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• Voi. 17 No. 3 Des Moines, Iowa May 2,1988 New FDIC Approach to Failing Banks ^ T HE Federal Deposit Insurance I Corporation announced recently that potential acquirors of failed or failing banks will have more options and more time to submit their bids. ^ The new approach was outlined by FDIC Chairman L. William Seidman in an address to the Executive Council of the Banking Law Com mittee of the Federal Bar AssociaA tion meeting in Washington. Under the new approach, poten tial bidders, whenever possible, will be invited to submit competitive bids for a “whole bank,” either on an 0 “open” bank basis or a “closed” bank basis, at the bidder’s option. In either case, using the closed bank approach or the open bank assis tance under Section 13(c) of the FDI 0 Act, the acquiror would assume all of the assets and liabilities of the bank in return for a payment from the FDIC. The FDIC will try to give poten0 tial acquirors up to three or four weeks to analyze a failing institu tion before submitting their bids, removing much of the uncertainty under the present system which re0 quires bids on short notice. Should it not be possible to arrange the pre ferred “whole bank” transaction on either an “open” or “closed” bank basis, the FDIC would then attempt 0 a traditional purchase and assump tion transaction, with the FDIC tak ing possession of certain problem https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis assets. “This new approach is designed to make failed banks more attrac tive to bankers and other potential bidders,” Chairman Seidman said. “Either the open bank or whole closed bank acquisition can reduce cost to the FDIC and prove less dis ruptive to the community and the bank customers.” A transaction of this type requires the cooperation and approval of the chartering authority and the support of the directors and shareholders of the failing institution. Mr. Seidman noted that the new approach was developed with close cooperation of the various state banking departments and the Comp troller of the Currency. He added that the FDIC has asked the Inter nal Revenue Service for favorable rulings on the tax implications for institutions participating in such transactions. □ sentative, and John Chrystal, chair man and CEO of Bankers Trust, Des Moines. Three concurrent work shops, “Mastering Our Responses to Change,” “Dynamics of Suc cess,” and “Opportunities in Bank Sponsored Investment Brokerage,” will be held Thursday afternoon. NABW State President Roma Kroll will preside at the banquet Thurs day evening, and Joan Johanson will speak on “Feeling Good.” Friday’s program will feature “Higher Pro fits? Communicate a Positive Image to the Customer/Clients” by Donald J. Grandgenett, professor of educa tion at the University of Nebraska. For more information, contact Karen Uehling, Union National Bank, 712/779-2234. * * * A seminar entitled “Financial Strategies for Today’s Capital Mar kets” will be held at 1:30 p.m. on May 18 at the Des Moines Marriott Hotel. It is co-sponsored by Norwest Bank Des Moines and Norwest Cor Iowa News porate Finance. Norwest Corpora “Mastering the Future,” the Iowa tion Vice Chairman Richard Kovacestate conference of the National As vich and other Norwest staff sociation of Bank Women, will be members will address a number of held May 11-13 at the University topics. From 5:00 to 6:30 there will Park Holiday Inn, W est Des be informal discussion and refresh Moines. Scheduled speakers include ments. Fee is $50 for first regis “Iowa Boy” Chuck Offenburger of trant, $25 for each additional. the D es M oines R egister, Becky Register by May 6 by calling Merlin Mills, president, Mills Financial Foreman, senior vice president, Marketing & Advertising; Patricia Norwest Bank Des Moines, (515) Wyskocil, NABW National Repre 245-3131. Jeff Sims Correspondent Services Stuart Becker Correspondent Services Norwest Bank Des Moines , N.A. NORWESr BANKS SS"SS ~ m m V^mm Estate Appraisals Purchase of Collections Sale of Rare Coins Call (515) 245-3131 or toll-free (800) 362-2514 Member FDIC wM. Teamwork: one of the reasons we’re first in Iowa. r Mark Conway Reliable and respected service for over 20 years Used by bankers throughout the midwest Richard Pedersen The 1988 Iowa Young Bankers Association Annual Conference will be held May 23-24 at the University Park Holiday Inn in West Des Moines. This year’s theme is “A Step Above the Rest,” and will be reflected in presentations geared to train attendees in leadership skills. Featured speaker will be J olene Brown, popular seminar leader from West Branch. Clair Lensing, IBA president, and Neil Milner, IBA ex ecutive vice president, will appear, as will training consultant Kateri Schmerler. There will also be a panel of bank CEOs discussing manage ment skills. Registration fee is $160 for IBA members, $200 for subscri bers and $220 for nonmembers. Fee will be $20 additional after May 6. L CASCADE: The stock of the Cas cade State Bank was sold on March 28 to Cascade State Corp., a onebank holding company. Officers of that company are James R. Ken nedy, Leo J. Brickley and Thomas I. McDermott. New officers of the bank are Mr. Kennedy, president; Mr. Brickley, executive vice pres ident; Mr. McDermott, vice pres ident and cashier, and Phyllis Gross, vice president. Mr. Kennedy is the majority stockholder of Fidelity Bank and Trust of Dyersville. Cas cade State Bank had assets of $27.1 million at year-end 1987. Robert E. Kurt, who has been with the bank since 1951 and president since 1962, has retired. Cashier Gerald Volk, a bank employee since 1963, said he is not ready to announce his own future plans. The bank’s former directors, Norma and Robert Kurt, Gerald Volk, Art Ressler, Ambrose Kurt, Joseph Carroll and John Sullivan, have resigned. Bank System Capital Markets, Min neapolis, where he was the national sales manager for the government trading desk. Nebraska News LINCOLN: Among recent elections at Vistar Bank was the promotion of Charles D. Meyer to vice president and cashier. He is head of the bank administration division. Prior to joining Vistar in 1986, he was senior vice president and cashier with First National at Fremont. For Professional Correspondent Service Call 1-800-622-7262 MNB Correspondent Banker Together We Can Accom plish Great Things Call 319-368-4306 or toll free 1-800-332-5991 ThereJs A Difference In Banks... Valley National Bank in Main Office - Sixth and Walnut DES MOINES. IOWA 50304 A BANKS O F IOWA BANK Member FDIC JAMES F. MacLEAN Vice President H. PETER DeROSIER Vice President Correcting regulatory criticism and other management services The---- Rapids. Iowa 52401 Member F D IC Digitized forCedar FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 913 L o c u s t D e s M o in e s , Iow a 50309 515-243-8064 OMAHA: Three new directors will stand for election at the annual I meeting of FirsTier Financial, Inc., on May 20. They are: Robert B. Daugherty, chairman of the board of Valmont Industries, Inc.; Charles F. Heider, president of Charles Heider Company, and Michael H. Walsh, DES MOINES: Ralph H. Weickel chairman and CEO of Union Pacific has joined First Interstate Bank of Railroad. Directors not up for reDes Moines as vice president, election are: Charles W. Durham, manager of investment sales and current chairman, who has reached operations. He comes from First mandatory retirement age; P.E. LJerry _ Trudo Strength Eastern |owa Merchants National Bank Ben E. Marlenee Coins SWORDS ASSOCIATES. INC. P R O FE S S IO N A L B A N K IN G CONSULTANTS isi A BANKS OF IOWA BANK 2 Brush Creek Blvd. Kansas City, MO 64112 (816) 753-7440 m SHARP ^ Î S a v ERÎc K 300 800 & SHARP f°r a va y . kits _ temporary checks •7 . p j proof operation . Miro II - ne Quicker MICR MICR I and MICM •s p s t f j CHECK P M C E S S J M Qfordable data caPtu expandable f,heckprocess/ng equipment Afull ran ge o f ch ecK p m docum ent processor and options ara ^ s o r t e r s - 300 to . Stand alone or mjnute 1000 ¡ H ^ m | ^ . 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OVER 60% p OFALL BANKS IN OUR MARKETAREA ARE NOW INSURED BY THE KANSAS BANKERS SURETY COMPANY That’s R ig h t. . . In th e nine states w e serve w e h ave solved th e b on din g needs for 6 of every 10 banks. That's over 16.4% of all banks in the United States THE REASONS. . . | SUPERIOR SERVICE MOST COMPETITIVE PREMIUMS REALISTIC UNDERWRITING PROMPT CLAIMS SERVICE IF YOU’RE NOT GETTING THE SAME FROM YOUR BONDING COM PANY... GIVE US A CALL - YOU’LL BE GLAD YOU DID. THE KANSAS BANKERS SURETY COMPANY DAVID E. ABENDROTH Senior Vice President DONALD M. TOWLE President 611 Kansas Avenue P.O. Box 1654 Topeka, Kansas 66601 Phone 1 -9 1 3 -2 3 4 -2 6 3 1 FINANCIAL IN STITUTIO N BONDS, SAFE DEPOSITORY LIA BILITY, CHECKS KITING FRAUD INDEMNIFICATION, DIRECTO RS AND O FFICERS LEGAL DEFENSE AND LIM ITED INDEM NITY PO LICIES https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Serving th e H e artla n d of A m erica since 1 9 0 9 OVER 60% OFA U BANKS IN OUR MARKETAREA ARE NOW INSURED* BY THE KANSAS BANKERS SURETY COMPANY That’s R ig h t. . . In th e n in e states w e serve w e h ave solved th e b on din g needs for 6 of every 10 banks. That's over 16 .4% of all banks in the United States THE REASONS. . . SUPERIOR SERVICE MOST COMPETITIVE PREMIUMS REALISTIC UNDERWRITING PROMPT CLAIMS SERVICE I IF YOU’RE NOT GETTING THE SAME FROM YOUR BONDING COM PANY... GIVE US A CALL - YOU’LL BE GLAD YOU D ID. THE KANSAS BANKERS SURETY COMPANY DONALD M. TOWLE President DAVID E. ABENDROTH Senior Vice President 611 Kansas Avenue P.O. Box 1654 Topeka, Kansas 66601 9 Phone 1 -9 1 3 -2 3 4 -2 6 3 1 FINANCIAL IN STITUTIO N BONDS, SAFE DEPOSITORY LIA BILITY, CHECKS KITING FRAUD INDEMNIFICATION, w DIRECTO RS AND O FFICERS LEGAL DEFENSE AND LIM ITED INDEM NITY PO LICIES https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Serving th e H e artla n d of A m erica sin ce 1 9 0 9 • SEE YOU IN COUNCIL BLUFFS... P Quoup 5 ànniul meeting rmy 16,1988 Scottish Links golf couuse - council Bluffs Join Your Fellow Bankers in a Round of Golf, an informative Business M eeting and a Special Evening a t BLUFFS RUN DOG TRACK! Group 5—Council Bluffs Group 5 of the Iowa Bankers As sociation will meet Monday, May 16, at the Scot tish Links Golf Course in Coun cil Bluffs. Mich ael Guttau, pres ident and chair man of the Treynor State Bank, will preside at th e b u sin ess meeting which M. GUTTAU begins at 4:00. Reports, comments and an Iowa Bankers Association update will be provided by State Superintendent of Banking Ed Tubbs and IBA E x ecutive Vice President Neil Milner. Registration opens at 9:30 a.m., and tee-time for golf is slated for 10:00. A shotgun start is planned at the Scottish Links Golf Course. Of special interest will be the social hour and dinner to be held at Bluffs Run Dog Track. A.M. 10:00 P.M. 4:00 Golf. Business m eetingMichael Guttau presiding. GROUP 2 ANNUAL HEFTING Hay 17, 1955 * Starlitc Village Hotel ^ Fort Dodge i .f * if * 9:00 —G olf at Lakeside —G olf Course 4:00 —Annual Meeting 5:30 —Social Hour 6:30 —Banquet 8:00 —Program "Stateline Celebration" https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6:00 7:00 8:00 Reports from Ed Tubbs, Clair Lensing and Neil Milner. Social hour—Bluffs Run. Prime Rib Dinner. Evening of racing at Bluffs Run. Group 2— Fort Dodge Bankers from Group 2 will gather Tuesday, May 17, at the Starlite Village Motel in Fort Dodge for th e ir annu al group meeting. Presiding over th is y e a r ’s meeting will be Joe Hutchinson, president, Iowa State Bank, Algona. Golf will j. HUTCHINS0N be available at the Lakeside Golf Course and teetimes are slated between 9:00 and 11:00 a.m. The annual meeting will begin at 4:00 p.m. and include remarks by Iowa Superintendent of Banking Ed Tubbs, IBA President Clair Lensing, president, Farmers State Bank, Marion, and IBA E x ecutive Vice President Neil Milner. Special entertainment this year will be provided by “ Stateline Cele bration.’’ This barbershop quartet will provide their brand of harmony with a touch of humor. P.M. 3:00 Registration. 4:00 Business meeting. 5:30 Social hour. 6:30 Banquet—smorgasbord in cluding prime rib and shrimp. 8:00 E v e n in g p ro g ra m —E d Tubbs. Clair Lensing. Enter tainment—“ Stateline Cel ebration.’’ G R O U P 12 M e e t in g ° A ---Village West On West Lake Okoboji ^•>***‘ * .............. --------- **" May 18 Group 12—Okoboji Group 3—Clear Lake Area bankers from Group 12 will meet at Village West on West Lake for their annual m eeting W ed nesday, May 18. James L. Cuttell, president, G eorge S ta te Bank, will pre side over the meeting. Inclu ded in the pro gram are State J. CUTTELL Superintendent of Banking Edward Tubbs; IBA President Clair Lensing, president, Farmers State Bank, Marion, and IBA Executive Vice President Neil Milner. Special guest speaker this year will be John Chrystal, who will share an “ Inside View on Russia.” Arrangements for golf can be made by calling the Okoboji View Golf Course at 712-337-3372. The Clear Lake Surf Convention and Civic Center will be the m eeting place for area bankers from Group 3 on Thursday, May 19. William Herb re ch tsm e y e r, president, First Security Bank & Trust, Charles City, will preside over the annual W. HERBRECHTSMEYER m eetin g . R e ports will be heard from IBA E x ecutive Vice President Neil Milner, Vice President John Sorensen and Senior Vice President Wes Ehrecke. IBA President Clair Lensing will speak during the evening program. Music this year will be provided by “New Review.” For golf arrangements, call either the Mason City Country Club at 515-424-2173 or the All Vets Golf Club in Clear Lake at 515-357-4457. P.M. 2:00 4:00 Guest Speaker 4:00 5:30 6:00 Registration opens. Business meeting—James L. Cuttell presiding. Spouse program — style show. Social hour—poolside. Banquet—Clair Lensing. Speaker—John Chrystal. P.M. 2:30 3:30 5:30 6:30 Registration. Business Meeting. Social hour—cash bar. Banquet—Remarks by Clair Lensing. Dancing to music by “New Review.” GROUP 3 ANNUAL MEETING John Chrystal "Inside V iew on Russia" Golf Available at Okoboji View Golf Course Call 712-337-3372 May 19 Surf Convention & Civic Center Clear Lake, Iowa M Featuring 2:00 - Registration 4:00 - Business Meeting - Spouse Program 5:30 - Social Hour 6:30 - Banquet https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis * O. Ja y Tomson, Pres. -Elect, IBAA * Clair Lensing, IBA President * E d Tubbs, Superintendent o f Banking * Special M usic Entertainm ent “New R eview ” ^ 0 # # FirsTier Correspondent Services More of what it takes to serve you well. F irs T ie r B an ks Lincoln • Omaha FirsTier Bank, N.A., Lincoln and FirsTier Bank, N.A., Omaha, Members FDIC “Bill” Esping, who has moved out of state, and John C. Kenefick, who has retired from Union Pacific Rail road. Minnesota News The Minnesota Bankers Associ ation has moved to a new address: 700 Peavey Building, 730 Second Avenue South, Minneapolis, MN 55402. Their phone number remains (612) 338-7851. DOES YOUR BANK NEED AN INVESTMENT CENTER? Your benefits: • New high net worth customers • Added profit • Reduced deposit loss to competitors • Ability to offer complete financial services For information contact : INVESTMENT 1-800-544-7113 First Dakota Building P.O. Box 2796 Bismarck, ND 58502 or P.O. Box 65697 West Des Moines, IA 50265 OWATONNA: Timothy M. McManimon has been promoted to senior vice president/business bank vice president in the account uque’s asset size from $36 to $45 ing at Norwest Bank Owatonna. He analysis division. million. Completion is expected by joined the bank in 1983 and most the end of the summer. recently served as vice president. EAST DUBUQUE: E ast Dubuque Colorado News Savings Bank and Chicago-based Illinois News Citicorp Savings of Illinois have DENVER: The FDIC has approved CHICAGO: Colonial Bankshares signed an agreement on the acquisi the transfer of insured deposits and Corporation has announced several tion by the East Dubuque Savings fully secured or preferred deposits of recent promotions. Joanne K. Bank of Citicorp’s E ast Dubuque M etropolitan Industrial Bank, Topham has been named senior vice branch. Terms were not disclosed. Denver, to Resources Industrial president and cashier at Colonial The branch will operate under the Bank, Denver. No bids were re Bank. She previously served as vice name East Dubuque Savings Bank ceived for the $13.2 million-asset president and cashier. Sandra M. once the sale is final, and Citicorp’s failed bank, which was closed on IWrtjak has been advanced to vice three local branch employees will April 15. Administration of the president and manager of loan stay with that bank. Manager of the transferred insured deposits will be operations at the bank. She has been branch will be Linda Nelson, assis funded by an equivalent cash pay with Colonial for nine years and was tant vice president, who has been ment from the FDIC. The acquiring formerly assistant vice president. with the bank since 1974. The ac bank will purchase certain assets of Promoted to vice presidents of the quisition will increase E ast Dub the failed bank for $9.9 million. corporation are Barbara A. Kilian and Richard C. Slehofer. Ms. Kilian 'Professional assistance in hiring will retain her title as tax manager, and career advancement" which position she has held for two years. Mr. Slehofer will retain his ti tle of controller, which he also has held for two years. quality service by experienced professionals CHICAGO: The Exchange National Bank has announced recent promo tions. Named first vice presidents 525 Merle Hay Tower Jean Eden Sandi Garner were Richard Bennett and Catherine 515 276-1151 515 832-1258 Dès Moines, Iowa 50310 Cahill, business development and Tues / Wed / Fri 515-276-1151 commercial real estate lending. Confidential. Fees Paid by Employer. Patricia Tennant was advanced to BANKING CAREERS - - A fter m ore than 120 years of providing correspondent banking services to the M idw est, you can say we’ve had a chance to polish our trade. Find out for yourself. Count on Com m erce. 1-800-892-7100 1-800-821-2182 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis (Outside Missouri) lu t Commerce Bank o f Kansas City P O S IT IO N S A V A ILA BLE SERVING THE UPPER MIDWEST COMPTROLLER/CFO. $70MM progressive, profitable IL bank in county seat & small college town creating new position. Needs a take-charge, analytical, people-oriented person who understands overall operations, is experi enced In A.L. mgmt & aspires to become part of mgmt team. Salary commensurate w ith experience. Send resume to File No. WND c/o Northwestern Banker. (PA) HIRING! Government job s—your area. $15,000-$68,000. Call (602) 838-8885. Ext. 9397.______________________ (PA) COMMERCIAL LOAN OFFICER—$120mm SE South Dakota com munity bank. If you have had 2-3 yrs. of train ing and exp. In com ’l lending and would like the oppy. to grow w ith a top-rated bank in a great area, contact Jim Ahrendt or send resume to 1st Dakota Natl. Bank, P.O. Box 156, Yankton, SD 57078, (605) 665-7432.______________(PA) CEO needed for a clean & profitable $12MM bank located in S.W. WIs. Must have strong ag background & operations exp. Looking for proven leader. Salary commensurate with exp. Contact File No. WNF c/o Northwestern Banker. (PA) R eg en cy RECRUITERS, INC. Diane Evans 1102 Grand Avenue, Kansas City, MO 64106 816/842-3860 MGMT. or SR. LEVEL. Well-rounded, over 15 yrs. exp. in ad m inistration & all phases of lending. Prefer IA, KS, MO, or NE. Contact File No. WNG c/o Northwestern Banker. (PW) REGIONAL TRUST OFFICER— Multi-bank holding com pany needs seasoned trust o fficer to handle all trust work for several area banks. Need good marketing skills and management ability.............................................. To $40,0004 LOAN ORIGINATOR— Newly created position for e™ perienced commercial lender wanting the challenge and opportunity to use marketing skills for career advance ment.................................................. $35,000 + commission. Financial Careers, Inc. RYAN AUCTION CO., INC. Decorah, Iowa 52101 Farm Equipm ent S pecialist A ppraisals & A uctions Call Dale Ryan 319-382-8648 Two Ruan Center/Suite 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. POSITIONS AVAILABLE POSITION WANTED CEO accustomed to hectic pace in larger Iowa bank. Loan workout expertise, excellent marketing results, advanced banking schools, strong people and business develop ment skills. Contact File No. WLD c/o Northwestern Banker. (PW) POSITIONS AVAILABLE COMMERCIAL LENDER— Banking professional w ith for mal credit training and experience in a large commercial department.............................................................To $50,000. Executive Search For Bankers V.P. LENDING - Mortgage & consumer exp. E. Nebraska. To$35K Mark A. Abbey (515) 243-7576 CORRESPONDENT BANKER - 4-5 yrs. exp., Lin coln, Nebraska. To$35K Job Finders, Inc. CONTROLLER - 5 + yrs. exp. - bank in Central Il linois. To$50K 2708 Grand Avenue Des Moines, Iowa 50312 Professionals Serving Banking Richard L. Beem, CPC GUMBERT EXECUTIVE EXCHANGE 11246 Davenport Street Omaha, NE 68154 Phone: 402/330-3260 FO R SA L E POSITIONS AVAILABLE WESTERN BANK— Montana commercial bank, FDIC, $19 mill, assets, profitable. Price 1.5 times book value. Colo rado commercial bank, FDIC, $23 mill, assets, profitable. Price 1.65 times book value. Principals contact File WNE c/o Northwestern Banker. (FS) BANK FOR SALE—First State Bank, Ida Grove, Iowa. Located In county seat town w ith total assets of approxi mately $16 million. Interested buyers should contact: Donald E. Holder, Holder and Associates, 405 Main, Ames, IA 50010, 515-232-0814.____________________________(FS) 20 Burroughs TT102 TELLER TERMINALS. All terminals In working condition and are currently under contract. Make offer—contact Ron W lnquest at First National Bank of York, York, Neb. (402) 362-7411. (FS) Serving bankers quietly and efficiently. CAPITAL PERSONNEL SERVICE 815 Office Park Rd., Suite 6 West Des Moines, Iowa 50265 515-226-0510 <^dfo[dsX a n d <zdhiocLatzi. Specializing in the Purchasing and Sale of Banks * 515-232-0814 405 Main Ames, Iowa 50010 Donald E. Holder, Principal POSITIONS AVAILABLE #2 PERSON Commty bank seeks 4 + year ag banker who can move in to #1 spot. Must have strong cashflows and operations bkgd. Excellent S.D. location. $30K. CREDIT ANALYST Metro area bank looking for exp. credit analyst for holding co. position. Great career direction, unlim ited potential. Make your break Into com m ’l lending. $25K. COMM’L LENDER Are you a 2 + year commercial lender looking for a chance to move ahead? $80M bank in strong III. commty seeks proven performer. $32K. FOR FURTHER INFORMATION CONTACT KURT ROSENCRANTS ROBERT UflLF of w w n.w c. 317 6th Ave, Ste. 650 Des Moines, IA 50309 ( 515) 244-4414 ALL FEES COMPANY PAID EXDN-'SScHOOLER In AND- ASSOCIATES "Successful Banking is Quality Personnel" POSITIONS AVAILABLE PRESIDENT, $60mm outstate, 10,000 population, strong marketer .................... $60,000 + incentive PRESIDENT $30mm ag bank, strong leader and a d m in is tra to r................................................$50,000. PRESIDENT, $10mm ag bank, total ag background ........................................................................ $35,000. PRESIDENT, $80mm, commercial and consumer, top t o w n ...................................................$75,000 + . PRESIDENT, $30mm, growth situation, one-rated, no ag ........................................................$50-60,000. PRESIDENT, $75mm, this is a top s itu a tio n .......... ........................................................................ $75,000. AG LENDER, primarily real estate oriented, 5,000 population ....................................................$30,000. AG LENDER, strong real estate background, warm c lim a te ................................................$30,000. LOAN ORIGINATOR, Great location ___ $25,000. CASH MANAGEMENT, has handled billion plus positions ......................................................$80,000. CONTROLLER, $60mm bank, A/L management, strategic planning ..................................... $35,000. DON W. SCHOOLER 2508 East Meadow Springfield, Missouri 65804 (417) 882-2265 VP/COM’L LENDER—Are you ready to make a move? A progressive bank 1 hr from Mpls has an immediate open ing for an am bitious com ’l lender w ith 3 + yrs exp. Must have bus. development ability and strong analytical skills. A g re a to p ty ! To$45K. Job#NW3197 COM’L/AG LENDER—Are you tired of living in a small com m ’ty? Med. sized bk. in major ND city seeks energetic com’l lender. Ideal candidate w ill have 3 + yrs. com ’l or a lending exp. (from a $30 + mm bank) and strong technics: skills. A super career pathing opty! Job #NW3198 AG LOAN OFFICER— Does responsibility appeal to you? So. MN bank seeks motivated ag lender w ith a strong dairy bkgd. Must have FmHA and 2 + yrs ag lending exp. A great chance to advance your career! To$25K. Job#NW3199. CALL PAUL GENTZKOW OR SUE KEITHAHN ROBERT HALF OFI— MOU», MC. 3636 IDS Center Minneapolis, MN 55402 (612) 339-9001 ALL FEES COMPANY PAID P O S IT IO N S A V A IL A B L E TRUST MARKETING - large urban bank. Requires degree and trust experience. $35K REAL ESTATE LOAN • single fam ily residential and secon dary market experience required. Proximity of major metro area. $40K LOAN REVIEW • large bank experienced required. Both junior and senior level positions available. $28-$40K COMMERCIAL LENDING - V.P. positions In urban and large suburban banks. Personal portfolios from $20MM to $50MM. $40K BRANCH MANAGER - handle small business and con sumer credits. Med-size com m unity affilia te of multibank holding company. $24K Additional listings for commercial lending and trust officers. Resume’ requested. TOM H AGAN & A S S O C IA T E S P.O. Box 12346/2024 Swift North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry Since 1970" Vol. 17 No. 3 Northwestern Banker Newsletter (USPS 873-300)Ms 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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