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Vol. 15 No. 6 Des Moines, Iowa May 26,1986 Bankers See Farm Econom y at Bottom AN Y Upper Midwest bankers think the farm economy is ap p roa ch in g the bottom, accord ing to a recent survey taken by Norwest Corpo ration, Minnea polis. Two-thirds of the more than 800 bankers re sponding to the DR. SOHN survey said they do not expect further deterioration in the farm economy. The regional economic survey is taken twice a year by Norwest economists and brings responses from bankers in Minnesota, North and South Da kota, Iowa, Nebraska, Montana and Wisconsin. Results of the survey were released May 15 in Economic Indicators, a bi-monthly publication of the Norwest economics depart ment. According to Dr. Sung Won Sohn, chief economist for Norwest Corpo ration, 60 percent of the bankers an ticipate little change in overall eco nomic conditions during the next six to 12 months, and another seven percent anticipate improvement. One-third o f the bankers expect fur ther deterioration. Dr. Sohn said this is a more posi M tive appraisal than was given in a Norwest survey taken last fall and represents the first upturn in the ag bankers’ confidence since October, 1983, when the PIK program boosted crop prices. They point to the positive impact on farm earnings of lower costs of fuel, fertilizer, cash rent and inter est. Bankers also indicated that farmers who carry little or no debt are making a comfortable living and reported that investors and financially-sound farmers are showing more interest in buying farm land. “ The most positive responses in the agricultural sector came from bankers in Wisconsin, where strong dairy producers are still turning a profit, and from eastern North Da kota, where the area is aided by pro fitable sugar prices and the presence of other specialty crops,” Dr. Sohn said. Optimism also was expressed by bankers in the Twin Cities and in northeastern Minnesota. The survey indicates that bankers in Minneapo lis and St. Paul anticipate relatively healthy economic conditions to con tinue. Bankers in northeastern Min nesota, as well as northwestern Wis consin, think the local economy has b o tto m e d ou t and an ticip ate im proving econom ic conditions. Lower gasoline prices are expected to spur tourism. In the Twin Cities, bankers rated local economic conditions “ good to very good” and are optimistic about the prospects for the balance of the year, Dr. Sohn said. Nearly twothirds of the Twin Cities’ bankers expect overall conditions to remain near current levels, while the re mainder anticipates a pick-up in both consumer and business spend ing, resulting in a stronger economy. Twin Cities employment is cur rently 10 percent higher than the peak reached before the 1981-82 re cession, a stronger performance than the national average. Accord ing to Dr. Sohn, the fastest growing sectors in the metro area include construction, transportation, retail trade, finance, insurance and real estate. He said that, although the computer industry has been in a temporary slump, a recovery is anti cipated in the near future. “ Introduction of new products, a weaker dollar and completion of the inventory correction all point to stronger computer sales,” Dr. Sohn said. Economic conditions also remain relatively healthy in most other ur ban centers throughout the region, including St. Cloud, Rochester, Sioux Falls, Fargo, Omaha and Des Moines, the economist said. □ RISMILLER, KEMPER AND SPRENGER David Rismiller Jonathan Kemper Bill Sprenger Chairman President Vice President O utside M issouri call 1-800-821-2182 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis In M issouri call 1-800-892-7100 Commerce Bank o f Kansas City Member FDIC " Hk H Norwest Bank Des Moines, N.A. mmmuu mmmma mai am NORMEST BANKS Call (515) 245-3131 or toll-free (800) 362-2514 Member FDIC Teamwork: one of the reasons we’re first in Iowa. John Rigler Mark Conway 120 Years in Banking heading up the bank, which he did The Okey Vernon First National until the merger with the Corning in Bank of Corning, Iowa boasts a rari stitution. Today both are actively serving ty in banking: two employees who their respective banks as consul have served banking for 60 years. Thelma Heitsman began her tants. They can testify to the pro banking career in 1926 at Citizens g re s s iv e ch a n ges in b an k in g State Bank in New Sharon. She has through the years, as electronics been associated with Corning bank have replaced hand-operated machi ing since 1950. She has served Okey nery, and look forward to more pro Vernon First National as cashier, gress as they continue to serve Okey vice president, board member and Vernon First National Bank. The two were honored with spe secretary to the board. Brad Outhier also started in bank cial open houses on May 12 in Com ing in 1926 under his father, Francis ing and Prescott. A. Outhier, at the First National Bank of Prescott, which became a Iowa News branch of the Corning bank. In 1946 the elder Mr. Outhier’ s failing ALB I A: Harold L. Mick, local Albia health caused Brad to take over businessman, and Catherine M. Bay of rural Monroe County, have ap plied to regulatory authorities to charter a new bank in Albia which will be known as the Peoples State Bank. They were successful bidders on equipment, facilities and fixtures of the former Peoples National Bank and Trust Co. at Eddyville, upon which action approval was contin gent. The new bank is being formed to fill the void resulting from the closing of the previous Albia bank on Feb. 1, 1986. Garland C. Carver will be the initial chairman, presi dent and CEO of the bank. He was with the Iowa—Des Moines Na tional Bank (now Norwest Bank of Des Moines, N.A.) for over 26 years. Since 1981 he has been a financial ASK JERRY TRUDO to make MNB work for you. Merchants National Bank 151 A BANKS OF IOWA' BANK https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis DES MOINES: James W. Eiler has been elected executive vice presi dent of First Interstate Bank of Des Moines, N.A. He previously served as senior vice president and is re sponsible for the bank’s commercial services division as well as the credit review function for loan participa tion within the First Interstate sys tem in Iowa. He joined First Inter state in 1983. DES MOINES: The Iowa Bankers Association recently hired Frank Gleeson as the new president for Iowa Bankers Insurance and Ser vices, Inc. He replaces A1 Tinder, who will retire Sept. 1. Mr. Gleeson came to IBIS from Hawkeye Securi ty Insurance Company where he was president, CEO and director. He had been with Hawkeye since 1953. His duties with IB IS will include policy decisions and directing the in surance and non-insurance activities of the agency. LEIGHTON: The name o f the presi dent o f Farmers Savings Bank is in correctly shown in the 1986 Iowa Bank Directory as J. Gordon Frueh through a typographical error. Mr. Frueh’ s name should appear as J. Gerald Frueh. Users o f the Direc tory should note this change. INDIANOLA: Robert Davey, a vice president at Peoples Trust and Sav ings Bank, has been named business development officer, and will be lo cated at the West Roads office in Indianola. He has been employed by Peoples Bank since 1967, in the ag loan department. Beverly Nicholls has been named marketing assistant at the bank. She has been at Peoples Bank since 1963, most recently as motor bank manager. Succeeding her in that position is Marilyn Perry. We’re Security for You Toll free 1- 800- 332-5991 Member F.D.I.C. consultant. A permanent president is being sought. At Security National Bank, w e’re people you can count on to handle all o f your Correspondent Banking needs. So, start corresponding with us. W e’re Security for you! W ilm a W eeks Correspondent Services Officer 712-277-6769 SECURITY N ATIO N AL B A N K IN SIOUX CITY, IOWA. MKMBKR F.D.I.C. Engineering highperformance portfolios. Since the 1920s United Missouri Bank has been advising banks on the management of their bond portfolios. These timely recommendations have a history of sound logic and a positive contribution to bank earnings. Whether short- or long-term, we expect the strategies we recommend to be successful. Why? Because we continually update ourselves about the economy, the market and changes in the banking industry. So for quality recommendations that are engineered for high performance, contact our Investment Banking Division. Call (816) 556-7200 today. hi UNTIED MISSOURI BANK ..... of Kansas C ity o a . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis P.O. Box 226 Kansas City, Missouri 64114 Supplement to Northwestern Banker Newsletter 5-26-86 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis J-1 AG LENDER—Currently handles majority of ag loans in $50mm major holding co. bank. Strong on workouts, servicing problem loans. Over 6 yrs. experience. Insurance licenses. Reference says, “ A big key to his success is his ability to organize and set priorities...a hard worker who keeps at it til project is completed,” and, “ Very mature, excellent appearance.” B.S. Ag, ISU. $30,000. Call Jean. J-2 CONSUMER/AG/COMMERCIAL LENDER-Three yrs. in $50 + mm bank; handles ag, consumer, R.E. and some commercial loans. FmHA approved lender, licensed in insurance. Presents himself very professionally, exhibits maturity, self-confidence, and intelli gence. References report, “ Has gained a wealth of experience in short time, and eager to learn more...a sharp young banker with lots of potential.” FmHA official states, "Caught on quickly to what we needed on guaranteed loans. One of the best I’ve worked with.” B.A. Finance. $23*$25,000. Call Jean. J-3 C0MMERCIAL/AG LENDER—Offers 4 yrs. current lending experi ence, plus top recommendations! Presently responsible for $35mm commercial loans to ag businesses, handling credit lines of $50,000 to $3mm. Experienced in financial analysis, cash flows, loan documentation and workouts. Former PCA loan of ficer, strong micro computer skills, farm background, B.S. Bus. Admin, (high GPA). “ Enthusiastic, energetic, cooperative young man! Strong in both ag production and ag business lending. His personality is useful in building rapport with borrowers. A very promotable individual!” $25*828,000. Call Jean. J-4 SR. LOAN OFFICER—Past 7 yrs. as V.P. and sr. lender in charge of $40mm ag portfolio. Six yrs. previous PCA experience. Says reference, “ Displays utmost integrity and professionalism. Able to deal with borrowers in very difficult situations, and mastered the complex legal and business problems.” B.S. Ag Econ. $40,000. Call Jean. J-5 SENIOR MANAGEMENT/AG—Six yrs. experience in charge of up to $500mm in ag credits. Now administering a $180mm ag portfolio servicing two commercial banking units. Provides techni cal expertise to lenders and credit dept, on all aspects of ag and ag businesses. Skilled in staff supervision and development, credit analysis, loan assessment and strategic planning. Highly educated. $40,000 min. Call Jean. S-6 AG LOAN OFFICER—Oversees $6 MM in ag, consumer and commercial loans. “ Works with FmHA guarantees, very person able and easy to get along with. I would rehire him,” says refer ence. $18-$22,000. Call Sandi. S-7 AG LOAN OFFICER—Two years short and long term lending, cash flows, risk appraisals. “ Strong in credit, handles people very well. We want to keep him,” says employer. $24*$27,000. Call Sandi. S-8 AG LENDER—Three years all areas of lending plus insurance. “ Good in cash flows, analysis and financial statements. I would recommend him to be hired,” reports reference. B.S. Ag Busi ness. $22-$25,000. Call Sandi. S-9 LOAN OFFICER—Two years ag, consumer and real estate lend ing. “ Spends more hours than required...knows credit. I would rehire him,” says reference. B.S. Ag Finance. $25*$27,000. Call Sandi. S-10 CEO—References are tops on this CEO of 40MM rural bank. Former bank examiner. “ He has high standards, is a good credit man arid his customers want to keep him,” says reference. B.S. Finance. $45-$55,000. Call Sandi. J-11 AG/C0NSUMER LOAN OFFICER—The right combination: 1 yr. banking experience, 2 yrs. with FmHA. Currently ag loan officer in small bank, & handles few consumer loans. Also interested in operations and insurance areas. Very successful with FmHA gua ranteed loans, strong computer experience on main frame and micros. ISU grad plus several AIB courses. IA farm background, actively involved in community. $23,000. Call Jean. J-12 VICE PRESIDENT—Nearly 10 yrs. banking experience, cur rently in charge of $5mm ag and commercial loans. Also involved in operations and insurance. Set up farm loans on computer. Handles workouts and all FmHA guarantees. Supervisory experi ence also. Bus. Admin, plus additional banking schools. $33* $35,000. Call Jean. J-13 BRANCH MGR/L0AN OFFICER—Seasoned banker offers all round experience in ag, consumer, and main street commercial lending, operations, staff management and knowledge of invest ments. Twenty yrs. experience, dapper appearance, personable and highly recommended. $25,000. Call Jean. Our reputation of maintaining our candidates’ confidentiality enables us to at tract a select group of ag bankers and lenders... those currently employed and not actively Job hunting, but ready to make a move for the right opportunity. When you describe your needs to us, we contact our candidates who fit your de scription to discuss the position and location to ascertain their interest before disclosing their names or sending you their resumes. This not only protects our candidates identity, but saves you time...when we sub mit a candidate for your consideration, you’ll know he or she has an interest in your bank, community and salary range. JEAN EDEN 712/779-3744 (M/T/TH) 515/263-9598 (W/F) Hwy. 92 W. Massena, IA 50853 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Let us know your needs without commitment; we won’t ‘hound’ you with phone calls or ‘flood’ you with resumes, and there is no fee unless you hire. We serve as the source to locate candidates who meet your qualifications and are interested in your position. We are available to assist, not ‘insist.’ We allow and encourage your direct contact with our candidates. YOU make the choice and decision without pressure. Supplement to Northwestern Banker Newsletter 5-26-86 SANDI GARNER 515/394-5827 Hwy. 63 S. New Hampton, IA 50659 BANKERS AVAILABLE S-14 COMMERCIAL LOAN OFFICER—‘‘Handles commercial loans well. Helped run the bank. Very personable. Strong at credit analysis,” says reference. Mid-$30s. Call Sandi. S-15 AG LOAN OFFICER—12 yrs. Farm Credit Service. “ Very ca pable. Presents self well. Easy to work with. Motivated. Good fol low-up,” reports reference. B.S. Ag Econ. $30-535,000. Call Sandi. S-16 SENIOR CREDIT OFFICER—Over five years with PCA. Supv. four loan officers. “ Top notch at credit analysis. Lots of drive. Communicates well, good looking...excellent attitude,” says reference. B.S. Ag $34-$37,000. Call Sandi. S-17 FORMER BANK EXAMINER—Exp. as chief loan officer and managing rural bank. “ His strong point is his credit analysis. Learns easily and gets along with others,” says ref. BS Finance. $30*$35,000. Call Sandi. S-18 SENIOR LOAN OFFICER—14 years ag credit with same em ployer. “ Thorough, detailed, persistent. Self-starter. Problem solver,” reports ref. $32-$34,000. Call Sandi. S-19 LOAN OFFICER—Skilled making both commercial and ag loans. “ He turned things around in this bank,” says ref. B.S. Bus. $33-$35,000. Call Sandi. J-2 COMMERCIAL/CONSUMER LENDER—In charge of approximately $5mm loans; consumer, commercial, and real estate. Four yrs. bank experience. Involved in audits, some compliance. Refer ences say, “ Started in teller and operations area. Thorough, good documentation and time management skills, and keeps past dues to a minimum. Very popular and personable; the type to attract new business. Ambitious. Deserves opportunity to ad vance.” Education includes ISU plus several AIB courses. S23-$25,000. Call Jean. J-5 AG LOAN OFFICER—An impressive young man with useful ex perience gained from his past three yrs. with FmHA. References say, “ Top work habits...a real producer with lots of drive. Intense; really gets into high gear on farm loans. Above average intelli gence, personality, and appearance. Good farm background, energetic and results oriented.” Strong micro computer experi ence. Masters degree Ag Econ. $22,000 min. Call Jean. J-9 V.P./SR. LENDER—“ Extremely good at working through ag problems,” was one reference comment about this seasoned young banker. Began his ag lending career ten years ago with FmHA, then moved to PCA as branch manager. Has been with this $90mm bank for past 4 years, now in charge of nearly $20mm in ag loans and supervision of 3 officers. Another refer ence stated, “ He’ll be hard to replace if he leaves...has dramati cally reduced problem loans, and his style keeps customers friendly and willing to work with us. Has the right personality and image for banking...A good man!” B.S. Ag. $36-$38,000. Call Jean. POSITIONS AVAILABLE Continuous demand for banking professionals. Our CONFIDENTIAL service allows you to explore career opportunities in banking without risk to your current position. No contacts are made without your prior knowledge and consent. All fees paid by employers. 1 . VP/AG—$50mm IA bank in sizeable town with good schools, golf, swimming, etc. NOT a prob lem bank; good opportunity. Requires 5 yrs. ag lending experience, degree preferred. Salary to $35,000. 2. #2 PERSON—needed in rural IA bank, near metro area. Highly rated bank, good chance for future advancement. Requires 3-5 yrs. ag lend ing and loan analysis skills. $25-$35,000. 3. AG LOAN OFFICER—$20mm N. central IA area. #3 loan officer. Do cash flows, credit analysis, FmHA guarantees. Requires 1-3 yrs. ag lending experience, degree and knowledge of micro computers helpful. $20-$25,000. 4. AGLOANOFFICER—#2 in ag dept, of $50mm in dependent bank. Large town, attractive IA loca tion. Share ag lending responsibilities, including farm visits and must be able to run cash flows on computer. Two yrs. ag lending experience needed. Offers excellent benefits, including pro fit sharing and 3 wks. vacation. $25,000. 5 COMMERCIAL LOAN OFFICER-Large metro IA bank. Requires sales-type personality for new business development. 1-3 yrs. lending experi ence needed. $25,000 + full benefits. SI 50mm bank, large college town. Handle S8mm diversified commercial loans. 3-5 yrs. commercial loan experience, ability to handle $150-$200,000 lines of credit. Owner says, "We pay to keep good officers!” $25-$35,000. 8 CONSUMER LOAN OFFICER—Excellent career advancement opportunity with reputable hold ing company in $50mm bank, good condition, great IA location. Will spend majority of time in consumer loans initially, and work into commer cial and ag later. Requires 2-3 yrs. bank experi ence, 4 yr. degree. Must be a prominent and professional individual $20-$25,000. 9. AG LOAN OFFICER—$40mm bank, small hold ing company, VERY clean! E. IA area, 10 mi. from metro. Will be #2 in small ag dept. Keep on top of loans to avoid problems, process FmHA apps, make farm calls, etc. 2-5 yrs. ag lending experience needed, from bank, Farm Credit System or FmHA. Good advancement potential, full benefits. $25-$30,000. 10. AGCREDIT REVIEWERS (4 )-M a jor financial in stitution, metro location. Will evaluate loans and credit administration, prepare reports, etc. Strong ag credit and analysis experience, oral and written communication skills required. $35,000. 6 VP/AG SPECIALIST—$40mm bank, MN resort town of 5000. Highly rated independent bank, future opportunity to advance to 2nd in charge. Requires strong ag lending skills, micro compu ter experience, ability to handle work-out situa tions if necessary. Will be in charge of $5-$8mm ag portfolio. $35,000 range. 11. AG LOAN OFFICER—$80mm IA bank, lovely community. Will do cash flows, FmHA guaran tees, some workouts. Requires 3-5 yrs. bank or PCA experience. Must be an outgoing, selfmotivated individual. $25-$30,000. 7 12 LENDING/0PERATI0NS OFFICER—$25mm inde pendent bank, good condition, S. MN resort COMMERCIAL LENDER/ASST. CASHIER- 712/779-3744 Hwy. 92 W., Massena, Iowa 50853 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis aqri oirœrs, inc. town. Excellent career opportunity for experi enced ag lender with well-rounded banking background. Some investment knowledge help ful. $30,000 range. 13 CONSUMER LOAN 0FFICER-$35mm top rated independent bank, within commuting distance of major city in MN. Requires 3 yrs. lending ex perience. $20-$2S,000. 14. VP/AG LENDER—$40mm bank, NE county seat town. Share #3 spot. Excellent condition and earnings. Main responsibilities in ag dept; requires 5-10 yrs. ag lending experience, good technical skills. Individual must be promotable; management potential within this system. $ 33- $30,000. 15. COMMERCIAL LENDER—Oversee commercial and installment loans in $20mm small holding co. bank. Clean bank, good future advance ment. Metro ND location. Requires 3-8 yrs. ex perience. $24-$32,000. 16 SR. LOAN OFFICER—$25mm bank, good con dition, located in ND county seat town with pool, golf course, and good school system. Will be in charge of $8mm loans. $25,000 + . 17. AG LOAN OFFICERS (2)—N.W. IL. Potential for management. Large, progressive town. $25- $30,000. 18 C0NSUMER/REAL ESTATE LOAN OFFICERLarge bank in beautiful Mississippi River town of 8000. Will make loans, handle collections, some work with small commercial loans also. Bank in good shape. Requires 3-5 yrs. experience, good communication skills. $25,000. 515/394-3145 Hwy. 63 S., New H am pton, Iowa 50659 Call on the “Experienced Professionals” Ready to meet your correspondent needs. Nebraska News The National Association o f Bank Women, Mid Plains Group, will hold their May meeting at the Omaha Country Club, Omaha, on June 3 at 5:30 p.m. Guest speakers will be Carol Hunter and Tim Rouse from The Futures Group discussing “ Women and Men: Colleagues and Leaders for an Achieving Society.” For reservations call Diane Long at 221-5555. COZAD: G.S. Wittenberger, execu tive vice president of First Bank & Trust Co., has announced his retire ment. He has been with the bank since 1966. Jeffrey J. Konen has been named as his successor. Mr. Konen previously served the bank as a vice president. ELK CREEK: Kenneth L. Bartels was recently promoted to vice presi dent at the Johnson County Bank, Tecumseh office. He had been with the former Johnson County Bank for 32 years, and served in many ca pacities including vice president and cashier. ^FirsTierB ank Lincoln 13th & M Streets, Lincoln, Nebraska 68501 ROSEVILLE: The Roseville Bank has promoted Robert L. Grasley to vice president of the data processing department. He joined the bank in February, 1985. ST. CLOUD: First Bank Alexandria has elected Anthony C. Schneiderhan as chairman and Lowell C. Peterson as president and CEO. Mr. Scheiderhan, who had served as president and CEO since 1976, pre viously served at First Bank Ro chester, First Bank Virginia and First Bank Sauk Center. Mr. Peter son comes to the bank from First Bank Minnesota, where he was vice president and senior credit officer since 1984. He has also served First Banks at Edina, Hopkins and Virgi nia. ST. PAUL: Bruce N. Davis has been appointed as a vice president in the commercial lending department at The Commercial State Bank. Mr. Davis was formerly with First Bank Systems. Illinois News Minnesota News M IN N EAPOLIS: Norwest Bank Minneapolis has promoted Lloyd W. Simms and John R. Slifer to assis tant vice presidents as part o f a move to intensify service to finan cial institutions. Mr. Slifer’s main responsibilities are with insurance, commercial finance, leasing, broker age and other large financial institu tions, while Mr. Simms specializes in serving other non-bank financial service companies and bank-holding companies. Mr. Simms joined Nor west in 1983 and Mr. Slifer, in 1981. NEW ULM: State Bank and Trust Company has appointed Gerald Fesenmaier as president. He previously served as a vice president of Com mercial State Bank in St. Paul and of First Brookdale State Bank, Brooklyn Center, and most recently was executive vice president o f St. Cloud National Bank Trust Com Digitized pany. for FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis NORTHBROOK: Stanley Bresler has joined the board o f directors of Cole-Taylor Financial Group. He is president and CEO of Bresler’s 33 Flavors, Inc., a nationwide franchi ser of ice cream stores. He is also vice president of Convenient Food Mart, Inc. and president of Bresler Realty Company. SOUTH HOLLAND: The South Holland Trust Savings Bank has elected Charles E. Waterman chair man and CEO. Mr. Waterman is the third generation in the family to hold this position at the bank. He will also serve as vice chairman and CEO of South Holland Bancorp., Inc., the bank’s parent company. He has been with the bank since 1971. His father, Carl T. Waterman, will remain as chairman o f the holding company. South Dakota News RAPID CITY: Jon Oien has been named trust officer for Norwest Firslier Bank, N.A., Lincoln, Member fdic Capital Management and Trust Company. He joined the bank in 1983 as a personal banker, trans ferred to the north branch in 1984, and in 1985 was promoted to perso nal banking officer. SIOUX FALLS: Marly s Donner and Diane Hovda have been elected per sonal banking officers at Western Bank—West. They have a combined total of 24 years of banking experi ence. Randy Jorgensen has been elected commercial credit officer at the bank. He joined Western Bank in 1984 following several years as a national bank examiner. Wisconsin News SH EBO Y G AN : First Interstate Corporation of Wisconsin has an nounced that its board of directors has approved a two for one stock split, which will be accomplished by a 100% stock dividend payable on June 10, 1986 to stockholders of re cord on May 30, 1986. The board also announced a cash dividend of $.27 per share payable on July 1 to shareholders of record on May 30. The dividend is payable on all shares held prior to the 100% stock dividend. Colorado News Central Bank’s continuing semi nar series “ Executive Strategies” will feature “ A View from Washing ton” by popular commentator and columnist George Will on June 17. The seminar will be held at the Radisson Hotel Denver. Registration is at 3:30 p.m. with the presentation from 4:30 to 6:00, followed by a cocktail reception for Mr. Will. DENVER: Colorado National Bank —Boulevard has promoted William R. Vasa to vice president, commer cial loans & loan review. He joined the bank in 1984 as credit analyst/ loan operations supervisor, and was subsequently promoted to loan oper ations officer and assistant vice president—credit analyst. LONGMONT: Robert P. McWhor- ter and L. Michael Finnegan have joined Colorado National Bank— Longmont. Mr. McWhorter comes from First Interstate Bank o f Alas ka and holds the position o f vice president and loan administrator. He has 27 years banking experience and was previously associated with First Interstate branches in Oregon. Mr. Finnegan, who is assistant vice president and commercial loan ad ministrator, comes from Commerce Bank o f Aurora. Previous associa tions have been with the United Banks o f Littleton and Fort Collins. POSITION AVAILABLE SENIOR LENDER Will be responsible for planning, organizing, and directing the banks overall lending operations. Applicant must have excellent track record. Send resume to File No. WFK c/o Northwestern Banker. D O N -rfc H O Q L E R Ir AND- m W J ASSOCIATES "Successful Banking is Quality Personnel" COMMERCIAL LENDERS Positions now available in three choice locations in Upper Midwest. Require minimum of 3 years experience and col lege degree. Salary to range from $35,000 to $60,000. POSITIONS AVAILABLE REAL ESTATE LENDER PRESIDENT, $5mm bank in a town of 5,000 close to a reputable co lle g e ...........................to $30,000 JUNIOR AGRICULTURE LENDER for a $70mm bank in a town over 20,000, 2 hrs. from metro, and excellent schools ................................ to $30,000 Multi-bank group seeks qualified real estate lender. Ability to package for sale to secondary market a plus. Salary Open depending on experience. ALL AROUND BANKER for a $40mm country bank. Lending and some operations required__ ................................................ $20,000 to $25,000 VICE PRESIDENT loan officer for a $50mm bank, extremely progressive area, heavy ag background required ............................................... to $40,000 Positions now available in three major banks in Nebraska, Iowa, and South Dakota. Law Degree preferred. Experi ence in personal trust and/or employee benefits a plus. Salary range to $35,000. PRESIDENT $15mm bank in a most desirable rec reational a re a ................................... $40,000 + + SENIOR VICE PRESIDENT $65mm bank, town over 10,000 ........................................... to $40,000 VICE PRESIDENT, COMMERCIAL lender requiring strong commercial technical skills, college town . ..................................................................$50,000 SENIOR VICE PRESIDENT over lending in an $80mm bank in an exceptionally fine small town close to metro area .................................... OPEN OPERATIONS OFFICER, $25mm bank with 2,000 acre lake ................................................... $25,000 DON W. SCHOOLER 2508 East Meadow Springfield, Missouri 65804 (417) 882-2265 OPERATIONS MANAGER Southwestern Minnesota. Ex perience in operations, installment lending and real es tate. $20M facility. Salary open. Send resume to File No. WFO c/o Northwestern Banker. (PA) $50M Eastern Iowa Bank has an opening for an individual with a minimum of two years experience in CONSUMER AND INSTALLMENT LENDING. Send resume and salary requirements to File No. WFP c/o Northwestern Banker. ____ (PA) TRUST OFFICERS BANK AUDIT CHIEF Major bank holding company seeks CPA with bank audit experience. Salary to $30,000. Freeland Financial Service 1010 Equitable Bldg. Des Moines, IA 50309 515/282-6462 Employer pays fee. Please contact Malcolm Freeland concerning these quali ty applicants or for other types of banking officers. ADAMS, INC. S p e cia list in Executive Search For Banks “ A ll Inquiries C o n fid e n tia l!” C ontact: JAY B. ADAMS Adam s, Inc. 10050 Regency C ircle Omaha, NE 68114 (402) 391-7325 POSITIONS AVAILABLE BANKING COM’L LENDER - Dept head $70m + bk. 7 + yrs bkg w/5m + com’l portfolio. $35K. AG LENDER - FHA/livestock ag bkgd/2 yrs bk lending. Quality bkw/1.5+ ROA. $22K. 5 VICE PRESIDENT. 7 + years lending, basically agri- § culture. Excellent opportunity. #3 person in the bank ; of $40mm. Rural community with fantastic golf course ................ $35,000 .....................Call Dean I COMMERCIAL LOAN OFFICER. Large holding company bank needs commercial lender with 3+ years experience to handle $15mm portfolio. Progressive career opportunity! ___To$30,000 ___ Call Dean TRUST INVESTMENT HEAD. Heavy experience in banking investments to manage this billion dollar department! Work with other executives in the com munity ................ $50,000+ ................. Call Dean s SENIOR VICE-PRESIDENT. Oversee all lending of what is primarily a commercial and real estate port folio. People supervision or administrative back s' ground. Community is known for its beauty. RetireSment p la n .................$50,000 ................. Call Bruce : ASSISTANT VICE-PRESIDENT OF COMMERCIAL . LOANS. Large bank holding company. 2 + years ex- s tensive commercial lending for this expanding mar- ; I* ketplace...............$33-38,000 ................Call Bruce ; COMMERCIAL LENDER. $200mm bank. You will i } work with businesses whose annual sales are at ! $20mm. Need a metro banker $35-40,000 Call Bruce ? #2 EXECUTIVE VICE-PRESIDENT. Your 3 + years of ; <dairy and ag lending could grab the #2 spot in this ' $45mm bank. New facility located in a progressive | community ............. To$30,000 ..............Call Marj j ; COMMERCIAL LOAN OFFICER. 2 + years commer- jj icial and real estate lending is your ticket! Great ; holding company bank is $120 + mm with excellent i upward mobility ......... To$30,000 .......... Call Marj { FARM MANAGER. Good farm operations experi- I • ence or knowledge could qualify you for this excel- s lent bank opportunity! Learn while you earn! ......... i ...................... To $22,000 ....................... Call Marj f Seeking a MANAGEMENT TRAINEE POSITION leading to a career in banking and investment field. Graduate of Mid land College, Fremont, NE., with BSBA degree, concentra tion in management. Two years experience as bank teller last two years of college. Available immediately for inter views. Good references. Bradford Cook Schiermeyer, 91 West 10th St., Fremont, Nebr. 68025 (402) 721-2213. (PW) 1126 S o. 72nd St. Om aha, N e. 68124 402-397-2980. R/E LENDER • Top-notch organization in AK recreational area seeks proven pro w/3 + yrs com’l, constr, & res R/E lending exp. $32-34K. PRES ■$35m + institution, strong capital base seeks CEO w/5+ yrs exp in similar or smaller bk. Near metro lo. $50K +. ALL FEES COMPANY PAID FOR SALE PART OF THE WORLD’S LARGEST BANKING SPECIALIST CONTACT KURT ROSENCRANTS AT (515) 244-4414 TEMP. BANK BLDG.—12 x 65 ft. trailer for sale, rent or lease available mid-June. Heat & AC, 2 teller windows, 1 drive-up window, 2 offices, computer room, 3 safes and all under-counter equip, night depository. Contact John Young, 1st United Bank, Bellevue, NE (402) 291-2000. (FS) 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 POSITIONS AVAILABLE COMMERCIAL LENDER Short-changing yourself? Large outstate Minnesota com munity bank needs Com’l Lender. 2 + yrs com’l lending exp & strong communication skills desired. Excellent benefits & great location! To $32,000 + Bonus. CONTROLLER/CASHIER You are needed now! #3 spot in bank! Progressive commu nity bank in South Dakota has opening for Controller. 2 + yrs exp in financial reporting, operations and computer modeling. $25,000 Flexible. AG DEPT. MANAGER No future in sight? $25m outstate Minnesota bank desires #3 person. 5 + yrs ag lending exp w/emphasis in cash flow analysis & FHA dealings. Great mgmt team! To $35,000. Call Paul Gentzkow (personnel S earch SR AG OFFICER - Clean bk w/good community seeks hardnosed lender w/take charge attitude. $30K. POSITIONS AVAILABLE LOAN REVIEW - lead bank of major mldwestern holding company. Requires degree and minimum of two yrs. loan review experience in large bank environment. $28K COMML. LOAN - $100M suburban affiliate of large multi bank holding company. Strong technical skills and 3 yrs. or more experience. $30K INSTL. LOAN • manage consumer department for $80MM suburban bank. Ideal candidate will have five yrs. instal. lending background including dealer paper. $30K CEO - small rural bank located close to recreational area. Work out situation. Ag credits not the problem. $38K AGRI LOAN - primary responsibility for all Ag credits in $25MM community bank. Assist with commercial loans. $35K Additional opportunities available. Resume requested. TOM HAGAN & ASSOCIATES 3636 IDS Center Minneapolis, MN 55402 (612) 339-9001 2024 Swift - Box 12346 North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry Since 1970” Vol. 15 No. 6 Northwestern Banker Newsletter (USPS 873-300) is published weekly by the Northwestern Banker Company, 1535 Linden Street, Suite 201, Des Moines, Iowa 50309, (515) 244-8163. Subscriptions $1.00 per copy, $18.00 per year. Second class postage paid at Des Moines, Iowa. Address all mall subscriptions, changes of address (Form 3579), manuscripts, mail items to above address. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis