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Vol. 15 No. 10 June 23,1986 Des Moines, Iowa Holthus Objects to Prediction of Nebraska Bank Failures HE P R E SID E N T of the Nebraska Bankers Association re T cently objected to conclusions drawn by a University of Nebraska humanities professor that 100 Neb raska banks may disappear by 1990. “The report infers that 100 Neb raska banks are in danger of collapse due to the current problems in the farm economy,” said NBA Presi dent C.G. “Kelly” Holthus of York. Mr. Holthus referred to a study released by Louis E. Jeffries, assis tant professor of Humanities and Social Sciences, Libraries, at UN-L. “We see no evidence to support such speculation and would take ex ception to Mr. Jeffries’ conclusion that such a number of bank failures are likely,” said Mr. Holthus. Mr. Holthus said that the number of bank charters in Nebraska may be reduced through mergers and conso lidations which are now authorized by state law. “But to imply that 100 banks will be ‘closed’ is a disservice to the banking industry in Neb raska,” he added. Mr. Holthus said Mr. Jeffries’ statement that most of the state’s bank failures have been concen trated in an area between Broken Bow and Taylor is in error. “Neb raska’s bank closings have been scattered over the eastern twothirds of the state - a fact which makes me question the accuracy of the rest of the report,” he said. Mr. Holthus said Mr. Jeffries should have distinguished between banks that are closed by regulatory agencies and banks that voluntarily consolidate their operations. “Nebraska’s banks’ average capital-to-asset ratio (a measurement of the actual owner equity) is over nine percent, one of the highest in the na tion,” Mr. Holthus said. “Our banks have some $138 million set aside as a cushion against future loan losses,” he added. “The thing th at’s most important is that banking services are main tained in as many of our rural com munities as possible,” Mr. Holthus said. To achieve this end, the Neb raska Bankers Association has sup ported legislation for a bank to es tablish a branch office in a town which has lost its bank, in addition to legislation which would allow a bank to acquire a failed financial in stitution as a branch office. “We’ve already seen the positive effects of this legislation in a num ber of cases and expect to see more in the future,” he said. Mr. Holthus added that the rate of bank closings in Nebraska has shown signs of slowing, which underscores the fact that the state’s banks are dealing with the problems caused by disinflation in the agricul tural marketplace. “We’re halfway through 1986 and have seen only three banks closed to date this year. In each of these cases, the banks have been acquired as branches by healthier banks, and banking services have been main tained in these communities,” Mr. Holthus said. □ Iowa News The Iowa Bankers Association will sponsor a three-day seminar en titled “Analyzing Financial State ments,” geared to bankers with lit tle or no accounting background. The program, to be held August 6-8 at the Des Moines Airport Hilton, satisfies one of the prerequisite course requirements in both the Iowa Consumer Credit School and the Iowa Commercial Lending School. Fee includes lunch and ma terials and is $350 for members, $440 for subscribers, and $525 for nonmembers, with $20 additional if paid at the door. Contact the IB A for more information or to register. * * * The IB A ’s third annual Presi dent’s Golf Tournament, hosted by last year’s president, Bill Logan, SPRENGER, ROWLAND AND MESSINA Bill Sprenger Frampton Rowland Outside Missouri call 1-800-821-2182 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis John Messina In Missouri call 1-800-892-7100 iu t C om m erce B ank " 8 ^ of Kansas City Member FDIC • ust of last year as internal auditor. He will be chief financial officer of the bank and for its parent, Iowa First Bancshares Corp. 2 WATERLOO: John Cunningham has been appointed vice president in the correspondent bank division at The National Bank of Waterloo. Prior to joining the bank he was vice president, trust officer and cashier at the Chelsea Savings Bank in Belle Plaine, where he worked for 16 years. will be August 11 at the Finkbine Golf Course in Iowa City. Cost is $45, which includes green fees, onehalf cart, and an Iowa chop dinner at the U. of Iowa’s Athletic Club. Cost without a cart is $40, and spouses may attend for $15, which includes the evening meal. The afternoon begins with a dutch treat lunch at 11:00 a.m. and concludes with awards following the 6:30 p.m. din ner. Contact the IB A to register. employees or their survivors when they die, resign or retire, has owned about 90% of the bank since 1963. In December 1983 and June 1984, the profit-sharing trust made capital contributions to the bank totaling more than $3.3 million so that the bank would meet the minimum capi talization requirements under fed eral banking laws. Nebraska News The 1986 Professional Develop ment Program Intermediate School of Banking, sponsored by the Neb raska and Kansas Bankers Associa tions, will be held Sept. 21-26 at the Holiday Inn in Manhattan, Kansas. This is the first-year session of a two-year course and covers 13 sub ject areas. The second-year session will be in June of 1987. Applications will be accepted through August 22 but you are urged to register early. Contact Jone Beer at Schools of Banking, 525 S. 13th St., Lincoln, NE 68508, (402) 474-3313. D ES MOINES: Among recent pro motions at Banks of Iowa, Inc. was D E S M O IN E S: Hy-Vee Food the advancement of Michael J . Tim Stores, Inc., complying with a court mins and Janet E . Burch to vice order, bought National Bank & presidents. Mr. Timmins, formerly Trust Co. of Chariton on June 12 comptroller and treasurer, will be and agreed to pay $2.25 million into V.P.—finance and treasurer. Ms. an employee’s profit sharing plan. Burch, formerly assistant vice presi OMAHA: Lawrence Comine, Jr . has The order said the Hy-Vee Employ dent-personnel, will be V.P. in that been named chief operating officer ees Trust, which pays benefits to department. of FirsTier Bank Omaha, and Pat D ES M OINES: Phillip L. Risley has rick J . Brady has been named group been elected senior vice president/ executive for the bank’s commercial cashier of Brenton National Bank of lending division. Mr. Comine re Des Moines. He will also retain his places Gary K. Thrasher, senior ex duties as president of Brenton Infor ecutive vice president, and Mr. mation Systems, Inc., the data pro Brady replaces Robert A. Suddick, cessing subsidiary of Brenton senior vice president. The two men Banks, Inc. Mr. Risley joined Bren resigned recently. Mr. Comine joined the bank in 1958 and most re ton in 1982. MUSCATINE: Among recent offi cently served as division head of the commercial lending division. Mr. cer elections at First National Bank Brady joined FirsTier in 1984 and of Muscatine were Bernard J . Latthad been serving as vice president in yak to senior vice president/senior loan officer and Kim K. Bartling to charge of commercial lending. ASK GARY B A R TLETT vice president/finance. Mr. Lattyak joins the bank from his position as vice president/loans at the Union National Bank in Wichita, Kansas. Mr. Bartling joined the bank in Aug to make MNB work for you. Toll free 1-800-332-5991 M erchants N ational B ank M em ber F.D.I.C. A 151 A BANKS OF IOWA BANK https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis SID N EY: A t the American Na tional Bank of Sidney, Dwight Stubbs has been named executive vice president. He previously served as the bank’s senior vice president. I t's easier to talk Iowa banking with people who live it — people like Ben Eilders and the correspon dent staff at Bankers Trust. C all 1-800-362-1688 or 515/245-2424. Bankers Trust Des Moines, IA Member FDIC Ben Eilders Senior Vice President # IT ] [\\\m S lN G L E S O y R C E p B E term s purchase ins Available lN & T R A IN S ® ,\ns taU a«on , T r a i n s °* . «rations e oocumentaW 7760 p ro o l ie pocket S y s te m Encoder .pocket * Hiflb Quality . printer Rlbb« • comp®'lt,ve in $ S av in g s information https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis R esu lts mpplemenTToNorthwestern Banker isewsietter reliable ¡¡harp! AT LAST, AN introducing tne a FEATURES er(op use! . Designed for co BE-800 . optional >ourna' ^ d0Cllment feed! . optional autom access, ^nct allows brancn cost! __I— ■— — m ent, >nC Second Avenue INFORMATION: (5 1 5 ) 310 South Floyd H oux o - y . ' ^ 8a 51 (712) 258-632« -..»ikiCCQ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Supplement to Northwestern Banker Newsletter 6-23-86 1986 Bank D irectories N ow A vailable . . . • 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 6 EDITIONS • Nebraska — Nearly 200 pages. Iowa — Over 300 pages. f Y C O § Send me_________ copies of the 1986 edition of the IOWA Bank Directory at $14.00 per copy. Send me_________ copies of the 1986 edition of the NEBRASKA Bank Directory at $9.00 per copy. Our check is enclosed for $ _____________ (add state tax: Iowa @ 4% Nebr. @ 3%%) Company Name________________________________________________ CONVENIENT TO USE.Jies flat for reading or copying (pages 3 1/4 ” x 6 1/2 ” ). Officer Name__________________________________________________ P.O. Box or Street Address________________________________________________ City and State____________________________________ Zip Orders shipped by return mail https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Phone ____________________________________________ Area Code NORTHWESTERN BANKER 1535 Linden St., Suite 201 Des Moines, Iowa 50309 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis C all on th e “ Experienced P rofessionals” ^ F irsT ierB an k Ready to m eet your correspondent needs. Minnesota News The American Institute of Bank ing in Minneapolis has announced a number of seminars to be held in June and Ju ly at the A IB Education Center. Dates and topics are as fol lows: June 24—Intermediate Lotus 1-2-3, June 25—Professionalism for Office Staff, July 9—Let an ExBank Robber Help You, Ju ly 9/10— Intro To Lotus 1-2-3, July 15—Man aging Multiple Priorities, Ju ly 1 6 Real E state Documentation, July 22—Pricing Bank Services, July 23 —Loan Documentation for Secre taries, Ju ly 24—Cross-Selling for Tellers, Ju ly 29—Generating Fee In come from Your Retail Customer Base, Ju ly 30—Article 9 of the Uni form Commercial Code. Lincoln 13th & M Streets, Lincoln, Nebraske 68501 asset and liability management com mittee. He is currently senior vice president at RepublicBank Corpora tion in Dallas in charge of strategic planning and development, econom ic research, public and government affairs, and investor relations. FirsTier Bank, N.A., Lincoln, Member FDIC to about $5.8 million in 1,800 ac counts. All but about $1,600 of the deposits, in five accounts, were se cured. Colorado News DENVER: D. Dale Browning has been elected president of The Colo rado National Bank of Denver, suc Wisconsin News ceeding William W. (Peter) Grant, EA U C LA IRE: Gregory L. Gill has who has been elected chairman of been appointed vice president and the board. Mr. Browning has been chief financial officer at First Wis with the bank over 21 years. He was consin National Bank of Eau Claire. elected senior vice president in 1972 He joined First Wisconsin Mortgage and a director in 1977. He will con Company in 1975 and has been with tinue to serve as president of Rocky First Wisconsin in various capaci Mountain BankCard System, and as ties since, most recently as vice president of Plus System. Mr. Grant president serving as a liaison in cor joined CNB in 1958 and was elected porate unit bank administration. president in 1975. W EST A LLIS: Three officers have M INNEAPOLIS: At Norwest Bank been promoted at Central Bank. Ed Notice of Sale Old St. Anthony, N.A., David M. ward F. Lentz was named senior $4,500,000 Essential County Purpose Ellingson has been promoted to se vice president and cashier. He has General Obligation nior vice president and Larry D. been with the bank 17 years, most Solid Waste Bonds Kraning to senior vice president/ recently as vice president and cash Black Hawk County, Iowa consumer banking manager. Mr. El- ier. Kenneth W. De Languillette was Notice is hereby given that the Board of Super visors of Black Hawk County, Iowa will meet at lingson joined the bank in 1958 and named first vice president. He has the office of the County Auditor in Waterloo, Iowa was most recently vice president/ been at Central Bank for 20 years on Tuesday, July 8,1986, commercial loans. Mr. Kraning and was promoted from vice presi at 4:00 o’clock P.M. at which time bids will be came to the bank in 1978 and pre dent. Richard G. Ziebell was pro opened and at 4:30 o' clock P.M. to consider and viously served as consumer banking moted from assistant vice president act on the bids for the purchase of $4,500,000 Es sential County Purpose General Obligation Solid business manager. to vice president. He joined Central Waste Bonds, said bonds to be dated July 1,1986, to bear interest at the rate or rates designated by ST. CLOUD: Among recent promo Bank five years ago. the successful bidder, interest payable December 1, 1986 and each June 1 and December 1 there tions at The First American Na after. The bonds will mature on June 1 of the years tional Bank of St. Cloud was the ad and in the amounts as follows: Wyoming News vancement of John E . Herges to se $180,000 in 1988 $305,000 in 1996 GLENROCK: The FDIC has ap $190,000 in 1989 $325,000 in 1997 nior vice president—commercial $200,000 in 1990 $350,000 in 1998 proved paying off insured deposi $215,000 in 1991 $380,000 in 1999 loans. He joined the bank in 1973. tors in the Security Bank of Glen$230,000 in 1992 $410,000 in 2000 $245,000 in 1993 $445,000 in 2001 rock. The bank, which had assets of $265,000 in 1994 $475,000 in 2002 Illinois News $6.0 million, was closed on June 6 by $285,000 in 1995 CHICAGO: William E . Gibson will Wyoming State Examiner Stanley All bonds maturing on or after June 1,1995 being subject to redemption and prior payment at the join Continental Illinois Corporation R. Hunt and the FD IC was named option of the County in whole or by lot on June 1, 1994 and any interest payment date thereafter at on June 30 as an executive vice receiver. No bids were received for par and accured interest. The County will furnish president and a vice chairman of the the failed bank. Deposits amounted printed bonds and approving legal opinion of Ahlers, Cooney, Dorweiler, Haynie, Smith and All bee, Des Moines, Iowa, both without expense to the purchaser. We’re Security for You By order of the Board of Supervisors Isabelle Frerichs County Auditor Black Hawk County, Iowa At Security National Bank, we’re people you can count on to handle all of your Correspondent Banking needs. Further information may be obtained from Public Financial Systems, Inc., Minneapolis, Minnesota (612) 333-9177. So, start corresponding with us. We’re Security for you! SECURITY N A T IO N A L B A N K IN SIOUX CITY. IOWA. MEMBKR F.D.I.C. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis f f l S Dennis Nahnsen V ice President and M anager Correspondent Banking Services 712-277-6768 PUBLIC FIMA NCIA L SYSTEM S 512 N ICO LLET M A L L . SUITE 550 M INNEAPO LIS. M INNESO TA 55402 TELEPHONE: (6 12) 333-9177 WANT ADS BANK PRESIDENTS Rates are $5.00 per line per Insertion. Add $3.00 for file letters per insertion. Identity of file letter advertisers cannot be revealed. NORTHWESTERN BANKER 1535 Linden St., Suite 201 Des Moines, Iowa 50309 Phone 515/244-8153 Positions now available in Iowa and Minnesota in banks with deposits in $30 million range. Salary to $45,000. COMMERCIAL LENDERS Positions now available in three choice locations in Upper Midwest. Require minimum of 3 years experience and col lege degree. Salary to range from $35,000 to $60,000. REAL ESTATE LENDER Multi-bank group seeks qualified real estate lender. Ability to package for sale to secondary market a plus. Salary Open depending on experience. POSITION AVAILABLE TRUST OFFICERS PRESI DENT/CEO Positions now available in three major banks in Nebraska, Iowa, and South Dakota. Law Degree preferred. Experi ence in personal trust and/or employee benefits a plus. Salary range to $35,000. Overall bank management in a $75mm bank. Supervise 3 Department Heads. Requires a skilled, progressive banker, currently managing a bank of comparable size. Please send resume to File No. WFX c/o Northwestern Banker. Freeland Financial Service 1010 Equitable Bidg. Des Moines, IA 50309 515/282-6462 ASST. CASHIER—Bank located near DM. An opening for indiv. w/bank operations exp. Some lending duties pos sible. Insurance license preferred. Send resume to File WFS c/o Northwestern Banker. (PA) Employer pays fee. Please contact Malcolm Freeland concerning these quali ty applicants or for other types of banking officers. COMMERCIAL LOAN OFFICER with installment background for $38M Colorado Springs bank. Salary negoti able. Equal opportunity employer. Send resume to: Pres., P.O. Box 5008, Colorado Springs, Co. 80932. (PA) BANK PRESIDENT—$20MM Bank seeks CEO. Commercial and agriculture lending experience required. Excellent opportunity for salary and benefits including investment in bank if desired. Send salary requirements and resume to Gene Eaton, 1712 Firstier Bank Bldg., Lincoln, NE 68501.______________________________________ (PA) PRESIDENT—for $60M south central Wisconsin bank. Very profitable, expanding bank. Successful candidate will have strong background in farm credit. Good manage ment skills and enjoy living in small conservative commu nity. Salary $45-$50,000 + heavy incentive package. Send resume to File No. WFV c/o Northwestern Banker. (PA) AG LENDER #2 position. 2-5 years ag credit experience with real estate lending experience a +. Send resume and salary requirements to: Galen Reading, V.P./Ag Rep., C/O First Nat’l Bank of Mapleton, (Box 306), Mapleton, MN 56065. (PA) POSITIONS AVAILABLE R DRIVE-UP WINDOW. Mosler Model 1868BSD. You remove and haul away. First $500.00 buys it. First National Bank in . Ord, Ord, Nebraska. Phone 308/728-3201. (FS) TEXAS INSTRUMENT COMPUTER MODEL NO. 990 complete with a terminal and two printers. Make offer (712) 523-2171. (FS) PERSONNEL INCORPORATED 2626 RUAN CENTER DES MOINES, IA 50309 POSITIONS AVAILABLE AG LOAN OFFICER Growth-oriented bk in solid sm com seeks 2 + yrs banker w/good ag skills. $25K. COMMERCIAL LENDER $8-10mm port, excel loc & pro environ for lender who has handled $75-125K loans. $30K. EVP Run operation in $45m + bk. Supv exp, good ag skills, per sonable & 10 yrs exp. $45K. TRUST OFFICER Be a leader. JD, self-starter for profitable bk., $100m + dept. $30K +. CONTROLLER Sensational growth pos in nationally recognized finl insti tution. 3 yrs bk operations/acctg deg. $23K. FOR FURTHER INFORMATION CONTACT KURT ROSENCRANTS 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 ALL FEES COMPANY PAID Diane Evans 1102 Grand Avenue, Kansas City, MO 64106 816/842-3860 POSITIONS AVAILABLE CEO COMMERCIAL LENDER Splendid opportunity with lead bank in a highly re garded, financially sound Iowa multi-bank net work. Growth position for talented person with credentials, and minimum 3 yrs. exp. & 1 yr. formal credit training. For confidential consideration, contact T.W. Textor. No fees:'We are retained by management. SR. LENDER experience and CEO of $20-40MM IA/IL bank. Mature banker. Proven record of accomplishments. Com munity minded. Contact file No. WFQ c/o Northwestern Banker. (PW) egency RECRUITERS, INC. /ASSOCIATES "Successful Banking is Quality Personnel" POSITIONS AVAILABLE COMMERCIAL AVP for a $110 + bank in choice location. Portfolio will begin with $5mm in Com mercial credits ............................ $25,000-$35,000 PRESIDENT $10mm bank in Oklahoma, popula tion 500 ....................................... $35,000-$40,000 #2 OFFICER in a $30mm bank of 8,000, 2 hrs. from Dallas ......................................... $30,000-$40,000 #2 OFFICER, Assistant to the President, con sumer and R.E. lending, for a $30mm bank, 3,00u population ..................................$20,000-$25,000 MARKETING OFFICER for a banking related com pany ..................................$20,000 + Commission VICE PRESIDENT for a $60 + mm bank in very nice small town ..................................$30,000-$40,000 ALL AROUND BANKER for a $35mm bank, con sumer and R.E. lending, some operations, 10,000 population ........................................... $20,000 + SENIOR VICE PRESIDENT in charge of loans for an $80mm bank close to a metropolitan area . . . . ................................................................... OPEN PRESIDENT, CEO, $30mm bank in Missouri OPEN DON W. SCHOOLER 2508 East Meadow Springfield, Missouri 65804 (417) 882-2265 Are you ready for a new opportunity? Outstate MN bank seeks market driven leader. 10 + yrs com’l/ag lending exp., proven mgmt ability and workout loan exp. Prefer formal credit training. To $65,000. Job#NW8667. AG LOAN OFFICER Long term growth with multi bank organization! Outstate Montana bank seeks ag lender with strong analytical skills. 3+ yrs ag lending exp and degree desired. HOT! To $35,000. Job #NW8668. VP/COMMERCIAL LOAN MANAGER Fantastic growth opportunity! Rapidly growing TC bank seeks com’l loan mgr for suburban location. This major bank desires 7+ yrs com’l lending exp., formal credit training, and professional image.To $49,000.Job #NW8669. For Further information Call Paul Gentzkow ROBERTMfMLF 3636 IDS Center Minneapolis, MN 55402 (612) 339-9001 ALL FEES COMPANY PAID POSITIONS AVAILABLE LOAN REVIEW - lead bank of major mldwestern holding company. Requires degree and minimum of two yrs. loan review experience in large bank environment. $28K COMML. LOAN - $100M suburban affiliate of large multi bank holding company. Strong technical skills and 3 yrs. or more experience. $30K INSTL. LOAN - manage consumer department for $80MM suburban bank. Ideal candidate will have five yrs. instai. lending background Including dealer paper. $30K CEO - small rural bank located close to recreational area. Work out situation. Ag credits not the problem. $38K AGRI LOAN • primary responsibility for all Ag credits in $25MM community bank. Assist with commercial loans. $35K Additional opportunities available. Resume requested. TOM HAGAN & ASSOCIATES 2024 Swift - Box 12346 North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry Since 1970” Vol. 15 No. 10 Northwestern Banker Newsletter (USPS 873*300) Is published weekly by the Northwestern Banker Company, 1535 Linden Suite 201, Des Moines, Iowa 50309, (515) 244-8163. Subscriptions $1.00 per copy, $18.00 per year. Second class postage paid at Digitized forStreet, FRASER Des Moines, Iowa. Address all mall subscriptions, changes of address (Form 3579), manuscripts, mall Items to above address. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
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