The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
0 Vol. 11 No. 6 Des Moines, Iowa May 31,1982 South Dakota Seeks Super N O W ^ ^ ^ a 0 £ 0 % • • FTER extensive consideration to adopting an interest-free deposit instrument with a minimum deposit o f $2,000, to allow the banks in its state to fight back at the un regulated money market mutual funds that are confiscating billions in bank deposits, the South Dakota Division of Banking and Finance at its May 25 meeting backed off in fa vor of a Super NOW account for all state and national banks in South Dakota. Glen F. Ritterbusch, director of the South Dakota department, said the banking board went with the Super NOW as advocated by the A B A before the Depository Institu tions Deregulation Committee. The DIDC was supposed to take some action May 24, after having delayed from previous meetings at which it was supposed to come up with a vi able alternative in its mandated-byCongress road to deregulation. How ever, its staff still couldn’t get its act together and the DIDC again chickened out, saying it would wait until the scheduled June 29 meeting. The South Dakota action actually petitions DIDC to grant an exception to states or regions, lacking fur ther positive action by the DIDC. Mr. Ritterbusch said that if there are no snags in the banking board proposal after review by the South Dakota Attorney General, then the banking board will adopt the resolu A tion, providing a 30-day delay. This would put the effective date after the June 29 DIDC meeting. If such state action is taken authorizing a Super NOW in South Dakota, it would then be up to individual banks as to whether they will “ test the waters’ ’ against current regula tions. It was learned that all the federal regulators emphatically opposed the South Dakota original proposal for a ceiling-free instrument with a $2,000 minimum deposit. They pressured the banking commission to drop the proposal, indicating that although they wouldn’t take the South Da kota Division of Banking and Fi nance to court, they would immedi ately take punitive action against any South Dakota bank trying to of fer such a new instrument. Monitoring the outflow of funds from banks in any given state to the MM MFs is difficult, Mr. Ritter busch stated. “ There is no way to know how many livestock and grain c h e c k s fu n n e l d ir e c t ly in to M M M Fs.’ ’ The closest bankers have been able to come to fighting back, in many instances, is through repur chase agreements. FDIC is taking a dim view of these uninsured transac tions in many cases, especially where they are openly or by innuen do offered on an automatically re newable basis. FDIC Chairman Wm. Isaac is one of the DIDC members who favors moving rapidly on the path toward a competitive deposit instrument for banks. Whether the “ sagebrush’ ’ or “ short grass” rebellion will gain any ground for bankers remains to be seen. In the meantime, the unreg ulated firms have approximately $193 billion in their MMMFs, much of it taken from commercial banks and savings and loans that can’t fight back because of the DIDC. One member of the DIDC is the National Credit Union Administrator, who has unilaterally deregulated his in dustry, but still sits on the board controlling the banks. Chairman of the DIDC is Trea sury Secretary Donald Regan. In his previous position as chairman of Merrill Lynch, he helped create the MM MF at that firm, and as a DIDC member refuses to allow banks to defend themselves from the incur sions of the securities industry. MMMF funds are not insured. As another irony last week, The Investment Company Institute, which represents mutual funds, went to federal district court in Washington, D.D., asking it to force the FDIC to make the Boston Five Cents Savings Bank cease its plans to establish a money market fund. The Institute said this violates the 1933 Glass-Steagall Act which calls for a separation of banking and se curities businesses. □ CALL ON THE “PERFORM ANCE TEAM ” where com m on transactions are handed uncomm only well. \ IIIH IH III FIRST NATIONAL LINCOLN • https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 13th & M Street • Lincoln, Nebraska 68501 • Member, F.D.I.C. 2 SERVING PROFESSIONALLY Teamwork: One of the reasons we’re first in Iowa. Linda Collins IOWA nesMOines M M NATIONAL BANK The 28th Annual Conference of the Upper Midwest Agricultural Credit Council, featuring national and regional experts speaking on topics related to agricultural bank ing, will meet July 7, 8, and 9 at the Fairmont Hot Springs Resort in Anaconda, Mont. Frank Naylor, Jr., the Undersec retary of Agriculture for Small Com munity and Rural Development, will open the conference on July 8 with a discussion on current policies at FHA. Other conference speakers in clude Gary Stern, senior vice presi dent and director of research at the Federal Reserve Bank of Minneap olis; C.P. “ Buck” Moore, president of Northwestern National Bank in Sioux Falls; Gene Nelson, extension farm management specialist at Ore gon State University, Corvallis, and Glenn Pederson from the depart ment of agricultural economics at North Dakota State University, Fargo. Iowa News Offices of the Iowa Independent Bankers have been moved from 222 Equitable Building across the street to the new Carriers Building, located on the northwest corner of Sixth and Locust Streets. The new address is 1000 Carriers Bldg., 601 Locust St., Des Moines, la. 50309. The new tele phone number is 515/255-5609. * * Ruth Willits, vice president of Northwest Bank & Trust Company, Davenport, was voted the new Na tional Association of Bank Women State Chairman for the 1982-83 year. Ms. Willits is a member of the southeast chapter o f NABW . DES MOINES: Sherry A. Rissman has been elected to the position of com m ercial services officer of United Central Bank. She joined the bank in 1979 as a credit analyst and promoted to senior credit anaDigitized for was FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis a Capital Personnel Service 714 U.C.B. Building, 515-283-2545 Des Moines, Iowa 50309 M itch Christensen Electronic Banking An Affiliate of Northwest Bancorporation B a n c o » Member FDIC UMACC Annual Conference July 7, 8, & 9 in Montana * Banking, Financial & Business Personnel, Iowa and Nationwide Call (515) 245-3131 or toll-free (800) 36 2-25 14 lyst and supervisor in 1981. DES MOINES: Craig E. Wierson has been appointed vice president and director of internal audit at Bankers Trust. He previously had been with Peat, Marwick, Mitchell and Co. for eight years, most recent ly as manager of the management group. the new group will be named Ne braska Financial and Economic Development Association. The organ ization apparently will have several types of business firms as members, notably some of the larger banks in the state. One of its goals will be banking structure change. Mr. Moors will continue as chairman of American National Bank of Sidney. Minnesota News DULUTH: Clarency E. Maddy has been named vice president-admin istration of First Bank-Duluth, an nounced James H. Claypool, chair man. Mr. Maddy, who served as adMASON CITY: First National Bank minstrative assistant to the mayor has announced the election of James of Duluth for 21 years, will have L. Garver as correspondent banking responsibilities for the building pro officer. He began his banking career ject of First Bank Place. in 1960, serving most recently as as GRAND RAPIDS: Dave Groshong sistant cashier at the Admire Bank has been promoted to vice president and head of the commercial loan in Emporia. department of First Northwestern MUSCATINE: D. Scott Ingstad National Bank. He has been with has been named chief operating of the bank since 1977. ficer of Community National Bank. ST. PAUL: Phil Hunt has been elecHis appointment follows the recent resignation of Charles S. Bullock. £ £ 9 # • ^ Nebraska News LINCOLN: Thomas D. Potter has been elected president and chief ex ecutive officer of National Bank of Commerce, succeeding James F. Nissen, who resigned to accept a management position with a region al banking firm. Mr. Potter pre viously was senior executive vice president of NBC and was elected to the board in 1981. He has been with the bank since 1975. The rest of NBC’s executive management team continues as before. Mr. Nissen will run Nebraska Management, Inc., Lincoln, owned by Lincoln busi nessmen Gene Tallman and Paul Schorr. They own First National Bank and First State Bank in Fre mont, Lincoln Bank East, First Westroads Bank in Omaha, and are acquiring Citizens State Bank in Lincoln. LINCOLN: H. Jack Moors plans to leave his post as chairman of Cit izens State Bank in July and will head up a new statewide business or ganization dedicated to the financial and economic development of Ne braska. Although not yet officially certified by the State of Nebraska, ASK JOHN MANGOLD # to make MNB work for you. Toll free 1- 800- 332-5991 * • Merchants ^ National Bank 151 Member F.D.I.C. A ‘BANKS OF IOWA’ BANK Supplement to Northwestern Banker Newsletter 5-31-82 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 NEW ISSUE MOODY’S: A We own and offer subject to prior sale and change in price and subject to our attorney’s approving opinion: $1,200,000 FORT MADISON, IOWA Water Revenue 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, Fort Madison, Iowa. IN THE OPINION OF COUNSEL INTEREST ON THESE BONDS IS EXEMPT FROM ALL PRESENT FEDERAL INCOME TAXES. MATURITIES $ 55,000 15.000 15.000 15.000 20.000 20,000 130,000 $145,000 101/4% $165,000 December 1, 1990 10.25 11.00 % December 1, 1982 8.00 December 1, 1983 8.40 December 1, 1984 8.70 December 1, 1985 9.00 December 1, 1986 9.25 December 1, 1987 9.50 December 1, 1988 9.75 101/2 % December 1,1989 10.00 101/2% $185,000 December 1, 1991 10.50 10%% $205,000 December 1, 1992 10.75* 11.00% $230,000 December 1, 1993 11.00* •Optional for redemption in inverse numerical order on December 1,1991 or any interest payment date thereafter at par plus accrued interest to the date of redemption. LEGALITY TO BE APPROVED BY CHAPMAN & CUTLER, ATTORNEYS, CHICAGO, ILLINOIS. The City of Fort Madison, one of two county seats of Lee County, Iowa, is located on the Mississippi River in southeastern Iowa approximate ly 90 miles south of Davenport, Iowa. Fort Madison serves as a retail trading area and service center for the surrounding prosperous agricultural area and has long been the home of several sizable local and nationally based industries. Some of these companies include: Sheaffer-Eaton (world’s largest manufacturer of fine pens); E.l. duPont deNemours & Co. (manufacturers of paints); The Chevron Chemical Company, a subsidiary of Standard Oil of California (petrochemical facility producing anhydrous ammonia fertilizer and liquid carbon diox ide); Fruehauf Corporation (van trailers); and Armour-Dial, Inc. (canned and frozen meats). The world’s greatest inland commercial waterway flows past Fort Madison’s flood proof banks providing barge service from April to December, and at the present time, shipping is available nine months out of the year. The City is also served by AMTRAK, U.S. Highway 61, Iowa primary highways and an Interstate Toll Bridge pro viding highway access over the Mississippi to Illinois. Fort Madison has three commercial banks with deposits exceeding $104,200,000 and one savings and loan association with total assets of $43,878,912 as of December 1, 1981. The population is currently estimated at 13,520. The proceeds of this issue will be used to refund $898,571.37 of Fort Madison, Iowa Water Revenue Pledge Orders issued to contractors and suppliers and for professional services in connection with the construction of major improvements to the Municipal Water Works Plant and System. SUMMARY OF FINANCIAL TRANSACTIONS 1981 $1,034,601.41 810,716.37 223,885.04 430,312.41 Total Revenues Total Operating Expenses Net Income Operating Fund Net Revenue Available for Debt Calendar Year Coverage 1.69X $255,091.67 1.66X $259,870.00 Average Annual Principal & Interest Maximum Annual Principal & Interest 1979 $833,719.92 634,924.64 198.795.28 287.198.28 1980 $925,232.75 848,356.81 76,875.94 227,075.74 Fiscal Year Coverage $252,720.63 $284,435.00 The information contained herein is not guaranteed, but is derived from sources we deem reliable and is that on which our purchase of these bonds is based. Bonds of a particular m aturity may or may not s till be available or may now be available at a price or yield different from that indicated above. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Division of rHutton & Company Inc. 1.70X 1.51X https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ted vice president of First Bank Security. He began his career in 1958 with First Bank Minneapolis. ST. PAUL: Thomas C. Olander has been promoted to vice president at American National Bank. Mr. Olan der, who joined the bank in 1976, was named assistant vice president in 1980. Illinois News The Association for Modern Bank ing will be holding their 1982 annual meeting this week, June 2-4, at the Indian Lakes Resort in Bloomingdale. The schedule of events follows: P .M . W ednesday, June 2 1:00 Golf and tennis tournaments. 6:00 Loop Bank reception. A .M . Thursday, June 3 7:30 Registration. 9:00 General session. “ The Future is Now” —William H. Kennedy, Jr., pres.-elect, A BA; chair man of National Bank of Commerce, Pine Bluff, Ark. 10:00 “ The View From WashingtonE x p e cta tio n s vs. R e a litie s” — George F. Will, syndicated colum nist, TV news commentator, author. 11:45 Lunch. P .M . 1:30 2:15 7:00 8:00 9:00 direct 10:00 A .M . General session reconvenes. AM BI Business meeting. AM BI reception. AM BI annual banquet. Floor show. Roger & Roger from Las Vegas. Dance. Friday, June 4 7:30 Chapter breakfasts. 8:30 General session reconvenes. Multi-media presentation. 8:40 Multi-bank Holding Compan ies in Illinois—Where Are We Now?— •Bernard E. Adee, vice president/ corporate finance department, Rob ert W. Baird & Company, Mil waukee, Wis. •Judy Blacklidge, administrative bank holding company examiner, Federal Reserve Bank of Chicago. •Thomas B. Hart, senior partner, Pope, Ballard, Shepard & Fowle, Chicago. •James W. Haugh, Liaison Tax Part ner, Peat, Marwick, Mitchell & Co., Chicago._________________________ SEND M E ... A 20« stamp, a check for $1.00, and your bank let terhead and I will send you a sample of the most unusual Christmas “handout” of 1982. 10:15 W hat’s In It For M y Bank?— •Willard Bunn III, moderator; presi Estate Appraisals dent and chief operating officer, Purchase o f Marine Bancorp, Inc. •David E. Connor, president, Mid Collections west Financial Group, Inc. Sale o f Rare Coins •Harry E. Cruncleton, vice chairman and board member, First Bancorp of Reliable and respected service Belleville, Inc. for over 20 years •James F. Oberwortmann, presi Used by bankers dent, First Midwest Bancorp, Inc. throughout the midwest 11:30 Adjourn. 11:45 Closing luncheon. Ben E . Marlenee The A ssociation for M odern Coins R a n k i n g in Illinois has selected Hughes, Martindale & Associates to 913 L ocust D es M oin es, Iowa 50309 conduct the first in a continuing 515-243-8064 seris of educational teleconferences throughout the state. The inaugural program June 8 action is subject to the approval of will take place in 17 major cities or Federal and State Authorities. South Dakota News iginating from the AM BI “ BANKN ET” Network studios in Chicago. SIOUX FALLS: Northwestern Bank The one-day seminar, conducted by recently announced the advancement H M A President Robert M. Martin- of Keith C. Goodhope from assistant dale and Vice President Michael R. vice president and assistant manager Chy, will focus on the rapidly to vice president and manager at the spreading bank service called Sweep Parker Branch. Mr. Goodhope joined Accounts and the impact of Sweeps the bank’s Lake Preston Branch in in the community banks today and 1972 as an insurance representative. in the long term. North Dakota News ELMHURST: Arnold E. Bruns re cently was promoted to vice presi dent, trust division, and Michael Stoltz to vice president, commercial loan department, of Elmhurst Na tional Bank. MOLINE: Richard M. Bishop has been elected president, effective June 1, of First National Bank of Moline. He has been president at First Galesburg National Bank and Trust Company, which he joined in 1971. He fills the vacancy created by the resignation in March of Richard A. Shultz. N APERVILLE: The board of direc tors of Northern Trust Corporation, Chicago, recently approved a defin itive agreement to acquire The First Bank, Naperville, from the First Naperville Bancorporation, a onebank holding company. The trans HALSTAD: Jean P. Bennett was named president of the Red River State Bank of Halstad at the recent annual meeting. Randall C. Aarestad, who has been president, was named chairman. Also at the meet ing, Mary Trandem was elected vice president and cashier. Montana News BILLINGS: Robert P. Gibbs has joined Security Bank as vice presi dent o f the energy division. He previously was vice president with Continental Illinois National Bank and Trust Company in Chicago. PLENTYWOOD: Dallas Johnson has been promoted to vice president of Security State Bank. His promo tion follows the recent resignation of Alan Dale, vice president, who will be taking a position in Denver. Single System Banking With Availability Availability of funds.. .availability of people... responsive to your needs. BOB TUCKER ASSOCIATES BOX 1222 PT. ARTHUR, TX 77640 “Since 1958” https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis National Bank of Waterloo Waterloo, Iowa 50704 Member FDIC Phone Milt Hennick at 1-800-772-2411. POSITION AVAILABLE VICE PRESIDENT LOAN ADMINISTRATION AG LENDERS WANTED Challenging opportunity for a professional indi vidual who has worked in commercial banking for 5 to 10 years w ith experience in loan operations, documentation, credit analysis, and the laws and regulations pertaining thereto. This position re quires personal contact w ith other professionals, customers, and co-workers. Must be capable of supervising several departments. Attention to de tail work is essential. This position involves a great deal of pressure and ability to meet numer ous deadlines. We offer excellent benefits and a salary commensurate w ith experience. Send resume and salary requirements in confidence to: 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) $160 m illion bank in northeast Iowa looking for an ex perienced operations person. Two years or more banking experience in bank operations required. College degree in business preferred. Salary and benefits commensurate w ith qualifications. Excellent opportunity for growth and advancement. All replies confidential. W rite file QBD, c/o Northwestern Banker. (PA) SECOND MAN—$9 million bank. Resort area in northern Minnesota. Write file QBF, c/o Northwestern Banker. (PA) Experienced INSTALLMENT LOAN MANAGER—for south central Nebraska $25 m illion bank. Also additional respon sib ility in agricultural and commercial lending. Send sal ary requirements w ith resume. W rite file QBE, c/o North western Banker. (PA) CEO POSITION available for $75 m illion midwestern bank in rural community. Send resume and salary history to file QBG, c/o Northwestern Banker. (PA) EXPERIENCED CPA/COMPTROLLER— Minimum of two years experience required. Banking background useful. Growing multi-bank holding company. Salary open. Send resume to John L. Calton, Executive Vice President, Peoples Bankshares, Ltd., P.O. Box 360, Waterloo, Iowa 50704._________________________________________ (PA) EXPERIENCED COMMERCIAL LOAN OFFICER needed in a $70 m illion bank in southeast Iowa county seat. Write file QBI, c/o Northwestern Banker. (PA) CHIEF EXECUTIVE OFFICER—A $20 m illion bank located in western Illinois is seeking an individual w ith agri cultural loan experience to become chief executive o f ficer. This is an excellent opportunity for an individual with an agricultural loan background interested in managing a bank. Ownership has interests in several Illinois banks so that advancement opportunities are unlimited. Salary commensurate w ith experience and ability. Please send resume to file QBH, c/o The Northwestern Banker. (PA) FOR SALE MODULAR OFFICE DIVIDER. Fabric panels w ith oak; 1 4 'x 9' (Allows for doorway). Consists of: 1 credenza, 1 desk unit, work surface, storage cabinet, 1 executive swivel chair and 2 side chairs. Contact Gary Burke, State Bank, Waverly, IA 50677. Phone (319) 352-4556. (FS) Two NCR 7750, Model 2201 proof machines with 16 pockets. Inquire to Rick Strudthoff, Peoples Bank & Trust Company, Waterloo, Iowa. (FS) Brandt Model 952 Demonstrator coin sorter counter-save over $800. C all Money H andling M achines Inc., 1-800-228-2581. In Nebraska, 1-800-642-1522. (FS) NCR 755-1000 single pocket proof machine. Has been under maintenance contract. Contact Andrew Kobs or Diane Hanna, First National Bank, Fort Dodge, Iowa 50501. Phone (515) 576-6811. (FS) W ANT ADS Rates are $5.00 per line per insertion. Add $3.00 for file letters per insertion. Identity of file letter advertisers cannot be revealed. NORTHWESTERN BANKER, 30615th Street, Des Moines, Iowa 50309. Phone 5 15 / 244-8163. What does your employees’ appear ance tell your customers about your bank? “We want to please you” or “We don’t really care?” Call us for the look of “ Service” and “ Success.” CAREER APPAREL I 523 N. Main St„ Carroll, Ia„ 51401 712-792-2748 | VALLEY NATIONAL BANK BANKERS AVAILABLE Personnel Department 6th and Walnut Des Moines, Iowa 50304 An Equal Opportunity Employer Ag Lender w ith Iowa State Univ. degree and one year with PCA ....................................................... .................. $16,000 (PA) Operations person, now cashier of $40 m illion bank, seeks new opportunity in progressive b a n k ...................... $25,000 Ag Lender w ith Iowa State Univ. degree and 10 years e x p .. ..................................................................................... $28,000 POSITIONS AVAILABLE Commercial Loan Officer in a $65,000,000 Missouri Holding Company bank in suburb of metro area. Business Development experience required. Salary range to $30,000 All Around Loan Officer for a $15,000,000 bank in 30,000 population Kansas town. Salary to $26,000 #2 Man for a $30,000,000 country bank. W ill assist Presi dent in adm inistration and Commercial lending. Salary $25,000 - $28,000. Trust Analyst-Senior Portfolio Manager in a large metro bank. Leading Regional bank. CFA required & strength in technical analysis. To $40,000. Trust Securities Operations Analyst for large trust depart ment reviewing internal controls and operations pro cedures. Salary to $21,000. Senior Lending Officer strong in adm inistration for a $30,000,000 privately owned bank in a good Missouri town, 10,000 plus population. $25,000 - $30,000. Commercial Loan Officer for a $100,000,000 plus bank in Ci ty under 300,000 population. Holding Company Bank, com plete benefit package, Country Club. Salary to $30,000. Agriculture Loan Offier for a $30,000 bank in small Oklahoma town. Top advancement potential. Salary Range $25,000 - $30,000. Trust Department Head for an $80,000,000 trust dept, growing rapidly. Suburb town. Personal interests, some probate, employee benefits. Location is a definite attrac tion, strong com m unity bank. Salary to $40,000. Generalist in com m unity bank seeks new situation in S. Iowa or M is s o u ri..........................................................$27,500 Installment Mgr., now in $28 m illion bank, wants to move to N. Iowa or S. M in n e s o ta ........................................$24,000 Senior auditor w ith CPA degree seeks position near Twin C it ie s ............................................................................$25,000 Installment Lender w ith four years experience . . . .$18,000 Operations specialist w ith $100 m illion bank seeks job in Upper M id w e s t............................................................$24,500 Commercial Lender w ith emphasis on ag seeks new op portunity ......................................................................$32,000 Insurance Agent running successful bank agency wants to move to a better growth situation in western Io w a ........ ................................................................................. $28,000 + Cashier in $30 million Nebraska bank wants to find new o p p o rtu n ity ..................................................................$24,000 Write or call Malcolm Freeland, Freeland Financial Ser vice, Inc., 246 Insurance Exchange Bldg., Des Moines, Iowa 50309. Phone 515/282-6462. Em ployer pays reasonable fee. FOR SALE OR LEASE MODULAR BANK UNITS—14' x 36' and 14' x 66'. Fully equipped with alarm, camera, night depository, drive-up window and furniture. Ready for delivery. Contact Finan cial Products, Inc., Box 1035, Eau Claire, Wl 54701. Phone 715/835-8160. (FSorL) Commercial Loan Officer for a $125,000,000 Arkansas bank in a town undr 70,000 population. Salary range to $35,000. POSITION WANTED Vice President title, Commercial lender w ith strong ag overtones. Bank is $50,000,000, town is 10,000 approx imately. 8 years minimum experience and must have ag lending background. Salary to $40,000. 17 Year community banker, age 42, extensive experience In all areas, graduate of banking schools desires 2nd man or cashier position. Write File PBM, c/o Northwestern Banker. (py\n We are a banking placement firm and assure confidentiality with every candidate. Eighteen years of banking background serving as president of metropolitan and rural banks enables me to find the position you want. Phone me collect, or send resume to: Don W. Schooler & Associates, 901 A. West Jackson, Ozark, Missouri 65721. Phone (417) 485-6020. SENIOR COMMERCIAL LOAN—$200MM affiliate of major holding company. Will report to Exec. Vice Pres. $45,000. D O N Ä C H O Q L E R In AND- i p p P ASSOCIATES "Successful Banking is Quality Personnel" POSITIONS AVAILABLE COMMERCIAL LOAN—$60MM suburban bank. Need 2-3 years commercial lending experience and good business development skills. $25,000 COMMERCIAL LOAN—$50MM resort area bank seeks ad dition to staff. Must be calling oriented and have superior lending record. $35,000 JUNIOR COMMERCIAL LOAN—opening in secured len ding division of $250MM urban bank. Formal credit analysis and 2-3 yrs. commercial lending required. $25,000 IOWA NATIONAL BANK CURRENCY COMMERCIAL LOAN— lending experience with $150MM plus bank requested. Excellent opportunity for advance ment due to anticipated retirement of several senior of ficers. $28,000 AGRI LOAN—small rural Iowa bank. Handle all Ag loans and some adm inistrative duties. Five years or more ex perience requested. $28,000 WANTED FOR PERSONAL COLLECTION 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 SENIOR AG LENDER— responsibility for all Agricredits in $30MM rural bank. Superior documentation skills a must. $30,000 Additional opportunities in rural and urban banks. Salary history and resume' 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. 6 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
@FedFRASER