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V o l. 15 N o . 49 Des M oines, Iowa March 2 3 ,19 8 7 ' State Legislatures in High Gear £ ^ 0 # ® ® ® ® ^ ^ TA TE legisla tive sessions throughout the upper midwest are in full swing at this writing with an unbelievable number of bills that directly and indirectly affect commercial banks. Here is a brief run down of what are considered to be key bills in several states late last week: Nebraska LB375: Regional, reciprocal inter state banking, limited to 9 banks; re ciprocal with Iowa, Missouri, Kan sas, Colorado, Wyoming, Montana, South Dakota, North Dakota, Minnesota and Wisconsin. Was in debate on floor late last week. LB703: Would allow branch banking within 100-mile radius of parent bank. On floor. LB702: Interstate banking without restrictions; 9 bank limit; cap of 11% of all deposits in state. Voted out of committee 8-0. LB735: Interest rate controls. 12% limit on credit cards and small loan companies; 9% usury limit all other loans—personal, commercial, ag. Advanced to general file. LB488: Would mandate that 50% of public funds be placed in the five stock s&ls in Nebraska—total of $2 billion—and the other half in the 440 Nebraska banks. On floor. LB664: Mandatory mediation bill held in committee scheduled to meet 3/23 with president of Federal Land Bank, Omaha. LB136: Passed. Debt reduced to zero on mortgages does not preclude future equity lending unless re leased. LB453: Would amend 8-140 to give state banks same authority as na tional banks to up loan limit to employees from $10,000 to $20,000. LB172: Marital Property A ct— killed. Iowa SF13: New number being assigned. Double Jeopardy Bill. Discussions in conference may result in going with federal law version, which per mits central notification, which Iowa Bankers Association supports. A g industry groups have opposed to date. HF508: Bill to put a $5,000 cap on life insurance that can be held ex empt from bankruptcy on policies purchased within two years of a fil ing. May be amended into SF 353. IBA supports; life industry has op posed to date. HF467: EFT bill. Requires that all satellite terminals in Iowa or their DPCs be directly connected to a cen tral routing unit licensed pursuant to Chapter 527 of the Code. (Assures that all EFT operations in Iowa con form to current mandatory sharing.) Also alters restrictions on advertis ing; expands certain geographic re strictions on terminals in unincor porated areas; expands definition of a DPC. FirsTier Correspondent Services FirsTier Bank, N.A., Lincoln and FirsTier Bank, N.A., Omaha, Members FDIC https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis SF351: Interstate Banking Bill. Would allow nationwide interstate banking and statewide branching. HSB253 interstate banking also in troduced. Supported by major hold ing companies and some business groups. Opposed by Iowa Indepen dent Bankers and some business groups. Omnibus Bill: Grants additional powers for s&ls and credit unions; amended to add bank powers to en gage in securities trading, futures and invest in mutual funds. Now out of committee. A bill also has been introduced to create a state-owned bank similar to that in North Dakota. Minnesota HF1: Farm interest-rate buy-down; was in conference committee last week. Minnesota legislature last year voted $5 million for an ag inter est rate buy-down, but at the Gover nor’s OK, it was expanded in prac tice to $19 million to work with 6,500 farmer applicants. Conference committee is expected to make up the $14 million over-run and then decide whether to continue with pro gram this year. The House favors a renewal; Senate prefers a guaranty type program. Mediation Law: Enacted last year and can run up to one year. Senate working on constructive amend ments, but House reluctant. HF776: Would provide 85% guaran ty to lenders on foreclosed farmland they sell to young farmers at re- More o f what it takes to serve you well. Lincoln • Omaha Norwest Bank Des Moines, N.A. Call (515) 245-3131 or toll-free (800) 362-2514 NORWEST BANKS Member FDIC Teamwork: one of the reasons we’re first in Iowa. Jay Nichols Tom Quinlin duced interest rate of 6.9% for 5 years and then 8%. Would apply only to farmland acquired prior to enactment of the bill. Aimed pri marily at Farm Credit Banks, which hold 200,000 acres in the state. HF676: Lifeline Banking. Proposal to make financial institutions offer basic banking services free as fol lows: 1. No fee checking account for 10 checks per month and six free ATM transactions. 2. Cash govern ment checks for up to $1,000 for cus tomers and non-customers alike. 3. No service charges on savings ac counts. Bank absorbs all costs. Min nesota Bankers Association ques tions the need and the feasibility; e.g., how will rural banks handle these costs? Dave McQuown MNB Correspondent Banker Together We Can Accom plish G reat Things North Dakota HB1010: This bill originally would have increased bank assessments for examinations and placed the in creased assessment in the general fund; i.e., a new tax on banks only. Now, bill’s aim is to have banks pay the costs, by assessment on their examinations, and also pick up the entire cost of operating the banking department. Would probably double cost of assessments to banks. Credit unions have not been paying an as sessment, but a modest fee. They would be assessed, as well. North Dakota law requires a state bank be examined at least every 30 months; however, the assessments are being levied on a yearly basis, not just when an examination is made. Some banks, in fact, are not being exa mined every 30 months because of a shortage of examiners and experi enced examiners. Bill is in Senate appropriations committee. HB1049: To create a Community Property Act; defeated. HF1349: Change in North Dakota central filing law voted last year. Amended to remove USD A objec tions that would have voided Cen tral Filing Law of 1986. HB1122: Passed. Supported by NDBA after amendment. Allows voluntary turnover of a failing bank to State Banking Board (would have provided emergency takeover of a failing bank by the Board). HB1137: Passed with emergency clause. A llow s state-chartered banks to invest in shares of certain investm ent com panies (m utual' funds). HB1185: Passed. Allow s State Banking Board emergency takeover of an insolvent bank with an expe dited hearing, or if a previous capital' adequacy hearing. NDBA sup ported, after amendments. HB1451: Killed. Provided for reci procal, interstate banking with Minn., S.D., Mont. The NDBA was neutral. HB1584: Will probably pass. Pro vides financial assistance to family farmers through loan participation, by the Bank of North Dakota at re duced rates. NDBA supports. HB1605: M andatory m ediation before action initiated by lender against a farmer or small business. ( Opposed by NDBA and killed. HB1617: Killed. Would limit credit card charge to 15% per year. HB1652: Allows BHCs to consoli date or merge all banks under one charter (like 1986 Nebraska law passed). Passed House. Tie vote in Senate 3/18; back on Senate floor 3/19. SB2377: Defeated. Would require in terest be paid on all escrow ac counts. SB2427: Allow s state-chartered banks to compete in securities bro kerage. NDBA-sponsored. Passed Senate unopposed. On House calen dar with unanimous “ do pass” re commendation from committee. □ Iowa News ANITA: Among recent promotions announced at Anita State Bank was the advancement of Curtis D. Peter sen to vice president. DES MOINES: A t Iowa State Bank, John C. Burgeson has been For Professional Correspondent Service Call 1-800-622-7262 Call 319-398-4837 or toll free 1-800-332-5991 Strength Eastern |owa Merchants National Bank isi Cedar Rapids. Iowa 52401 Member F 0 1C https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A BANKS OF IOWA bank ThereJs A Difference In Banks... Valley National Bank â 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 S 1 ASSISTANT CASHIER/AG LOAN OFFICER —Three years of really good all around bank experience. Personal com puter experience with cash flows. “ Comes to work when • it’s not required...customers go out of their way to do busi ness with him.” Expounded a reference. He’s a solid quiet worker. University of Northern Iowa graduate. $19,000. S-2 AG LOAN OFFICER —“ Makes a thorough comprehensive ^ game plan and follows what is expected of him with no w negatives. I’ve heard only good things about his loan files and credit analysis.” Quoting a reference. Four years ex perience. Responsible for approximately 9MM ag loans. Implemented many computer programs...also imple^ mented a calling program for new ag customers. Top perw former! college graduate. $23,000. • a S-3 VICE PRESIDENT —Offers fourteen years of experience. All facets of lending expertise and operations experience. “ Very ambitious and pleasant to work with. All around good employee...very professional.” $30,000. J-4 VP/L0AN OFFICER —Past 6 yrs. with same bank, in charge of $4-6mm ag loans and supervises loans at branch offices. Strongest in ag lending, also involved with real estate and some commercial lines, and assists with in vestments. ISU grad, numerous banking seminars. $30,000. • • J-5 SENIOR M A N A G EM EN T -A 15-year banking veteran, currently senior officer in $100mm bank, responsible for $50-$75mm in loans and supervision of 5-8 loan officers. Enjoys lending and administration, successful in workouts and still able to bring in the quality new accounts. Equally qualified in commercial and ag lending. Desires metro location, good growth potential. SHARP! Bus. Admin. degree, graduate school of banking, ABA commercial len ding school, etc. etc. $50-$60,000. J-6 SR. VP/EVP/CE0—Definitely an accomplished banker, after 17 yrs. servicing ag, commercial and installment loans. Resourceful in workouts and trouble shooting, knows FmHA and SBA procedures. One reference relates: “ Does an exceptionally good job in lending and adminis tration.” B.S. Business, plus several AIB courses. $38,000. J-7 SR. OFFICER—An accomplished COMMERCIAL lender with 10 yrs. experience in management position. Proficient in operations and staff supervision, knowledgeable in ag and mortgage lending as well. “ Very intelligent, a self starter and take charge type person. Good judge of loans, keeps on top of records, and knows how to handle custo mers and staff,” references commented. AIB, Commercial Lending School, and Graduate School of Bankinq. $40,000. J-8 SR. VP/EVP —COMMERCIAL and AG. “ A true superstar in banking,” says former employer. Presently Sr. V.P. in charge of $40mm loans ($20mm commercial) and supervising 6 loan officers. Ten yrs. experience, but “ has the knowledge and ability of a'20-year veteran. Astute in credit analyses, perceptive in work-outs, and equally adept with ag and commercial loans. You’ll know he’s solid 5 minutes after you meet him!” Another contact reported, “ Mature and diplomatic, he can do the job!” B.S. Ag Econ. Graduate (Wl) School of Banking, and numerous AIB courses. $40,000. J-9 AG LOAN OFFICER—Has worked in most all areas of small ag bank. Started out as bookkeeper and teller, man aged in-bank insurance agency, and has been handling ag loans for past 4 yrs. FmHA approved lender. Prefers E. NE, W. IA, E. KS locations. $28,000. S-10 PRESIDENT—Major area of strength is loan administra tion. Good communication with employees...knows bank ing and is extremely motivated. This former bank examiner offers fifteen years experience. Is a professional individual who has the ability to analyze, restructure and negotiate problem lines of credit. College graduate. $45,000. Our reputation of maintaining our candidates9 confidentiality enables us to attract a select group of ag bankers and lenders... those currently employed and not actively job hunting but ready to make a move for the right opportunity. , JEAN EDEN 712/779-3567 Hwy. 92 W. Massena, IA 50853 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Let us know your needs without commitment; we won9t 4hound9you with phone calls or 1flood9you with resumes, and there is no fee unless you hire. SANDI GARNER 515/394-5827 Hwy. 63 S. New Hampton, IA 50659 S-11 LOAN OFFICER—“ Best ag credit files in the state,” comments made by a reference. Has an outstanding track record. Reduced non-accrual loans to zero in 1986. Gen erated through a calling program $660,000 of new quality ag loans (9 new customers). Absolutely outstanding cre dentials. University of Minnesota degree. $30,000. S-12 SENIOR LOAN OFFICER—“ 2nd to none in credit analy sis...cranks through the work, doesn’t make hasty deci sions and has never made a poor one. I’d like more loan officers like him, he has more on the ball then most people,” related reference. “ An outstanding employee!” Thirteen years experience. Iowa State University Gradu ate. $30,000. S-13 LOAN OFFICER—Bank operations experience, student, consumer and ag loans. Works extensively with the cash flow program on the computer. A very neat, accurate and thorough employee. Fits in well with staff. Iowa State University graduate. $18,500. J-14 SENIOR LENDER/AG—Former supervisor, present co worker, and correspondent bankers all rate him “ One of the best young bankers around; tactful but direct in prob lem situations, good with figures, assertive, good decision making skills, and really knows banking.” Eight yrs. experience, active in bank groups and associations, and really enjoys being involved in community. “ Destined to be successful; absolutely executive material!” B.S. IA St., sev eral bank schools and seminars. $38,000. J-15 AG BANKER—Currently in charge of large ag portfolio with major holding co. Very successful in reducing loan losses, but also good in new business development. Has supervised a staff of 10. References include, “ Excellent in terpersonal relations, one of the best lenders I’ve seen! Able to assess a problem and know how to approach and resolve it. Solid as a rock!” Ten yrs. exper. handling large lines of credit. B.S. Econ. $35,000-$40,000. J-16 L0AN/0RERATI0NS—Currently in $12mm rural bank, responsible for loans and operations. Familiar with invest ments, administration abilities. Four yrs. previous experi ence as bank examiner. Reports a references, “ Hard 0 working, sincere, and a good banker. Has the tools, talents, and expertise to be a good second officer.” Col lege degree, ag credit school, insurance licenses. $30,000. S-17 COMMERCIAL LOAN OFFICER—Seven years of experi- ® ence. Handles 8MM loan portfolio in commercial loans at present...ag business retail manufacturing, commercial real estate, etc. Experience in financial statements, analy sis, loan documentation, problem loan workouts, SBA ^ loans, etc. “ Quick learner and you know he’ll do it right or ^ ask. Motivated and a real self-starter.” Quoting a refer ence. College degree. $20,000. S-18 ASSISTANT VICE PRESIDENT—Overall banking duties, all facets of lending and personal computer operator and 0 programmer. Holds all insurance licenses. “ Good commu nication, looks after the banks best interests, and makes decisions but isn’t afraid to ask questions,” said a refer ence. Good aggressive employee. College graduate. $26,000. • S-19 EXECUTIVE VICE PRESIDENT—Eleven years of experi ence, has attended numerous banking schools and exper tise in all areas of banking. “ An extremely motivated, bright individual who can communicate with anyone!” ^ quoted his former V.P. “ Knowledgeable, fair and honest,” were all comments made by his reference. University of Il linois graduate. $40,000. S-20 CEO—“ I’d hire him back in ten seconds,” quoted a former employer. Has been managing a staff of 22, all • operations of a 25MM bank, along with overseeing a 17MM loan portfolio. An outstanding leader with excellent credentials and is very community minded. $50,000. S-21 AG LOAN OFFICER—FDIC experience, loan coordina- ^ tor, R.E. loan processor. Total familiarity with what should be in a loan file inside and out. Has the ability to take charge and oversee staff...gets the work done on time. Degree, with numerous banking classes to his credit. POSITIONS AVAILABLE 1. CASHIER—$64mm bank in upper midwest. Excellent earnings. Respon sible for overall operations, some lend ing duties. Supervise 12, oversee com puter operations, handle all reports. Community offers top-rated schools, pool, golf & country club. $26<$32,000 plus additional 25% In benefits. 2 SENIOR LOAN OFFICER—County seat town. In charge of $30mm loans, supervision of 3 dept, heads. Requires 10 yrs. commercial lending experience in bank of $50-$75mm. $42,000. 3. C .E.O .—Small rural bank with excel lent earnings. Supervise staff of 5. Re sponsible for overall management and loans, develop new business. $35,000. 4. SENIOR V .P .—Highly profitable $40mm bank. Primary duties will be in ag lending, familiarity with operations helpful. Requires 5-10 yrs. experience. $38,000. 5. SR. LOAN OFFICER—Desirable subur ban location! Prestigious IA bank. Re sponsible for $0-$50mm loans, super vision of 3-4 loan officers. Requires 10 yrs. ag AND commercial experience. $40,000 + . 6. LOAN OFFICER—$50mm bank. Join team of 3 other lenders in well-run bank. Emphasis on ag. 3 yrs. minimum experience, bank or Farm Credit Sys tem. $30,000. 8 VP OPERATIONS—Sound Eastern Iowa bank near larger city. Computer experience or interest helpful. Seek person who likes living in small town. apri CAREERS, INC. _ 9 $24-$26,000. 9. VICE PRESIDENT—Supervise two loan officers in $40 MM northeast Iowa bank. 6-10 years experience. Owner ship possibilities. $25-$30,000. 10. AG LOAN OFFICER-Minnesota county seat bank seeks candidate to handle ag, commercial and installment loans. 3-5 years experience required. $23-$26,000. ------ ■■H H BM BM H M M M NM Éiglfel 712/779-3744 https://fraser.stlouisfed.org 92 W., Massena, Iowa 50853 Federal Hwy. Reserve Bank of St. Louis 7. COMMERCIAL LOAN OFFICER—Iowa 0 metro bank. Min. three years commer cial loan experience. $32-$37,000. 515/394-3145 Hwy. 63 S., New Hampton, Iowa 50659 # ^ IOWA BANKERS PROBLEMS WITH YOUR BANK’S BOND? ARE YOUR UNDERWRITERS DEMANDS EXCESSIVE? HA VE YOUR PREMIUMS SKYROCKETED? have been solving Bankers bonding problems for over years . . . AND AT THE LOWEST POSSIBLE PREMIUM! CALL OR W RITE 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 P.O. BOX 1654 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis TOPEKA, KANSAS 66601 913) 234-2631 SOUTH DAKOTA BA NKERS PROBLEMS WITH YOUR BANK’S BOND? ARE YOUR UNDERWRITERS DEMANDS EXCESSIVE? HAVE YOUR PREMIUMS SKYROCKETED? Are you FORCED to write one type of insurance with a company at a higher premium, just so they will write another type of policy for you? IF SO... PLEASE CONSIDER THIS We have been solving Bankers bonding problems for over 75 years . . . AND AT THE LOWEST POSSIBLE PREMIUM CALL OR WRITE KANSAS BANKERS SURETY COMPANY P.O. BOX 1654 TOPEKA, KANSAS 66601 (913) 234-2631 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis VI BANKER SERVING BANKERS ’ named president and chief executive posits and fully secured or preferred officer. He has been chairman of the deposits of First National Bank in •board since 1984. Milton L. Paul is West Concord to Farmers State his successor in that office. He has Bank, West Concord. The deposits served as president and CEO of the of the failed bank's only office were bank since 1973. transferred to the existing office of Farmers State on March 6. No bids • were received for a purchase and as sumption transaction. First Na Nebraska News tional was closed on March 5, at Four economists from the Federal which time its deposits totalled -Reserve Bank of Kansas City will about $8.8 million in 2,100 accounts. ^bring their views about the economy All are believed to be within federal to financial executives across Neb insurance limits. raska during April. The schedule in cludes programs April 21 in Scotts_ bluff, April 22 in North Platte, April ^23 in Grand Island, April 28 in Lin Illinois News coln, April 29 in Norfolk and April An IBA-supported bill has been 30 in Omaha. introduced in the Illinois House to Minnesota News M IN N E A P O L IS : F irst Bank ^System announced March 16 that it w had signed a purchase agreement for the sale of First Bank Luveme and its office in Pipestone. Upon regulatory approval, the two bank q locations will be purchased by 215 Holding Co., a Minnesota corpora tion controlled by the family of the late Robert E. Short. The Short family is involved in residential and £ commercial real estate, transporta tion, broadcasting, management ser vices and agriculture. A t year-end 1986, First Bank Luverne had assets of $59.2 million. • ST. PAUL: Richard L. Kastner, for merly executive vice president, has been promoted to president and chief operating officer of Commer# cial State Bank. He will continue to function as chairman of the board and CEO. Mr. Kastner joined the bank in 1975. # WEST CONCORD: The FDIC has ^ approved the transfer of insured de permit a bank holding company to merge an acquired bank and its ex isting facilities into another bank owned by the holding company, even if the merger increases the total number of facilities beyond five and results in facilities being located beyond the county-wide/ten mile limit. HB 475 was introduced March 4. Under current law, a merger of two banks could make it necessary to close some existing fa cilities because of the geographical and numerical limitations. While the bill grandfathers facilities existing at the time of the merger, it does not grandfather unused facility rights of the bank that is being merged into the other bank. seminar runs from 9:00 a.m. until 4:30 p.m., with lunch from noon to 1:00. Fee is $100 before March 30 and $125 after. Register through the NDBA office. Fortify your earnings with quality investment programs. B on d portfolio recommendations from United Missouri Bank reflect over 55 years of portfolio management experience. Call us today for your program. lly North Dakota News The North Dakota Bankers Asso ciation will sponsor a one day semi nar on real estate finance on April 10 at the Holiday Inn, Bismarck. Pre senters are Grant S. Nelson, profes sor of law at the University of Mis souri, Columbia, and Dale A. Whit man, dean of law at the university. Registration is at 8:30 a.m., and the UNITED MISSOURI BANK Memberfdic of Kansas C ity n.a. 10th and Grand • P.O. Box 226 Kansas City, Missouri 64141 (816) 556-7200 Estate Appraisals Purchase of Collections Sale o f Rare Coins Reliable and respected service for over 20 years Used by bankers throughout the midwest Ben E . Marlenee Coins https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 913 Locust D es M oin es, Iowa 50309 515-243-8064 3 4 FARM/COMMERCIAL LOAN OFFICER FOR SALE RECONDITIONED BRANDT Coin Sorters-Counters BRANDT Currency Counters New Warranty 402-571-5577 Progressive $35 M bank seeks Farm/Commercial Loan Officer with 5-6 yrs. experi ence in solid agri/ comm, loan skills. Bank regulatory or operational experience help ful. Excellent advancement opportunities. Salary commensurate with experience. Contact Richard Rath, First Natl. Bank, P.O. Box 206, Sumner, IA 50674, phone (319)578-3312. (PA) cdioddsx and c^f’is.ocL atzi Bank Consultants Specializing in Bank Acquisitions 515-232-0814 P.O. Box 450 405 Main Ames, Iowa 50010 D onald E. H older, NEW OPPORTUNITIES BANK AUDITOR, CPA or CIA, w ith at least 1 year experi- A ence.......................................................................... To $23,000 ^ AG LOAN position fo r a promotable ag lender w ith several years experience..................................................... To $30,000 MANAGER to head $120 m illion loan dept. Must have pro ven management skills and commercial lending fo r this senior position.........................................................To $55,000 INSTALLMENT LENDER w ith two or more years experi- w ence. Scenic Midwest com m unity........................ To $25,000 COMMERCIAL LOAN POSITIONS in major Iowa cities. Prefer college grads w ith tw o to five years experience. . . . ..................................................................................To $35,000 Financial Careers (Division of Freeland Financial Service, Inc.) Principal POSITIONS AVAILABLE SR. LENDER— Need experience in commercial, ag, and R.E. lending. East Iowa. To $40K. CEO— Need 10-15 years in management and busi ness development. Loan background helpful. Iowa. To $55K + Bonus. P O S IT IO N A V A IL A B L E $45MM bank near metro area seeks AQ/COMM’L LENDER. Excellent career path opportunity. Send resume to File No. WIE c/o Northwestern Banker. (PA) Sr 1010 Equitable Bldg. Des Moines, IA 50309 515/282-6462 Employer pays fee. Please contact Lorraine Lear concerning these and other Midwest banking opportunities. All fees are paid by our client employers. Richard L. Beem, CPC GUMBERT EXECUTIVE EXCHANGE, INC. 11246 Davenport Street Omaha, NE 68154 Phone: 402/330-3260 AQ AND COMMERCIAL LOAN OFFICER - 5 yrs. experience - Ag Degree Preferred. Excellent Benefits • Excellent Career Opportunity. Business development experience de sired. Position currently open. Send resume and salary re quirements to Terry Gere, Minnwest Bank Ortonville, P.O. Box 128, Ortonville, MN 56278,612/839-2568. Equal Oppor tu n ity Employer. (PA) Member National Personnel Associates We're Nationwide PRESIDENT AND C.E.O. • $23MM bank w ith excellent growth prospects needs new C.E.O. Must have good lend ing experience especially in commercial loans. Salary range of $40-50K depending upon education and experi ence. Bank located in one of the most desirable market areas w ithin Iowa. Send resume on confidential basis to: Donald Holder, Holder and Associates, 405 Main, Ames, Iowa 50010 or call 515-232-0814. (PA) CREDIT ADMINISTRATION Consultant available on a temporary or an intermediate basis in an on line or advisory capacity specializing in: • LOAN RESTRUCTURING • LOAN WORKOUT • LIQUIDATION 22 years experience in acquisition and liquidation P O S IT IO N W A N T E D D.E. CHYMA 3032 7th St., Moline III., 61265 ENTRY LEVEL banking position desired by ISU Ag Business/Finance major graduating May, 1987. Contact Larry Jones at (515) 294-1108 or (515) 522-7170. (PW) — A ll Replies Confidential — CEO/SENIOR LEVEL MANAGER. 10 years experience independent & m ulti bank holding company. Strong credit skills. Experience & formal training in trust, investment, EDP, & operations. Interested in performance & growth oriented company. Prefer location in or near community of 20,000 + . College town ideal. C ontact Tom Spread at (815) 244-2102. (PW) FOR SALE 1 8’ x 8’10” x 8’ Note Teller Station Finish - Oak Laminated POSITIONS AVAILABLE PRESIDENT Do you enjoy the outdoors of North Wise? A top rated A holding co needs a sharp leader to manage a bank o f v $35mm. This is a clean shop that req’s a dynamic indivi dual to develop new banking relationships in the commu nity. Desire 10 + yrs coml banking exp, a degree, and a successful mgmt track record. To$55K. Job#NW1348. EXECUTIVE VP This is a dream job! A holding co bank w ithin 15 minutes ^ of the Twin C ities needs a take charge leader to adm inis ter the leading function of a $25mm bank. A super opty for an achiever who w ants to make a name w ith a high perfor mance group. Desire 5 + yrs ag lending exp, a degree, and a m otivation to succeed. To$38K Job#NW1349. AG LENDER Tired of working on problem loans? A SE Minn bank needs a business development motivated ag lender w ith 3 + yrs ag lending exp. This position reports directly to the presi dent and Is responsible fo r establishing new ag credit rela tionships. Must be degreed and have strong technical skills. To$30K. Job #NW1350. FOR MORE INFORMATION CONTACT PAUL GENTZKOW OR JEAN TODD 1 Receptionist Work Station Finish • Oak Lami nated 1 Check W riting Table W/Desk Area on Each End POSITIONS AVAILABLE PRES Conservatively run bank in healthy small community seeks mgr. w ith strong ag skills. Must have previous pres, exp. $50K. AG LENDER Well capitalized and run $50m bank seeks 2-3 yr. ag person for generalist role. Fast track to sr. lender. $25K. f NORWEST BANK CEDAR FALLS, N.A. 302 Main Street Cedar Falls, Iowa 50613 319-266-1794 (612) 339-9001 Serving bankers quietly and efficiently. CAPITAL PERSONNEL SERVICE V.P. Supervise 3 fill gap between junior and senior executives w/potential for no. 1. Commercial loan exp. a must plus mgt. skills. $40K. 714 First Interstate Bank Building Des Moines, Iowa 50309 515-283-2545 PO SITIO NS A V A IL A B L E COMM’L LENDER Perfect location. If you have 2 yrs. of comm’l lending, strong desire to grow and are w illing to trade $ for long term leadership this is it. $25K. COMML LOAN • $50MM suburban bank w ith excellent growth and earnings history. Handle m ajority o f 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 Q LOAN REVIEW - large urban bank affiliated w ith major midwestern holding company. Degree and 2-3 yrs. loan review/workout experience desired. $30K SERVING THE UPPER MIDWEST FOR FURTHER INFORMATION CONTACT KURT ROSENCRANTS R egency ROBERT HALF RECRUITERS, INC. accounting, financial and edp personnel specialists 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 ALL FEES COMPANY PAID _ w ALL FEES COMPANY PAID SR. L.O. No. 2 spot in com m unity bank of $20m. W ill have 8m + portfolio. Looking for 4-5 yrs. banking exp. $28K. CONSUMER LOAN Do you have 1-3 yrs. of consumer lending & a 4 yr. degree? Super oppty. in large successful city bank. $20K. 3636 IDS Center Minneapolis, MN 55402 Diane Evans 1102 Grand Avenue, Kansas City, MO 64106 816/842-3860 TRUST OFFICER - medium size com m unity bank w ith growing tru st dept. JD preferred but not mandatory. $27K COMML LOAN - $100MM com m unity bank. Supervise com mercial lending function. Future advancement possible. $45K Additional positions available in midwestern states for experienced bankers. TOM H A G A N & ASSO C IA TE S 2024 S w ift - Box 12346 North Kansas City, MO 64116 816/474-6874 f “ Serving the Banking Industry Since 1970“ Vol. 15 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 Digitized for St., FRASER #201, Des Moines, Iowa 50309. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis £
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