The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Vol. 3 No. 100 Des Moines, Iowa IB A Votes To Uphold Unit Banking The 959 member banks of the Illinois Bankers Association reject ed a ballot seeking change in the state’s unit banking structure. The branching proposition, which would have allowed banks to branch in the city of their home office or within five miles from that city limit, received 727 replies, with 444 or 61.1% no votes and 283 or 38.9% yes votes being cast. On the multi-banking holding company proposition, 726 replied. A total of 520 banks or 71.6% voted against and 205 banks or 28.2% voted in favor of the proposition. The Illinois Bankers Associa tion’s position will continue to be in opposition to any change in the state laws which now prohibit both branching and multi-bank holding companies, but allow for one detached drive-in facility within 1,500 feet of the main bank. AMBI Reaction The Association for Modern Banking in Illinois, the group of 276 banks that have withdrawn from the IB A, concludes that a majority of the banks in Illinois now favor a change in Illinois banking laws to permit branching and multi-bank holding companies. Walter J. Charlton, AMBI presi dent, says that with 283 IBA members voting for change and 276 members of AMBI favoring change, the to ta l number of supporters of change is 559. Two bills now in the state Senate are Nos. SB 25 and SB 26. No. 25 calls for permitting each bank to open a limited number of branch offices each year within a 25-mile radius of its headquarters or within its home county, whichever is greater. No. 26 would authorize formation of multi-bank holding companies that will be limited to the parent’s region of the state, be limited in the number of banks that can be acquired and be limited in the proportion of a region’s assets that can be held by any one organization. Expect 12,000 for ABA Centennial Convention The Centennial Convention of the American Bankers A ssociation (ABA), which will be held Oct. 4-8 March 31,1975 in New York City, is expected to attract more than 12,000 bankers and their wives. Coinciding closely w ith the Nation’s Bicentennial, the bankers’ Centennial meeting will expand upon a successful working format developed during the past several years. The 1975 ABA Convention will focus on the issues affecting banking in today’s rapidly-chang ing economy, such as public perception of banking, bank regu lation and who will do it, govern ment vs. industrial and consumer credit and competition and its role in a free economy. Other topics of special interest will be electronic funds transfer systems (EFTS), the outlook for the Nation’s money supply, enlarg ing minorities’ and women’s in volvement in all phases of banking, new initiatives on Capitol Hill and the state of the American economy. Registration and housing res ervation information for the 1975 ABA Convention will be mailed to chief executive officers of all ABA member banks during the first week of April. Other persons who wish to register for the Convention should contact Convention/Meeting Ser vices Division, American Bankers A ssociation, 1120 Connecticut Ave., N. W., Washington, D. C. 20036, (202) 467-4880. For Full Correspondent Banking Service We're as near as your phone Jay Bordewick https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Howard N ielsen CALL 1°1 536-2000 U S NATIONAL BANK MEM BER FEDERAL DEPOSIT IN SU RA N CE CORPORATION OMAHA An Affiliate of Northwest Báncorporation A good correspondent! bank relationship is still built by good people. Yours and ours. John Pothoven Corres. Banking Rep. Iowa News Federation of County Associa tions and the Iowa Junior Bankers Association will sponsor the State Banking Conference Wednesday, April 9, at the Des Moines H yatt House. Registration begins at 8 a.m. followed by the conference at 9:30. Speakers include Cecil Dunn, superintendent of banking, and Arthur A. Neu, lieutenant governor of Iowa, and Dale M. Cochran, speaker of the House of Represen tatives. BURLINGTON: Funeral services were held Saturday for Dale Kelley, president, First National Bank of Burlington. CEDAR RAPIDS: The Federal Reserve has announced its approval of an application by MorAmerica Financial Corporation to continue to engage in certain insurance agency activities pursuant to its merger with Bezanson Invest ments, Inc. HAMPTON: The Hampton State Bank building was destroyed by fire on February 24. All permanent records were saved b ut all equipm ent and supplies were destroyed, according to Ivan D. Call me toll free . . 800 332-5991 - Merchants ^ National Bank ISI C edar Rapids. Iowa 52401 A BA N K S O F IOWA' B A N K Davis, president. The bank moved directly across the street to the vacated F irst N ational Bank building which it will occupy until plans can be completed for the remodeling or rebuilding. HAWARDEN: The First State Bank will move into its new banking quarters on April 4 and will hold a grand opening on April 5 from 9 a.m. to 5 p.m. C. W. McCoy of Old Home fame will be present to meet friends and customers. LENNOX: Richard Walter has been named farm representative for The First National Bank. OAKLAND: Loren Lorenzen has joined the Citizens State Bank and has been named assistant cashier. He formerly was the head cattle buyer for American Beef Packers at Oakland. REMSEN: James P. Lage of Ravenna, Neb., has joined the staff of the First Trust & Savings Bank as managing officer. He has been elected vice president and cashier by the board. Mr. Lage formerly was vice president of The Ravenna Bank. STORM LAKE: James L. Patton has joined the agricultural depart ment of the Citizens First National Bank. URBANDALE: Jan Zoeckler has joined the Brenton Bank and Trust Company as marketing represen tative. Nebraska News The problems of an economy in recession and evaluations of the timetable for recovery will be outlined for bankers in a series of six economic forums this month. The forums are being sponsored by the Federal Reserve Bank of Kansas City in Cooperation with the Nebraska Bankers Association. Forums are planned for Grand Island, April 15; Scottsbluff, April 16; North Platte, April 17; Norfolk, April 22; Omaha, April 23, and Lincoln, April 24. Robert D. Hamilton, vice presi dent in charge of the Bank’s Omaha Branch, will be forum chairman, and a representative of the NBA will be on the program at each meeting. GERING: The Gering National Bank has filed an application requesting permission to change its name to The Gering National Bank & Trust Company. GRAND ISLAND: Grand Island Trust Company has been sold to the First Service Corporation, a wholly-owned subsidiary of Home Federal Savings and Loan Associ ation. OMAHA: The forums and seminar committee of the American Insti tute of Banking is presenting a seminar, “The Banking Economy,” April 2 at Anthonys Restaurant. Speaker is Dan Bechter, a research officer and economist for the Federal Reserve Bank of Kansas City. The presentation will be preceded at 7 p.m. by dinner. STAPLETON: The Federal Re serve Bank of Kansas City has announced its approval of the applications of Stapleton Invest ment Co. for approval to become a bank holding company through the acquisition of 98% of the voting shares of Bank of Stapleton and the Burnham Insurance Agency here. Ben Eilders, Senior Vice President wants to build a solid correspondent banking relationship with you. Bankers Trust https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Use our toll free WATS line: 800-362-1688 6th & Locust/ Des Moines, Iowa 50309 A* Send Your News Today to the NORTHWESTERN BANKER TELL US ABOUT. . . 306 Fifteenth Street DES MOINES, IOWA 50309 Staff Changes Business Campaigns Mergers, Consolidations New Departments at the Bank Remodeling or New Building A Y 4á. *>*> at r> rr y A a .A 0 M BANK A'fc' TITLE CITY r STATE https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Open Houses Anniversary Parties Deaths or Retirements Speeches Made by Bank Officers Special Announcements to the Public https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis CALL ON THE “PERFORM ANCE TEAMI” where comm on transactions are handled uncomm only well. FIRST NATIONAL U NCOLN 13th & M Street • Lincoln, Nebraska 68501 • Member, F.D.I.C. Minnesota News The Community Bankers Semin ar will be held April 15 and 16 at the Radisson South Hotel in Bloom ington. The seminar is being sponsored by the M innesota Bankers Association and the Bank M arketing A ssociation and is especially designed for all Minne sota bankers, with special emphasis on the needs of community bankers in the smaller and medium-sized banks. APPLETON: Farmers & Mer chants State Bank has increased its capital stock from $100,000 to $200,000 by stock dividend. MT. LAKE: Mark Hanson has joined the Farmers State Bank and will manage the insurance agency. He formerly was associated with the State Bank of Frost. Illinois News The turbulent 70s have brought about the new Pension Act including IRA’s and HR 10’s which will be discussed at the 38th annual Illinois Bankers Association Trust Conference, April 17 & 18 at the Marriott Motor Hotel, St. Louis, Mo. “About 200 bankers will review these current topics and consider techniques for developing profitable trust business,” com mented William S. Dillon, IBA trust division president and vice president, American National Bank and Trust Co., Chicago. CHICAGO: The 1974 Illinois Bankers A ssociation Group 1 meeting will be held April 1 at the Metropolitan Club, Sears Tower. DECATUR: Stockholders of the Soy Capital Bank and Trust Banking for a brighter future. For straight talk on corre spondent banking talk with Homer Jensen at CCB. We do your kind of banking. , T m CAPITALCITYBflflK Des Moines' second largest independent bank. Main Bank East Fifth and Locust 50309 Company have approved a transfer of $150,000 from surplus to capital and a $50,000 transfer from un divided profits to capital, a reduction in par value from $10 to $7.50 per share and a 2 for 1 stock split. Pending approval by authori ties, there will be 80,000 shares authorized and outstanding and capital will be $600,000 and surplus $1,200,000. D EER FIEL D : F irst N ational Bank has elected Robert W. Klatt, president and chief executive officer of American Chemet Corporation, a director. LOCKPORT: Eugene N. Comolo, owner of Cornolo Insurance and Travel Agency, has been elected a director of Bank of Lockport. MUNDELEIN: A charter has been issued for the New Century Bank at 2000 South Lake Street. Total capitalization will be $1,250,000 consisting of $500,000 in both capital and surplus and $250,000 in reserve. Officers are Dante A. Greco, president, and Robert N. Nilles, vice president and cashier, Carpentersville. Directors are H ar vey Pyes, Wilmette; Gerald Frishman, Glenview; Arthur W. Wesselhoff, Deerfield; John J. Barbarigos, Mundelein; Joseph Lolli, Skokie; Mr. Greco, Steven B. Randall, Raymond M. Fiocchi, S. William 515/244-5111 Pattis, Virgil P. Ritacca, all of Highland Park. OAK PARK: First Bank of Oak Park has elected Martin C. Ott and William H. Skach senior vice presidents. Other promotions in clude: Paul Bertrand and Frank J. Prucha, III, vice presidents; Grace L. Dahl, vice president and trust officer; Andrew J. Zuccarelli, vice president and auditor; John Harlstrom, assistant vice presi dent; Joan Harris, assistant secre tary, and James Mastrino, assist ant auditor. STERLING: The 1974 Group 4 meeting of the Illinois Bankers Association will be held at the Emerald Hill Country Club here. VERNON H IL LS: The New Century Bank’s application for Federal deposit insurance has been approved. Capital accounts of the bank total $1,250,000. WOODHULL: W oodhull S tate Bank’s application for Federal deposit insurance has been ap proved. Capital accounts of the bank total $500,000. « We re in our new home at Seventh an d W alnut. S to p in a n d visit us soon. ‘WE HAVE WHAT YOU WANT in a correspondent bank ’ IM H ni Voldy Vanags https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Iowa-Des M oines National Bank MFMBER FEDERAL DEPOSIT INSURANCE CORPORATION American Trust and Savings Bank 9TH A N D M A IN , DUBUQUE, IOW A MEMBER FDIC-FRS Colorado News POSITION AVAILABLE LAKEWOOD: Frank O. Starr has been named chairman of Jefferson Bank & Trust. He formerly was president and chairman of The Omaha National Bank in Nebraska. The bank was purchased for $11 million by John A. Dahlstrom, Salt Lake City attorney, and Gilbert L. Shelton, chairman and president of Tracy-Collins Bank & Trust Co. of Salt Lake City. Charles R. Canfield is president. Experienced insurance person to man age bank insurance agency. Good salary plus commission. Send resume to National Bank of Canby, Canby, Minn. 56220. Wyoming News LARAMIE: P. W. Wilke, presi dent of The First National Bank, has announced the appointment of Charles D. Vaughan to the board and the promotions of Robert A. Burnett to commercial loan officer, and Samuel R. Dunnuck, III, to instalm ent loan officer. South Dakota News HURON: The South D akota Bankers Association will hold the Ag Conference April 8-9 at the Marvin Hughitt Hotel. Topics to be discussed include: Grain Outlook, Farm Real Estate, Feedlot Opera tion, Cattle Slaughter, Future of Beef Industry and All Livestock, Estate Planning for Farm Families, Irrigation Development in South Dakota, Financing Irrigation, and Hedging. WANT ADS Rates 35 cents per word per insertion. Minimum; 12 words POSITION AVAILABLE Banking and Finance instructor, must have a minimum of th re e years experience in a bank. Prefer degree, but not necessary. Contact Art Bialka, Supervisor, Business and Office Educa tion, Area Vocational Technical Insti tute, Brainerd, Mn. 56401. BE YOUR AREA’S LEADING AG BANK. Doane’s Farming For Profit can fill a gap in your marketing program. Send this exclusive ag newsletter to the best farmers in your area. For a free 6-month sample subscription, write: D. R. Gorr, DOANE, Dept. 702, 8900 Manchester Road, St. Louis, Mo. 63144. POSITION AVAILABLE Trust Officer to manage growing depart ment. Emphasis on new business development. Excellent opportunity for someone with 3 or 4 yrs. experience. Replies confidential. Write Box WFD, c/o NORTHWESTERN BANKER, 306 15th St., Des Moines, Iowa 50309. FOR SALE Recordak Reliant 300 Microfilmer. Call Central State Bank, State Center, Iowa (515) 483-2505. POSITION WANTED Young man, age 32, with extensive experience in all phases (application through closing) in mortgage lending, and in special lending. Several years with Minneapolis savings and loan as loan officer, then manager of five departments. Have BA degree in Finance from Roosevelt University, Chicago. Wish to enter commercial banking. Have references. Will reloate. Married, two children. Box SSI, c/o NORTHWESTERN BANKER, 306 15th St., Des Moines, la. 50309. POSITION AVAILABLE Experienced banker, age 40, seeks opportunity for broader- responsibility and advancement. Now No. 2 man in $50MM deposit bank; responsible for installment loans, commercial and real estate loans, personnel and operations. Will relocate. Write Box ASM, c/o NORTHWESTERN BANKER, 306 15th St., Des Moines, la. 50309. OUR SPALDING “Pin-Flite” GOLF BALLS will keep your officer call program up to par! The price of $7.13 per dozen is possible because we have the warehouse and the dough. Of course, there is a slight catch. You must order 48 dozen at a time. Are you game? Warehoused, so no samples. But you will be so-o-o-o pleased. Bankers who know buy from Bob! BOB TUCKER ASSOCI ATES, BOX 1222, PT. ARTHUR, TX 77640. “Since 1958.” POSITION WANTED Banker, 46, desires position with poten tial for advancement. 20 years exper ience including installment and com mercial loans and operations. Resume and references furnished on request. Reply Box MWS, c/o NORTHWEST ERN BANKER, 306 15th St., Des Moines, Iowa 50309. POSITION AVAILABLE C ashier—E xcellent opportunity for someone with 3 or 4 years bank experience. Replies confidential. Con tact Chas. Ertzinger, 815/562-7071 (not 562-7171 as shown in March 24th edition). BANK OFFICERS WANTED POSITION AVAILABLE Managing officer for growing suburban bank in w est central W isconsin. Responsible for all areas of the bank. Salary open. All replies held strictly confidential. Send resume to Box SPW, c/o NORTHWESTERN BANKER, 306 15th St., Des Moines, Iowa 50309. When you need a little help call us on our toll free wats number 8 0 0 - 362-1615 EDDIE A. WOLF ACORN Registers "A ccepted Sale Registers by Bank Clerks E veryw here" For info rm a tio n w rite THE ACORN PRINTING CO. O akland, Iowa WILLIAM B. RUSSELL G. GREGORY S. GERALD B. GREAVES PLAGER WOLFE MURPHY Correspondent Bank Department Central National Bank & Trust Company . LOCUST AT SIXTH AVENUE. DRIVE-IN MOTOR I FULL SERVICE OFFICE / ; INGERSOLL. DES MOINES. PHONE 243-8181. MEMBER I TRUST— Head for$20MM Oklahoma bank........ $14,000 TRUST— Missouri bank over$100MM................. $18,000 COM’L LOAN— $20MM west Texas bank. Some trust experience helpful............................$18,000 TRUST— Mo. holding co. over$20M M ............... $20,000 TRUST— Small dept. nearGulf C oast................. $16,000 AGRI-LOAN—$20MM Iowa bank..........................$15,000 INSTALLMENT LOAN—$20MM west Kansas b a n k ............................................................ $15,000 AUDITOR— Mo. holding co. over$200MMM .. .$18,000 C .E.O .—$17MM Kansas suburban......................$20,000 SENIOR COM’L LOAN—$400MM Missouri holding c o .................................................. $24,000 TRUST— with investment exper. & J. D. degree. Large holding co., N. D ak o ta ................. $18,000 COM’L LOAN (2)—$100MM Kansas bank.. .$15-20,000 Applications completely confidential. This is just a sample of some of the opportunities available in the Midwest and Southwest. MIT TAKES A BANKER TO KNOW ONE” TOM HAGAN & ASSOCIATES Box 12346, N .K.C., Mo. 64116 (816) 474-6874 Vol. 3 No. 100 Northwestern Banker Newsletter is published weekly by the Northwestern Banker Company, 306 Fifteenth Street, Des Moines, Iowa 50309. Subscriptions 25 cents per copy, $6 per year. Second class postage paid at Des Moines, Iowa. Address all mail subscriptions, changes of address (Form 3579) manuscripts, mail items to above address. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
@FedFRASER