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iy
Des Moines, Iowa
Voi. 8 No. 47
March 17,1980
on both sides and see whether the
pendulum has swung too far toward
monopoly power for a few labor
budget, but Lyndon Johnson was unions.
vilified for a $25 billion deficit. A
• The sixth area, improvement of
balanced budget would require only productivity, is the one which could
a 5% cut in the current half-trillion bring the country to a golden age in
dollar budget. “ It can be done, and the 80s. Tax laws that penalize in
it should be done,” Mr. Rukeyser vestment in industry should be re
believes. “ There’s no free lunch and vised. Savings for investm ents
the lunch tab goes up everytime we should be encouraged. “ A t present,
don’t pay for it.”
this country’s savings rate is only
• The third area of concentration 3.3% , a national disgrace compared
should be monetary policy. “ There’s to other countries.” Productivity is
not a single human being in Wash the only real way to provide more
ington today who knows how to run jobs. “ Those who put roadblocks in
a proper money supply policy.” The the way of investment are either
Federal Reserve Board has to stop dumbbells or hypocrites.”
bouncing like a ping pong ball be
• The seventh area of concern is
tween too little and too much con government restriction on the free
trol and institute a slow, but deter market. “ It’s past time for business
mined policy to change the supply.
to stop paying lip-service to free,
• Fourth, the removal of unreal competitive enterprise and crying to
istically low interest rates for both governm ent whenever anything
savers and lending institutions is an goes wrong.” Airline deregulation
area that needs work. The present probably will go down as a conspic
system of controlled rates penalizes uous achievem ent o f the Carter
people who don’t have the sophisti administration.
cation or the cash to move through
• The eighth area on which the
the money markets for the best deal. nation must focus is energy. Con
Banks and lending institutions
servation already is working, partic
should make more money available ularly in industry. The answer must
for mortgage rates so more Ameri come on the supply side by increas
cans can afford to own their own ing dom estic energy resources,
homes.
using market incentives to avoid
• Labor is the fifth area in need of international blackmail. In solving
revam ping. Instead o f treating the energy problems “ a lot of dirty
labor-m anagem ent relations as a rats will make a very big profit,”
class war, they should be treated as
a nation united. Congress should GOLDEN DECADE . . .
(Turn to page 4, please)
take a long range look at the abuses
Predicts Golden Decade for America
A
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i t T HE next ten years can be a
■ golden decade for the U nited
S tates, if the
politician s and
the people start
w orking on in
flation problems
n o w .” So pre
d ic t e d L o u is
Rukeyser, host
of te le v is io n ’ s
“ W a ll S t r e e t
W eek,” at Cent
L. RUKEYSER
ral Bank of Den
ver’s financial seminar recently.
Speaking to an audience of
approximately 550 people from the
private sector and the financial com
munity, Mr. Rukeyser outlined 10
ways to reach his predicted golden
decade and put an end to our current
inflation woes.
• The first, he says, is public edu
cation, a remedy to the economic
illiteracy that affects the country.
The people who elect representa
tives should gather behind a non
partisan program o f econom ic
sense. “ We need to put an end to
W a sh in g ton ’ s n on -stop amateur
night with the American economy.”
• The second area the country
must concentrate on is the budget
under which the government spends
more than it takes in. Through the
press, the nation has been told the
current budget, projecting a $29
billion deficit, is a lean and austere
For availability of funds, knowledgeable people and
professional service, call our correspondent bank department.
TOLL FREE 1-800-362-1615
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LOCUST AT 6TH/DES MOINES, IA 50309 MEMBER FDIC
AFFILIATED WITH CENTRAL NATIONAL BANCSHARES, INC.
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M NATIONAL BANK
An A ffilia te o f N o rth w e s t B a n c o rp o ra tio n
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Iowa News
The following Iowa banks have
increased their amount of common
capital by a stock dividend: Alton
Savings Bank, $105,000 to
$210,000; A rlin gton State Bank,
$75,000 to $150,000; Farmers Sav
ings Bank, H albur, $60,000 to
$120,000; Hills Bank & Trust Com
pany, $840,000 to $1,680,000;
American Trust & Savings Bank,
Low den, $150,000 to $300,000;
Lytton Savings Bank, $50,000 to
$150,000; Moorhead State Bank,
$60,000 to $120,000; Henry County
Savings Bank, M t. P leasant,
$400,000 to $1 million; Mt. Vernon
Bank & T rust C o., $200,000 to
$400,000; Onawa State Bank,
$300,000 to $900,000; Readlyn Sav
ings Bank, $50,000 to $150,000, and
Wall Lake Savings Bank, $75,000 to
$750,000.
GLIDDEN: Glidden First National
Holding Company has received con
sent from the Federal Reserve Sys
tem to become a bank holding com
pany by acquiring the First Nation
al Bank here.
to m ake M N B
w ork for you.
Toll free
1- 800 - 332-5991
INDIANOLA: Peoples Trust and
Savings Bank has received consent
from the state department of bank
ing to establish an in-town bank
office at the West Roads Shopping
Center.
N EVADA: Robert H. Lembke has
joined the Nevada National Bank as
vice president. He will handle agri
cultural and commercial loans. He
was previou sly w ith the T ipton
State Bank and Citizens State
Bank, Postville.
TINGLEY: The Tingley State Sav
ings Bank has applied for consent
from the state department of bank
ing to relocate its charter to Mount
A y r and establish an office in
Tingley.
W E A V E R : H arvey L. R obinson
has been appointed cashier and
trust officer at the Farmers Savings
Bank. He succeeds Edson P. Cornick who has retired from the chief
execu tive officer p osition . Mr.
Robinson joined the bank in 1977.
Nebraska News
Merchants
National Bank 151
Member F.D.I.C.
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Federal Reserve Bank of St. Louis
A 'BANKS OF IOWA’ BANK
come
wfthus
Bankers Thist
Des Moines, Iowa 50304
HUMBOLDT: Richard J. Fiddelke
has joined the Humboldt Trust &
Savings Bank as cashier. He was
formerly cashier of the First Na
tional Bank, Paullina.
SIOUX CITY: Valley State Bank
has received consent from the state
department of banking to open an
in-town bank office at the Southern
Hills Mall.
ASK
TERRY MARTIN
fö h n
M u r a n o :
DAVID CITY: Ronald A. Bertucci
has joined the First National Bank
here as senior vice president. He
formerly served as vice president of
the First State Bank, Shelton, for
the past four years.
O M A H A : The annual E xecu tive
Night of the Mid Plains Group of the
N ational A ssocia tio n o f Bank
Women will be held at the Happy
Hollow Country Club March 25 with
a reception at 6 p.m. and dinner at 7
p.m. Featured speaker will be B.
LaRae Orullian, president and chief
executive officer of The Women’s
Bank of Denver, Colo.
PALMER: Randy Helgren has join
ed the State Bank of Palmer as
executive vice president and
cashier, replacing Jim Thede who
has resigned after serving as cashier
for 14 years. Mr. Helgren was form
erly cashier of the First National
Bank, Osceola.
NEBRASKA NEWS . . .
(Turn to page 4, please)
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For up-to-the-minute,
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{K Ì C o m m e r c e Ba n k
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Tony Paugoulatos
John Henderson
Rusty Reese
Asst. Vice President
234-2647
Vice President
234-2463
Sales Representative
234-2674
Member FDIC
Announce I BAA Officers at
50th Anniversary Convention
Thomas F. Bolger stepped up
from first vice president to president
of the Independent Bankers Associ
ation of America at the group's 50th
anniversary con ven tion in San
Francisco last week. Mr. Bolger,
president and chief executive officer
of the McHenry (111.) State Bank,
succeeds Raymond D. Campbell,
president of the Oberlin (Ohio) Sav
ings Bank.
Second V ice President W . C.
Bennett, chief executive officer of
the A rth ur State Bank, U nion,
S .C ., has been named first vice pres
ident. Tapped as second vice presi
dent was Robert L. McCormick Jr.,
president and chief executive officer
of The Stillwater (Okla.) National
Bank & Trust Company.
Robert H. Fearon Jr., president
of the Oneida Valley National Bank,
O neida, N .Y ., continues as the
association’s treasurer, and Howard
Bell is the executive director.
A record 2,500 men and women
attended the golden anniversary
convention at the San Francisco
Hilton March 9-12.
The IB A A adopted a form al
resolution protesting the granting
of extended powers to thrift institu
tions while not immediately elimi
nating the interest rate differential
and sent a copy of the resolution to
the Senate and House Conference
Committee in Washington.
• The tenth area is directed to
ward the individual who must seek
protection from inflation. The in
dividual must demand that mon
etary presses be slowed and the tax
system indexed to discourage
government taxation policy which
“ makes government the principal
beneficiary of its own villainy. ”
□
GOLDEN DECADE . . .
(Continued from front page)
Mr. Rukeyser said. “ I hope they are
not just obscene, but downright
pornographic.”
• Foreign policy is the ninth area
which deserves a concentration of
effort. It should be based on domes
tic interests such as agricultural and
computer technology and foreign
trade. A t present, the administrat
ion is wasting time on a fruitless
effort to make friends of enemies
while making enemies of friends.”
WISNER: Steve Darling has been
prom oted to vice president and
cashier of the First National Bank
here.
Promote yourself to the head
of the route list. . .
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N EBRASKA NEWS . . .
(Continued from page 2)
Most I BA Members
Say ‘No’ to Branching
Illinois bankers again show little
or no interest in branching, accord
ing to Gavin Weir, president of the
Illin ois Bankers A ssocia tion and
chairman and president, Chicago
City Bank and Trust Company.
A survey mailed to all member
5
CALL ON THE “PERFORMANCE TEAM”
■#
where comm on transactions are handled uncom m only well.
FIRST NATIONAL LINCOLN
êK
13th & M Street • Lincoln, Nebraska 68501 • Member, F.D.I.C.
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banks earlier this year was returned
by 728 (71.5%) of the IB A ’s 1,017
members. There are approximately
1,300 banks in Illinois.
On the issue of branch banking,
547 respondents opposed a change
in structure, while 177 favored some
form of branching.
“ With a 3-1 vote to maintain the
present structure of unit banking in
Illinois and, even though a branch
ing bill is pending, there is little like
lihood that a branching bill will be
passed in the near future, ’ ’ Mr. Weir
said.
“ The focus in Springfield now is
on multi-bank holding companies,
as opposed to the one-bank holding
com panies which are perm itted
under present Illinois law. The re
sults of our survey show that 498
(68.4%) of our members responding
oppose permitting MBHCs, while
225 (30.9%) favor some form of
MBHC legislation. The results indi
cate that bankers feel they can con
tinue to provide service to the con
sumers in their own communities
more effectively under the unit
banking system.
“ The results further dem on
strate,” Mr. Weir added, “ that our
bankers are satisfied with the
present law that permits banks to
maintain up to two limited service
facilities separate from the main
b a n k .” F u ll-service banking at
*
r
n
facilities was turned down by IB A
members 476-222.
Illinois News
CHICAGO: Rudolph G. Schoppe
has joined Capitol Bank of Chicago
as vice president and senior trust
adm inistrator. He w ill head the
bank’s complete trust department.
Most recently he was an assistant
vice president and trust officer with
N orthw est N ational Bank o f
Chicago.
3
ORTONVILLE: Ronald A . Arndt
has been elected president and chief
executive officer of the.Northwest
ern State Bank of Ortonville suc
ceeding Elwood A. Throndrud who
was elected chairman of the board.
Mr . Arndt formerly served as senior
vice president of the Northwestern
National Bank of Litchfield. Mr.
Throndrud had been president of the
Ortonville bank since 1957.
Minnesota News
LONG LAKE: The State Bank of
Long Lake is under new ownership
and management as a result of a sale
of the majority stock by William
Bartig to the Tysan Corp., Minne
apolis. Albert Tychman was elected
chairman of the board, and David
M. Sanders was named vice presi
dent and a director. Both men are
principals of the Tysan Corp. Rod
ger Bense was elected president,
chief execu tive officer and a
director. He was formerly executive
vice president of the First National
Bank of Long Prairie.
MINNEAPOLIS: The Farmers &
Mechanics Savings Bank of Minne
apolis has announced four promot
io n s —John H auschild from vice
president and treasurer to executive
vice president; Harvey L. Mild and
Mayer S. Tapper from vice presi
dent to senior vice president, and
Donald L. Smith from assistant
treasurer to treasurer.
MONTICELLO: Monticello Bancshares, Inc. has. received consent
from the Federal Reserve Bank of
Minnapolis to become a bank hold-
%
ing com pany b y acquiring the
Wright County State Bank here.
i
Colorado News
DENVER: Gary J. DeFrange has
been elected a vice president of First
National Bancorporation, Inc. here.
He is the director of manpower plan
ning and employment. Three staff
members were named assistant vice
presidents, FellH. Stubbs, H. Allen
Rheem Jr. and Linda Sanders.
Montana news
B IL L IN G S : F irst Bank (N .A .)B illings has filed for perm ission
from the regional administrator of
national banks to locate CBCT units
at two Billings grocery stores.
South Dakota News
ABERDEEN: C. Fred Mateer has
been named vice president of human
resources for the F irst N ational
Bank of Aberdeen and its branches.
He was form erly assistant vice
president and manager o f the
personnel departm ent. V iola Fosheim was named assistant man
ager of the B ristol branch. She
joined the bank in 1956.
We’re Committed.
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UNITED MISSOURI BANK
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SECURITY NATIONAL BANK
H r im M
I l 'l i l l i l
S I O U X C I T Y , I O W A 51 1 0 1
M E M B E R F .D .I .C .
©
1979 SN B
6
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PARTIAL LIST OF
AVAILABLE POSITIONS
Banking, Financial & Business Personnel
Iowa and Nationwide
COM M ERCIAL— Large Iowa bank wants a commercial
loan officer. $35,000
CAPITAL PERSONNEL SERVICE
AG LENDER— Handle ag lending for m ulti-unit bank
system. $23,000
714 Central National Bldg. 515-283-2545
Des Moines, Iowa 50309
TRUST O FFICER— W ill set up new department for ex
panding bank. JD a must. $26,000
i
P.O. Box1313, Omaha, Nebraska68101
l
Phone: (402)553-6400
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North Dakota News
C A R R IN G T O N : The Farmers
State Bank of Heaton has filed an
application with the state banking
board to move its headquarters to
Carrington, and to establish paying
and receiving stations at Heaton
and McHenry. A- hearing on the
application will be held March 25.
Leonard Opp, president of Farmers
State, said plans to move the head
quarters began after the closing of
Carrington’s First National Bank
on February 12.
W ANT ADS
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number advertisers cannot be revealed.
Payment in advance, please.
NORTHWESTERN BANKER
306-15th St., Des Moines, Iowa 50309
___
SERVING PROFESSIONALLY
POSITION W ANTED
Banking graduates from Iowa Central Community
College, Fort Dodge, IA. Course work includes: AIB
and other courses pertinent to banking plus a summer
on-the-job training session in a bank. Students earn
67 semester hours which leads to an associate of
applied science degree. Contact the Placement Office
or Forrest B. Johnson, Banking Coordinator, Iowa
Central Community College, 330 Ave. “M”, Fort
Dodge, IA 50501. Phone (515)576-7201._________ (PW)
BANKING POSITION WANTED— Experience as loan
officer for finance company and insurance sales.
Business and economics degree. W ill relocate. Write
fileJB V, c /o Northwestern Banker.__________
(PW)
SPECIAL SERVICES
C o n fid e n tia l and pro fe s sio n a l services fo r sales,
acquisitions, and financing of banks and bank holding
companies. W e are experienced in all aspects of bank
ownership including mergers, acquisitions, bank
holding companies and negotiations with the regu
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Garfield, S uite4, Sioux Falls, S.D. 57104. Phone area
code (605)338-1241._______________________________
Sale of Rare Coins
Reliable and respected service
for over 20 years
Auditor— Bank in a prime Wyoming community seeks
an experienced auditor. Should be qualified by a
degree in accounting and two years of audit experi
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with qualifications. W e are an equal opportunity
employer. Write file JBY, c /o Northwestern Bank
e r ___________________________________________(PA)
CEO position open in $10 million Iowa bank. Will
consider person who is in second position now.
C o n ta c t M a lc o lm F re ela n d , c /o N o rth w e s tern
Banker.______________________________________ (PA)
Operations person, with knowledge of compliance
and regulations, needed by $17 million eastern Iowa
bank. Lending experience helpful. Some stock avail
able. Contact Malcolm Freeland, c /o Northwestern
Banker.__________________________
(PA)
Ag Lender with a maximum of three years experience
needed by progressive community bank in midwest.
Excellent opportunity and benefits. Write or call
Malcolm Freeland, cl o Northwestern Banker.
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Operations. Supervisory position in large Iowa bank.
Accounting and bank operations experience needed.
P o te n tial fo r advancem ent fo r aggressive and
prospect oriented person. Salary commensurate with
education and experience. Write to file JBO, c /o
Northwestern Banker._________________________ (PA)
Experienced individual to perform credit analysis and
loan maintenance function; no lending involved. Must
be able to assume ful I responsibility. Prior experience
as a lending officer or bank examiner ideal. Growth
oriented. Eastern North Dakota bank. Write file JBT,
c /o Northwestern Banker.
(PA)
AG BANKING CAREERS
AG LENDING OFFICER. . . SE Minn.
. . $16-$20,000
AG LENDING OFFICER. . .N W III............ $18-$22,000
AG CREDIT REP. . .M e m p h is ................. $18-$22,000
AG CREDIT SUPERVISOR. . .Denver
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Since 1968, banks and other ag related employers
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For m ore in fo rm a tio n , give L in d a — our banking
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(515)394-3145
Used by bankers
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913 Locust
Des Moines, Iowa 50309
515-243-8064
TRUST— South Dakota bank wants solid person that
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E .V .P .— Great opportunity in small bank. Work in
commercial. Some ag experience a plus. Equity po
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have total responsibility. $30,000
AG OFFICER— West Iowa bank has good opportunity.
Livestock experience needed. $20,000
FOR FURTHER INFORMATION
RESPOND IN CONFIDENCE TO:
Consumer Loan Officer for $40 million bank. Two to
five years experience, must have farm lending ability.
Write file JBS, c /o Northwestern Banker.________(PA)
BANKING & INSURANCE. . .I o w a .........$14-$18,000
Purchase of Collections
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AG LENDING OFFICER (2). . .N lo w a . . $15-$20,000
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New Hampton, IA 50659
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Banks For Sale— Southern and southwest Minnesota;
$4 million in footings each. Good management; Insur
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Savings & Loan For Sale— Northern Kansas. State
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footings. W rite file JBX, c /o Northwestern Bank
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O n e1 1 ’x26’ double drive-in unit with walk-in lobby.
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Burroughs TC-750 posting machine. Call Mr. Deal at
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Automated Systems of Iowa, Inc.
301 N. Ankeny Blvd., Suite 220
Ankeny, la 50021
515-964-1358
’¡À?
A
INSURANCE AGENT— Opportunity to run new
agency in Rocky Mountain area. Must
be fu lly lic e n s e d ...................................
Open
BANK CARD— Supervise collection effort for
major Colorado bank. Administration
and knowledge of federal regulations
essential...................................................... $25,000
CEO— Overall management ability with em
ph asis on lend ing s k ills req uired.
$75MM suburban bank..............................$60,000
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PRESIDENT—325MM retail oriented bank in
southern Kansas desires strong admin
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lending background.................................. $40,000
INSTALMENT LOAN— One to two years lend
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A
RETAIL BANKER— Major Colorado bank offers
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AG LOAN— Addition to staff of expanding
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Forward resume and salary history in confidence to:
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BANKERS PARTICIPATING
Des Moines. Io w a 50312
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REAL ESTATE— Junior officer with one to two
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P.O. Box 12346 / 2024 Swift
North Kansas City, Mo. 64116
__________________ (816)474-6874_________________
Voi. 8 No. 47 Northwestern Banker Newsletter [USPS 873-300] is published weekly by the Northwestern Banker Company, 306
Fifteenth Street, Des Moines, Iowa 50309. Subscriptions 25 cents per copy, $8.00 per year. Second class postage paid at Des Moines,
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Iowa. Address all mail subscriptions, changes of address fForm 35791. manuscriots. mail items to shove address. Federal Reserve Bank of St. Louis
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