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Vol. 14 No. 46 March 3,1986 Des Moines, Iowa DES M OINES: A t First Interstate Inform ation System s o f Iowa, Inc., e g u l a t i o n s governing vari downs. It was stated in the legisla the follow ing individuals were pro ous aspects o f Farmers Home ture that the program couldn’t help m oted from vice president to senior enough farmers, but probably would vice president: Richard Bro, data Adm inistration supervision o f the new Farm Program enacted by Con assist upwards o f 1,500 hard- processing; Claude Dawson, bank gress were issued late last week at pressed borrowers who could cash ing operations, and Larry Glass, marketing for both data processing press time, after being held up by flow with this added assistance. Senate Banking Committee hear and banking operations. the O ffice o f Budget Management ings conducted by Chairman Jake for tw o weeks. Although a summary DES M OINES: New senior vice Gam (R., Utah) are to get underway o f the new regulations was not im presidents at Bankers Trust Com mediately available at press time, it March 6 on ag crisis proposed solu pany are Roger A . Downs, manag was understood that the interest tions. The federal bank regulators ing officer o f administration; Steven rate buy-down portion would consist have made their recommendations G. Jacobs, retail division, and Jack o f the planned 2 + 2 program as requested by Sen. G am and they A . Rogers, trust division. Fm H A had been counting on to indicate a willingness by the FDIC work with farm borrowers and lend and Com ptroller to work out some DES M OINES: Brenton National ers. Under this progam , Fm H A will kind o f forbearance and/or some Bank o f Des Moines will close its of match up to 2% a reduction in inter kind o f program for extended amor fice at 10th and Grand on March 14. est rate by the lender, giving the tization o f non-performing or bad Changing tra ffic patterns have shifted consumer use to other down □ borrower a 4% drop in rate. To quali loans. town offices, according to the bank. fy, it must be shown that the bor Iowa News Personnel and operations o f the rower could not make the loan cash flow without benefit o f the interest BURLINGTON: A t Hawkeye Bank closed office will be relocated. and Trust, several officers have been SOM ERS: Am ong recent appoint rate buydown. If the regulations conform to pre prom oted. Douglas S. Grinde, who ments at Somers Savings Bank were viously announced figures, there will will continue as president, was C.J. McConnell and Thomas L. Lit be $480 m illion available in the elected chairman o f the board, to tle. Mr. McConnell, who joined the write-down fund, with the program succeed the retiring Thomas B. bank in April, 1985 as chairman, has scheduled to run three years. The Read, Jr. James A . M cCarthy was been elected president and chairman borrower would be restricted from prom oted to executive vice presi o f the board. Mr. Little, who joined selling assets during the three-year dent, Ray P. Siefken to senior vice the bank in 1959 and has been serv president—operations and cashier, ing as vice president and cashier, period. In Iowa, the state legislature last Frank J. Delaney III to senior vice has been appointed executive vice week was wrestling with a proposal president and senior trust officer, president, cashier and CEO. to add an additional 3% buy-down to Robert P. Ritson to senior vice presi that 4% total for operating loans up d en t-loa n s, Douglas R. W irth to as TIPTON: Citizens Savings Bank o f to $50,000 limit. That House vote o f sistant vice president—agricultural Anam osa com pleted a purchase and 94-5 would provide a $5 m illion pool loans and Andrea C. W alsh to ac assumption o f the approxim ately $17.5 million in deposits o f First Nato add to the FmHA-lender write counting officer. FmHA Regulations Just Issued R YAKE, SPRENGER AND JENNINGS Getting it done for you. Ernie Yake Bill Sprenger Tom Jennings 234-2483 234-2625 234-2484 Commerce Bank KansasotyN > https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis MEMBER FDIC Telephone (816) 234-2000 , H k H Norwest Bank Des Moines N.A. mmmmm mmmmm mmymm Call (515) 245-3131 or toll-free (800) 362-2514 NORWEST BANKS Member FDIC Yearn work: one of the reasons we’re first in Iowa. John Cretzmeyer tional Bank o f Tipton, which was closed by the Comptroller o f the Currency examiners February 14. The bank was re-opened the follow ing day as a branch o f Citizens Sav ings. There were approxim ately 5,400 deposit accounts. Citizens Savings paid FDIC a premium o f $491,749, and purchased certain o f the failed bank’s loans and other as sets for $14.3 million. FDIC ad vanced $2.7 million to assist the pur chase and retained book value assets o f about $3.4 million. U RBAN D ALE: A t First Interstate Bank o f Urbandale, Craig B. Jones has been appointed senior vice presi dent and senior lending officer. He also serves as a member o f the bank’s executive com m ittee and is ASK T E R R Y M A R TIN to make M NB work for you. chairman o f the loan committee. Prior to joining the bank he was a vice president in the capital lending group o f Norwest Bank in Minnea polis. Omaha National Bank. He will con tinue also as president and CEO o f First National Bank, Lincoln, as well as president and CEO o f FirsTier, Inc., the holding com pany that owns both banks. John D. W oods continues as chairman and CEO o f F irsT ier, Inc. A lso , G ary K. Thrasher was prom oted to senior executive vice president o f Omaha National. O M AH A: Dewey E. Crouch has joined Southwest Bank and Trust Company o f Omaha, to head up the newly designated real estate loan department. Over his 30 year bank ing career he has been an executive officer at three Omaha financial in stitutions. Minnesota News Nebraska News The Nebraska Young Bankers Or ELK RIVER: Two have been pro ganization, a division form ed by the m oted at the Bank o f Elk River. Pat Nebraska Independent Bankers’ A s Dwyer moves to senior vice presi sociation for bankers from the ages dent, a new position. He has served o f 25 to 40, held its winter meeting the bank since 1966, m ost recently in Kearney on Feb. 8. The meeting as vice president and cashier, and is featured topics by Roger Hirsch, also a director. Stewart W ilson is his chief counsel for the Nebraska De successor. He has worked at the partment o f Banking and Finance, bank since 1975, m ost recently as and Kurt Y ost, executive director assistant vice president. for the N IB A , as well as a couples’ session on communication. For more FRID LEY : Fridley State Bank has inform ation about the organization, prom oted John Gargaro, loan de partment manager, to senior vice call Kurt Y ost at (402) 474-4662. president; Marcia J. Etlicher to FREM ONT: Douglas L. Heim has cashier, and M ary T. Ingaldson to joined Am erican National Bank of assistant cashier. Fremont as executive vice president. He was form erly executive vice M IN N EAPOLIS: Three have been president o f Hastings State Bank, prom oted to vice president by First Hastings. His duties will include Bank Minneapolis. Maureen W . M assopust form erly served as assis supervision o f lending at the bank. tant vice president in the interim O M AH A: First National Bank has construction loans division. Carleannounced the prom otion o f Robert ton L. Olmanson joined the bank in Tritsch, senior loan officer, to senior 1983 as assistant vice president in vice president. New vice presidents the manufacturers division. Gary P. are W . Scott M orris, manager o f the Veverka had been assistant vice leasing department, and Steven K. president in the multi bank holding Ritzman, corporate and financial in companies/multi bank owners divi stitutions division. sion. O M AH A: W illiam C. Smith has been elected president and CEO o f ST. AN TH ON Y V ILL A G E : St. An thony National Bank has announced We’re Security for You Toll free 1- 800- 332-5991 Merchants ^ National Bank 151 Member F.D.I.C. A ‘BANKS OF IOWA’ BANK https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A t Security National Bank, w e’re people you can count on to handle all o f your Correspondent Banking needs. So, start corresponding w ith us. W e’re Security for you! SECURITY N ATIO N AL BANK IN SIOUX CITY, IOWA. MEMBER F.D .I.C. Dennis Nahnsen V ice President and M anager Correspondent Banking Services 712-277-6768 Call on the “Experienced Professionals” ^ F irs T ie r Banks Ready to m eet your correspondent needs. • ^ 0 • m 9 0 • • 9 — 9 First National Lincoln Member fdig 13th & M Streets, Lincoln, Nebraska 68501 principle for the acquisition by First Illinois o f First Burlington. First Il linois is the parent holding com pany for the First Illinois Banks o f Evan ston , W ilm ette and A rlin gton Heights, and First Illinois Finance Company. First Burlington is the ST. PAU L: Bremer Financial Ser parent holding com pany for Lavices, Inc. has announced three proGrange Bank & Trust Company and m otions to vice president. Richard First Burlington Bank o f W illowBruce, form erly assistant vice presi brook. The transaction is valued at dent-investm ent portfolio officer, $28.2 million. was prom oted to vice president—in vestm ents. Thomas D oyle, former North Dakota News controller, was advanced to vice BISM ARCK : Three senior vice president—controller. Allan Puffer, presidents have been appointed at previously assistant vice presi the Bank o f North Dakota as part o f dent—ED P planning, was prom oted a management reorganization. They to vice president—system s planare Ruben Sailer, form erly senior ning. vice president o f adm inistrative and W H EATON: First Bank W heaton retail banking, who will oversee all has announced the prom otion o f retail bank operations; Robert J. Marques J. Doppler to vice presi- Gruman, form erly senior vice president. He joined the bank in 1982 and dent/credit specialist, who will be re m ost recently served as assistant sponsible for all lending activities, vice president. and Ronald J. Farmer, who will as sume the responsibilities o f adminis Illinois News tration and finance. CHICAGO: Dennis F. Voss has re M AN D AN : A t Norwest Bank Mansigned as chairman o f the board of dan, Steven C. Felchle has been pro First State Bank o f Chicago to as m oted to vice president, agri-busi sume the duties o f chairman o f the ness loans. He joined the bank in executive com m ittee. He remains as 1984. He succeeds Dennis Renner, chairman o f the board o f Parkway who has accepted a position with Bank & Trust Company. Succeeding Norwest Corporation as vice presi him is Joseph D. Zizzo. Mr. Zizzo dent, credit administration. will remain as vice chairman o f the N O RTH W O O D : A t N orthw ood board o f Parkway Bank & Trust Co. State Bank, recent prom otions in as well as assuming the title o f chair cluded the advancement o f Mike man o f the executive com m ittee Granlund to vice president. He there. joined the bank in 1981. CHICAGO: James J. Carmody has been named executive vice president South Dakota News o f the Cole-Taylor Financial Group, S IO U X F A L L S : C .P. “ B u ck ” N orthbrook, to head up the credit M oore, Norwest regional president and asset quality control for the for South Dakota also has been group. He will retain his current ti- elected chairman and CEO o f Nor tie o f chairman o f Drovers Bank o f west Agricultural Credit, Inc., head Chicago, a member o f the group. quartered in Sioux Falls. W endell Lotthammer has joined the bank as executive vice president and COO. He was previously with First Bank Southdale as senior vice president and manager o f the retail and operations division. EVANSTON: First Illinois Corpora tion and First Burlington Corpora tion have reached an agreement in Colorado News D EN VER: Robert A . Krane has been elected president and chief op erating officer o f Central Bancorpo ration, Inc., it was announced by Donald D. Hoffm an, chairman and CEO. Mr. Krane form erly was vice chairman and a director o f Norwest Corporation, Minneapolis. Correspondent Banking Are you happy with your present availability schedule? If not, call United Missouri. Let’s face it. The sooner you get it, the faster you can invest it. That’s why United Missouri’s new avail ability schedule can help cut costly float time. Our national clearing pro gram, competitive pricing and dayto-day personal service make United Missouri one of the best sources of correspondent services in the coun try. Give us a call for information, then make comparisons. We think you’ll call us again. TR U ST OPPTY - IA & IL HEAD— of $650mm dept.................................. $52K NO 2— In $1.2 bil dept....................................... $45 K Serving bankers quietly and efficiently. Wyoming News DOUGLAS: The $13 million First National Bank o f Douglas, which was declared insolvent, has been purchased by First W yom ing Bank o f Douglas, a member o f First W yom ing Bancorporation. First Na tional will be merged into First W yom ing Bank. NO 2— in $150mm dept.................................... $45 K Ib UNITED MISSOURI BANK MemberFDic Qf Kansas City, ii.a. HEAD— of $120mm dept.................................. $45 K CAPITAL PERSONNEL SERVICE 714 First Interstate Bank Building Des Moines, Iowa 50309 515-283-2545 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Contact Barbara J. Ritta at PROFESSIONAL RECRUITERS, INC. P.O. Box 24227 Omaha, NE 68124 1•800-225-2885, In NE (402) 397-2885 10th and Grand, P.0. Box 226 Kansas City, Missouri 64141 (816) 556-7900 POSITION A V A ILA B LE SENIOR VICE PRESIDENT $100MM bank, rural area, close to college town. Banking degree, solid lending experience, man agement skills are necessary. Salary and fringe benefits commensurate with experience. Send re sume to File No. W EG c/o Northwestern Banker. POSITIONS AVAILABLE COM M ERCIAL LENDER - $170MM IL bank. Man agement potential. To $45K. AG LENDER - $55MM IA bank. Need career ori ented individual with min. 2 yrs. exp. To $30K. POSITIONS AVAILABLE $55MM Northeast Iowa Bank needs an experienced EX ECUTIVE VICE-PRESIDENT. Send resume to W EA c/o Northwestern Banker. (PA) R $70M Montana bank seeks a CONSUMER LOAN OFFICER. Three plus years experience. Salary commensurate with experience. Good benefit package. Excellent opportunity for right person. Progressive community, wéll located for recreation. Send resume to File No. W EN c/o Northwestern Banker._________________________________________ (PA) VP RETAIL BANKING DEPT. $200M N.E. Iowa bank has opening for someone to head up its retail banking dept. This successful applicant will have a background in con sumer lending & administration. Salary open. Send re sume to File No. WEO, c/o Northwestern Banker. (PA) egency RECRUITERS. INC. SENIOR M AN AGEM ENT position in small, but growing, Colorado bank. Must be experienced in commercial lend ing. Send resume to file WEL, c/o Northwestern Banker. ____________________________________________________ (PA) $65M bank needs AG O FFICER with solid lending back ground. Diversified loan experience a plus. Rate oppor tunity for qualified individual. Excellent salary and bene fits. Strong bank in nice Montana location. Send resume to File No. WEM c/o Northwestern Banker. (PA) W A N T ADS— Rates are $5.00 per line per insertion. Add $3.00 for file letters per insertion. Identity of file letter advertisers cannot be revealed. N O R TH W E S TE R N BANKER, 1635 Undsn Suits 201, Dos Moinos, Iowa 50309. Phono 615-244-8163 AG LOAN O FFICER for eastern Iowa bank, should have 3-5 years experience .........................................Salary to $35,000 TR U S T O FFICER for northern Iowa, prefer law de g re e ___ ........................................................................ Salary to $35,000 RETAIL BANKER for major la holding co. . Salary 45,000 + Diane Evans 1102 Grand Avenue, Kansas City, MO 64106 816/842-3860 EXECUTIVE VICE PRESIDENT for $60M Iowa bank. Should be qualified to become C E O ......................... Salary $50,000 VICE PRESIDENT A AG LENDING O FFICER, possible #2 position. Good loan experience record preferred ............... ........................................................................Salary to $40,000 EXECUTIVE VICE PRESIDENT for community bank in northwest Io w a ............................................................... Salary$35,000 BANK SALES AND PURCHASES ED D IE A. W O L F Eddie Wolf Bank Sales 7202 Maple Drive, Des Moines, la. 50322 Phone: 515/278-2271 AG LOAN O FFICER possible #2 man for holding co. bank In central la........................................................................Salaryopen EXECUTIVE VICE PRESIDENT for $50M bank. Requires op erations and lending experience ..................Salary $40,000 COMMERCIAL REAL E S TA TE O FFICER for major holding company bank. Must know secondary market procedures .................................................................................. Salary open VICE PRESIDENT RETAIL BANKER for major holding com pany bank ..............................................................Salary open SENIOR COMMERCIAL LENDER for key Iowa bank, excel lent opportunity for right pe rson..................................Salaryopen DONgCHOOLER In AND m S m ASSOCIATES "Successful Banking is Quality Personnel" BURROUGHS S1200 - 8 PO CKET PROOF MACHINE. Low volume machine, has been under maintenance. For sale due to conversion to Service Bureau. Contact Steve Zamastil at Corn Belt State Bank, Correctlonvilie la. (712) 372-4421. $1,500 or best offer. (FS) KORDEX MODEL 80 LEKTRIEVER for following letter or legal size material; 1191/a” high with 1,586 filing inches capacity. Will need to be reassembled. Contact Mike at (308)995-6531. (FS) POSITIONS AVAILABLE BRANCH MANAGER Experienced lender needed for $15m+ portfolio in metro area. Knowledge of financing of trucks for Indiv owner/ operators and major carriers a must. Long-term career oppty in growth oriented holding co. $32K. TR U S T OFFICER/JD Senior position in charge of a small dept in $60m + bank. 2 yrs exp in a bank environment and a take charge attitude req’d. $36K. W O RKOUT SPECIALIST Large community bank located In county seat of recover ing area seeks proven senior lender who desires potential presidency in $50m + institution. Bank Is well capitalized but needs a challenge motivated driver to handle problems and provide direction. $45K. FOR FURTHER INFORMATION FOR THESE & OTHER POSITIONS RESPOND IN CONFIDENCE TO: KURT FOSENCRANTS i MI MI MI R M W OB 1 W T H A L F 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 ® WORLD’S LARGEST BANKING, EDP, & FINANCIAL SPECIALISTS ALL FEES COM PANY PAID AG LOAN O FFICER for eastern Iowa bank. Requires 2-5 years lending experience...............................................Salary$25,000 POSITIONS AVAILABLE AUDITOR/CPA for Iowa holding company Salary to $30,000 COM M ERCIAL LOAN O FFICER Progressive, large bank dedicated to professional commercial lend ing techniques. Average length of service is over 15 years per employee. Salary is In the $30,000$40,000 range depending on experience and col lege degrees. Please call Malcolm Freeland or Cy Kirk in care of: COMM ERCIAL VICE PRESIDENT 2-3 years credit experience. Begin with a $10mm portfolio and with credits from $500,000. Bank size: $90mm range. Salary range Is broad depending on years of experience....................................25,000-340,000. NEAR NEW BRANDT CURRENCY CO UN TER . Call 515756-3361. (FS) PRESIDENT & CEO for $50 million asset midwest bank. Good earner with a clean po rtfolio............................. Salaryopen VICE PRESIDENT, COMM ERCIAL In a $175 + bank doing lending 75% and PR 25% of his time. Beautiful location, suburban bank. Position will lead to supervision of another department. Salary range will be in t h e ....................................$40,000’s. COMM ERCIAL LENDER in a $150+ + bank in an excellent metropolitan-suburban location. Salary will range from ......................... $30,000 to $35,000. HEAD O F LENDING for a $65mm bank in Northern Arkansas, 20,000 population, low cost of living, nice golf course, excellent medical services, pro gressive schools with strong atheltic programs. . ................................................ Salary $50,000 + + + . REAL E S TA TE AND CONSUMER LOAN OFFICER, VICE PRESIDENT, for a $20mm + bank in small town within 1 hour of a city. Lending is mainly construction, residential and commercial real es tate and some consumer. Salary will be nego tiable around ................................................ $25,000. ALL AROUND LENDER is a $50mm + bank in a small town within 1 hour of metropolitan area and lake area. Lending Is real estate, ag, commercial. The bank Is clean and earnings are very good. EXECUTIVE VICE PRESIDENT leading definitely to PRESIDENT for a $20mm bank with ROA over 1 % . Lending will be in $150,000-$200,000 range, good location. Salary ran ge........$35,000-$40,000. PRESIDENT for a $70mm bank in town of 20,000. Needs to be thorough, needs to work well with the board, and extremely socially minded. Requires a background as CE O with commercial and agricul tural lending expertise as well as administrative and business development abilities. Freeland Financial Service 1010 Equitable Bldg. Des Molnee, IA 50309 515/282-6462 Employer pays fee. Marketing Representative Computer vendor offering exceptional opportuni ties to high achievers with experience in selling solutions to the financial services Industry. We have immediate opportunities available in Des Moines. In addition, we’re looking for successful people currently working in the financial services indus try. With Burroughs product training, you’ll maxi mize your specialized knowledge in a direct sales role to your field of expertise. If you have at least 4 years success selling infor mation systems, or 5 years experience as a finan cial industry specialist, talk to us now. We can offer you the excitement of a company on the move, excellent compensation, and compre hensive paid benefits. Please send your resume and salary requirements in assured confidence to: File No. WEP c/o Northwestern Banker. (PA) PO SITIO N S A V A IL A B L E COMM LOAN •$100M suburban bank seeks commercial lender with strong technical skills and 3-5 yrs. lending ex perience. $32K AGRI-LOAN • manage Ag portfolio and assist with com mercial credits In $40MM community bank. May advance to second man position. $35K AG/COMML LOAN •$25M community bank within 50 miles of large urban area. Need 5 yrs. agri-loan and some com mercial lending experience. $30K COMML LOAN - addition to staff of affiliate of major midwestern holding company. Experience with six figure cred its required. $28K COMMERCIAL DEPARTMENT HEAD; $75mm+ + , independent bank. Portfolio will begin with $10mm pure commercial credits in a $40mm total commercial portfolio. Bank’s ROA is over 1% , good retention of officers............Salary is $50,000. OPERATIONS - handle asset/llability management and in vestments for medium size S & L Degree required. $30K DON W. SCHOOLER 2508 East Meadow Springfield, Missouri 65804 (417) 882-2265 2024 Swift - Box 12346 North Kansas City, MO 64116 816/474-6874 Additional opportunities available in midwestern states. Resume requested. TOM H A G A N & A SSO C IA TE S “ Serving the Banking Industry Since 1970” Vol. 14 No. 46 Northwestern Benker Newsletter (USPS 873-300) Is published weekly by the Northwestern Bsnker Compsny, 1535 Linden Street, Suite 201, 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 mall subscriptions, changes of address (Form 3579), manuscripts, mall items to above address. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
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