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• Vol. 16 No. 11

Des Moines, Iowa

June 29,1987

Upper Midwest Nonfarm Outlook Is Optimistic Says 9th Fed
W,T" HE nonfarm economy of the Ninth Federal Reserve
I District is predicted to grow at moderate to strong
rates through 1988, according to a set of forecasting
models maintained by research economists a t the Fed^ e ra l Reserve Bank of Minneapolis. (The Ninth District
^includes Minnesota, Montana, North and South
Dakota, northwestern Wisconsin, and the Upper Pen­
insula of Michigan.)
The prediction of moderate to strong growth is the
^ result of the recent robustness of district labor mar­
kets and the predicted strength of the national eco­
nomy, says economist Dick Todd in the Bank’s recent­
ly published District Economic Conditions.
Especially rapid growth is expected for Minnesota
£ and Wisconsin, where both nonfarm employment and
earned income are predicted to exceed their historical
average growth rates of two to three percent. Else­
where in the district, growth is forecast to be more
moderate. Unemployment rates are predicted to fall
0 rapidly in 1987 and remain low in 1988.
Higher farm incomes and more stable farmland
prices, reported in this Bank’s recent survey of rural
bankers, could help portions of the district’s nonfarm
economy. For several years, financial stress has forced
% farm households to cut their spending. Even a leveling
out of farm household spending would ease this re­
straint on rural trade and service business. Improved
farm finances come at a cost, however. For example,
the same government subsidies that have raised
# farmers’ incomes have hurt some farm input suppliers
by inducing farmers to cut production.
Despite the favorable outlook, Mr. Todd warns that
some factors may restrain district growth. Nationally,
first-quarter consumer spending was sluggish and
• growth was channeled into accumulating inventories.
This could cause production cutbacks in the current

quarter and beyond. Also, last winter’s growth in the
district construction industry may have been merely a
temporary response to an unusually mild winter.
□
Economic Growth and Unemployment Rates
in the Nation and the Ninth District*

Nonfarm Employment
United States
Montana
North Dakota
South Dakota
Minnesota
Wisconsin
Upper Peninsula
of Michigan

Actual
1986

Model Predictions
1987
1988

2.4%
-0.6
-1.2
2.2
2.0
1.5

4.0%
2.4
3.2
2.8
4.8
3.6

3.3%
1.2
2.3
2.1
4.1
2.7

2.4%
1.9
2.5
2.2
2.6
2.1

1.1

0.7

1.7

0.0

Nonfarm Income
United States
Montana
North Dakota
South Dakota
Minnesota
Wisconsin

3.4%
-1.8
-1.1
6.3
3.8
3.4

4.3%
2.5
2.4
3.4
5.3
4.4

3.4%
1.2
2.6
2.7
4.4
3.1

3.0%
2.1
2.9
2.7
3.3
2.5

Unemployment
United States
Montana
North Dakota
South Dakota
Minnesota
Wisconsin

6.8%
7.9
6.1
4.5
5.1
6.8

5.7%
7.3
4.3
3.9
4.7
5.5

5.3%
7.1
4.9
3.9
4.3
5.3

6.9%
6.4
4.5
3.9
5.4
6.2

*F o r nonfarm employment and income: 4th-quarter changes from one year earlier.
For unemployment: actual rate in 4th quarter. See also " N o te s . . . " on inside cover.
“ For nonfarm employment and income: average of annualized quarterly growth rates
from 1s t quarter of 19 6 4 to 4th quarter of 19 8 6 . For unemployment: average of quarterly
levels from 1s t quarter of 1 9 7 0 to 4th quarter of 19 8 6 .

Together We Can
Accom plish Great Things
Call Dick Retz, M NB Correspondent Banker
319-398-4806 or Toll Free 1-800-332-5991
The"

Strength
Eastern
|owa

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Historical
Average**

Merchants National Bank

2

Randy Endelman have been pro­
moted to vice presidents. Mr.
mmmma
Schenck works in special loan a d -£
Call (515) 245-3131 or toll-free (800) 362-2514
NORWEST BANKS
Member FDIC
ministration and also serves as the
bank’s compliance officer. He joined
the bank while attending the U. of
Nebraska and became an install­
Y ea rn work:
ment loan officer in 1973. Mr. Endel-0
man works in the tru st department.
one of the reasons
From 1973 he was in private prac­
we’re first in Iowa.
tice as an attorney as well as counsel
for an insurance company. For two
Tom Quinlin
years he worked for the federal g o v-0
John Rigler
ernment and then joined Norwest in
1979.
of
the
Iowa
Trust
Association
at
Iowa News
their annual conference in Marshall­
The IBA will hold its fourth an­ town. He joined the bank in 1973.
Minnesota News
^
nual President’s Golf Tournament
IOWA
CITY:
Jack
A.
Koberg
has
MINNEAPOLIS:
Susan
B.
E
d
d
y
*
on August 17 at Thunderhills Golf
joined
the
Iowa
State
Bank
&
Trust
has
been
named
manager
of
Norwest
Course in Peosta, near Dubuque.
Last year’s IBA president, Bruce Company as senior vice president, Corporation’s private banking busi­
Meriwether, is host. Proceeds go to heading the loan department. Most ness segment, succeeding Patrick J.
the ag “war chest’’ fund. Cost is recently he served as a senior vice Donovan, recently elected president 0
$50, which includes green fees, one- president with United Oklahoma of Norwest Bank St. Paul. She was
private banking product manager
half cart and a prime rib dinner. Bank in Oklahoma City.
Cost for no cart is $45. Tee times SPENCER: Steven A. Grell has for the corporation. Ms. Eddy has
begin at 11:45, a cocktail hour been elected president and CEO of responsibility for supporting line
begins at 6:00, and dinner is at 7:15. First Interstate Bank of Spencer. managers of 17 private banking 0
To register, contact Lori Graf at the His responsibilities will include sites in Norwest’s seven-state bank­
IBA office.
bank administration and manage­ ing region. She has been with Nor­
ment for Spencer and Clay counties. west since 1983 when she joined
CLINTON: James E. Stachour has He was previously employed by Norwest Bank Minneapolis.
been named executive vice president First Bank, Fargo, N. Dak., where
Illinois News
of Clinton National Bank. He joined he was vice president, site manager.
the bank in 1985 as senior vice presi­ He has also served as president and
New officers were recently elected
dent, after serving 15 years with the CEO of First Bank in Cando, N. for the Illinois Bankers Association.
First National Bank in Sioux Cen­ Dak., and Pipestone, Minn.
They are: President—Jack Emmons,
ter. Prior to that he was employed
pres. & CEO, Security Bank
by the Toy National Bank, Sioux
Trust Co., Mt. Carmel; Vice Presi­
Nebraska News
City, since 1962.
OMAHA: Randal J. Burns has been dent—David Webber, S.V.P., Harris
DES MOINES: Iowa State Bank elected executive vice president and Trust & Savings Bank, Chicago;
has announced the appointment of COO of American National Bank. Secretary—Randall Killebrew, pres.
Jack R. Schreiber as vice president He also holds several positions with & CEO, F irst National Bank,
and senior tru st officer. Before join­ the bank’s holding company, Ameri­ P etersb u rg ; T re a su re r—W ilbur
ing the bank, he had been associated can National Corporation. He is sec­ Meadows, pres. & CEO, National
with First Interstate Bank of Des retary of the board of both the bank Bank of Canton.
Moines for the past 22 years, most and the corporation as well as execu­
recently as vice president and senior tive vice president and CEO of the
trust officer.
holding company’s other Nebraska
New Wisconsin Bankers Associa­
bank.
Mr.
Burns
joined
American
tion
officers elected during the reDUBUQUE: Robert J. Donovan,
National
Corporation
in
1982.
vice president and tru st officer,
We Can Help With
American Trust and Savings Bank, OMAHA: A t Norwest Bank Neb­
Dubuque, has been elected president raska, Richard E. Schenck and C.
Your Employment Needs!
Hk H

Norwest Bank Des Moines, N.A.

t ;;
For Professional Correspondent Service
Call 1-800-622-7262

Specialists in
Bank Recruiting
and Consulting
Since 1971
David L. Hansen, CCP

HAMILTON

ThereJs A Difference In Banks...

Valley National Bank ft
Main Office - Sixth and Walnut
DES MOINES, IOWA 50304


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

A BANKS OF IOWA BANK
Member FDIC

A S S O C IA T E S
JAMES F. MacLEAN
Vice President

H. PETER DeROSIER
Vice President

100 Court Ave., Suite 306
Des Moines, Iowa 50309
515/282-0221

ROBERT»HALF NOI
RSONNHJFROM OU

Som e special candidatesfrom
Robert H a lfs Banking D ivision
4DMMERCIAL LENDER. B .S .
Are you sick of babysitting your lenders? Do you need
someone that can “ hit the street running” and imple­
ment your strategic plan? This multi-talented lender has
excellent credit skills but still understands the need for
business development. Currently administers a 114mm
loan portfolio with over 85 clients.
ASKS: $35,000

EXECUTIVE VICE PRESIDENT. B .S .
This no-nonsense administrator has great people handl­
ing skills! 10 + years lending experience with excellent
credentials in loan workout and management. Currently
a #2 person in a small community bank looking for a
new opportunity. A great choice for either a clean up or
business development situation.
ASKS: $45,000

AG LENDER. B .A .
lb you need an ag lender with excellent technical
abilities? This high achiever has 4 + years ag lending ex­
perience and most recently helped clean up a problem ag
Jgan portfolio. This natural leader has successfully
demonstrated community involvement skills that are
necessary at any bank. A hard charger that is accustom­
ed to the long hours of a small bank. ASKING: Low $30’s

CASHIER. B .S .
This profit-minded individual has proven management
abilities to identify and solve problems! A high energy
trouble shooter who has over 10 years banking ex­
perience. Currently manages both the installment len­
ding and the operational areas of a $30mm bank. Great
image! Open to tri-state area!
EARNS: $35,000

SENIOR LENDER. B .S .
•b u r worries will be over with this hard charger! 5 +
years of solid ag and commercial lending experience. A
problem solver by nature with a keen eye for a
^teriorating credit situation. A terrific manager ready
for afor
new
challenge. Open to relocation.
Digitized
FRASER
https://fraser.stlouisfed.org
ASKS: Upper $30’s
Federal Reserve Bank of St. Louis

TRUST OFFICER, MBA.
A take charge manager with over 3 years trust ex­
perience. Currently oversees 13 people. Strong back­
ground in employee benefit plans, estate planning, and
various computer software systems. Prefers larger com­
munity.
EARNS: $30,000

PRESIDENT.
Do you need a proven administrator to manage in a
multi-bank environment. This shirt-sleeve type has 15 +
years commercial banking experience with emphasis in
lending and operational areas. Currently manages the
direction of a 4 bank holding company that has shown a
steady profit stream. An excellent community type who
can be effective immediately. Perfect for a turn around
situation.
ASKING: 165,000

BRANCH MANAGER. MBA.
Here’s a performance motivated achiever! Has successful­
ly managed a 1135mm branch operation demonstrating
excellent administrative abilities. 5 + years lending ex­
perience including direct and indirect paper coupled with
a strong RE background. Willing to relocate.
ASKS: Mid $20’s

AG LENDER.
Do technical exceptions and problem ag loans have y (#
worried? This hard charger has excellent analytical
abilities to verify that those loans really have the cash
flow to pay back. 3 + years ag lending experience in a
medium sized bank provide this team player with souiffl
negotiating skills. Ready for a move. ASKING: $28,000
COMMERCIAL LENDER. B .A .
#
Do you need a commercial lender wth formal credit
training? This results oriented achiever completed a nine
month commercial credit training program with a $7
billion bank. Currently handles a loan portfolio of $6m S
to a wide variety of industries. With over 3 years com­
mercial lending experience this ambitious team player
can handle those delicate negotiating situations. Willing
to relocate.
TO 130,OW

COMMERCIAL LOAN OFFICER. B .A .
A strong technician with outstanding business develop­
ment skills! This diligent producer has 5 + successful
years as a commercial lender in a medium-sized bank. A
skillful communicator with excellent people skills!
ASKS: Low $30’s

PRESIDENT. B .A .
Do you need an MBO type manager who can turn
results? This success oriented achiever has 15 + years
banking experience in medium sized banks. Has manag­
ed an $80m bank with excellent results. A proficient
manager who understands commercial, real estate, co%
sumer and ag lending extremely well. Is versed in all
operation areas.
ASKING: $60,000 Range

LOAN WORK OUT SPECIALIST. B .S .
An action-oriented individual who will tackle any pro­
blem! Over 10 years of ag banking experience with the
ability to see a job through! Has a professional personali­
ty and is able to communicate effectively with ag pro­
ducers. Will burn the midnight oil to clean up a port­
folio!
ASKS: 140,000

CREDIT ANALYST. B .S .
•
Are you looking for a razor sharp technician to spread
financial statements or maybe conduct documentation
reviews. This analytical problem solver has 2 years ex­
perience spreading financial statements in a medium s i ^
ed bank. With formal credit training this proven per­
former can get through those more sophisticated finan­
cial statements and loan requests. Looking for a n e ^
challenge.
ASKING: $22,000 Range

For Further Inform ation R egarding A n y o f These
Candidates
or to A rrange A n Interview C a ll
—

Paul Gentzkow
Placement Manager
The Banking Division
Robert Half of Minnesota, Inc.
3636 IDS Center, Minneapolis, MN 55421

ROBERT

||||T
R

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

( 612) 339-9001

IOWA BANKERS
PROBLEMS WITH YOUR
BANK’S BOND?
ARE YOUR UNDERWRITERS DEMANDS EXCESSIVE?
HA VE YOUR PREMIUMS SKYROCKETED?
We have been solving Bankers bonding problems for over
75 years . . .
AND AT THE LOWEST POSSIBLE PREMIUM!

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IOWA BANKERS
INSURANCE AND SERVICES, INC.
104 EAST LOCUST STREET
DES MOINES, IOWA 50308
1-800-532-1423 or (515) 286-4344

KANSAS BANKERS SURETY COMPANY
•


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Federal Reserve Bank of St. Louis

P.O. BOX 1654
TOPEKA, KANSAS 66601
(913) 234-2631

SOUTH DAKOTA
BA NKERS
PROBLEMS WITH YOUR
BANK’S BOND?
ARE YOUR UNDERWRITERS DEMANDS EXCESSIVE?
HA VE YOUR PREMIUMS SKYROCKETED?
Are you FORCED to write one type of insurance with a
company at a higher premium, just so they will write
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TOPEKA, KANSAS 66601
(913) 234-2631

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Federal Reserve Bank of St. Louis

OWNED BY BANKERS

SERVING BANKERS

3

F irsT ier

Correspondent Services

More o f what it takes
to serve you well.

FirsTier. B an ks
FirsTier Bank, N.A., Lincoln and FirsTier Bank, N.A., Omaha, Members FDIC

cent convention are: P resid en tRichard P. Klug, chmn. and CEO,
fF & M Bank, Menomonee Falls; Vice
President—Thomas L. Schiefelbein,
pres., The Security National Bank of
Durand; Treasurer—Jess S. Levin,
pres., Bank of Elmwood, Racine.

North Dakota News
Officers elected to serve the North
^ Dakota Bankers Association at its
recent convention are: President—
John W. Pierson, chmn., Norwest
Bank, Minot; President-Elect—
Roger Berglund, pres., Dakota
0 Western Bank, Bowman; Vice President/Treasurer—Ken Reno, pres.,
United Bank, Bismarck.

•

South Dakota News
RAPID CITY: First Bank of South
Dakota has elected Mark O. Burns
vice president, First Bank Rapid
^ City. He joined the bank in 1984 as
assistant installment loan manager.
Prior to joining First Bank, Mr.
Burns held a similar position at
Omaha National Bank for five and a
£ half years.
SIOUX FALLS: A t First Bank of
South Dakota, James J. Gartner has
been elected senior vice president
and cashier. He joined First Bank of
B South Dakota in 1985 as senior vice
president in Rapid City. Prior to
that he ws employed 17 years by the
Comptroller of the Currency, most
recently as regional director. The
B bank has also elected Daniel P. Mur­
phy vice president. He joined First
Bank of South Dakota as a tru st ad­
ministrator in 1982.

Colorado News
AURORA: William J. Farrell has
been elected president of Central
Bank of E ast Aurora. He joined
Central Bank of Denver in 1982 and
most recently served there as vice
president and manager of the indus­
trial banking department. He will
continue in this function in his new
position.
COLORADO SPRINGS: Gary J.
Roberts has been elected president
and CEO of United Bank of Colo­
rado Springs, and Thomas P.
O’Rourke has been elected the
bank’s chairman. Mr. Roberts has
been with United Banks since 1972.
He leaves his position as chairman,
president and CEO of United Bank
of Arapahoe in Denver, which he has
held since 1984. Mr. O’Rourke will
continue as chairman and CEO of
United Bank of Colorado S p rin g sEast (formerly IntraW est Bank of
Colorado Springs). He has over 30
years banking experience, all with
IntraWest. In addition to his re­
sponsibilities at both banks, Mr.
O’Rourke will become United’s re­
gional executive for its southern
region. Meanwhile, R obert G.
Baker, formerly president of United
Bank of Colorado Springs, will
become its executive vice president.
Mr. Baker came to United with the
merger of Colorado Springs Na­
tional Bank and United Bank of
Colorado Springs in 1985.
DENVER: Virginia K. Berkeley has
been elected a vice president respon­
sible for a commercial loan portfolio
of the Colorado National Bank of
Denver. She joined the bank last
year, having been associated with
the United Bank of Denver since

Lincoln • Omaha
1980. She had previously served the
National Bank of Commerce.
DENVER: R. Dennis Littlejohn has
been elected a vice president of Rocky
Mountain BankCard System, Inc., a
subsidiary of Colorado National
Bankshares, Inc. He joined Rocky
Mountain BankCard in 1975 after
five years with the Government Em­
ployees Finance Company. He is
currently the division manager of
the credit services area.

SERVING THE UPPER MIDWEST

R egency
RECRUITERS, INC.

Diane Evans

1102 Grand Avenue,
Kansas City, MO 64106
816/842-3860

“THE RIGHT FIT”
Banking Placement Specialist
For Your Staff:
□ Top Professional Bankers who are
confidentially screened to find “The
Right Fit”
□ We recruit nationally through our over
200 independent affiliates as well as
locally for our clients
□ Contingency of Retainer Fee arrange­
ments
□ Contact Sue Lundquist or Mel Hansen,
CPC Banking Specialists

.
H H iB
ELLS

Ells Personnel Systems
1129 Plymouth Building
Minneapolis, MN 55402
612-333-1131

CELEBRATING OUR 75th A N N IVERSARY
BY SERVIN G OU R BANKING CLIEN TS W ELL!


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

NEW OPPORTUNITIES
CEO—Small Iowa bank needs a seasoned professional _
with good operations, ag lending background. .To $40,000 w
JR. REAL ESTATE LENDER—Top rated group is looking
for a sharp, aggressive professional with 2 years experi­
ence and desire to move up.................................. To $24,000
COMMERCIAL LOAN— Prefer large bank training and ex­
perience for a $40mm commercial department. To $38,000
BANK AUDITOR—CPA/CIA or CBA with bank audit experi- MB
ence and supervisory skills................................... To $28,000 w
AG LOAN OFFICER—Good opportunity for a Jr. Officer to
improve career path...............................................To $23,000

Financial Careers, Inc.
Two Ruan Center/Sulte 1000, Des Moines, IA 50309
515/245-3786
Employer pays fee.

#

Please contact Lorraine Lear or Malcolm Freeland con­
cerning these and other Midwest banking opportunities.

POSITIONS AVAILABLE
EXECUTIVE V/PRESIDENT
tact Jerry Burger @ (515) 245-5608 if interested.

Estate Appraisals
Purchase o f
Collections
Sale o f Rare Coins

ONE NCR 271 PROCESSOR and 28-956 Disk Packs. Contact Ron Warford or Al Eygabroad, First Trust & Savings
Bank, Armstrong, Iowa 50514. Phone (712) 864-3250.
(FS)

Serving bankers quietly and efficiently.

Reliable and respected service
for over 20 years

CAPITAL PERSONNEL SERVICE

Used by bankers
throughout the m idw est

714 First Interstate Bank Building
Des Moines, Iowa 50309
515-283-2545

Ben E. Marlenee
Coins
913 Locust
Des Moines, Iowa 50309
515-243-8064

POSITIONS WANTED
COMML/R.E. LENDER
Head of real estate/comm’l dept over the past 6 years
supervising 8 with prior exp as a bank examiner. Detail
oriented achiever looking for #2 spot in rural bank.
$36K.
CEO
High performance mgr has been successfully running a
$20m + institution averaging a ROA of 1 + . Grew up on a
farm, college degreed. A banker who can keep community
spirits, profits and loan quality running at a peak.
$37K.

AQ/OPS
Enjoys small towns! Operations skills and insurance
licenses. Current duties include cashier duties, lending,
analyzing financial statements, cash flows and appraising
real estate.
$23K.
COMM’L LENDER
County seat banker who has supr understanding of day to
day commercial lending in rural bank. 6 years of lending
includes real estate, main street commercial and some
consumer. Ready to contribute to new team and build your
bank.
$36K.
FOR FURTHER INFORMATION CONTACT KURT ROSENCRANTS

I

317 6th Ave, Ste. 650
Des Moines, IA 50309

(515) 244-4414
ALL FEES COMPANY PAID

(FS)

Used CANON NP270 COPIER. Letter, legal size, reduction,
enlargement. $1,195.00 or best offer. West Bank (515)
277-5300._______________________________________ (FS)

SCHOOLER In
"associates

"Successful Banking is Quality Personnel"

POSITIONS AVAILABLE
VICE PRES. COMMERCIAL REAL ESTATE,
90,000,000 metro bank. 10 or more yrs. experience.
Degreed. Technical expertise in analyzing, nego­
tiating, documenting, perfecting, and dispensing.
Background in multi-family, construction, shop­
ping centers, strip centers, and subdivision...........
...$45-55,000 S&K options, ESOP, 401K, medical.
COMMERCIAL HEAD, 100,000,000 + metro. De­
greed (major univ and top honors a plus.) Forward
looking strong growth organization. Must want
higher management position. Social and civic
background must be strong. Likes business devel
opment. Trains lenders.......................................
............................ $50-55,000 -1- excellent benefits
V.P. & LOCATION MGR., #1 rated bank, strong re
spected organization. 80,000,000. Likes smal
towns. Dislikes poor credits. Good with new bus!
ness contacts. Likes teamwork concepts.........
.............. $35,000 top benefits, good future growth
PRESIDENT, 40,000,000 independent. Degreed
Complete & solid track performance in past
Small town lender in community projects. Solid
relationship with regulators.................. $50-55,000
SVP #2 OFFICER, 75mm + . Degreed. Solid bank­
ing school. Hands on operations and accounting
expertise. Solid community leader. A/L mngmnt,
long range planning, cost control, budgeting, in­
vesting. Tandem leader with bank president..........
............ $45-50,000 excellent retirement benefits,
strong town.
DON W. SCHOOLER
2508 East Meadow
Springfield, Missouri 65804
(417) 882-2265

Are you fed up with false promises? Are you management
material? Then the #2 spot in a $125mm commercial bank
within 1 hour of the twin cities might be for you. As the ex­
ecutive Vice President you will manage the entire lending(
function while assisting in the management of the opera­
tions areas. An outstanding opportunity that requires a de­
gree and 10+ years commercial lending experience. %. . .
To $65 K.
Job #NW1832.

CASHIER
Has the time come to make a major move? A profitable
holding company bank located in Eastern Montana has an I
immediate opening for a Cashier. This key management
spot will direct the entire financial & operational func­
tions. Desire a degreed professional with 2 + yrs opera­
tions exp., and ability to balance the general ledger. Hot!
To$28K.
Job #NW1867.

AG LENDER

(

Do you feel like your progress has tapered off? Take tim e'
for this major move! A profitable bank 100 miles west of
the TC’s needs a strong ag lender. Must be degreed with
1 + yrs ag lending exp. Prefer a knowledgeable ag person
that has a solid grasp of the industry. This position will be
part of the key mgmt team.
To$26K.
Job#NW1836.
FOR MORE INFORMATION
CONTACT PAUL GENTZKOW
OR JEAN TODD

m

,
'

ROBERT HALF

3636 IDS Center
® Minneapolis, MN 55402

(612) 339-9001
ALL FEES COMPANY PAID

POSITIONS AVAILABLE

•

COMML LOAN • $50MM suburban bank with excellent
growth and earnings history. Handle majority of commer­
cial credits. Report directly to President.
$38K
CEO • suburban de novo bank. Experience as CEO or COO
required. Strong commercial loan and business develop­
ment skills desired.
Open

a

LOAN REVIEW • large urban bank affiliated with major
midwestern holding company. Degree and 2-3 yrs. loan review/workout experience desired.
$30K
TRUST OFFICER • medium size community bank with
growing trust dept. JD preferred but not mandatory. $27K
COMML LOAN - $100MM community bank. Supervise com­
mercial lending function. Future advancement possible. A
$45K
Additional positions available in midwestern states
for experienced bankers.

TOM HAGAN & ASSOCIATES
2024 Swift - Box 12346
North Kansas City, MO 64116
816/474-6874

_
W

“ Serving the Banking Industry Since 1970’’

Voi. 16 No. 11 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, $24.00 per year. Second class postage paid at
Des Moines, Iowa. Address all mail subscriptions, changes of address (Form 3579), manuscripts to Northwestern Banker, 1535 Linden
Digitized forSt.,
FRASER
#201, Des Moines, Iowa 50309.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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