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March 7,1983 Des Moines, Iowa Vol. 11 No. 46 Ag Task Force, Regulators in Harmony MID an atmosphere of cooperation and understanding, the recently-appointed ABA Ag Task Force met with federal bank regula tors in Washington, D.C., last week and agreed to work together through every means possible to maintain a working partnership between the ex aminers and bankers to help bankers work with their ag customers. C. Robert Brenton, president elect of the ABA and and president of Brenton Banks, Inc., Des Moines, is chairman of the Task Force. An ABA statement after the meeting said ‘‘bankers recognize that some farmers will not make it through these troublesome times and will drop out of farming. Bankers have shown their willingness to work with these customers in order to minimize losses until that time when the farmers can voluntarily li quidate and thus receive what re mains of their equity. Other farm customers can well survive this economic situation but need a period in which their banker will take every reasonable alternative for working out their financial trouble.” ABA also pointed to its recent survey which said “delinquencies are growing, but community bank ers have relatively few foreclosures compared to other farm lenders. The reason for that is that bankers went beyond the traditional bounds of lending and are counseling and pro A ^ ^ w ^ £ £ £ 0 • • viding more non-credit services. Bankers are reducing interest rates and, in some cases, foregoing earn ings in a desire to continue with ag customers with a reasonable chance of success.” The ABA statement said the Task Force “discussed these five con siderations with the regulators: “ 1. The Ag Task Force believes the best approach is to work in part nership with bank regulators, cus tomers and others to arrive at an ac ceptable solution within the existing laws and system. Forbearance and cooperation until the economy im proves are the keys to overcoming this economic crisis. “ 2. The Task Force believes Con gress should be concerned with the U.S. and world economies in recover ing from recession and inflation, and not enter into legislative initiatives that would prohibit or delay foreclo sure actions on an indiscriminate basis. “ 3. The Task Force believes the Administration should pursue every opportunity to expand and develop export markets, and should not dis rupt the export market place through the use of economic sanctions. Ac cordingly, ABA has adopted a reso lution imploring the President to refrain from the use of embargoes to achieve certain foreign policy objec tives. “ 4. Task Force members encour age a continuing dialogue and coop eration between agricultural bank ers and federal and state regulators. In this regard, we have agreed to meet with representatives from the regulatory agencies to continue a dialogue between the bankers and the regulators. “ 5. We encourage bank regulators to communicate with their field ex aminers to sensitize them to the con cern that bankers need to be given reasonable opportunity to continue with their worthy ag customers dur ing this economic crisis.” There was encouraging evidence of harmony among all participants as the issues of problem ag loans were discussed in a vein of doing everything that can be done within the law to keep farm customers in business. It was agreed th at the Task Force and regulators would meet again in six months. □ CALL ON THE “PERFORM ANCE TEA M ” where common transactions are handled uncommonly well. umili! FIRST NATIONAL LINCOLN • https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 13th & M Street • Lincoln, Nebraska 68501 • Member, F.D.I.C. 2 Estate Appraisals H ow did we get to be first in Iow a? Gariy Frandson IOWA . nesMomes A A N ATIONAL BA N K By putting Iowa first. Sale o f Rare Coins Reliable and respected service for over 20 years Used by bankers throughout the midwest An Affiliate of Northwest Bancorporation D A N C O Member FDIC Iowa News BIOS Institute, the education center of Banks of Iowa Computer Services, Inc., is featuring an “ A sset Liability M anagem ent” seminar on March 16. Carol Swiger, president of Swiger Consulting Group, Inc., in Reston, Va., will be the instructor for the seminar. Mrs. Swiger has 15 years of experience with financial institu tions. A large turn-out is expected since this is a high interest topic with bankers. Information may be ob tained by calling (319) 395-6704. ALGONA: Paul Johnson, president of the Iowa State Bank, has an nounced that Dennis J. Besch has been hired as an assistant vice presi- ASK JOHN MANGOLD to make MNB work for you. Toll free 1- 800- 332-5991 Call (515) 245-3131 or toll-free (800) 3 62-2514 dent and loan officer for the bank. ANKENY: Kenneth W. Keniston, president of Ankeny National Bank, has announced th at the bank has converted to a state chartered finan cial institution, effective February 25. The bank has also changed its name to Hawkeye-Ankeny Bank and Trust. Ankeny National was purchased by Hawkeye Bancorpora tion in 1982. In addition, Robert D. Hanes has joined the bank and will be responsible for lending and assets/liability management. He pre viously was with First State Bank of Chariton as vice president. Merchants A National Bank 151 A 'BANKS OF IOWA’ BANK Ben E . Marlenee Coins 913 Locust Des Moines, Iowa 50309 515-243 8064 DUBUQUE: Michael J. Lampo has joined Dubuque Bank & Trust Com pany as an ag rep. He previously was with Production Credit Associa tion in Wilton for one and a half years. NEW ALBIN: J.E. Welsh, presi dent of the New Albin Savings Bank, has retired after 62 years of service at the same bank. Albert Fruechte was named president to CANTRIL: An agreement has been succeed Mr. Welsh. Also named were signed by Mona G. Norris, chairman Raymond J. Whalen, vice president and president of State Savings Bank and cashier, and Barry Fruechte, here, to sell the bank to the holding assistant vice president. company which owns Farmers State Bank, Keosauqua. John A. Mann SIBLEY: David D. Vaselaar, ex ing, vice president and cashier of the ecutive vice president and tru st of Keosauqua bank, said the agreement ficer of the Sibley State Bank, has is subject to regulatory approval announced that Michael S. Mahlenand may take six months to com dorf has joined the bank as vice plete. He said the Cantril bank president. He previously was with would not be merged, but continue Citizens State Bank in Donnellson as vice president. Also promoted as a separately chartered bank. were: Harris J. Kruse, assistant vice DES MOINES: Sally E. Smith has president; Marcia Hilbert, data pro been elected vice president, sales cessing officer, and Pamela Vande and service, of Hawkeye Bank & Hoef, assistant cashier. Trust. Ms. Smith joined the bank in 1981 and is responsible for the Nebraska News ATM/CIF, customer servcie, inves tor center, training, marketing and The Nebraska Sandhills Group of sales areas. NABW will be holding their “Ex- An important new profit center for your bank: ■ Member F.D.I.C. Purchase o f Collections Leroy Bell or Milt Hennick 319 - 291-5412 a com puterized local billin^credit service National Bank of Waterloo 315 East 5 th St. • W aterloo, IA 5 0 7 0 4 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Contact: Member Federal Reserve System FDIC 3 MFHutton O ne Carriers Building Des Moines, Iowa 50309 Telephone: (515) 243-1203 NEW ISSUE Moodys: A We own and offer subject to prior sale and change in price and subject to our attorney’s approving opinion: $ 2 ,545,000 BOONE, IOWA General Obligation Bonds DATED: March 1,1983 DENOMINATION: $5,000 Both principal and semiannual interest (June 1 and December 1; first coupon due December 1,1983) payable at the office of the City Treasurer, Boone, Iowa. IN THE OPINION OF COUNSEL INTEREST ON THESE BONDS IS EXEMPT FROM ALL PRESENT FEDERAL INCOME TAXES. MATURITIES 8.60% June 1, 1984 June 1, 1985 June 1,1986 June 1,1987 June 1,1988 6.70% $170,000 June 1,1989 6 3/4% $190,000 June 1, 1990 ‘ Callable June 1, 1992 at par. $ 50,000 65,000 85,000 110,000 110,000 4.50 5.00 5.50 6.00 6.25 $390,000 7.00% June 1,1991 7.00 $435,000 7.20% June 1,1992 7.20 6.50 6.75 $425,000 515,000 7.40% June 1,1993 June 1,1994 7.40* 7.60* LEGALITY TO BE APPROVED BY AHLERS, COONEY, DORWEILER, HAYNIE & SMITH, ATTORNEYS, DES MOINES, IOWA The City of Boone is located in central Iowa approximately 45 miles north o f Des Moines. The Boone County annual fair is held in August at the town of Boone which is the county seat. The fair consists of 22 acres, livestock and poultry buildings, county auditorium with 1,000 seating capacity. Major employers in the City include Quinn Manufacturing (concrete tile forms); Merit Baking (Archway Cookies); Gates Rub ber Company (hydraulic hose connectors) and Mid-States Steel (metal fabricators). Transportation is provided by U.S. Highway 30 and State Highway 17. Boone has two banks with assets over $99,800,000 and two savings and loan associations with assets of $103,733,306. These bonds are being issued for the purpose of providing funds to pay the costs of the construction of certain improvements and extensions to the Municipal Sewage Works and Facilities, and of the construction of the Boone, Iowa, Street Improvement Project, 1980 #3. FINANCIAL STATEMENT Assessed Valuation, 1983 Actual Valuation, 1983 Net Direct Debt, including this issue Net Direct Overlapping & Underlying Debt Population, 1983 estimate: 12,426 Net Direct Debt: $428.13 per capita Combined Net Debt: $454.14 per capita $206,259,967.00 206,259,967.00 5,320,000.00 5,643,228.00 The information contained herein is not guaranteed, but is derived from sources which we deem reliable and is that on which our purchase of these bonds are based. Bonds of particular maturity may or may not still be available or may now be available at a price or yield different from that indicated above. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis H ( O d IOWA NATIONAL BANK CURRENCY * Covvespo RepfeS',erXáWe 0613 m W 1 * ® C O D Í« ® * * ® t i* \QVJ^BM W S S Íw P * ^ * : ecutive Night” meeting in Bassett on March 17. The main speaker for the evening will be Kathy Votow, correspondent banking officer from the First National Bank & Trust Co., Lincoln. Ms. Votow, who has been on a tour of China, will give a talk and show slides from her tour, on the agriculture conditions in China. OMAHA: Gregory P. Carlson has been elected vice president and di rector of human resources, announced John R. Cochran, president of the United States National Bank. Mr. Carlson joins the bank from a Banco affiliate in Bloomington, Minn. PLAINVIEW: Roger D. Synovec has been promoted from senior vice president to executive vice president BELLEVUE: A t Tri-County Bank of Plainview National Bank. Mr. & Trust, Lance K. Wise was ap Synovec has been associated with pointed vice president of the com the bank since 1972. Also, Merle mercial loan department. He joined Johansen, who joined the bank in the bank from First National, Hays, 1980, has been elected assistant Kansas. John H. Becker, Jr., was cashier and auditor. also promoted to vice president and will have the responsibility for the Minnesota News newly-formed trust department, per The Minnesota Bankers Associa sonnel, collections and the bank’s tion is sponsoring a one day work discount brokerage service. shop for bank supervisory personnel to be held April 6 in WiUmar and BLAIR: Blair Bank, Inc., has an April 7 in Owatonna. Pat Coleman nounced the addition of Lloyd will conduct the workshop. Scheve and John E. Queen as senior * * * vice presidents. Mr. Scheve formerly was vice president of the First Se The Twin Cities Chapter of the curity Bank of Holdrege. Mr. Queen, Bank Administration Institute will who will serve as senior loan officer, be conducting a seminar entitled formerly was with First National “Strategies for Handling Conflict Bank of Council Bluffs as vice presi and Negotiations,” to be held March dent and senior loan officer. 17 at the Normandy Inn in MinneapMEAD: Bank of Mead has announced Program leader is Paul J. Barthe promotion of Jeffry J. Huck to bick, a performance consultant with vice president and cashier. Vopatek and Associates in Chicago. Professional ... Responsive... Call Mark Christen for any correspondent service. Call toll free (800) 622-7262 Valley National Bank i§i DES MOINES, IOWA 50304 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A BANKS OF IOWA BANK Member FDIC WANTED FOR PERSONAL COLLECTION Also paying top prices for other “ types” of U.S. currency and finan cial paper. DON MARK Box 1 , A del, IA 50003 • 515/270-8170 For more information contact: Frank N. McKean or Kathy Jansen, M idland N ational Bank, (612) 372-7119. Directly following the seminar will be the chapter’s regular dinner meeting. * * * MANKATO: John R. Baker has been elected vice president and senior retail banking officer at First Bank Mankato, according to Starr J. Kirklin, president. Mr. Baker started his banking career in 1965 and most recently held the position of vice president of First Bank System, Inc., with responsibilities in oper ations and cost accounting. MINNEAPOLIS: David R. Downs, executive director-human resources at Tenneco, Inc., has been elected senior vice president-human resour ces for Northwest Bancorporation, effective March 7. He succeeds Glen M. Smyth, who resigned in Decem ber, 1982. ST. PAUL: The Metropolitan Bank St. Paul will celebrate the comple tion of its new Town Square facil ities with a week-long grand open ing, March 8-11. The new facility oc cupies both the ground floor and skyway level of Town Square at the AGRICULTURAL FINANCE We have an immediate opportunity for an Agricultural Finance profes sional. The successful applicant will have a degree in agriculture with 2 to 3 years agricultural lending exper ience. A farming background is a must and experience with a bank and/or long term lender helpful. This position will require a company paid relocation to central Iowa. We provide a highly com petitive salary and extensive company paid benefit program. Please send confidential resume or letter with salary history to: file TBD, c/o Northwestern Banker. Supplement to Northwestern Banker Newsletter 3-7-83 Hotel RoomDiscount For Members Of The Iowa Bankers Association The Hotel Fort Des Moines is pleased to announce a special R educed R ate Passport available to all members of the Iowa Bankers Association. To book your discounted room, and all of the benefits listed below, simply call our toll free number and ask for the special rate reserved for members of the IBA. Our current Iowa Bankers Association rates are: $44-single occupancy, $54'double occupancy, Executive Suite $6 extra. f c j the f r o n t i ire e PVoU ^tp« Have t'cketvaUiat g | M ont*« iVabíe * ve" j ^ n t s . H » Ü ^ i make^ * S i i S Ä •SS CV»ec' ‘° Ut „ ic e , p § § pI0ViitK tour Vt-v Ifö Ü f¡I not f A le x a n d e r g « ' p fe iS Ä i’ Acc-t- p í f c i * Signature ■ _ )an. . “I f pC o ni t i ni ^ aS S », * ÎfÉ lfS C o m p ie r. nina too® oí*0 a ( The Cl«b ior ft g . Hatne — Ul 1 1 “ --- ^ §É¡ f e — r¡r7^óutt« ^ j<m I M __ —-?$¡ Tunk! a w ä 1 M g coW °1 ^ e above- ||i p\ease, St3t https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Not valid in conjunction with other special group rates at the Hotel. HOTEL FORT DES MOINES Tenth & Walnut Streets/Des Moines, Iowa Iowa Toll Free: 800*5324466 Nationwide Toll Free: 800*247*8057 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Supplement to Northwestern Banker Newsletter 3-7-83 teller machines come wim ine reatures you wa Ours come with one extra. i» » ! ..... J r — m II SHARP ttrc T w o N JC Auoit MACwi«e ’ , w *«■ ■ * m n The ^ |g ||i§ opr experience. without aprice tag. And, at banker’s Bqwipm^nt Service, it’s Ifkndard equipment on every machine we sell. ' S Sfoce bankers are our primary CUS|Hnei; we think we’re in a unique isifion to understand your needs. We’ve stalled fnore systems than anyone ~e in the upper midwest, we have an llllllli b https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis excellent teller jo in in g program, and w ^T ittffep s at showing you how to in te g ra te n |# equipment into your present system. We have a complete selection, including the Sharp BE-3500 teller machine. And our maintenance contract is among the best in the business, If you like those features, give us a call: (612) 890-6661 m tik er’s Equipm ent Service https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 5 Thinking about selling your bank? Count o n Steve Hatz. For the best in ag overline, data process ing and cash management services, along with expert advice and guidance, call Security Correspondent Banker Steve Hatz at 712/277-6554. Consult with Homer Jensen or Dick Buenneke Over 50 years’ banking experience No fee to seller 1031 Carriers Building Des Moines, Iowa 50309 Phone: 515-243-7434 • • 4Q 0 0 • ® SECURITY N A TIO N A L R A N K Sioux City. Iowa 51101 Member EDI.C. corner of Sixth and Cedar Streets. under the leadership of Ken Ander Highlights of the grand opening will son, First National Bank in Minot, be personal appearances by the has completed plans for its 1983 con MetroBank Group’s robot spokes ference to be held March 16-17 at the man, Me-T-R-O, and a drawing for Holiday Inn, Fargo. Registration will begin at 11:30 several Commodore personal com a.m. on the 16th with luncheon at puters. 12:30. The afternoon program, be ginning at 1:20 p.m., will feature Illinois News Ronald A. Anderson, extension re DEERBROOK: Spyros D. Xintaris, source economist, North Dakota president of Deerbrook Bank, has State University, Fargo, speaking announced the promotion of Michael on “E state Planning Procedures”; Nelson to vice president, loan de Harry J. Argue, executive director partment, and the election of John of NDBA, giving a “State Legis Mielecki as auditor. Mr. Nelson is a lative Update”; William Harbeke, 16 year veteran of banking, having assistant vice president, First Bank, served in a number of Chicago area Valley City, “Midwest Banking Inbanks in a similar capacity. Mr. stitute/National Advanced Agricul Mielecki joined the bank in 1982 as a tural Banking School,” and Pat management trainee. Henderson, director of public rela tions, and Don Nelson, director of marketing, Minneapolis Grain Ex South Dakota News change, “Marketing/Futures/HedgOKATON: Tom Drew, president of ing.” the Frontier Bank in Okaton, has an The evening banquet will feature nounced the sale of controlling in guest speaker: Teddy Roosevelt, terest in the bank to Gene Hawk and former president of the United Dennis Fargen of Pierre, associates States. of Frank L. Farrar. Frontier Bank The conference will adjourn at has a branch in Midland and is in the noon on the 17th with the morning process of completing a new bank in session including: “ 1983 Federal Murdo. The sale is contingent on the Farm Programs’ by Robert Christ approval of regulatory authorities. man, state executive director, North No changes in personnel are planned. Dakota Agricultural Stabilization and Conservation Service, Fargo; “MASI - A New Source of Farm North Dakota News Credit,” Edward Tubbs, president, The N orth D akota Bankers MABSCO Agricultural Services, Association agriculture committee, Inc., and “Legal Documentation of czH oidzr and. cd 'f'i.iociatsi Bank Consultants Specializing in Bank Acquisitions 515-232-0814 P.O. Box 450 405 Main Ames, Iowa 50010 D o n a l d E. H o l d e r , Principal Agricultural Loans” with Edward “Ned” Giles, Attorney, Denver, Colo. Wyoming News LARAMIE: Tom L. Holman has been promoted to vice president at First Interstate Bank of Laramie, N. A. His responsibilities at the bank include agricultural and commercial lending. ROCK SPRINGS: Kim E. Rosenquist has joined the First Security Bank as vice president, commercial loans. He has more than 12 years banking experience. Management Opportunities Mid-level and top management positions open in agricultural lend ing with Production Credit Associ ations in Kansas, Oklahoma, Colorado and New Mexico. Ag loan experience desirable. Send resume to: Production Credit Associations c /o Bob Broecfcelman Federal Intermediate Credit Bank of Wichita Suite 420-N 151 North Main Wichita, KS 67202 AN EQUAL OPPORTUNITY EMPLOYER IF YOU ASK A LOT OF YOUR CORRESPONDENT BANK, ASK US. ki UNITED MISSOURI BANKS Members FDIC . , T ,» U nited w e grow.Together. George Crews https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Jack Beets Dave Van Aken Dick Muir Matt Grzybinski St. Louis Kansas City (816) 556-7900 St. Louis (314) 621-1000 WANT ADS Rates are$5.00 per line per insertion. Add $3.00 for file letters per insertion. Identity of file letter advertisers cannot tie revealed. NORTHWESTERN BANKER, 30615th Street, Des Moines, Iowa 50309. Phone 515/ 244-8163. __________________________ POSITION AVAILABLE OFFICER to develop and direct personal banking depart ment. Qualified applicant will possess administrative ability, a broad knowledge of personal investment alter natives, consumer lending and community relations. Sal ary commensurate with experience. Write file SBV, c/o (PA) Northwestern Banker.______________________ AFFILIATED MIDWEST BANCS,INC.—A progressive group of six banks is looking for a commercial loan officer for its bank in Nebraska City, Nebraska. Prefer 3-5 years commercial loan experience. Send resumes' to Paul H. Albrecht, President, Otoe County National Bank, P.O. Box 458, Nebraska City, Nebraska 68410. (PA) AG OFFICER—2-3 years experience with strong ag lend ing background. Northwest Iowa $55 million bank. Write file SBX, c/o Northwestern Banker._______________ (PA) Affiliated Midwest Bancs, Inc., a progressive group of six banks, is looking for an AGRICULTURAL LOAN OFFICER for its bank in Boone, Iowa. Prefer 3-5 years agricultural bank loan experience. Salary commensurate with ex perience. Send resumes c/o Robert Scott, president, Boone State Bank & Trust Co., P.O. Box 428, Boone, Iowa 50036.______________________________________ (PA) PRESIDENT - AGRESSIVE MANAGER wanted to build a small, farm-oriented bank in central South Dakota. Send resume to file RBZ, c/o Northwestern Banker. (PA) AG LOAN OFFICER—Progressive $40 million bank in eastern South Dakota needs experienced officer. Send resume to file TBA, c/o Northwestern Banker. (PA) CORRESPONDENT-AGRICULTURAL BANKING OFFICER Omaha National Bank Is seeking an experienced, growth-oriented agricultural lending or correspon dent banking officer. Candidate must have a mini mum of 3 years experience, must possess a de gree in finance or related area, and must be profi cient in credit administration and marketing. Posi tion provides excellent advancement opportunity, salary, and benefits. To apply, send resume and salary history to: Personnel Department, Omaha National Bank, 17th & Famam St., Omaha, Ne braska 68102. Phone: 402/348-7911. Equal Opportunity Employer (PA) POSITIONS AVAILABLE President for $80 million midwest bank located in city of over 100,000 population................................. Salary Open Commercial Loan Officer for bank in St. Louis area.......... ......................................................................Salary $40,000 Farmers & Merchants Bank & Trust, Burlington, Iowa, seeks a TRUST OFFICER with five or more years exper ience in a bank as a Trust Officer. Probate, trust, invest ment, and accounting knowledge and experience preferred. A Law Degree is preferred. Salary negotiable. Apply to P.O. Box 928, Burlington, Iowa 52601. (PA) Immediate opening in a Minnesota metro area bank for a “take charge” REAL ESTATE LOAN OFFICER. Exposure to commercial lending a plus. Salary commensurate with experience. Excellent benefits. Send resume to file TBB, (PA) c/o Northwestern Banker.______________ FIELD REPRESENTATIVE to call on banks to market ag loan funding programs. Position involves 80% travel. Ap plicant should have 4-7 years of agricultural lending ex perience, and have good knowledge of ag loan under writing & documentation. Contact Jim. C. Potter, EVP. MABSCO Agricultural Services, Inc., 430 Liberty Bldg., Des Moines, Iowa 50308. (PA) Northcentral South Dakota bank, $11.6 million deposits, needs NUMBER TWO MAN with potential to become presi dent in two to three years. It is very active small communi ty. Must have all phases of banking, agriculturecommercial lending and operations experience. Contact Boyd D. Hopkins, Jr., President, Live Stock State Bank, 100 East Havens & Main, Mitchell, So. Dak. 57301. Phone 605/996-7775.________________________________ (PA) OPERATIONS OFFICER—$40 million bank in eastern South Dakota In need of operations officer with ex perience in Burroughs Computers and Info-tech Software. Must be ambitious and agressive. Send resume to file TBC, c/o Northwestern Banker.__________________ (PA) Operations Officer for southeast Iowa bank. Some lending knowledge will be a p lu s ........................Salary to $28,000 Ag Lender with two or more years experience in a com munity bank for a northwest Iowa bank located in good community. College degree preferred....... Salary $25,000 Installment Loan Mgr. with marketing background to head major department in bank over $100 million. Prefer college grad, with commercial banking experience . .Salary Open Loan Review Officer for midwest banking group............... ............................................................... Salary to $35,000 Ag Loan Officer for major ag bank in eastern Iow a........... ............................................................... Salary to $30,000 Commercial Loan Officer for $160 million midwest bank. . ............................................................... Salary to $35,000 President needed for eastern Iowa community bank.......... ............................................................... Salary to $35,000 Installment Lender forcentral Iowa bank. Must have com mercial bank experience......................... Salary to $22,000 Ag Lender for progressive eastern Iowa bank. Must have college degree and two or more years community bank experience.................................................. Salary $25,000 Write or call Malcolm Freeland in confidence c/o Freeland Financial Service, Inc., 1032 Carriers Bldg., Des Moines, Iowa 50309. Phone 515/282-6462. Employer pays fee. Cashier in $35 million bank in Iowa. A top candidate for a northern Iowa b a n k ............................................... $35,000 Senior National Bank Examiner with 8 years experience .. ................................................................................$30,000 Loan Review man with legal degree....................... $30,000 Ag Lender with Iowa State degree and three years with community bank..................................................... $26,000 Installment Lender who heads dept, in $50 million bank .. .........................................................................Salary Neg. Operatlons/Audltor for major holding company seeks new opportunity............................................................ $25,000 Write or call Malcolm Freeland, Freeland Financial Ser vice, Inc., 1032 Carriers Bldg., Des Moines, Iowa 50309. Phone 515/282-6462. Employer pays reasonable fee. WANT TO BUY Good Used MICRO-FILM MACHINE for bank office. Con tact Jerry Burrack, Maynard Savings Bank, Maynard, Iowa 50655. Phone 319/637-2289. (WTB) FOR SALE 3 window solid walnut teller counter, with marble deal plates, completely wired, 6' side counter, and connecting gateway. Excellent condition. Available 2-15-83. Contact Alan B. Fender, Valley National Bank, Hamburg, la. 51640. Phone (712) 382-1212.__________________________ (FS) FOR SALE OR ASSUME LEASE NCR 9020 Banker 80 Software 4 - 7900 CRT’s 1 - 6420 Band Printer Contact: Treasure State Bank Box 511 Glasgow, MT 50320 Phone 406/228-4364 (FSorL) EXECUTIVE BANK RECRUITING Commercial Loan Officer for larger suburban Nebraska bank........................................................................... Salary$35,000 Operations Officer with micro-computer experience for Il linois bank...................................................... Salary Open Cashier in $30 million bank with excellent record .$28,000 We’ll prove that we’re the right search firm for you ... Time and time again. R .E B .& Associates Executive Search Consultants 13425 A. St., Omaha, Nebraska 68144 Phone: 402/3334248 or 333-6604 POSITION WANTED BANKING GRADUATES from Iowa Central Community Col lege, Fort Dodge, IA. Course work includes: AIB and other courses pertinent to banking plus a summer on-the-job training session in a bank. Students earn 67 semester hours which leads to an Associate of Applied Science De gree. Contact: Placement Office or Forrest B. Johnson, Banking Coordinator, Iowa Central Community College, 330 Ave. M., Fort Dodge, IA 50501. Phone (515) 576-7201. (PW) POSITIONS AVAILABLE CEO—$50MM community bank. Administrative ex perience and solid commercial lending background re quired. $50,000 PRESIDENT—ag oriented bank close to large metro area. Prefer ag related degree and minimum ten years banking. $35,000 PRESIDENT—small community bank located in county seat of 5,000 population. Business development and prov en commercial lending experience needed. $40,000 COMMERCIAL LOAN—large suburban bank with superior growth and earnings record. Minimum seven years com mercial lending experience. $40,000 OPERATIONS—medium size urban bank seeks operations manager for transit/proof, bookkeeping, customer service depts. $30,000 AGRI LOAN—senior officer for large rural bank. Handle lending, farm management and marketing duties. $35,000 SERVING PROFESSIONALLY Your inquiry will be held in confidence. Forward resume' and salary history to: Banking, Financial & Business Personnel Iowa and Nationwide TOM HAGAN & ASSOCIATES of Kansas City CAPITAL PERSONNEL SERVICE 714 U.C.B. Building, 515-283-2545 Des Moines, Iowa 50309 2024 Swift - Box 12346 North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry Since 1970” Vol. 11 No. 46 Northwestern Banker Newsletter (USPS 873-300) is published weekly by the Northwestern Banker Company, 306 Fifteenth Street, 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 mail subscriptions, changes of address (Form 3579), manuscripts, mail items to above address. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
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