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Vol. 11 No. 2 Des Moines, Iowa May 3,1982 May 5, Conway Civic Center, Water loo, and Group 4, M ay 6 , Five Flags Civic Center, Dubuque. Programs for the meetings appeared in the April 19 Weekly Newsletter. Programs for the second week o f meetings, M ay 17-20, appear in this issue. Court Asked to Rule Taxes Invalid HO ULD states be permitted to tax the interest earned on Trea sury securities? That question has been posed to the United States Supreme Court, which agreed last week to make a decision on the matter. The Tennessee Supreme Court overturned a trial court in that state by stating that the Tfennessee 3% tax on interest from feder al investments and from interest on investments in bonds o f other states. The banks pay the tax to local governments. Federal law, o f course, prohibits taxation o f Treasury securities. The case was initiated when Memphis Bank & TTust Co. paid $56,696 in 1977 and 1978, then filed a suit in state court to have the tax declared illegal. Memphis Bank said court cases in other states have conflicted and the imposition o f such tax could spread to more states as they try to d ig out o f th e ir own economic crunch. Such tax could affect the marketability of government securi ties and municipals. The U. S. Supreme Court report edly w ill hear the case in late 1982 or early 1983. In a related case, the American Bank and TTust Company o f Dallas, Tfex., is petitioning the U. S. Su preme Court to overturn the U. S. Court of Appeals for the Fifth Circuit and declare that Tfexas’ imposi S # • # ® ® ® ^ tion o f a bank shares tax to include the value o f U. S. obligations is invalid. A B A has asked the Su preme Court for permission to file as friend o f the court i f it hears the case. Several states impose a bank shares tax, and apparently U. S. Treasuries are included for such taxation. Montana went through this entire concept and that state’s bank shares tax was voided by the Montana Su preme Court because it included the value o f U. S. Treasuries held by the banks. A B A also has asked the U. S. Supreme Court to overrule the M in nesota Supreme Court, which ruled the state could examine First N a tional Bank o f Saint Paul to assure, it is reported, compliance with the state’s abandoned property laws. Both First National and A B A point to long-standing law that gives the Comptroller o f the Currency exclu sive authority to examine a national bank. D ALLAS CENTER: H e le n Rhinehart, 75, died A pril 27 o f can cer. She was a retired vice president o f Brenton Banks, Inc., and a former president of NABW. DES M OINES: Robert M. Young, Jr., has been promoted to senior vice president in the investment division at Bankers Trust Company and Donald D. Halsey has been pro moted to senior vice president in the commercial loan division. Herman C. Kilpper, president and chief ex ecutive officer, also announced the appointment o f Tim L. Kyndesen as correspondent banking officer. He has been with the bank since 1979. R ich ard W. D em psey has been appointed compliance and security officer. GOLDFIELD: R. Scott W hyte was elected president of the Goldfield The first week o f M ay group meet State Bank on A pril 13. He succeeds ings o f the Iowa Bankers Associa his uncle, John S. Whyte, Jr., who tion were to get underway today, became president in May, 1972, May 3, with Group 6 meeting in the when he replaced his brother, Robert afternoon and for dinner at the H y S. Whyte, who had passed away. perion Field Club. The other meet John Whyte w ill continue as chair ings this week are: Group 8 , M ay 4, man. Scott W hyte joined the bank in Highlander Inn, Iowa City; Group 7, 1971 and has been in charge o f Iowa News ASK STAN FARMER to make MNB work for you. Toll free: 1-800-332-5991 Merchants National Bank i§i M em b er F.D.I.C. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A BANKS OF IOW A' BANK Dorothea Wolfe Team w ork: O ne of the reasons we’re first in Iowa. Member FDic lending and investments and serv ing as trust officer. His father was Robert S. Whyte. W ILLIAM SBU RG : John R. Jones, who had been acting president o f Farmers Thist and Savings Bank since last August, was elected to that position recently by directors at the annual meeting A pril 17. He joined the bank six years ago and has been executive vice president and trust officer. Nebraska News The Nebraska Bankers Associa tion’s 85th annual convention starts Wednesday, M ay 5, with executive council and NE TS board meetings, then the regular convention pro gramming the following three days. Thursday morning w ill be devoted to ladies and men’s go lf and tennis tournam ents, w ith four special workshops being presented in the afternoon at headquarters hotel, Holiday Inn at 3321 So. 72nd St., ju s t o ff the 1-80 and 72nd St. interchange. The convention program w ill oc cupy all o f Friday and up to Satur day noon. Saturday afternoon is left open. There w ill be dinner and en tertainment Thursday, Friday and Saturday nights. One new speaker has been added to the Friday afternoon program. He is Charles A. Bruning, chairman of the A B A Community Bankers Divi- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis viously was executive vice president o f First Northwestern Bank o f M ar shall, where he started his career in 1966. Mr. Hennes has been with Banco since 1941, serving as presi dent at Redwood Falls since 1979. C y n d i W a t k in s W ire T ra n s fe r An Affiliate of Northwest Bancorporation Banco Call (5 1 5 ) 245-3131 or toll-free (8 0 0 ) 362-2514 sion and president, Edgewood Bank, Countryside, 111. The complete program was pre sented in the A pril N o r t h w e s t e r n ST. PAUL: A t American National Bank and Trust Company, Kenneth T. Neilson has joined the commercial banking group as vice president and manager o f the commercial loan de partment, and Paul J. Eckblad has joined the correspondent banking division as an assistant vice president. James G. Plewacki has been pro moted to assistant vice president of operations. # ^ ^ ^ North Dakota News • H ASTING S: Jerry P. Jensen has been elected vice president and man ager o f commercial loans by direc tors o f City National Bank and Trust Company. He was most recently a vice president in commercial lend ing at Commercial National Bank and Thist Co. in Grand Island. FARGO: David D. Gordon, president o f The Fargo National Bank and Thist Company, has announced the r e c e n t p r o m o tio n o f R o b e r ta Schuelke to branch manager. She joined the bank in 1975 after previ ous banking experience in Florida. m Minnesota News Illinois News 0 M AR SH A LL: John S. Lasher has been elected president and chief ex ecutive officer of First Northwestern National Bank, effective July 1. He succeeds John Suedbeck, who w ill remain with the bank as chairman. Mr. Lasher previously was a vice president in the Banco corporate office western banking division. He worked in Banco banks in South Dakota from 1955 until being elect ed president o f Northwestern State Bank o f Austin in 1977, then joined Banco corporate office in 1980. Mr. Suedbeck has been with Banco since 1946 and has been president at M ar shall since 1962. The reciprocal branch banking bill, HB 1071, was passed by the House com mittee o f the Illin o is State legislature on A pril 22 by a 10-4 vote. It must come up by M ay 23 in the House, since third reading on House Bills must be disposed of by that date. I f the House passes the bill, it would go to the Senate Rules Committee, which would determine i f there is an emergency nature to the bill. The committee reportedly has been very tight on releasing such bills this session, so the future o f HB 1072 is unknown. It would allow an out-of-state bank to estab lish a branch in Chicago, for exam ple, with Illinois banks being given the same option in the other bank’s city and state, i f reciprocity exists. Citicorp o f N ew York testified in favor. Continental Bank o f Chicago registered in favor but did not tes tify. A M B I registered a neutral position. Illinois Bankers Association testified against the bill, while Inde pendent Community Banks in Illi nois and the First National Bank of Chicago registered in opposition. The Illinois Supreme Court af firmed a lower court ruling which upholds the constitutionality o f the new state law permitting affiliation by banks through limited, regional multi-bank holding companies. B a n k e r . R E D W O O D F A L L S : D ouglas F. Bultman has been elected president o f the First Northwestern National Bank here, effective July 1. He suc ceeds Leon P. Hennes, who w ill re main as chairman. Mr. Bultman pre CHICAGO: Sears, Roebuck & Co. has announced plans to open finan cial service centers in eight stores in July. T h e y w ill be in A tla n ta , f 0 £ 0 0 0 0 W Supplement to Northwestern Banker Newsletter 5-3-82 Carleton D . Beh Company Investment Bankers / Financial Consultants 1300 Des Moines Building / Des Moines, Iowa 50309 5 1 5 /2 8 8 -2 15 2 • • AMOUNT MUNICIPALITY $ BRITT, IOWA General Obligation Street Improvement Warrants Interest: 6-1 and 12-1 80,000 MATURITY YIELD TAXABLE EQUIVALENT AT 46% 12-1-82 8.75% 16.20 $ 200,000 DENISON, IOWA Sewer Revenue Pledge Orders Interest: 6-1 and 12-1 9-1-82 9.25% 17.13 $ 160,000 GLENWOOD, IOWA Sewer Revenue Pledge Orders (HFA-EPA-DEQ Take Out) Interest: 6-1 and 12-1 12-1-83 9.25% 17.13 $ 180,000 HARLAN, IOWA Electric Revenue Pledge Orders Interest: 6-1 and 12-1 6-1-82 9.25% 17.13 $ KEOKUK, IOWA Water Revenue Pledge Orders Interest: 6-1 and 12-1 6-1-82 9.25% 17.13 $ 1,000,000 SPENCER, IOWA Electric Revenue Pledge Orders Interest: 4-1 and 10-1 4-1-83 9.25% 17.13 $ 150,000 TIPTON, IOWA Electric Revenue Pledge Orders Interest: 6-1 and 12-1 6-1-82 9.25% 17.13 60,000 IN THE OPINION OF COUNSEL INTEREST ON THESE PLEDGE ORDERS IS EXEMPT FROM ALL PRESENT FEDERAL INCOME TAXATION AND ALL PROPERTY TAXATION IN THE STATE OF IOWA. Pledge Orders are issued in accordance with the provisions of Chapter 384, Code of Iowa, 1981, as amended, to provide funds necessary for the construction of improvements to municipal utilities. In the opinion of counsel, Pledge Orders are subject to the first lien of outstanding debt, if any, and together with such outstanding debt are payable solely and only from the future net revenues of the respective municipal utilities. The in fo rm a tio n c o n ta in e d herein is not guaranteed, but is derived from sources we deem re lia b le and is th a t on w h ic h o u r purchase o f th e se bonds are based, B onds o f a p a rtic u la r m a tu rity m ay or m ay not s till be a v ailab le or m ay now be ava ila b le at a price or yie ld d iffe re n t fro m th a t in d ic a te d 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 Iow a G roup Meetings Continue Group 5 — Council Bluffs A ladies program w ill begin at 3:30 featuring Pat Anderson, a home economist, who w ill present "Color Me Beautiful.” Also Jeanne TVachta, human development specialist, w ill discuss non-verbal communication. The second round o f Iowa group meeting kicks off Monday, M ay 17 in Group 12 — Okoboji Council Bluffs. The times have been A mens go lf tournament w ill be reserved at Dodge Park from 9:00- held at Brooks G olf Course on May 10:00 a.m. and interested duffers 18 with tee-off times from 8:30-11:00 should contact Jim Johnson at State a.m. 18-hole handicaps must be sub mitted and you must be o ff the tee by Bank & Trust, Council Bluffs. 11:00 to qualify. P.M. 2:00 R e g is tr a tio n at Club 64, Council Bluffs 2:30 Cocktail reception courtesy of U.S. Check Book Company 3:30 Call to order, Gp. 5 Chairman Dave Walthall, pres., State Bank & Thist, Council Bluffs, p re s id in g . W elcom e from Council Bluffs Mayor Dave Christiansen. Reports from Tbm Dunlap, Pres., IB A, Tbm Huston, Su perintendent o f Banking and N eil Milner, exec, v.p., IB A. 5:30 Social Hour with cash bar. 6:30 Banquet followed by enter tainment from Abraham Lin coln High School Swing Choir. Door Prizes. P.M. 2:00 Registration: Lobby o f The Lodge at Okoboji 4:30 Business meeting beginning with a welcome from Gp. 12 Chairm an Ed Norland, sr. v.p., Iowa Thist & Savings Bank, Emmetsburg. Remarks from Tbm Dunlap, pres., IBA, Tbm Huston, Superintendent o f Banking and N eil Milner, exec, v.p., IBA. 5:45 Social Hour in Grandview Showroom 7:00 Banquet. Prime Rib in the Wimbledon Room. Introduc tion of guests. Entertainment provided by Myron Lee & the Caddies. Set Sail for Clear Lake! GROUP 3 ANNUAL MEETING Surf Civic & Convention Center CLEAR LAKE Thursday, May 20 • Ladies Luncheon with Style Show • Business Luncheon • Afternoon Business Session • Social Hour and Banquet • Entertainment • Dance Write for Special Registration Form and Complete Program to M yron Lee & The C addies GROUP 3 COMMITTEE ■jr— ^ Single System Banking With Availability ........... Availability of funds. . . availability of people. . . responsive to your needs. National Bank of Waterbo https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Waterloo, Iowa 50704 M em ber FDIC Corwith State Bank Corwith, Iowa 50430 Don Sabbann, Secretary We Will Be Looking For You. P h o n e B ill R ic k e r t at 1 -8 0 0 -7 7 2 -2 4 1 1 , Group 2 — Fort Dodge Bring your hooks and slices to the Fort Dodge G olf & Country Club on Wednesday, M ay 19. Tfee-off times start at 8:00 a.m. and reservations need to be made with Craig Graham at 515-955-8551. and Europe for twenty-seven years. Be sure to catch this show. P.M. 2:00 Registration at Starlite V il lage Motel 3:00 Welcome: Group 2 Chairman C.W. Dunn, pres., Security Savings Bank, Eagle Grove. Panel presentation featuring Ibm Huston, Superintendent of Banking, N eil Milner, exec, v.p., IBA, Randy Steig, exec, dir., IBA, Wes Ehrecke, gov’t, relations/m ktg. dir., IB A , Dale Dooley, pres., ITS, Inc., A1 Tinder, exec. dir. IBIS and Sam Callahan, pres., IBMC. 5:30 Social Hour 6:30 Banquet 8:00 Introduction o f guests. Re marks: Tbm Dunlap, Pres., IB A and pres., South Story Bank and Thist, Slater. En tertainm ent: Iow a Central Singers. Group 3 — Clear Lake Bring your fishing poles and swim suits to Clear Lake on M ay 20 for the Gp. 3 meeting. Special enter tainm ent features the Spurlows Show with something for folks o f all ages. The Spurlow s h ave been traveling the United States, Canada 6:00 Banquet Entertainment Dance Spouse activities w ill be held at the Pheasant Run Restaurant west o f Mason C ity beginning with a 12:30 punch and live music gather ing followed by a 1:00 p.m. luncheon and style show. Cancer isn’ t just a grow n-up disease. The S pu rlow s A.M. 10:30 Registration. Lobby of Surf Ballroom. 12:00 L ib a tio n Tim e. Cash Bar. Meet and visit with the of ficers and staff o f the Iowa B an k ers A s s o c ia tio n and your banker friends. P.M. 12:30 B u siness Luncheon. S u rf Ballroom. 1:00 Welcome. Group 3 Chairman Don Sabban, pres., Corwith State Bank. Speaker: Gary Benjamin, Economic Advisor, F ed e ra l R eserve B ank o f Chicago. IB A activities report from N eil Milner, exec, v.p., IB A follo w ed by rem arks from Tbm Dunlap, pres., IB A and Tbm Huston, Superinten dent o f Banking. 5:00 Cocktail Hour Danny Thomas. Founder ST. JUDE CHILDREN’S RESEARCH HOSPITAL Join Us At Iowa’s Vacation Spot! Group 12 Annual Meeting Ttiesday, May 18 The Lodge At Okoboji Evening Entertainment: Myron Lee & The Caddies https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis C A LL ON TH E “PERFORM AN CE TEAM ” where com m on transactions are handled uncomm only well. FIRST NATIONAL LINCOLN 13th & M Street ® ® 9 ^ ^ 0 • ^ ^ • 0 ® • Chicago, Dallas, Denver, Houston, Los Angeles, San Francisco and Washington, D.C. as part o f a test. I f they prove as successful as Sears anticipates, a network o f such cen ters w ill be opened in 1983 and future years, a spokesman said. The financial service centers w ill have a wide range o f services offered by the company’s Dean W itter Financial Services Group, Allstate Insurance Group and Coldwell, Banker Real Estate Group. They w ill offer stocks, options, mutual funds and other investment services, Sears U. S. Government Money M arket Thist money fund, real estate brokerage and mortgage insurance, as w ell as personal and commercial insurance now offered by Allstate in all Sears stores. G LE N D ALE HEIGHTS: Patricia A. Jeskie recently was named vice president and cashier for the First Security Bank o f Glendale Heights. Formerly assistant cashier at Cen ter Bank in Glen Ellyn, Ms. Jeskie has more than 19 years o f banking experience. Montana News The Montana Bankers Associa tion has scheduled its 35th Annual Thist Committee M eeting at the Park Plaza Hotel in Helena on May 13 and 14. A fte r registration at noon, the program starts at 1:00 p.m., M ay 13. Several attorneys, CPAs and state officials w ill address the group before adjournment at noon M ay 14. The M B A also has announced that its Commercial Lending Conference w ill be held at Holiday Inn West in Billings, M ay 20 and 21. Registra tion takes place Thursday afternoon, May 20, followed by a cocktail recep tion. The program on Friday w ill deal with topics geared to commercial lenders in today’s economy. BILLING S: Directors o f First Bank West Billings have elected Robert E. Bodin as president o f the bank, effec tive June 1. He w ill succeed A. E. (Dutch) Omdahl, who w ill become chairman and continue as chief ex ecutive officer. Mr. Bodin started his banking career in 1958 with First Bank System in Bozeman. A fte r working in several Montana banks https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Lincoln, Nebraska 68501 • Member, F.D.I.C. with FBS he was elected earlier this year to his current position as senior vice president o f credit. Wyoming News KEM M ERER: Robert W. Miracle, president and chief executive officer o f Affiliated Bank Corporation, Cas- ABA—American Bankers Association AIB—American Institute of Banking BAI—Bank Adminstration Institute BMA—Bank Marketing Association IBAA—Independent Bankers Associatior of America NABW—National Association of Bank Women, Inc. RMA—Robert Morris Associates National Conventions & Schools May 9-11—NABW Missouri State Con ference, Crown Center, Kansas City, Mo. May 9-12—I BA Seminar/Workshop on the One-Bank Holding Company, Las Vegas, Nev. May 9-14—ABA National Personnel School, Univ. of Colo., Boulder, Colo. May 12-14—Association of Bank Holding Companies Annual Meeting, Hyatt Regency Hotel, San Antonio, Tex. May 23-25—NABW Wisconsin State Con ference, Radisson, Lacrosse, Wis. May 23-27—ABA National Marketing Con ference, Hyatt Regency Embarcadero, San Francisco, Calif. May 23-28—BMA Essentials of Bank Marketing School, Univ. of Colo., Boulder. May 23-28—BMA School of Trust Sales & Marketing, Univ. of Colo., Boulder. May 23-June 4—BMA School of Bank Marketing, Univ. of Colo., Boulder. May 30-June 4—IBAA Bank Executive Development Seminar, Little Rock, Ark. June 6-18—ABA Stonier Graduate School of Banking, Rutgers Univ., New Bruns wick, New Jersey. June 13-16—ABA National Operations & Automation Conference, Los Angeles. ^ per, has announced the acquisition o f 95% ownership in the Fossil Butte National Bank o f Kemmerer. Fossil Butte National has about $6 million in assets. AB C holding company now has eight banks located in Cas per, Cheyenne, Gillette, Rawlins, Wheatland and Kemmerer. June 14-15—IBAA Spread Analysis and Asset/Liability Management Workshop, Philadelphia, Pa. July 11-16—ABA Natl. Advanced Ag Bank ing School, Iowa State Univ., Ames. July 19-20—IBAA Spread Analysis and Asset/Liability Management Workshop, Denver, Colo. July 25-30—Midwest Banking Institute, Univ. of Minn., Morris. July 25-Aug. 6—BAI School for Bank Ad m in is tra tio n , Univ. of W isconsin, Madison, Wis. Aug. 2-3—IBAA Spread Analysis and Asset/Liability Management Workshop, Lake Tahoe, Nev. Aug. 8-21—Herbert V. Prochnow Graduate School of Banking, Univ. of Wise., Madison. Aug. 16-20—BMA Essentials of Bank Marketing School, Lake Forest College, Lake Forest, III. Aug. 22-25—IBAA Seminar/Workshop on the One-Bank Holding Company, San Francisco, Calif. Aug. 29-Sept. 3—IBAA 22nd Seminar for Senior Bank Officers, Boston, Mass. Sept. 19-21—IBAA Commodity Marketing Seminar, Chicago, III. Sept. 19-22—NABW 6th Annual Conven tion, Los Angeles Bonaventure, Los Angeles, Calif. Sept. 19-Oct. 1—ABA National Instalment Credit Schools, Univ. of Oklahoma, Norman. Oct. 10-15—IBAA Bank Executive Develop ment Seminar, Muncie, Ind. Oct. 16-20—ABA Annual Convention, At lanta. Oct. 31-Nov. 3—RMA 68th Annual Fall Con ference, Sheraton, Bal Harbour, Fla. I have a responsibilty to help our correspondents deal profitably with changing regulations. 99 Today, your con tinued profitability is as important to Security National Bank as it is to you. Stan C arlson Correspondent Banker Security National Bank Western Iowa’s Largest SECURITY NATIONAL BANK Sioux City, Iowa 51101 (712) 277-6554 Member FDIC POSITION AVAILABLE Estate Appraisals IOWA NATIONAL BANK CURRENCY AG LENDERS WANTED Purchase of Collections 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 Exchange Bldg., Des Moines, Iowa 50309. Phone 515/ 282-6462. Employer pays fee._________________________(PA) Sale o f Rare Coins R eliable and respected service for over 20 years IMMEDIATE OPENING for installm ent lender with 2-4 years experience. Bank located in central Minnesota. Will manage installment loan department with opportunity for greater respon sibility. Send resume to file PBY c/o Northwestern Banker. (PA) Used by bankers throughout the midwest Second Officer — $17 million central Illinois bank. Prefer Ben E. Marlenee Coins lending background. Need aggressive person with CEO poten tial. Contact Bart Solon, State Bank of Girard, IL. Phone 217/627-2112. (PA) Also paying top prices for other “ types” of U.S. currency and finan cial paper. DON MARK Box 1, Adel, IA 50003 • 515/270-8170 Aggressive marketing-oriented individual needed to manage new accounts and personal loan department of $70 million bank in southeast Iowa county seat. Write file QBB, d o NWB. (PA) 913 L o c u s t D e s M o in e s , Io w a 50309 515-243-8064 Commercial Trust & Savings Bank, a 100 million dollar bank in southeastern South Dakota is seeking an experienced CPA to fill the position of Auditor. Submit resume and salary require ments to Ron Jenkins, President, Commercial Bank, Box 907, Mitchell, SD 57301. (PA) □ I would like to sell my majority bank stock. □ I would like to buy ma jority bank stock. Please Contact: J. Mason Henry WANTED FOR PERSONAL COLLECTION Experienced Installment Loan Officer — 12 million dollar ■ rural bank in north central Iowa. Excellent school district and close to urban area. Must have credit life license and collection experience. Send salary requirement with resume. Write file QBC, d o NWB. (PA) Charles E. Walters Co., Inc. ■ 39 Ginger Woods Road, Valley, Nebraska68064 Phone:(402)553-6400 L ________________ _____ ________ 1 FOR SALE ONE DIEBOLD ELECTRIC ROTARY CHECK FILE — com plete with trays, Very Reasonable. Jerry Jares, Geneva, NE 68361. Phone 402-759-3124. (FS) C H IE F E X E C U T IV E O F F IC E R Multi Bank Holding Company has immediate opening for a bank C.E.O. in a central Montana community of 6,000. Applicant should have a minimum of 10 years banking experience and a complete knowledge of commercial and agricultural credits. Compensation commensurate with qualifications. Send resume to: Joe Friend, Vice President, Bank of Montana System, P.O. Box 5100, Great Falls, MT 59403. (PA) F I N A N C I A L S P E C IA L IS T I N T H E T W I N C IT IE S A R E A czdfoCdex C all B ruce M eyer • 612/835-4466 7 6 2 ^ M e tro Blvd., S u ite 350 • M inne apolis, MN 55435 ^^M R EC R IH I bhS 300 Offices Nationwide and <zdhioaLate,5, Bank Consultants Specializing in Bank Acquisitions 515-232-0814 P.O. Box 450 405 Main Ames, Iowa 50010 Donald The Search and Recruiting Specialists E. Holder, Principal BANKERS AVAILABLE If you are seeking a qualified officer for your bank, we have the top applicants in the midwest. Listed below are a few of our current applicants: | 523 N. Main St., Carroll, Ia „ 51401 712-792-2748 j CORRESPONDENT C R E D IT O F F IC E R This challenging position involves a high degree of contact with our correspondent customers regarding CEOs with heavy ag lending exp.................................................to $50,000 Commercial Lenders ..................................................to $35,000 bank stock and overline loans. The ideal candidate will have at least 3 years agricultural, commercial or agricultural loan experience and a degree in business Ag Lenders ....................................................................................to $25,000 administration or accounting. We offer a competitive salary and a chance to grow with our dynamic new billion dollar bank. Send resume to: Jan Nolander, F & M Marquette National Bank, Marquette at 6th, Min Installment Lenders ....................................................................to $25,000 neapolis, MN 55480. Affirmative Action Employer. (PA) Dxist O fficers ................................................................................to $30,000 Generalists (O perations/Lending)............................................. to $36,000 Operations/Cashiers ..................................................to $28,000 CPA/Bank A uditor ....................................................................... to $28,000 Write or Call Malcolm Freeland, Freeland Financial Service, Inc., 246 Insurance Exchange Bldg., Des Moines, Iowa 50309. 515/282-6462. Describe your needs, and we will assist you. Employer pays reasonable fee. B A N K IN G P L A C E M E N T S “Successful Banking is Quality Personnel” Eighteen years banking experience serving as president of rural and metropolitan banks enables me to find the “ right” banking position for you as a banker or the “ right” officer for your bank. CHOQLER In ASSOCIATES 901 A. West Jackson* Ozark, Missouri 65721 417/485-6020 COMPLETELY CONFIDENTIAL “ Employment Service” Thinking about selling your bank? Consult with Homer Jensen or Dick Buenneke Over 50years’ banking experience No fee to seller 246 Insurance Exchange Bldg. Des Moines, Iowa50309 Phone: 515-243-7434 POSITIONS AVAILABLE COMMERCIAL LOAN - suburban Iowa bank seeks commercial lender with 2-3 yrs. experience and good business development skills........................... $25,000 MARKETING - $65 MM suburban bank desires mar keting minded banker to supervise personal banking dept................................................................... $25,000 INSTAL. LOAN - rural bank with $3MM dept, needs experienced consumer lender to head dept. . $18,000 SENIOR COMMERCIAL LENDER - opportunity to manage all lending functions for $300MM metro area bank.....................................................................$Open CORRESPONDENT OFFICER - Agri lending experi ence a must. Prefer banker but would consider individ ual from farm credit system............................. $28,000 SECOND OFFICER - rural $10MM bank with absentee owner. Must have solid Ag loan background and some administrative experience................................ $30,000 COLLEGE GRADS - if you desire a banking career and will be a May, ’82 graduate, there are some management training positions available in small to medium size community banks............... $12-$14,000 All inquiries confidential. A resume' and salary history are requested. TOM HAGAN & ASSOCIATES of Kansas City Box 12346 - 2024 Swift North Kansas City, MO 64116 816/474-6874 “Serving the Banking Industry Since 1970” Vol. 11 No. 2 Northwestern Banker Newsletter (USPS 873-300) is published weekly by the Northwestern Banker Company, 306 Fifteenth Street, Des Moines, Iowa 50309, (515) 244-8163. Subscriptions $1.00 per copy, $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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