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Vol. 16 No. 5 Des Moines, Iowa May 18,1987 Economie Reports Agree— • Business Expansion W ill Continue CROSS-SECTION of economic A reports in recent weeks all con cur that business will continue to # grow at least moderately the rest of this year and into 1988, and acknowledge there are definite, posi tive signs in the ag sector. The nation’s business economists • continue to expect a moderate pick up in economic growth in 1987, a sig nificant reduction in the foreign trade deficit, slightly higher infla tion, but little change in interest # rates. That viewpoint was expressed based on the latest quarterly survey of the National Association of Busi ness Economists by Jerry L. Jordan, president of NABE and senior vice • president and economist of First In terstate Bancorp, Los Angeles. NABE represents approximately 4,000 corporate, consulting and gov ernment economists. • “Economists appear to be gen erally maintaining their forecasts for 1987 made three months ago,” Mr. Jordan said. “While they have marginally down-graded their expec® tations for such sectors as autos and housing, they continue to project a rise of 2.8 percent in real GNP this year (fourth-quarter-to-fourth-quar^ ter). The economists have slightly ^ raised their forecast for inflation (in terms of the fourth-quarter-tofourth-quarter rise in the consumer price index) from 3.8 percent to 4.0 percent.” With respect to interest rates, Mr. Jordan noted that many economists see a slight dip by mid year, but most believe the bank prime rate will return to the 7.5 per cent level by year-end. Mr. Jordan said the economists look for a decline in the nation’s trade deficit from last year’s record $170 billion to $150 billion this year and $130 billion in 1988. “More than four-fifths of those surveyed expect further declines in the dollar’s value between now and year-end,” he added. As a discouraging footnote, Mr. Jordan said “38 percent of the eco nomists believe it is too late for poli cy actions to avoid a recession. Another 35 percent believe that ac tions to reduce the federal deficit would be the best way to prevent a downturn, a reversal from tradi tional Keynesian thinking.” “While many economists believe the Gramm-Rudman-Hollings mea sure will help reduce the deficit, few expect the budget to be balanced by fiscal year 1991,” Mr. Jordan ob served. The median forecast is a de ficit of $189 billion in fiscal year 1987, $165 billion in fiscal 1988, and $150 billion in fiscal 1989. * * * Bob DeBenedet, CFA, writing in F irs T ie r ^ ^ FirsTier Bank, N.A., Lincoln and FirsTier Bank, N.A., Omaha, Members FDIC https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ^ Norwest Corporation’s 22nd semi annual survey, released earlier this month, says upper Midwest bankers see some positive signs emerging in the agricultural economy. The sur vey, published in Economic Indica tors, drew replies from bankers in Iowa, Minnesota, Montana, Nebras- More of what it takes to serve you well. Correspondent Services ^ the last edition of OUTLOOK, a quarterly published by Marquette Bank Minneapolis’ investment ad visory subsidiary, Marquette Capi tal Management Corporation, says consumer spending may decline somewhat in 1987, but no signifi cant retrenchment should be antici pated. He says demographic, economic and psychographic trends all point to continued stability in this area of the economy. Recent gains in em ployment and personal income lend further support to MCMC’s forecast of a continuation of stable consumer demand. “The baby-boomers are still on the borrowing side of their life cycles,” says Mr. DeBenedet, “so they will continue to account for a significant portion of consumer spending in 1987.” Consumer senti ment, he adds, is high. All of this, he says, will play an important role in his forecast of moderate GNP growth. Other factors include in creases in business spending and a minimizing of the federal budget de ficit. * * * ^ F irs T ie r B a n k s Lincoln • Omaha 2 Norwest Bank Des Moines, N.A. Call (515) 245-3131 or toll-free (800) 362-2514 NORWEST BANKS mmmmm l « H Member FDIC f Teamwork: one of the reasons we're first in Iowa. John Rigler Dorothea Wolfe ka, North Dakota, South Dakota and Wisconsin. Dr. Sung Won Sohn, Norwest’s chief economist, says bankers see the Twin Cities economy as “snap ping out of the doldrums,” while the Iron Range “continues to struggle.” Other findings from bankers show: • Problem farm loans are trending downward. The number of farmers going out of business is going down. Land prices are beginning to stabi lize. • Government subsidies are giv ing most crop farmers a positive cash flow. Farm production costs are down. Livestock is profitable. Dr. Sohn says scheduled reduc tions in target prices will weaken farm income starting in 1988, with budget pressures possibly cutting Dick Retz MNB Correspondent Banker Together We Can Accomplish Great Things The 1987 Iowa Young Bankers Conference, “Building Tomorrows Bankers,” will be held June 2-3 at the University Park Holiday Inn in West Des Moines. Speakers include Dick Guzewich of Dick Guzewich & Associates, Iowa Lieutenant Gover nor Jo Ann Zimmerman, attorney Mary Curtin of Minneapolis and Joe Batten of Batten, Batten, Hudson & Swab. There will be a bank raising barbeque at Living History Farms and entertainment by singer and humorist Dan Hunter. Fee includes two continental breakfasts, two lun cheons, barbeque and handouts and is $160 for members, $200 for sub scribers and $240 for nonmembers. At the door the fee is $20 additional. To register, contact the IBA office. government payments even further. The survey reports that bankers expect stable to slightly improved economic conditions the next six months. Progress is being made in restructuring farm operations, but bankers feel it may take a couple of * * * years before restructuring of highlyleveraged farm operations is com The IBA is making available pleted. handout materials and videotapes of * * * the Bank Compliance Symposium Economist Dick Todd of the Fed ’87 nationwide video-teleconference eral Reserve Bank of Minneapolis held Jan. 29. Cost is $25 for ma also reports th at prospects for the terials only; $100 for Videotape 1, Ninth District’s nonfarm economy Bank Secrecy Act; $100 for Video have improved. He says the Fed tape 2, Bank Compliance; $175 for Bank’s forecasting model predicts both tapes, and $200 for both tapes the district’s nonfarm economy is and manual. To order, contact Leita likely to advance at moderate to fair at the IBA office. ly strong rates in 1987-88. BUSSEY: A t the State Bank of That model also predicts U.S. em Bussey, Kim N. Hansen has been ployment will increase at an average elected president, Cliff Danner, ex annual rate of 3.3 percent in ecutive vice president and Elmer 1987-88. Minnesota and Wisconsin Bussey, vice president. are predicted to be strongest in the region, with South Dakota also ad DES MOINES: William A. Van vancing at above-average rates. □ Lent has been named vice president and manager of the Norwest Invest ment Services, Inc. office in Des Iowa News The Central Iowa chapter of the Moines. He joined NISI last Novem Bank Administration Institute will ber as an investment officer. meet on May 21 a t the Willow Creek FORT DODGE: J.P. Mansfield has Golf Club in Des Moines. Cocktails announced his resignation as presi will be at 5:30 and dinner at 6:30. dent and CEO of First Interstate Guest speaker Max Rouer is a for Bank of Fort Dodge. He will join mer radio announcer for KCCI. Cost “Hotline,” a Fort Dodge telemarket is $14 per person. Register by May ing and publishing company, as vice 18 by contacting John Walther at president of operations and finance. South Story Bank & Trust in Slater. He will be succeeded by G. Larry sv 1 For Professional Correspondent Service Call 1-800-622-7262 Call 319-398-4806 or toll free 1-800-332-5991 The----------------- \ Strength of \ Eastern J |owa _^T National Bank m Digitized forMerchants FRASER Cedar Rapids. Iowa 52401 Member F 0 1C https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A BANKS OF IOWA BANK ThereJs A Difference In Banks... Valley National Bank S Main Office - Sixth and Walnut DES MOINES. IOWA 50304 A BANKS OF IOWA BANK Member FDIC k JAMES F. MacLEAN Vice President É H. PETER DeROSIER Vice President G4RERS, IN C BANKING PERSONNEL SPECIALISTS BANKERS AVAILABLE * NJ-1 AG/COMMERCIAL LEND ER—"You won't find many young bankers who have this kind of overall banking a knowledge and diversified loan experience,” states a re cently retired supervisor. Five years in banking; currently responsible for 60% of commercial loans and 40% of ag. Handles SBA’s and FmHA guarantees, also in charge of the investment portfolio for this $50mm bank. Started out in 0 smaller bank in operations (including all reports, book keeping and teller functions) and ag lending. "Diligent, stable, aggressive, perceptive, and enthusiastic about banking; a very outgoing, well-liked young man with a great future in store.” B.S. Finance, attended Graduate • School of Banking and Compliance School, experienced with computers. Prefers NE or IA location. $28'$30,000. _ ® ^ w NJ-2 CONSUMER/COMMERCIAL LENDER—Nearly 10 yrs. in banking; the first 8 primarily in consumer, and past 2 in commercial area. "Works hard, pays attention to detail, gets along well with staff and customers. Very sharp ap pearance and a good communicator,” reports supervisor. Due to a drop in loan volume, his position is being elimi nated; he’s able to relocate his family and begin new job in short order. Attended college plus bank schools in retail credit, compliance and commercial lending. $26-$28,000. NJ-3 AG LOAN OFFICER—Ten years in ag lending, but offers (¿¡versified experience in consumer loans (through rural home loan program), and deals with many investor-moti# vated borrowers not dependent on agricultural income. Formal training in appraisals, credit admin., supervisory and sales skills, and licensed in crop hail and multi-peril in surance. References say, "D on’t pass him by as ‘just one of the many’ Farm Credit people on the market today— • he’s one of the BEST! I’ve worked with many of them, but none that stack up to him.” B.S. Ag (graduated with honors). Lives IL, but open on relocation. Will take salary cut for the right opportunity. $30,000. NJ-4 L0ANS/M ANAGEM ENT—Eight yrs. total bank experi ence, now serving as #2 officer in $25mm bank. Respon sible for branch office, $ 6 mm in loans and supervision of staff. Spent five yrs as #2 in ag dept, of large bank. Now works with installment, real estate, and main street com mercial loans as well as ag. Handles SBA and FmHA gua rantees. B.S. Bus. Admin. Grad. School of Banking, Ag Credit School, adept with personal computers, and holds insurance licenses. "An excellent loan officer, keeps on top of past dues and collection problems, thorough docu mentation, and can bring in choice new accounts,” relates reference. $30-$35,000. NJ-5 ASST. LOAN OFFICER—Mature, with 15 yrs. credit man agement experience, good references, and VERY REA SONABLE SALARY REQUIREMENTS. Fourteen yrs. in re tail credit, past year as Asst. L.O. in bank, working with problem loans and FmHA guarantees. Employer says, "Has done his job well; was very instrumental in reducing our classified loans and improving our bank’s rating; the examiners complimented his files and documentation. He learns quickly and works hard. I hate to lose him, but he’s basically worked himself out of a job—reduced loan volume is eliminating several employees at my’banks. He and his wife are intelligent people and make a good public impression. I recommend him without reservation.” B.A. degree. Prefers E. NE, W. IA, S.E. SD, S.W. MN. $22,000. NJ-6 J R . AG LOAN OFFICER—You must meet him to appreci ate what a pleasant and valuable addition he’d be to your bank’s staff. Has a great personality and attitude, and eagerness to learn. Offers 2 yrs. current experience as Farm Credit loan officer, and MASTERS degree in Ag. Must have central IA location due to wife’s career; will relocate within 30 mi. radius of Ames or Des Moines. $20 , 000. We serve as the source to locate candidates who meet your qualifications and are interested in your bank, community, and salary range. We are available to assist, but allow and encourage your direct contact with our candidates. You make the choice and decision, without pressure. JEAN EDEN 712/779-3567 Hwy. 92 W., Box 140 Massena, IA 50853 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Our fee is paid by the employer and is based on a percentage of the first year’s compensation. All placements are guaranteed. A complete explanation of our services, fees, and guarantees will be sent at your request. SANDI GARNER 515/394-5827 Hwy. 63 S., Box 307 New Hampton, IA 50659 NJ-7 COMMERCIAL LOAN OFFICER-Currently employed (for past 4 yrs.) by one of nation’s leading bank holding com panies. Responsibilities include development, evaluation and maintenance of business lines of credit and term loans. In charge of $5mm loans to wholesalers, high tech companies, contractors, and small retail businesses. De veloped over $3.5mm in new business last year. Extensive training in commercial loans, asset conversion, financial statement analysis, sales, pricing commercial loans, real estate, LOTUS 1-2-3 and FAST software. Numerous awards and recognitions in banking. B.A. Finance. Wants NE, IA, MO, CO location. $25,000. NJ-8 AG/COMMERCIAL LOAN OFFICER—Four years in bank ing, in charge of $6mm ag and $1.5mm main street com mercial loans. Very successful in getting FmHA guaran tees accepted. Excellent references: “ One of the most competent and efficient loan officers I’ve seen, and so pleasant to work with.” Holds all insurance licenses, col lege degree, and several job related seminars. Prefers NE or W. IA. $20,000 + bonus. NJ-9 CONSUMER LOAN OFFICER—18 years lending experi ence, emphasis in consumer area, but past 3 yrs. handling commercial and real estate duties also. In banking for last 10 yrs. In charge of large consumer portfolio, supervision and training of jr. lenders. Impressive work record and re ferences, available soon due to sale of bank. Attended col lege, IA Commercial Lending School, Bank Mgmt. School. $ 20 ,000 . NJ-10 PROFESSIONAL FARM M ANAGER—Employed by $100mm bank as Sr. Farm Mgr. for 10 yrs. Manages 10,000 acres row crops, several hog confinement opera tions and beef cattle herds. B.S. Ag Econ., Accredited Farm Mgr., Appraiser. $24,000. NS-11 CASHIER—Extremely good with numbers. Enjoys working with computer, does call reports and P and L statements. Offers ten years experience. A reference says, “ A good number cruncher.” Completed various banking school courses. Graduated college with double major in business and economics. $20,000. NS-12 ASST. CASHIER—“ I have nothing but good things to say about this individual; he’s ambitious, conscientious, and a team player,” quoting the president who originally hired him. Excellent with customers, straight forward but not abrasive. Wrote a program to put the bank’s budget on the computer on his own initiative. $25,000 to $28,000. NS-13 PRESIDENT—Major area of strength is loan adminis tration. Good communication with employees; knows banking and is highly motivated. This former bank exami ner offers 15 years experience. Is a professional individual who has the ability to analyze, restructure and negotiate problem lines of credit. College graduate. $45,000. NS-14 EXECUTIVE VP—Eleven years of experience, has at tended numerous banking schools and has expertise in all areas of banking. “ An extremely motivated, bright individual who can communicate with anyone,” quoted his former V.P. “ Knowledgeable, fair and honest,” were all comments made by references. Univ. of IL graduate. $40,000. • • • ® ^ ® q POSITIONS AVAILABLE 1. VICE P R E S ID E N T -T a k e charge of $10mm quality ag loan portfolio in pro fitable bank. President/owner needs #2 officer who can handle responsibility, make decisions, and develop busi ness. Excellent future, and salary growth opportunity (could lead to man agement), pleasant work atmosphere, great IL location. Requires 5 yrs. ag lending experience, a confident, self starting individual with good sense of humor. $30-$35,000 plus bonus. 2. ASST. VICE PRES—$50mm IA bank, near college. Strong capital structure, progressive community, independent school system. Work with ag and in stallment loans. Requires 2-5 yrs. lend ing experience, good computer skills. $20-$25,000 + full benefits. 3. V IC E P R E S ID E N T —O versee 3 branches of S.E. SD bank. Very clean loans. Good opportunity to grow with plans for expansion. Requires 5 or more years bank experience in all types of loans, knowledge of opera tions, and management skills. Super vise 2 officers and staff. $28-$35,000 + profit sharing. 4. AG LOAN OFFICER-Serve as #2 offi cer in independently run $50mm unit bank of large group. No major loan problems, bank in good position to grow. Beautiful facility, great recreation area, located minutes from several metro areas in Wl. Requires a mini mum of 5 yrs. ag lending experience. Advancement potential, regular salary increases. $25-$33,000 + pension and full Insurance. 5. CONSUMER LOAN 0 FFIC ER -$ 6 5 m m IA bank, town of 10,000. Emphasis on consumer and student loans, but could utilize real estate or ag lending skills and operations experience. 2-5 yrs. bank exper. required. $20-$25,000. 6. 0PERATI0NS/C0M PTR0LLER — $50mm bank in town of 6500. Could be #3 officer, depending on exper. Must have strong operations and ac counting skills, know computers, asset/ liability mgmt., tax and compliance areas. Will develop and prepare mgmt. reports, supervise 5-15. Investment knowledge helpful. Requires 7-12 yrs. exper. $28-$37,000 + . 7. CASHIER—$30mm IA bank, county seat town. Requires 2-7 yrs. experi ence handling reports and operational ----------- 712/779-3567 https://fraser.stlouisfed.org Hwy. 92 W., Box 140, Massena, Iowa 50853 Federal Reserve Bank of St. Louis functions. Loan and/or insurance ex per. a plus. $24-$32,000, 8. PRESIDENT—$25mm bank, county • seat town. Strong ag lending and bank operations experience required. To $50,000 + car. 9. VICE PRESIDENT—Assume duties of #2 officer in profitable $22mm bank, next door to town of 100,000. Take charge of healthy loan portfolio, develop new business. 4-12 yrs. ag lending required, knowledge of commercial loans helpful. $27-$33,000. 10. AG LEND ER—$30mm bank, W. MN. Strong and stable ownership. Requires 3-8 yrs. ag lending exper., college degree, farm background. Commercial and/or consumer knowledge help ful $25-$34,000 + profit sharing Incen tive program. 11. SR. VICE PRES—Take over administration of $100mm diversified loan portfolio. 15-20 yrs. experience in similar capacity required, strong commercial and management skills. To $80,000. 12. COMMERCIAL LOAN 0 FF IC E R -# 3 in department. Must have 3-5 yrs. exper. handling large commercial loans to businesses. $35-$40,000. MS aqn careers, in c . 515/394-5827 Hwy. 63 S., Box 307, New Hampton, Iowa 50659 £ f • • # . IOWA BANKERS ' PROBLEMS WITH YOUR BANK’S BOND? AREYOUR UNDERWRITERS DEMANDS EXCESSIVE? HA VE YOUR PREMIUMS SKYROCKETED? We have been solving Bankers bonding problems for over ?5 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 NKERS SERVING BANKERS 3 57, has been advanced to the presi dency of Norwest Bank Fort Dodge, J*J.A., succeeding Earl J. UnderDrink, 64, who will remain as chair man and CEO until his retirement on October 1. Mr. Hanson has been senior vice president and cashier. ^ l r . Underbrink joined the bank as president and CEO October 1, 1963. Nebraska News _ Bankers are advised to note the C orrected schedule of the upcoming series of NBA conferences entitled “ P ro m oting B usiness G row th Through Financial Packaging,” ^vhich is as follows: June 2—Scottsnbluff Inn, 8:00-11:30 a.m.; Kearney Ramada Inn, 2:30-6:00 p.m. June 3—Norfolk Villa Inn, 8:00-11:30 a.m., Lincoln Cornhusker, 2:30-6:00 ^p.m. June 4—Omaha Marriott, 8:00^11:30 a.m. Featured speakers in clude Burnham Yates, retired chair man and president of First National We Can Help With Your Employment Needs! 1 Specialists in Bank Recruiting and Consulting Since 1971 □avid L. Hansen, CCP HAMILTON ASSOCIATES 1QQ Court Ave., Suite 3 0 6 □es Moines, Iowa 5 0 3 0 9 5 1 5 /2 8 2 -0 2 2 1 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis vice president and cashier. He pre viously served as vice president and North Dakota News cashier at First National B a n k GRAND FORKS: Community Na North, also in Grand Junction. tional Bank of Grand Forks has an nounced the appointment of Bill Lee as executive vice president in charge of commercial lending. He began his career with the State Bank of Lakota and later moved to First Bank of Fargo as assistant vice president of commercial lending. GRAND FORKS: First National Corporation, the holding company which owns First National Bank in Grand Forks and Northwood State Bank, and First Dakota Bancorporation, Inc. have jointly announced the execution of an agreement be tween the two companies relating to the proposed acquisition of West Fargo State Bank by First National Corporation for approximately $4.2 million in cash. Come to the Investment Specialists committed to quality. Colorado News DENVER: United Banks of Colo rado, Inc. has announced the ap pointment of Donald W. Robotham to executive vice president/credit ad ministration, Susan K. Koonsman, vice president/human resources; Robert L. Schoep, vice president and controller; and Andrew Kane and George Y. Kolva, Jr., vice presidents in investment banking—public fi nance. DENVER: Max Wiley, who until re cently was chairman of the board and president of IntraW est Bank of Boulder, has joined Colorado Na tional Bankshares as senior vice president, subsidiary administra- In these times of change and uncertainty, rely on the time-tested quality invest ment recommendations of the Investment Banking Division of United Missouri Bank. UNITED MISSOURI BANK Member FD.C ¡¿ ^ 1 5 3 5 Ç j f y ^ 10th & Grand • P.O. Box 419226 Kansas City, Missouri 64141-6226 (816) 556-7200 4 S E R V IN G T H E U P P E R M ID W E ST POSITION AVAILABLE NEW OPPORTUNITIES LOAN OFFICER with proven skills in commercial lending,0 $150mm NE Kansas bank................................... To $40,000 R egency iF jI | RECRUITERS, INC. » Diane Evans 1102 Grand Avenue, Kansas City, MO 64106 816/842-3860 POSITIONS AVAILABLE TRUST DEPT. MANAGERS—Need two - Omaha and Kansas City. Need JD plus 3-6 years of gen eral trust experience. To $40K. TRUST DEPT. ADMINISTRATORS—Need two Omaha and Central Iowa. Need a degree + 2 years or more experience In trusts. To lower $20’s. INVESTMENT PORTFOLIO MANAGER—Need many years of experience as an Investment analyst in a trust dept. $75 million portfolio. Omaha. To $45K. All fees are paid by our client employers. Richard L. Beam, CPC GUMBERT EXECUTIVE EXCHANGE, INC. 11246 Davenport Street Omaha, NE 681S4 Phone: 4021330-3260 Member National Personnel Associates We’re Nationwide $70MM Bank is looking for a SENIOR LENDER. Must have 8-10 Yrs. experience with emphasis on Commercial Lend ing. Position leads to EVP. Send resume to File No. WIT c/o Northwestern Banker. (PA) CHIEF EXECUTIVE OFFICER is retiring. $55MM Bank looking for an aggressive #2 man that wants the opportunity and challenge to run his own show. Send resume to File No. WJD 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) #2 COMM/AG LOAN OFFICER—for $10M bank started 5 yrs. ago. 3-5 yrs. exp. preferred, salary negotiable. Send resume to Dennis Kennedy, 1st Neb. Bank, 3225 23rd St., P.O.Box 1276, Columbus, NE 68601. (PA) COMMERCIAL LOAN OFFICER. $180MM aggressive west ern Wisconsin bank. 2 years prior commercial lending ex perience or completion of commercial loan training pro gram. Excellent salary & benefits. Send resume and salary requirements to File No. WJL c/o Northwestern Banker. (PA) 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) Serving bankers quietly and efficiently. CAPITAL PERSONNEL SERVICE 714 First Interstate Bank Building Des Moines, Iowa 50309 515-283-2545 CHOOLEH In SENIOR AG LENDER Outgrown your job? Mgt position offers high growth & in come potential. Must have been in bank ag lending 5 + yrs & have some knowledge of all lending areas. $34K. COMM’L LENDER Join a successful team! Well run cty seat bank in excel lent location seeks 6 + yrs lender w/strong comm’l, real estate & ag lending capabilities. Spotlight position that starts at #2 & will lead to #1 in bank. $38K. RETAIL MGR Run the show. Small comm'l, consumer & ag skills are' musts for this suburban position. High image professional w/4+ yrs exp will play leadership role in future of bank. $28K. AG LOAN OFFICER Near metro bank seeks hardcharging 1-3 yr lender who wants to work w/the best. Position is great stepping stone to senior mgt level working with quality customers and portfolio. $23K. FOR FURTHER INFORMATION CONTACT KURT ROSENCRANTS ROBERT HALF accounting, financial and edp personnel specialists 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 ALL FEES COMPANY PAID 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 rt-^ ence. IBM, DOS, MVS..........................................To $30,000w Financial Careers, Inc. Two Ruan Center/Sulte 1000, Des Moines, IA 50309 515/245-3786 Employer pays fee. Please contact Lorraine Lear or Malcolm Freeland con-^$ cerning these and other Midwest banking opportunities. FOR SALE RECONDITIONED BRANDT Coin Sorters-Counters BRANDT Currency Counters New Warranty 402-571-5577 POSITION WANTED INVESTMENT MANAGER. CUSTOMER ACCOUNTS. Ex perienced In brokerage & mutual funds. Securities and in surance licensed. Send replies to File No. WJK c/o North western Banker. (PW) POSITIONS AVAILABLE AG LENDER with strong ag credit background. Excellent opportunity in a progressive Iowa bank..............To $25,000 ASSOCIATES "Successful Banking is Quality Personnel" POSITIONS AVAILABLE V.P. MID-MARKET COMMERCIAL LENDER Are you an aggressive business developer? Top perform ing Mpls bank seeks a proven coml lender with 5 + yrs exp to source mid-market credits in the metro area. This high visibility spot will lead to greater opty! To $50K. Job #NW1663. AG LOAN OFFICER Once in a lifetime opty! SE Minn bank is looking for a junior ag loan officer with 1 + yrs exp to grow with a pro gressive organization. Great career pathing available! To $27K. Job #NW1664.£ CONSUMER LOAN OFFICER Are you ready for a major step forward? A top performing bank group is looking for a strong lender with 2 + yrs con sumer lending exp coupled with effective communication skills. A terrific group floor opty located in a great Minn area just outside of Mpls. To$20K. Job#NW1665. FOR MORE INFORMATION CONTACT PAUL GENTZKOW OR JEAN TODD “ ROBERT HHLF OFMMNESOTA.MC. accounting, financial and edp personnel specialists 3636 IDS Center Minneapolis, MN 55402 E (612) 339-9001 POSITIONS AVAILABLE PRESIDENT, $40mm bank, small town, private ownership................................................... $50,000 EVP, $175mm, strong lending, strong public rel., operations knowledge..........................$65-$75,000 PRESIDENT, $25mm, strong beef & dairy, quality organization................................................$50,000 EVP, $70mm, 25,000+ population, seasoned lender, strong bus. development................ $50,000 VP, $100mm, head of business banking, solid lender, manager, teacher..................... $45-$50,000 SR. AG. LENDER, work out portfolio, Farm Credit or Fed. Land Bank background........... $40-$45,000 AG WORK-OUT SPECIALIST, Farm Credit or Fed. Land Bank background........................ $35-$40,000 AG VP, $50mm + bank, small town, manages staff of ten...........................................................$35,000 SVP OPERATIONS, #2 Officer, strong cashier & accounting background, $70mm..........$45-$50,000 COMMERCIAL LENDER, top location in mountain country, $10mm portfolio.............. $30,000 DON W. SCHOOLER 2508 East Meadow Springfield, Missouri 65804 (417) 882-2265 ALL FEES COMPANY PAID 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 and business develop ment skills desired. Open ^ LOAN REVIEW - large urban bank affiliated with major 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. ™ $45K Additional positions available in midwestern states for experienced bankers. TOM HAGAN & ASSOCIATES 2024 Swift - Box 12346 North Kansas City, MO 64116 816/474-6874 A “Serving the Banking Industry Since 1970” Vol. 16 No. 5 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 Des Moines, Iowa. Address all mail subscriptions, changes of address (Form 3579), manuscripts to Northwestern Banker, 1535 Linden St., #201, Des Moines, Iowa 50309. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis #
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