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# Vol. 11 No. 28 Des Moines, Iowa November 1,1982 Unified Banking Can Help Restore Nation’s Confidence N HIS final address to members of the American Bankers Associa tion at the 108th annual convention in Atlanta October 19, Lew Jenkins, re tirin g A B A president, stat ed: “ There is nothing intrinsi cally wrong with th e e c o n o m y . It’s a huge, surg ing thing. In lo o k in g dow n the road, I see consumers com L. JENKINS ing back strong into the marketplace. I see increased spending, which will improve the cash flow in the economy. And, I see interest rates coming down—this is already happening. All these condi tions will lead to greater incentives for production—incentives for the guys who own the factories to pro duce more and to hire more people.” Mr. Jenkins repeated that he feels this will be a consumer-led recovery period. He pointed to worldwide de mand and listed some prerequisites “ to make it possible for us to com pete in world markets.” He listed these as: 1. Build the confidence level in institutional stability— especially the Fed. 2. Build con fidence “ that the Social Security system will remain viable, that it will be made sound.” 3. Creation and continuation o f an atmosphere I • • where business can do business, dated the need for ceding certain —getting excessive regulation off points in order to gain others. He ad the back of business. 4. A banking ded, “ think how much more we system that is not only sound, but could have accomplished if we had also flexible. acted with the singleness of purpose Mr. Jenkins said “ The banking that the securities industry and the system is somewhat like a transmis insurance industry displayed.” sion system—keeping it functioning Mr. Jenkins then directed atten smoothly is essential to directing tion to 1983 and beyond, stating the movement of the economy. It that Congressional leaders have pro doesn’t matter how big or powerful mised they will take up the matters the engine; without a transmission advocated by banking leaders, and that transforms that power into for that “ Chairman Gam has established ward motion, you just don’t get clearly and publicly that early next anywhere. year his top priority will be con Mr. Jenkins said in order to keep sideration of these matters.” Recalling Newton’s law that the transmission system moving smoothly, “ we need freedom that Force = Mass X Acceleration, Mr. will help us compete with the unreg Jenkins said Mass is represented by ulated outsiders...If we don’t get the more than 14,000 banks in the these regulatory freedoms, if the nation, and the number of officers banking industry d oesn ’ t pull and staff in all these banks can together, these unregulated out create enough Force to get things siders are going to come along and done. “ But we need to get this in pull off the best parts of our dustry mobilized,” he stressed, “ to business. They’ll be doing this not provide the other element in the only at our expense, but at the ex equation—Acceleration. ” “ To increase Acceleration and, pense of our would-be depositors therefore, increase F o r c e he con and customers.” He referred, then, to the steps tinued, “ we need to work on two taken to date to obtain greater areas: Education and communica freedom for banking and, in partic tion. A B A is the source for banker ular, the recently enacted Garn/St. education...Use the industry ads Germain bill. He acknowledged A B A makes available to all member there were parts of the bill no banker banks (to aid communication). Send liked or wanted, but said the necessi people from your banks out to talk ty for compromise with determined to people in the community, to talk legislators who had the vote man to young people in high schools CALL ON THE “PERFORMANCE TEAM ” where com m on transactions are handled uncom m only well. ■ ■ n i l FIRST NATIONAL LINCOLN • https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 13th & M Street • Lincoln, Nebraska 68501 • Member, F.D.I.C. Bemie Kersey Team w ork: O ne of the reasons we’re first in Iowa. IOWA nesMoines A m NATIONAL BANK Mem ber FDIC about business and about banking... Everything you need for both these areas, education and communica tion, is available through the A BA . I ’ve referred to banking as the transmission system in our econ omy. But, when it comes to getting action on Capitol Hill, the A B A , if you will, also acts as a kind of transmission system. Your associ ation is the mechanism for trans lating the political power of the en tire banking industry into concrete and effective action. “ This effective action won’t come about if we splinter our impact—and the Force of our industry. We need to speak with one voice, and one message.” Mr. Jenkins concluded by stating, “ We need to apply ourselves dil- A SK JE R R Y TR U D O to make MNB work for you. Toll free 1- 800- 332-5991 Merchants National Bank 151 Member F.D.I.C. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A BANKS OF IOWA' BANK Jan Townsend Collections An Affiliate of Northwest Bancorporation Banco Call (515) 245-3131 or toll-free (800) 362-2514 igently to bolster the faith and con fidence in our institutions that will help our country maintain a position of world leadership. “ And, we must move to attain and keep order in the marketplace. It starts right here. ’ ’ □ Iowa News AN D REW : The State Banking Board gave approval last week for Andrew Savings Bank to move to Bellevue, about 12 miles northeast, and retain an office in Andrew. An drew State Bank has about $12 mil lion deposits. Bellevue State Bank has about $18 million deposits. An drew’s population is about 1,100; Bellevue’s is about 2,300. DES MOINES: Robert A. Baudler has recently accepted the position of vice president, commercial loans, at Hawkeye Capital Bank & Trust. His new position will include supervis ing commercial, real estate and agri cultural loans as well as overseeing the compliance and credit depart ments of the bank. Mr. Baudler joined the bank a month ago and has served in several capacities in Hawkeye Bancorporation over the past nine years. F A IR FA X : John L. Krall, 91, died October 10 in Cedar Rapids after a short illness. Mr. Krall was associ ated with several banks in Iowa throughout his life including Com mercial Savings Bank of Iowa City from 1911 to 1919 and Hills Savings Bank from 1919 to 1924, where he served as cashier. In 1924 he was one of the founders o f Fairfax State Savings Bank, where he served as cashier, executive vice president and then president. He was currently serving as an honorary director. Mr. Krall was noted as the second oldest banker in Iowa having served 70 years in banking. KEOKUK: Mrs. Chris (M.L.) Pap pas, 50, died suddenly of a heart at tack October 26, in a Ft. Madison hospital. Mr. Pappas moved from West Des Moines October 1 to join State Central Savings Bank of Keo kuk as executive vice president. Mrs. Pappas was in nearby Donnellson visiting their daughter, Debra L. Kirchner, assistant vice president of Citizens State Bank, when she was stricken Tuesday morning. She was taken immediately to a hospital 10 miles away in Ft. Madison, where she died. Burial services were held last week in East Moline, 111. Nebrasks News A L E X A N D R IA : Bill Apking has announced the sale of the State Bank of Alexandria, which he has been president of since 1971, pend ing final approval of banking reg ulatory agencies. The bank is being purchased by Aurora banker James McBride and associates, and Bob Wolf, who will serve as president of the bank. Mr. W olf had previously worked for Packers National Bank in South Omaha. RUSHVILLE: Richard Otto has joined Stockmen’s National Bank of Rushville as vice president, in addi tion to having purchased an interest in the bank. He previously was with Packers National Bank of Omaha in the correspondence division. Minnesota News The Twin Cities Chapter of the Bank Administration Institute has announced an “ Effective Writing and Procedures” seminar November 18 from 8:30 a.m. to 4:00 p.m. at the S ingle System Banking With A v a ila b ility Availability of funds. . . availability of people. . . responsive to your needs. National Bank of Waterloo Waterloo, Iowa 50704 Member FDIC Phone Bill Rickert at 1-800-772-2411. Supplement to Northwestern Banker Newsletter 11- 1-82 Carleton D. Beh Company Investment Bankers / Financial Consultants 1300 Des Moines Building / Des Moines, Iowa 50309 515 / 288-2152 NEW ISSUE MOODY’S: A1 We own and offer subject to prior sale and change in price and subject to our attorney’s approving opinion: $17,000,000 AMES, IOWA Electric Revenue Bonds, Series 1982 DATED: November 1,1982 DENOMINATION: $5,000 Both principal and semiannual interest (January 1 and July 1; first coupon due July 1,1983) payable at the o f fice of the City Treasurer, Ames, Iowa. IN THE OPINION OF COUNSEL INTEREST ON THESE BONDS IS EXEMPT FROM ALL PRESENT FEDERAL INCOME TAXES. MATURITIES $ 360,000 935,000 $1,030,000 $1,135,000 1,245,000 1,365,000 10.50% January 1, January 1, 10.40% January 1, 10.00% January 1, January 1, January 1, 1987 1988 8.25 8.50 1989 8.75 1990 1991 1992 1,500,000 1,640,000 1,785,000 1,945,000 9.00 9.20 9.40 January January January January 1, 1, 1, 1, 1993 1994 1995 1996 9.60 9.75 9.90 10.00 $2,000,000 10.10% January 1, 1997 10.10 $2,060,000 10.20% January 1, 1998 10.20 ‘ Callable in inverse order on January 1, 1993 at 102.00% declining to 100% on January 1, 1997 LEGALITY TO BE APPROVED BY BELIN, HARRIS, HELMICK & HEARTNEY, ATTORNEYS, DES MOINES, IOWA The City of Ames is located in Central Iowa, approximately thirty-two miles north of the City of Des Moines, the State capital. Incorporated in 1869, the City has experienced steady growth and has become the principal city in Story County. The City occupies an area of 20 square miles and has a population estimated by the City to be 45,775. While the City is adjacent to and is within the economic influence of the Des Moines/Polk County Standard Metropolitan Statistical Area, it maintains a unique cultural and economic identity. Iowa State University, with a fall 1982 enrollment of 24,420 and a staff of over 7,000 is an integral and major part of the community. Ames also serves as a retail center, with a regional shopping center complementing retail and service establishments. The Ames Municipal Electric Light and Power Plant and System was established pursuant to an election in 1896. Since that time the system has been periodically updated within the area of generating capacity and distribution facilities. The System now serves the entire City, as well as certain installations of Iowa State University, either by direct service or by wheeling power generated by the Iowa State University generating facilities. The present service boundary of the Ames Electric Utility covers an area of approximately 19 square miles and includes approximately 12,598 residential customers, 1,498 commercial customers, and 230 industrial customers. The Series 1982 Bonds are being issued to finance the estimated balance of the costs of acquisition and construction of the Project. Pro ceeds will be used to call and retire Electric Revenue Pledge Orders, Series 1981, heretofore issued to provide interim funds to defray the con struction costs. HISTORIC AND CURRENT EARNINGS 1979 1980 1981 1982 Net Revenue Available for Debt Service Debt Service Coverage $4,100,295 5,778,210 6,432,203 7,163,133 $2,569,275 2,989,718 2,981,406 2,947,943 1.60X 1.93X 2.16X 2.43X 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 are based. Bonds of particular maturity may or may not still 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 Hutton & Company Inc. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ■Ää-Vi. IB M ' ! ' II8SÉÉII1 i m J h H | Safe- p a f e g i S “ ;;is a | 1 ■" • , --'te'; : -'-" mÊ■ ■ H I J 1 B fiâw _ ■ ¡H afti W M — 9 And you thought you knew where thé collateral was. Write us today. And get control of your loan collateral. Why run the risk of doing all your usual thorough n n lf lf i T ■ »1. l l A / m. T M V I 1« Il IVA r \TMm paper work and documentation and then find your collateral has gone to market? Without your knowledge. r i l T M T U f l T b U l i i JL i v U i i That’s where Collateral Control comes in. Whether it’s agricultural products, manufactured goods or anything that can be counted — Collateral Control N o w available — com prehensive all n ew collateral managewill help your bank secure working capital loans. ment booklet. Today’s creative lenders are putting together NWB -11-1-82 Sen d me a free copy. more and more loan packages that include a revolving line of credit against receivables and inventory. And N am e Title in the process they’re discovering what some banks institution have known all along. That asset-based lending can be perhaps the most secure form of lending. A ddress See how your bank—with the help of Collateral C ity S tate Zip Control — can grow and profit with asset-based lending. Corporate O ffice Do not assume that you have a situation too Maiito: C O L L A T E R A L 444 Lafayette Road CONTROL difficult to manage. If you can put a fence around it or St. Paul, MN 55101 C O R P O R A T IO N a roof over it, Collateral Control has the service to fit 012/222-7792 your specific need. CORPORATION https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Supplement to Northwestern Banker Newsletter 11-1-82 i https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3 Estate Appraisals Purchase o f Collections BROODS BanW Cotfesp0' R ep tese^ 112(2n -0 6 A 4 Sale o f Rare Coins Reliable and respected service for over 20 years Used by bankers throughout the midwest C O Ü Î« ® * * * Ben E . Marlenee Coins ;*««»«fwc* 913 Locust D es M oin es, Iowa 50309 515-243-8064 Normandy Motor Inn, Minneapolis. Guest speaker for the seminar is Elizabeth Perry, a partner in the communications firm, Berry and Associates. Persons interested in attending should contact Frank N. McKean, M idland N ational Bank, (612) 372-7119. BELLINGHAM: Gary Blahosky, as sistant cashier at State Bank of Bellingham for the past two years, has been named executive vice presi dent and managing officer, replacing Gene Noonan, who vacated the posi tion earlier this year. Brian Haugen has joined the bank as assistant cashier. M INNEAPOLIS: W. James Arm strong, president and chief ex ecutive officer of Northwestern Na tional Bank, has announced plans to relocate the Lincoln branch, present ly located at Hennepin Ave. and Eighth Street, to 1221 Nicollet in the Loring redevelopment area. The bank will occupy 11,000 square feet on the first floor of an eight-story building. The Lincoln branch will continue to operate at its present location until the move to the new facility, which will offer full-service banking and 24-hour instant cash. h f a 1 » \0\N K®*h* ■ LAKE BENTON: James Hella has been named president of the Lake Benton Farmers State Bank. He had previously been employed for the past 11 years at the Twin Valley State Bank, most recently as ex ecutive vice president. SERVING PROFESSIONALLY Banking, Financial & Business Personnel Iowa and Nationwide CAPITAL PERSONNEL SERVICE 714 U.C.B. Building, 515-283-2545 Des Moines, Iowa 50309 Illinois News North Dakota News ROCKFORD: R. Richard Bastian III has been named president and chief executive officer of First Na tional Bank & Trust Company. He succeeds Howard E. Bell, who will remain as chairman but will devote his time to First Community Ban corp, Inc., the multi-bank holding company where he serves as chair man, president and chief executive officer. Mr. Bastian has been serv ing as president and chief executive officer of Republic Bank and Trust Company of Tulsa, Okla. L E H R : Central D akota Bank Holding Company recently received approval from the Federal Reserve Bank of Minneapolis to become a bank holding company through the acquisition of the Central Dakota Bank in Lehr. Wyoming News CHEYENNE: The board of direc tors of First Wyoming Bank, N.A., has announced that Robert T. Noel, president and chief executive officer, has resigned his post to accept a po sition with another banking organi zation. The board also announced that it has elected Daniel B. Claw son, executive vice president of the bank, to be acting president and chief executive officer. He joined the bank in 1980 as vice president and senior loan officer. South Dakota News VERM ILLION: The board of direc tors of First Bank of South Dakota has promoted Vern O. Holter, pre sently vice president and manager of the bank’s community banking cen ter in Vermillion, to the position of president. The announcement was made by Nels E. Turnquist, chair man, who added, “ This promotion reflects an expanded authority for the manager o f a community bank ing center to address the financial needs of the community he serves.” • zdfoCdsx and <zdfi±oaLat£,± c Bank Consultants Specializing in Bank Acquisitions 515-232-0814 P.O. Box 450 405 Main Ames, Iowa 50010 Donald E. Holder , Principal m If you re asking a lot, C |X ( la iV ■ The professionals at United Missouri Bank. 1 1 9 « Giving you what you need, when you need it. w w UNITED MISSOURI BANK of Kansas City, n.a. United we grow.Tbgether. P.O. Box 226, 10th and Grand, Kansas City, Missouri 64141 • (816) 556-7000 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis m S Dick M uir ■ ■ S i Larry Russell à H i Steve Panknin Joyce Chaney Pat Baldwin Thinking about selling your bank? Consult with Homer Jensen or Dick Buenneke Over 50 years’ banking experience No fee to seller 1031 Carriers Building Des Moines, Iowa 50309 Phone: 515-243-7434 POSITION AVAILABLE CEO—$30 million dollar ag bank chain. Eastern Nebraska. Experience required in all phases of banking. Must be ex tremely skilled, competent and likeable. Send resume to file QBV, c/o Northwestern Banker. (PA) TRUST OFFICER—Eastern Iowa location. Salary open depending upon experience. Marketing skills important. Send resume to file RBD, c/o Northwestern Banker. (PA) MANAGING OFFICER—Position open immediately for manager of a $9 million south central Minnesota bank. Phone Dale. Harberts, 507/368-4261 or L.A. Omundson, 605/335-1508. (PA) Aggressive, sales oriented person with some agricultural lending experience to be manager of branch office. Responsibilities to include calling on prospective customers, supervision of branch staff and to be part of management team of a rural eastern Iowa community bank. Must be self-starter and interested in community ac tivities. Salary determined by experience and education. Send resume to file RBE, c/o Northwestern Banker. (PA) POSITION WANTED Single male, age 26, seeks banking opportunity, preferably in midwest. Past experience has been county agent work and manager of paying and receiving bank station. Com plete resume and references will be furnished. Contact Kevin Lipetzky, Box 154, Kensal, North Dakota 58455. (PW) EXPERIENCED accountant/bookkeeper, with proven track record in all phases of office bookkeeping and accountan cy, seeks position with responsibility for all aspects of a business office. Fully experienced in completing and filing on time all federal and state government reports; prepara tion and reports of payroll; handling all aspects of billing and collection of accounts receivable; preparation of P&L statements; compiling and updating year-end inventory and depreciation schedule; maintaining stocks and CDs; converted from NCR 400 to IBM 1130 computer. Planned and reorganized bookkeeping procedures that eliminated all over-time needs. Successful record as accountant and office manager and in supervising business personnel. Husband has moved to Des Moines area for new position. If you want an experienced, happy person to bring ac curacy, neatness and promptness to your accounting and bookkeeping functions, contact file RBH, c/o Northwest ern Banker. (PW) POSITIONS AVAILABLE don Æ chcxiler 17 AND iM u m ASSOCIATES "S u cce ssfu l Banking is Q uality P erson nel" Office Manager for major western Iowa b a nk................... ..................................................................... Salary $25,000 Insurance Manager for major bank in North Dakota. Re quires management experience in larger bank agency . . . ....................................................................... Salary open. Executive V.P. with solid lending experience for $40 million b a n k.............................................................Salaryopen. Correspondent Officer for $2 billion city bank.................. ............................................................... Salary to $40,000 Write or call Malcolm Freeland, Freeland Financial Ser vice, Inc., 1032 Carriers Building, Des Moines, Iowa 50309. Phone 515/282-6462. Employer pays fee. COMMERCIAL LOAN OFFICER Junior Ag. Loan Officer.......................... Salary to $23,000 $85 million Central Minnesota Bank. Candidate should have commercial lending experience with a corporate bank or completed Commercial Bank ing School. Opportunities to grow with the bank. Excellent benefits. Send resume & salary re quirements. Write file RBB, c/o Northwestern Banker. (PA) Commercial Loan Officer......................Salary to $25,000 Vice President Production Credit—Correspondent or na tional accounts background. Ag experience a must. Salary to $42,000 Correspondent Banker..........................Salary to $30,000 Please write or call in confidence to Brad Boe, finance specialist, Management Recruiters, 7625 Metro Boulevard, Suite 350, Minneapolis, Minn. 55435. Phone 612/835-4466. BANKERS AVAILABLE Commercial Lender with eight years of experience in $100 million b a n k ......................................................... $35,000 CPA/Chief Financial Officer of Thrift Institution............... ............................................................. Salary negotiable. Real Estate Executive with 16 years experience in all phases.................................................. Salary negotiable. Bank Examiner with eight years of experience. Strong in loan analysis............................................... Salary $30,000 Auditor/CPA with seven years experience in major banking fir m ...... .................................................. Salary $30,000 Strong Second Man in community bank seeks new oppor tunity ..................................... ....................Salary $32,000 Ag Lender with ag degree and limited experience............. .....................................................................Salary $16,000 Cashier with college degree and four years experience . . . .................................................................... Salary $23,000 SKI THE SUMMIT!!! All positions are in Missouri, Arkansas, Kansas or Oklahoma Ag/Commercial Lender, $40mm, small town to $27,500 Business Coordinator, Multi-Banks, metro to $45,000 Agriculture Lender, $30mm, small town to $28,000 SVP, Commercial Department Head, bank over $200mm to $75,000 President, $50mm, Suburban bank to $55,000 President, $4mm, small town Open Commercial Loan Officer, Prime location Open President, New Charter, resort location to $35,000 #2 Man, $45mm, Suburban bank to $40,000 President, $30mm, population 40,000 Open Correspondent Lender, Commercial Dept., metro to $35,000 Vice President, Commercial/Agri lender, $70mm to $35,000 Eighteen years of banking serving as President of both rural and metropolitan banks enables me to find the right banking environment for you. I assure your confidentiality. Phone or send resume to: Don W. Schooler & Associates, 901 A. West Jackson, Ozark, Missouri 65721. Phone (417) 485-6020 (9a.m. - 5 p.m.). Number Two Person for Nebraska community bank. Re quires knowledge of operations/ag lending...................... ..........................................................Salary to $28,000 Cashier for central Nebraska ba nk.......................... Salary$25,000 POSITIONS AVAILABLE LOAN OFFICER—Some commercial loan experience. $25 million bank in NE Iowa. Write file RBG, c/o Northwestern Banker. (PA) DWAYNE SMITH Paradise Properties, P.O. Box S Dillon, Colorado 80435 Phone toll free 800/922-2590 Cashier for $60 million midwestern bank. Requires minimum of 5 years experience in larger community bank. Lending knowledge h e lp fu l.....................................Salaryopen. Commercial Loan Officer A.V.P............Salary to mid $30’s Aggressive NW Illinois bank has an immediate opening for an AGRICULTURAL LENDER. Must have experience in agricultural lending, farm management, and have an agri cultural degree. Will have some exposure to commercial lending also. Excellent benefits. Salary commensurate to experience. EOE. Send resume to file RBF, c/o North western Banker. (PA) Three-Bedroom and Two-Bedroom, two bath townhomes available for sale or rent. Most have covered hot tubs on the deck. Prices range from $114,000.00 to $119,000.00. Financing available. Contact: POSITIONS AVAILABLE Ag Lenders needed by four northern Iowa community banks. Prefer college degree and minimum of 3 years banking experience.......................................................To$28,000 $99.00 per month will put a single pocket proof machine in your bank. Phone 308/384-5995 for details. (FS) One Three-M Secretary II Photo Copy Machine. Factory re conditioned. Two years old. Model 360 AG. Under maintenance agreement to 8-1-82. $800.000. Call 402/374-2020. (FS) AG LENDING OFFICERS If you would like to use your current expertise in ag lending to develop a career in commodities, please contact: John Kingston R.G. Dickinson & Co. 910 Grand Ave. Des Moines, IA 50308 Phone: (515) 247-8143 (Offices in Iowa, Nebr., Kansas & Colo.) Senior Ag Lender with college degree....... Salary $32,000 Write or call Malcolm Freeland, Freeland Financial Ser vice, Inc., 1032 Carriers Building, Des Moines, Iowa 50309. Phone 515/282-6462. Employer pays fee. POSITIONS AVAILABLE AGRI-LOAN/OPERATIONS—-opportunity for second of ficer position in $20MM rural Iowa bank. Primary duty will be Agri-Loans. $25,000 CASHIER—$30MM community bank within 60 miles of metro-area. Prefer three yrs. or more experience in similar size institution. $25,000 COMMERCIAL LOAN—suburban bank with aggressive loan philosophy. Degree and minimum five yrs. commer cial loan experience. $38,000 SENIOR LOAN OFFICER—all lending areas, including Ag, will report to this position. $60MM community bank. $40,000 SECOND OFFICER—manage loan portfolio for $25MM rural bank. Knowledge of operations helpful. $30,000 AGRI-LOAN—addition to staff of $15MM rural bank. Degree and two-three yrs. experience required. $18,000 Would you trust your money with a sloppily dressed teller? Perhaps your customers feel the same way. We can change that for only $1.00 per teller per day. Æ eA M oek^ CAREER APPAREL ^ 2 ^ N ^ I a ii^ t v C a r r o llJ [a ^ H 0 ^ ^ 7 9 2 -2 7 4 8 j AUDITOR—$50MM suburban bank. Handle all internal audit functions. Accounting degree desired. $20,000 CONTROLLER—serve as chief financial officer for $80MM urban bank. Prefer CPA with bank experience. $40,000 Other career opportunities available for junior and senior officers. Resume' and salary requirements requested. TOM HAGAN & ASSOCIATES of Kansas City 2024 Swift - Box 12346 North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry Since 1970” Vol. 11 No. 28 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, $18.00 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