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À * k k 4 t A > > Propose Branch Banking Stud A group of 17 prominent Min nesota bankers has signed a letter mailed November 1 to every Minnesota bank asking for a study of the potential ef fect of branch banking in Minne sota and a study of the situa tion in other states. The group is made up of a number of past presidents, ex ecutive councilmen and several current council members of the Minnesota Bankers Association, but the group is acting inde pendently of the MBA and is not affiliated with the assocition in this separate action. The letter requests an opin ion from Minnesota bankers on whether such a study should be undertaken and asks that any responses be directed to Wayne Blackmarr, president, Wayzata State Bank, Wayzata, Minnesota 55391- The letter states that in view of many changes in the industry, this might be the time to conduct such a study with the following six points in mind: 1. Changes in branching laws in other states. 2. Increased pressure on the state legislature in 1969 for mutual savings banks branching privileges. 3. Tremendous growth of S&L’ s through branching. 4. Possibility of loan produc tion offices through the Federal Reserve System. 5. Rapid growth of P C A ’ s, credit unions and other finan cial institutions. 6. Economic pressure on small communities. Those signing the letter were: R. J. Hubbell, president, Eastern Heights State Bank, St. Paul; Wayne Blackmarr, pres ident, Wayzata State Bank, Way zata; D. H. Gregerson, pres ident, First National Bank, Anoka; Ora G. Jones, Jr., pres ident, Goodhue County National Bank, RedWing; George A. V olz, president, Farmers & Merchants State Bank, New Ulm; Don Har rington, president, First Nation al Bank, Plainview; John Carlander, chairman of the board, State Bank of Faribault, Fari bault; George A. H. Olson, pres ident, First State Bank, Braham; Gene A. Beito, president, North ern State Bank, Thief River F a lls; R. F . Foley, president, Citizens State Bank, Roseau; Harold L. Hanson, president, First National Bank, Baudette; K. 0 . Sattre, chairman of the board, Blue Earth State Bank, Blue Earth; R. C. Nelson, pres ident, Northwestern State Bank, Hallock; W. A. Garratt, pres ident, Farmers and Merchants State Bank, Preston; G. A. Uggen, president, Peoples State Bank, W ells; John Chisholm, president, Olmsted County Bank and Trust Company, Rochester; 0 . B. Rekow, executive vice president, First National Bank, Montevideo. LATE NEWS MINNEAPOLIS: On November 2, the Marquette National Bank be came the first major downtown bank to remain open on Satur days. Saturday hours are from 9 a.m. to 3:30 p.m. ST. PAU L: An application for a new bank to be called First Mid America National Bank, to be located in suburban Cottage Grove, has been filed with the regional office of the Comptrol ler of the Currency. Heading the list of applicants is Dave Shern, executive vice president, Valley National Bank of Eagan Township, St. Paul. For Full Correspondent Banking Service W e're as near as your phone Jay Bordewick https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Everett B ro w n CALLi°l 341-8765 MEMBER FEDERAL DEPOSIT INSURANCE CORPORATION We're here to help you get what you want IOWA-DES MOINES NATIONAL BAN K George Har nage 1 Member Federal D e po s i t Insurance Corporation There are so many ways we can help you That's why over half the banks in Iowa are — MNB correspondents Peter Bailey Assistant Vice President MERCHANTS NATIONAL BANK C e d a r Rapids, Iowa 52401 Member FDIC The M l service bank for the banks of lewa IOWA NEWS BETTENDORF: Donald E. Poppen, operational supervisor for the First National Bank, Fort Dodge, has been named cashier of the Security State Trust and Savings Bank. DES MOINES: An application by Bankers Trust Company for a parking lot office in the Eastgate Shopping Center here has been denied by the Iowa Banking Board. DUBUQUE: A parking lot office was approved for the Key City Bank and Trust Company at 2600 Dodge Street in the Plaza 20 Shop ping area, su bject to the bank’ s move from Epworth, Iowa. Approval was made by the Iowa Banking Board. EAGLE GROVE: Open house will be held Thursday, November 14, at the Security Savings Bank in its newly remodeled banking quarters. FOREST CITY: An application to move the Manufacturers Bank and Trust Company from Crystal Lake to Forest City has been approved by the Iowa Banking Board, sub je c t to FDIC approval. An office will be maintained in Crystal Lake. FORT DODGE: The Iowa Banking Board has approved an o ffice for the Union Trust and Savings Bank at Duncombe, Iowa. HALBUR: R. J. Heinen, 83, died recently in St. Joseph Hospital, Omaha. He was president of the Farmers Savings Bank here. HUMBOLDT: W. G. Stewart , v ice president and cashier of the First National Bank, has resigned, e f fective November 15, to become v ice president of the First State Bank at Webster City. Mr. Stewart has been associated with the bank for over 14 years. LE CLAIRE: Open house will be held by the Le Claire State Bank in its new building on Thursday, November 14. MT. VERNON: Jay A. Fordyce has Tom Horn John Diefendorf Gene Hagen T hese m e n b rin g th e S e c u rity N a tio n a l B a n k to th eir co rre sp o n d en ts . It's strictly a m a t t e r o t S e c u r it y 's p e rs o n a l s e rvic e. S e r v ic e to r an y b a n k in g n e e d or p ro b le m . SECURITY NATIONAL BANK 6TH AND PIERCE STREETS • SIOUX CITY https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis been elected president o f the Mount Vernon Bank and Trust Com pany, and Leoral C. Evans has been named a director. They su c ceed the late Dr. Roy A. Nelson, who was president and a member of the board. Mr. Fordyce has been associated with the bank since 1935, most recently as vice president. Mr. Evans joined the bank in 1953 and has been serving as cashier. NEBRASKA NEWS GRAND ISLAND: Glenn E. Kidder, formerly employed by the Depart ment of Banking in Nebraska as an examiner, has joined the Equi table Building and Loan A s s o c i ation here as controller and head of the computer department. HALL AM: Fred Carsten, president of the Hallam State Bank, has died at the age of 87. Mr. Carsten began his banking career at the Hallam State Bank at the age of 13. HARRISON: VemardMarsteller, 74, retired president of the Sioux Na tional Bank, died recently. Mr. Marsteller began work at the bank in 1945 and retired as president in 1962. JOHNSON: Roy Casey has died at the age of 75. He was a former vice president and director of the First National Bank here. MONROE: Lee K. Harris has been named v ice president at the Bank of Monroe. Janice Ziegler has been promoted from assistant cash ier to cashier, and Jean Carsten son has been named assistant cashier. ST. PAUL: Stan Edwards has been elected vice president and cashier of the Citizens National Bank, to fill the vacancy created by the retirement of Virgil Welsh. SIDNEY: L eo Krieger, president of the Sidney National Bank, has resigned to become president of the Otoe County National Bank in Nebraska City. He has been with the bank 14 years. Robert Conrad, who purchased controlling interest in the Sidney bank last summer, will assume the presidency of the bank, as well as remaining chair man <->f the board. MINNESOTA NEWS AUSTIN: Charles L . Wilson has been named a director at the First National Bank of Austin. He is president of the Austin Coca-Cola Company. The bank recently c e le brated its 100th anniversary. L IN C O L N ...Experts in Mortgage Loans FIRST NATIONAL BANK SlTRUST COMPANY OF LINCOLN 12th & N S t r e e t • L IN C O L N , N E B R A S K A • M em ber: F .D .I.C . y T •* 4 * i*. BIWABIK: Mrs. Louise Nisen, pres ident of the Biwabik State Bank, has recently completed 50 years in the banking business. Mrs. Nisen is the first 50-year woman banker in Minnesota and also the first woman in the state to orga nize a bank. GRAND MEADOW: The First State Bank will hold an open house to celebrate the bank’s 30th anniver sary on November 16. The interior of the bank has been completely remodeled, with new signs in stalled on the exterior of the building. GREEN ISLE: Controlling interest in the Citizens State Bank of Green Isle has been purchased by Cutler Corporation of Minneapolis from Equity Capital Corporation, Minneapolis. MADISON: M. A. Anderson, pres ident of the State Bank of Madison, has died at the age of 67. MINNEAPOLIS: Neil W. Peterson has been elected assistant cashier of Fidelity Bank and Trust Com pany. He has been with the bank since April, 1968NORTH BRANCH: Richard P. Lucivansky o f Almena, Wis., has been elected assistant cashier of the Merchants State Bank of North Branch. He has been manager and assistant cashier of the Almena office of the Northwestern State Bank of Cumberland, Wis.. ■4 > & > WINONA: S. J. Kryzsko, president of the Winona National and Savings Bank, has been elected chairman of the Development Council for Minnesota State C olleges. Mr. Kryzsko served as State C ollege Board president from 1957 to 1961, and the Winona State C ollege stu dent union, Kryzsko Commons and College Center, is named after him. Dennis L. Nelson, formerly as sociated with Drovers State Bank, South St. Paul, Minn., has been named assistant cashier in the bank’ s installment loan department. WORTHINGTON: Duane S. Amund son, who has served as executive vice president and director of the State Bank of Worthington, has resigned because of health rea sons. Lloyd A. Amundson, brother https://fraser.stlouisfed.org » Federal Reserve Bank of St. Louis of Duane, has been named pres ident of the bank. He has been a director of the bank and has headed up its realty and insurance services the past seven years. a BURGLAR ALARM S Banks, Holdup Cameras SOUTH DAKOTA NEWS PIERRE: Coment Haraldson, for mer co-owner of the radio station KCCR in Pierre, has joined the Pierre National Bank. He will be in charge of the promotion and implementation of the Bank Americard program in the area. RAPID CITY: Craig H. Johnson has been elected assistant cash ier at the First National Bank of the Black H ills. He joined the controller’ s department at the bank in January, 1968. SIOUX FALLS: Owen D. Noteboom has been elected assistant vice president and manager of the timepay department at the National Bank o f South Dakota. He has been with the bank sin ce July, 1957. NORTH DAKOTA NEWS BISMARCK: The North Dakota Bankers A ssociation ’ s 7th annual Agricultural Credit Conference will be held December 5—6 at the H oli day Inn here. BISMARCK: Lloyd K. Everson, president and director of the Northern National L ife Insurance Company o f Bismarck, has been elected a director at the Dakota National Bank. ILLINO IS NEWS CHICAGO: Robert K. Wilmouth, senior v ice president at the First National Bank of Chicago, has been placed in 'charge of the bank’ s staff services, and Clarke Telephone 515 / 262—8209 2905 Delaware Ave. Des Moines. Iowa C. Stayman, v ice president, has been named to head the bank’ s retail services. Richard E. Wilier will succeed Mr. Staymen as vice president in charge of division E, and, effective January 1, William J. Korsvik, vice president and economist, will become adminis trative assistant to Gaylord A. Freeman, Jr., vice chairman. CHICAGO: George H. Dempesy has been appointed executive vice president of Carobus and Freder icks, Inc. He was formerly direc tor of public relations and adver tising for American National Bank and Trust Company here. ELMHURST: Everett F. Seegers has been named senior vice pres ident at the Elmhurst National Bank. He will continue as secre tary to the bank’ s board of direc tors. Arthur Plass has been named senior v ice president. Lourie T. Batt has been named vice pres ident and cashier and Burton H. Brodt has been named comptroller. LA GRANGE: Frank I. Andrews has joined La Grange State Bank as public relations director. He was formerly associated with the First National Bank of Evergreen Park as public relations director. YOUR STATE BANKERS ASSOCIATION OFFICIAL SAFE. VAULT AND TIMELOCK EXPERTS F. E. DAVENPORT & CO OMAHA For Decisive Action R ely on N B C for all your correspondent needs. Member FDIC National Bank of Com m erce Main Bank 13th & O S ts. / Patio O ffice lOth 4 O Sts. /Lincoln, N ebraska T L. *■ L URBANA: The Illinois Bankers A ssociation will hold its 23rd an nual Bank Management Conference at the University of Illinois here on November 13—14. Predovich, Pueblo attorney; Mahlon T. White, southern Colorado banker. W. C. Kurtz and James A. Woods were made honorary direc tors. COLORADO NEWS F T . COLLINS: The Poudre Valley National Bank observed its 90th anniversary on November 8. DENVER: The following appoint ments have been announced to the boards of directors of the First National Bancorporation, Inc., and the First National Bank of Denver. The Bancorporation board was increased from 15 to 20 members by the election of E. B. C lose, Jr., Bancorporation secretary; John. Evans, Jr., Denver investment executive; Frederick M. Farrar, Colorado Springs and Pueblo bank er; Samuel T. Jones, Jr., Pueblo businessman; John M. King, Denver financier, William M. White, Jr., Denver and New York business man. Six vacancies were created by the expansion and recent resignation of John Evans, Sr. Four new directors were named to the bank’ s 25-member board. They are: John Evans, Jr., King; Walter J. CENTRAL NATIONAL BANK WANT ADS Rates 25 cents per word per insertion. Minimum: 12 words. NORTHWESTERN BANKER 306 15th St., Des Moines, Iowa WANT TO BUY B ell & Howell Microfilmer which is under maintenance contract. Give full details in first letter. Write File HMB, in care of the NORTHWESTERN BANKER, 306 15th St., Des Moines, Iowa 50309. FOR SALE Factory rebuilt Model 1900 ad dressograph used 2y2 years under maintenance contract. Reason for sellin g, converted to computerized bookkeeping. The First National Bank, Humboldt, Iowa. AND TRUST M e m b e r F e d e ra l D e p o s it In s u ra n c e C o rp o ra tio n COMPANY feeder. Qualified for maintenance contract with Addressograph Cor poration. Contact John F. Joseph, First National Bank in Sioux City, Sioux City, Iowa. Telephone (area code 712) 277-1500. OKLAHOMA BOUND Cy Kirk and Max R oy, v ice pres idents of the La Salle National Bank, Chicago, know the impor tance of agricultural credit to the bankers o f the middlewest. That’ s why they are attending the 17th annual ABA Agricultural Credit Conference in Oklahoma City this week. See Cy and Max there—or ca ll Cy in Chicago at Area Code 312 STate 2—5200 or Max in Iowa City at Area Code 319 /3 3 8 —5224. WANTED Capable man qualified to assume responsibility for expansion of established insurance agency to be located in new bank building. Salary plus commission. Personal and mail inquiries invited and kept confidential. Blue Earth State Agency, Inc., Blue Earth, Minne sota 56013. EXCEPTIONAL OPPORTUNITY Second man in $11 to $12 million bank in one of Iowa’s finest com munities. Must have 10 to 15 years of varied lending experience with excellent background in commer cial lending. All replies held con fidential. Excellent facilities. Sal ary open. Position available im mediately. Send resume to this file. Our officers are aware of this ad. Write File LIB, in care of the NORTHWESTERN BANKER, 306 15th St., Des Moines, Iowa 50309. No. 1128 Northwestern Banker is published five times monthly by the Northwestern Banker Company, 306 Fifteenth Street, Des Moines, Iowa 50309. Subscriptions 50^ per copy, $6 per year. Second cla ss postage paid at Des Moines, Iowa. Address all mail subscriptions, changes o f address (Form 3579), manuscripts, mail items to above address. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A J r. -C * * &
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