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Des Moines, Iowa Seidman Refutes Misinformation • on Strength of FDIC Fund OTING that some commenta N tors are making inaccurate com parisons between the Federal Deposit Insurance Cor poration and the Federal Savings and Loan In surance Corporation, FDIC Chairman Wil liam Seidm an L.W. SEIDMAN r e s p o n d e d on u!une 8 to a recent article that ques tioned the FDIC’s viability. In remarks to the Citicorp Con sumer Banking Group in Washing ton, D.C., Chairman Seidman said an article by the Director of Re search of the U.S. League of Savings Institutions “is way off base" in analyzing the costs of handling banking problems in Texas and the strength of the FDIC fund. Chairman Seidman noted that the FDIC received a clean GAO audit for 1987, which concluded the fund had a net worth of $18.3 billion, a modest increase of roughly $50 mil lion over the previous year. “As I have noted earlier, based on current estimates of loss in 1988, we may ex perience a modest loss in the fund in 1988,” said Mr. Seidman. “The League article, on the other hand, states that the FDIC will lose $7.4 billion to $14.8 billion on First Republic, MCorp, First City, Texas American Bancshares, National Bancshares Corp. and BancTexas. That loss estimate was reached by applying inaccurate cost per centages to wrong asset totals. This is an exercise in playing with the num bers th a t is affirm atively misleading. “This analysis ignores several im portant points. First of all, First Ci ty and BancTexas were dealt with last year, and the cost already has been charged against income in 1987. And we still made money that year. “As for the FDIC’s cost, First Ci ty and BancTexas cost the FDIC fund less than half the League’s estimate.” Chairman Seidman went on to note that there are signs of modest improvement in the banking in dustry in the southwest, and that the FDIC’s problem bank list has dropped below 1,500 for the first time since January 1987. He said it is likely that the worst banking pro blems in the southwest will be behind us after 1988. Mr. Seidman noted that banks in Texas earned .53 percent on assets June 20,1988 in 1987, before loan loss provisions and taxes. That means, he noted, that in the aggregate they earned enough to cover interest expenses and operating costs, which gives them the ability to last until the real estate market improves. By com parison, he pointed out, thrifts in Texas lost 3.1 percent on operations. In addition, Mr. Seidman said even the unprofitable Texas banks earned enough to cover their operating ex penses. Concluded Mr. Seidman: “The bottom line is that contrary to inac curate estimates, the FDIC has the resources necessary to handle all the problems it presently can fore see.” □ Farm Credit Services Offer Investment Certificates Production Credit Associations are now soliciting PCA and Federal Land Bank Association members to in v est in “ Ag-Invest Certifi cates.” The certificates are des cribed in promotional literature as “investments similar to purchasing bonds or certificates of deposit.” The literature states that these certificates are Farm Credit Invest ment Bonds authorized by provi sions of the Farm Credit Act of 1971, which permits the System to accept member investment through a member investment bond pro gram. A g - I n v e s t C e r t i f i c a t e s are available in four maturities: 30, 60, Now th e largest regional processor in th e M idw est show s you exactly w h at w e provide. If you’re not getting this, you’re not getting what you deserve. (5 Full on-line capabilities for all applications with CIF, G/L and platform automation interface. & Guaranteed same day disaster recovery service for your protection, compliance, and peace of mind. H Cost effective pricing to meet your needs. SÌ Free initial and on-going training on all applications, (to name just a few). https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - /T H E I BÈLS ¡BA N K IN G ¡ S YY SSTTE M For more information on how we can help you succeed in meeting your goals, eliminating the concerns inherent in data processing and all at a very cost effective price contact: 4333 Edgewood Rd. N.E. PO. BOX 1847 Cedar Rapids, towa 52406 Dick Ormond Sr. Vice President, Customer Group 1-800-332-5242 (In Iowa) 1-800-421-0059 (Out of Iowa) 319/395-6600 A Banks of lowa subsidiary HkH holding company, FIRN-CO., Inc. The North Platte bank will continue to operate as an independent bank with no changes in staff expected. Norwest Bank Des Moines, N.A. mmmmm mmmmm mm^mm Call (515) 245-3131 or toll-free (800) 362-2514 NORWEST BANKS Member FDIC Illinois News Te a m w o rk : one of the reasons we’re first in iowa. John Cretzmeyer Jay Nichols 90 and 180 days. Minimum invest ment for the 30, 60 and 90 day cer tificates is $10,000, while a $5,000 minimum is required for the 180-day term. Interest rates Eire determined weekly; recent advertised rates were in the 5.44 to 6.25 percent range. The Nebraska Bankers Associa tion is looking further into the legitimacy of the certificate offering, and would appreciate any informa tion bankers have about the cer tificates. Iowa News The Iowa Bankers Association, in cooperation with Collin W. Fritz & Associates, Ltd., will present a Qualified Plan Seminar at three loca tions in late June. The seminar is I Jerry Trudo MNB Correspondent Banker Together We Can Accomplish Great Things Call 319-368-4306 or toll free 1-800-332-5991 designed for anyone who works, or is considering working, with qualified plans or Keoghs. Schedule is: registration—8:30 a.m., seminar opens—9:00, lunch—12:00-1:00, ad journm ent—4:30. Fee for IBA members is $115 for the first at tendee and $100 for each additional. Subscribers are $140 for first and $125 for each additional. Non members pay $165 for first and $150 for each additional. Fee covers lunch and a reference manual. Dates and locations Eire: 28th—Holiday Inn, Iowa City; 29th—Hotel Savery, Des Moines; 30th—Buena Vista College, Storm Lake. Contact the IBA to register. WHITING: The FDIC has ap proved the assumption of the depo sits and fully secured liabilities of Community State Bank, Whiting, by Sloan State Bank, Sloan. The Whiting bank was closed on June 2 and reopened June 3 as a branch of Sloan State Bank. The failed bank had assets of about $5.8 million. Sloan State Bank will assume about $5.3 million and will purchase ap proximately $4.9 million of the failed bank’s assets at a discount of $480,000. Nebraska News OMAHA: First National of Nebras ka, parent corporation of First Na tional Bank of Omaha, announced recently that it has signed an agree ment to purchase First National Bank of North Platte, and its CHICAGO: June D. Schmidt has been named vice president and man ager of personal financial services at Michigan Avenue NationEd Bank. She previously served as private g banking officer and assistant man ager at Continental Illinois National Bank and Trust Company of Chicago. Before that she was a personal banking officer for American Na- 0 tional Bank. CHICAGO: Robert L. Haire has been named vice president and pro duction manager of First Colonisd ^ Mortgage Corproation. He previous- 9 ly served as vice president of retail operations and of centralized pro cessing at First Western Mortgage Corporation of Illinois in Palatine. ^ CHICAGO: David S. Grzenia has been named vice president and manager of commercial real estate at Colonial Bank. He previously served as a vice president of North- # brook Trust and Savings. In addi tion, he silso has served as vice p re sij^ ^ dent of Lake View Bank and th e ^ ^ Bank of Ravenswood. MORTON GROVE: Affiliated Banc * Group, Inc. has named five senior vice presidents. John T. Cannis has joined the bank from Manufacturers National Bank of Detroit, where he ^ was senior vice president in charge of administration of the U.S. bank ing department. Mitchell Feiger was promoted from his previous position as vice president of finance. John J. £ Frale, Jr. will retain his title as ex ecutive vice president of Affiliated Bank/Franklin Park. David L. Keller will retain his titles as ex ecutive vice president and secre- % tary/director of A f f i l i a t e d Bank/North Shore National. Paul W. Velten previously served as vice I t's easier to talk Iowa banking w ith people w ho live it — people like Donald H. Jordahl and the cor respondent staff at Bankers Trust. Call 1-800-362-1688 or 515/245-2424. Strength Eastern |owa Merchants National Bank m https://fraser.stlouisfed.org Cedar Rapids. Iowa 52401 Member F 0 I C Federal Reserve Bank of St. Louis A BANKS OF IOWA BANK Donald H. Jordahl Des Moines, IA M em ber FDIC Vice P resid e n t INVESTMENT SHORTCUTS CAN LEAD YOUR BANK TO A DEAD END Over the years, United Missouri Bank has seen a lot of banks come and go. Many of the failures and close calls have been in the Midwest, with some banks turning to unproven, high yielding investments to boost earnings quickly. It’s a tempting shortcut that hasn’t worked out. Because the market has moved in unexpected fashion, many of these volatile or unproven investments have brought disastrous results to the banks that reached for the extra margin. Since 1928, United Missouri Bank has researched, analyzed and offered only top qual ity securities and investment strategies. We’ve helped financial institutions build profitable investment portfolios. C ontact our Investment Banking Division at 556-7200. We’ll help you move in the right direction. Investm ent Banking Division UNITED MISSOURI BANK Member FD1C 0 f ^ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis G4RERS, IN BANKING PERSONNEL SPECIALISTS BANKERS AVAILABLE JT-1 SR. LOAN OFFICER Five years banking experience. Likes challenge of problem banks. Proficient on PC com puters. Developed spread sheets and graphs to track customer’s financial progress. Was responsible for 78MM loan portfolio. Cut classified loans in half and still maintained total loan volume. Reference stated, “ability to get along with customers and fits in with rural area. Good communication skills." Exposed to FmHA and SBA loans. Ag Bus. Degree from ISU. $35,000. Call 712-7793567. JT-2 SPECIAL CREDIT LOAN OFFICER Over six years FCS experience with on-going long and short term credit. Experience includes one-and one-half years servicing adverse and classified loans. Former supervisor says, “Organized and level headed with good knowledge of production agriculture.” Ag Business degree from U of Wl. $22,000-$28,000. Call 712-779-3567. JT-5 AG LOAN OFFICER Five years experience as VP, Sr. Ag Loan Officer. In charge of the Ag Advisory Committee and ag lending. Very experienced with cash flow analysis and documentation. Former CEO says, “Excellent PR and loan development person. Good judge of credit.” BS. $32,000. Call 712-779-3567. JT-6 CREDIT MGR./AG LENDING Offers over 11/2 years ex perience in field. Responsible for documenting, giving technical analysis, and completely restoring all loan portfolios to full compliance. Worked with commercial, real estate, installment, and ag loans. Reference says, “Very thorough and accurate in work. No problems at all, just ran out of work.” BS in Ag Economics. $23,000. Call 712-779-3567. JT-3 INSURANCE SALES Registered Insurance' Agent seeking position in bank agency. Excellent sales record. Licensed in all areas plus Securities and Investments. Reference says, “Wish I had him back...BLUE CHIP PER SON!” Base plus commissions. Call 712-779-3567. JT-7 FARM MANAGER Six years professional farm man agement experience in a large bank in a rural city. Cur rently manages 40 farms, approximately 10,000 acres. Responsible for the development and implementation of computer programs for the department. Very active in community organizations. BS in Ag Business. $25,000* $30,000. Call 712-779-3567. JT-4 SENIOR MANAGEMENT Well-rounded background with over ten years in lending and management. Most recently a Sr. VP for FCS. Responsible for management and supervision of division consisting of $200MM accrual and non-accrual loan volume in one year. Supervised staff of 30. Former CEO says, “Highly motivated, results oriented manager who has high work capacity.” BS de gree. $45,000. Call 712-779-3567. JT-8 VICE PRESIDENT This sharp gentleman offers over five years experience in a 17MM bank. Started out in operations and after one year was promoted to VP. Works in all phases of lending and also services small insurance agency. Current loan portfolio in excellent condition. Pre fers Eastern Iowa location. BS in Business Administration. $31,000 plus. Call 712-779-3567. We serve as the source to locate candidates who meet your qualifications and are interested in your bank community and salary range. We are available to assist but allow and encourage your direct contact with our candidates. You make the choice and decision without pressure. , , , , G ARY MAAS 712/779-3567 Hwy. 92 W ., Box 140 Massena, IA 50853 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Our fee is paid by the employer and is based on a percentage of the first year’s compensation. All placements are guaranteed. A complete explanation of our services, fees, and guarantees will be sent at your request. TA M M Y JENSEN 712/779-2051 Hwy. 148 & 92 W est Massena, IA 50853 JT-9 CEO/PRESIDENT Started out as assistant cashier for small bank and now offers 12 years experience as CEO. Presently in charge of running a 42MM bank. The bank has^row n from 26MM to 41 MM over the past six years. Candidate is seeking a position in a larger community that can utilize his abilities. $45,000 plus. Call 712-7793567. JT-10 CREDIT MGR./AG LOAN OFFICER Former supervisor says, “I give him my unqualified recommendation and endorsement. If a bank is looking for a progressive ag lender who makes solid loans, develops new business, portrays an excellent image, and will make them money, he’s their man! Good technician with top analytical skills.” Has six years experience preparing cash flows, real es tate appraisals, credit analysis, work outs and special case problems. Will complete MBA this summer. Open on location. $25,000-$30,000. Call 712-779-3567. JT-11 VICE PRESIDENT Sharp individual’s lending experi ence has been obtained over the past ten years with banks and with the FDIC. In present position as EVP has total responsibility for an 8MM bank. In less than one year has ROA of over 1.5%. Reference reports, “has a good handle on credit. Above average analytical abilities. Very personable. Has good communication and gets along well with everyone. $28,000-$35,000. Call 712-779-3567. JT-12 CFO/CONTROLLER “Uniquely qualified to be right hand man to. person or group of investors who own a number of banks. Previously worked for owner of 20 banks. Qualified to be controller/manager of 100MM200MM bank,” says associate. After advising and coun selling financial institutions in areas of mgmt., asset qual ity, investment strategies & operations, this Individual de sires to return to mainstream of business. CPA. $40,000 plus. Call 712-779-3567. JT-13 OPERATIONS In past eight years worked as controller/cashier and is currently responsible for implementing policies and procedures to promote internal controls, fi nancial analysis, budgeting and planning. Five years ex perience in overall management and administration of operations and accounting. Reference says, “Self starter 712/779-3567 Hwy. 92 W., Box 140, Massena, Iowa 50853 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis willing to assume and accept responsibility. Has utmost of integrity. Very industrious. Excellent operations back ground.” BA in Accounting. Midwest locations. $35,000. Call 712-779-3567. JT-14 COMMERCIAL LOAN OFFICER Fourteen years ex perience as VP in charge of Commercial Loan Depart ment. Recent projects have included developing a leas ing program from 1 to over 1.2 million in a year, developing new worksheets, preparing and coordinating loan data for examiners and auditors, etc. Also assisted several branch managers with loan problems. BS in Ag Economics from Purdue. $40,000-$45,000. Call 712-7793567. JT-15 LOAN OFFICER/INSURANCE One year with 10MM bank working as loan officer and insurance manager. Responsible for 3.8MM in loans along with managing insurance. Eleven years in real estate and insurance sales. Reference says, “ Involved in insurance, real estate and lending. Does well in all areas. Knows ag and knows lending. Communicates well with customers.” AA degree in Ag Business plus SD Real Estate and Insurance Licenses. $25,000. Call 712-779-3567. JT-16 LOAN OFFICER Aggressive individual offers 11/2 years experience in FCS in both real estate and operating loans. Licensed to sell Crop Hail Insurance. Possesses skills in analyzing financial data, conducting appraisals, and in communicating with both management and clients. BS degree from SDU. Open on location. $22,000. Call 712-779-3567. JT-17 SENIOR V.P. Fifteen years banking career in 2560MM banks. Exposure to all areas of lending, operations, investments and call reports. Current responsibilities in clude overseeing 15MM loan portfolio and overall bank operations for 55MM bank. Familiar with computer con versions and in-house systems. According to references, “Excellent documentation and analytical skills with very good accounting background. Adaptable, self discip lined and organized individual who will do a fine job for someone. Good managerial capabilities.” Economics degree. Attended Graduate School of Banking and Ag Credit School. $40,000-$45,000. Call 712-779-3567. agri careers , inc. Hwy. 63 S., Box 307, New Hampton, Iowa 50659 OVER 60% 9 OFALL BANKS IN OUR MARKETAREA ARE NO W INSURED BY THE KANSAS BANKERS SURETY COM PANY That’s R ig h t. . . In th e nine states w e serve w e h ave solved th e b o n d in g needs for 6 of every 10 banks. That's over 1 6 .4 % of all banks in the United States • THE REASONS. . . # SUPERIOR SERVICE MOST COMPETITIVE PREMIUMS REALISTIC UNDERWRITING PROMPT CLAIMS SERVICE IF YOU’RE NOT GETTING THE SAME FROM YOUR BONDING COM PANY... GIVE US A CALL - YOU’LL BE GLAD YOU DID. THE KANSAS BANKERS SURETY COMPANY DONALD M. TOWLE President DAVID E. ABENDROTH Senior Vice President 611 Kansas Avenue P.O. Box 1654 Topeka, Kansas 66601 Phone 1 -9 1 3 -2 3 4 -2 6 3 1 FINANCIAL INSTITUTION BONDS, SAFE DEPOSITORY LIABILITY, CHECKS KITING FRAUD INDEMNIFICATION, DIRECTORS AND OFFICERS LEGAL DEFENSE AND LIMITED INDEMNITY POLICIES https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis OVER 60% OFALL BANKS IN OUR MARKETAREA ARE NO W INSURED BY THE KANSAS BANKERS SURETY COMPANY t That’s R ig h t. . . In th e nine states w e serve w e h ave solved th e bon din g needs for 6 of every 10 banks. # That's over 1 6 .4 % of all banks in the United States THE REASONS. . . SUPERIOR SERVICE MOST COMPETITIVE PREMIUMS REALISTIC UNDERWRITING PROMPT CLAIMS SERVICE • # IF YOU’RE NOT GETTING THE SAME FROM YOUR BONDING COM PANY... GIVE US A CALL - YOU’LL BE GLAD YOU DID. THE KANSAS BANKERS SURETY COMPANY DAVID E. ABENDROTH Senior Vice President DONALD M. TOWLE President 611 Kansas Avenue P.O. Box 1654 Topeka, Kansas 66601 Phone 1 -9 1 3 -2 3 4 -2 6 3 1 FINANCIAL INSTITUTION BONDS, SAFE DEPOSITORY LIABILITY, CHECKS KITING FRAUD INDEMNIFICATION, DIRECTORS AND OFFICERS LEGAL DEFENSE AND LIMITED INDEMNITY POLICIES https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis FirsTier. Correspondent Services 3 More of what it takes to serve you well. F irs T ie r B an ks Lincoln • Omaha FirsTier Bank, N.A., Lincoln and FirsTier Bank, N.A., Omaha, Members FDIC president in charge of loan review for Affiliated Banc Group. South Dakota News LEMMON: Mark A. Gannon has been elected president and chief ex ecutive officer and a director of Com munity State Bank in Lemmon. He replaces Dale Rogers, who has served as interim president since Lee Buffington’s resignation April 1. Mr. Rogers will continue to serve as a director of the bank. Mr. Gan non has served as group credit ad ministrator of Community First North Dakota Bankshares, Inc., Dickinson, since October 1987. Prior to that he served as an assistant vice president of an affiliate of the First Bank System in Rapid City, and with the Production Credit Associa tion in Rapid City and Belle Fourche. Association at its annual convention last week. He follows Richard P. Klug, chairman and CEO of F&M Financial Services Corporation, Menomonee Falls. Other officers are Jess S. Levin, president of the Bank of Elmwood, Racine, chairman-elect, and Gilbert L. Homstad, president of the Jackson County Bank, Black River Falls, vice chairman. Full con vention details and photos will ap pear in the July N orthwestern B anker. vices, Inc. It will operate as a sub sidiary of First Wisconsin Corpora tion. Wyoming News Auburn W. Dowdy, chairman, Wyoming National Bank, Cheyenne, was advanced to the presidency of the Wyoming Bankers Association last week at its annual convention. He succeeds William H. Ruegamer, president, First Interstate Bank of Sheridan. Jerry W. Rankin, presi dent, First Wyoming Bank—Jackson Hole, is first vice president of the association, and Clifford E. Kirk, executive vice president/CEO of First National Bank, Gillette, is second vice president. A full report and photos of the convention will ap pear in the July N orthwestern Banker . MILWAUKEE: First Wisconsin Corporation has announced that, subject to Federal Reserve Board approval, it will acquire Milwaukee Title Insurance Company, a Milwau kee-based insurance agency. Terms of the cash transaction were not disclosed. Current owners David Silberman and Vance Werner will re main with the company as first vice Colorado News president and vice president, respec North Dakota News tively. Michael J. Schmitz, ex AURORA: The FDIC has approved > Roger Berglund, president of ecutive vice president of First the assumption of the deposits and Dakota Western Bank, Bowman, Wisconsin National Bank, and Glen fully secured liabilities of Security was advanced to the presidency of J. Milesko, president of the bank’s Bank of Aurora by Security Bank the North Dakota Bankers Associa Elan Insurance Services subsidiary, of Colorado, also in Aurora, a newlytion last week at its annual con will serve as chairman and president chartered subsidiary of First United vention. He succeeds John Pierson, of the company, which will be Bancorporation, Aurora. Security chairman of Norwest Bank North renamed Elan Title Insurance Ser Bank of Aurora, with assets of $10.7 Dakota, Bismarck/Mandan. Moving up into the position of president elect is Ken Reno, president, United Bank of Bismarck. A complete con At Security National Bank, our minds vention report with photos will be are on meeting all your Correspondent featured in the July N orthwestern Banking and Investment needs. B anker. We’re Security for you! A Meeting Of The Minds. Wisconsin News Thomas L. Schiefelbein, president of the Security National Bank of Durand, was advanced to the chair manship of the Wisconsin Bankers https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis J e ff S im s Correspondent Services Michael Moreland Ron Kiel Correspondent Banking Officer 712-277-6736 SECURITY N A TIO N A L BAN K IN SIOUX CITY, IOWA. MEMBER F.D.I.C. S tu a rt Becker Correspondent Services Vice President Investments 712-277-6616 million, was closed June 2 and reopened June 3. Security Bank of Aurora is affiliated with Security Bank of Boulder, which was also closed June 2. Security Bank of Col orado will assume about $10.2 million in deposits and will purchase all of the failed bank’s assets at a discount of $1,025,000. of Security Bank of Boulder by First National Bank in Boulder. Security Bank of Boulder, with assets of $13.4 million, was closed June 2 and reopened June 3 as a branch of First National Bank in Boulder. Security Bank of Boulder is affiliated with Security Bank of Aurora, which was also closed June 2. First National Bank in Boulder will assume about BOULDER: The FDIC has ap $13 million in deposits and will pur proved the assumption of the chase all of the failed bank’s assets deposits and fully secured liabilities at a discount of $696,433. BANKING 'Professional assistance in hiring and career advancement" Specialists in Turn-Key Tax-Advantage Marketing Programs For Financial Institutions Providing: Customer Retention Increased Fee Income Full Service Banking 815 Office Park Road, Suite 8 West Des Moines, Iowa 50265 (515) 224-5880 Serving bankers quietly and efficiently. CAPITAL PERSONNEL SERVICE 815 Office Park Rd., Suite 6 West Des Moines, Iowa 50265 515-226-0510 FOR SALE CREEES RECONDITIONED BRANDT Coin Sorters-Counters BRANDT Currency Counters New Warranty 402- 571-5577 quality service by experienced professionals 525 Merle Hay Tower Des Moines, Iowa 50310 515-276-1151 F inancial I nstitution S ervices Corporation Jean Eden 515-276-1151 Sandi Garner 515-832-1258 Tues / Wed / Fri Confidential. Fees Paid by Employer. FOR SALE RURAL SW COLO. BANK—$12mm assets. Please state financial qualifications and experience. Contact File WNP c/o Northwestern Banker. (FS) POSITIONS AVAILABLE DOES YOUR BANK NEED AN INVESTMENT CENTER? Your benefits: • New high net worth customers • Added profit • Reduced deposit loss to competitors • Ability to offer complete financial services For information contact: ■•■■■■a INVESTMENT 1-800-544-7113 First Dakota Building P.O. Box 2796 Bismarck, ND 58502 or P.O. Box 65697 West Des Moines, IA 50265 TRUST MARKETING and trust experience. large urban bank. Requires degree $35 K REAL ESTATE LOAN • single fam ily residential and secon dary market experience required. Proximity of major m etroj area. $401» LOAN REVIEW • large bank experienced required. Both junior and senior level positions available. $28-$40K COMMERCIAL LENDING • V.P. positions in urban and large suburban banks. Personal portfolios from $20MM to $50MM. $40K BRANCH MANAGER - handle small business and con sumer credits. Med-size com m unity affilia te of multibank holding company. $24K Additional listings for commercial lending and trust officers. Resume’ requested. TOM HAGAN & ASSOCIATES POSITIONS AVAILABLE COMMERCIAL LENDER Are you ready to go to work for the best? Fast growing, highly profitable holding co. bank seeks line lender for $300M bank. W ill take over $25M portfolio and move into head of lending within one year. Highly visible spot, offers great benefits and secure position. $55K. CASHIER Be part of senior mgt. team, take charge of your career! Profitable $120 bank seeks proven mgr. with success in m otivation and strong operations skills. W ill supervise 10 and enjoy high level of authority. $30«. SR. V.P. Here is your oppty. to step out of the line and into manage ment. County seat bank offers challenge to be #1. Seeking individual who has com m ’l lending exp. of 10+ years, strong bus. development skills and ability to get involved incom m ty. $45K+. POSITION AVAILABLE “Serving the Banking Industry Since 1970” INTERNAL CONTROLLER AND COMPLIANCE OF FICER—for $100MM central Iowa bank located in an at tractive metro suburb. Candidate should possess a bachelors degree w ith 3-5 yrs. experience in bank auditing with exposure tó compliance. Good career opportunity with com petitive compensation pkg. Send letter of ap plication w ith resume to: John Seddon, VP, First Interstate Bank, P.O. Box 3660, Urbandale, IA 50322. (PA) ASSISTANT TO IN-HOUSE AUDITOR & COMPLIANCE OF FICER— position open immediately. Experience in audit &/or com pliance desired. College degree in accounting re quired w ith P.C. knowledge & organizational ability recom mended. S115MM bank. Contact File No. WNQ, c/o North western Banker. (PA) FOR FURTHER INFORMATION CONTACT KURT ROSENCRANTS m ROBERT HALF OF IOWA. INC. 317 6th Ave, Ste. 650 Des Moines, IA 50309 ( 515) 244-4414 A L L FEES C O M P A N Y PAID P.O. Box 12346/2024 Swift North Kansas City, MO 64116 816/474-6874 POSITIONS AVAILABLE PRESIDENT—Are you searching fo r upper mgmt.? Prestigious bank in growing SD commty. seeks a top exec, to manage operations. Should have some small bank ex posure. Exc. fringe benefits. To$55K. Job#NW3437 VICE PRESIDENT—Near term promotion to manage com ’l dept.! Initial responsibilities include mgmt. 5 + yrs. com ’l lending exp. & mktg. abilities req. A ttractively located near T.C. in mid-sized college commty. Exc. promotional possibilities w/in holding co. Job #NW3438 LOAN OFF.— Does living in a resort area sound appeal ing? High performing bank in Wl seeks lender w/1-2 + yrs. exp. Some R/E lending req'd. Resp. for real estate, com'l, cons, lending. Leads to #1 lending pos. To$20K + Bonus + Exc. Benefits. Job#NW3439 CALL PAUL GENTZKOW OR BILL BENSON COL. G O R D O N E. TAYLOR Box 949 - Mason City, la. 50401 515/423-5242 Professional Auctioneer Real Estate Broker and Appraiser ROBERT HALF OF MMNESOTA, M C. 3636 IDS Center Minneapolis, MN 55402 (612) 339-9001 A L L FEES C O M P A N Y PAID Voi. 17 No. 10 N orthw estern Banker N e w s lette r (USPS 873-300) is published w eekly by the N orthw estern Banker Com pany, 1535 Linden Street, Suite 201, Des M oines, Iow a 50309, (515) 244-8163. Subscriptions $1.00 per copy, $24.00 per year. Second class postage paid at https://fraser.stlouisfed.org Des M oines, Iow a. Address all m ail subscriptions, changes of address (Form 3579), m anuscripts to N orthw estern Banker, 1535 Linden Stj|#201ï, M oines, Iowa 50309. Federal Reserve Bank ofDes St. Louis
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