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Vol. 13 No. 48 Des Moines, Iowa Iowa News ITS, Inc., announced last week that it has selected Diebold, Inc. to provide equipment and software to be used in ITS’ first automated fuel pump pilot. It will be operational on approximately October 1, 1985, at the Colonial Am oco service station at 1-235 and 35th St. in West Des Moines. United Central Bank of Des Moines is the retailer’s sponsoring financial institution. Dale A. Dooley, president and CEO of ITS, Inc., said, “ This parti cular station was chosen because it has 20 fuel hoses, deals in both fulland self-service and includes repairs, service and convenience store item sales. Besides meeting these criter ia, the Colonial Am oco is in a highly visible location right off of 1-235 and is open 24 hours a day.” * * * Security National Bank, Sioux City, has announced that the Eighth Annual Security Financial Seminar, featuring Joan Lunden, Co-Host of A B C ’s Good Morning America, will be held on Thursday evening, April 4, at the Marina Inn in South Sioux City, Neb. This year’s Security Financial Seminar “ Money, Prosperity, Suc cess” promises to be one o f the very best ever. Three nationally known speakers will introduce a variety of proven strategies for acquiring money, prosperity and success. Since Joan Lunden joined Good Morning America, as Co-Host in 1980, she has become one of the most visible women in the country while interviewing national and in ternational newsmakers, personali ties, and medical and legal experts. Financial speakers for the event will be Seth and Marilyn Manning, who will share strategies for expand ing attitudes concerning money and prosperity. Seth Manning is a certi fied financial planner, while Marilyn holds a PhD in psychology and is a consultant to major companies in the United States. Each presentation will include a question and answer period. Security Financial Counselors will also be available before and after the presentations to inform participants about IRAs, investments, security plus, trust services, and a variety of financial services. A reception will be held on the ter race following the program. Tickets are available by calling (712) 277-6731, or writing to Security Fi nancial Seminar, Security National Bank, P.O. B ox 147, Sioux City, Iowa 51101. Tickets are $17.50 in advance per person, or $ 20.00 at the door. * * * Central Iowa Chapter of Bank Administration Institute will hold its next meeting on March 21 at the Des Moines Golf and Country Club, March 18,1985 West Des Moines. Speaker for the evening is Paul Dunlap, Hawkeye Bancorporation, whose topic will be Financial Supermarket. Social hour will begin at 5:30 p.m. with dinner at 6:30 and the meeting at 7:30. Cost per person is $15. Make reservations through Tom Quinlin, Norwest Bank Des Moines, N.A. AFTON: The Commercial State Bank was closed March 8 by the Iowa superintendent o f banking and turned over to the FDIC as receiver. A newly-chartered state bank, Citi zens Savings Bank, opened in Afton Monday, March 11, and assumed all of the $15.3 million in deposits in 3,700 accounts that Commercial State held when it was declared in solvent. The branch at Lorimer also continues to be operated by the new bank. The CSB Bancorporation was formed to own the new Citizens Sav ings Bank. Its investors include William Krause and A.C. Benton of Hampton; J. Wilson Persinger, president of Wilson Trailer Co., Sioux City; Richard Wickert, presi dent, Taylor-Martin Auction Co., Fremont, Nebr., and Neal Conover, chairman, First National Bank, Creston. They paid FDIC a premium of $107,700. Mr. Krause is chairman of the new bank and Mr. Conover is president. DUBUQUE: A t Dubuque Bank and Trust Company, Allen C. Sampson has been appointed vice president, ASK JOHN MANGOLD to make MNB work for you. Toll free: 1-800-332-5991 Merchants National Bank i: i Member F.D.I.C. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A BANKS OF IOWA BANK marketing, and Nelson P. Klavitter has been named vice president operations/cashier. Mr. Sampson has been with the bank since 1974. Mr. Klavitter joined the bank in 1973. promoted to cashier. Marvin Zaiger, formerly with the Atlantic PCA, has been hired as vice president and farm loan representative to replace Paul R. Dorr, who has resigned. Russel Glade, a local farm operator, EDGEWOOD: A t its recent annual has been hired as assistant vice meeting, the Community Savings president. Bank announced the promotions of Steven A. Brady, formerly vice pres POCAHONTAS: Rod Amlie, presi ident and cashier, to senior vice dent o f Commercial State Bank, has president and to the board; Tim announced the addition o f Michael Brown, assistant vice president, to F. Newland, vice president, and vice president and agricultural loan John C. Smith, loan officer/agency officer, and Jacqueline Johnson, as manager. In addition, promoted sistant cashier, to cashier and data were Arlene H. Swendsen to cashier and assistant trust officer, and Terri processing coordinator. Stover to loan officer. M IT C H E L L V IL L E : A. Em sley Chittenden, who has served in Iowa Nebraska News banks for 30 years passed away in Mesa, Ariz., on January 25. Mr. The Nebraska Legislature on Chittenden had served as chairman March 5 passed with emergency o f Farmers Savings Bank of Mit- clause LB 295E which permits Neb chellville from 1961 until his death. raska banks to branch throughout He also served as president and the state by acquisition of existing chairman of the Exchange State banks. Previously, banks could have Bank of Collins from 1955 to 1981. a branch in another town only if as His son, Robert E. Chittenden, was suming deposits o f a failed institu given the additional position of tion. The bill also increases from 9% chairman. He has been with the to 11% the amount of deposits a bank since 1968 and has served as multi-bank holding company may president since 1981. own of the total deposits of all banks OCHEYEDAN: Steve J. Spengler, and S&Ls in Nebraska. The bill was president and chairman o f the passed 33-13, was signed immediate Ocheyedan Savings Bank, has pur ly by the Governor and is effective chased all of the outstanding shares immediately with the emergency of Ocheyedan Bancorporation, par clause. * * * ent company of the bank. Marcella Hembd, assistant cashier, has been Four economists from the Federal Peter DeRosier... Our newest correspondent banking professional H. PETER DEROSIER Vice President Valley National Bank in DES MOINES, IOWA 50304 Member FDIC A BANKS OF IOWA BANK Call to ll free (800) 622-7262 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis president and economic advisor; Dr. Bryon Higgins, vice president and economist; Dr. Mark Drabenstott, senior economist, and Dr. William Keeton, senior economist — will dis cuss the regional and national eco nomy, as well as monetary policy issues and state banking develop ments, during the Kansas City Fed’s series o f Economic Forums. The schedule for the Nebraska forums is: April 9 in Grand Island; April 10 in North Platte; April 11 in Scottsbluff; April 16 in Lincoln; April 17 in Norfolk, and April 18 in Omaha. ALM A: Charles Hickey has been named executive vice president of Harlan County Bank. He has served the past eight years in the same post F IN A N C IA L P L A C E M E N T S a division of BANK NEWS Call Larry Vohs 816 / 421-7941 Job Openings VP # 2 AG OFFICER — Iowa, 5-10 exp., $36,000 AG OFFICER/COM’L — strong feedlot, $ Open VP CORRESPONDENT — Oklahoma, Accts/Sales, $40,000’s VP CORRESPONDENT — Illinois, 12 states + MO/KS, $45,000+ VP AG OFFICER— Nebraska, 5-10 exp., $36,000 INTERNAL AUD — Illinois, BS/Acct, $30,000 VP AG/COM’L LOAN — Nebraska, $30,000 VP AG OFFICER — for three banks, Nebraska, $24,000 INS OFFICER — Oversee two bank agency, $19,000 VP AG OFFICER — Iowa, possible # 2 position, $50,000 If you are interested in a career move, mail your resume in strict confi dence to FINANCIAL PLACEMENTS, P.O. Box 13786, K.C., Mo. 64199, or call 816-421-7941. Supplement to Northwestern Banker Newsletter 3-18-85 This north-central Iowa bank is located In a town of 7,000 and in July of 1984 hired its ag loan officer with the help of a personnel service designed especially to meet the needs of rural banks. • £ % • ^ ^ 9 # Iowa Bank President: “ E xactly the Person W e W a n te d !” Ray Hewitt, President of Clear Lake (Iowa) Bank and Trust Company, employed his ag loan officer through AGRIcareers. “ Roger Walston has the specific qualifications I was looking for,” says Hewitt. “The process was very effi cient for me.” —Ray Hewitt, Pres. Clear Lake Bank and Trust Company Clear Lake, Iowa The independently-owned bank has $60 million in assets and is lo cated in a small community where farming is the major industry. Hewitt wanted an ag-educated banker with a depth o f training and ag lending experience in a large bank system. Walston, now a Vice President at the bank, grew up on a farm and worked in ag lending six years at a holding-company bank in western Iowa. He has a master’s degree from Iowa State University. reers that I interviewed in person, and within a short time he was here. The process was very efficient for me.” Asked how things are working out, Hewitt responded, “ Excellent! Roger is a real gentleman. And he didn’t arrive with any hidden skele tons in his closet. “ He and his wife and children have fit into the community beauti fully.” W alston himself compliments AGRIcareers on the way his avail ability was handled. “ They kept in touch, and kept my name confiden tial until I released them to submit it to a specific potential employer. That was important to me.” He feels his major skills are work ing one-on-one with farmers and others in a banking situation. Also, he is enjoying learning the value of microcomputers in evaluating loan files. “ Mainly, though, I ’m a people person! ’ ’ says Walston. i CARERS, INC. BANKING PERSONNEL SPECIAUS1S (7 12 )7 7 9-3 7 4 4 M A S S E N A , IA 50853 (515 )3 9 4-3 1 4 5 N EW H A M P T O N , IA 50659 “He didn’t arrive with any hidden skeletons in his closet.” Ray Hewitt Prior to entering banking he was the county extension director in Adair County, Iowa. “ They sent several resumes, and eventually recommended Roger. He was the only person from AG RIca https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Ray Hewitt, right, President of Clear Lake Bank and Trust Company employed Roger W al ston, left, as Vice President and ag loan officer. Referred by AGRIcareers, Walston fit the bank’s needs especially well, says Hewitt. POSITIONS AVAILABLE AG BANKERS AVAILABLE Confidential. Fee paid by employer. Personnel Specialists Serving America’s Ag Banks If you are interested in advancing your banking career, we will keep you informed of opportunities available and MAINTAIN THE CONFIDENCE YOU DEMAND. We do not use other recruiting 'networks' and no contacts are made on your behalf without your prior knowledge and consent. Our Ag Banking Specialists serve you individually, dis creetly, and professionally. NL-1 EVP/CEO—Stable work record; with current employer for ten years. Started as loan officer, now Senior VP. In volved with all areas of lending (emphasis in ag), invest ments, budgeting, operations and insurance for a $25MM + -i- bank. Receives excellent performance ratings from current employer. Bachelor’s degree. Married. Age: 38. $45,000 + . Call Linda. NL-2 AQ/COMMERCIAL LENDER—Ag lender who wants ! to expand his horizons to include other areas of lending. Offers one-and-one-half years with PCA with $4MM in loans, an aggressive personality and willingness to learn. Reference says, "Good performer, solid individual, self motivator, has a good grasp on ag credit and he’s fun to be around.” ISU grad in Ag Business. Engaged. Age: 26. Lives IA. $25-27,000. Call Linda. NL-3 AG/COMMERCIAL LENER— Eight years with major holding company which includes ag, commercial, real estate and installment lending along with operational duties. Highly recommended. Analytical and documenta tion skills. B.S. Ag. Married. Age: 32. Lives MN. $30,000 + + . Call Linda. ND-4 AG LOAN OFFICER—Strong ag background which includes farming (crops, hogs, and cattle) and three years bank experience in operations with small rural Nebraska bank. Responsibilities include, loan documentation, profit and loss statements, cash flows, computer input, farm calls. Reference says, “Works very well with others, re lates very well to the farmer. Excellent with detail.” B.S. Agronomy. Married. Age: 29. Lives NE. $15-17,000. Call Jean. ND-5 AG CREDIT I— Has five years experience with pro duction credit systems, managing $4MM loan portfolio. Reference says, “Good manager, good public relations skills, effective communicator, very innovative, has done excellent job coordinating insurance program.” Married. Age: 32. Lives NE. $35,000. Call Jean. ND-6 AG LOAN OFFICER— Has nine years bank and PCA experience. Sharp, well spoken candidate with super atti tude! Strengths include public relations, new business development, analysis, and cash flows. Reference says, “Very well liked, community oriented, good rapport with farmers. I’d hire him here if I had room.” BS AgBus. Mar ried. Age: 32. Lives IA. $30,000. Call Jean. NJ-7 AG LENDER—A real PROBLEM SOLVER! Currently handling large number of PCA’s problem loans. FmHA Co. Supr. for 10 yrs., past 3 with PCA. Has been thru both ex tremes of ag lending; the liberal practices of several yrs. ago and the conservative, clean-up phase of today; has adapted to and learned from both. References say, “has successfully reduced loan problems, and helped farmers gain business sense as well”...“able to waltz thru FmHA’s forms & regulations and get a loan put thru fast”...“offers practical solutions to loan problems.” Good attitude and down-to-earth personality. B.S. Ag, married, age 35. S. IA or N. MO location. $33,000. Call Jean. NL-8 BANK LOAN OFFICER—Close to two years with FmHA as assistant county supervisor responsible for writ ing and servicing ag and rural housing loans in a three county area. Well recommended. B.S. Ag Business. Mar ried. Age: 26. Lives IA. $25,000. Call Linda. NL-9 INSURANCE AGENCY MANAGER— Insurance agent who is involved in managing, servicing and new business development for a $800,000 gross volume insurance agency the past four years. Reference says, “I would recommend him because he made the insurance agency very profit able for me.” 3 yrs. college. Married. Age: 28. Lives IA. $22-24,000. Call Linda. NL-10 AG LENDER— Extremely sharp ag lender offers close to one year with FLB. Very knowledgeable in agricul ture. Self motivator. Supervisor says, “Good credit apti tude... fast pace achiever...he’s got a lot of potential.” B.A. Finance. Single. Lives IA. $21,000. Call Linda. NL-11 AG LOAN OFFICER— Reference says, “Very quali fied cash flow lender.” This ag banker’s long-term goal is to be the BEST ag lender possible. Offers three years with PCA and currently ag officer in charge of $19MM ag loan dept, and staff of two loan officers. B.S. Ag. Married. Age: 36. Lives Wl. $30,000. Call Linda. NL-12 AG LENDER— Highly capable ag lender who offers seven years ag credit expertise (six with FLB and one with a finance company). Self starter. Seeking banking career for more broaden exposure to lending field. B.S. Ag. Mar ried. Age: 29. Lives IL. Call Linda. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Our reputation of maintaining our candidates’ confidentiali ty enables us to attract a SE LECT group of ag bankers and lenders...those currently employed and not actively job hunting or flooding the mar ket with their resumes, but ready to make a move for the right opportunity. Therefore, when you describe your needs to us, we contact our candidates who fit your de scription to discuss the posi tion and location to ascertain their interest before disclos ing their names or sending you their resumes. This not only protects our candidates identity, but saves you time... when we submit a person for your consideration, you’ll know he or she has an inter est in your bank, community and salary range. Let us know your needs without commit ment; we won’t ‘hound’ you with phone calls or ‘flood’ you with resumes, and there is no fee unless you hire. We serve as the source to locate candi dates who meet your qualifi cations and are interested in your position. We are avail able to assist, not ‘insist’. We allow and encourage your direct contact with our can didates. YOU make the choice and decision without pressure. N-1 VP (#2)—$20MM with very clean loans, nice location (10,000 population) in N. IA. Requires 5 or more yrs. bank or PCA experience, strong documentation skills, good judge of credit risks, ability to say ‘no’, but able to develop business. $35,000. VP (#2)—$25MM (large holding co.) bank with $10 + MM in loans. Needs steady, persistent individual with 5-7 yrs. PCA or FmHA, strong cash flow, collections, & work out experience. Real Estate & commercial lending exper. help ful. Excellent growth opportunity. $35,000. N-3 AG LOAN OFFICER—$100MM bank in NE seeks sharp individual with 2-5 yrs. PCA or FLB exper. to work in $30MM ag dept, with 2 other officers. Good location in W. NE. $35,000. N-4 AG LOAN OFFICER—$40MM independent bank in western half of NE with $15MM ag portfolio needs person with 2-7 yrs. ag lending exper. from bank, PCA, FmHA or FLB. Looking for someone with outgoing personality, with good growth potential, and desire to put down roots in this friendly and progressive community. A strong bank with few problem loans and nice work environment. $20-$34,000 (D.O.E.) N-5VP-EVP—Small but very solid bank in excellent N.E. IA area offers great opportunity to work up to president posi tion within 2-3 yrs. Requires 3 or more yrs. ag lending ex per. (prefer bank or PCA) with top documentation skills, sound credit judgement, and an aggressive (but not over bearing) attitude. $25-$30,000. N-6 AG LOAN OFFCER—$50MM Eastern Iowa bank near metro area requires experienced ag lender with strong ag credit skills (3-4 years bank or PCA) prefers PCA. Must be a “ number cruncher.” $28-32,000. N-7 EVP—Opportunity to take over bank management. $17MM bank, primarily ag, in good shape. Must be good with documentation, know FmHA procedures, work well with public. $30,000 plus. N-8 AG LOAN OFFICER—Seeking #3 person for Western Iowa bank near metro area. Two to five years lending ex perience is required. Must have good documentation and cash flow skills and have problem loan experience, to $30,000. N-9 AG LENDER—#2 in $50MM bank, with $25MM loan portfolio ($10MM ag) must have strong ability to work with and reduce problem loans, good documentation skills, and cash flow experience. Two to five years bank or PCA experience is required. $25,000. N-10 VP—$30MM bank wants to hire Senior Loan Officer to be in charge of total loan portf. ($15MM) with emphasis in ag. Build loans but maintain loan discipline. 15-20 years bank lending expr. in “ com m unity” bank. MN. $31-37,000+ + + . N-11 SR. VP—$12MM bank seeking full-time senior ag lender. $3MM ag portf. with loans in good shape. 5 or more years of ag credit expr. Aggressive, personable and com munity minded. MN. $30,000. N-12 SR. LOAN OFF.—$45MM + ag bank located in north ern MO needs senior lender with strong documentation skills to be in charge of $26MM loan case. Requires bank exper. with management abilities. Up to $40,000 + . N-13 #3—Strictly ag loans for a $30MM ag bank. Will con sider 2-5 yrs. in bank, PCA or FMA. Needs good documen tation and problem loan expr. IA. $20-25,000. Ag Banking Personnel Specialists Let us help with your staffing needs or career ad vancement. Employers pay our modest fee to hire the best. Our clients depend on us for QUALITY. Our candidates depend on us for CONFIDENTIALITY. Linda 515/394-5827 New Hampton, la. 50659 I Jean 515/263-9598 (W/F) 712/779-3567 (M/T/TH) Massena, Iowa 50853 S I CAREERS, INC. A G B A N K IN G P ER SO N N EL SPECIALISTS N-14 CEO—Well capitalized Illinois ag bank has #2 spot position which will lead to CEO very rapidly in short period of time. Must be an accomplished ag lender, good working knowledge or operations and other loan duties. Strong documentation skills needed. Ten or more years of bank expr. $40-45,000. N-15 SR. COMMERCIAL LOAN OFFICER—To specialize in loans to cattle feeders. Will take charge of $40MM loan portf. for major bank holding co. in So. CA. Must have 5-7 yrs. current bank lending expr. handling similar portf. of loans to cattle feeders. Need solid skills in credit analysis, problem solving, written and oral communication. Good mgt. potential. Salary to $45,000 + full benefits. N-16 JR. AG LENDER—Strong Illinois ag bank ($17MM with $100MM in loans) is looking for an aggressive ag lender to market and service existing accounts and ag loans. 1-3 yrs. min. ag banking expr. Good on documenta tion, new business dev. and marketing skills. 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Rates vary from county to county. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Supplement to Northwestern Banker Newsletter 3-18-85 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Send Your News Today to the NORTHWESTERN BANKER TELL US ABOUT. . . 306 Fifteenth Street DES MOINES, IOWA 50309 Staff Changes Business Campaigns Mergers, Consolidations New Departments at the Bank Remodeling or New Building BANK .......................................................................................... OFFICER ........................................................................TITLE CITY https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis STATE Open Houses Anniversary Parties Deaths or Retirements Speeches Made by Bank Officers Special Announcements to the Public https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3 Call on the “Experienced Professionals” Ready to meet your correspondent needs. ne?85^i m A FirsTier Company at Kearney State Bank. In addition, John Nelsen was promoted to vice president. ^ ARAPAH O E: The Citizens State Bank was declared insolvent on March 8 by Director o f Banking Roger M. Beverage and turned over to the FDIC as receiver. The FarmA ers & Merchants Bank of Edison, eight miles east of Arapahoe, pur chased and assumed approximately $14 million in deposits in 3,000 ac counts for a purchase premium of £ $511,000. F&M Bank assumed Citi zens State’s installment and real es tate loans and other assets for $6.7 million. FDIC put in $6.8 million to dacilitate the transaction and re^ tains about $8.6 million assets o f the failed bank. Donald W. Hardin, president of F&M Bank, said the Citizens State building in Arapahoe will be operated as a branch of F&M 0 with Jim Chitwood as managing of ficer. A decision will be made later whether to move F&M headquarters to Arapahoe and retain an Edison office, or continue with Edison as £ headquarters. Roland E. Emmett was president of Citizens State. ^ w BLAIR: Douglas L. Davidson has been elected president of the Washington County Bank in Blair. He previously was president o f Citizens Bank of Montana, Havre. Minnesota News ^ ^ 0 0 The Minnesota Bankers Associa tion will conduct four agricultural workshops March 18-21 to provide ag lenders with a complete update on state and federal assistance pro grams in addition to a detailed ses sion on the FmHA Guaranteed Loan and the Minnesota Emergency Farm Operating Loan Act. The program will be led by key agricultural bankers and Farmers Home Administration staff. Regis tration begins at 9:30 a.m. the pro gram will conclude by 3:00 p.m. The workshop will be held at the following locations: March 18, Holi day Inn, North Mankato; March 19, Donovan’s Motor Inn, Redwood Falls; March 20, Holiday Inn, Detroit Lakes, and March 21, Americanna Inn, St. Cloud. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis CHANHASSEN: The State Bank of Chanhassen has been sold by Ber nard & Charles Schneider to R.O.M. Financial Services, Inc. a one-bank holding company owned by Ray mond O. Mithun, Sr. Michael S. Hig gins is the new president and CEO and Robert H. Schroeder is senior vice president and senior loan of ficer. Mr. Mithun is the founder of Northstar Bancorporation, Inc. which owns banks in Crystal, Excel sior and Wayzata. Mr. Higgins was formerly president of the bank in Crystal and Mr. Schroeder was vice president of installment loans also in Crystal. Joining the staff as an administrative assistant is Robin J. Reinking. MINNEAPOLIS: John Moorhead, former chairman and CEO of North western National Bank (now Norwest Bank Minneapolis, N.A.), died March 7 at the age of 75. Mr. Moor head joined the bank in 1930, was named president and CEO in 1957 and then chairman and CEO in 1968. He was elected senior chair man in January, 1974 until his re tirement one year later. ST. CLOUD: Curtis M. Schmidt has joined the staff of First American National Bank of St. Cloud as vice president in commercial loans. He previously was with the Small Busi ness Administration in Minneapolis. South Dakota News The South Dakota Bankers Asso ciation 1985 Agricultural Credit Conference will be held April 3 and 4 at the Kings Inn Pierre. Speakers for the event include John Mashek, U.S. News & World Report; Roy Ferguson, II, specialist in business turn-arounds and strate gic planning for expansion; Gover nor William Janklow, South Dakota; Mark Mayfield, director of govern ment affairs, Farmland Industries; Jerry W. Robinson, Jr., professor of sociology and rural sociology, Uni versity of Illinois in Urbana, and John Gaines, ag commodity market ing specialist. Wyoming News Stanley R. Hunt, Cheyenne sav • Member, F.D.I.C. ings and loan executive and chair man o f the state Financial Institu tions Board, has been appointed state examiner by Gov. Ed Herschler. Mr. Hunt, whose appointment was approved by the Senate, will serve four years beginning March 1, 1985. He has been senior vice presi dent for business development and chief operating officer of the United Savings Bank of Wyoming, former ly United Savings and Loan. <^fo[de a n d <z^h±ocLatz± t Bank Consultants Specializing in Bank Acquisitions 515-232-0814 P.O. Box 450 405 Main Ames, Iowa 50010 D o n a l d E . H o l d e r , Principal C om e to th e qu ality investm ent specialists in Nebraska and Iow a. e’reyour * * best authorities for bond portfolio management recommendations. O ur quality is your key to success. a ju Jeff Goble k l Steve Panknin Investment Banking Division ® UNITED MISSOURI BANK Member FDIC ^ ^ 10th and Grand o P.O. Box 226 Kansas City, Missouri 64141 (816) 556-7200 Buy Direct From Factory — and Save! CALENDARS (1986) ADVERTISING SPECIALTIES (Serving The Banking Industry Since 1947) Send Sample - Indicate Quantity - We will quote — You Be The Judge — Standard Advertising Service, Inc. Box 432 • Council Bluffs, Iowa 51501 WANT TO BÜY WANTED— Minnesota, Iowa or Wisconsin $10-$20 million sound bank. File WCQ, c/o Northwestern Banker. (WTB) POSITIONS AVAILABLE V.P. & CASHIER for $32 million Iowa bank. College com munity .................................................................Salary Open 2 COMMERCIAL LOAN OFFICERS - 4-5 yrs. Degreed. Omaha. To $40K CEO for $23 million Iowa bank. Affiliated with major hold ing company. Prefer experienced banker with good ag background.....................................................Salary $40,000 4 AG LENDERS - E. Nebraska & W. Iowa. 2-5 yrs. To $30K Richard L. Beem, CPC GUMBERT EXECUTIVE EXCHANGE, INC. 11246 Davenport Street Omaha, NE 68154 Phone: 402/330-3260 Member National Personnel Associates We’re Nationwide CONTINUOUS FORM MICROFILM MACHINE. Security Bank, Phone: (701) 878-4451. (WTB) SKI COLORADO Stay within minutes of 4 major Colorado ski areas. Luxury and economy condomin iums and townhomes. Call: Dwayne Smith, Anne Marie or Sue at PARADISE PROPERTIES Toll Free 800-922-2590 Denver, 892-9367 or 303-468-5846. OPPORTUNITIES IN PHOENIX, AZ. THE VALLEY OF THE SUN ALL POSITIONS EMPLOYER FEE PAID $30,000 TO $45,000 Commercial lenders with experience required for medium and large banks. Duties include business development. Excellent career growth in rapidly expanding economy. Leslie (Lowe) McLean VICE PRESIDENT—$40 million southeast Iowa bank seek ing individual with strong credit and operations back ground needed. Near major college town. Excellent bene fits and career opportunity. Send resume and salary his tory in confidence to file WCS, c/o Northwestern Banker. ________________________________________________(PA) PRESIDENT—$6 million northeast Iowa ag bank. Lending background required. Excellent opportunity to advance in a holding company organization. Send resume to: Sharon R. Cmellk, P.O. Box 360, Waterloo, Iowa 50704. (PA) Western Iowa bank has immediate opening for AG-LOAN OFFICER. Prefer ag degree and 3 or more years experi ence. Significant career with bank or as part of a growing holding company. Send resume and salary requirements to Mike Keim; 707 North 90th Street, Suite 304; Omaha, NE. 60114. (PA) COMMERCIAL LOAN OFFICER—Commercial lending ex perience required. Must have proven success in prospect ing, interviewing and structuring good commercial loans. Expert knowledge of handling collateral, documentation and credit analysis necessary. Competitive salary and ex cellent benefit package. Send resume in confidence to Human Resources, United Federal Savings Bank, Locust at Fourth, Des Moines, Iowa 50308. (PA) POSITIONS AVAILABLE TRUST OFFICER - Firmly established bank with expanding department in metro area. Must be people minded with 1-3 years trust experience in an urban bank environment. $30K. INVESTMENT FUNDS MANAGER - Progressive, fast grow ing bank consulting firm is in need of a career oriented, ag gressive performer. Bank experience in a large environ ment. BBA and analytical background. S30-35K. AG LENDER - Holding co bank with strong history of devel oping leaders. Valuable oppty for an individual interested in joining a fast-track bank. Two years of ag lending exper ience and a four year degree necessary. $28K. SENIOR COMMERCIAL LENDER - Sunny Florida bank $70m and growing. Forward looking management team seeks a detail oriented/success minded commercial lender. $60m + environment and 5 + years of commercial lending. $48«. PRESIDENT • $15m rural bank. Take charge individual to accept challenge of a well financed clean-up operation. Indepth ag and trouble-shooting backgrounds are required. $50 K. FOR FURTHER INFORMATION FOR THESE AND OTHER POSITIONS RESPOND IN CONFIDENCE TO: R. KURT ROSENCRANTS AT (515) 244-4414 ROBKRT W ILF 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 ALL FEES COMPANY PAID CEO for $14 million Iowa community bank. Requires 5 to 10 years experience. Good ag background.. . . Salary open COMMERCIAL LENDER for $100 million bank. Requires 5-10 years experience. Job entails loan cleanup—both ag and com m ercial........................................ Salary $40,000 + COMMERCIAL LENDER for $600 million midwest bank. Must be experienced in handling major credits and good at documentation........................................ Salary $40,000. NUMBER TWO person for $140 million bank. Must have loan experience in larger bank. Position leads to CEO . . . . .......................................................................Salary $50,000 + COMMERCIAL LENDER for major southern Minnesota bank. Requires 5 or more years experience........................... .................................................................,. Salary to $40,000. TRUST OFFICER for $100 million midwest bank. Law de gree not necessary.....................................Salary to $35,000. CEO for $15 million Iowa bank. Strong ag lending experi ence required.....................................................Salary open TRUST OFFICER for $70 million Iowa bank. Prefer lawyer with two or more years experience in handling trusts and e s ta te s ...........................................................Salary $30,000. VICE PRESIDENT—COMMERCIAL LOANS for $40 million Iowa bank. Insurance license is a plus . .Salary to $35,000 ASOSA PERSONNEL POSITION AVAILABLE Financial Careers MARKETING DIRECTOR • Degreed. 5 + yrs exp. Omaha. $40-60K 1270 E. Broadway, #200 Temte, AZ 85282 (602) 968-4481 CASHIER for eastern Nebraska bank. Requires 3-5 years experience................................................. Salary to $32,000. All responses held in strict confidence. AG LENDER for northern Iowa bank. Prefer college grad with ag degree. Entry level position...................Salary open COMMERCIAL-AG LOAN VICE PRESIDENT Position in northeast Iowa. Minimum 3-5 years lending experience. Cash flow and loan documen tation necessary. Excellent benefits and career opportunities with growing multi-bank holding company. Salary commensurate with experience. Send resume and references to: Charles V. Perry, President Parkersburg State Bank Box 70, Parkersburg, IA 50665 Phone: 319/346-2114 (PA) AG LENDERS for PCA, to serve as managers in excellent farming areas. Offices do not have major problem loans. Prefer college grads with 3 or more years experience and farm background. Good documentation record is essential .....................................................................Salary to $30,000. Write or call Malcolm Freeland or Cy Kirk in care of Freeland Financial Service, Inc., 1010 Equitable Bldg., Des Moines, Iowa 50309. Phone 515/282-6462. Employer pays reasonable fee. Many other opportunities now available. BANKING OPPORTUNITIES CORRESPONDENT BANKER—40-50% travel in IA and NE, 2-3 yrs ag lending required $25K. Contact Barbara J. Ritta. D O N ^ S a -iO O L E R Ir AND Q j ) V ) ASSOCIATES "S u c c e s s fu l B a n k in g is Q u a lity P e r s o n n a r' If you would like to be informed of positions as they become available and if you are interested in chang ing your present position, send your resume or phone Don Schooler, 417-862-2265, 2508 East Meadow, Springfield, Missouri 65804. Information on you will be kept confidential until you are inter ested in a specific position. Eighteen years of banking serving as President of rural and metropolitan banks enables me to match you, technically and personally, with the right bank ing environment. COMMERCIAL LENDERS—8 IA openings, 2 yrs to senior mgmt, holding co. & independent banks Contact Barbara J. Ritta. $27-45K. TRUST OFFICERS— Metro resort communities in Ark and Wise. Large banks. Emp Ben & Bus Dev. Salary $25-33K and up. Contact Pamela J. Swenson. COMMERCIAL LOAN OFFICER— Metro Minn $300mm bank. Mgmt opportunity Salary $30-48K. Contact Pamela J. Swenson. PROFESSIONAL RECRUITERS 6818 Grover Street Omaha, NE 68106 Phone: 402/397-2885 POSITIONS CURRENTLY AVAILABLE Missouri, Iowa Oklahoma, Kansas, Arkansas, Illinois, and Nebraska COUNTRY COMMERCIAL LENDER in a $30mm range bank, population 3,000 ..................... $30,000 CHIEF ADMINISTRATIVE OFFICER in a $150mm range bank. Lending and administration back ground and knowledge of operations.................... .......................................................... $60,000-$75,000 PRESIDENT for a $40-$50mm bank, heavy ag, pop ulation 3,000 ................................................. $50,000 HEAD COMMERCIAL LENDER for an $80mm bank, 9,000 population............................... $55,000 TWO AGRICULTURAL LENDERS in country towns, $25mm range ban k s ....................... $30,000 PRESIDENT for a $45mm bank, near large lake a r e a ................................................................$60,000 VICE PRESIDENT, COMMERCIAL LENDING in a $30mm bank, 75,000 population range........ $45,000 JUNIOR COMMERCIAL LENDER, $100mm bank, 15,000 population..........................................$22,000 POSITIONS AVAILABLE INSTAL. LOAN - $100MM suburban bank. Requires one or two yrs. consumer lending experience. Some supervision $18K COMML. LOAN • $250MM urban bank. Addition to staff. Future advancement possible $40K COMML/REAL ESTATE - heavy commercial loan experi ence and some exposure to large R.E. lines. Senior posi tion in $20MM suburban bank $40K AGRILOAN - share lending responsibilities with President for $30MM Ag bank. Some operations background desired $35 K PRESIDENT - $30MM independent suburban bank. Must have previous CEO experience and strong marketing skills $Open TOM HAGAN & ASSOCIATES 2024 Swift • Box 12346 North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry Since 1970” Vol. 13 No. 48 Northwestern Banker Newsletter (USPS 873-300) is published weekly by the Northwestern Banker Company, 306 Fif teenth Street, Des Moines, Iowa 50309, (515) 244-8163. Subscriptions $1.00 per copy, $18.00 per year. Second class postage paid at Des Moines, Iowa. Address all mail subscriptions, changes of address (Form 3579), manuscripts, mail items to above address. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
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