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Vol. 10 No. 28 Des Moines, Iowa November2,1981 M A B S C O to O ffer M ember Banks an M M F ID-AM ERICA Bankers Service Co., Inc., a consortium of midwestem state bankers associa tions, announced October 8 it has reached tentative agreement with the Fidelity group of Boston to offer a program through banks in the 13-state MABSCO area which will include investment of balances in a bankers money market fund. A MABSCO spokesman said Fidelity was selected after a thorough investigation of two top national money market fund management companies by Touche Ross & Co. Fidelity, it was reported, offered MABSCO a “ private label” fund which would allow individual banks to package and market the service as their own, while also providing through the fund a highly competi tive rate to be paid to customers. Under the proposal accepted by the MABSCO board during the Ameri can Bankers Association convention in San Francisco, Fidelity will commence work immediately on developing the fund for registration with the Securities & Exchange Commission. Simultaneously, work will commence on the operational considerations of marketing and delivering the new program to banks who are members of the 13-state bankers associations which own MABSCO. MABSCO began research on the M offering of a money market fund for commercial banks last December. Objectives of the research centered on the need for banks to enhance existing customer relationships, prevent further attribution of cus tomers to money market funds offered by the nation’s brokerage firms, and to recover customers lost to these funds in recent months. Work also has centered on “ recycling” money market fund dollars back into member banks certificates of deposit. MABSCO said further negotiations with Fidelity will involve plans by the fund to reinvest back into sponsoring banks. The MABSCO announcement came just days after money market fund announcements by V ISA and Master Card. The MABSCO spokes man said these programs have been reviewed and bankers working on the MABSCO program believe their program will offer potentially higher rates to bank customers and a more viable product for participating banks. It is expected the money market fund will begin operation sometime ASK STAN FARMER to make MNB work for you. Toll free: 1-800-332-5991 Merchants National Bank i§i Member F.D.I.C. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A BANKS OF IOWA' BANK ■■ w- F ir s t in Iowa, by putting Iowa first, □ I would like to sell my majority bank stock. □ I would like to buy ma jority bank stock. Please Contact: J. Mason Henry Charles E. Walters Co., Inc. 39 Ginger Woods Road, Valley, Nebraska68064 Phone: (402)553-6400 Linda Collins An Affiliate of Northwest Bancorporation Mem ber FDIC early in 1982, perhaps as early as Jan. 1 in some test markets. The MABSCO board of directors also has added two states to the initial 11 state bankers associations which incorporated MABSCO. New members are the Colorado and Missouri Bankers Associations. They join state bankers associations from Arkansas, Illinois, Iowa, Kansas, Michigan, Minnesota, Nebraska, North Dakota, Oklahoma, South Dakota and Wisconsin, in ownership of MABSCO. Those 13 state associations claim 6,590 member banks and banking deposits totalling $276.5 billion. The MABSCO board of directors also has placed a moratorium on any additional member state bankers associations. The question of admit tance of any additional states was submitted to the committee for thorough review. MABSCO also is conducting research on several other potential subsidiary corporations. Among areas under study are an Ag. Credit Corporation, Secondary Market Mortgage Company, and Insurance Company. □ Banco Call (515) 245-3131 or toll-free (800) 362-25 14 Federal Savings & Loan Association for cooperative marketing of All Savers Certificates. Merrill Lynch was offering the All Savers through its Alabama ‘offices and funheling the funds out of state into the Cal ifornia s&l. The judge said the s&ls cannot sue another s&l and Merrill Lynch does not have to furnish notice to customers on the taxexempt interest, but depository in stitutions must comply with that regulation. The suit by the Iowa superinten dent of banking against Shearson/American Express and a string of out of state s&ls and banks for doing the same thing was filed Oc tober 8. Defendants petitioned to have the case moved to a federal court but no hearing on that motion has yet been held. Iowa News “ Protecting yourself before and after bankruptcy” is the theme of the Iowa Bankers Association’s Bankruptcy Seminars November 3-5. IB A is sponsoring three one-day seminars to help Iowa bankers pro tect themselves when bankruptcy occurs. Seminar leader Tom Flynn, Alabama Judge Rules Des Moines attorney and frequent Against Three S&Ls speaker on bankruptcy, will discuss A federal judge in Birmingham, perfecting security agreements, A la., has ruled against four rules bankers should follow when a Alabama savings and loan associa debtor files and getting secured col tions which brought suits against lateral when bankruptcy occurs. M errill L yn ch and C alifornia Sites and dates are: November 3—Iowa City, Abbey (Carousel) Inn; November 4—Des Moines, Hyatt Hotel, and November 5—-Sioux City, Hilton Inn. Pre-registration fee is $40 and $45 at the door. Each of the seminars begins at 10:30 a.m. and adjourns at 2:30 p.m. * * * IR A & HR-10 seminars will be held November 3, Marriott Hotel, Des Moines, and November 5, Highlander Inn, Iowa City. The seminars will be presented by Collin Fritz, banking consultant and attorney, who has long been IB A ’s expert on IR As and Keoghs. Registration begins at 9:00 a.m. with the seminar following from 9:30 to 4:30 p.m. DES MOINES: G. Kurt Wayne has been named vice president and manager-commercial banking at Iowa-Des Moines National Bank. He joined the bank in 1981 as vice president after most recently serv ing as executive vice president at Capital City State Bank. DES MOINES: Recently promoted at Valley National Bank are Ann W. Beeson to assistant vice presidentexecutive division and Patricia A. Chaplin to assistant vice presidentcommercial lending. GOWRIE: Verlin J. (Gus) Barker has joined First State Bank as vice president. He moved from Algona Estate Appraisals Purchase of Collections Sale o f Rare Coins Single System Banking With Availability R e lia b le and respected service for over 20 years U sed b y bankers throughout the m idw est Ben E . Marlenee Coins Availability of funds. . . availability of people. . . responsive to your needs. National Bank of Waterloo Waterloo, Iowa 50704 Member FDIC https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 913 Locust Des Moines Iowa 50309 515-243-8064 , at 1-800-772-2411. Carleton D . Beh Company Investment Bankers / Financial Consultants 1300 Des Moines Building / Des Moines, Iowa 50309 5 1 5 /2 8 8 -2 1 5 2 We own and offer subject to prior sale and change in price the following Pledge Orders: MATURITY YIELD TAXABLE EQUIVALENT AT 46% HARLAN, IOWA Electric Revenue Pledge Orders Interest: 6-1 and 12-1 6-1-82 10% 18.52 IOWA FALLS, IOWA Hospital Revenue Pledge Orders Interest: 6-1 and 12-1 12-1-83 10.25% 18.98 6-1-82 10% 18.52 12-1-82 10% 18.52 AMOUNT MUNICIPALITY $675,000 $350,000 $750,000 KEOKUK, IOWA Water Revenue Pledge Orders Interest: 6-1 and 12-1 $250,000 ROLAND, IOWA Electric Revenue Pledge Orders Interest: 6-1 and 12-1 $150,000 SAC CITY, IOWA Sewer Revenue Pledge Orders Interest: 3-1 and 9-1 6-1-82 10% 18.52 $500,000 SANBORN, IOWA Sewer Revenue Pledge Orders Interest: 6-1 and 12-1 12-1-82 10% 18.52 $425,000 TIPTON, IOWA Electric Revenue Pledge Orders Interest: 6-1 and 12-1 6-1-82 10% 18.52 $225,000 WAVERLY, IOWA Sewer Revenue Pledge Orders Interest: 6-1 and 12-1 6-1-82 10% 18.52 $250,000 WEBSTER CITY, IOWA Sewer Revenue Pledge Orders Interest: 6-1 and 12-1 6-1-82 10% 18.52 IN THE OPINION OF COUNSEL INTEREST ON THESE PLEDGE ORDERS IS EXEMPT FROM ALL PRESENT FEDERAL INCOME TAXATION AND ALL PROPERTY TAXATION IN THE STATE OF IOWA. Pledge Orders are issued in accordance with the provisions of Chapter 384, Code of Iowa, 1981, as amended, to provide funds necessary for the construction of improvements to municipal utilities. In the opinion of counsel, Pledge Orders are subject to the first lien of outstanding debt, if any, and together with such outstanding debt are payable solely and only from the future net revenues of the respective municipal utilities. 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. SERVING PROFESSIONALLY Banking, Financial & Business Personnel, lowaand Nationwide DOUGLAS SCHMIDT Capital Personnel Service 714 U.C.B. B uilding, 515-283-2545 Des Moines, Iow a50309 Y ou r M an o n the First T ea m . where he was assistant vice presi dent and branch manager of the Northwest Federal S&L four years. KNOXVILLE: David J. Smith has been appointed vice president and cashier o f Community National Bank & Trust Co. He was formerly assistant vice president at Brenton State Bank, Eagle Grove. Both banks are affiliated with Brenton Banks. MONTEZUMA: M.L. Arendt, 70, president of Peoples Savings Bank, died recently of a heart attack. Also serving at Peoples Savings are Mr. Arendt’s sons Richard, senior vice president, and Jim, cashier. Bill Bolen, son-in-law, is vice president. MT. AYR: The Federal Reserve GET THE COMPETITIVE EDGE over savings and loan, credit unions, etc. This “ on-premise” system gives you complete inde pendence, competitive flex ibility and control. Get tighter instantaneous reporting in every phase of yo u r o p e ra tio n . A t the sam e tim e reduce you r operating costs. A program for your every need — and m ore. The best banking system in the industry. M o d e rn B an king S yste m s , Inc. 6818 Grover St., Om aha, Nebraska 68106 (402) 392-0151 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 712/277-1500 DOcoGr^ p o Snde“ ¡DT Banking Officer First National Bank in Sioux City • A ‘BANKS OF IOWA’ BANK Board recently announced approval of the acquisition of Security State Bank here byHawkeye Bancorporation, Des Moines. Acquisition of the $35 million-asset bank is expected to be completed by year end, making it Hawkeye’s 28th affiliate bank. Minnesota News AUSTIN: Northwestern Banker has elected Jeffrey F. Burzinski senior vice president-loan administration. Mr. Burzinski was a manager with Banco’s corporate human resource division prior to joining the Austin bank in 1980. COKATO: Advanced at the State Bank are Donald J. Peroutka to ex ecutive officer and vice president and Ronald J. Salo to vice president and cashier. Mr. Peroutka joined the bank in 1976, Mr. Salo in 1979. M INNEAPOLIS: Phillip Hendershott has been named senior vice president of bank-related businesses for First Bank System, Inc. He is president and chief executive officer of FBS Financial, Inc., and will con tinue in that capacity. Mr. Hendershott also will assume responsibility for First System Agencies, Inc. and FBS Business Credit, Inc. NEW ULM: A t Citizens State Bank, Richard Herzog has been pro moted to vice president and Roland Menk to cashier. Mr. Herzog has been with the bank since 1952, Mr. Menk since 1957. Also elected was Conrad Frey to vice president. Mr. Frey is the former president of Dr. Martin Luther College in New Ulm and has been a director of the bank since 1969. R O B B I N S D A L E : W illia m E. Stangler has been elected vice presi dent and senior credit officer of First Bank Robbinsdale. He joined First Bank System in 1976 as a commer cial' loan officer at First Bank Bloomington Lake. ROCHESTER: Northwestern Na tional Bank has elected Carol Atkin- Marquette National Bank Presents . . . Hawaii In March! IBAA Hawaiian Convention & Tour • March 13-18 • March 18-24 • March 24-27 Sheraton Surfrider Hotel Maui Marriott Resort at Kaanapali Beach Kona Surf Hotel in beautiful Kona Hawaii A ll Ocean View Deluxe Rooms COST INCLUDES: Round trip airfare from M inneapolis/S t. Paul— Kona Surf Hotel Luau— Hawaiian Lei Greeting— Interisland A irfare— Hawaiian hotel transfers, baggage handling, tip s and taxes. Arrangements are open to your directors, friends and relatives. For more inform ation or fo r reservations, w rite or call: Richard E. Holmes Marquette National Bank 777 Marquette Avenue M inneapolis, M innesota55480 (612) 370-2222 CALL ON THE “PERFORM ANCE TEAMI” where com m on transactions are handled uncommonly well. FIRST N A T IO N A L LIN C O LN 13th & M Street • Lincoln, Nebraska 68501 • Member, F.D.I.C. son vice president and assistant in stalment loan department manager. ST. PAUL: James D. Schmitz has joined Eastern Heights State Bank as a vice president. Mr. Schmitz was formerly with Citicorp, the New York-based holding company of Citibank, N.A. TRIMONT: Controlling interest of the Triumph State Bank here has been purchased by Gerald W. McGee of Lake Benton. Mr. McGee was elected to the board and replaces Kalmer N. Skaalen as presi dent and cashier. Mr. McGee has been vice president and director of Farmers State Bank in Lake Benton the past ten years. Illinois News B A T A V IA : Recently promoted at First National Bank are Glenn E. Autenrieth to senior vice president and trust officer and Stephen V. F oley to vice president. Mr. Autenrieth joined the bank in 1976 and was formerly vice president. Mr. Foley has been with the bank since 1974 as both consumer loan officer and auditor. South Dakota News MITCHELL: Timothy R. Melin has joined the First Mitchell National Bank as assistant vice president and trust officer. Mr. Melin previously served as vice president and manager of the Aberdeen division of First Northwestern Trust Co. of South Dakota. Nebraska News HASTINGS: Recently elected at City National Bank & Trust are Melvin D. Bunde to senior vice president and cashier and Stan D. Wieland to senior vice president and senior loan officer. Mr. Bunde began his banking career with City Na tional in 1956, serving most recently as vice president and cashier. Mr. Wieland joined the bank in 1974. ¿dfotdsx and Bank Consultants Specializing in Bank Acquisitions 515-232-0814 P.O. Box 450 405 Main Ames, Iowa 50010 D o n a l d E. H o l d e r , Principal https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis HOLDREGE: Kurt Grosshans has joined the First Security Bank as a vice president. Mr. Grosshans has been assistant vice president and branch manager of the Holdrege of fice of Hastings Production Credit Association the past four years. LEXINGTON: Pat Hughes has joined the Farmers State Bank & Trust Co. as assistant vice president at the First National Bank in M c Cook the past two and a half years. O M A H A : U.S. National Bank celebrated its 125th anniversary and the upcoming move of its facility to the Central Park Plaza with “ Merrim ent-on-the-M air ’ festivities in downtown Omaha. Over 4,000 peo ple gathered during the noon hour to enjoy live music and a free lunch provided by the bank. STROMSBURG: The Stromsburg Bank observed its 100th anniver sary by hosting a barbeque beef din ner. Warren Johnson, president, reported that over 750 people were served. Montana News BILLINGS: A t First Bank Billings, Douglas E. Aden has been promoted to vice president and manager of the commercial banking group and Cal Northam has joined the staff as a ssista n t v ice p resid en t and manager of business development. Mr. Aden joined the bank in 1970 as an executive trainee. BUTTE: Kenneth G. McConwell has been elected vice president and cashier of Miners Bank of Montana, N.A. Mr. McConwell began his banking career in 1974 at Citizens Bank of Montana in Havre. He ■ B ä « !» M BANKERS PARTICIPATING LEasePlan.Inc. 545 - 31st Street Des Moines. Iowa 50312 R. L. “DICK” SELLON • P.D. “DUANE” DEVAULT transferred to Miners Bank as assis tant vice president in 1980. HAVRE: Promoted at First Bank Havre are Steve Velk to assistant vice president and John Stott to ag loan officer. Both joined the bank during 1980. Wyoming News CHEYENNE: David R. Johnson, president and chief executive officer of W yoming Bancorporation, has announced with regret the resigna tion of A.H. Trautwein from the positions of chairman and board member of Wyoming Bancorpora tion, effective January 1, 1982. Mr. Johnson said that Mr. Trautwein plans to pursue personal interests. CODY: Harry Grebe has joined the Western Bank as vice president, after transferring from a similar position in an affiliated bank in Cen tral City, Neb. JEFFREY CITY: Steven Brandom has joined the Jeffrey City State Bank as executive vice president and managing officer. Mr. Brandom was most recently with Rocky Mountain Federal Savings & Loan in Cheyenne. THERMOPOLIS: Edward Di Stansill has joined First State Bank as vice president. He was previously vice president-lending of First Na tional Bank & Trust Co. in Vinita, Okla., since 1977. M We’re people you can turn to for investments. For investment services, data processing, ag lending and overlines . . . w e’re the people you can turn to. We’re more than western Iowa’s largest bank. We’re people. Stephen J. Hatz Vice President 7 1 2 /2 7 7 -6 5 2 6 SECURITY N ATIO N AL BANK IN SIOUX CITY, IOWA. MEMBER F.D.I.C. vt © 1980 Security National Bank B A N K IN G PLA CE M EN TS “ Successful Banking is Quality Personnel” Eighteen years banking experience serving as president of rural and metropolitan banks enables me to find the “right” banking position for you as a banker or the “right” officer for your bank. DON- sch o o ler In 'ASSOCIATES 901 A. West Jackson* Ozark, Missouri 65721 417/485-6020 COMPLETELY CONFIDENTIAL “Employment Service”_________ WANT ADS Liberty National Bank & Trust Company, P.O. Box1118, Dickinson, ND58601. (PA) SKI TH E S U M M IT !!! New, three-bedroom, three-bath units available for sale or rent. Each unit has its own redwood hot tub on the deck. Contact: Dwayne Smith Rates are $5.00 per line per insertion. Add $3.00 for file letters per insertion. Identity of file letter advertisers cannot be revealed. □ My majority bank stock is for sale. □ I want to purchase majority stock in a bank. Please contact Ellis Jones, Broker JONES REALTY 205 South Eaton St. Lakewood, Colorado 80226 Phone: (303) 232-1189 AGRICULTURE/COMMERCIAL LENDING OFFICER Northwestern Iowa bank, an affiliate of a leading holding company, is seeking a person who has 5-10 years bank experience with a concentration in agricultural lending and an exposure to commercial lending. Salary commensurate with experience. Excellent benefits including health and dental plan. Send resume along with salary requirement to File OBO, c /o Northwestern Banker. (PA) BANK PLACEMENT SPECIALISTS (Our 33rd year) Call experienced professionals to locate the right candidate for your vacancy . . . or the right “move-up” for yourself. CORPORATE RECRUITERS MIDWEST BANKING DIVISION 202 S. 71 st Street 402/393-5515 Omaha, Nebraska 68132 BANKSFORSALE B A N K O W N E R SH IP C H AN G ES — Our Specialty— SELLERS - if you already have a buyer for your stock and there is a question of whether or not it is a fair price - we can make an indepen dent appraisal. BUYERS - if you are about to purchase controlling interest in a bank and there is a question of whether or not it is a fair price - we can make an independent appraisal. Those wishing to buy or sell - we can do the job for you if you are serious. PO SITION S A V A IL A B L E AG Lender wanted by $40 million county seat bank In Iowa .......................................................................... To $22,000 FOR SALE NCR 33-1088 17-total posting machine. Comes with bars for posting general ledger commercial loans, trust, and farm management. Contact Andrew Kobs, First National Bank, Fort Dodge, Iowa 50501. Phone (515) 576-6811. (FS) MOVING TO NEW QUARTERS. Will sell walnut teller screens and walnut base panels. Units are twenty years old, traditional style. Available mid 1982. 8x10 color photos available. Would like to see these nice items con tinue to be appreciated In another bank. M.J. O’Brien, Cashier, The Old Second National Bank, P. O. Box 1088, Aurora, Illinois 60506. (FS) Diebold drive-in window unit with one drawer, heater, and speaker system. Telephone: (507) 376-3141. State Bank of Worthington, Minnesota. (FS) NCR 775-2100 12 pocket proof machine. Excellent condi tion. Has always been under maintenance contract. Hayesville Savings Bank, Hayesville, IA 52562. Phone (515) 622-2337. (FS) Burroughs model B-80 computer with two mini-drives, emulator, processor, printer, and transformer. Phone 402 / 371-4321 for more details. (FS) PO SITION S W A N T E D CEO with 20 years exp. in all phases of commercial bank ing seeks new opportunity in Iowa, central or western Minnesota.............................................................. $35,000 Sr. Lending Officer with 20 years exp. in handling multi million dollar credits. Top references. . .Salary Negotiable Insurance Agent with 10 years exp. running own agency seeks job with bank agency................... Salary Negotiable Ag Lender with 10 years exp. wants position In town over 3,000 ....................................................................... $30,000 Installment Lender with finance company exp....... $17,000 Operations Person with some lending exp.............. $28,000 Controller with Chartered Bank Auditor Certificate........... ...............................................................................$30,000 CEO with extensive exp., now running $50 million bank ...............................................................................$48,000 Write or call Malcolm Freeland, Freeland Financial Ser vice, Inc., 246 Insurance Exchange Bldg., Des Moines, Iowa 50309. Phone 515/282-6462. Company pays fee. vVg Banking Specialists SINCE 1968 Progressive bankers pay us to find the people they need. AG Lender with two or more years experience for central Iowa bank......... ......................................................$18,000 Write or call Malcolm Freeland, Freeland Financial Ser vice, Inc., 246 Insurance Exchange Building, Des Moines, Iowa 50309. Phone 515/282-6462. Employer pays fee. OPERATIONS - West Central IA bank seeks 1 -2 yrs operations exp, any lending is a + + . $15-$20. in Bank, OO ROBERI of Iowa, Inc. 317 6th Ave. Des Moines, IA 50309 (515) 244-4414 A L L FE E S C O M P A N Y P A ID WANT TO BUY Individual wants to acquire Iowa or Nebraska bank. Con tact: Mike Keim, 9691 Meadow Drive, Omaha, NE 68114. Phone (402) 397-5161. (WTB) FOR SALE OR LEASE Cado Data Base 2 0 /IV in-house computer with cartridge disc drive, two CRT’s, and teletype printer with loan pro grams. Excellent condition. Contact Jerry Woodin, Com mercial State Bank, Pocahontas, Iowa 50574. Phone 712/ 335-3322. (FSorL) POSITION AVAILABLE LOAN OFFICER—Experience in installment, agriculture, and commercial lending for this growing $18 million south central Nebraska bank. Some trust experience would be helpful. Salary open. Write file OBN, c/o Northwestern Banker. (PA) COLORADO OPPORTUNITY—Seeking strong, widely ex perienced senior commercial loan officer to join an ag gressive bank in Colorado Springs. Salary commensurate with experience. Send resume to file OBH, c/o North western Banker. (PA) IMMEDIATE OPENING—for Loan Officer Trainee. Degree preferred, not required. Excellent opportunity for in dividual who is willing to learn. Salary open. Write file OBR, c/o Northwestern Banker. (PA) IMMEDIATE OPENING for junior installment loan officer with at least one year’s experience. Knowledge of student loans helpful. Send resume and salary requirements to: State Bank and Trust, Box 1257, Dillon, Montana 59725. ___________________________________________ (PA) POSITIONS A V A IL A B L E AGRI-LOAN - large midwestern bank seeks seasoned Number Two person with ag lending background for N.E. Iowa ba n k..........................................................To $25,000 Operations person for $35 millionN.W. Iowa bank ....................................................................... Salary Open COMMERCIAL LENDING - 3-5 yrs exp in comm’l lending. Good communication skills and prior supervisory exp. $25-$35K. Bank Division When it come* to agriculture, banking and personnel. . . go to the specialists — go to AGRIcareers, Inc. Insurance Agent for bank in 4,000 Nebraska town ....................................................................... Salary Open OPERATIONS - Central Nebraska. Will handle various acctg and operation functions. Work into cashier. $13K. FOR FURTHER INFORMATION RESPOND IN CONFIDENCE TO: Operations person with some lending experience for Iowa b a n k ............................................................... To $28,000 AG Lender to head ag Dept, in $50 million Iowa bank ............................................. To $28,000 Office Manager with ag background for North Central Iowa ba nk.........................................................T o$25,000 exp. Branch mgmt + + . $23-$24K. #2 AG LENDER - Ag lending bkgd, any insurance a plus for strong bank in West Central IA. $25K. Bankholding, or public. $18-$19. CROWN BANKING SERVICES 325 W. Prospect Avenue Mt. Prospect, Illinois60056 (312)392-5151 COMMERCIAL LENDING OFFICER - E. IA. 2-3 yrs BANK AUDIT - 2-3 yrs Audit exp Paradise Properties, P.O. BoxS Dillon, Colorado 80435 Phone 303/468-5846 NORTHWESTERN BANKER 306-15th Street Des Moines, Iowa 50309 Phone 515/244-8163 I----------------- --------------------------------- 1 P A R T IA L LIST OF A V A IL A B L E POSITIONS FULL-TIME EXECUTIVE DIRECTOR for Independent Community Banks of North Dakota. Minimum of 4 years commercial banking experience, or previous banker’s association experience as Director or Assistant Director. Position available immediately. Salary negotiable. Send resume to: Duane Anderson, 2 Ag Loan Off icers . .N .C . IA . $15-20,000 Ag Loan O ff./O p e r.........N.E. IA .$20,000 Commercial Loan O f f .. .N .C . IA .$18,000 Cash Ier.......................N . E. IA . $15-17,000 General/Ag Len d in g .. .O h io . $20-23,000 Sales & Mktg. Rep . . . W. N Y . $20-25,000 Ask the ag banking specialists what’s available without cost or obligation. NEW HAMPTON. IA 50659 MASSENA IA 50853 I (515) 394-3145 (712) 779-3744 dqn CAREERS, INC. / ™» THE ORIGINAL AGRICULTURAL RECRUITER J / Ag Lender to expand dept. multi-million dollar lines. Must have handled $40,000 OPERATIONS - handle internal operations for $25MM rural bank. self-starter. Excellent opportunity for creative, $25,000 CORRESPONDENT OFFICER - prefer correspondent experience with expertise in Agri-credits. Degree required. $25,000 COMMERCIAL LOAN - addition to staff of $50MM suburban Iowa bank; 2-3 yrs. commercial lending experience required. $22,000 INSTALLMENT LOAN - handle $3MM dept, for rural bank. Some knowledge of operations or auditing helpful. $18,000 AGRI-REP - growing midwestern bank seeks college grad with 1-2 yrs. Ag lending experience. Future opportunity to head dept. $20,000 Additional positions available in metro and rural midwestern banks. To inquire, forward resume’ and salary history. TOM H A G A N & A SSO C IA TE S of Kansas City 2024 S w ift-S u ite 203 North Kansas City, MO 64116 816/474-6874 “Senring the Banking Industry Since 1970” Voi. 10 No. 28 Northwestern Banker Newsletter [USPS 873-300] is published weekly by the Northwestern Banker Company, 306 Fifteenth Street, Des Moines, Iowa 50309. 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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