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Vol. 13 No. 3 Des M oines, Iowa May 7,1984 Senate Looks to “ Non-Bank” Action P RESSURE continued to mount in Washington last week for Congress to take some legislative ac tion in regard to either closing, ap proving or limiting the non-bank loophole in the Bank Holding Com pany Act. Helping apply the pres sure was Comptroller of the Curren cy C.T. Conover, who was sitting on applications for more than 200 non bank charters in 91 cities in 36 states and the District of Columbia. Mr. Conover addressed the Lead ership Conference of the American Bankers Association last week but did not reveal what his action on the applications would be. He is well aware o f the ramifications of what ever he does, and by holding onto the applications he keeps the pres sure on Congress to do something. It appeared late last week that Congress was ready to do just that. Sen. Jake Garn (Rep., Utah), chair man of the Senate Banking Commit tee, was calling his fellow Republi can committee members together to determine what their course of ac tion should be following completion of hearings on the subject. Demo crat committee members were doing the same huddling with Committee minority leader Sen. William Proxmire (Dem., Wis.). Over in the House, Banking Com mittee Chairman Fernand J. St. Ger main (D., R.I.) was playing his usual and make consumer loans but not commercial loans. Federal Reserve Board Chairman Paul Volcker told the leadership of the Independent Bankers Associa tion of America in Washington last week that he had no choice by law but to approve the U.S. Trust deal. He told the IB A A leaders, who were assembled for their annual commit tee meetings at the Vista Interna tional Hotel, that he believes the loophole in the Bank Holding Act that permitted the Florida action should be closed. He also said he feels the South Dakota loophole and the thrift loophole should be closed, but offered no specifics on how any of this was to be accomplished. Mr. Volcker’s remarks were mainly in re sponse to questions. During that session he expressed support for banking powers to underwrite muni cipal bonds, and thought “ passive” real estate participation would be OK. Senate Majority leader Robert J. stand him in good stead for trade Dole (Rep., Kan.) addressed the offs in conference. IB A A breakfast meeting last Tues Meanwhile, the application num day on “ The Tax Bill—Implications bers seem to balloon. The current of the Deficit.” He did not address game began, as noted here last week, banking matters specifically, but when the Federal Reserve Board on did state, in response to one ques March 23 approved the application tion, that Congress should define a o f U.S. Trust Co. of New York to “ bank” to clarify the confusion that change its nondepository trust sub now prevails. sidiary in Florida to a “ non-bank” Rep. St. Germain was the Tues charter which will accept deposits day luncheon speaker and gave a clever game o f “ wait and see what the Senate comes up with.” He was still having committee hearings on the topic of the non-banks. Conven tional wisdom in Washington is that Rep. St. Germain will look to the Se nate first for a bill, then introduce to the House one of his own with fa vorable circumstances that will ASK JOHN MANGOLD to make MNB work for you. Toll free: 1-800-332-5991 Merchants National Bank Member F.D.I.C https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A R A K IU 'C n c is i i n \ A / A ' D A MU' Norwest Bank Des Moines, N.A. Call (515) 245-3131 or toll-free (800) 362-2514 NORWEST BANKS Member FDIC SERVING PROFESSIONALLY Banking, Financial & Business Personnel Iowa and Nationwide CAPITAL PERSONNEL SERVICE 714 U.C.B. Building, 515-283-2545 Des Moines, Iowa 50309 Yearn work: one o f the reasons w e’re firs t in Iowa. Mark Conway Bernie Kersey “ bam burner” speech about closing the non-bank loophole and stating he was against interstate banking and branching. However, he was vague in particulars, preferring to wait for introduction o f Congres sional bills that would deal more di rectly with those subjects. Just before IB A A members con vened, Citicorp held its press confer ence in Omaha, as reported here last week, and did announce as predicted that it is now offering its Citibank Financial Account to Nebraska resi dents through its South Dakota sub sidiary national bank, Citibank of S.D. Sioux Falls, N.A., for $2.67 a month. All this can be accomplished by contacting the Sioux Falls bank through a W ATS number toll-free. Omaha residents can stop in at any one of three Citicorp Centers that will begin opening in late May in downtown Omaha and two shopping centers and ask Citicorp employees to help service their accounts. Ne braska residents may then access their money that goes into South Dakota or New York by using their debit card at ATMs. □ Iowa News The banks of Louisa County will host the Group 11 Annual Golf Day June 20 at Indian Hills Golf and Country Club near Wapello and Morning Sun. * * * Iowa Bankers Insurance and Ser vices, Inc. is sponsoring a Credit Life Licensing School on June 4-5 at the Fort Des Moines Hotel. On June 4, a general session will run from 12:30-5:00 p.m. On June 5, a credit life section will run from 8:00 a.m. - 12:30 p.m. and 1:30-5:00 p.m. Examinations will be given at various times on June 6. Registrations will be accepted by mail only on a first-come, first-served basis. Send to Jeanette M. Elling ton, Iowa Bankers Insurance and Services, Inc., 400 Financial Ser vices Building, 508 Tenth Street, Des Moines, Iowa 50308. Registra tion must be received by May 25. SIOUX CITY: Dennis Larive has been promoted to senior vice presi dent of Toy National Bank. He joined the bank in January of this year as a vice president in charge of asset management. Before joining Toy, he was assistant vice president and controller at Norwest Bank in St. Paul, Minn. TIPTON: Wayne F. “ M oon” Miller, retired president of First National Bank of Tipton, died last month in Tucson, Arizona. He was born in Moline, Illinois, and lived most of his life in Tipton. W ILLIAM SBU RG: Farmers Trust and Savings Bank recently announced the promotion of Dennis D. Huedepohl to senior vice president in loans and Nancy L. Turner to assistant Call on FNB for assistance with all your investment and cash management needs. ^ GARY STEVENSON/VICE PRESIDENT 712/277-0618 First National Bank in https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Member FDIC • P.O. Box 3248, Sioux City, Iowa 51102 • A BANKS OF IOWA BANK vice president. Mr. Huedepohl joined the bank in 1969 as a teller and now assumes responsibility for monitor ing the bank’s entire loan portfolio and senior management functions. Ms. Turner joined the bank staff in 1973 as a bookkeeper and now man ages the general ledger functions. Nebraska News FRIEND: Funeral Services were held April 28 for Stanley H. Southwick, 64, president o f the First Na tional Bank here. Mr. Southwick graduated from the University of Nebraska in 1941 and received a doctorate from the Massuchusetts Institute of Technology in 1951. He then became a senior research engi neer and geologist with Humble Oil Co. in Houston. In 1967 he returned to Friend to become president o f the family bank. LINCOLN: Services for banker Cecile Meyer Frampton, 85, were held last month. She and her husband, G.A. Frampton, who died in 1981, owned banks in Nebraska, Iowa and Oklahoma. The late Mr. Frampton started the Iowa State Bank in Des Moines, where they lived for eight years. Mrs. Frampton served as a di rector o f the Comhusker Bank of Lincoln until January. Her daugh ter, Alice M. Dittman, is Comhus ker Bank president. LINCOLN: Michael J. Rooney has been named board chairman of City N EBRASK A NEW S . . . (Turn to page 5) Estate Appraisals Purchase of Collections Sale o f Rare Coins Reliable and respected service for over 20 years Used by bankers throughout the midwest Ben E . Marlenee Coins 913 Locust Des M oin es, Iowa 50309 515-243-8064 Iowa Group • Meetings Continue 3 Group I I Annual Meeting M ay 22—Starlite Village Ft. Dodge , Featuring Group 2— Fort Dodge Dr. Roy Park, president of A p plied Management Associates, Ltd., A n k e n y , w ill present a work shop, “ Manag ing in the 80s— The Changing Role o f Bank M a n a g em en t,” during the busi ness session of the G roup II meeting. Group D MC DERMOt t Chairman Doug las McDermott will preside over the session which will be held May 22, at the Starlite Village in Fort Dodge. First Class Male, a barbershop quar tet, will provide the entertainment following the evening banquet. • • A.M. 8:00 Dr. Roy Park, President Applied Management Associates Ankeny, Iowa “Managing In the 80s— The Changing Role of Bank Management” Dr. Roy Park is founder and president of Applied Management Associates, Ltd., a human resource consulting firm. His organization provides a wide variety of consulting services. These include organization design, conflict resolution, team building, and management development. Dr. Park has specialized in helping improve employee morale, labor/management rela tions, and the responsiveness of organizations and their work environments to inevitable change. Golf—Please make reserva tions by calling Craig Gra ham at (515)-955-8551. Fort Dodge Golf & Country Club. ALSO • Golf • Social Hour and Banquet • Entertainm ent For Reservations Contact: Doug McDermott, Home St. Bank, Jefferson. Group 12 Annual Meeting May 23 - The Lodge at Okoboji THE DUTCH DOZEN The entertainment following the banquet will be provided by The Dutch Dozen. This group, also known as the Goodwill Am bassadors for Orange City, performs by invitation throughout the year. This year they were the main attraction at Oklahoma City’s ethnic celebration. The group is composed of 12 girls ranging in age from 15 to 18 years. Because the Dutch girls are noted mainly for the pointed white hats, the Dutch Dozen members wear the authentic costume of Valendam. ______ _____________ ALSO • Golf Tournament • Business Session • •Social Hour and Banquet • For Reservations Contact: Ed Leahy, Northwestern St. Bank, Orange City. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis P.M. 2:00 Registration—Starlite Vil lage Motel. 3:00 Business S ession—Chair man Douglas McDermott will call meeting to order. Managing in the 80s—The Changing Role o f Bank Management by Dr. Roy Park. Reports by Tom Hus ton , S u perin ten d en t o f Banking; IB A Executive Vice President Neil Milner, and Howard Hagen, Assis tant Attorney General. Both men and women are welcome to attend this afternoon meeting. 5:00 Social Hour. 6:30 Banquet. Steak dinner. 8:00 Remarks by IB A President A1 Maser followed by the en tertainment of First Class Male, a barbershop quartet. For reservations or further infor mation, contact: Doug McDermott, Home State Bank, P.O. Box 351, Jefferson, la., 50129 Group 12—Okoboji The Group 12 bankers will meet May 23 at The Lodge at Okoboji. Get Your Tickets Early To The Group 3 Annual Meeting May 24 • Clear Lake Surf Ballroom “ Life” - It’s a Celebration Life is an unforgettable musical experience. More than just songs, this highly professional veteran show group offers a visual display of music; a whirlwind of sight and sound! Their unbeatable format com bines dazzling choreography and designer costumes with tight vocal harmonies and super talented brass and rhythm players. Their uni quely well paced show runs the broad musical spectrum from coun try to Broadway and traditional to contemporary. More than just a music group, LIFE will make this year’s group meeting one to remember. — Ladies Program — Pheasant Run Restaurant Live Music • Luncheon • Style Show For further inform ation and reservations contact: Fred Hagemann, State Bank of Waverly, P.O. Box 58, Waverly, la., 50677. The Dutch Doz en, a sin gin g group o f high school girls from Orange City, will be the featured entertain m en t. Also known as the Orange City G oo d w ill A m bassadors, the group was the E- LEAHY main attraction this year at Okla homa City’s ethinic celebration. The day will start off with a golf tourna ment at Brooks Golf Course. A.M. 8:30 P.M. 2:00 4:00 5:30 Social H our—W im bledon Room. 7:00 Banquet—Grandview Show room. The entertainment of the Dutch Dozen will follow the banquet. For registration information, con tact: Ed Leahy, president, North western State Bank, Orange City, Iowa 51041. Group 3—Clear Lake Veteran show group “ LIFE” will dazzle and delight those attending the G rou p 3 Meeting May 24 at the Surf Con Golf—Brooks Golf Course. vention and Civ Registration—Lobby of The ic Center in Clear Lake. “ L IF E ” Lodge at Okoboji. p e r fo r m Business Meeting—Sobeck w ill Room. Group Chairman Ed everything from Leahy will call the meeting country to Broad to order. Session will include way, traditional the election of officers and to contemporary F. HAGEMANN reports from: IB A President to provide an eve A1 Maser, Superintendent of ning of non-stop entertainment. Banking Tom Huston, and Group Chairman Fred Hagemann, IB A Executive Vice Presi president of State Bank o f Waverly, will preside over the meeting. A prodent Neil Milner. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis gram for the ladies has also been planned and includes live music, lunch and a style show at Pheasant Run Restaurant. A.M. 10:30 Registration—lobby of Surf Ballroom. P.M. 12:00 Libation time, cash bar— Surf Ballroom. 12:30 Ladies program—live music, Pheasant Run Restaurant. 12:30 Business Luncheon—Surf Ballroom. 1:00 L adies L u n ch e o n —sty le show. 1:00 Business session —Chairman Fred Hagemann will call meeting to order. Re ports will be presented by IB A Executive Vice Presi dent Neil Milner; IB A President A1 Maser; Superintendent of Banking Tom Hus ton, and Howard Hagen, as sistant attorney general, Des Moines. 5:00 Cocktail hour. 6:00 Banquet. Entertainment. “ Life” - It’s a Celebration. For further information and reservations contact: Fred Hagemann, State Bank of Waverly, P.O. Box 58, Waverly la. 50677. 0 • ® ® _ 9 ^ ^ Wisconsin News CLINTON: Leon J. Holschbach has been promoted to executive vice president and a member of the board at Citizens State Bank. He succeeds Gordon Chapman, who recently was named president of the Farmers and Merchants Bank in Racine. Mr. Holschbach has been with Citizens since 1979. MINOCQUA: First National Bank of Minocqua and W oodruff has ap pointed Douglas J. Andre a senior vice president. He joined the bank in 1981 after 16 years of financial experience in rural, suburban and met ropolitan banking. SHEBOYGAN: Joseph H. Schilder, chairman and CEO o f Security Financial Services Inc., has relin quished the title o f chief executive officer of both Security First Na tional Bank and its holding com pany. He will continue as chairman o f both institutions. Succeeding Mr. Schilder as CEO is Gerald M. Thorne, president of Security Finan cial Services since 1980 and presi dent of Security First National Bank since 1981. % # ^ ® • # • Send Your News Today to the NORTHWESTERN BANKER TELL US ABO UT... 306 Fifteenth street 50309 d e s m o in e s , io w a Staff Changes Business Campaigns Mergers, Consolidations New Departments at the Bank Remodeling or New Building BANK ..... ......L ........ ................................. ................ ................ ..... OFFICER .... .............. ...................... ...............................- TITLE . CITY .................. .......................... .....................................STATE https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Open Houses Anniversary Parties Deaths or Retirements Speeches Made by Bank Officers Special Announcements to the Public https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis CALL ON THE “PERFORMANCE TEAM” where comm on transactions are handled uncommonly well. FIRST NATIONAL LINCOLN 13th & M Street • Lincoln, Nebraska 68501 • Member, F.D.I.C. N EBRASK A NEWS . . , (Continued from page 2) £ ^ 0 • • • • • • Bank and Havelock Bank in Lincoin, City Bank in Crete and Fill more County Bank in Geneva. He takes over the duties of Roger L. Anderson, majority stockholder in the four banks, who will more actively pursue other activities he is involved in. Mr. Rooney is president of the City Bank o f Lincoln and also has been serving as interim presi dent of the Havelock Bank until a permanent successor to Gordon Kuhn is appointed. Minnesota News Montana News Dr. Barry Asmus, one o f the na tion’s most sought after speakers of free market, limited government economics, will address the Minne sota Bankers Association 94th An nual Convention June 11-13 at the Radisson St. Paul Hotel. Dr. Asmus is on the faculty of Boise State University and is the au thor of several books and papers. C. Robert Brenton, president of the American Bankers Association and president of Brenton Banks, Inc., Des Moines, Iowa will also ad dress M B A convention delegates. “ Focusing on our Strengths’ ’ is the theme o f M B A ’s 94th Annual Convention, which will include two general sessions and six special in terest sessions (repeated twice daily). Special events during the con vention include: men’s golf tourna ments, women’s golf tournament, tennis classic, hospitality rooms, fel lowship breakfast, various tours women’s luncheon, pioneer and past officers luncheon, annual banquet and president’s luncheon. John Moye, partner in a Denver law firm and professor o f law at the University of Denver College of Law, will be the keynote speaker for the Montana Bankers Association 1984 Commercial Lending Con ference May 14-15 at Village Red Lion Inn in Missoula. Mr. Moye will give a detailed pre sentation on loan documentation and Article 9 of the UCC. He will also provide an extensive handout on Article 9 with a special Montana supplement. Attorneys can earn 5.75 hours of CLE credits by attend ing. The conference schedule also in cludes former Great Falls banker Robert Pancich, who will give an im portant presentation on the newly formed Montana Economic Develop ment Board of which he is the de puty director. YORK: The Federal Reserve System has approved the ownership by First York Bern Corp., a one bank holding company, o f The First National Bank o f Bradshaw, The Blue River Bank, McCool Junction, and the Farmers & Traders Bank of Waco. First York Ban Corp. currently owns The First National Bank of York and The First Trust Company o f York. First York Ban Corp. own ers Robert V. Jones and C.G. “ Kelly ” Holthus, who have been active in banking in York County for the M IN N EAPOLIS: First National past 34 years, purchased the banks Bank of the Lakes, Navarre, recently from E.A. “ Lige” Levitt, principal received approval from the Comp owner o f the four banks and trust troller of the Currency to open a company. Mr. Levitt celebrated his branch at 3101 Hennepin Avenue 100th birthday May 5. The change South in Minneapolis. o f ownership will formally take place May 10, at which time Mr. Jones will become chairman and Mr. Holthus will become president of each of North Dakota News the three banks. The acquisition of the three banks completes a long- CROSBY: First National Bank of range plan for Mr. Levitt to transfer Crosby has received approval from ownership of the four banks and the Comptroller of the Currency to trust company to Mr. Jones and Mr. locate a branch office at North Da Holthus, two of his long-time em kota Highway 5 and State Line, ployees. East Westby. GLENDIVE: Thomas W. Hughes has been elected president and CEO of the First National Bank of Glen dive, succeeding T.A. Vashus, who recently retired. Mr. Hughes’ bank ing career started in 1954 at First National Bank of Helena, and he has been with First National o f Glendive since 1965. Six weeks spread throughout each year in your own luxurious townhome near Keystone, In the heart of Ski Country. 1/8 FEE SIMPLE OWNERSHIP Two bedroom, two and a half bath, fireplace, garage, hot tub in enclosed atrium area. Fully furnished, including washer and dryer. Purchase price $33,900. Dwayne S. Smith PARADISE PROPERTIES Box S Dillon, Colorado 80435 Phone today, 1-800/922-2590 YAKE, SPRENGER AND JENNINGS Getting it done for you. itti W ^ Ernie Yake Bill Sprenger Tom Jennings 234-2483 4J4-4483 234-2625 234-2484 Commerce Bank of Kansascity https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis MEMBER FDIC Telenhnnp 93J_9finn Telephone (816) 234-2000 w 6 Ag Banking Personnel Let us help you. Call the ag lending personnel specialists without cost or obligation. Confi dential. Employers pay us to hire the best. Financial Careers Senior Commercial Lender for central Iowa bank. to $40,000. Senior Commercial Lender for southern Minnesota M ulti bank holding company bank. Experience w ith ag loans a p lu s ......................................................................................... to $39,000. CPA/Auditor for multi-bank holding company in midwest . ..................................................................................to $28,000. Ag Person for com m unity bank located in.scenic north east Iow a Low $20s. Commercial Lender for major bank in Iowa Great Lakes a r e a ...................................... ..........................Salary $30,000. Number Twoman w ith ag lending experience for northern Iowa bank....................................................................... Salary Open. EXPERIENCED TRUST OFFICER to form and head a trust department in a $200 million financial institution. Position requires law degree w ith approximately 5 years experi ence in all phases of trust services. Applicants should be aggressive and personable in order to be considered. Ex cellent benefits and salary commensurate w ith experi ence. Send resume, salary history and requirements to file WAH, c/o Northwestern Banker. All inquiries confidential. AN EQUAL OPPORTUNITY EMPLOYER. (PA) ASSISTANT VICE PRESIDENT, AG LOANS—college degree plus “ hands on” farm operations experience. Credit experience necessary, but banking experience not essen tial. Excellent career opportunity. Contact James C. Sodey, EVP, Hawkeye Bank and Trust, Spencer, IA. Phone 712/262-1940. (PA) LOAN REVIEW POSITION: Must be experienced in all phases of lending. Excellent opportunity for advancement in progressive, growing organization. O ffice in Omaha, NE, traveling required. Send resume to Jack Ayres, P.O. Box 486, Bellevue, NE 68005. (PA) SENIOR COMMERCIAL LOAN OFFICER—$100 m illion asset eastern Nebraska bank desires seasoned commercial loan officer to manage portfolio. Salary commensurate with experience. Contact 402/727-1100. (PA) INSTALLMENT LOAN OFFICER—Job opening for an ag gressive person w ith at least tw o years o f bank lending ex perience. This job will consist of direct and indirect install ment lending, wholesale flooring, and collections. Send resume to: First Security Bank of Bozeman, P.O. Box 910, Bozeman, MT 59715. (PA) BANK OPERATIONS OFFICER—Job opening for a selfmotivated person w ith a minimum o f 2 years of bank oper ations experience. Applicant must have proven super visory skills, good accounting background, experience w ith governmental reporting, and knowledge of govern ment regulations. Send resume to First Security Bank, P.O. Box 910, Bozeman, MT 59715. (PA) CASHIER—$26 m illion southwestern Minnesota commu nity bank seeks experienced operations officer. Salary open. Send resume to file WBB, c/o Northwestern Banker. _____________________________________ (PA) CEO— For midwestern bank. Agricultural lending experi ence required. Salary open. Send resume to file WBC, c/o Northwestern Banker. (PA) INSURANCE AGENT— Licensed agent needed immediate ly for bank insurance agency jp north central Iowa. Send resume to file WBD, c/o Northwestern Banker, or phone Norm at 515/832-2520. (PA) AGRICULTURAL LOAN OFFICER—for a $25 million north west Iowa county seat bank. Salary commensurate w ith experience. W rite file WBE, c/o Northwestern Banker. (PA) WANTED PERSON/COMPANY TO MAKE SMALL INVESTMENT AND BECOME ACTIVE INVESTOR/OWNER. This business sells machines, computers and systems to finan cial institutions. Business growing. Phone 308/384-5995. __________________________ (PA) POSITIONS AVAILABLE SR. COMMERCIAL LOAN OFFICER: Should have solid loan background and experience for $100MM Oklahoma Bank. Salary $50M plus good benefits. CEO for sm aller southeast Iowa bank. Must be ag-oriented ..........................................................................Salary Open. New Hampton, la. 50659 no answer, 712/779-3567 ■ Massena, Iowa 50853 Ban CAREERS, INC. AG BANKING SPECIALISTS BANK SALES AND PURCHASES EDDIE A. WOLF Eddie Wolf Bank Sales 7202 Maple Drive, Des Moines, la. 50322 Phone: 515/278-2271 Ag Lenders fo major Illinois multi-bank holding company. Opportunities located throughout the state for qualified people.................................................. ............. To $38,000. Strong Number Two Person for $60 m illion in Iowa bank. Must have ag and commercial lending experience............ ..............................................................................Salary Open. Ag Loan Officer for northern Iowa bank, located in topnotch farming area. Required ag degree and proven experi ence ........................................................................to $28,000. Mortgage Lender with some operations experience needed by growth-oriented savings and loan association.............. ..................................................................................to $32,000. $ 6 , 000,000 G.O. Bond & Grant Anticipation Project Notes City of Newton, Iowa Selling: Tuesday, May 15,1984 @ 11:00 A.M., C.T. (Award @ 12:00, Noon, C.T.) City Hall, Newton, Iowa Dated: June 1, 1984 Maturity: June 1, 1987 Callable: June 1, 1986 Legal Opinion: Ahlers, Cooney, Dorweiler, Hay nie, Smith & Allbee. Des Moines, Iowa We are looking for someone w ith 3-5 years of com mercial lending experience to work in our corre spondent bank area. Additional requirements are correspondent banking experience (or extensive AG lending experience) and a college degree with at least 1 year of accounting. For more informa tion phone Mary Nerhaugen 612/341-6579. For further information please contact: PUBLIC = *. FINANCIAL SYSTEMS CORRESPONDENT BANKER F & M MARQUETTE NATIONAL BANK 6th & Marquette Minneapolis, MN 55480 Affirmative Action Employer (PA) I 63 SOUTH 9TH STREET, SUITE 402 MINNEAPOLIS. MINNESOTA SS402 TELEPHONE: (612) 333-9177 FOR SALE 50 BANK MICRO COMPUTER PROGRAMS— Franklin/Apple/IBM PC and others. Overview, Sample Reports, Demo Disk. Send $19.95 to: Bankers Elec. Equip. Inc., 380 N. Wal nut, Grand Island, NE 68801. Phone 308/384-5995. (FS) 1981 DIEBOLD 910 FREE STANDING ATM— Floor model auxiliary printer name display. Under service contract. $18,000. Contact Fred or Dick, Phone 319/353-7111. (FS) POSITION WANTED VICE PRESIDENT of $30 million bank seeking new challenge and opportunities. Presently managing 3.5 m il lion installm ent loan department, as well as other con sumer services w ithin the bank. Send inquiries to file WAX, c/o Northwestern Banker. (PW) 35 year old AVP in $16M bank looking for position in western Iowa. Experience in all areas. All insurance licenses and r.e. brockers license. Phone: 712/337-0240. (PW) BANKING POSITIONS POSITIONS AVAILABLE Metropolitan Areas PERSONAL TRUST ADMINISTRATOR, JD and 3 years experience required, IA and ID, $30’s. COMMERCIAL/INSTL. LOAN - $80MM bank with large con sumer loan portfolio seeks experienced lender to under study senior loan officer. $25,000 BANK MARKETING OFFICER, $160mm bank, IA, $25K. CASHIER ■ $25MM com munity bank. Handle operations, personnel and regulatory reports. Third man position. $25,000 Dept, head in AG LENDER, One of the top 25 U.S. ag lending in stitutions, SD, $25K. AG LOAN OFFICER: Northern Kansas bank of $20MM. 3-5 years experience in ag loan field. Salary $24-30M. CORRESPONDENT BANKER, Ag lending and op erations background, 50% travel, IA, $30K. AG LOAN OFFICER: Nebraska bank. Good community and benefits. Salary $28-35M. CREDIT ANALYST/SUPERVISOR, career path to commercial lender, formal credit training required ID, $25-30K. Above are some recent listings. We are a fee-paid-by-employer employment service. We specialize in banking and related industries. If interested, mail your resume in strict confidence to FINANCIAL PLACEMENTS, P.O. Box 13786, Kansas City, Mo. 64199, or 912 Baltimore, Kansas 'City, Mo. 64105. 816-421-7941. Mike Wall, Manager. Tom Can non, Consultant. Potential President for Chicago suburban bank of $20 million. Must have commercial lending experienceTo $45,000. Write or call in confidence to Cy Kirk or Malcolm Freeland in care of Freeland Financial Service, Inc., 1010 Equitable Building Des Moines, Iowa 50309. Phone (515) 282-6462. Employer pays fee. NOTICE OF SALE OF PROJECT NOTES COMMERCIAL LOAN OFFICER: Should have 2-5 years ex perience, know SBA loans, analyze financial statements and project cash flow. Salary $32-35M plus good benefits. DATA PROCESSING MANAGER: Capable o f setting up IBM computer operation involving several banks. Salary $30-40M. Degree. Data Processing Manager for $95 m illion northern Illinois bank..................................................................... to $35,000. EX VP, AG LENDER w ith operations, career path CEO 2-5 years, rural NE, $30-35K. All inquiries are held confidential. Barbara J. Ritta PROFESSIONAL RECRUITERS, INC 6818 Grover Street Omaha, NE 68106 Phone 402/397-2885 AGRILOAN • senior position in $35MM rural bank. Some experience with commercial credits desired. $35,000 COMMERCIAL LOAN - $60MM suburban bank. Requires three or more yrs. commercial lending experience and good business development skills. $33,000 PRESIDENT • major midwestern holding company seeks experienced CEO w ith strong agricultural loan back ground to manage $45MM affilia te bank. $ Open All inquiries confidential. Resume’ requested. TOM HAGAN & ASSOCIATES P.O. Box 12346 - 2024 Swift North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry Since 1970” Vol. 13 No. 3 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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