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March 2 7 ,1 9 7 8 Des M oines, Iowa Vol. 6 No. 48 Minnesota, Nebraska Move Ahead on EFT HR 1 o' demonstration period over 7,000 transactions were registered (from a total checking account base of were making progress last week toward offering off-premise EFT service. Marquette National Bank an Technical standards governing plastic cards to be used by financial institution’s customers for making electronic funds transactions were recom m ended unanim ously last week to Minnesota Banking Com missioner Robert Mampel by his standards committee, composed of 17 area financial institution execu tives, nine of them from banks. Mr. Mampel told the N o r t h w e s t e r n B a n k e r last week this recommen dation will be considered strongly at a hearing to be held soon for promulgation of rules and regula tions governing EFT in Minnesota. This essential step follows the earlier signing by Gov. Rudy Perpich o f the EFT bill passed by the M innesota legislature. It requires immediate sharing of off-prem ise term inals by like financial institutions, and sharing by non-like firms by March 1, 1979. Mr. Mampel also reported that as of March 3, 159 applications for a detached office facility have been filed with his office since last August 1, when the Minnesota law governing a second office facility became effective. Of this number, 99 have been from state banks and 60 from national banks. He said 116 have been approved, 31 are in operation, and 52 communities that previously did not have a banking facility now will have one. Several large Twin Cities banks 11, 000) . Marquette will act as the catalyst in the system and will offer technical and operational assis tance, as well as a support package consisting of physical planning, a d vertisin g/m ark etin g and em ploye training. Marquette also will assist with equipment purchase, or leasing through Marquette Leasing Corp. N orthw estern N ational Bank plans to have all its 75 ATM s on-line by July 15. These are spread across a wide area in Banco banks and 16 independent correspondent banks. Northwestern also plans to have about four to six ATM s off-premise by the latter part of 1978 at loca tion s now being selected by management. By early August First Bank System will have place-of-business terminals at service counters in three Byerly’s supermarkets and six Jerry’s supermarkets, utilizing Burroughs TT142 on-line teller terminals. These will be accessible by 17 FBS member banks in the Twin Cities area and shared by other banks. FBS has 55 ATM s on member banks’ premises and they will remain there for the present. FBS also operates terminals in 16 supermarkets in LaCrosse, W is.; Fargo, Bismarck, Grand Forks and nounced it is introducing an automated teller network that will provide area independent banks with a more flexible banking alternative for themselves and their customers. The program, called Key-Card 24, will allow customers to make cash withdrawals, transfer funds and get cash advances from Marquette issued VISA cards and make deposits at ATMs located in their own bank. Each system bank will issue cards bearing their own name. Golden V alley State Bank became the network’s pilot bank several weeks ago, installing an on-line IBM 3614 thru-the-wall A T M . President Paul G allick reports that in the month-long Correspond with the bank that can give you a lot o f help for ÊT your m oney. gpl M •*. - ‘ I lis i # IOW AnesM om es . V' ' : I p • •/" .'v;v'.b rn % Ip|| A M em ber https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis a N ATIO NAL B A N K FOIC A n A f f ilia t e o f N o r t h w e s t B a n c ò r p o r a t io n George Milligan 1-800-362-2514 l|fclH]I DANCO Serving you means keeping abreast of changing opportunities so you won't hove to. Homer is ready to help you ... ... with CCB’s full-service correspondent banking. Let Homer Jensen prove that we do your kind of banking. Des Moines' second largest independent bank. Main Bank East Fifth and Locust 50309 515/244-5111 Call and find out whot's new. Phone 319582-1841 collect Jamestown, N .D ., and Sioux Falls, S.D. Midway National, St. Paul, signed last December to operate through POSSI (Point of Sale Services, Inc.), operated by Twin City Federal Savings & Loan Assn., and is already offering a check verification program for cash up to $100. Midway will offer a deposit and withdrawal service as soon as it receives clearance within a short time from the Comptroller of the Currency. Also, six of the 38 banks for which Midway does computer work will offer the same system. Three major correspondent banks in Nebraska are expected to be offering statewide EFT service to their own customers and those of correspondent banks this week or within a few days. They executed contracts recently with MICOR International, the Ramada Inns computer firm, which will operate the N E T S W IT C H , a central computer located in Omaha. The three banks are United States National Bank of Omaha and First National Lincoln and National Bank o f Commerce, Lincoln. First National of Omaha and Omaha N ational both withdrew from NETS last year on advice of counsel after the U.S. Department of Justice threatened NETS mem bers with an antitrust suit if NETS, organized by the Nebraska Bankers Association, operated the central switch. After a several month study, NETS members decided on the approach o f processing banks signing individual contracts with A good correspondent bank relationship is still buift by good people. Yours and ours. Mark Christen Asst. Vice President https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis M IC O R . N E TS continues to supply the software. Terminals throughout Nebraska available for sharing will be identified as INSTABANK and marketing efforts are promoting this program statewide. The Iowa Transfer System (ITS), which began central switch opera tions a year ago, continues to show progress, registering a transaction volume of 11,526 for the month of January, 1978, compared to a volume of 55,000 in February a year ago. 31st Assembly for Directors To Consider Policy Issues The Assembly for Bank Directors at the Fairmont in New Orleans, April 13-16, will concentrate on current policy issues important to inside and outside directors. Congressman Henry S. Reuss, chairman of the House Committee on Banking, Currency and Hous ing, will address the Assembly. Also speaking will be Gerald M. Lowrie, executive director, govern ment relations, American Bankers Association. Group discussions will be held daily exploring such issues as competitive developments, trust department operations, directormanagement relations, and regula tory changes and proposals. Bernie Miller, one of our Men of Opportunity Am erican Trust €r Savings D anK Town Clock Plaza, Dubuque, Iowa Member: FDIC & Federal Reserve System Wednesday, March 29, at Charlie’s Supper Club. His topic will be “ Federal Outlook and Legislation. All area bankers and their directors are invited to attend. Social hour is at 5:30 p.m ., dinner at 6:30 p.m. and Rep. Bedell’s address at 7:30 p.m. Reservations should be made by Tuesday to Howard Gar ton, Iowa State Bank, West Bend. 515 887-2341. CHARITON: Gilbert Garton has joined the National Bank and Trust Co. as vice president and trust officer. He had been an executive of the First State Bank of Chariton for 23 years, most recently serving as executive vice president. DES MOINES: Henry Byers, 86, former owner and operator of Bankers Service Corporation, bank broker firm in Des Moines, is recuperating from a heart attack at Call your roving correspondent at Bankers Trust Iowa News ALGONA: U. S. Rep. Berkeley Bedell (D., Ia.) will address the Iowa Lakes BAI meeting here on Call me toll free . . . 800-332-5991 Merchants A National Bank IS I C edar Rapids. Icwa 52401 A B A N K S O F IO W A 'B A N K Use our to ll-free WATS line: 800 -3 6 2-1 6 8 8 M em ber: F.D.I.C ./Federal Reserve System 3 Carletoist D .B e h Co . T IN V E S T M E N T DES M O IN E S S E C U R IT IE S B U IL D IN G Des Moines,I owa NEW ISSUE MOODY’S: “Aaa” $8,500,000 CEDAR RAPIDS, IOWA General Obligation Corporate Purpose Bonds Dated: April 1,1978 Denomination: $5,000 Both principal and semiannual interest (June 1 and December 1, first coupon due December 1,1978) payable at the office of the City Treasurer, Cedar Rapids, Iowa. IN THE OPINION OF COUNSEL INTEREST ON THESE BONDS IS EXEMPT FROM ALL PRESENT FEDERAL INCOME TAXES, IOWA FRANCHISE TAX AND ALL PROPERTY TAXATION IN THE STATE OF IOWA. MATURITIES 4.40% $ 800,000 June 1,1979 4.50% 1,100,000 June 1,1980 4.40% 1,100,000 June 1,1981 3.60 3.85 4.00 4.25% $1,100,000 June 1,1982 1,100,000 June 1,1983 1,100,000 June 1,1984 4.40% 1.100.000 June 1,1985 1.100.000 June 1,1986 4.10 4.20 4.30 4.35 4.40 LEGALITY TO BE APPROVED BY CHAPMAN & CUTLER, ATTORNEYS, CHICAGO, ILLINOIS. Cedar Rapids, the second largest city in Iowa, is located in east central Iowa. The City’s population is presently estimated at 117,000, up from 92,035 in the 1960 Census. The City serves as the principal commercial, industrial, financial, and governmental center for most of eastern Iowa. Cedar Rapids is also the county seat of Linn County. Major industrial employers with at least 250 employees each include: Cherry Burrell (machinery); Collins Radio Co. (electronic and communication equipment); Cryovac Dlv. - W. R. Grace (plastic bags and boxes); Harnischfeger Corp. (hydraulic hose); Iowa Mfg. Co. (asphalt equipment); Iowa Steel (gray iron castings); LeFebure Corp. (bank equipment); Link-Belt Div. - FMC Corp. (cranes, hoes and draglines); Miehle-Goss-Dexter (printing presses); National Oats Co. (oat and corn products); Penick and Ford Ltd. (syrups and starches); Quaker Oats Co. (oat, corn and wheat products); Square D. Co. (circuit breakers); Universal Engineering (hammermills); Weyerhauser Co. (corrugated boxes) and Wilson-Sinclair Co. (meat packing and processing). There are seven banks and four savings and loan associations in Cedar Rapids with total deposits in excess of $1,375,000,000. Transportation facifities are provided by two scheduled airlines, six railroads, four interstate bus lines and 26 interstate trucking firms. These bonds are being issued under the provisions of Chapter 384, Code of Iowa, 1977, as amended. The proceeds of this issue will be used as follows: $4,190,000 for storm sewers; $2,775,000 for bridges; $1,035,000 for sanitary sewers and $500,000 for traffic control devices. In the opinion of counsel, these bonds are legal and binding general obligations of Cedar Rapids, Iowa, and all taxable property located therein is subject to the levy of sufficient taxes to pay the principal of and interest on the bonds without limit as to rate or amount. FINANCIAL STATEMENT Actual and assessed value of taxable property, 1977 $1,589,136,927 Direct debt, including this issue Total direct, overlapping and underlying debt Population, 1978 estimate: 117,000 43,640,000 54,927,334 Direct debt per capita: Total debt per capita: Tax collections have approximated 101% of taxes levied for the last four years. We own and offer subject to prior sale and change in price and subject to our attorney’s approving opinion. The information contained in this circular is not guaranteed, but is derived from sources we deem reliable and is that on which our purchase of these bonds was based. Offered subject to prior sale and change in price. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $372.99 469.46 r 4 240 DIRECTORS FROM 33 STATES ATTENDED THE 30th ASSEMBLY FOR BANK DIRECTORS IN FEBRUARY, 1978 The 31st Assem bly for Dank Directors w ill b eh eld at the Fairmont in N ew Orleans April 13-16,1970 sponsored by THE FOUNDATION OF THE SOUTHWESTERN GRADUATE SCHOOL OF BANKING P-O. BOX 214, DALLAS, TEXAS 75275 Younkers Rehabilitation Center, 1200 Pleasant, Des Moines 50308. ELDORA: Robert Chamberlain II has joined the Second National Bank as vice president, succeeding Jerry Higgason who resigned. Mr. Chamberlain has over nine years of banking experience, most recently as vice president of the Town and Country Bank in Quincy, 111. MAQUOKETA: Maquoketa State Bank has announced the following promotions: Florian Steffen to senior vice president; Dan Crandall and Charles Wagener to vice presidents, and Linda Majerus and Karen Tebbe to officer designates, a new officer training program. RED OAK: Houghton State Bank has announced the addition of James H. Skahill to its staff as marketing and personnel officer. He recently retired as plant manager at Union Carbide. SHENANDOAH: John Fishbaugh, president of The Security Trust and Savings Bank, has announced the follow in g prom otion s: Ed Lookabill, manager of the instal ment loan department, to vice president, and Jack G ow ing, assistant cashier, to assistant vice president. SIGOURNEY: Thomas G. Siskow, president of the First Trust & Union Savings Bank, has announ ced the promotion of A . D. Gralapp, vice president, to execu tive vice president. SPENCER: Steve Schmidt has joined the Spencer National Bank https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis F0R INFORMATION OR RESERVATIONS, CALL (214) 691-5398 &V - as assistant vice president and agricultural representative. He formerly was manager of the Spencer office of the Emmetsburg Production Credit Association. VAN HORNE: Van Horne Savings Bank has increased its surplus account by $120,000 by transfer from undivided profits. The bank’s equity capital is as follow s: C a p ita l — $ 1 2 0 ,0 0 0 ; su rp lu s — $360,000; reserve—$15,000, and undivided profits—$409,592. WATERLOO: National Bank of Waterloo has announced the promotions of Gerald Cook and Norman Timson to assistant vice presidents. Newly elected officers are James Freet, assistant vice president; Elcina Buck, loan servicing officer; Marcia Colwell, trust operations officer; Daniel O’Brien, operations officer; Brian VanderWilt, assistant auditor, and Thomas Voiding, farm manager. Nebraska News SCOTTSBLUFF: Scottsbluff Na tional Bank has announced the following promotions: Fred Ruff, to vice president in charge o f operations; Anne Reynolds, assis tant cashier, to auditor, and Tom Reed, to manager of the bank’s two motor banks. hi Illinois News AUBURN: Bill Burke has been named assistant cashier of the State Bank o f A uburn. He previously was supervisor o f il FLAIRS ® ■25*FREE GOODSOFFER" from Paper M ate B uy5 0 0 Ultra Fine Flairs a n d re c e iv e a n a d d itio n a l 125 ab s o lu te ly FREE!!! Ultra fine point is supported by a strong metal collar. Writes the same smooth, ultra fine line each time, every time. Put your advertising message on the Ultra Fine Flair. It's the precise pen that precise writers want. Writers like draftsmen, accountants, architects, designers, secretaries, executives or anybody else who requires a consistent ultra fine line. Comes with vivid black, blue, red or green ink. Top of c a p is color-coded to indicate ink color. Features an attractive bone white barrel and matching cap. Prices include your message printed in one-color on cap. ITEM NO. SUGG. RETAIL PRICE 2 50 /49 9 5 00 /99 9 1000/2499 2 50 0 /4 9 9 9 5000 Up 831 $.69 .54 .48 .42 .37 .32 ^ ^ ^ M n i m u m order 250 pens. O F F E R E X P IR E S A P R IL 2 8 , 1 9 7 8 . ORDER FORM □ ent er our order for: QUANTITY ITEM NO. & PRODUCT NAME COST $$$- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Supplement to the Northwestern Banker Newsletter 2-27-78 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 7 CALL ON THE “PERFORMANCE TEAM” where comm on transactions are handled uncommonly well. FIRST NATIONAL LINCOLN 13th & M Street • Lincoln, Nebraska 68501 • Member, F.D.i.C. % -i collections at the Illinois National Bank in Springfield. Cashier Richard S. Mershon has been named director of detached facilities. Colorado News GREENBUSH: Leslie Trangrud recently was elected assistant cashier of the Greensbush State Bank. He formerly was with Wallwork Leasing Company in Fargo, N.D. DENVER: Robert J. Frank was dism issed M arch 15 b y the American National Bank’s board of directors for failure to report to the board about loans he had taken out at other banks, and for his borrowings at American National that “ may have exceeded lending limits applicable to bank executive officers,” according to Christian K. Johnson, executive vice president of the bank. Mr. Johnson said Mr. Frank later reported the violations to the board and the board then voted for dismissal. The bank is part of Western Bancorporation. Minnesota News COON RAPIDS: Tim Nelson has joined the First Mid America State Bank as a loan officer. He formerly was with the Chisago County State Bank in Center City for six years. COTTAGE GROVE: Pete Katzung has been named instalment loan officer for Mid America National Bank. DULUTH: Northwestern Bank of Commerce has announced the promotions of J. Gregory Owens and Adrien Petrin to assistant cashiers. DULUTH: Thomas Kuhn has joined the Northwestern Bank of Commerce as assistant vice presi dent in charge of the instalment loan department. He formerly was assistant vice president in charge of all loan portfolios at the United Bank o f R ock ford . A ssistan t HOPKINS: Northwestern National Bank has announced the following promotions: Gene A . Haberman, administrative vice president and cashier; Douglas J. Meyer, vice president and manager of planning and facilities; Thomas L. Holtz, assistant vice president and assis tant manager, commercial loans; Ronald T. Wisti, assistant vice president and assistant manager, consum er banking. James E. Senske has joined the bank as commercial loan officer. He former ly was personal loan officer at the First Northwestern National Bank of Winona. HOPKINS: The First National Bank has announced the grand opening of its new building, according to John E. Raymond, president. To initiate the week-long celebration, a ribbon cu ttin g ceremony is planned for Monday, March 27. The grand opening celebration will be held Sunday, April 2, from 10 a.m. until 5 p.m. LAKEVILLE: Patricia Theis has been elected cashier and Kevin Leslie assistant cashier of First Lakeville State Bank. Ms. Theis has been with the bank for four years. Mr. Leslie’s main responsi bility is instalment lending. LUVERNE: First National Bank has announced the promotions of Dave Peterson to instalment loan officer and Barbara Jessen to instalm ent loan and personal banking representative. M ILACA: B. P. Pete Allen, Jr., president of The First National Bank, reports that he has lost his appeal to the Eighth Circuit Court of Appeals of a suit he instituted last year against the Comptroller of the Currency over the latter’s new assessment schedule. In his suit, Mr. Allen pointed out that a $10 million bank is assessed four times the fee rate charged a billion dollar bank and that its new assessment if 183% greater than previously, while a billion dollar b a n k ’ s assessment rose only 9% . In a 13-page decision the St. Louis appeals court in effect said the Comptroller’s interpretation “ is entitled to great weight” and he can set the fees discriminately as he wishes. Mr. Allen was supported by other bankers with an $11,950 budget, of which $11,412.70 went for legal fees and travel costs, not including Mr. Allen’s own. He donated the balance to the National Association for Economic Educa tion after deciding further appeal is too expensive. MINNEAPOLIS: First Minnehaha National Bank has announced the elections of the following three officers: Kirk S. Duholm, personal banking officer; Irma Lantre, comptroller and James Passeri, commercial loan officer. PLYMOUTH: Robert H. Lexvold has joined the Plymouth State Bank as president and chief executive officer. He formerly was « ■ ¡S B » _ Call our Bond Department For up-to-the-minute, accurate information «gir C ommerce Bank o f Kansas C ity https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Member FDIC 1 0 th a n d W a ln u t (8 1 6 ) 2 3 4 - 2 0 0 0 Tony Paugoulatos Bond Representative 234-2647 üAl Jim McLaughlin Thomas L. Steffens Bond Representative 234-2673 Asst. Vice President 234-2462 8 with the Minnesota State Bank of St. Paul and was president of Security State Bank of Savage. A1 Stahlke has joined the bank as vice president. He previously was vice president at the Capital City State Bank, St. Paul. REDWOOD FALLS: Mont Becker has joined the State Bank of Redwood Falls as assistant vice president in charge of the consumer loan department. He comes from Aberdeen, S.D., where he was with the Farmers and Merchants Bank and Trust for about six years. Colorado News DENVER: Paul Troyer has been elected president of the National State Bank, Denver, according to Richard C. Meckley, chairman and chief executive officer. Mr. Troyer has served as executive vice president since 1975. Mr. Meckley has been serving in a dual capacity as president and chairman. FRUIT A: Mary Etchemendy Guccini, cashier of the Fruita State Bank, has announced her retire ment after 28 years in banking. been elected president of McIntosh C ounty Bank, succeeding his father, Max A. Wishek, who will continue as chairman. Ronald Bartholomay has been promoted to vice president. W ANT ADS Rates 40 cents per word per insertion. Minimum: 12 words N O R TH W E STE R N B A N K E R 306 15th S t., D es M oines, Iowa POSITION AVAILABLE POSITION AVAILABLE Eastern Montana bank is seeking an operations person, preferably with small bank experience and exposure to insurance sales. Send inquiries and resumes to Box ACE, c /o NORTHWESTERN BANKER, 306 1 5th St., Des Moines, la. 50309. BANKERS PERSONNEL SEARCH, INC. 321 Stephens Building Des Moines, Iowa 50309 515/282-4446 or 515/961-5419 Harriette Allison, President Employer Paid Fee Confidential Bank Personnel Only PERSONNEL ASSISTANT Excellent opportunity with large eastern Iowa bank for individual with at least one year experience in personnel administration. Person will train in all areas of personnel including interviewing and hiring, payroll, salary/fringe benefits administration, and government compliance. In confidence forward letter of in q u iry and resum e to Box A C D , c /o NORTHWESTERN BANKER, 306 15th St., Des Moines, la. 50309. Banking, Financial & Business Personnel Iowa and Nationwide CAPITAL PERSONNEL SERVICE 204 Securities Bldg. 5 1 5 -2 8 3 -2 5 4 5 Des Moines, Iowa 50309 POSITION AVAILABLE Opening for a young, aggressive person to head a new real estate and insurance department for a northwest Iowa county seat bank agency. Real estate brokers and life insurahce licenses required. Write Box ACF, c /o NORTHWESTERN BANKER, 306 15th St., Des Moines, la. 50309. SALE OR LEASE “C DES MOINES, IOWA 12’x30’ mobile bank building, 12’x55’ mobile bank building, 14’x60’ wood modular bank building, 14’x70’ wood modular bank building. All bank equipment included and available now from the leading distributor of preconstructed Financial buildings. SON CORPORATION, Box 684, Wichita, KS. 67201 (316) 942-8167, 68, 69. 515-245-7111 MEMBER FDIC 4 # AFFILIATED WITH CENTRAL NATIONAL BANCSHARES. INC A POSITION AVAILABLE Experienced banker to assume position of Executive Vice President in a $35 million bank located in a midwestern town of 12,000 people. Administrative and lending experience essential. Please send resume and salary requirements to Box ACB, c /o NORTHWESTERN BANKER, 306 1 5th St., Des Moines, la. 50309. BANKERS PARTICIPATING ¿eaAePldHi»« . 545-31 st Street • Des Moines, Iowa 50312 R. L. “ DICK” SELLON • P.D. “ DUANE” DEVAULT SERVING PROFESSIONALLY Central National Bank & Trust Company POSITION AVAILABLE Wanted, experienced person to head operations department in $11 million Western Nebraska Bank. Write Box ABV, c /o NORTHWESTERN BANKER, 306 15th St., Des Moines, la. 50309. Wanted, experienced person to head operations department in $9 million Central Nebraska Bank. Some insurance experience also preferred. Write Box ABX, c /o NORTHWESTERN BANKER, 306 15th St., Des Moines, la. 50309. YANKTON: James R. Echtermeyer has resigned as vice president of the American State Bank here. He has moved to Durango, Colo., where he will be associated with the Bums National Bank. .99 328 SO. 72nd ST. OMAHA, NEBR. 68114 PHONE 402-393-2320 FOR SALE FOR SALE We're glad to welcome Cy Kirk back to Des Moines. And to our correspondent bank department. 40 YEARS IN OMAHA SQUIRREL COIN BANKS look like the real thing! Flocked, cute, and so popular with young savers! Ideal for “Squirrel Club” Members! Sell fo r$ 1 .39. Our price, $1.00 Each. Minimum, 144. BOB TUCKER ASSOCIATES, Box 1222, Pt. Arthur, TX 77640. “Since 1958” Microfilmer /endorser and coin counter/sorter. First National Bank, Fairfax, Mn. 507-426-7242. ASHLEY: Max Wishek, Jr., has TOP PRICES PAID SIMON'S JEWELRY CO. South Dakota News North Dakota News • ESTATE APPRAISALS • INSURANCE APPRAISALS • BUYERS OF ESTATE JEWELRY AND COIN COLLECTIONS POSITION AVAILABLE Wanted, experienced person to head operations department in $11 million Southwestern Nebraska Bank. Write Box ABW, c /o NORTHWESTERN BANKER, 306 1 5th S t., Des Moines, la. 50309. POSITION AVAILABLE Real Estate Loan Officer for medium size Twin City Bank. Minimum of three (3) years experience in all phases of Real Estate lending. Send resume and references and salary requirements to Box ACC, c /o NORTHWESTERN BANKER, 306 15th St., Des Moines, la. 50309. POSITIONS WANTED Agri-Banking graduates from Iowa Central Communi ty College would like positions. Students have completed 80 weeks of study, including five AIB courses in banking, accounting, agriculture and 17 weeks of actual on-the-job training. Contact the Placement Office or Forrest B. Johnson, Agri-Banking Coordinator, Iowa Central Community College, 330 Avenue M, Fort Dodge, la. 50501. Phone: 515-576-7201. WANTED TO BUY Addressograph and Graphotype equipment. Please list model and serial number of machine. Write P.O. Box 607, Boone, la. 50036. POSITIONS AVAILABLE JUNIOR AUDITOR— Degree in Accounting desired. Major midwestern holding co. Excellent opportunity to advance.............. $10,000 AG-LOAN— Degree and 3-5 yrs. Ag-iending experience required. Position includes some tr a v e l.....................................................$20,000 SECOND OFFICER— Rural Bank in commun ity of 5,000. Knowledge of Ag-lending a m u s t..................................................................$22,000 CASHIER— $10MM rural bank. Prefer insur ance licenses and some exposure to Ag and instalment c r e d it ...................................$$ Open BUSINESS DEVELOPMENT OFFICER— Ma jor correspondent bank in midwest. Should have 2-4 yrs. bank experience with Degree in Marketing a p lu s ......................... $20,000 TOM HAGAN & ASSOCIATES Linda Blue Smith, President Box 12456,208 E. 18th Ave. No. K .C ., M O 64116-816/474-6874 Vol 6 N o. 48 Northwestern Banker Newsletter is published weekly by the Northwestern Banker Company, 306 Fifteenth Street, D es M oines, Iowa 50309. Subscriptions 25 cents per copy, $8 per year. Second class postage paid at D es M oines, Iowa. Address all mail subscriptions, changes of address [Form 3579] manuscripts, mail items to https://fraser.stlouisfed.org Federal above Reserveaddress. Bank of St. Louis Y
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