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November 17,1980 Des Moines, Iowa Voi. 9 No. 30 Washington Gets A Real Shakeup DRAM ATIC turnabout in the A federal government has been effected by the election of Ronald i-+ *“r V Reagan as President of the United States. His resounding defeat of incumbent President Jimmy Carter, with 52 % of the popular vote to only about 41% for Mr. Carter (7% for John Anderson), brought a wave of changes in the makeup of both the United States Senate and House. Those Congressional elections re sulted in these changes: Senate: Republicans now will hold 53 seats, a gain of 13 Senators. Democrats will hold 46 seats. Sen. Harry Byrd (Va.), traditionally a Democrat, has listed himself as an independent. Where the Senate committees previously were split 60% for Democrats and 40% Republicans, they will now be split generally with a one vote margin to Republicans. House: Democrats now hold 245 seats, a loss of 33 Representatives. Republicans moved up from 157 to 190 Representatives. Committees previously were split about 64% Democrat to 36% Republican. That margin now has been trimmed to 56 % vs 44 % . Senate Committees Sen. Howard Baker (Tenn.) will become the majority leader in the Senate. Republicans now will assume the chairmanship of all Senate committees. Several key ones relating to banking and the midwest are: Banking Committee—Sen. Jake Garn (Utah) is scheduled to replace Sen. Wm. Proxmire (Wis.) The 15 person committee is expected to change from a 9-6 split favoring Democrats to an 8-7 Republican dominated split. Democrats had two committee members defeated in the election—Robert Morgan (N .C.) and Donald Stewart (Ala.). Adlai Stevenson III (111.) retired. As a consequence, Democrats will proba bly return six experienced commit teemen to the banking committee, while Republicans will have up to six new members. Finance Committee—Sen. Ro bert Dole (Kans.) is scheduled to replace Russell Long (La.) Sen. Dole, who was defeated in the primaries in his bid for the presidency, becomes a powerful voice in the Senate and the party. Agriculture Committee—Jesse Helms (N.C.) is scheduled to replace Herman Talmadge (Ga.), who was defeated but is protesting the results. Sen. Helms could run a battle with Sen. Percy (111.) for chairmanship of the foreign rela tions committee. House Committees Although Democrats still control the House, the new margin of 56% to 44 % will change the makeup of all committees. It is not known yet whether Rep. Henry Reuss (D., Wis.) will desire to continue as chairman of the House Banking Committee. He could remain, be challenged for the post by another Democrat, or could choose to move to the chairmanship of another committee. Thomas L. Ashley, the second ranking Democrat on the committee, was defeated for re-elec tion. Mr. Reuss was rejected on major legislation this past year by his own committee. Other banking committee mem bers not returning include Rep. John J. Cavanaugh (Nebr.), who chose not to run again and is returning to law practice in Omaha. Rep. Cavanaugh was considered knowledgeable of the financial industry and a friend of the banking industry. James M. Hanley (N.Y.) and William S. Moorhead (Pa.), b oth D em ocrats, retired. One possibility of a new Republican member of the banking committee is FrankH. Murkowski (Alaska), who was elected to his first term in the House. He was president until last May of Alaska National Bank of the North in Fairbanks. Another familiar name to banking CALL ON THE “PERFORM ANCE TEAM ” «Bfl * where common transactions are handled m com m only well. 13th & M Street • https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis illum inili 11 FIRST NATIONAL LINCOLN Lincoln, Nebraska 68501 • Member, F.D.I.C. 2 Grow with a BANKERS’ BANKER Call 1-800-362-1688, toll-free in Iowa Roger Axwood Correspondent Banking Department Bankers ‘n d T r u á Des Moines, Iowa 50304 Member FDIC, Federal Reserve System interests is Patman. Wright Pat man, now deceased, was the powerful Democrat chairman of the b anking committee for many years. His son, William Patman (D., Tex.) was elected to his first term in the House from the 14th District of Texas. Regulators President Reagan will have the prerogative of naming his own chairmen for the FDIC, Federal Home Loan Bank Board and National Credit Union Administra tion. Current chairmen can continue serving out their terms on those boards, if they choose to do so. Comptroller of the Currency John Heim ann holds a five year appointment scheduled to expire in July, 1982. He is a member of the FDIC board, made up of three appointees—two Democrats and one Republican at present. The three directors elect the chairman. Mr. Heimann can continue as Comptroller to complete his term, but it is not known if he will do that or resign. If he continues in thè office, it has been traditional that the Comptroller votes with the wishes of the Secretary of the Treasury. Mr. Heimann is not traditional, so it is not known yet what his move will be. FDIC directors hold six-year terms. Federal Reserve Board Chairman Paul Volcker’ s term runs to August, 1983. https://fraser.stlouisfed.org It appears that key banking Federal Reserve Bank of St. Louis changes will be the Comptroller of the Currency and the Secretary of the Treasury. Names that have surfaced so far for the Treasury job are Charls Walker, a former Deputy Secretary of the Treasury and former executive vice president of the American Bankers Association; W alter W riston , chairm an o f Citibank, New York; Alan Green span, who is President Reagan’s economic advisor, and John Connally of Texas, who held the Treasury post under President Nixon. Another point of key interest to midwestemers will be the office of Secretary of Agriculture and who runs the USD A. One highly touted prospect as Secretry of Agriculture is Clayton Yeutter, president of the Chicago Mercantile Exchange, who is a former Nebraskan and still has farming and livestock interests there. He was also an official at the University of Nebraska. Sen. Dole of Kansas is reported to be opposing any move to nominate Mr. Yeutter because he is identified in his position as being allied with big grain interests, and says he wants a farmer named as Secretary. Legislation One matter of great importance to the banking industry that is pending before the present Congress is H .R. 7548, the Farm Credit Act Amendments, a bill that would dramatically expand the Coopera tive Farm Credit Systems. The A B A strongly opposes the amend ments in the bill’s present form. The Independent Bankers Association of America has voiced support for at least parts of the bill. Whether the present Congress will choose to push the bill further in the limited time remaining is a matter of conjecture, in view of how the election came out. The rump session could consider the bill, return it to committee (as A B A hopes it will), or just table it. Another legislative matter pend- We’re interested in services that give you a lot of help for your money. - ing is the proposed tax cuts. Whether this important legislation will actually be carried out is not known, but prospects of action are not likely for this session, according to Washington observers. The new Congress is ready to consider sweeping tax changes involving personal tax cuts, capital gains relief, depreciation relief, tax incentives for savings, and any thing additional that will spur productivity and, in turn, employ ment and new jo b s. □ Iowa News BURLINGTON: JohnC. Miller has joined the staff of First National Bank as trust officer. He received his law degree with distinction in 1975 from the University of Iowa college of law. * *-*■ DES MOINES: A Public Relations Committee meeting of the Iowa Independent Bankers has been called for Wednesday, November 19, at 4:00 p.m ., in the Board Room of the Des Moines Club (33rd floor of the Ruan Center), 666 Grand Avenue. Dinner following for those Single System with NOW ACCOUNTS Now! Bank Data Processing Professionals National Bank of Waterloo Waterloo, Iowa 50704 Member FDIC t*,r Phone Milt Hennick at 1-800-772-2411. 4** Carleton D. Beh Co. 3 Investment Bankers/Financial Consultants NEW ISSUE SALE DATE: November 12,1980 $7,700,000 ROCHESTER, MINNESOTA MOODY’S: Aaa General Obligation Grant Anticipation Notes of 1980 Dated: November 1,1980 Denomination: $5,000 Both principal and semiannual interest (May 1 and November 1, first coupon due on May 1,1981 ) payable at First National Bank of St. Paul, St. Paul, Minnesota. IN THE OPINION OF COUNSEL INTEREST ON THESE BONDS IS EXEMPT FROM ALL PRESENT FEDERAL INCOMETAXES. MATURITY 7. 75% $7,700,000 May 1,1983* to yield 7.00 * Optional beginning May 1, 1982 and on any interest payment date thereafter at 100%. LEGALITY TO BE APPROVED BY DORSEY, WINDHORST, HANNAFORD, WHITNEY & HALLADAY, ATTORNEYS, ST. PAUL, MINNESOTA The City of Rochester is the fifth largest in the State of Minnesota. The City comprises an area of 18.42 square miles and is located in Olmsted County in southeastern Minnesota, 78 miles south of the Twin Cities of Minneapolis and St. Paul. Rochester is an internationally renowned medical center. The Mayo Clinic and affiliated hospitals constitute the largest industry of the City and provides one of the largest graduate residency programs in the world. Since 1956 when International Business Machines located a large plant within the City industrial manufacturers have grown to approximately 65. Major employers in the City include: IBM Corp; Telex Communications; Associated Milk Producers; Marigold Dairies; G.F. Business Equipment Inc.; Water Instruments; Libby McNeil & Libby; Pace Dairy Foods Co.; Post-Bulletin Co.; Kahler Corporation; St. Mary’s Hospital; Rochester Methodist Hospital; Rochester State Hospital; Olmsted Community Hospital; and the Mayo Clinic. The City continues to grow as a regional retail center. It serves as a primary and secondary shopping center for southern Minnesota, northern Iowa and western Wisconsin. These Notes are. being issued in accordance with Minnesota Statutes, to pay for a portion of an advanced wastewater treatment project. In the opmion of counsel, these Notes are payable primarily from state and federal grants. These notes are also legal and binding general obligations of the City of Rochester, Minnesota, and all taxable property located therein is subject to the levy of sufficient taxes to pay the principal of and interest on the bonds without limit as to rate or amount, should the grants prove insufficient. FINANCIAL STATEMENT Market value taxable property, 1979 Assessed value taxable property, 1979 $942,343,680 265,251,100 Gross direct debt, including this issue Net direct debt, excluding self-supporting Total direct and overlapping debt Population, 1980 estimate: 59,770 * * * 10,825,000 800,000 9,643,441 Gross direct debt per capita: Net direct debt per capita: Total debt per capita: Tax collections have approximated 99.35% of taxes levied for the past five years. We own and offer subject to prior sale and change in price and subject to our attorney’s approving opinion: The information contained herein is not guaranteed, but is derived from sources we deem rel ¡able and is that on which our purchase of these bonds are based Bonds of a particular maturity may or may not stil I 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 Des Moines Building • Des Moines, Iowa 50309 • 515-288-2152 $181.11 13.38 161.34 in attendance. HAM BURG: Dan Boatman, presi dent of the Iowa State Bank, has been elected to a three-year term of the executive council of the Iowa In dependent Bankers Association. EVANSDALE: Glenn E. Riley has been named executive vice president of the Evansdale State Bank. He was formerly with the Union State Bank, Greenfield, and Ankeny State Bank. LONE TREE: Douglas Shanklin has been employed as assistant vice president at Farmers & Merchants Savings Bank. He was previously employed as vice president of Davis County Savings Bank in Bloom field. M ANLY: Manly State Bancshares, Inc., which owns Manly State Bank, is seeking approval of the Iowa state department of banking and the F D IC to purchase controlling interst in the Citizens Savings Bank of Hanlontown. If approved, Citizens Savings would be merged into Manly State and a full service office would be retained at the Hanlontown location. MORNING SUN: Fran McElhinney has been named cashier of Iowa State Bank, according to A1 Eich, president. She has been a bank teller and assistant cashier since 1969. ROCKWELL CITY: Joe E. Hutch inson has been named president ofthe Union State Bank. He was senior vice president of the Laurens State Bank, where he has been associated the last 13 years. Nebraska News CHADRON: The First National Bank has released an architect’s drawing of a proposed new bank building. The structure is to be eight stories high with an exterior of gold reflective glass. First of Chadron Bank Corp. estimates the cost of the building to be about $3 million. LINCOLN: A hearing will be held Tuesday, November 18 at 9:30 a.m. in the office of the Nebraska director of banking on an application to charter First Security Bank of Nebraska in northwest Lincoln near the air base. Heading the list of 68 stockholder applicants is Robert H aseb roock , a form er Omaha Digitized forbanker. FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis LINCOLN: American Charter Fed eral Savings & Loan, which headquarters in Beatrice and has offices here and in other Nebraska communities, announced last week it plans to acquire Omaha Federal Savings & Loan and Nebraska Federal Savings & Loan, also of Omaha. American Charter formerly was known as State Federal S&L. It has $520 million assets as of the June 30 report. Nebraska Federal had $343 million assets and Omaha Federal had $115 million assets. The merger would make American Charter the third largest S&L in the state, w ith about $1 billion combined assets. It would rank behind Commercial Federal of Omaha and First Federal of Lincoln. Both of those S&Ls exceed $1 billion assets. LOUP CITY: Clarence H. Ryan, 90, died at Sacred Heart Hospital recently. He was active in the Loup City banking business from 1913 until his retirement in 1968. Minnesota News AUSTIN: Allyn C. Martinson, president of the Northwestern State Bank, announced the election of Jeffrey F. B urzinski as vice president of commercial lending and loan administration. BLOOMING PRAIRIE: The First National Bank held an open house recently to celebrate the publication of the bank’s history of Blooming Prairie, a book entitled “ Blooming Prairie Update.” The public also had the opportunity to view the recent remodeling of the agricultur al department of the bank. FERGUS FALLS: Three have received promotions recently at Northwestern National Bank. Bev erly Hoxie was named assistant vice president, real estate loans, by the board. She has served in various capacities at the bank, including control officer and real estate officer. Richard Drevlow, who has been agricultural loan officer since 1977, was named assistant vice president, agricultural loans. David Alberts, who joined the bank last November under the bank manage ment training program, was named personal loan officer. GRACEVILLE: John Malmberg, president, First State Bank, has Bankers Service LOAN ACTIVITY BULLETIN Who: names of all debtors in the county recorded during the period What: name of secured party When: the date the loan was filed with the Secretary of State Where: location where loan made FAST SERVICE announced that agreements have been signed to transfer the ownership of the First State Bank to Lloyd Amundson of Sioux Falls, S TV MINNEAPOLIS: F & M Savings Bank promoted the following to vice president: James Fischer, manager of electronic data processing; Dale Jorgensen, manager of depositor services; Michael Kukielka, mana ger of permanent income loans and Edw ard S chultz, m anager o f government relations. M IN N E A P O L IS : N orthw estern National Bank has received approv al from Mexican authorities to open a representative office in Mexico City. With that approval, North western becomes the first bank in the Ninth Federal Reserve District to establish a facility in that country. ST. PAUL: Norbert R. Lewandowski, assistant vice president of Liberty State Bank, died recently following a long illness. ST. PAUL: The board of North western National Bank has an nounced the election o f Charles H. Robbins to the position of assistant vice president and manager of the corporate trust services. M r. Robbins is a graduate of the University o f Minnesota and holds a masters of business administration degree from Mankato State Univer sity. 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D Interchangeable, fully-formed character sets D One to 99-line selectable form feed D Choice o f fabric or multi-strike “carbon” ribbons D Line Drawing Option allows operator to make exact copies o f source docu ments on the screen reducing operator training time and decreasing operator errors COMMUNICATIONS □ Software Programmed Terminal Emulators □ IBM 2770, 2780, 3780 D TW X, Telex, Async D D D □ Operator Selectable Options D Task Sequence Processor D Formatted Report Printer □ Auto Answer and Disconnect It gives you a cleaner input and higher throughput with features like a 9 x 12 dot matrix for sharp, clear, well-formed charac ters, and one-touch keys for editing, updat ing, rewriting and changing. 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ASK JERRY TRUDO to make MNB work for you. Toll free the First State Bank . The new 4,500 5 square foot structure, located at the comer of Maple and First Avenue East, served refreshments and conducted tours. Illinois News The first annual bank directors seminar sponsored by the Illinois Bankers Association is scheduled for December 3 at the Sheraton Oak SIOUX FALLS: John S. Fiddes Brook and for December 4 at the (Jack), former vice president and Springfield Hilton. The program personnel director at Northwestern will be identical in both locations National Bank, died recently. and will include presentations by Dr. Paul Nadler, professor of SIOUX FALLS: Citicorp Credit finance, Rutgers University and Card Center has temporary quarters Delbert Gardner, director of the in the Western State Bank bldg., P ontiac N ational Bank. Bank with 40 employees. A new building directors interested in attending is under construction, and the staff seminars at either location should will be expanded after its comple call 312-984-1510 for registration tion. information. 1- 800 - 332-5991 SIOUX FALLS: C.P. “ Buck” Moore, president, Northwestern National Bank, has announced the following promotions: Leonard S. D ankey was named assistant ,manager at Westwood Branch. Mr. Dankey joined Northwestern in Member F.D.I.C. A BANKS OF IOWA’ BANK 1978 as a management trainee. Bonita K. Kempel was elected assistant manager, Marion Road W ASECA: Glenn Thompson, presi branch. She joined the bank in 1972. dent of First State Bank, recently Rose Mary E. Vortherms was announced two staff changes. Roger named commercial loan officer, H ollerud has been appointed downtown branch. She has been a assistant vice president. He joined credit officer for the downtown First State Bank as an assistant branch since 1975. Robert S. cashier in 1978. Michael J. Ryan has Dempster was named credit/comjoined the staff as a management pliance officer. He joined North trainee in the instalment loan western in 1973 as a management trainee. Mark C. Lovre was elected department. mortgage personal loan officer at WAUBUN: The Federal Reserve the Brookings branch, Mr. Lovre Bank of Minneapolis has announced joined Northwestern in 1975 in the its approval of the application by operations department.Curtis H. W aubun Bancshares, In c ., to Alberty was named assistant vice become a bank holding company p resid en t/a g -loa n s, S tock yards through the acquisition of the branch. He has been with the bank Farmers State Bank of Waubun, since 1962. Eric Hohman was Inc. named personal loan representative, Westwood branch. Mr. Hohman joined Northwestern in 1978 as a South Dakota News summer intern. Vicki P. Ripley The South D akota Bankers was named mortgage/personal loan Association 1980 Bank Manage representative, M arion R oad ment Conference will convene on branch. In 1979 Ms. Ripley became Thursday, December 4, at the Kings a management trainee, downtown Inn in Pierre. Registration will branch. Marlys A . Harstad was begin at 9:00 a.m. with the program named ag/personal loan representa begin n in g at 9:30 a.m . The tive, Stockyards branch. She joined registration fee is $40 per registrant the bank in 1978 as a management and includes the luncheon and trainee. reception. The program will include “ Retail Delivery Systems of the SISSETON: Nearly 1800 persons 80’s ,” “ Managing Bank Resources appeared for the grand opening of https://fraser.stlouisfed.org Merchants A National Bank 151 Federal Reserve Bank of St. Louis North Dakota News MOORHEAD: Terry W . Anderson has been promoted to assistant vice president of the commercial loan department at First National Bank, according to Douglas M. Johnson, president. Mr. Anderson joined the staff in April as a commercial loan officer. RUGBY: Harold Holte has been named vice president of Merchants National Bank. He was formerly vice president of First Bank, Grand Forks. its approval o f the application by Western Development, Inc., to become a bank holding company through the acquisition of the Western Bank of Bozeman. Wyoming News CHEYENNE: Bev Overly has been named assistant cashier at W yo ming State Bank, Auburn Dowdy, president, has announced. A native of England, Ms. Overly has more than five years experience in the banking industry. CHEYENNE: Ralph Owen, presi dent of First W yoming Bank-North Cheyenne, announced the promo tion of Randy Dancliff to senior vice president. Mr. Dancliff has been with the bank since 1973, starting in the instalment loan area. W ANT ADS Rates 50 cents per word per insertion. Ad $2 for file numbers. Identity of file number advertisers cannot be revealed. Payment in advance, please. NORTHWESTERN BANKER 306-15th St. Des Moines, Iowa 50309 PARTIAL LIST OF AVAILABLE POSITIONS POSITION WANTED Graduate from American Institute of Business with an Associate of Specialized Business Degree in Computer Programming and Accounting Major seeks banking . position. Can relocate. W rite Bradley Campbell, 202 East Main, Waukon, IA 52172. (PW) LENDING— Rural Iowa bank. Handle instalment loans and collections. Also do some ag lending. Must be able to work on own. $15,000 BANKERS AVAILABLE VP— Be responsible for entire loan portfolio of small ag bank. Must know lending regs. Lending is the key to this spot, other bank experience a plus. $16,000. CEO with solid tending and administrative background.............................................................. $48,000 OPERATIONS— South Dakota bank needs operations officer. Supervise bookkeepers and tellers. W ill handle all reports. $17,000. CEO with ag lending background........................$35,000 Instalment Loan O ffic e r .......................................$22,000 W rite or call Malcolm Freeland, Freeland Financial Service, Inc., 306 - 15th Street, Des Moines, IA 50309. Phone (515) 244-8163. Employer pays fee._______(PW) FOR SALE OR LEASE SALE OR LEASE Modular bank buildings: 12’x56’ mobile 14’x50’ wood with two DUW’s, 24’x60’ wood modular. Fully equipped wood permanent buildings (up to 3000s.f.). Occupy within 45 days. Over 300 installations. SON CORPORATION, Box 684, Wichita, KS 67201. Phone (316)942-8167 collect._______________________ (SorL) OPERATIONS— Assistant to operations officer in large Iowa bank. Must have operations experience, be aggressive and prospect-oriented. W ill supervise 15. $23,000. EVP— #2 position in Minnesota bank. Lending is com mercial with some ag. Must have experience in all areas. Equity potential for right person. $28,000. TRUST OFFICER— Iowa bank is establishing new de partment. Must be experienced in trust area and be able to set up a department. $26,000. AG LENDER— Real opportunity for person with 24years experience. W ill do ail ag lending for east Iowa bank. Bank wants person that can make decisions and operate on own initiative. $22,000. ALL FEES COMPANY PAID Bank Oivision ROBERT HALF FOR LEASE Mobile bank unit 12’x60’. Complete banking equipment, two teller stations, two round door safes, private office off lobby. Available now. Drommer Leasing, 401 Queens Court, Sioux City, Iowa 51104. ____________________ (£ U Phone 712-239-2315. Free standing portable drive-up window unit. Complete, heat, air conditioned, 8’x12’. Available now. Drommer Leasing, 401 Queens Court, Sioux City, Iowa51104. Phone712-239-2315. ______(FS) of Iowa, Inc 317 6th Ave Des Moines. IA 50309 (515) 244-4414 ALL FEES COMPANY PAID AG BANKING CAREERS AG LENDING OFFICER. . .Iowa .............$20-26,000 AG LOAN & OPERATIONS OFFICER. . .Iowa. . . ................................ $ 20-$ 28,000 PROFESSIONAL FARM MANAGER. . .Illinois. . . ........................................$ 20 - 22,000 WANT TO BUY CEO. . .I o w a ...................................................$30-35,000 Burroughs C6453 Financial Calculator. Contact Joy State Bank, Joy, Illinois. Phone309-584-4146. (WTB) AG LENDING REP. . .I o w a ................................ $20,000 Since 1968, banks and other ag related employers have been paying us to find the personnel they need. BANKERS PARTICIPATING POSITION AVAILABLE C E O -Im m e d ia te o p en ing fo r an o ffic e r w ith experience in agricultural and commercial loans for $15 million community bank. Reply by Resume in confidence to EASTERN ILLINOIS TRUST& SAVINGS BANK, P.O. B ox“CC” , Momence, Illinois60954. (PA) AG LOAN OFFICER— 3-5 years ag loan experience. D egree p referred. S alary com m e n s u ra te w ith experience. Excellent benefits, bonus program. Phone Billings, Montana, 406/248-1860.________ (PA) Commercial Loan Person, with minimum three years experience, for major Iowa bank. $23,000-$25,000 Operations Officer, with 3-5 years experience, for $30 million Iowa bank. Second Person for community bank in Iowa. Must have all-around banking experience. $25,000 4Marketing Officer with bank background to head de partment for $60 m illion bank. $23,000-$25,000 LeasePlan.Inc. 5 45 - 31st Street Des M oines. Io w a 50312 R. L. “ DICK” SELLON Loan Officer— Central Illinois bank seeking individual for lending responsibilities, primarily consumer and ag lending. Would be part of management team. Operations experience helpful, but not necessary. Send resume and salary requirements to file KBZ, c l o Northwestern Banker._____________________ (PA) Aggresive junior loan officer for $22 million bank in central Nebraska town of 30,000. Salary open dep en d in g on e xp e rie n c e . Som e c o m p lia n c e experience helpful. Call Bill Marshall or Jon Luebs at 308/384-5350. (PA) m J AGRICULTURAL (51.5) 394-3145 FOR SALE Series L-9000 Burroughs electronic billing computer. Ideal for trust department accounting and billing. Under maintenance contract. $7,500. Write file LBN, C / O NORTHWESTERN BANKER._______________ (FS) NCR Mag Ledger Machine. Phone 319-728-2226. (FS) FOR SALE Burroughs TT-101 on-line, off-line, electronic teller machines. $1895. Burroughs TR-102 electronic Upgradable to on-line. $995. teller machines. NCR 152-70 teller machines. Completely recondi tioned. Guaranteed. $495. NCR 775 proof machine. Maintenance will transfer. ______________Cal I (214) 757-7760______________ (FS) 12’x40’ mobile home converted for use as temporary banking facility. Night drop and drive-up window installed; good teller counter; furnace with central air; available immediately. ALSO, 6’x9’ remote drive-up building with heat and air conditioning. Call (319) 291 -5429 or (319) 291 -5468.____________________ (FS) SERVING PROFESSIONALLY ¿J4o[d.£X and. c ^ a o c i a t z i Banking, Financial & Business Personnel Iowa and Nationwide Bank Consultants CAPITAL PERSONNEL SERVICE aari CAREERS, INC PERSONNEL RECRUITERS New Hampton, IA 50659 POSITIONS AVAILABLE Ag Representative $20,000-$22,000 W rite or call Malcolm Freeland, Freeland Financial Service, Inc., 306 - 15th Street, Des Moines, IA 50309. Phone (515) 244-8163. Employer pays fee._______ (PA) For more information, give Linda (our banking special ist) a call today. Specializing in Bank Acquisitions 515-232-0814 P.O. Box 450 405 Main Ames. Iowa 50010 INSTALLMENT LOAN— Opportunity to head growing dept, in $40MM Rocky Mountain bank. Must have in direct as well as direct lending experience. . . $23,000 ADMINISTRATIVE O FFICER— Second position in $40MM bank with chance to advance to number one spot. Need strong background in operations and de sire to be involved in community activities. . $32,000 M A R K E T IN G /O P E R T IO N S — Main responsibility will be supervision of deposit services. Must have supervisory experience and some banking back ground.......................................................................$25,000 SENIOR LOAN O FFICER— $100MM bank with grow ing advancement possibilities. Should possess strong commercial loan experience and working knowledge of agri credits...................................... $35,000 JUNIOR OFFICER— Career opportunity with growing Iowa suburban bank. Prefer degree and some expo sure to consumer lending......................................$15,000 COMMERCIAL LOAN— Rocky Mountain area bank seeks addition to their staff. Position requires 2-3 years of commercial lending experience. . . . $25,000 AG LENDING— Prefer large bank experience and de gree in agri business. Some travel involved. . $25,000 COMMERCIAL LOAN— Major midwestern bank seeks strong commercial lender with expertise in mining credits....................................................................... $28,000 All inquires held in confidence. Salary history and resume requested. TOM HAGAN & ASSOCIATES of Kansas City 2024 Swift / P.O. Box 12346 714 Central National Bldg. 515-283-2545 North Kansas City, Missouri 64116 D onald E. H older , Principal ___________________ ____________________________________________________ Phone (816) 474-6874___________ ___ Dea Moines,_________________________ Iowa 50309 Vol. 9 No. 30 Northwestern Banker Newsletter [USPS 873-300] is published weekly by the Northwestern Banker Company, 306 Fifteenth Street, Des Moines, Iowa 50309. Subscriptions 25 cents per copy, $8.00 per year. Second class postage paid at Des Moines, Iowa. Address all mail subscriptions, changes of address [Form 3579], manuscripts, mall items to above address. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
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