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0 Vol. 11 No. 5 Des Moines, Iowa M ay 24,1982 spending are necessary. We believe that such savings are possible with out damaging either the defense or social fabric which keep this nation strong. “ For a budget to be credible, there must be clear evidence that the Congress and the Administra tion are willing to make hard choices on expenditures, and taxes, if neces sary. If spending limits are not suffi cient to produce the needed reduc tions in the deficit, we believe that any new taxes should be on con sumption rather than savings. We oppose abandonment of the enacted tax cuts, but believe that there should be flexibility in delaying im plementation of the 1983 tax cuts if necessary.” □ A B A A d Seeks Budget Compromise B 0 0 0 0 0 0 0 AN KERS nationwide are seeking grassroots support for a bi partisan and credible budget com promise with an advertisement run in local newspapers. The advertise ment, depicting Uncle Sam in trouble, urges citizens to join bankers in urging Congress and the White House to put partisan politics aside and adopt a budget that will put America on the road to economic recovery. Developed by the American Bank ers Association’s Communications Council, the camera-ready adver tisement is designed for bankers to place in their local newspapers with the bank’s sponsorship, rather than A B A ’s. The Communications Coun cil prepared the advertisement at the suggestion of the more than 400 bankers who attended the recent A B A Banking Leadership Confer ence. Advertising materials are avail able free of charge through state bankers associations and the ABA. A B A President Lew Jenkins told President Reagan that a prolonged budget deadlock guarantees contin ued high interest rates and will prevent a sustained economic recovery. “ In past times of urgent national need,’ ’ he wrote the President, “ our leaders have come together for the good of the American people. These are clearly times of such need. “ The economy is simply too fra gile today to be able to withstand continued uncertainty regarding fu ture budget deficits. For us to play politics at such a time courts eco nomic disaster. “ It is the position of the Amer ican Bankers Association, arrived at through a consensus of its members, that any deficit reduction plan should produce a significant down ward trend in the ratio of govern ment spending to gross national pro duct. To achieve this, limits on the rate o f growth projected for both en titlements spending and defense Nebraska Bank Forms Cash Management Fund ORM ATION of a national fran chise to be known as Indepen dent Community Bank Franchise, Inc. has been announced by Ray mond G. Tiedje, president of the Bank of Norfolk, Norfolk, Nebr. Through microcomputers and tele phone modem switching each fran chise bank will immediately be able to provide cash management Money Market Funds as well as a method of buying, selling and trading secur ities and precious metals for cus tomers. “ A s a result of deregulation F ASK DALE FROEHLICH to make M N B work for you. Toll free: 1-800-332-5991 fe i IS https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Merchants National Bank i ii M e m b e r F.D.I.C. A B A N K S O F IO W A ’ B A N K 2 Teamwork: One of the reasons we’re I/^il7A first in Iowa. K M -. n e s M o in e s Gaiy McClimen M^ M m NATIONAL BANK Member FD ic within the financial industry, com munity banks throughout the coun try must provide these expanded products and services to compete. ICBF gives the community bank that expanded ability,” said Mr. Tiedje. The cash management program was developed by the Bank of Nor folk and has been sold to ICBF. The cash management program is known as Money Market Checking and of fers the bank franchise a superior product to halt and reverse the flow of funds from conventional depos itory institutions to Money Market Funds offered by non-bank institu tions. Bank of Norfolk will be the pilot bank. Mr. Tiedje will serve as president of ICBF, with Kevin Olson as man aging officer. Mr. Olson is currently sales director of Bank of Norfolk. Roger Beverage, currently executive vice president of the Nebraska Bankers Association, will join ICBF as secretary and legal counsel. Mr. Beverage has announced his resig nation from N BA to return to pri vate practice in Bertrand, Nebr. At present, ICBF will operate in the Bank of Norfolk building. Jim Herbolsheimer, senior vice president at Bank of Norfolk will serve as vice president. A similar franchise concept was recently announced by a large bank "Opportunity Knocks..." rkon T rusts Savings Dank Thé^èohk of Opportunity ^'•BsClack PlozQ. Dubuque. Iowa I t ê e ll 319-582-1841, COLLECT https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis loan department. He will also serve on the executive management com mittee of the bank. Mr. Queen pre viously was employed for eight years by Omaha National Bank in the commerical loan department. M ANILLA: Controlling interest in the Manilla State Bank has been Bemie Kersey sold by W.E. Petersen and his fami ly of Harlan to Harris Hess of Coon Rapids. Elected as new directors An Affiliate of Northwest Bancorporation were: Harris Hess, chairman, Lynk Call (515) 245-3131 or toll-free (800) 362-2514 T. Hess and Wesley L. Thomas, of in California but ICBF is believed to Coon Rapids; Gerald Marso of Scran be the first bank franchisor in full ton, and Frederick Dolezal of Caroperation. Negotiations are current roll. Remaining as officers at the ly pending with national and region bank are: Gary L. Woods, president; al marketing firms to encourage Walter W. Stege, senior vice presi dent, and Betty L. Boyens, cashier. community banks to join. Formal in Mr. Woods, Mr. Stege and Boyd B. stallations will be controlled by Merrick will remain as directors. ICBF. A more detailed story will appear MT. AYR: Robert P. Azelton has in the July N o r t h w e s t e r n B a n k e r . been elected president of Tingley □ State Savings Bank, which head quarters in Mt. Ayr and has an of Iowa News The Central Iowa Chapter of fice in Tingley. Mr. Azelton has Bank Administration Institute re moved from St. Joseph, Mo., where cently elected new officers for he was assistant vice president of 1982-83. The officer slate includes: both First National Bank and its af President Robert O. Grathwohl, filiate, First Stock Yards Bank. Information submitted for the president, University Bank & Trust, Ames; Vice President Timothy J. 1982 Iowa Bank Directory inadver Byrnes, cashier, Union State Bank, tently omitted the move of the Winterset; Treasurer Roger Under Tingley State Savings Bank to Mt. wood, vice president, Guthrie Coun Ayr, where Mr. Azelton makes his ty State Bank, Guthrie Center, and office. The Mt. A yr phone number is Secretary Dorothy Coffey, assistant 515-464-2293. cashier and accounting officer, Jas SIOUX CITY: The First National per County Savings Bank, Newton. Bank opens for business in its new ALLISON: The proposed acquisi building at 5th and Pierce Streets tion of State Bank of Allison by today, May 24. A ribbon cutting cer Hawkeye Bancorporation was an emony was set for 8:45 a.m. Richard nounced by Paul Dunlap, president C. Taylor, president, said “ The mov of Hawkeye, Des Moines, and Lyle ing process actually began on May E. Meyer, executive vice president 17 with non-customer operations be of State Bank. Terms of the acquisi ing moved during the week.” Addi tion, which will be an exchange for tionally, Mr. Taylor announced that common stock of Hawkeye, were not disclosed. The sale is subject to ap proval by the Fed. The State Bank is in the county seat of Butler County, home of some of Iowa’s finest farm land and a diversified ag economy. State Bank, with assets of more than $22 million, has enjoyed a re turn on assets the past two years ex ceeding 2%. Hawkeye has $1.5 bil lion assets. It recently acquired Hawkeye Bank & Trust in Hum boldt and Ankeny National. State UNITED Bank of Allison will be the 31st af CENTRAL filiate when the acquisition is comp leted. RANK COUNCIL BLUFFS: First National OF DES MOINES. N A ■ M EM BER FDIC ■ (515) 245-7111 AFFILIATED W ITH UNITED CENTRAL BANCSHARES. INC. Bank of Council Bluffs recently TOLL FREE NUMBER elected John E. Queen as vice presi ( 800) 362-1615 dent and head of the commercial Don't gam ble when choosing o correspondent bank. Com e to the professionals. Supplement to Northwestern Banker Newsletter 5-24-82 Carleton D. Beh Com pany Investment Bankers / Financial Consultants 1300 Des Moines Building / Oes Moines, Iowa 50309 515/288-2152 NEW ISSU E M OODY’S: Aaa We own and offer subject to prior sale and subject to our attorney’s approving opinion: $ 13, 600,000 DAVENPORT, IOWA General Obligation Corporate Bonds, Series 1982 Dated: June 1,1982 Denomination: $5,000 Both principal and semiannual interest (June 1 and December 1; first coupon due December 1,1982) payable at the office of the City Treasurer, Davenport, Iowa. IN TH E O PIN IO N O F C O U N S E L IN T E R EST ON T H E S E B O N D S IS EXE M P T FRO M A LL P R E SE N T F E D E R A L IN C O M E TAXES. M ATU RITIES $600,000 $600,000 600,000 600,000 800,000 800,000 $800,000 $800,000 $800,000 11.10% June 1, 1984 111/4% June 1, 1985 June 1, 1986 June 1, 1987 June 1, 1988 June 1, 1989 11.00% June 1, 1990 9.90% June 1, 1991 11.10% June 1, 1992 10.30% $1,000,000 June 1,1993 10.50% $1,000,000 June 1,1994 10.60% $1,250,000 June 1,1995 10.80% $1,250,000 June 1,1996 10.90% $1,350,000 June 1,1997 8 1/4% $1,350,000 June 1,1998 8.00 8.30 8.60 8.85 9.10 9.35 9.60 9.85 10.10* 10.30* 10.50* 10.65* 10.80* 10.90* 11.00* Optional in inverse order beginning June 1,1992 at the following redemption prices, plus accrued interest to the redemption date: June 1, 1992, or December 1,1992 (102%); June 1,1993, or December 1,1993 (101.5%); June 1,1994, or December 1,1994 (101%); June 1,1995, or December 1, 1995 (100.5%); and June 1, 1996 or thereafter (100%). LEG ALITY TO B E A P P R O V E D BY BELIN, H ARRIS, H E L M IC K & H EARTN EY, A T T O R N EY S D E S M O IN ES, IOW A The City of Davenport, the principal city of eastern Iowa and the county seat of Scott County, is located on the Iowa bank of the Mississippi River midway between Chicago and Des Moines. Davenport is the 3rd largest city in Iowa, and is the major city of the “Guad City Metropolitan Area” which includes Scott, Rock Island and Henry Counties in both Iowa and Illinois. The major communities, apart from Davenport, include Bettendorf, Iowa and Rock Island, Moline and East Moline, Illinois. Davenport has a population of 103,264 and ranks high as a retail and business center. Davenport has a municipal airport servicing private, commuter and corporate air craft traffic with commercial air serviced by the Ouad-City airport. Major employers in Davenport include: Caterpillar Tractor Co. (parts for earth-moving equipment); Bendix Corporation (flight instruments and aerospace life support equipment); Oscar Mayer & Company, Inc. (meat packers) and Ralston Purina Company (feed & hot cereals). Davenport is served by four banks with deposits over $604,483,570 and three savings and loan associations with deposits ex ceeding $449,510,853. These bonds are being issued to provide a portion of the funds necessary to construct various improvements in the City including construc tion of streets and sewers, construction of a Civic Activity Center and construction of an inner-City swimming pool. F IN A N C IA L ST A T E M E N T Taxable Valuation, 1982 Estimated Actual Valuation, 1982 Net Direct Debt, including this issue Net Direct Overlapping & Underlying Debt Population: 103,264 Direct debt per capita: $275.22 Total debt per capital: $387.76 $1,696,081,820.00 2,225,492,088.00 28,420,000.00 40,041,260.00 The inform ation con ta ine d herein is not guaranteed, but is derived from s o u rc e s w e deem reliable and is that on w hich our p u rc h ase of the se b o n d s is based. B o n d s of a particular m aturity m ay or m ay not still be available or m ay now be available at a price or yield different from that indicated above. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Division of Hutton & Company Inc. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Supplement to Northwestern Banker Newsletter 5-24-82 Help Stamp Out Director Liability Risk With These Board-Related Manuals C O R P O R A T E E T H IC S ... What Every Director Should Know. $23.00 Society is demanding more disclosure from all businesses, including banking. Thus, bankers literally are forced to re-exam ine policies on types of information that can be disclosed publicly. The board's disclosure policy can be a major factor in the public's judgment of a bank. The fact that a bank is willing to discuss . . . or make public . .. any of its actions will encourage high stan dards of conduct by the bank staff. This manual (over 200 pages) will help directors probe "g re y " areas of business conduct so that directors can establish written codes for their own bank. Q U A N T IT Y P R IC E S 2 - 5 copies — $21.00 ea. 6 - 1 0 copies — $19.50 ea. B O A R D P O L IC Y O N R IS K M A N A G E M EN T . $17.50 This 160-page manual provides the vital information a board needs to formulate a system to recog nize insurable and uninsurable risks and evaluate and provide for them. In cluded are an insurance guideline and checklists to identify and protect direc tors against various risks. Bonus fea ture: A model board policy of risk management adaptable to the unique situations at any bank. Every member of your bank's board should have a copy! Q U A N T IT Y P R IC E S 2 - 5 copies — $15.50 ea. 6 - 10 copies — $14.50 ea. T H E E F F E C T IV E B O A R D A U D IT . $19.00 This 184-page manual provides comprehensive information about the directors' audit function. It outlines board participation, selection of an audit committee and the magnitude of the audit. It provides guidelines for an audit committee, deals with social re sponsibility and gives insights on en gaging an outside auditor. It includes checklists for social responsibilities audits, audit engagement letters and bank audits. No director can afford to be without a copy! Q U A N T IT Y P R IC E S 2 - 5 copies — $17.00 ea. 6 - 1 0 copies — $16.00 ea. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ft e E ffe ctlM B o ard Audit Conflicts of Interest What Bvtoty ìifremr SkmtM ftnw Ab&xt CORPORATE ETHICS BANK BOARD LOANPOLICY 3 ~~ $17.50 THE B A N K B O A R D A N D LO AN P O LIC Y . $12.00 (Fourth Edition) Recently off the press! This revised and expanded manual enables directors to be a step ahead of bank regulators by providing current loan and credit poli cies of numerous well-managed banks. These policies, adaptable to any bank situation, can aid your bank in estab lishing broad guidelines for lending officers. Bonus feature: Loan policy of one of the nation's major banks, loaded with ideas for your bank! Remember: A written loan policy can protect direc tors from lawsuits arising from failure to establish sound lending policies! Order enough copies for all your direc tors! Q U A N T IT Y P R IC E S 2 - 5 copies — $10.00 ea. 6 - 10 copies — $9.50 ea. $12 C O N F L IC T S O F IN T E R E S T . $12.00 (Third Edition) Conflicts of Interests presents everything directors and offi cers should know about the problem of "conflicts." It gives examiners'views of directors' business relationships with the bank, examines ethical pitfalls in volving conflicts and details positive actions for reducing the potential for conflicts. Also included is the Comp troller's ruling on statements of busi ness interests and sample conflict-ofinterest policies in use by other banks which can be adapted by your board. Q U A N T IT Y P R IC E S 2 - 5 copies — $10.00 ea. 6 -1 0 copies — $9.50 ea. THE B A N K B O A R D L E T T E R ® 408 Olive St., St. Louis, M O 63102 . . . . . copies, Board Policy on Risk Management .. f||. copies, The Effective Board Audit .. . 1. copies, Bank Board & Loan Policy .. . fc. copies, Conflict of Interest .. . copies, Corporate Ethics Total Enclosed I $ .......... $ .......... $ .......... slSSHS $ .......... $ .......... N a m e ......................................... B a n k . . . . T . ., Street m.City, State, Zip (Please send check with order. In Missouri, add 4.6% tax.) m m U 1 ■B8K This Four-Volume I MARKETING LIBRARY Ho» » & CONDUCT U M # Regular Price ^ Xnuiveisanes, » $50.00 ïotmal Opening. NOW ONLY 95 Open Houses* ,««««* ■ ■Si Bi |j how to . PIAI röR G R N lU CONDUCT ftA I n c e n t iv e S CACnPA'ON How to Plan, Organize and Conduct an Incentive Campaign . . . Mid-Continent Banker's newest how-to-do-it manual; a complete guide to procedure in evolving an effective in centive campaign to sell bank services and/or increase bank deposits; 96 pages, 16 illustrations; starts by telling you premium terms and the history of incentives, roams through such topics as trade area studies, tying in with cur rent events, getting new business from old customers, moti vating staff members and concluding with a series of six case histories of actual bank promotions that obtained ex ceptional results. Regular Price: $13.00 H H Profit-Building Ideas for Bank Christmas Promotions. This is N O T a Christmas Club book, although O N E chapter is devoted to Christmas savings promotion plans. Other chap ters: selling various bank services during the Holidays: using lobby decorations most effectively; helping children at Christmas; remembering employees in Christmas planning; using the "good will season" to build bank good will; get ting the most benefits from Holiday publicity; planning for the Holidays from mid-summer to New Year's. In 80 pages are packed tested Holiday ideas used by banks, big and small, from coast to coast. Regular Price: $9.00 How to Plan, Organize & Conduct Bank Anniversaries. .. The complete guide to procedure when holding a formal opening, an open house, any kind of bank celebration; 166 pages, many illustrations; 12 chapters starting with "First Things First," ranging through "A d d a Little Pizazz and Oom-pah," concluding with " Expect the Unexpected"; eight appendices containing actual plans, budgets, programs used by banks in actual celebrations; a completely factual, step-by-step how-to-do-it book now in its second printing. M O N E Y B A C K G U A R A N T E E — If not com pletely satisfied, return w ithin 10 days fo r full refund. M ID - C O N T IN E N T B A N K E R 408 Olive, St. Louis, Mo. 63102 Please send us books checked: copies, Bank Celebration Book @ $20.00 ea. copies, Bank Publicity Book @ $8.00 ea. Regular Price: $20.00 copies, Planning an Incentive Cam paign @ $13.00 ea. How to Write Bank Publicity and Get It Published.. . The complete guide to procedure in writing publicity releases and how to prepare them so that newspaper and magazine editors will use them; 61 pages; 12 chapters with titles such as " Constructing the News Story," "Placing the News Story," "Handling 'Stick y' Situations," "Dealing with News Media"; another completely factual, step-by-step how-todo-it manual. S E N D A L L F O U R B O O K S A T T H E LO W P R IC E O F $34.95 copies, Profit-Building Ideas for Xmas @ $9.00 ea. Regular Price: $8.00 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis [ ] Check en closed........................................................... N am e............................ .. T it le .................................... B a n k ............................................... ................................... Street................................................................................... City, State, Z i p ........................................ ............................ (C h e c k sh o u ld a c c o m p a n y order. W e pay postage and handling. I M is s o u ri b a n k s please include 4 . 6 % sales tax.) C A L L O N T H E “P E R F O R M A N C E T E A M 199 where com m on transactions are handled uncomm only well. ■ FIRST NATIONAL LINCOLN 13th & M Street • Lincoln, Nebraska 68501 • Member, F.D.I.C. # # # # # # ^ ™ # 0 First National Bank will hold its public grand opening the weekend of June 26 and 27. IN TERN ATION AL FALLS: Inter national State Bank recently elected Thomas E. Welle president, effec tive May 17. Mr. Welle previously Nebraska News was executive vice president of Cit Helen Adams of Gateway Bank izens State Bank, Brainerd. Both has been elected president of the banks are affiliates of the Otto Lincoln Chapter of the American In Bremer Company. He started at the stitute of Banking, Inc. for the Brainerd Bank as controller in 1975. 1982-83 year. She succeeds Karen JANESVILLE: Joe Finley, presi Kleman of National Bank of Com dent of Janesville State Bank, re merce after completing the last half cently announced the promotion of of Karen’s term. Stan Maly of First Jim Anderson to vice president and National Bank will remain as past loan officer. Mr. Anderson has been president and advisor. with the bank since 1976. Other officers elected to the Lin coln Chapter are Ava Beeman of M ILACA-OGILVIE: Tom Kolb has First National Bank, first vice presi been elected senior vice president of dent; Craig Champion of National Citizens State Bank. He will be in Bank of Commerce, second vice charge of insurance for both facil president; Velda Watson of Union ities. The bank in Ogilvie has served Bank, secretary, and Tom Lintel of the community for several years. National Bank of Commerce, trea The Milaca bank, currently under construction, is operating out of a surer. trailer until completion of the new Minnesota News facility. DETROIT LAKES: Ray Marr has been promoted from senior vice pres ident to executive vice president at the First National Bank of Detroit Lakes. He is now second in com mand at the bank and is in charge of loans and general operations. DULUTH: Thomas E. Kelleher has been appointed vice president of Pio neer National Bank of Duluth. He will be working with businesses and individuals to improve their in vestments and financial positions. H AYFIELD : Robert Draeger has been elected vice president of Citi zens State Bank of Hayfield. He joined the bank staff in April of this year and has served most recently as president of Northwestern State Bank of Silver Bay. whose family owns stock in 20 Illi nois banks in eight counties, will be president of the newly-formed Mid west Bancorp, headquartered here. He is vice chairman of the $220 million-asset Union National Bank & Trust Co. of Joliet. The 20 banks have $1.2 billion assets. Application for the merger has been filed with the Fed. It is reportedly the largest number of banks ever merging at one time, and is being accomplished under the Illinois law enacted last year and recently upheld by the Ill inois Supreme Court. STERLING: Richard L. Metz re cently joined the staff of Central Na tional Bank of Sterling as first vice president, with responsibility in loan administration. He most re cently served as executive vice presi dent of the First Bank of Marietta, Ohio. South Dakota News M INNEAPOLIS: IN D EX recently announced the completion of its new offices at 100 Washington Square in Minneapolis (at the end of Mar quette Avenue on Washington). An open house is scheduled today, May 24, between the hours of 4:00 and 8:00 p.m. SIOUX FALLS: United National Bank’s board of directors recently announced that Jim Laird has joined the staff as senior vice presi dent. He has worked the last 14 years as a correspondent banker for Northwestern National Bank of Minneapolis and most recently for Citicorp. Illinois News North Dakota News The Illinois Bankers Association MINOT: James J. (Joe) Vihstadt has a new address; 205 W. Ran has been elected president of Amer dolph, Chicago. Their phone number ican Bank and Trust Co. of Minot. will remain the same: 312-984-1500. He succeds Orin Baertsch, who is CHICAGO: Lincoln National Bank taking early retirement. He has been recently announced the election of serving as president since January, Larry Slonina as vice president, 1980. Mr. Vihstadt previously was commercial loans. He formerly was serving as president of Farmers and Merchants State Bank of Breckan assistant vice president. enridge, Minn., a position he has JOLIET: James F. Oberwortmann, held since 1978. , SPRENGER ROWLAND AND Getting MESSINA it done for you. Bill Sprenger ^ im 234-2625 Frampton Rowland 234-2485 John Messina 234-2486 Commerce B ank of Kansas aty A https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis M E M B E R FD IC Telephone (816) 234-2000 * Montana News POSITION AVAILABLE BOZEM AN: The Western Bank of Bozeman recently announced the promotion of Paul Brodt and Greg Liebsch as vice presidents and Mike McGlynn, Karen Wheat and Andi Dimarco as assistant vice presi dents. The bank also observed its 11th anniversary last month. If you have two or more years of ag lending experience and want to move up, we have a select number of positions open in the midwest. A degree from Iowa State University or other agoriented university will be a definite plus. Write or call Malcolm Freeland, Freeland Financial Service, Inc., 246 Insurance E xch ange Bldg., D e s M oines, Iowa 50309. Phon e 515/ 282-6462. Employer pays fee. (PA) AG LENDERS WANTED Im m ediate o p e n in g in a $12 m illion b a nk for a C O M M E R C IA L L O A N O F F IC E R . Expe rie n ce in other le nding a re as helpful. C ontact M a n a g in g Officer, First S e curity Bank, B o x 730, Malta, M T 59538. Ph o n e 406/654-2221. (PA) A G R I O F F IC E R — Im m ediate opening. E xpe rienced agri loan officer to head dept, in $25 m illion bank. Locate d in resort area. Excellent benefits. S u b m it re sum e and sala ry requirem ents to First N ational B a n k Pine City, M N 55063. ________________________________________________(PA) $160 m illion ba nk in northeast Iow a looking for an ex perienced op e ra tion s person. T w o ye a rs or m ore ba nking e xperience in ba nk op e ra tio n s required. C o lle g e degree in b u s in e s s preferred. S a la ry and benefits com m e nsurate with qualifications. Excellent opportunity for grow th and advancem ent. All replies confidential. W rite file Q B D , c/o Northw estern Banker. (PA) When it comes to agriculture, banking and p e rsonne l. . . go to the specialists — go to AGRIcareers, Inc. P rogressive bankers pay us to find the people they need. Corr. O ff.................................IA . $17,000 Leas. R e p s ..................... M N . $20-25,000 A g Lend. O ff................... W l . $16-20,000 A g Lend. O ffs. (2)............... IA . $17-20,000 Loan O ff ./Ins.......................... IA . $18,000 Cred. A n a l............................... IL . $20,000 Ask the ag banking specialists what’s available without cost or obligation. N E W H A M P T O N . IA 50659 M A S S E N A . IA 50853 I (515).394-3145 (712! 779-3744 aqn c a r eer s , THE ORIGINAL AGRICULTURAL INC/ S E C O N D M A N — $9 m illion bank. R e sort area in northern M in ne sota . W rite file Q B F , c/o N orthw estern Banker. (PA) E xperien ced IN S T A L L M E N T L O A N M A N A G E R — for south central N e b ra sk a $25 m illion bank. A ls o additional re sp o n sibility in agricultural and com m e rcial lending. S e n d s a l ary requirem ents with resum e. W rite file Q B E , c/o North w estern Banker. (PA) C E O P O S IT IO N available for $75 m illion m idw estern bank in rural com m unity. S e n d resum e and sa la ry history to file Q B G , c/o Northw estern Banker. (PA) POSITION WANTED 17 Year community banker, a ge 42, extensive experience in all areas, graduate of b a n k in g s c h o o ls d e sire s 2nd m an or c a sh ie r position. W rite File P B M , c/o Northw estern Banker. (PW) SE R V IN G P RO F ESSIO N A LLY Banking, Financial & Business Personnel, Iowa and Nationwide Capital Personnel Service 714U.C.B. Building, 515-283-2545 Des Moines, Iowa 50309 W ould you trust your m oney with a sloppily dressed teller? Perhaps your customers feel the same way. W e can change that for only $ 1 .0 0 per teller per day. CAREER APPAREL M O D U L A R O F F IC E D IV ID E R . F a b ric p a n e ls with oak; 1 4 ' x 9 ' (A llow s for doorway). C o n s is t s of: 1 credenza, 1 d e sk unit, w ork surface, sto ra g e cabinet, 1 executive sw ivel ch air and 2 sid e chairs. C ontact G ary Burke, State Bank, W averly, IA 50677. Ph o n e (319) 352-4556. (FS) 523 N. Main S t„ Carroll, Ia„ 51401 712-792-2748 | W hy Call On A Professional? F a ce d with an unprecedented de m and for talent and innovative executives, co m m unity b a n k s are in c re a sin g ly turning to Freeland F in a n c ia l S e r vice, Inc. for a s s is ta n c e in attracting the m ost pro m isin g ca n d id a te s to fill their positions. Rem em ber, the best ind ivid ua ls are u su a lly cu r rently em p loyed and not lo o k in g to m ake a change; therefore, con ve n tional in-house re cruiting m e th od s are often ineffective, overlook ing the m ost qualified cand idate s. Tim e is m oney! Effective internal executive re cruiting is c o stly w hen you c o n sid e r advertising, re sum e review and scre e ning, prelim inary inter view contact, traveling co sts, interview ing c a n didates, a nd reference follow-up. C ontact o u r perform ance-oriented organization today to meet your p ro fe ssio n a l and technical em ploym ent needs. Freeland Financial Service, Inc. M O D U L A R B A N K U N IT S — 1 4 ' x 3 6 ' a nd 1 4 ' x 66'. Fully equipped with alarm, cam era, night depository, drive-up w ind ow and furniture. R e a d y for delivery. C ontact F in a n cial Products, Inc., B o x 1035, Eau Claire, W l 54701. P hon e 715/835-8160.______________________ (F SorL ) Phone 515/282-6462 246 Insurance Exchange Building Des Moines, Iowa 50309 Employer pays reasonable fee POSITIONS AVAILABLE O P E R A T IO N S / L E N D IN G - $ 3 5 M M rural b a n k n e e d s opera tio n s officer with so m e A g le nding experience. $25,000 C O M M E R C IA L L O A N - need 2 - 3 yrs. com m ercial lending experience and go o d b u s in e s s developm ent skills. S u b u r ban bank. $28,000 A G R I-L O A N - $ 3 5 M M b a n k with 7 0 % of portfolio in A g ri credits. S h o u ld be stro n g in a n a ly s is and docum entation. $25,000 T R U S T O F F IC E R • prefer ge ne ralist with 1 - 2 yrs. ba nking and go o d probate experience - #2 p osition in gro w in g dept. $ 22,000 S E N I O R C O M M E R C IA L L O A N - handle majority of port folio for $ 2 5 0 M M urban bank. Future a dvancem ent p o s s i ble. $45,000 J U N IO R O P E R A T IO N S - sm a ll rural ba nk in nice co m m u n i ty. Prefer degree and so m e b a n k in g experience. $14,000 S E C O N D O F F IC E R - A g-oriented $ 1 5 M M bank. H a ndle da y to da y o p e ra tions in ow ne r’s a bse nce. C o m m u n ity involve ment a must. $30,000 F or inform ation on th e se and a dditional listin g s, toward r e su m e ' a nd sa la ry requirem ents. TOM H AGAN & ASSOCIATES of Kansas City B o x 12346 - 2024 Sw ift North K a n s a s City, M O 64116 816/474-6874 “S e rv in g the B a n k in g Industry S in c e 1970” Vol. 11 No. 5 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, $15.00 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
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