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Vol. 16 No. 49 Des Moines, Iowa March 21,1988 In Washington and the States— • Banking Legislation Moves Along O N G R E S SIO N A L members and the banking industry were ^ still awaiting late last week a draft ^ of the St Germain banking bill to de termine how much at variance it will be from the Proxmire/Gam Senate banking bill. The latter bill cleared ^ the Senate Banking Committee 18-2 and is expected to be up for a floor vote in late March before the 10-day Easter recess. Several sources have reported ^ that the St Germain bill will place more limitations on any securities ^^pow ers banks might be granted. It R R ep orted ly would allow banks to un derwrite commercial paper, mort^ gage-backed securities and munici pal revenue bonds. However, the bill apparently has no reference to mutual funds and no kick-in date for corporate underwriting, as the ^ Senate bill offers. Rep. St Germain’s bill is reportedly even more restric tive with insurance regulations for banks, and real estate powers are strictly a question mark in the 0 House proposed bill. An A B A spokesman said it appears there will be even stricter consumer protection provisions, such as broader compli ance with CRA regulations and ini0 dating lifeline banking. Rep. Stephen Neal (D., N.C.) ear lier introduced a House bill con sidered to be a companion to the C Proxmire/Garn bill, so it is antici pated that this bill will be offered as an amendment in the future to broaden any bill presented by Rep. St Germain, since Mr. Neal is consi dered a banking advocate. Illinois—The Illinois Bankers Association is looking at an ambitious agenda in its presen tation of banking bills to the state legis lature. This is an off-year for the Illinois General Assembly, which traditionally consi ders only emergency measures and budget items at this session. The IBA is looking for new powers for Illinois banks, particularly for insurance since that was a key one last year. Iowa—Bank lobbyists are marking time and staying in close touch with legislators while the Assembly goes through one of two last “ funnels” heading into the final days of the 1988 legislative session. The IBA is seeking a cap of $5,000 on life insurance proceeds that can be declared exempt by a bankrupt on any policies purchased within two years of such bankruptcy declaration. The interstate bank ing bill continues to catch the limelight. Pas sage of the bill by the Senate recently sur prised many industry observers, and now at tention is focused in the House, where inter state banking had previously gained more favor than the Senate. The IBA also conti nues to press for a central notification sys tem from the legislature. Minnesota—An interstate banking bill that would broaden the region for such activity from the contiguous states (voted last ses sion) to include another level of states is on the floor of the House and Senate. The Inde pendent Bankers of Minnesota has an nounced that its organization will offer an amendment to broaden the bill to national F irsT ier. Correspondent Services banking right now. That amendment has not yet been offered. The legislation on the floor includes concentration ratio (30% of hanking deposits in the state), capital restrictions, and broader compliance with CRA rules—i.e., more loans for low-income housing. The House version would expand present inter state banking law to include Nebraska, Wyoming, Montana, Idaho and Washington. The Senate version includes those states plus Oregon, Utah, Colorado, Kansas, Missouri, Michigan and Indiana. A bank securities powers bill was defeated in the House Financial Institutions and In surance Committee. Another bill on the agen da would allow state chartered banks to in vest in Farmer Mac. Nebraska—A similar story is told for the Nebraska legislature, with serious debate of critical bills heading for a vote showdown as the final date for the 1987 session ap proaches. The branch banking bill (LB703) would eliminate distance restrictions from present law. The amendment would reduce from three years to 18 months the period re quired before a newly-established bank could be purchased by another bank. The NBA ex ecutive council supports elimination of the distance requirements but opposes any change in the three-year rule. Announce Candidacy for ABA President-Elect C.G. “ Kelly” Holthus, immediate past president of the Nebraska Bankers Association and president of the First National Bank in York, Neb., and Alan R. Tubbs, president and CEO of First Central State Bank in DeWitt, la., have an nounced their candidacies for the of fice o f president-elect o f the American Bankers Association for the election to be held at the A B A meeting in Honolulu next October. More o f what it takes to serve you well. EF irs T ie r B a n k s FirsTier Bank, N.A., Lincoln and FirsTier Bank, N.A., Omaha, Members FDIC https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Lincoln • Omaha 2 Norwest Bank Des Moines, N.A. Call (515) 245-3131 or toll-free (800) 362-2514 NORWEST BANKS Member FDIC R eliable and respected service fo r over 20 years Used by bankers throughout the midwest Jay Nichols Iowa News HARTLEY: Am ong recent promo tions announced by Security State Bank was the naming of M. J. Kuehl as chairman of the board, Gale E. Bobolz as president and Jack Cuttell as executive vice president and cashier. H A Y E S V IL L E : The Hayesville Savings Bank was declared insol vent by Iowa Superintendent of Banking Edward L. Tubbs on March 10. For the first time in two years in Iowa the FDIC was unable to get a bid for the closed bank. The FDIC arranged with the nearby Farmers Savings Bank in Fremont to pay off depositors. FDIC will re tain the bank’s $19 million loan portfolio, which includes $12 in ag loans. C.J. “ L efty” Mertz, 79, and his brother Elmer “ B ig” Mertz, 86, ran the bank in this town of 73 peo ple for many years. The Hayesville Savings at its peak was a $50 mil lion bank in 1984. It had been found ed in 1912 by the Mertz’ s father and other organizers. OAKLAND: Gerald R. Anderson has been elected to the board of directors at Citizens State Bank and appointed president and CEO of the bank. He previously served with the Exchange State Bank in Adair and Wagner Banking System of Schuy ler, Neb. Jerry Trudo MNB Correspondent Banker Together We Can Accom plish G reat Things Purchase of Collections Sale of Rare Coins Yearn work: one of the reasons we’re first in Iowa. Mr. Holthus has been very active with the A B A Advisory Board and Council. He also served on the A B A Secondary Market Task Force in 1987. Mr. Tubbs, who is also executive vice president of Maquoketa State Bank in Maquoketa, was chairman of the A B A Agricultural Bankers Division in 1984-85 and headed the Task Force that wrote the A B A ’s guidebook for ag community banks in planning for the future. Mr. Tubbs also was on the A B A A g Task Force that sponsored the Secondary Market. Estate Appraisals Nebraska News LINCOLN: Havelock Bank recently announced several prom otions. Am ong them was the advancement of Patrick Gibbons from vice presi ' -lb B enE . Marlenee Coins 913 Locust Des Moines, Iowa 50309 515-243-8064 dent to senior vice president, and of Denise Otto from assistant vice pre sident to vice president. Mr. Gib bons serves as cashier at the bank’s 70th & Adams office. Ms. Otto works at the main bank on Havelock Avenue. LINCOLN: The top two officers of Vistar Bank have been elected to new positions. James F. Nissen has been named chairman and CEO. He is succeeded as president by Dana L. Henricksen, who has been serving as executive vice president. Both men were instrumental in the founding of* Vistar Bank in the fall of 1986^ through the merger of three Lincoln banks. OM AHA: Control of Omaha State Bank through purchase of its hold ing company, Omaha State Corp., will pass to an investor group head ed by Michael L. Dahir following ap proval by federal and state regula tors. Mr. Dahir most recently was chief financial officer of FirsTier Financial Inc., Omaha. He would be come the bank’s CEO. Omaha State Bank had assets of $55 million at the 1987 year-end, with deposits of $49.4 million and net income of $737,000. Eugene J. Zaloudek, 57, who started Omaha State Bank, said he expects to leave the bank but remain in the banking business. For Professional Correspondent Service Call 1-800-622-7262 Call 319-398-4306 or toll free 1-800-332-5991 The---- ThereJs A Difference In Banks... Strength of Eastern |owa Merchants National https://fraser.stlouisfed.org Cedar Rapids. Iowa 52401 Federal Reserve Bank of St. Louis Valley National Bank m Bank BANKS OF IOWA BANK Main Office - Sixth and Walnut DES MOINES, IOWA 50304 A BANKS OF IOWA BANK Member FDIC JAMES F. MacLEAN Vice President H. PETER DeROSIER Vice President BANKERS AVAILABLE MM-1 LENDING/INSURANCE—9 years credit experience, 2 years as multi-line insurance agent. Extensive workout and collection responsibilities. Excellent management skills. Responsible for starting up installment loan department. $28,000-$30,000. Call Marty, 712/779-3567. MM-7 TRUST OFFICER—Nine years in trust and in vestments. Holds JD. Responsible for being awarded an S850MM trust account. Excellent in turn around situations. Ready to work right now. $45,000. Call .Marty, 712/779-3567. MM-2 LOAN OFFICER/VP—11 years credit experience. Responsible for making a profitable bank out of a troubled one. Excellent skills in lending and management. A reference stated, “ He is very strong in organization, m eeting deadlines, and taking the in itia tiv e .” $30,000-$32,000. Call Marty, 712/779-3567. MM-8 VP/L0AN OFFICER—Primary credit officer of $9MM portfolio. Proven capabilities in all facets of lending. Five years as VP of $16MM IA bank. Two and one-half years with FmHA. BS in ag business. Numerous credit courses. Experience in appraisals. “ He makes good, sound credit decisions,” quoted a reference. $31,000. Call Marty, 712/779-3567. MM-3 INSTALLMENT LOANS/INSURANCE—Currently in surance agency manager in north Iowa bank. Responsible for $600,000 of premium volume. Good computer knowledge. BS in business administration and economics. $20,000-$25,000. Call Marty, 712/779-3567. MM-4 AG LOAN OFFICER—Over seven years lending ex perience. In-depth work in cash flows, analysis, workouts, and supervising loan procedures. Qualified appraiser. Dairy and general ag background. A reference states, “ He has sound judgement and a high energy level.” $24,000. Call Marty, 712/779-3567. MM-5 FARM MANAGER—14 years farming and farm management experience. Four years as farm manager for Iowa bank. Most recently managed over 10,000 acres at 43 locations. Real estate and insurance licenses. Works in close association with trust department. $30,000. Call Mar ty, 712/779-3567. MM-6 SR. MANAGEMENT—Well rounded background in lending and management. Strong in turning around un profitable situations. Good computer knowledge. Three years as EVP in northwest IA bank. Holds life insurance license. Reference quoted, “ He knows every facet of len ding and exceeds in all areas.” $45,000-$50,000. Call Marty, 712/779-3567. MM-9 0PERATI0NS/CASHIER—Eight and one-half years VP and cashier experience in a $43MM northwest IA bank. Responsible for installation of automated teller machine. Very good computer and management skills. Available im mediately. $28,000. Call Marty, 712/779-3567. MA-10 VP/L0AN OFFICER—Wants to continue 14 year bank ing career. Experienced in all phases of lending and has supervised operations department. Responsibilities also included call reports and monthly income and expense reports. Reference says, “ has versatile bank background, very personable, knows ag and has excellent experience.” Bus. admin, degree and is familiar with com puters. Available immediately and will relocate. $28,000-$35,000. Call 515/394-5827. MA-11 AG LOAN OFFICER—Ag, consumer and installment lending experience obtained past four years in bank and with FCS. “ Dedicated, solid, loyal young man. Very in telligent and has broad and rounded ag background,” commented reference. Outstanding young man who is available immediately. Ag bus. degree with concentration in finance. Familiar with micro computer. $28,000-$30,000. Call 515/394-5827. We serve as the source to locate candidates who meet your qualifications and are interested in your bank, community, and salary range. We are available to assist, but allow and encourage your direct contact with our candidates. You make the choice and decision, without pressure. MARTY REW 712/779-3567 Hwy. 92 W., Box 140 Massena, IA 50853 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Our fee is paid by the employer and is based on a percentage of the first year’s compensation. All placements are guaranteed. A complete explanation of our services, fees, and guarantees will be sent at your request. ANNETTE FAHNING 515/394-5827 Hwy. 63 S., Box 307 New Hampton, IA 50659 MA-12 AG LOAN OFFICER—One year ag lending experience obtained through FmHA, FCS and bank. Reference states, “ very strong in detail, exact and precise in work and very thorough documentation. GOOD POTENTIAL!” SDSU grad with ag bus. major. Open to relocation. $18,000$20,000. Call 515/394-5827. personnel administrator, business development and len ding services. “ Outgoing, dedicated and loyal. Very good credit knowledge with strong computer background,” says reference. ISU grad. Agriculture degree with emphasis in finance and law. Prefers NW III. $30,000. Call 515/394-5827. MA-13 VP/CASHIER—Almost 20 years bank experience. Experience includes all phases of lending, operations, management and reports. Good computer background and familiar with investments. Reference comments, “ very strong credit knowledge, good supervisory skills and definitely very capable of being #2 man in smaller bank.” Bus. admin, and economics degree. Will relocate. $25,000-$30,000. Call 515 394 5827. MA-17 SPECIAL CREDIT LOAN OFFICER-Over six years FCS experience with on-going long and short term credit. Ex perience includes one and one-half years servicing adverse and classified loans. Former supervisor says, "organized and level headed with good knowledge of pro duction agriculture.” Agri bus. degree from U. of Wis. Will relocate. $22,000-$28,000. Call 515-394-5827. MA-14 AG LOAN OFFICER/SPECIAL CREDIT OFFICER-Two years experience includes long and shortterm lending and administering to special and adverse credit with FCS. Ac cording to reference, “ strong ag background and very knowledgeable with strong lending practices. Disciplined, organized and punctual. HE’S TOPS!!!” Associates degree in ag bus. management.$30,000-$35,000. Call 515/394-5827. MA-15 EVP/C00—As a CPA, candidate has ten years ex perience in accounting and banking. Currently administer ing entire accounting function including reporting, budgeting and procedures for multibank holding co. “ Has excellent communications skills, hard worker, dedicated and very knowledgeable in banking,” said reference. “ A VERY NICE GUY,” says another reference. Accounting/bus. adm in, degree. $35,000-$45,000. Call 515/394-5827. MA-16 AVP—Ten year banking career includes ag, com mercial and real estate lending in a $200MM bank. Ex perience also includes being branch manager of a bank, • MA-18 AG LOAN OFFICER—Majority of the one and one-half years lending experience devoted to FmHa guarantee loans. Some ag and consumer lending in smaller bank. Ag bus. degree. Prefers dairy area. $18,000-$20,000. Call 515/394-5827. MA—19 VP—Seven years ag lending career includes bank and FCS. Past five years has managed $5MM ag and $3MM R.E. loan portfolio in $35MM plus bank. Very familiar with FmHA guarantee loans. Sales, business development and supervisory skills give well rounded ag background. “ Good rapport with farm ers and understands farming. Likes a CHALLENGE!” reported reference. Ag bus. degree. Prefers midwest. $30,000-$35,000. Call 515/394-5827. M-2 LOAN OFFICER—$60MM bank needs ag loan officer. Must be familiar with cash flows and have good docu mentation skills. Sales experience and micro computer knowledge very helpful. Must want to live in small town and be c o m m u n ity in v o lv e d . $27,000-$31,000. M-3 CFO—III. ag community needs CFO for S70MM bank. Duties include PC’s, asset liability management, strategic planning and budgeting. Must have good people skills. Good advancem ent potential. $27,000$35,000. Computer background a big plus. Near metro area. $25,000-$28,000. M-4 LOAN 0FFICER/0PERATI0NS— $ 20MM No. III. bank in need of loan of ficer and operations officer with five years experience. Must be able to han dle all areas of lending as well as being knowledgeable in operations field. M-6 AG LOAN 0FFICER-$40MM bank located in eastern Neb. looking for loan officer who wants to grow with bank. Will be doing ag and some installment lending. Must be intelligent and out going and want to live in small town. $25,000-$35,000. I 712/779-3567 92 W., Box 140, Massena, Iowa 50853 Digitized forHwy. FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis • q 0 MM—20 PRESIDENT/CE0— Currently president/ceo in $90MM bank. Responsible for bringing bank from non- u p rated status to “ A-plus” rating. Excellent lending and operations skills. Over 16 years banking experience. Well £ versed in recovering troubled banks. $55,000. Call 712/779-3567. POSITIONS AVAILABLE M-1 SVP—IA bank seeking #2 man for $20MM bank. Duties include ag, in stallment and commercial lending. O pe ra tio ns e xp e rie n ce helpful. $25,000-$35,000. 0 aqnoirœrs,inc. M-5 INSURANCE SALES-SE Neb. bank insurance agency needs full time in surance salesman. Must be licensed in all areas. Must be outgoing and like sales. Base plus commissions. 515/394-5827 Hwy. 63 S., Box 307, New Hampton, Iowa 50659 OVER 60% 0 OFALL BANKSIN OUR MARKETAREA ARE NOW INSURED BY THE KANSAS BANKERS SURETY COMPANY # That’s R ig h t. . . In th e nine states w e serve w e h ave solved the b on din g needs for 6 of every 10 banks. Th a fs over 16.4% of all banks in the United States # THE REASONS. . . # SUPERIOR SERVICE MOST COMPETITIVE PREMIUMS REALISTIC UNDERWRITING PROMPT CLAIMS SERVICE IF YOU’RE NOT GETTING THE SAME FROM YOUR BONDING COMPANY... GIVE US A CALL - YOU’LL BE GLAD YOU DID. THE KANSAS BANKERS SURETY COMPANY DONALD M. TO W LE President • DAVID E. ABENDROTH Se nior Vice President 611 Kansas Avenue P.O. Box 1654 Topeka, Kansas 66601 Phone 1 -9 1 3 -2 3 4 -2 6 3 1 ® FINANCIAL IN STITUTIO N BONDS, SAFE DEPOSITORY LIA BILITY, CHECKS KITING FRAUD INDEMNIFICATION, DIRECTO RS AND O FFICERS LEGAL DEFENSE AND LIM ITED INDEM NITY PO LICIES https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Serving the H eartlan d of A m erica since 1 9 0 9 OVER 60% OFALL BANKS IN OUR MARKETAREA ARE NOW INSURED* BY THE KANSAS BANKERS SURETY COMPANY That’s R ig h t. . . In th e nine states w e serve w e h ave solved the b onding needs for 6 of every 10 banks. Th a fs over 16 .4% of all banks in the United States THE REASONS. . . SUPERIOR SERVICE MOST COMPETITIVE PREMIUMS REALISTIC UNDERWRITING PROMPT CLAIMS SERVICE IF YOU’RE NOT GETTING THE SAME FROM YOUR BONDING COMPANY... GIVE US A CALL - YOU’LL BE GLAD YOU DID. THE KANSAS BANKERS SURETY COMPANY DAVID E. ABENDROTH Senior Vice President DONALD M. TO W LE President 611 Kansas Avenue P.O. Box 1654 Topeka, Kansas 66601 Phone 1 -9 1 3 -2 3 4 -2 6 3 1 FINANCIAL IN STITUTIO N BONDS, SAFE DEPOSITORY LIA BILITY, CHECKS KITING FRAUD INDEMNIFICATION, DIRECTO RS AND O FFICERS LEGAL DEFENSE AND LIM ITED INDEM NITY PO LICIES https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3 Your benefits: • New high net worth customers • Added profit • Reduced deposit loss to competitors • Ability to offer complete financial services First Dakota Building P.O. Box 2796 Bismarck, ND 58502 or P.O. Box 65697 West Des Moines, IA 50265 INVESTMENT 0 • # O M AH A: Karen A. Hosier has been elected vice president and trust offi cer at American National Bank. She will be assistant manager o f the bank’s trust and investment division. Ms. Hosier began her career as a trust examiner for District 10 of the Comptroller of the Currency. She also served in the trust depart ments of two other Omaha banks before joining American National. c 0 £ ^ ^ ^ w M INNEAPOLIS: St. Anthony National Bank has announced several promotions. John M. Brown has been advanced to president of the St. Anthony office, and Lon G. Helgemo to president of the Andover office. Mr. Brown previously served as executive vice president and will continue to be the senior credit officer of the bank. Mr. r e e r s Helgemo was vice president and head of retail banking. Robert P. M. Baker has been named chief opera tions officer and comptroller for the St. Anthony National Bank. Most recently he was an audit supervisor for Touche Ross & Co. in Omaha, Neb. MINNEAPOLIS: Marquette Bank Minneapolis has announced that Barbara Graham-Roche has joined the bank as vice president in its in vestment services group. She was previously employed by Piper, Jaffrey & Hopwood in Minneapolis, and prior to that was an assistant vice president in the investment services group at Marquette. quality service by experienced professionals BANKERS AVAILABLE CASHIER Nearly 10 yrs. with same bank. Well-rounded exp. In all phases of operations and lending. B.A., graduate Iowa School of Banking, and la. insurance licenses.$30,000. AG TRAINEE Recently completed extensive 4 mo. internship in $60MM bank. The head of the ag dept, states, “By far the best of the numerous students in the program. Has common sense to retain and apply what he’s learned. His attitude and personality make him en joyable to have around.” B.A., business econ. (3.0 QPA). $16-18,000. JEAN EDEN SANDl GARNER 525 M erle H ay T ow er Des M oin es, Iowa 50310 5 15-276-1151 cJ~foCd.£X a n d c d h io c L a tz i Specializing in the Purchasing and Sale of Banks 515-232-0814 Ames, Iowa 50010 405 Main Donald E. Holder, Principal Minnesota News CALEDONIA: Minnesota Bankers Association President James R. Jorstad has been appointed presi dent of Minnesota Bank, N.A., in Caledonia. He was formerly presi dent of Citizens State Bank in Hayfield. The two banks are members of an eight bank group managed by Corporate Bank Services, Inc., St. Paul. a 1-800-544-7113 For information contact: Omaha State’s chairman, Marvin G. Schmid, an Omaha attorney, is chairman presently and owns 20 per cent of the stock. Mr. Zaloudek said many of the bank’s 80 stockholders are now age 65 or older and wanted to sell their stock. BANKING South Dakota News MITCHELL: David L. Margheim has been promoted to vice president and trust officer at Commercial Trust & Savings Bank. He will assume management of the bank’s trust division upon the retirement of James W. Stewart, who has been with the bank for 26 years. Mr. Margheim has been an assistant vice president and trust officer of Toy National Bank, Sioux City, la., since 1979. He joined that bank in 1976. stone Inn in Jamestown. Workshop leader is Bev Licata, vice president, Financial Education and Develop ment. On the 12th, the day begins with registration at 8:30, and the seminar runs from 9:00 to 5:00 with a noon luncheon. The seminar runs from 8:30 to 4:00 with noon lunch on the 13th. Before March 29, the fee is $240, with $35 additional after that date, and covers breakfasts, lun ches, and all materials. Contact the N D BA to register. Montana News North Dakota News The North Dakota Bankers Asso ciation will sponsor a Comprehen sive Training School for Teller Trainers on April 12-13 at the Glad- M ALTA: A t First Security Bank, Gary Howell has been promoted to senior vice president. He spent six years with the Farm Credit System prior to joining the bank in 1985. 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Iowa 52406 319/395-6600 A Banks o f towa subsidiary 4 P O S IT IO N S A V A IL A B L E BANK AUDITOR— Prefer CPA with experience in bank auditing. Must have excellent people skills. . . .To $22,000. 9 AG LENDER— Immediate opening for aggressive self starter with 5-6 years banking experience. Good opportuni ty for someone wanting a growth position........ To $32,000. TRUST OFFICER— Excellent opportunity for JD or CPA t d ^ L join a progressive Iowa bank. Background should in c lu d ^ ^ ^ probate experience...............................................To $35,00Cr^ P Financial Careers, Inc. EXECUTIVE VICE PRESIDENT for expanding suburban/ rural bank. Looking for that individual that likes smaller communities within a reasonable distance of a major metro area. Salary commensurate with experience. Send resume to File No. WMJ c/o Northwestern Banker. Need VAULT DOOR that meets FDIC requirements; also good clean OFFICE FURNITURE. Contact Rich Halverson, Corwith State Bank, Corwith, IA 50430. (515) 583-2390. (WTB) Two Ruan Center/Suite 1000, Des Moines, IA 50309 515/245-3786 Employer pays fee. Please contact Lorraine Lear or Malcolm Freeland conearning these and other Midwest banking opportunities. A ________________________________________________ (PA) Current President of 18 years from this 63MM community bank. Looking for PROVEN LEADER AND LENDER. Prior CEO experience is not mandatory. Send resume to File No. WMT c/o Northwestern Banker. (PA) AG LENDER needed for $17MM centralIowa bank. Must have strong ag background, 3-5 yrs. experience. Will be #2 person in bank. Contact File No. WMX, c/oNorthwestern Banker. (PA) BANK EQUIPMENT Modular U.L. vaults, vault doors, safe deposit boxes, night depositories, safes, drive-up windows, pneumatic tube systems, alarms, cameras and cash storage equipment. Buying and selling new and used equipment AMERICAN BANK EQUIPMENT, INC. (402) 571-5621 WANT ADS—Rates are $5.00 per line per insertion. Add $5.00 for file letters per insertion. Identity of file letter advertisers cannot be revealed. NORTHWESTERN BANKER, 1535 Linden Suite 201, Des Moines, Iowa 50309. Phone 515/244-8163 SERVING THE UPPER MIDWEST RYAN AUCTION CO., INC. R eg en cy Decorah, Iowa 52101 Farm Equipm ent S pecialist A ppraisals & A uctions Call Dale Ryan 319- 382-8648 RECRUITERS, INC. Diane Evans SERVING BANKERS IN THE MIDWEST BANKER AVAILABLE CEO/BANK MGR...Twenty-five yrs. bank exp. with strengths in RE/consumer & comm’l Idg. Past suprv. says, “ Highly recommended...excellent comm'l Idr....skills fit well in a small comm.—very well liked. Definitely would hire if I had a spot available.” $35,000. MIDWEST PERSONNEL Linda R. Halt Banking Specialist New Hampton, IA 50659 515-394-2325 Call Anytime 1102 Grand Avenue, Kansas City, MO 64106 816/842-3860 POSITIONS AVAILABLE TRUST MARKETING - large urban bank. Requires degree and trust experience. $35K REAL ESTATE LOAN - single fam ily residential and secon dary market experience required. Proximity of major metro area. $40K 9 LOAN REVIEW • large bank experienced required. Both junior and senior level positions available. $28-$40K COMMERCIAL LENDING - V.P. positions in urban and large suburban banks. Personal portfolios from $20MM to $50MM. $40 K BRANCH MANAGER • handle small business and consumer credits. Med-size com m unity affilia te of multibank holding company. $24K ^ Additional listings for commercial lending and trust officers. Resume’ requested. TOM HAGAN & ASSOCIATES CHOOLER In ASSOCIATES CANDIDATES AVAILABLE PRESIDENT Self starter who thrives on challenges. Developed an asset liability management policy while handling trust duties, keeping community active and directing lending. Goal set ter who achieves what is proposed and makes an impact. Will work well with any board. $50K. CREDIT ANALYST Formal credit training! Heavily exposed to financial analysis of large sophisticated credit in metro environ ment. Top notch image and educational background. Cur rently working in one of the nation’s finest banks but seeks opportunity to return to Midwest. $23K. AG LOAN VP Detail oriented manager who has run branch bank in strong ag community. Also department head for ag area. Successfully reduced outstandings and corrected pro blems in portfolio while maintaining image of bank to bor rowers. Seeks active challenging position in quality organization. $35K. FOR FURTHER INFORMATION CONTACT KURT ROSENCRANTS ROBERT HALF o r W W A .M C . 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 ALL FEES C O M P A N Y PAID 'Successful Banking is Quality Personnel" POSITIONS AVAILABLE PRESIDENT, $100mm bank, college town $80,000. C.E.O., S & L, good outstate town . . . $50-$60,000. PRESIDENT $30mm bank, independent, agoriented ......................................................$$50,000. PRESIDENT, $30mm bank, A rated, top earner, non-ag ..........................................................$55,000. PRESIDENT, $100mm in outstanding loans ........ ........................................................................ $75,000. PRESIDENT, $20mm bank, small town, ag related ........................................................................ $50,000. HEAD OF REAL ESTATE, large portfolio .............. .................................................................. $40-45,000. AG LENDER, first class town, bank, management ........................................................................ $30,000. MORTGAGE LOAN UNDERWRITER with F.H.A. Direct Endorsement, college town ........... $35,000. TOP ACCOUNTANT for $60mm bank, strategic planner..........................................................$33,000. CASH MANAGEMENT EXPERT, to handle $3 billion plus ............................................$70-$80,000. DON W. SCHOOLER 2508 East Meadow Springfield, Missouri 65804 (417) 882-2265 P.O. Box 12346/2024 Sw ift North Kansas City, MO 64116 816/474-6874 A “ Serving the Banking Industry Since 1970” POSITIONS AVAILABLE PRESIDENT—Are you #2 ready to be #1? Prestigious T.C. metro bank seeks dynamic leader for its presidential spot. Desire high image executive with 10+ yrs. com’l lending exp. Don’t miss this once-in-a-lifetime opportunity! To $70K. Job#NW3014 0 BRANCH MANAGER—Are you ready for greater respon sibilities? So. MN bank seeks proven manager to head up its profitable branch office. Desire 3 + yrs. lending exp. with the ability to develop new business. An excellent op portunity! To$35K. Job #NW3015 BRANCH PRESIDENT—Are you handling more than you’re given credit for? Central S. Dak. bank seeks branch president with proven leadership ability. Must have 10 + yrs. ag lending exp. with strong analytical skills. A terrific career opportunity! To$47K. Job#NW3016. ^ FOR MORE INFORMATION CONTACT PAUL GENTZKOW OR SUE KEITHAHN 3636 IDS Center Minneapolis, MN 55402 (612) 339-9001 ALL FEES C O M P A N Y PAID Vol. 16 No. 49 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 https://fraser.stlouisfed.org St., Bank #201,ofDes Moines, Iowa 50309. Federal Reserve St. Louis q