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• Vol. 16 No. 4 Des M oines, Iowa M ay 11,1987 Sheshuno ff’s 1986 Report Shows: • Bank Earnings Declined 2.55%; S & L s D ropped 53.5% for u.s. banks in 1986 declined overall by 2.55 percent, the first bank industry an nual earnings decrease since 1961, according to Sheshunoff & Co., the Austin, Tex., based leading research and consulting firm for the financial industry. A t the same time, Sheshunoff re ported, the nation’s savings and loan associations, hit by major loan quality problem particularly in the southwestern states, reported a 53.5 percent drop in earnings nationwide for 1986. The nation’s 3,235 federal ly-insured s&ls reported a return on average assets (ROA) of 0.17 for the year, the worst since 1982 and down from the 1985 rate of 0.40. For commercial banks, total earn ings before extraordinary items for the year were $17.4 billion for all 14,123 federally-insured banks, com pared with $17.9 billion in 1985. Total assets of banks were $2.9 tril lion at 1986 year-end, a 7.75 percent increase over the 1985 year-end. For both banks and s&ls, Sheshu noff reported, the highest earning in stitutions generally were east of the Mississippi River, while all the low est earnings banks and s&ls were west of the Mississippi. This reflects the tremendous hits southwest banks have taken on both energy loans and ag loans. In the upper E a r n in g s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis midwest states, the continuing fall out from bad ag loans deteriorated earnings at it did in 1985, although signs have emerged that indicate the bottom has been reached for the heavy ag producing states. A ll 10 states with the greatest percentage declines in income for banks were in the west, with Okla homa reporting the worst results, followed by Wyoming, Alaska, Texas and Louisiana. California showed the greatest increase—53.28 percent. Severed northeastern states re ported dramatic loan growth in 1986, ranging from 27.27 percent in crease to 33.85 percent. A lex Sheshunoff, president of the report ing firm, said, “ Our analysis of loan growth and loan quality trends has clearly shown that loan growth levels similar to those in New Eng land today are often followed by sig nificant increases in loan losses dur ing the next three to five years.” Non-performing loans as a per cent of total loans at banks rose by 10.3 percent in 1986 to $48.2 billion. Maine reported the lowest with 0.805 percent, while Alaska was the highest with 10.65, Wyoming was 8.25, Oklahoma was 7.23 and Louisi ana was 5.95. There were 145 bank failures in 1986, up from 118 in 1985. Among s&ls, of the 20 states with the highest ROA, 16 were east of the Mississippi, while 17 of the 20 poor est performers were in the west, in-eluding the 12 with the lowest rate. Nationwide earnings for s&ls came to $2 billion, compared with $4.3 bil lion in 1985. Mr. Sheshunoff said, ‘ Texas, where the total dollar figure for repossessed assets rose by $3.1 billion, or 185 percent, accounted for 62 percent of the national increase in repossessed assets,’ which totaled $13.5 billion for 1986, up 59 percent. Twenty savings and loans were closed in 1986, up from 10 for all of 1985 and nine in 1984. The number of FSLIC-assisted mergers and acquisitions increased to 34 for 1986, up from 22 for 1985 and 17 for 1984. And FSLIC management con signments totaled 46 last year, up from 25 in 1985. With increased gov ernmental funding, Mr. Sheshunoff said, a significant increase in the number of savings and loans closed by the FSLIC can be anticipated for 1987. □ Iowa News Donald E. Snyder has announced his candidacy for the office of presi dent-elect of the Iowa Bankers Asso ciation and Thomas B. Gronstal has announced his candidacy for the Norwest Bank Des Moines, N.A. Call (515) 245-3131 or toll-free (800) 362-2514 Member FDIC NORMTEST BANKS V lfll V IW Teamwork: one of the reasons we’re first in Iowa. eye reported an $8.2 million loss. The first quarter 1987 included 18 banks, compared to 36 for 1986. ® Also, Hawkeye was informed, without explanation, that the Fed eral Reserve Board has dropped its contention that Hawkeye should _ have used the full resources of the ^ holding company to keep open the failed State Bank of Allison. DES M OINES: The “ Marketing £ and Risk Management Seminar for Lenders Only” that had been sche post of IB A treasurer. I f elected, ing. There is no charge for attend duled for May 19 and 20 by R.W.A. they will be installed in those posi ing. For more information, call (515) Financial Services, Inc., of Daven tions during the IB A annual conven 288-7465. port, has been cancelled and will be £ tion in Des Moines next September. rescheduled at a later date. Mr. Snyder is president of Manufac The Iowa School of Banking will turers Bank & Trust, Forest City, GOWRIE: Nels A. Lindquist has and as current chairman of Group 3 be held June 21-26 at the University been named president of The First he is a member of the IB A board of of Iowa in Iowa City. Fee includes State Bank of Gowrie to succeed his 0 directors. Mr. Gronstal is president tuition, housing, meals, materials father, Maurice W. Lindquist, who and application fee, and is $650 for of Carroll County State Bank. IB A members and subscribers and died recently. Nels Lindquist has $1050 for non-members and out-of- been with the bank for 10 years, The Des Moines office of Peat state bankers. Applications are due most recently as executive vice Marwick Main & Co. will present its by May 25. For more information, president. In addition, Martin L. # 10th Annual Bank Seminar on May contact Marcia Collins at the IB A Jacobs has joined the bank as vice president. He was previously asso 14, at the Des Moines Marriott office. ciated with Earlham Savings Bank Hotel. Dean Kleckner, president of the American Farm Bureau Federa DES M OINES: Hawkeye Bancorpo- in Earlham. • tion, will give the keynote address. ration had two important pieces of good news in recent days, in addi Registration begins at 11:30, with KELLOGG: Rodney A. Jansen has luncheon and presentations follow- tion to the earlier announced suc been named cashier and vice presi cessful restructuring of its debt with dent of Kellogg-Sully Bank & Trust. holding company creditors (April He succeeds James C. Anderson, ^ N orthwestern B anker , p. 55). A t who is leaving the bank to become ^ the April board of directors meeting CEO of Farmers State Bank, Dows. it was announced that in the first Mr. Jansen joined the bank in 1981 quarter 1987 Hawkeye had profit and most recently was assistant vice ability for the first quarter since president. ^ June 30, 1984. The 1987 first quar ter showed consolidated net income of $8.8 million or 83 cents per share South Dakota News primary and 37 cents on a fully di luted basis. This includes an extra SIOUX FALLS: A t First Bank of ordinary gain from extinguishment South Dakota, Cynthia A. Geiwitz • of $8.1 million debt. Net income has been elected vice president and before that item was $.7 million or 7 trust officer. Affiliated with the or cents per share primary and 3 cents ganization since 1982, she trans on a fully diluted basis. After re ferred to Sioux Falls in 1984 and in MNB Correspondent Banker structuring and sale of substantial 1986 was named an assistant vice # assets, Hawkeye now is two-thirds president and manager of the em its former size. A year earlier, Hawk- ployee benefit trust division. Jay Nichols John Rigler Together We Can Accomplish Great Things Call 319-398-4320 or toll free 1-800-332-5991 Strength of \ Eastern J |owa Merchants National Bank m Cedar Rapids. Iowa 52401 Member F D IC https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A BANKS OF IOWA BANK t's easier to talk Iowa banking with people w ho live it — people like Ben Eilders and the correspon dent staff at Bankers Trust. I Call 1-800-362-1688 or 515/245-2424. B ankers Trust Des Moines, IA M e m b e r F D IC Ben Eilders S e n io r V ic e P r e s id e n t Bond portfolios working at full power. The performance of your bank’s bond portfolio is based on sound thinking and quality investments. Investments that will consistently work at full power to contribute to the earnings of your bank. Bond portfolio recommendations have been our specialty since the 1920s, and our track record is enviable. Although investment vehicles and markets have changed, we’ve maintained our high standards. The result is success for our customers and a reputation that precedes us. For confidential consultation about the benefits of investment banking at United Missouri, call (314) 621-1000. ti UNITED MISSOURI BANK of Kansas City, n.a. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis P.O. Box 419266 Kansas City, Missouri 64141-9946 4 Group 2 — Fort Dodge Iowa Group Meetings Continue Group 5— Council Bluffs This year’s Group 5 meeting will begin Sunday evening, May 17, with a Hawaiian Luau at the Lakeshore Golf and Coun try Club. Chair ing the meeting w ill be T om Whitson, presi dent, Council Bluffs Savings Bank. Following the luau, IB A TOM WHITSON President Russ Howard will speak. A dance after wards will feature “ The Great Im posters.” Monday morning will include con tinental breakfast and an address by Congressman Jim Ross Lightfoot. The annual meeting for bankers and a separate presentation for spouses follows, with lunch served at noon and a shotgun golf tournament in the afternoon. A shopping trip to Mall of the Bluffs is an alternative afternoon activity. Sunday, May 17 P.M. 5:00 Cocktails 6:00 Buffet Dinner 7:30 Program—Russell Howard, pres., IB A ; “ Bringing a Bank to Living History Farms” 8:00 Dancing Monday, May 18 A.M. 8:30 Continental Breakfast 9:00 W elcom e—Tom Whitson, Group 5 chmn.; Tony Payne, pres., Council Bluffs Cham ber of Commerce 9:10 The Hon. Jim Lightfoot, Cong. 5th District 10:00 William R. Bernau, supt., Div. of Banking 10:30 Annual Meeting—Election of secretary Remarks—Russ Howard; Neil Milner, IB A exec. v.p. Legislative report 11:30 Lunch at Lakeshore P.M. 1:00 Golf at Lakeshore Group 2 has reduced the cost of attendance at its annual meeting this year to en courage greater p a r tic ip a tio n . Highlighting the g a th e r in g on Tuesday, M ay 19 will be golf at the Fort Dodge Country Club. Presiding at the annual meeting •il t « « JOE HUTCHINSON w ill be Joe GROUP 5 ANNUAL MEETING MAY 17-18 LAKESHORE GOLF & COUNTRY CLUB COUNCIL BLUFFS The Great Imposters S unday e ven in g — H a w aiia n Luau Dancing w ith “The G reat Im p o s ters ” M onday-Rep. Jim Lightfoot G olf T ournam en t GROUP 3 ANNUAL MEETING MAY 21 SURF CONVENTION FEATURING: & CIVIC CENTER • Silas Keehn, President, Chicago Fed CLEAR LAKE • Ladies Luncheon - Wardrobe Consultant Linda Zeiger • The New Odyssey - Comedy and music from the 40s to disco https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis IOWA BANKERS PROBLEMS WITH YOUR BANK’S BOND? ARE YOUR UNDERWRITERS DEMANDS EXCESSIVE? HA VE YOUR PREMIUMS SKYROCKETED? We have been solving Bankers bonding problems for over years .. . AND AT THE LOWEST POSSIBLE PREMIUM! CALL OR WRITE IOWA BANKERS INSURANCE AND SERVICES, INC. 104 EAST LOCUST STREET DES MOINES, IOWA 50308 1-800-532-1423 or (515) 286-4344 KANSAS BANKERS SURETY COMPANY P.O. BOX 1654 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis TOPEKA, KANSAS 66601 (913) 234-2631 SOUTH DAKOTA BANKERS ’ PROBLEMS WITH YOUR BANK’S BOND? ARE YOUR UNDERWRITERS DEMANDS EXCESSIVE? HAVE YOUR PREMIUMS SKYROCKETED? Are you FORCED to write one type of insurance with a company at a higher premium, just so they will write another type of policy for you? IF SO... PLEASE CONSIDER THIS We have been solving Bankers bonding problems for over 75 years . . . AND AT THE LOWEST POSSIBLE PREMIUM CALL OR WRITE KANSAS BANKERS SURETY COMPANY P.O. BOX 1654 TOPEKA, KANSAS 66601 (913) 234-2631 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis OWNED BY BANKERS SERVING BANKERS GROUP 12 MEETING VILLAGE WEST ON WEST LAKE OKOBOJI MAY 20 FEATURING “THE GREAT PRETENDERS” Hutchinson, president, Union State Bank, Rockwell City. The meeting and subsequent dinner will be held at the Starlite Village Motel, also in Fort Dodge. Iowa Superintendent of Banking Bill Bernau, IB A Executive Vice President Neil Milner, and IB A President Russ Howard will speak. Entertainment this year will be pro vided by the Algona Cornbelt Bar bershop Chorus, a singing group which has been in existence for 28 years and which currently numbers 26. P.M. 3:00 Registration 4:00 Welcome—Joe E. Hutchin son, chmn. Group 2 Minutes of previous meet ing—Paul H. Johnson, sec’y Group 2 Reports—Bill Bernau, Iowa supt. of banking; Neil M il ner, exec. v.p. IB A 5:30 Social hour 6:30 Banquet 8:00 Remarks—Neil Milner; Russ Howard, IB A pres. Film—“ Bringing a Bank to Living History Farms” “ Algona Cornbelt Barber shop Chorus” Group 12— Okoboji Area bankers from Group 12 will meet at Village West on West Lake Okoboji for their Annual Meeting Wednesday, M a y 20. A r rangements for golf at Okoboji V ie w G o lf Course may be made by calling (712) 337-3372. The b u sin ess TOM AWTRY meeting begins at 4:00 and will be presided over by Tom Awtry, president, Valley State Bank, Rock Valley. Iowa banking superintendent William Bernau will give a regulator’s update and IB A executive vice president Neil Milner will speak on legislative issues. The banquet will include remarks by IB A President Russell Howard, a presentation on the bank at Living History Farms, and entertainment by the popular group The Great Pre tenders. P.M. 2:00 Registration 4:00 Business M e etin g —Tom Awtry, chmn. Group 12 GROUP 2 ANNUAL MEETING MAY 19, 1987 STARLITE VILLAGE MOTEL FORT DODGE 9:00 4:00 5:30 6:30 8:00 p.m. p.m. p.m. p.m. p.m. - Golf Annual Meeting Social Hour Banquet Program Golf Available at Okoboji View Golf Course Call (712) 337-3372 2:00 4:00 5:30 6:30 Registration Business Meeting Social Hour Banquet Featuring the Algona Cornbelt Barbershop Chorus https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A Meeting O f The Minds. A t Security National B ank, our m inds are on m eeting all your Correspondent B anking and Investm ent needs. We’re Security for you! Ml Ron Kiel Linda Rodehorst Correspondent Banking Officer Investment Representative 712-277-6736 SECURITY N ATIO N AL B A N K IN SIOUX CITY, IOWA. William R. Bernau, Iowa supt. of banking Neil Milner, exec. v.p. IB A 5:30 Social Hour 6:30 Banquet Remarks—Russell Howard, pres. IB A “ Bringing a Bank to Living History Farms” The Great Pretenders Group 3— Clear Lake On Thursday, May 21, Group 3 bankers will gather for their annual meeting at the Surf Convention and Civic Center in Clear Lake. Donald E. Sny der, president, M anufacturers Bank & Trust Company, For est City, will pre side over the business meet- D0 NALD SNYDER ing. The meeting will feature Silas Keehn, president of the Federal Re serve in Chicago, as well as Neil Milner and William Bernau. Concur rent with the meeting will be a ladies’ luncheon with Linda Zeiger speaking on “ Personal Image.” The evening banquet will include remarks by Russ Howard, IB A pres ident, and a film on the bank at L iv ing History Farms. Entertainment aqri careers, inc . _J AG BANKING PERSONNEL SPECIALISTS M EM BER F.D.I.C. 712-277-6745 will be by “ The New Odyssey,” a group of four musicians who per form everything from 40s swing to disco, as well as comedy. P.M. 2:00 Registration 2:00 Ladies Luncheon—Linda Zeiger, “ Personal Image” Van Pelt, director, Nebraska Judi cial College, on “ Conflict Resolution in a Depressed Farm Economy” ; consultant Jack Jackson on “ Chal lenge of Change” ; breakfast speaker Michael Reagan, and Nebraska Gov ernor Kay Orr. Registration commences 8:00 a.m. Thursday, May 14, with the traditional Correspondent Bank Re ception that evening. Friday is de voted to the two business sessions and annual banquet and entertain ment by the Osmond Brothers. Sa turday features a breakfast awards program, with Governor Orr making the presentations. OSCEOLA: In the 1987 Nebraska Bank Directory just mailed, the tele phone number for First National Bank in Osceola should be (402) 7472251. 2:00 Business Meeting Minnesota News Presiding—Donald E. Sny M IN N E A P O LIS : First Bank Sys der, chmn. Group 3 R e p o r t s —W i l l i a m Her- tem has announced three appoint brechtsmeyer, sec’y Group 3 ments to vice president: Melissa R. Fogelberg to v.p. and senior cor Neil Milner, exec. v.p. IB A William R. Bernau, supt. porate counsel of FBS’s legal divi sion, Gary A. Magnuson to v.p. and Iowa Dept, of Banking Silas Keehn, pres. Chicago director of industry analysis in the credit policy division, and James G. Fed Senger to v.p. and chief deposit 5:00 Social Hour dealer, funds management depart 6:00 Banquet ment. The three have been with the 7:30 Russell Howard, pres. IB A “ Bringing a Bank to Living organization since 1979, 1986 and 1978, respectively. History Farms” 8:30 “ The New Odyssey” W IN O N A : Richard L. Mahoney has joined Merchants National Bank of Nebraska News Winona as senior vice presidentAnother good turnout is expected loan administration. He previously for the Nebraska Bankers Associa served as senior vice president and tion’s 90th Annual Convention May head of lending for the Peoples Bank 14-16 at the Cornhusker Hotel in and Trust of Waterloo, Iowa, where Lincoln. N B A President Kelly Hol- he was employed for 15 years. thus, president of First National Bank, York, will preside at the meet Illinois News ing. Headliners include Thomas W. The Independent Community Faranda, president, Faranda & As sociates, on “ Commitments to Ex Banks in Illinois Springfield Capitol cellence” ; Don Ogilvie, executive Conference will be held June 2-3 at vice president of the A B A , Wash the Ramada Renaissance. Legisla ington, D.C.; Cynthia Milligan, Neb tive briefings, visits to the Capitol, raska director of banking; Ritch and a special reception will be fea Davidson, Playfair, Inc., luncheon tured. On the 3rd a ICBPAC golf speaker; J. Thomas Madden, Fed fund raiser will be held. Fee for the erated Investors, on “ The Economy conference is $95 for the first regis and the Stock Market” ; Judge Sam trant, $85 for additional; $40 for the Confused About How A Bank Consultant Can Help You? Jack Canaday and Associates, Inc. Jean 712/779-3567 Masseria, la. 50853 Sandi 515/394-5827 New Hampton, la. 50659 Employer paid fees Digitized for Confidential. FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis would like to help answer your questions. Call us (4 0 2 ) 551-7005 FirsTien Correspondent Services 1OT1j| S P ff m m Æ Ê ffî imssÆÊÊÊÊ^ -mmÊÊÊW -vmÆÊÊW \m*ÆÈÊW 7 More of what it takes to serve you well. FÈrsTier Banks 'sswww^Bi Lincoln • Omaha FirsTier Bank, N.A., Lincoln and RrsTier Bank, N.A., Omaha, Members FDIC reception only; $50 for the golf out ing. For more information, contact the IC B I at (217) 753-4331. ¿N A P E R V IL L E : Naper Financial corporation, with assets of $234 million, and Du Page Bancshares, with assets of $146 million, have been acquired by First Wisconsin Corpo ration . The Naper and Du Page deals were valued at $43 million in cash and $18.5 million in stock re spectively. 0 W isconsin News KOHLER: First Interstate Corpora tion of Wisconsin has designated Gerald L. Beiersdorf chief financial officer. He serves as executive vice ♦president of the bank holding com pany as well as president of First In terstate Management Services. Mr. Beiersdorf joined the corporation in 1976. ® L A CROSSE: Peter W. Knitt has become president and CEO of Valley View Bank. He previously held the position of senior loan officer with ^the Marion State Bank, Marion. W A U SAU : Plans have been an nounced for the affiliation of Peo ples’ Bancshares of Antigo, Inc. with Central Wisconsin Bankshares, ♦In c. of Wausau. The Antigo com pany is sole stockholder of The Peo ples’ Bank, Antigo. An exchange offer of stock has been approved by the boards of directors of both orga♦nizations and will be presented to Peoples’ Bancshares stockholders following regulatory approval. A t Dec. 31,1986, Peoples’ had assets of about $44 million and Central Wis c o n s in had assets of about $726 mil lion. The acquisition of approxi mately 95% of the stock of the Bank of Plover, Plover, by Central Wis consin was expected to be completed on April 30. North Dakota News CROSBY: Paul Hanisch has been promoted to vice president and cash ier at the Farmers State Bank of Crosby. He joined the bank in 1979 and previously served as assistant vice president. FARGO: Norwest Corp. has an nounced new management teams for its banks in Bismarck, Mandan and Minot. John W. Pierson, president of Norwest Bank Minot, has been elected chairman of that bank as well as of the other two banks, and managing officer of Norwest Bank Bismarck. Thomas R. Stockert, se nior vice president and cashier of the Minot bank, has been elected presi dent and managing officer of that bank, succeeding Mr. Pierson. Steven D. Jacobson and Gary A. Flaa will continue as presidents of the Bismarck and Mandan banks, respectively. ing, Edmond, Okla., entitled “ Lend ing in Montana in the 80’s: Lender Beware.’ ’ Fee for the conference is $135 before May 22 or $165 after. Contact the M B A office for more in formation. * * * The Montana Bankers Associa tion 1987 Real Estate Bankers Con ference will be held June 11-12 at the Sheraton Hotel in Missoula. The conference will feature a question and answer panel, peer discussions, concurrent workshops, many speak ers and a reception. Registration is $105, or $135 after June 3. For more information, contact the M B A of fice. Colorado News DENVER: First Interstate Bank of Denver has elected three vice presi dents: Robert W. Lewis, treasury; Katherine L. Polk, treasury, and H.R. Vogel, credit administration. Mr. Lewis joined the bank in 1983 and serves in corporate banking. Ms. Polk deals with federal funds and has been with the bank 32 years. Ms. Vogel has been with the bank for 27 years and works in credit ad Montana News The Montana Bankers Associa ministration. tion Commercial Bankers Confer FORT COLLINS: Samuel L. Leeper ence will be held June 1-2 at Grouse has been named president and chief Mountain Lodge in Whitefish. The operating officer of United Bank of highlight of the conference will be a Fort Collins. He has served the last six-hour program by J. Michael seven years as president of IntraWoody, Bank Performance Consult West Bank of Greeley. M/A Planning for future development and other management services S W O R D S A S S O C IA T E S . IN C . P R O F E S S IO N A L B A N K IN G C O N S U L T A N T S 4900 OAK SUITE 301 KANSAS CITY, MO 64112 (816) 753-7440 COUNTONIt Count on Commerce for superior capabilities and personal attention to your correspondent banking needs. A combination we’ve upheld for more than 120 years. Give us a call. t'iS k Commerce Bank 1- 800-892*7100 1-800- 821-2182 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis (O u tsid e M isso u ri) '* * * o f K a n sa s C ity 8 POSITION WANTED $210MM Commercial Bank seeks SR. LENDER. Will super vise 12. Must understand all phases of commercial lend ing. Excellent opportunity to run your own show. Send re sume to File No. WIS c/o Northwestern Banker. (PA) $80MM Independent Bank located near metro area seeks AQ/COMM’L LENDER. Excellent opportunity to advance. Send resume to File No. WJC c/o Northwestern Banker. _______________________________________________ (PA) RETAIL LENDER • Progressive 26M bank seeks profes sional department manager experienced in all facets of retail lending. Excellent growth opportunities. Send resume or contact James O. Sodey, President, Iowa State Bank, Fort Madison, Iowa. (PA) OPERATIONS OFFICER - Eastern Nebraska location. Should be experienced with in house computer system. Experience on NCR Banker 80, software a plus. Send resume to File No. WJA c/o Northwestern Banker. (PA) CONSUMER BANKINQ MANAGER—Davenport Bank has an excellent opportunity. Will manage several consumer banking functions, Including: IRA, discount brokerage, main bank tellers, quality control. Preferred candidate will have a college degree, supervisory experience, consumer finance services, bank operations experience. Excellent fringe benefits. Salary commensurate with experience. Send resume and salary history to: Personnel Department, Davenport Bank & Trust Company, 203 W. 3rd St., Daven port, IA 52801. E.O.E. M/F. (PA) POSITION AVAILABLE GRADUATING senior seeks career position with reputable financial institution with opportunities for professional growth and responsibilities. Major in Accounting and Man agement (overall GPA 3.61). Dean’s List, Honor Roll, per sonally financed 75% of college expenses. Marilyn Bishop, 377 Mears St., Chadron, Nebr. 69337 (308) 432-5456. ______________________________ <PW) WANTED Farm Equipment Repos. One piece or a Complete Line. We are equipped to pick up, haul, clean up, and sell your repos all for one fee. Call for advance estimates. We also buy farm equipment. RYAN AUCTION CO. INC. Decorah, Iowa 319-382-8648 NEW OPPORTUNITIES LOAN OFFICER with proven skills in commercial lendir^M $150mm NE Kansas bank...................................... To $40,Ow AG LOAN position for a promotable ag lender with several years experience.................................................... To $30,000 COMMERCIAL LOAN POSITION. Prefer college grad with two to five years experience................................. To $55,000 EDP AUDITOR with two or more years EDP audit e x p e ^ ence. IBM, DOS, MVS.............................................To $30,w P Financial Careers, Inc. Two Ruan Center/Sulte 1000, Des Moines, IA 50309 515/245-3786 FOR SALE Employer pays fee. RECONDITIONED BRANDT Coin Sorters-Counters BRANDT Currency Counters New Warranty 402-571-5577 Please contact Lorraine Lear or Malcolm Freeland c o A cerning these and other Midwest banking opportunities. PO SITIO NS AVAILABLE V.P. TRUST ADMINISTRATOR CORPORATE TRUST OFFICER First Interstate Bank of Des Moines, N.A. is seeking a manager for its corporate trust services depart ment. This position is responsible for the manage ment of the employee benefit, corporate trust and stock transfer functions of the trust divisions. Can didate should have a business related bachelors degree, a minimum of 5 years experience in em ployee benefits and should possess business devel opment skills. Professional credibility and good in terpersonal skills necessary. Competetive salary and benefits package available. Send resume and salary requirements in confidence to: Shirley Poertner, VP Human Resources, First Interstate Bank of Des Moines, N.A., 6th & Locust, Des Moines, IA 50309. E.O.E. B A N K IN G Looking for a mgmt opty? This multi-bank holding co i ^ l looking for a trust administrator with 5 + yrs exp with em phasis on employee benefits. Must be a strong manager with effective communication skills to oversee a staff of 4. Great Minn city! To $50K. + Bonus. Job#NW1616. CONTROLLER Tired of constant reorganizations? A $65mm bank in Minn is looking for an action-oriented manager ready for sPF stable working environment. This position will oversee all operational functions of the bank, including the prepara tion of financial statements and security procedures. To $35K. Job#NW1617. BRANCH MANAGER Ready to manage your own shop? A major Twin C itiesA banking group is looking for a manager to oversee a staff of 15 in a NW suburb. Qualified applicants will have 1 + yrs supervisory exp, consumer lending skills, and must have a degree. HOT! To$27K. Job#NW1618. FOR MORE INFORMATION CONTACT PAUL GENTZKOW OR JEAN TODD Q Serving bankers quietly and efficiently. CAPITAL PERSONNEL SERVICE 714 First Interstate Bank Building Des Moines, Iowa 50309 515-283-2545 PO SITIO N S AVAILABLE AG LENDER Well capitalized and run $50m bank seeks 2-3 yr ag person for generalist role. Fast track for Sr. lender. $25K. SR. L.O. #2 spot in community bank of $20m. Will have 8m + port folio looking for 5-6 yrs banking exp. $33K. VP Supervise 3 fill gap between junior and senior executives w/potential for #1. Commercial loan exp. a must plus mgt skills. $40K. COMM’L LENDER Perfect location. If you have 4 yrs of comm’l lending, strong desire to grow & are willing to move into long term leadership, this is it. $35K. CONSUMER LOAN Do you have 1-3 yrs of consumer lending & a 4 yr degree? Super opty in large successful city bank. $20K. BR. MGR. Retail branch in conservatively run community bank seeks mgr. 4 + yrs ag w/strong consumer and operations skills. $30K. FOR FURTHER INFORMATION CONTACT KURT ROSENCRANTS ROBERT HRLF accounting, financial and edp personnel specialists 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 ALL FEES COMPANY PAID iPROGRAMMERfANALYST. Acquisition and expanslon oriented firm) 2 + years COBOL, state of the ¿¡art H/W and S/W environment. Full benefits include 6 profit sharing and tuition reimbursement!................. 1 ........................ $33,000............................. Cal I Randy. I |AVP-COMMERCIAL LENDING. Ready for increased j | challenge? Finance companies with sales from j $5-50mm for multi-bank holding co. Promotable 1 spot I ....................$45,000..........................Call Bruce. | 1 INTERNAL AUDITOR. CPA with bank experience to assume active part of management team. Scenic, j ¡outdoor lo c a le !............ $28,000................Cal I Bruce. SAVP-RETAIL BANKING. Major metro bank for the ; ” holding company needs your business development j ¡: and retail lending skills. High visibility to enhance ; your career! .............. $35,000...................Call Bruce, i BANK TRUST OFFICER. Enjoy administration and j i fixed income investments? JD or accounting back- ] is; ground will open the door. Metro area......................... £ I ............................ $40,000.............................. Call Steve, j * ASST. VICE PRESIDENT. Want to run your own * shop? Business development, lending and opera- j tions put you in charge! Incentives on insurance s sales with license not necessary. Car, health and p profit sharing included in the benefits package........ 1 ............................ $23,000.............................. Cal I Steve. j ■AG LOAN OFFICER. Be #2 in a $14mm bank. Docu- ! , mentation, analysis and cash flows offset the fresh l J air of farm visits. Enjoy banking in a rural setting! .. S ............................ $35,000.............................. Call Steve. | H ASST. VICE PRESIDENT. Combine ag lending and ' | | insurance expertise. $54mm bank with strong capi- ■ | | tal and a sound note case. Analysis, documentation J B and insurance license make this move very easy. ; H Earnings based bonus enhances the benefits pack- j a g e !.......................$29,000..........................Call Steve, ¡j If Many other career positions available. Call or send if resume in complete confidence. ROBERT HRLF O F M M H E S O T A .M C . accounting, financial and edp personnel specialists 3636 IDS Center Minneapolis, MN 55402 (612) 339-9001 • ALL FEES COMPANY PAID FOR SALE NIGHT DEPOSITORIES • Chests. American Bank Equip ment, Inc. 402-571-5621. A sensible alternative. Serving the banks of Nebraska and Western Iowa. Sales - Service - In stallation. (FS) POSITIONS AVAILABLE • COMML LOAN - $50MM suburban bank with excellent growth and earnings history. Handle majority of commer cial credits. Report directly to President. $38K CEO - suburban de novo bank. Experience as CEO or COO required. Strong commercial loan andbusiness develop ment skills desired. Open LOAN REVIEW - large urban bank affiliated with m a jo r é midwestern holding company. Degree and 2-3 yrs. loan review/workout experience desired. $30K TRUST OFFICER - medium size community bank with growing trust dept. JD preferred but not mandatory. $27K COMML LOAN - $100MM community bank. Supervise com mercial lending function. Future advancement possible, a $45K ^ Additional positions available in midwestern states for experienced bankers. TOM HAGAN & ASSOCIATES < P e rs o n n e l S e a rc h 1126 So. 72nd St. Omaha, Ne. 68124 2024 Swift - Box 12346 North Kansas City, MO 64116 816/474-6874 £ “ Serving the Banking Industry Since 1970“ Vol. 16 No. 4 Northwestern Banker Newsletter (USPS 873-300) is published weekly by the Northwestern Banker Company, 1535 Linden Street, Suite 201, Des Moines, Iowa 50309, (515) 244-8163. Subscriptions $1.00 per copy, $24.00 per year. Second class postage paid at a Des Moines, Iowa. Address all mail subscriptions, changes of address (Form 3579), manuscripts to Northwestern Banker, 1535 Linden w St., #201, Des Moines, Iowa 50309. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
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