G S P E C IA L T IE S (Serving The Banking Industry Since 1947) Send Sample - Indicate Quantity - We will quote — You Be The Judge — Standard Advertiaing Service, Inc. Box 432 • Council Bluffs, Iowa 51501 POSITION AVAILABLE A G LO AN O F F IC E R for $70 million eastern Iowa bank. In dividual must have minimum of five years ag lending ex perience and be self-motivated. Excellent opportunity, good benefits. Send resume, references and salary re quirements to file WDI, c/o Northwestern Banker. (PA) IN V E ST M E N T O F F IC E R for small regional mldwestern bank. Needs 10 years’ experience. Investment portfolio $250 million. Must have excellent credentials. Salary com mensurate with experience. Contact file WCV, c/o North western Banker. (PA) A G R A -F IN A N C IA L C O N S U L T A N T S INC. Mr. Banker, do the rigors of trying to solve your Ag problems have you mentally and physically ex hausted? Have you considered using outside help in formulating strategic b usiness plans for your problem and border line lo ans? M any times .an outside unbiased overview can lead to fresh new ideas and Insights for a beleaguered situation and possibly save you thousands in losses, not to mention the resulting peace of mind. A.F.C.I. does not promise miracles, just a unique perspective to a ssist you in solving problems, from smaller day to day situations to sophisticated Real Estate and related transactions. A.F.C.I. has built a network of experience and expertise that you can draw on to a ssist you in making the many decisions that will determine your future direction. Don’t delay, get help and peace of mind. Call A G R A -F IN A N C IA L C O N S U L T A N T S Wichita Ks. 316-266-8443 Kaam ay Ns. 308-237-9677. Central Iowa metropolitan bank haa Immediate opening for experienced C O M M E R C IA L LO A N O FFIC ER . Applicant must have a minimum of three years commercial loan ex perience. Salary based upon experience. Send reply to file WDJ, c/o Northwestern Banker. (PA) FOR SALE 15 G F B FIL E C A B IN E T S, legal size, 4-drawer lockable, like new. $175.00 each. National Bank of Waterloo. 319 291-5429. (FS) B A N K E R S AVA ILA BLE CEO/PRESIDENT • Dynamic, proven leader who has a strong ag bkgd. Can turn workout situations Into profit able solid banks. Degreed indiv with 7 yrs in the #1 spot of a$50mm + Institution. S58K + . EXECUTIVE VP • Solid lender with 8 + yrs banking In $2040mm banks concentrating in ag. Troubleshooting, workout, cash flow and fln’l report analysis exp. Good op erations bkgd. Has definite presldental potential. $45K. C O M M ’L LOAN OFFICER/MBA - Business developer with the marketing skills It takes to secure good urban clients. 1 0+ yrs within a pure comm’l lending environment have given depth and Insight. $50K. AG LEN DER • C F ’s, farm calls, asset analysis and ag bkgd all add up to a very strong 3 year ag lending professional. Ag degree with exposure to all areas of banking within a rural environment. $20K. TRUST O FFIC ER • New business development person with metro area trust dept exp seeks new challenges and re sponsibilities. Extensive understanding of trust marketing and product development. $30K. PARTIAL LIST O F A VA ILA BLE B A N K E R S FOR FURTHER INFORMATION FOR T H ESE A N D OTHER CANDIDATES RESPO N D IN C O N FID EN C E TO: M. KURT R O SEN C R A N T S AT (515) 244-4414 ROBEflTMfBUF 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 A L L F E E S C O M P A N Y PAID C O M M E R C IA L L E N D E R with five or more years experi ence and college degree for $125 million midwest bank. Excellent fu ture...................................... Salary open C O M M E R C IA L L E N D E R with three years experience and college degree for $50 million midwest b a n k ................. .........................................................Salary $30,000 C O M M E R C IA L L E N D E R with five or more years experi ence and college degree for bank In university community .........................................................Salary $40,000 AG L E N D E R with college degree and limited P C A or bank experience for Northern Iowa bank ...... Salary to $25,000 AG L E N D E R for $23 million bank in northern Iowa ......... ....................................................Salary to $35,000 C O M M E R C IA L L E N D E R with three to five years experi ence in both commercial and mortgage le n d in g ............ ........................ Salary $32,000 Write or call Malcolm Freeland or Cy Kirk in care of Freeland Financial Service, Inc., 1010 Equitable Bldg., Des Moines, Iowa 50309. Phone 515/282-8462. Employer pays fee. A G LO A N O F F IC E R Om aha National Bank in Garden City, Kansas, seeks an agribusiness expert to develop new busi ness, maintain bank portfolio and service custo mers. Qualified candidates should have 3-5 years experience in all phases of lending and bank oper ations, with an em phasis in livestock and crop production. A degree in finance or related area, the ability to communicate effectively and strong marketing skills are required. If qualified, submit resume and salary history to: $30 million bank in Northwest Iowa needs LO AN O F F IC E R with 3-4 years experience plus college degree. Send resume In confidence to Personnel Department, P.O. Box 147, Sioux City, IA 51102. Equal Opportunity Employer.(PA) Central Nebraska trust company with $46,000,000.00 as sets is seeking a T R U ST O FFIC ER . Trust experience and/or accounting background helpful. Salary com m ensu rate with experience. Send resume to file W DK, c/o North western Banker, 1535 Linden Street, Des Moines, Iowa 50309. (PA) N U M B E R TW O person for $40 million bank In W isconsin resort area. Requires commercial lending e x p e rie n ce ___ ....................................................Salary to $40,000 AG L E N D E R with five or more years proven ability for northern Iowa bank ............................. Salary $32,000 Looking for #2 P E R S O N for $25 million bank in rural W est ern Iowa community. Excellent opportunity for experi enced lender with ag background and administrative capa bility. College degree plus minimum five years lending ex perience. Salary commensurate with experience, plus ex cellent benefits. Reply In confidence to Personnel Depart ment, P.O. Box 147, Sioux City, IA 51102. Equal Opportuni ty Employer. (PA) JU N IO R C O M M E R C IA L LO A N O F F IC E R - 2 - 3 years experience. Assistant in branch office. $120 million Central Iowa bank. Send resume to Bill Hurd, Union Story Trust & Savings Bank, 405 Main, Ames, IA 50010. Phone 515/232-8200. (PA) Financial Careers C E O for $60 million independent mid-west bank. Immedi ate opening ...........................................Salary open. B R A S S B A N K E R ’S D E S K L A M P with green g la ss shade. Call 515/473-2634. A sk for Sam. (WTB) P O S IT IO N S A V A IL A B L E M O R T G A G E LO AN • 3 positions. No degree - 3-5 yrs. experience. Southern Dakotas $25-30K. O P E R A T IO N S • V.P. - Degreed. Need 5 or more of operations plus som e lending experience. To $35K. C O M M E R C IA L L E N D E R • 3-5 years - central Iowa To $40K. AG L E N D E R S • Nebraska & Iowa 2-5 years experi ence. $22 to $30K. Richard L. Beam, C P C G U M B E R T EX EC U T IVE EX C H A N G E, INC. 11246 Davenport Street Omaha, N E 68154 Phone: 402/330-3260 Member National Personnel Associates We're Nationwide FOR SALE OR LEASE Do you want to test a site? Have a temporary facility while you build? Contact Drommer Leasing, 401 Queens Court, Sioux Ci ty, IA 51104. Phone 712/239-2315. (FL) FOR SA LE Om aha National Bank Is offering for sale for cash, pursuant to written bids, 98.43% of the out standing common stock of City Bank & Trust Co., Lincoln, Nebraska, and 98.76% of the outstanding common stock of Havelock Bank, Lincoln, Neb raska. B ids must be received by Om aha National Bank by August 14,1985. The bids will be opened and a public auction conducted to complete the sale of the shares of each of the banks In the sec ond floor conference room at Omaha National Bank, Farnam at Seventeenth, Omaha, Nebraska, on Thursday, August 15,1985 at 10:00 a.m. For further Information, write or call Gary Parker, Omaha National Bank, Farnam at Seven teenth, Omaha, N E 68102, (402) 348-6260. O M A H A N A T IO N A L B A N K 17TH & F A R N A M STS., O M A H A , N E 68102 BANKING OPPORTUNITIES A G L E N D E R — openings in IA & NE. 1-5 yrs bank, PCA, Fm H A ag lending experience. Farm bckgrd, degree, and people skills are added pluses. $18-32K. Contact Barbara J . Ritta. S E N IO R LO A N O F F IC E R - w lll be #2 in $120mm Montana bank. 5 years minimum experience in all types lending. Degree required. Salary to $60K. Contact Pamela J. Swenson. P R E S ID E N T — $35mm Minnesota bank. 5 years exp all types lending and especially ag. Mgm t exp and degree required. Good opportunity for a Sr. Lender to move up. Salary to $39K. Contact Pamela J. Swenson. TR U ST O P E N IN G S — in $200mm A rkan sas bank. Employee benefits specialist with 2 years exp. and Trust Operations Officer with mgmt exp. $22-35K. Contact Pamela J. Swenson. P R O F E S S IO N A L R EC R U IT ER S, INC. P.O. Box 24227 Omaha, N E 68124 Phona: 402/397-2885 BANK POSITIONS R EA L E S T A T E LO AN - large suburban bank. A V P to handle construction, commercial and som e single family residen tial loans. $25K C O M M L LO AN • $50MM suburban bank. Som e R.E. experi ence helpful. Requires 2-3 yrs. bank lending. $26K EVP - manage all lending activities fo r$125M M suburban bank. Opportunity to assum e #1 position. $55K AG RI-LO AN •$30MM community bank. Handle all Ag cred its and som e commercial accounts. $30K S E C O N D O F F IC E R - small suburban bank desires com mercial lender to supervise junior officers. $35K Additional opportunities available. All inquiries confidential. TOM HAGAN & ASSOCIATES 2024 Swift - Box 12346 North K a n sa s City, M O 64116 816/474-6874 “Serving the Banking Industry Since 1970” Vol. 14 No. 9 Northwestern Banker Newsletter (U SP S 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 c la ss 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