The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
May 13,1985 Des Moines, Iowa Vol. 14 No. 4 Chicago Fed Hosts Conference V E R 300 economists, regula tors, and financial executives met to discuss c ritic a l issues facing the finan cial industry on M ay 2 and 3 at the Conference on Bank Struc ture and Compe tition sponsored by the Federal Reserve Bank of S. KEEHN Chicago. The 21st annual conference pro gram included sessions on safety and soundness regulations, causes o f bank and thrift failures, problems facing rural and agricultural banks, and the viability o f private insur ance as an alternative to federal de posit insurance. Am ong the speak ers at the conference discussing safety and soundness regulations were Barry F. Sullivan, chairman o f the board o f First Chicago Corpora tion; Thomas H. Huston, Iowa com missioner o f banking; and Joseph C. Scully, president and chief executive officer o f St. Paul Federal Bank for Savings. Chicago Reserve Bank President Silas Keehn pointed out in his re marks opening the conference that the banking and financial services industry has been “ seething with changes” in the past year. Mr. Keehn noted that the Fed’s O A series o f incidents affecting government securities firms was one “ reluctant approval” o f an applica source o f problems in the financial tion by United States Trust Com sector, he stated. Current problems pany o f New York to convert its in the agricultural sector have also Florida trust operation into a con led to severe strains for some banks sumer bank was a landmark deci serving that sector. These problems sion. H e added that the Comptroller are especially important to the M id o f the Currency “ opened the flood west because o f the crucial role that gates” to nonbank banking by preli agriculture plays in the regional eco minarily approving over 200 appli nomy, he said. Mr. Keehn added there was a cations in 31 states. Nonfinancial firms continue to move bright side to the events o f the past into the financial services field, Mr. year since they show the regulators Keehn noted. Sears, already a major can respond in a timely and effective participant in retailing financial ser way to problem situations and that vices, recently took another step the “ system does work.” Copies o f some o f the papers pre with the introduction o f a universal credit card. In addition, Chrysler sented at the conference are avail and General Motors are “ clearly able by calling Nancy Goodman, moving away from a heavy depen (312) 322-5110, or Jim Holland, (312) dence on the automotive business” 322-5121. Cassette recordings o f the by expanding activities in the non- sessions are also available for a fee. □ automotive financing areas, Mr. Keehn said. Against a background o f all these changes, there has been virtually no Iowa News action at the federal level, Mr. Keehn noted. “ However, at the state The M ay 16 meeting of the Cen level the number o f states that have adopted, or are considering adop tral Iowa Chapter of Bank Adminis ting, some sort o f interstate banking tration Institute will be held at W il legislation has mushroomed and ex low Creek - Des Moines. Bernie Saggau, executive secre pands almost weekly,” he added. Mr. Keehn also noted that the tary o f the Iowa H igh School past year had “ not been without its Atidetic Association, will present a traum atic m om ents.” L iq u id ity motivational talk on Attitudes and problems at some financial institu Education. Social hour will begin at 5:30 p.m., tions required timely and appropri followed by dinner at 6:30 and the ate responses by regulators. RISMILLERj WEAVER AND YAKE Getting it done for you. T S S Ü E Chairman ■ W Warren Weaver Ernie Yake President Senior Vice Preside President NA ^ m i Commerce Bank o f Kansas City https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis MEMBER FDIC T u l a n k n n a I(816) O ^ -O D D D Telephone 234-2000 » 2 Norwest Bank Des Moines, N.A. Serving bankers quietly and efficiently. 0 Call (515) 245-3131 or toll-free (800) 362-2514 NORWEST BANKS Member FDIC CAPITAL PERSONNEL SERVICE 714 U.C.B. Building, 515-283-2545 Des Moines, Iowa 50309 Teamwork: one of the reasons we’re first in Iowa. M ark Conway Dorothea Wolfe meeting at 7:30. Cost is $15 per per son, and reservations can be made through Tom Quinlin, Norw est Bank Des Moines, N .A. * * * A n Individual Retirement A c count and Standardized Master Plan Seminar will be presented by the Iowa Bankers Association on M ay 17 at the Holiday Inn, Sioux City; M ay 22 at Stouffer’s Five Sea sons Hotel, Cedar Rapids, and M ay 23 at Savery Hotel, Des Moines. Each seminar will begin with reg istration at 8:00 a.m. and adjourn at 4:00 p.m. The seminar will be pre sented by Bruce Moore, LL.M ., a former practicing attorney and di rector o f taxation for a national ac counting firm. ASK GARY BARTLETT C E D A R R A P ID S : David W . Soren son has joined United State Bank as senior vice president in charge of commercial lending and credit card services. He most recently was vice president and manager o f lending for United Bank o f Delta in Delta, Colo. He also was with Bettendorf Bank & Trust in Bettendorf, Iowa. D ES M O IN E S: Kenneth R. Malecha has been appointed correspondent banking officer in the Iowa correspondent/corporate services division of United Central Bank o f Des Moines, N .A . H e previously was with UCB in Estherville and Nor west Bank o f Northfield, Minn. D E S M O IN E S : David N. Walthall, president o f Hawkeye-Capital Bank & Trust has been named senior vice president and a director o f Hawkeye Bancorporation. In addition to re maining CEO o f Hawkeye-Capital, he will oversee the operation of 12 other Hawkeye banks. Mr. W althall joined Hawkeye Capital in 1982. M A S S E N A : The Farmers Savings Bank was closed Friday, M ay 3 at 10:30 p.m. by Tom Huston, superin tendent o f banking. The failed bank was acquired by an investor’s group led by Mike Keim, who also has in terest in Corn Belt State Bank in Correctionville, and was reopened Monday, M ay 6, as the Union N a tional Bank. Union National will as- to make MNB work for you. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A BANKS OF IOWA BANK W E S T U N IO N : Robert J. Ralston, 52, president of First National Bank, died M ay 2 o f a heart attack. Mr. Ralston had been with the bank almost 20 years and had served as president since 1977. H. PETER DEROSIER Vice President ^ w # • £ The M id Plains Group o f N A B W will hold its executive night on Tues day, M ay 14 at the Omaha Country Club starting t 6:30 p.m. Guest speaker for the evening will be V. Hall Starr from V. Hall Starr & Associates o f Des Moines, Iowa, and his topic will be “ Communica tions.” ® E L K H O R N : Neil K irby has been named president and chief executive officer o f the Bank o f Elkhorn. Mr. K irby had been serving as president and CEO for First State Bank of Mapleton, Iowa. 0 Y O R K : The York State Bank has announced its intention to purchase Gresham State Bank subject to reg ulatory approval. The purchase is set to take place in the next few months. Valley National Bank 0 DES MOINES, IOWA 50304 ^ Nebraska News O u r new est correspondent banking professional 1-800-332-5991 Merchants A National Bank 151 S IO U X C E N T E R : First National Bank o f Sioux Center has appointed James E. Stachour as president. He joined the bank in 1970 and since 1980 has served as executive vice president. He previously was with T oy National Bank in Sioux C ity for eight years. Peter DeRosier... Toll free Member F.D.I.C. sume about $14.9 million in 2,800 deposit accounts and has agreed to pay the F D IC a purchase premium o f $78,000. The bank’s failure has been attributed to poor ag loans and some commercial loans, as well. Member FDIC A BANKS OF IOWA BANK Call toll free (800) 622-7262 _ ® 0 q Iowa Group Meetings Continue Register Now For the Group 5 Annual Meeting May 20 Lakeshore Golf & Country Club Council Bluffs Featuring! MAGIC REVIEW ’85 This two-magician show will astound and entertain you as these magicians attempt the death defying sword chamber! Group 5—Council Bluffs The Group 5 bankers meeting will meet Monday, M ay 20 in Council B lu ffs at the Lakeshore Coun try Club, Lake M anaw a. T h is y e a r ’ s im p res sive line up in cludes “ M agic Review ’85,“ an e x c itin g show that will feature the death defy T.D. WHITSON ing sword cham ber. This two-man team combines 23 years of magical skills that will sure ly highlight the evening banquet. Also, Dr. Ray Pugh, professor of physical education at Drake Univer sity, will speak during the afternoon business session. His topic will be, Iowa: L e t’s Plus our Pluses. G olf will be available at the country club with tee time set for 10:30 a.m. For reservations please call the Pro Shop (712) 366-1639. You won’t want to miss this exciting day of activities. There will be a special program just for the ladies which includes cock tails and a special program at 4:30. A.M . 10:30 P.M. 2:00 3:00 4:15 4:30 G olf-C a ll the Pro Shop (712) 366-1639. Send fees to Tom Whitson. Registration - Council Bluffs Host Banks. Cocktails - Courtesy United States Check Book Co. Call to order - Chairman Thomas D. Whitson, presi dent, Council Bluffs Savings Bank. Welcome - Dennis Reed, president, Council Bluffs Chamber of Commerce. Dr. Ray Pugh, “ Iowa: L e t’s Plus our Pluses.” Break. Business meeting. Comments will be given by IB A President W illiam L o gan; a legal update by Howard Hagen, assistant a t t o r n e y g e n e ra l, D es Moines; good news and views by the Superintendent of Banking Thomas Huston, and IB A Executive Vice President Neil Milner will conclude with association activities. Group II Annual Meeting May 21 - Starlite Village, Ft. Dodge Featuring GOLF! A.M. 10:30 Golf - Call the pro shop at 712-366-1639 P.M. 2:00 Registration hosted by: Council Bluffs Savings Bank First Bank, N.A. First Natl. Bank, Council Bluffs State Bank & Trust, Coun cil Bluffs 2:00 Cocktails - Courtesy, U.S. Check Book 3:00 Call to Order Chairman Tom Whitson 4:30 Business Meeting 5:45 Social Hour 6:30 Banquet Entertainment - Magic Review ’85 “ Iowa Central Singers” The Iowa Central Singers are a 20-voice group with a rhythm and brass section. The Singers perform various music styles with choreography designed by their own members. Their 1985 repertoire consists of some of the most recent pop hits such as "B op 'Til You D rop" and "Wake Me Up Before You Go G o” to some of the die hard classics such as "O n Broadway" and Elvis’ "Burnin' Love." They also feature a little touch of the 1930's with "Puttin’ on the Ritz.” The Singers also perform lovely acappella ballads such as "Loving You” and other accompanied ballads such as “ Never Gonna Let You Go" and “ God Bless the Child.” 8:00 a.m. 3:00 p.m. 4:00 5:30 6:30 8:00 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Golf - Ft. Dodge Golf and Country. Call Craig Graham at 515-955-8551 Registration - Starlite Village Welcome - Chairman Norm Skadburg Social Hour Banquet - steak dinner Entertainment - IOWA CENTRAL SINGERS 3 musicals as: Fid dler on the Roof; Music Man, and G ro u p 12 A n n u a l M e e tin g M a y 22 Hello Dolly, just The N e w Inn at Okobo|i to name a few. Group Chairman Stan Smith will preside over the session w hich “ THE RIVER VALLEY PLAYERS, INC.” will be held M ay The River Valley Players, Inc. has been in ex 22. G o lf is istence since 1974 in Rock Rapids, Iowa. S. SMITH scheduled to be Each year performances include a musical in gin at 8:00 a.m. at the Okoboji Vu February, musical review in June, and a din G olf Course. Please call the Pro ner theater in October. Past performances in Shop for tee times (712) 337-3372. clude Come Blow Your Horn; Last of the Red For this year’s Group 12 meeting Hot Lovers; Tender Trap; Love, Sex, and the please send your registration to: IRS; Fiddler on the Roof; Music Man; South Stan Smith, chairman, Rock Rapids Pacific; Pippin’; Guys and Dolls; Fantastics; State Bank, Rock Rapids, Iowa Mame; Hello Dolly; and My Fair Lady to name 51246. just a few. A.M . 8:00 G olf tournament - Okoboji Vu G olf Course. P.M. 2:00 Registration - Lobby of The 8:00 a.m. Golf Tournament at Okoboji Vu Golf Course New Inn at Okoboji. 2:00 p.m. Registration - Lobby of The New Inn 4:00 Business meeting - New Inn 4:00 Business Meeting - Convention Hall C o n v e n tio n H a ll. S tan 5:30 Social Hour - Pool Side Smith, Group 12 chairman, 7:00 Banquet - Lakeview Room will call the meeting to Entertainment - River Valley Players, Inc. order. Reports will be pre sented by IB A President W illiam Logan; Superinten dent of Banking Tom Hus Norm Skadburg, First State Bank, 5:45 Social Hour - cash bar ton and E xecutive Vice 6:30 Banquet - entertainment P.O. Box 127, W ebster City, Iowa President Neil Milner. Elec guests “ M agic Review ’85.” 50595. tion of chairman and secre For further information and reser A.M . . tary. vations contact: Thomas D. W h it 5:30 Social Hour - pool side. 8:00 G olf - Ft. Dodge Golf and son, president, Council Bluffs Sav 7:00 Banquet - Lakeview Room. Country Club. Call Craig ings Bank, P.O. Box 838, Council Entertainment - “ The River Graham at 515-955-8551. Bluffs, Iowa 51502. Valley Players, Inc.” P.M . 3:00 Registration - Starlite V il lage Motel. Group 2 - Fort Dodge 4:00 Welcome - Norm Skadburg, The Group 2 bankers will meet chairman, will cedi the meet Group 3 - Clear Lake Tuesday, M ay 21, at the Starlite ing to order, followed by the “ G u aran teed com m u n ication Village M otel in minutes o f previous meeting with Pizzazz” is what you will get Fort Dodge. The by Joe Hutchinson, secre this year at the Io w a C e n tr a l tary. Tom Huston and Neil Singers, a 20Milner will be givin g reports Group 3 M eet in g Thu rsday, voice group with at this time. M ay 23, as “ The a rhythm and 5:30 Social Hour. Good time Sing brass section, 6:30 Banquet - Steak Dinner. will be featured 8:00 Iowa Central Singers per ers,” this year’s featured enter e n te r ta in m e n t form. for Group 2 this Remarks - Bill Logan, presi tainment, sing and perform for year. Iowa Cen dent, IB A N. SKADBURG your enjoyment. tral Singers tra The Surf Con vel the state performing a wide F. HAGEMANN vention and Civic variety o f music from pop hits to Group 12 • Okoboji Those atten d in g the annual Center in Clear Lake will be the loca classical favorites. Golfing is also planned this year at the Fort Dodge Group 12 meeting at the New Inn at tion of this year’s Group 3 meeting G olf and Country Club. Tee times Okoboji, will receive an exciting which will be chaired by Fred Hageare between 8:00 and 11:30 a.m. For entertainment package presented by mann, president, State Bank of reservations contact Craig Graham “ The River Valley Players, Inc.” W averly. A program is planned for at (515) 955-8551. Be sure to get The group originates out of Rock the ladies which will include a 12:30 your Group 2 registrations sent to: Rapids and has performed such lunch at W aterfront Restaurant folhttps://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Call on the “Experienced Professionals” Ready to meet your correspondent needs. lowed by a style show. For further information and reservations con tact: Don Snyder, Manufacturers Bank & Trust, Forest City, Iowa 50436. A.M . 10:30 P.M . 12:00 12:30 1:00 5:00 6:00 Registration - lobby o f Surf Ballroom. Libation time, cash bar Surf Ballroom. Business luncheon - Surf Ballroom. Ladies luncheon - W ater front Restaurant. Business session - Chairman Fred Hagemann will call the meeting to order. Reports will be presented by IB A Executive Vice President Neil Milner; IB A President William Logan; Superinten dent o f Banking Tom Hus ton, and Howard Hagen, as sistant attorney general, Des Moines. Cocktail hour. Banquet. Entertainment - “ The Good time Singers.” ^ Wh & m streets, Lincoln, n e 68soi Carmody had served as president and will continue as chief executive vice president. Frank E. Bauder, who had been chairman, assumes the newly-created position of deputy chairman at Drovers. South Dakota News M A D IS O N : Dan Culey has been elected president o f First Bank M ad ison. Mr. Culey transferred to M adi son from the administrative services division in Sioux Falls where he has been senior vice president and cash ier o f First Bank of South Dakota. Illinois News C H IC A G O : Drovers Bank of Chica go has announced the election of Joseph G. M igely as president and chief operating officer. In addition, James J. Carmody was elected chairman. Mr. M igely formerly was senior executive vice president. Mr. CENTRAL IOWA BANK FOR SALE $20-25MM total assets. Eddie Wolf 7202 Maple Drive Des Moines, IA 50322 Phone: 515/278-2271 Specializing in Bank Acquisitions P.O. Box 450 515-232-0814 405 Main Ames, Iowa 50010 D o nald E. H o lder, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Principal BANKING • LOANS Affiliated Midwest Bancs. — Progressive bank group seeking an aggressive commercial lender with solid lending background. Department head position in $70mm bank located in central Iowa. Salary commensurate with experience. Also seeking individual with combined commer cial or agricultural and installment lending experi ence for $40mm southeast Nebraska bank. Resumes in complete confidence to: AFFILIATED MIDWEST BANCS 100 AMERICAN PLAZA, BELLEVUE NE 68005. AG LOAN OFFICER Omaha National Bank in Garden City, Kansas, seeks an agribusiness expert to develop new business, maintain bank portfolio and service custo mers. Qualified candidates should have 3-5 years experience in all phases of lending and bank oper ations, with an emphasis in livestock and crop production. A degree in finance or related area, the ability to communicate effectively and strong marketing skills are required. If qualified, submit resume and salary history to: OMAHA NATIONAL BANK 17TH & FARNAM STS., OMAHA, NE 68102 G r o u p III A n n u a l M e e tin g T h u r s d a y , M a y 2 3 - S u r f C o n v e n tio n a n d C iv ic C e n te r in C le a r L a k e T H E G O O D T IM E S IN G E R S T H E G O O D T IM E S IN G E R S “T H E G O O D T IM E S I N G E R S ” special musical entertainment THE GOODTIME SINGERS are...DYNAMITE! THE GOODTIME SINGERS are...MAGIC! I 10:30 a.m. 12:00 p.m. 12:30 1:00 5:00 6:00 | W%l THE GOODTIME SINGERS are...NUMBER ONE! a n d < zd h .± o cL a tE .i Bank Consultants as vice president, business develop ment. M r; Bordewick started his banking career in 1959 with Nor west Bank Omaha and served as manager o f the correspondent bank ing division. Wyoming News C A S P E R : Norwest Bank Casper, N .A . has elected Jay F. Bordewick Minnesota News John B. Davis, Jr., interim execu tive director o f Children’s Theatre Company, has been appointed chair man o f the board o f the Federal Re serve Bank o f Minneapolis. H e suc ceeds W illiam G. Phillips, chairman, International Multifoods. A lso announced, M ichael W . W right, chairman, CEO and presi dent of Super Valu Stores, Inc., has been appointed to a three-year term on the Minneapolis Fed’s board and will serve as deputy chairman. First N atio n al Lincoln Registration - Surf Ballroom lobby Libation time - cash bar Business Luncheon - Ballroom Ladies Luncheon - Waterfront Restaurant Business Session - Chairman Fred Hagemann Cocktail Hour Banquet Entertainment - THE GOODTIME SINGERS POSITION AVAILABLE VICE PRESIDENT-LOAN DEPARTMENT $40mm NW Iowa bank seeks candidate with 4-6 years ag lending experi ence. Good advancement opportunities. Contact John Bowen, EVP, Hawkeye Bank & Trust, Spencer, Iowa. Phone: 712/262-1940. (PA) AQ LOAN OFFICER—An 18MM Community bank 100 miles west of Sioux Falls, SD seeks an Ag Loan Officer with experience. Send resume and salary requirements to Farmers State Bank, PO Box 97, Stickney SD 57375. (PA) COMMERCIAL LOAN OFFICER for $90MM bank in Northern Illinois. Candidate should have 2 + years experience in Commercial and Real Estate lending, and knowledgeable in loan documentation and compliance. Opportunity for advancement and excellent salary and fringe benefits. Contact: John M. Euard, E.V.P.-Cashier, The State Bank of Woodstock P.O. Box 729, Woodstock, IL. 60098. (PA) SENIOR LOAN OFFICER for northwestern Minnesota bank, with assets of $13MM. Salary open. 6 to 8 years ex perience required in agricultural and commercial lending. Resume required. Contact Philip E. Stewart, P.O. Box 101, Badger, MN 56714. (PA) “SENIOR LOAN OFFICER needed in $65 million bank in Central Iowa. Successful candidate should be strong in all areas of lending, knowledgeable of banking laws, able to supervise, innovative, self starter, good organizer with positive attitude, willing to promote bank and be involved in community.” Send resume to file WDA, c/o Northwest ern Banker. (PA) South Central bank needs LOAN OFFICER. Minimum three to five years commercial lending experience. Cash flow and loan documentation necessary. Send resume and salary requirements to file WDB, c/o Northwestern Banker. _____________________________________ (PA) CASHIER—$25 million Iowa State Bank, Fort Madison, seeks an individual with 3 yrs. experience in bank operation/accounting. Excellent opportunity. Contact James C. Sodey, President at 319/372-1134. (PA) #2 OFFICER—Northeast Nebraska bank. Commercial/Ag lending a must. Knowledgeable in all areas of banking. Capable of supervising people and promoting bank. Com petitive salary and benefits. Send resume, salary history and requirements to file WDE, c/o Northwestern Banker. (PA) AVAILABLE POSITIONS CEO for $50 million mid-west ba nk..............Salary $60,000 Let us help with your career advancement or staffing needs. Call in confidence, without obligation. Employ ers pay our reasonable fee to hire the best. COMMERCIAL LENDER for $100 million bank in midwest. Prefer college grad with loan review experience............... ............................................................... Salary$40,000 COMMERCIAL/AG LENDER for $65 million midwest bank ..................................................................... Salary $45,000 CEO needed by purchasers of $35 million bank in town of 2,000. Incentive and future opportunity-----Salary $35,000 CASHIER for Nebraska community bank. Excellent town and living conditions .................................. Salary $30,000 AG LENDER for $70 million bank in m idw est..................... ..................................................................... Salary $35,000 Linda 515/394-5827 New Hampton, la. 50659 i Jean 515/263-9598 (W/F) 712/779-3567 (M/T/TH) Massena, Iowa 50853 aqri carers,inc. -I AG BANKING PERSONNEL SFEQAUSTS PRESIDENT • Small troubled institution seeks good strong ag person who wants a career maker. Cash flow work, clean up work will help. Salary plus performance bonus in cluding purchase option make this an excellent spot for the individual who is ready to take on a rewarding chal lenge. $35K +. RETAIL BANKER - Metro operation seeks proven retail banker with leadership skills to head up area team. Excel lent facility offers key location and staff. $45K. COMMERCIAL LENDER • Mpls based institution seeks comm’l lender with 4+ yrs of lending exp in an urban en vironment to fit into a new position with wide open career path working $200K-2mm sized loans. S35-45K. CONSUMER LENDER - Well managed in a town with the population of 5000 seeks good generalist with consumer emphasis. 3-5 yrs exp. Will add excellent base to your ca reer. $25 K. AG LENDER - A position which will able the right person to ride to the top. Clean SD rural bank near large metro com munity seeks indiv with 2+ yrs of ag lending. Must be someone looking fora future anda place to learn and grow. $22K. FOR FURTHER INFORMATION FOR THESE AND OTHER POSITIONS RESPOND IN CONFIDENCE TO: M. KURT ROSENCRANTS AT (515) 244-4414 <H H > <H H > <M > » * * ® R O B E R T M SBLF 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 ALL FEES COMPANY PAID COMMERCIAL LENDER with two years experience for bank in city of 35,000 .................................. Salary $30,000 COMMERCIAL LENDER for Metro market area for mid west bank. Must have experience of five or more years . . . ..................................................................... Salary $45,000 INSTALLMENT person for Mountain States bank, located in scenic area ............................................. Salary $28,000 RE-COMMERCIAL LOAN OFFICER for Central Iowa bank. Requires 3-5 years experience ................... Salary $30,000 FOR SALE DIEBOLD TABS 910 ATM with or without building. Current ly on maintenance contract, low usage, excellent condi tion. Contact First National Bank, Minden, NE 68959. Phone 308/832-2030. (FS) POSITIONS AVAILABLE AG LENDERS • West Iowa. 2-3 yrs. experience. To $25K. AG LENDERS • E. Nebr. & Central IA. 3-4 yrs. exp. To $30K. CEO - Northern Mid-Iowa - $70 mill, bank, needs di versified loan exp. To $70K. CEO - East Nebr. $35 mill. bank. To $60K. Richard L. Beam, CPC GUMBERT EXECUTIVE EXCHANGE, INC. 11246 Davenport Street Omaha, NE 68154 Phone: 402/330-3260 Member National Personnel Associates W e’re Nationwide ASST CASHIER - Solid well financed $50mm institution in vacation area seeks 2-3 yrs exp in operations and some lending. Very clean real estate and commercial directed bank offers an exceptional opportunity to grow. $18-23K. SR VICE PRESIDENT - Fast trackers only! Successful banking group needs individual with new business devel opment in real estate and commercial lending for $35mm bank. Must have long-term career goals and be an over achiever looking to enhance leadership role. S35-40K. Financial Careers A g Banking Specialists EXECUTIVE VICE PRESIDENT for Central Wisconsin bank. Requires strong commercial lending background ........... ..................................................................... Salary $40,000 Write or call Malcolm Freeland or Cy Kirk in care of Freeland Financial Service, Inc., 1010 Equitable Bldg., Des Moines, Iowa 50309. Phone 515/282-6462. Employer pays fee. BANKING OPPORTUNITIES PRESIDENT and CASHIER—newly chartered bank. Nontraditional bank, sales skills needed. Base plus incentive pay. Contact Barbara J. Ritta. FARM MGR/AG LENDER—manage 15,000 acres & $5mm ag portfolio, $70mm clean bank, in com munity of 20,000. Salary $30’s. Contact Barbara J. Ritta. SENIOR LOAN OFFICER—southern MN $30mm bank. 8-10 years lending in all types and especial ly ag. Salary open. Contact Pamela J. Swenson. TRUST DEPT MGR—$30mm dept in $100mm MN bank. 7-10 years experience required. No JD necessary Salary high $30’s. Contact Pamela J. Swenson. PROFESSIONAL RECRUITERS, INC. P.O. Box 24227 Omaha, NE 68124 Phone: 402/397-2885 D O N -ÌS cH O O L E R Ir AND K O ') ) ASSOCIATES "S u c c e s s fu l B a n k in g is Q u a lity P e r s o n n e l" Send your resume or phone Don Schooler, 417-882-2265, 2508 East Meadow, Springfield, Missouri 65804. POSITIONS CURRENTLY AVAILABLE EXECUTIVE VICE PRESIDENT $150mm bank, strong lending & operations .......... $70,000 Metro HEAD OF LENDING $80mm bank, $40mm loans, $20mm Commercial...................$50,000 Outstate SENIOR VICE PRESIDENT, HEAD OF COMMER CIAL & CORRESPONDENCE LENDING, $200 + mm bank, $100mm in lo a n s............................. $70,000Metro PRESIDENT $40mm suburban bank, no ag ......... ........................................................ $50,000 Metro PRESIDENT new charter, excellent location, stock options ............................ $40,000 Outstate CASHIER $80mm bank, solid con d itio n ............... ...................................................$30,000 Outstate PRE-MANUFACTURED DRIVE THRU FACILITY FOR SALE United Central Bank of Des Moines, N.A. has for sale one self-contained drive thru banking unit. The unit was manufactured in 1980 by Diebold and measures 12’ x 52’. The unit includes a walk-in lobby, drive thru facilities, night depository, bank and security equipment, and miscellaneous equip ment associated with the drive thru banking oper ation. Additional information may be attained by contacting Dennis Kirkpatrick. Phone: 515/245-7244. (FS) BANK POSITIONS REAL ESTATE LOAN • large suburban bank. AVP to handle construction, commercial and some single family residen tial loans. $25K COMML LOAN - $50MM suburban bank. Some R.E. experi ence helpful. Requires 2-3 yrs. bank lending. $26K COMMERCIAL LENDER $100mm bank, Manage EVP - manage all lending activities for $125MM suburban ment potential.......................................... $40,000Metro bank. Opportunity to assume #1 position. $55K JUNIOR COMMERCIAL LENDER, CREDIT AGRI-LOAN - $30MM community bank. Handle all Ag cred ANALYST consumer experience $23,000 Outstate its and some commercial accounts. $30K REAL ESTATE LENDER $50 + mm b a nk............... ...................................................$35,000 St. Louis SECOND OFFICER - small suburban bank desires com mercial lender to supervise junior officers. $35K COMMERCIAL LENDER $50+ mm bank, top loca tion, sound management .. $40,000-$45,000 Metro Additional opportunities available. All inquiries confidential. This is one of the finest selections of positions I have had. Every situation is personally known and the banks and management offer good reputa tions. TOM HAGAN & ASSOCIATES 2024 Swift • Box 12346 North Kansas City, MO 64116 816/474-6874 “Serving the Banking Industry Since 1970” Vol. 14 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, $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
@FedFRASER