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• Barter for P IK Grain Is Popular NEW chapter is being added to the centuries old story of barter ing in the wake of PIK payments. The ink was hardly dry on the Payment-in-Kind document when var ious approaches began surfacing that offer farmers cash or trade for the grain paid to them by the federal government for idling crop land this year. PIK is intended to reduce mounting grain surpluses, and at the same time to assist financially strapped farmers. One of the first to announce a bar ter offer was International Harvester, which is struggling for its financial life. IH is offering to trade its farm equipment to farmers for ti tle to their PIK grain. Many farmers don’t have cash flow to support needed machine purchases, so the IH offer may be a viable solution for both. Another move was the appoint ment of United Missouri Bank of Kansas City, N.A., as “depository and distribution” agent for AGRIPIK Services, Inc., on all checks in volving farmers’ PIK contracts and payments to dealers, manufacturers, lenders and farmers. AGRI-PIK Services is a national clearinghouse service for PIK contracts, enabling farmers to arrange equipment and other acquisitions with these contracts now, instead of waiting until later in the year. It also enables farmers to use their PIK contracts A • ® _ ® _ 9 0 0 0 + • May 2,1983 Des Moines, Iowa Vol. 12 No. 2 with more than one supplier. (De tails page 25, May Northwestern B anker .) transport these bulk commodities in the United States and abroad. The company also has major in terests in oilseed processing, flour milling, baking, feed manufacturing, poultry and beef production and poultry and pork processing. □ The most recent arrival on the barter scene is Continental Grain Company, a worldwide commodity merchandiser and processor. It has ABA Council Selects established a barter group to take advantage of changing conditions 1983-84 Officer Nominees Nominations for the 1983-84 underlying the traditional methods American Bankers Association of of international trade. ficers were made at the A BA ’s an nual spring meeting at Greenbrier, White Sulphur Springs;, W.Va. The 146 elected and appointed membership of The ABA Council, acting as the nominating committee, has designated the following can didates: •for president, C. Robert Brenton, currently ABA president-elect and president of Brenton Banks, Inc., Des Moines, IA; •for president-elect, James G. Cairns, Jr., president of People’s Bank of W ashington, Seattle, David H. Swanson, executive vice Wash.; •for chairman of The ABA Coun president and general manager of Continental’s world grain division cil, William H. Kennedy, Jr., current states, “It is our belief that barter ABA president and chairman of the trading will become an increasingly board, National Bank of Commerce, Pine Bluff, Ark.; effective business mechanism.” •for treasurer, Harry R. Mitiguy, Continental Grain is a major mer chandiser of agricultural products, president and chief executive officer, semi-processed metals and ores, and Howard Bank, Burlington, Vt. Election of the 1983-84 officers coal. Through its ownership and operation of river barges, tow boats will occur at the ABA annual con and ocean vessels, it is able to vention, October 8-12, in Honolulu. CALL ON THE “PERFORMANCE TEAM” where common transactions are handled uncommonly well. • https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis m m w FIRST NATIONAL LINCOLN 13th & M Street •Lincoln, Nebraska 68501 •Member, F.D.I.C. Count on Ken Roeder. For the best in ag overline, data process ing and cash management services, along with expert advice and guidance, call Security Correspondent Bank Officer Ken Roeder at 712/277-6554. SECURITY NATIONAL BANK Siou x City, Iow a 51101 M em ber F.D.I.C. Banco Becomes Norwest Stockholders of Northwest Bancorporation overwhelmingly ap proved the proposed name change to Norwest Corporation at their an nual meeting last week. As announced in earlier issues, each of the 86 Ban co banks now will be identified as Norwest Bank, followed by the name of the city or identifying area. If it is a national bank, the initials “N.A.” will follow. Each Banco sub sidiary has similarly been re-named in keeping with the corporate re structuring announced earlier to position the company as a broadbased financial services firm. Full details are in the May N orthwest ern B anker . ASK TE R R Y M ARTIN to make MNB work for you. Toll free 1- 800- 332-5991 Merchants ^ National Bank 151 Member F.D.I.C. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A 'BANKS OF IOWA' BANK Iowa News CEDAR FALLS: Midway Bank and Trust has announced the promotion of Darrel Wilken from vice president and cashier to senior vice president. Mr. Wilken has been with Midway Bank for 15 years. Also at the bank Doris Westemeier has been pro moted to assistant vice president, and Mike Butler to assistant vice president and cashier. be Micro-Computer Hardware and Software and Bank Marketing. BICS Institute is located in the Life Investors Building in Cedar Rapids. DES MOINES: Peat, Marwick, Mit chell & Co. will sponsor its Sixth An nual Bank Seminar on May 18, at the Marriott Hotel, starting at 12:00 noon and concluding at 5:30 p.m. The seminar is designed to assist ex ecutive and financial bank manage ment in staying abreast of current and future developments which will affect financial planning for their bank and/or bank holding company as well as their banking customers. Topics included will be Investment Strategies, Tax Equity and Fiscal Responsibility Act of 1982, Micro computer Applications for Banks, Regulatory and Financial Reporting Developments, and Bank Holding Company Update and Acquisition of Offices. In addition, Mrs. Mary Garst, of Coon Rapids, la., and director, Chicago Federal Reserve Board, will be the featured luncheon speaker. Her topic will be “Agricul ture and Banking in Iowa.” CEDAR RAPIDS: BICS Institute, the education center of Banks of Iowa Computer Services, Inc., is featuring an Asset Liability Man agement Seminar on May 24th. Car ol Swiger, president of Swiger Con DES MOINES: Kenneth Danilson, sulting Group, Inc., in Res ton, Va., formerly vice president and ag rep at will be the seminar instructor. Mrs. Citizens National Bank, Boone, has Swiger has 15 years experience with been elected to the same position financial institutions, as director of with United Central Bank of Des support service for Datatel, Inc., Moines. vice president of First Virginia Banks and with National Bank of DES MOINES: Hank Wilmer has Washington. A graduate of the submitted his resignation as senior American Institute of Banking, vice president and senior loan officer Mrs. Swiger has won awards for at United Central Bank of Des public speaking and recently has Moines, to accept a position as sen been conducting a series of seminars ior vice president responsible for for BAI. Information may be ob commercial lending, ag lending and tained by calling 319/395-6704. For loan administration at the Corpus three years, BICS Institute has Christi National Bank in Corpus served as a resource center to meet Christi, Tex. Robert G. Millen, presi the educational needs for today’s dent of UCB, said Mr. Wilmer will progressive banker in banking ser remain with UCB for approximately vices, data processing applications four weeks in order to assist in as and human resource development. smooth and orderly transition as This year’s other class offerings will possible. Professional ... Responsive... Call Mark Christen for any correspondent service. Call toll free (800) 622-7262 Valley National B an k isi DES MOINES, IOWA 50304 A BANKS OF IOWA BANK Member FDIC 3 L¡! Hutton One Carriers Building Des Moines, Iowa 50309 Telephone: (515) 243-1203 Moody’s: Aaa S&P: AAA We own and offer subject to prior sale and change in price and subject to our attorney’s approving opinion: $8 ,000,000 CITY OF DES MOINES, IOWA General Obligation Bonds DATED: April 1,1983 DENOMINATION: $5,000 Both principal and semiannual interest (December 1 and June 1; first coupon due December T, 1983) payable at the office of the City Treasurer, Des Moines, Iowa. IN THE OPINION OF COUNSEL INTEREST ON THESE BONDS IS EXEMPT FROM ALL PRESENT FEDERAL INCOME TAXES. MATURITIES $400,000 500,000 600,000 $700,000 $800,000 800,000 800,000 6 7/8% June 1,1985 June 1,1986 June 1,1987 6.90% June 1, 1988 7% June 1, 1989 June 1,1990 June 1,1991 5.25 5.70 6.00 6.25 6.50 6.75 7.00 $800,000 7.20% June 1, 1992 7.20 $800,000 7.40% June 1,1993 7.40* $900,000 900,000 7 1/2% June 1,1994 June 1, 1995 7.55* 7.70* ‘ Bonds callable June 1, 1992 at 100% LEGALITY TO BE APPROVED BY CHAPMAN AND CUTLER, CHICAGO, ILLINOIS The City of Des Moines, the county seat, is located in Polk County in central Iowa. Des Moines is the State Capital and the largest City in the State and is also the industrial, commercial, financial, trade and transportation center for the State. Larger employers within the City in clude: The State (7,300); U.S. Government (5,100); Des Moines Independent School District (3,550); Northwestern Bell Telephone (3,500); Younker Brothers (3,094); The Bankers Life (2,900) and Meredith Corp. (2,800). The top taxpayers in the City and 1982/1983 Assessed Valua tions include: Meredith Corp. - $53,749,240; Ruan Center Corp. - $27,963,320; International Business Machines - $24,079,316; and General Growth Corp. - $21,296,430. Sixty insurance companies have home offices in Des Moines and banking services are provided by 25 different banks. Transportation facilities are provided by four airlines, five railroads and 47 truck lines. These bonds are being issued to provide funds to pay costs of various capital improvements included within the 1982/83 Capital Improvement Budget including the following: airport improvements, the reconstruction and repair of bridges and viaducts, parks improvements, the con struction and reconstruction of sanitary sewers, storm sewers and drainage facilities, and sidewalks and street improvements. Bond pro ceeds will also be used to pay costs of equipping fire and police departments, repairing cemetery facilities and improving parks already owned. FINANCIAL STATEMENT Actual Valuation, 1982 Assessed Valuation, 1982 Net Direct Debt, including this issue Net Direct and Overlapping Debt $3,563,216,691.00 2,787,756,032.00 47,955,000.00 64,754,200.00 Population, 1980 Federal Census: 191,003 Net Direct Debt: Combined Net Debt: $251.07 per capita $339.02 per capita The information contained herein is not guaranteed, but is derived from sources we deem reliable and is that on which our purchase of these bonds are based. Bonds of a particular maturity may or may not s till be available or may now be available at a price or yield different from that indicated above. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis An important new profit center for your bank: - F L t ^a co® K ■ m p uterized Contact: Leroy Bell or been a vice president with North west Bancorporation (now Norwest Corporation) has been transferred here to become president of First National Bank. He succeeds Phil Morris, who retired April 30. Milt Hennîck TIPTON: Paul D. Dunlap, president of Hawkeye Bancorporation, recent ly announced that the stockholders of Tipton State Bank have voted to accept an offer to sell control of the 315 East 5th St. ♦ W aterloo, IA 50704 Member Federal Reserve System FDIC bank to Hawkeye Bancorporation. Terms of the proposed acquisition, DUBUQUE: Robert J . Donovan has the bank in 1966 and has worked in which is subject to Federal Reserve been promoted to vice president and all phases of the bank’s manage Approval, were not disclosed. trust officer at American Trust & ment, most recently as executive Savings Bank. Mr. Donovan began vice president. Mr. Hill has been his banking career with American with the bank since 1973 and has Nebraska News Trust in 1969 and specializes in had responsibility for real estate estate administration and opera lending, marketing and the trust IM PERIAL: Douglas King, pre viously vice president of the Raven tions for the bank’s trust depart department. na Bank, has joined the staff of the ment. HUBBARD: Don Heineking, presi Chase County Bank & Trust Com GRINNELL: Larry A. Mindrup has dent of Security State Bank, has an pany as vice president and trust of been named president of Poweshiek nounced the promotion of Mark ficer effective April 11. County National Bank, announced Johnston, assistant cashier, to the Max A. Smith, who retired recently position of cashier. Mr. Johnston, KEARNEY: Gary L. Kruse has as president. Mr. Smith, who will who has been with the bank three been elected senior vice president continue to be active in the bank on years, replaces Stephen L. Doering, and senior loan officer of First Na a part-time basis as vice chairman, who is leaving the bank to go into tional Bank & Trust Co. Mr. Kruse also announced the election of private business locally. taught in the Albion Public School Douglas R. Hill as executive vice System until May of 1973. He joined president. Mr. Mindrup first joined MARION: Larry Hansen, who has the Albion National Bank in July, 1973, and served as executive vice president from 1978 until present. local b illin ^ cred lt service 319 291-5412 - National Bank of Waterloo COMMERCIAL LOAN OFFICER Citibank (South Dakota), N.A. is a national bank established in Febru ary, 1981 and is wholly-owned by Citicorp, New York. In less than two years, we’ve grown from a start-up phase to an organization currently employing over 950. We currently seek a Commerical Loan Officer with 3+ years of experience in correspondent banking, middle-market ($550MM in sales) commercial loans, and agribusiness loans. The qualified candidate should have a business/ag/accounting educa tional background and broad experience in banking, including credit, marketing, and products/services. In addition to excellent career growth potential, you will enjoy living in Sioux Falls, rated as one of America’s ten best communities. You’ll enjoy a friendly area offering diverse cultural, sporting, and recrea tional activities. If your qualifications match our requirements, find out more about a career opportunity with Citibank (South Dakota), N.A. Please send your resume and letter of introduction with salary requirements to: Citibank (South Dakota), N.A. P.O. Box 6000 • Suite 1166-NBN Sioux Falls, South Dakota 57117 A n E q u al O p p o rtu n ity E m p lo y e r M /F /V /H CITIBANK® https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis LINCOLN: Joan Cromwell, an aud itor of Commerce Group, Inc., has recently been elected president of the NOVA Business and Profes sional Women’s Association. The National Federation of Business and Professional Women’s Clubs (BPW) is the world’s oldest and largest organization of women and has placed itself at the forefront of major economic, social and political issues affecting women in the American workforce. OMAHA: James R. Campbell, chair man of the United States National Bank, has named Robert R. Culver to head up the real estate division of the bank’s financial institutions group. Mr. Culver, vice president, will oversee the development and delivery of a full line of mortgage loan products and services. He has been with the bank since 1964. OMAHA: Tim L. Kyndesen, pre viously with Bankers Trust Com pany in Des Moines, Iowa, has joined the staff of Omaha National Bank as a correspondent officer. And you thought you know where the collateral Why run the; risk of doing all your usual thorough paper work and documentation and then flndyour collateral has gone to market? Without your knowledge. That’s where Collateral Control comes in. Whether it’s agricultural products, manufactured goods or anything that can be counted—Collateral Control will help your bank secure working capital loans. Today’s creative lenders are putting together more and more loan packages that include a revolving line of credit against receivables and inventory. And in the process they’re discovering what some banks have known all along. That asset-based lending can be perhaps the most secure form of lending. See how your bank—with the help of Collateral Control — can grow and profit with asset-based lending. Do not assume that you have a situation too difficult to manage. If you can put a fence around it or a roof over it, Collateral Control has the service to fit specific need. Digitized for your FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Write us today. And get control of your loan collateral. COLLATERAL CONTROL CORPORATION Now available— comprehensive all new collateral management booklet. NWB-5/83 Send me a free copy. Name __________ Title Institution_______________________ _______________ _______ Address_______________________________________________ C i t y - L_________________ State. ....... Zip___________ I Mail to: Corporate Office 444 Lafayette Road St. Paul MN 55101 612/222-7792 COLLATERAL CONTROL CORPORATION eral Session beginning at 1:00. The afternoon will include a talk on the “Revised Uniform Principal and In come Act of 1983” and Guest Speak er Gerry Hanson will present “You M. Are The Difference.” The evening will feature a cocktail party, dinner and election of officers. On May 13 a Continental Break fast at 8:00 a.m. will be followed by “Mini Computer Methods & Appli \Q\N& SM** cations.” On the lighter side will be “Household Furnishings & Personal Effects” or “Watch Out For Collect *(den _h e,’ fO»c• ''® ables” followed by an “ Investment Review.” The conference will ad Elm Bancshares, Inc. The proposal journ at 11:45. Minnesota News NORTHFIELD: The board of direc contemplates that the shares of * * * tors of First Bank Northfield, has Charter Clarendon will be exchanged Paul Schummer, assistant vice elected Jack M. Lundeen president for shares of Elm common stock on a president at Northwestern National share for share basis. The transac and managing officer, effective May Bank of Helena, has been appointed tion is subject to the development of 15. Mr. Lundeen succeeds Rodell L. as the agricultural State Action Holland, who has accepted a posi a definitive agreement and regu Banker for Montana by the Agri latory agency approved. tion as senior vice president and se cultural Bankers Division of the cond officer of First Bank Security, American Bankers Association. The St. Paul. Mr. Lundeen most recently South Dakota News purpose of the State Action Banker was associated with First Burnsville Program is to keep a flow of infor BIG STONE: First Interstate Ban State Bank, where he served as vice mation going between the Division corp said April 21 it has agreed in president of commercial loans. He principle to acquire Big Stone Bank, and the nation’s ag bankers. began his banking career in 1971. Mr. Schummer will be responsible which has about $6.4 million assets, MINNEAPOLIS: F&M Marquette in order to set up an insurance for keeping Montana’s ag bankers National BAnk and Bank Shares In operation in the state as authorized informed on the diverse programs corporated recently announced three by recent law. and information available from the key promotions. Patrick L. StotesAg Bankers Division and for keep bery has been promoted to senior SUMMIT: Milton G. Slaathaug, 65, ing the Division informed about the vice president in charge of the president of Peoples State Bank, needs of Montana’s ag lenders and bank’s newly formed strategic plan died last month following a long ill ag borrowers. He will also work with ning division. Bruce W. Gilmore has ness. Mr. Slaathaug, who had been the Montana Bankers Association been promoted to senior vice presi affiliated with Peoples State for 46 and its Ag Credit Committee. dent of the bank. He joined the bank years, served in both state and dis in 1976 as controller. Margaret A. trict positions with the South FORSYTH: Verland A. Thomas re Majewski has been promoted to vice Dakota Bankers Association and cently was named president of Mon president, executive department, at had been presented with the 40-year tana Bank of Forsyth. Prior to being both F&M Marquette and Bank service pin of the association. named president, Mr. Thomas had Shares Incorporated, the bank’s served as vice president and cashier holding company. at Montana Bank of Billings for the North Dakota News FARGO: Tim V. Stern, president of past four years. Illinois News Northwestern Bank and Trust Com CHICAGO: Sears Bank and Trust pany in St. Cloud, Minn., has been GLENDIVE: First National Bank Company Chairman and President elected president, chief executive of has announced the advancement of Donald D. Thornburg has announced ficer and a director of First National Thomas W. Hughes to executive the recent promotion of George S. Bank of Fargo. He succeeds George vice president. Mr. Hughes started Dusenbery and John F. Larkin to W. Schwartz, who resigned in Jan his banking career in Helena in vice president status. Mr. Dusen uary. Mr. Stem has been with 1956, joining the Glendive bank in bery is in the investment division Northwest Bancorporation since 1965. He most recently served as and Mr. Larkin is in the trust divi 1960, serving as president of North senior vice president in investments. sion. western National Bank in Norfolk, ELMHURST: The boards of direc Neb., before becoming president of Colorado News tors of both Elm Bancshares, Inc., the St. Cloud bank in 1978. f f p í dent “•"" «íssaM Firs^ the holding company for Elmhurst National Bank, and the Charter Clarendon Bancorporation, Inc., the holding company for Bank of Clar endon Hills, have approved in prin ciple the combination of Charter Clarendon Bancorporation, Inc., and the Bank of Clarendon Hills with https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis P .O . Montana News The Montana Bankers Associa tion will be holding its annual Trust Conference May 12 and 13 at the Billings Sheraton Hotel. Registration will begin at 12:30 p.m. on the 12th with the first Gen BOULDER: Mary F. Clough has been appointed vice president and executive officer for operations at Arapahoe National Bank. She pre viously served with banks in Gree ley and Des Moines, Iowa, in cus tomer service and banking opera tions. McGladrey Hendrickson & Co. invites you to attend CRITICAL ISSUES 1983 A program for bank chief executive officers and key marketing personnel any dramatic changes are taking place in the banking industry. Deregulation, narrowing profit markets, increasing competition from non-bank institutions and changing consumer attitudes present new challenges and opportunities to executives of small and medium-sized community banks. CRITICAL ISSUES 1983 will address the effects these changes will have on your bank, and explore new ways to: ■ Improve your marketing position ■ Market bank services profitably ■ Develop a competitive management plan ■ Find out what savers and investors are thinking about banks Two experts in bank deregulation and marketing will be featured at CRITICAL ISSUES 1983: Arthur J. L. Lucey, president of Lucey and Sharpe, Inc., a bank marketing consulting firm and producers of Monitor of Current and Emerging Issues Jim Koltveit, Banking Industry Services Coordinator for the accounting firm of McGladrey Hendrickson Minneapolis Denver Tuesday, May 10, L'Hotel Sofitel, 9:00 a.m.-6:00 p.m. Thursday, May 12, Marriott Hotel Southeast, 9:00 a.m.-6:00 p.m. Registration fee of $175 covers materials, luncheon and refreshments. To register, contact Jim Koltveit at (309) 794-1020 or Bill Carr at (319) 359-4441 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis WANTADS Rates are $5.00 per line per insertion. Add $3.00 for file letters per insertion. Identity of file letter advertisers cannot be revealed. NORTHWESTERN BANKER 306 - 15th Street Des Moines, Iowa 5 0 309 Phone 515/ 244-8163 Estate Appraisals Purchase of Collections Sale of Rare Coins Reliable and respected service for over 20 years Used by bankers throughout the midwest Ben E . Marlenee Coins 913 L o c u s t D e s M o in e s , Io w a 50309 515-243-8064 WANT TO BUY A ffiliated Midwest Bancs Inc., a progressive group of six banks Is looking for a COMMERCIAL LOAN OFFICER for a $33 m illion bank in S.E. Nebraska; and an AGRICULTURAL LOAN OFFICER for a $60 m illion bank in central Iowa. Prefer 3-5 years experience for both positions. Salaries commensurate w ith experience. Send resumes to Jack Ayres, P.O. Box 486, Bellevue, NE 68005.__________ (PA) COMMERCIAL LOAN OFFICER for a $75 m illion west cen tral Minnesota bank. Send resume to file TBS, c/o North western Banker. (PA) PRESIDENT—$24 m illion bank in Fort Madison, Iowa. Must have lending background and a bility to produce a high performance bank. Contact: Larry Wenzl, P.O. Box 1622, Des Moines, Iowa 50306. Phone: 515/244-5111. (PA) AG LENDER for central Iowa bank. Several years lending experience required. Operations and/or computer exper ience a plus. Send resume and salary history in strict con fidence. Salary commensurate w ith experience. Write file TBT, c/o Northwestern Banker. (PA) INSURANCE MANAGER—$12MM northwest Iowa bank. Experience and license for all lines of insurance needed. Send resume to J.M. Currie, Box 69, Schaller, IA 51053. (PA) POSITIONS AVAILABLE CEO for smaller community bank in eastern Iowa. Must be ag-oriented and know lending and operations...................... .....................................................................Salary $30,000 + . Auditor for major northern Iowa bank. Prefer CPA w ith two or more years of bank-related experience .. Salary $25,000. Ag Lender for northwest Iowa community bank. Prefer graduate of Iowa State or comparable university and three or more years e xp e rie n ce ........................ Salary to $26,000. Auditor for northwest Iowa bank. Must have bank-related experience..................................................Salary to $25,000 Operations position in west central Illinois bank. Some lending experience h e lp fu l.......................... Salary $25,000. Ag Lender for northern Illinois bank, located in scenic area near larger city. Must have three or more years bank ex perience .........................................................Salary $28,000. Used Pitney Bowes Postage Meter Mailing System. Con tact Clarke R. Gelfermann, Griswold State Bank, P.O. Box C, Griswold, Iowa 51535. Phone: 712/778-2265. (WTB) SERVING PROFESSIONALLY Banking, Financial & Business Personnel Iowa and Nationwide CAPITAL PERSONNEL SERVICE 714 U.C.B. Building, 515-283-2545 Des Moines, Iowa 50309 NEED QUALIFIED BANK EMPLOYEES The Consumer Banking and Agriculture Finance program at the Red Wing Area Vocational-Tech nical Institute are pleased to announce the avail ability of graduates for employment. These men and women have completed 2160 hours of course-work in the fields of banking, agri culture, financing, insurance, and credit. They are now prepared for professional careers in banking and are anxious to meet with you to help fill your professional needs. For interviews or more infor mation, please call: Romeo Cyr or TerFi Beckman at 612/388-8271. (PA) ‘SERVING YOUR EMPLOYMENT NEEDS SINCE 1972’ W rite or call Malcolm Freeland, Freeland Financial Ser vice, Inc., 1032 Carriers Bldg., Des Moines, IA 50309. Phone 515/282-6462. Employer pays reasonable fee. Why Not a Higher Paying Position? Call us and lets talk about your banking career. R.E.B. & Associates Executive Search Consultants 13625 C. St., Omaha, Nebraska 68144 Phone: 402/333-8248 or 333-6604 Ag Banking People Specialists Employers have been paying us to help them I I I I I I □ I would like to sell my majority bank stock. □ I would like to buy ma jority bank stock. Please C ontact: J. Mason Henry Charles E. Walters Co., Inc. 39 G inger W oods Road, Valley, Nebraska68064 Phone: (402) 553-6400 hire better, faster, easier since 1968. 1 I I I I I I Commercial Lender, age 36, over 10 years of experience with multi-bank holding company - proven track record -solid references.......................................................... $38,000 Senior Ag Lender, age 40, Iowa State Grad., handles $20 million portfolio with minimal charge-offs. Could be strong second man.................................................................. $40,000 CEO heading com munity bank for major multi-bank holding company seeks position in Minnesota/Wisconsin area. Excellent references...................................Salary Neg. Commercial Lender, 40, over 10 years experience in $80 m illion bank. Works heavily in inventory and accounts re ceivable financing.......................................................... Salary $35,000 Marketing Executive w ith commercial lending experience w ith major midwest bank...............................................Salary $40,000 Attorney experience in trusts and estates plus high perfor mance investment record.............................................. Salary $45,000 Ag Lender w ith over 20 years of experience and excellent record. Prefers central or southern Io w a .. . . Salary $28,000 Auditor w ith multi-bank holding company. Over 15 years experience — CPA de g re e ........................................... Salary $36,000 Installment Lender w ith multi-bank holding company. Seven years experience and college degree. Prefer north ern or central Iowa..........................................................Salary $23,500 V.PJCashler w ith heavy operations experience. Prefer eastern Iowa or Illinois location................................... Salary $25,000 Ag Lender w ith Iowa State Degree and one year’s ex perience with major bank.................................Salary $17,000 Ag Lender w ith Iowa State Degree and seven years ex perience........................................................................... Salary $30,000 If you need qualified o fficer material, call or w rite Malcolm Freeland, Freeland Financial Services, Inc., 1032 Carriers Bldg., Des Moines, Iowa 50309. Phone 515/282-6462. Employer pays modest fee. POSITION WANTED Iowa State University Senior graduating in May w ith B.S. in Agricultural Business, w ith an emphasis in Agricultural Finance. Seeking position leading to an AG LOAN OF FICER. Have farm background and work experience in many areas. W illing to relocate, available June 1, 1983. Contact D.L. Frieden, P.O. Box 91, Gilbert, IA 50105. (PW) BANKING If you would like to evaluate your career, my clients across the country have a wide range of needs in operations, lending, and trust. Salaries are in the $20-80,000 range. Clients pay our service charge. Call or write: W alt Heyne, Dunhill of Fayetteville Box 1570, Rogers, Arkansas 72756 Phone: 501/636-8578 POSITIONS AVAILABLE EXECUTIVE BANK RECRUITING CEO for central Illinois community bank. Must have heavy lending and adm inistrative experience in bank up to $25 m illio n .................................................................Salary Open. Commercial Lender for major Missouri b a n k ...................... ..................................................................... Salary to $38,000. BANKERS AVAILABLE CEO of high performance bank seeks new challenge with Upper Midwest community bank in or near a city of 10,000 population............................................................. Salary Neg. Call without cost or obligation for more information. Confidential. Linda: 515/394-5827 New Hampton, Iowa 50659 Jeannie: 515/263-9598 (If no answer 712/779-3567) Massena, Iowa 50853 • NATIONWIDE aon CARERS, INC. * THE ORIGINAL AGRICULTURAL RECRUITER PRESIDENT—rural $20MM bank in medium size communi ty. Agriloan and operations background desired. $36,000 OPERATIONS—#3 position in $60MM com m unity bank. Accounting degree and 5 yrs. plus experience in sim ilar size bank desired. $35,000 SECOND OFFICER—small rural bank w ithin short dis tance of larger com m unity. Prefer Agriloan experience and insurance licenses. $20,000 COMMERCIAL LOAN—addition to s ta ff of $80MM subur ban bank. Degree and 1-2 yrs. commercial lending ex perience required. $26,000 JUNIOR OPERATIONS—$30MM credit union w ith two branches. Prefer bank experience. $18,000 AGRILOAN— rural bank of $20MM. Requires 2 yrs. or more agri-lending background. $18,000 SENIOR LENDER— large com m unity bank seeks ex perienced commercial lender to manage all lending areas. $45,000 Additional opportunities are available for junior and senior level bankers. Resume' and salary history requested. TOM HAGAN & ASSOCIATES of Kansas City 2024 Sw ift - Box 12346 North Kansas City, MO 64116 816/474-6874 “Serving the Banking Industry Since 1970” Vol. 12 No. 2 Northwestern Banker Newsletter (USPS 873-300) is published weekly by the Northwestern Banker Company, 306 Fifteenth Street, Des Moines, Iowa 50309, (515) 244-8163. Subscriptions $1.00 per copy, $18.00 per year. Second class postage paid at Des Moines, Iowa. Address ail mail subscriptions, changes of address (Form 3579), manuscripts, mail items to above address. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
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