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Vol. 11 No. 31 Des Moines, Iowa DIDC says new account will have— $2,500 M in im u m , N o In te re st C eilin g ANKS and thrift institutions now can join the chase for customer deposits with a new depos it instrument finally approved by the Depository Institutions Dereg ulation Committee. After dragging its feet for well over a year on the matter, DIDC was ordered by Con gress on October 1 to create such an account for offering by banks and thrifts December 14. The DIDC an nounced November 15 the new ac count will have a $2,500 minimum opening balance required. There is no interest rate ceiling on the ac count, as there is presently on pass book accounts, which gives thrifts a quarter percent advantage over banks. If the balance in the new ac count falls below $2,500, the rate automatically returns to the 5*4% passbook rate, the DIDC said. Pressure to create such a new ac count has built up in the industry for the past two years because mon ey market mutual funds operated by investment firms have drawn off more than $200 billion in savings, much of it pulled directly from banks and thrifts which were forbid den by law to offer higher interest to retain their customers. The new account banks can offer December 14 also will be insured. B Customers may access the account up to six times per month—with three checks and three electronic withdrawals. MMMFs have no re strictions on their check-writing privileges or debit card usage to ac cess their accounts, but there is not evidence this will be a factor in com paring the accounts. The new ac count banks may offer will have the advantage of being insured by FDIC just as other deposits are insured up to $100,000 per account. Some comments offered to the DIDC in advance asked for a $5,000 minimum opening balance, which Fed Chairman Paul Volcker favored. Others, especially from thrifts, asked for no minimum. The concern of reg ulators and bank management alike is that the new account will mean a much higher interest cost to banks and thrifts as present customers convert their lower interest savings into the new account. Offsetting this, of course, is the prospect that the ability to compete with market rates will draw in new money and pull back some of that which has been lost from thousands of com munities. Although banks have not yet had time to announce details of what ever plans they decide to offer, many November 22,1982 banking leaders have pointed out that deposit money kept in the “ home town” bank not only will be insured, in contrast to MMMFs no insurance, but deposit money at home will be plowed back into the local econony, whereas MM M F money does not find its way back in to the mainstream of most commun ities from which the funds are drawn. How much headway banks can make against the big lead that MMMFs have with their jump of up to five years (in the case of Merrill Lynch) remains to be seen. The ma jor brokerage houses all offer cash management accounts in one form or another. It is possible some com munity banks may elect not to offer a new type of account. Interest re turns on MM MFs have dropped dra matically with the change in the marketplace the past year, and the return presently is in the 9% range. State banker associations were busy across the nation in recent days with seminars to brief member banks on the recent changes em bodied in the Garn-St. Germain bill that made many revisions in finan cial structure and regulations. One of the items in that bill was the order to DIDC to create the new account. Another section of the bill man dated withholding of federal income tax at source on interest and div- Don't gam ble when choosing a correspondent bonk. Com e to the professionals. For any correspondent banking need . . . overline assistance, data processing services, investment counseling . . . just give us a coll. We're the professionals who put the response in correspondent bonking. ucb CENTRAL OF DES MOINES, N.A. • MEMBER FDIC • TOLL FREE NUMBER (800)362-1615 AFFILIATED W ITH UNITED CENTRAL BANCSHARES, INC. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis W illiam D. Greaves, Vice President 2 Mark Conway IOWA. nesM pines A "Opportunity Calls..." om e to us we’re first in Iowa because we put Iowa first. m r w ic m . bank An Affiliate of Northwest Bancorporation Member FDic Leo Kone, Correspondent Danker American Trust & Savings Dank The Dank of Opportunity Town Clock Plaza. Dubuque, Iow a MM BANCO'* CALL 319-562-1641, COLLECT Call (515) 245-3131 or toll-free (800) 36 2-25 14 idends when credited to an account. televised seminar on November 23 Banking industry spokesmen are to local bankers in 26 cities. The seeking a one-year delay on the ef five-hour program, “ Competing for fective date of the legislation (next Deposits: A New Weapon for Banks,” N. 7th St. 314-231-5100. July 1) in the hope of killing the bill. is designed to bring banking profes Wichita—Airport Hilton Inn, 2098 The 1RS recently announced that in sionals “ up to speed,” B A I states, Airport Rd. 316-945-5272. stead of forcing financial institu on the new money market account tions to collect all accounts of a just passed and signed into law by customer into a lump sum, then ap President Reagan. The broadcast Two Minnesotans Named plying the $150 exemption, that it will commence at 11 a.m. Eastern ABA Committee Chairmen wUl allow the institutions to apply time, 10 a.m. Central, 9 a.m. Moun the $150 exemption to each account tain and 8 a.m. Pacific. Two Minnesota bankers have individually. (Other exem ptions B A I members may register for been named to chairmanships of im were outlined in last week’s News $95 per person, while non-B A I mem portant American Bankers Associa letter.) □ ber registration is $125 per person. tion committees for 1982-83. Mark W. Olson, president, Securi Seminar registration may be made BAI to Beam Seminar by by phoning B A I at 312/228-2414. If ty State Bank, Fergus Falls, has Satellite November 23 additional information is needed, been named 1982-83 chairman of the The Bank Administration In contact Richard H. Needham, pro A B A ’s prestigious Government Re stitute will beam live via satellite a gram director at 312/228-2376. If lations Council by new A B A Pres overnight hotel reservations are ident William H. Kennedy, Jr. Mr. needed, contact individual hotels at Olson was vice chairman of the com seminar location. The seminars in mittee last year. The Government midwest and mountain states are Relations Council is the 100-member scheduled at: body which establishes legislative Chicago—Marriott O ’Hare, 8535 W. and regulatory policy positions of Higgins. 312-693-4444. the ABA . Denver—Marriott Hotel-Southeast B.P. (Pete) Allen, Jr., president of Center, 1-25 & Hampden Ave. First National Bank of Milaca, was 303-748-7000. appointed 1982-83 chairman of the Des Moines—Hyatt Regency, 6215 American Institute of Banking by Fleur Drive. 515-285-1234. Mr. Kennedy. As Chairman, Mr. A l Kansas City—Regency Park Resort, len will serve on the A B A Education 9200 Metcalf, Overland Park, Kans. Policy and Development Council 1-800-255-5030. and the A IB executive committee. Minneapolis—Marriott Hotel, 1919 He succeeds Thomas R. Smith, a E . 7 8 th S t., B lo o m in g t o n . former A B A Treasurer and presi 612-889-1500. dent of Fidelity Brenton Bank and St. Louis—Sheraton St. Louis, 910 Trust Co., Marshalltown, la. ASK JOHN MANGOLD to make MNB work for you. Toll free 1-800-332-5991 M erchants ^ National Bank 151 M e m b e r F.D.I.C. A ‘ BANKS OF IO W A’ BANK ^•With today’s rapid changes in banking technology, data processing is becoming an even more important management tool. That’s where I come i n .f f Today, your con tinued profitability is as important to Security National Bank as it is to you. Ken Roeder Correspondent Bank Officer Security National Bank Western Iowa’s Largest SECURITY NATIONAL BANK Sioux City, Iowa 51101 (712) 277-6554 Member FDIC https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis IFHutton One Carriers Building Des Moines, Iowa 50309 Telephone: (515) 243-1203 NEW ISSUE Moodys: A We own and offer subject to prior sale and change in price and subject to our attorney’s approving opinion: $1,750,000 BURLINGTON, IOWA Sewer Revenue Bonds, Series 1982 DATED: December 1,1982 DENOMINATION: $5,000 Both principal and semiannual interest (October 1 and April f; first coupon due April 1,1983) payable at the Of fice of the City Treasurer, Burlington, Iowa. IN THE OPINION OF COUNSEL INTEREST ON THESE BONDS IS EXEMPT FROM ALL PRESENT FEDERAL INCOME TAXES. MATURITIES $ 65,000 70,000 80,000 $ 95,000 100,000 $115,000 $130,000 10.00% October 1,1983 October 1,1984 October 1,1985 9.00% October 1,1986 October 1,1987 8.40% October 1,1988 8.00% October 1,1989 6.00 6.50 7.00 7.25 7.50 $140,000 8.25% October 1,1990 8.25 $285,000 8.50% October 1,1991 8.50* $320,000 8.75% October 1,1992 8.75* $350,000 9.00% October 1,1993 9.00* 7.75 8.00 *Callable October 1,1990 in inverse numerical order at par LEGALITY TO BE APPROVED BY CHAPMAN & CUTLER, CHICAGO, ILLINOIS The City of Burlington is located on the Mississippi River in eastern Iowa, approximately 160 miles from Des Moines. The City serves as the county seat of Des Moines county and the trading center for much of southeastern Iowa. Major employers include: J.l. Case Company, in dustrial wheel type tractors and backhoes; Caterpillar Tractor Company, metal fabrications; General Electric Company, electric switchgear; Iowa Industries, Inc., spark plugs; Lehigh-Leopold Furniture Company (a division of Litton Business Systems, Inc.), office furniture, and Georgia Pacific Corporation, safety paper. The City is served by U.S. Highways 61 and 34; the Burlington Northern Railway, scheduled com muter airline service and an excellent network of paved county roads. There are three commercial banks with combined deposits of $236,760,000. The current population is estimated at 32,366. These bonds are being issued for the purpose of providing funds for the retirement of Sewer Revenue Pledge Orders and interest thereon, issued as payment for the cost of improvements and extensions to the City’s sewage disposal works and facilities. HISTORIC EARNINGS STATEMENT Operating Receipts Total Operating Expenses Net Revenues Available for Debt Service 1982 $2,165,152 574,883 1981 $1,672,770 548,287 1980 $1,005,887 615,385 1979 $842,930 434,440 $1,590,269 $1,124,483 $ 390,502 $408,490 Coverage based upon net revenues for fiscal year 1981-1982 of $1,590,269: Calendar Year ______ Coverage______ Average Annual Principal & Interest $382,118.18 4.16x Maximum Annual Principal & Interest 390,350.00 4.07x Fiscal Year ______ Coverage______ $372,172.50 376,655.00 4.27X 4.22x The information contained herein is not guaranteed, but is derived from sources which 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 of Robuck, Inc., South Sioux City, Nebr., to become a bank holding company by acquiring The State Savings Bank in Hornick, la., which had deposits of $4.6 million at last year-end. Although Robuck is situ ated outside the state of Iowa, it is a nonoperating Nebraska corporation organized for the purpose of acquir ing the Hornick bank. Under the Douglas amendment, it may own such a bank, but may not own a bank in its own state or any other state besides the one where the bank is located; in this case, Iowa. Professional ... Responsive... Call Mark Christen for any correspondent service. Call toll free (800) 622-7262 Valley National Bank ¡3 DES M OINES, IOW A 50304 A BANKS OF IOW A BANK Member FDIC Klaus, 91, died November 14 in Charles City. Mr. Klaus started working as a bookkeeper in the First Comment is pouring into the National Bank, Charles City in Depository Institutions Deregula- 1919. In 1929 First National merged tory Committee from all parts of the with the Security Trust and Savings nation as the DIDC looks ahead to Bank to form the First Security meeting the Congressionally-man- Bank and Trust Company. He was dated deadline of December 14 for president of First Security from creating a new money market fund- 1949 to 1973 and chairman of the type account for financial institu board until January 31, 1981. Mr. tions to compete with the non-finan- Klaus also served as president of the cial MMMFs. Iow a Bankers A sso cia tio n in Statements from the American 1957-58. Bankers Association and Indepen dent Bankers Association of Amer CLINTON: Paul N. Payne has been ica indicate that both support bas appointed executive vice president ically the same position with DIDC; of Clinton National Bank. Prior to i.e., a $5,000 minimum initial depos joining the bank, Mr. Payne served it, and lowering that in the future; as examiner-in-charge of the Cedar no interest rate ceiling, as instructed Falls Region of the office of the by Congress; no reserve require Comptroller of Currency with re ments and three third-party trans sponsibility for supervising and co fers per month. ordinating the examinations of all A B A supports permitting loans to national banks in the region. Comment Pours into DIDC On Money Market Account meet the minimum denomination re quirement; IB A A opposes this, stat ing “ this account should be used as a base to build deposit funds. A B A supports an overdraft provision; IB A A opposes that. Both of the or ganizations want DIDC to let banks set their own minimum denomina tion on drafts. Iowa News CHARLES CITY: Merten DES MOINES: The appointment of Stephen F. Sherrod as vice president/loan administration at Banks of Iowa, Inc., was recently announced by Holmes Foster, president and chief executive officer. Mr. Sherrod had previously been vice president, Brenton National Bank of Des Moines. h o r n ic k : John The Federal Reserve Board has approved the application W A T E R L O O : Rollie Sverdahl, chairman and president of Peoples Bank and Trust, announced Novem ber 15 that the bank will donate one Thanksgiving turkey for needy Wat erloo families for each deposit of more than $1,000 in any Peoples Bank Investment Plan. For deposits of more than $5,000, the bank will donate two turkeys. The Investment plan includes IRAs, CDs, All Savers and passbook savings. Mr. Sverdahl said this offer includes rollovers, as well as new deposits. The Cedar Valley Food Bank will distribute the turkeys to the needy. The Peoples Bank has guaranteed a minimum of 200 turkeys to the Food Bank. Mr. Sverdahl said the program will con tinue through Thanksgiving and may be extended to include Christ mas to aid needy families in the area. W EST BURLINGTON: Edward D. Hass, executive vice president of West Burlington Savings Bank, re cently retired after 33V2 years with the bank. Mr. Hass was hired as a teller in 1949, named assistant cashier in 1950, promoted to vice president in 1963 and named exec utive vice president and elected to the board two years later. In his most recent position he headed a 20-member staff. If you're asking a lot, ^ | U The professionals at United Missouri Bank. 9 § Giving you w hat you need, w hen you need it. UNITED MISSOURI BANK M ember FD ,C Q t y | U . United we grow.logether. P.O. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Box 226, 10th and Grand, Kansas City, Missouri 64141 • (816) 556-7000 Steve Panknin Joyce Chaney Pat Baldwin Send Your News Today to the NORTHWESTERN BANKER TELL US A B O U T . . . 0 306 Fifteenth Street DES MOINES, IOWA 50309 Staff Changes Business Campaigns Mergers, Consolidations New Departments at the Bank Remodeling or New Building BANK ...................................................................................... ... OFFICER ................. ......... .................................... ........ TITLE CITY https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis STATE Open Houses Anniversary Parties Deaths or Retirements Speeches Made by Bank Officers Special Announcements to the Public 6 Promote yourself to the head of the route l i s t . Please enter my personal subscription to NORTHWESTERN BANKER for: □ 2 years, $33 □ 1 year $18 Amount Enclosed____________ (This includes monthly magazine and Weekly Newsletter) Mail subscription to: Nam e______________ Title _____________ Firm □ Business_____ or □ Home City______________ ___ State_______ Zip____ 306 Fifteenth Street Des Moines, Iowa 50309 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis You may wish to take advantage of our Special Club Rate (5 or more) so you can add other officers and directors of your bank. These Club Rates are: One Year $14 each Two Years $26 each Just enclose a typed list of names and addresses and tell us whether you want the one or two year package. Send check for total, or we will be glad to bill your bank. CALL ON THE “PERFORMANCE TEAM” where comm on transactions are handled uncomm only well. FIRST NATIONAL LINCOLN 13th & M Street • Lincoln, Nebraska 68501 • Member, F.D.I.C. Nebraska News The National Association of Bank Women, Mid Plains Group, will hold its November meeting on Tuesday, November 23, at Johnny’s Cafe, 4702 S. 27th Street, Omaha. Cocktail hour will begin at 5:30 p.m. and will be followed by dinner and meeting. The guest speaker for the meeting will be Ruth Kraft, pre sently an independent personnel consultant and past international director for Toastmasters Interna tional. Ms. Kraft’s topic will be “ How to give a speech.” The meeting will conclude with a bus iness meeting. OM AHA: James F. Severin, Marcia Kruger and Gregory Kruger have been appointed to vice president status at Ames Bank, according to Robert R. Kruger, chairman. voted to change the name of the cor poration to First American Bank & Trust of Marshall as of November 9. MINNEAPOLIS: G. William Jude was recently elected president and managing officer of First Bank Min nehaha, succeeding Newton R. Full er. Mr. Jude had been serving as senior vice president and group ex ecutive of First Bank System’s Twin Cities neighborhood bank group. NEWPORT: Town and Country Bank has announced the election of Robert C. Anderson as vice presi dent and senior loan officer. He was formerly associated with the First Northwestern State Bank, Thief River Falls, where he was vice presi dent in charge of commercial lending. Illinois News Minnesota News BURNSVILLE: Newton R. Fuller has been elected president and man aging officer of First Bank Burns ville. He succeeds Robert L Stehlik, who was elected president of First Bank Southdale, Edina. Mr. Fuller had been serving as president of First Bank Minnehaha, Minneap olis. EDIN A: Robert L. Stehlik has been elected president and managing of ficer of First Bank Southdale. He succeeds David A. Orlady, who is now managing director of the Cen tral Minnesota affiliates of First Bank System. Mr. Stehlik had been president of First Bank Burnsville. M ARSH ALL: The stockholders of the Western Bank & Trust Co. have CHICAGO: American National Bank and Trust Company has announced an agreement in principle to pur chase the First National Bank of Libertyville. The final agreement is subject to regulatory approvals. Terms of the agreement call for American National, with third quar ter average assets of $2.9 billion, to pay $45 per share for each of the 228,265 common stock shares out standing of First National Bank of Libertyville, with assets of $113.7 million. ROCKFORD: Robert D. Eversman has been appointd vice president and investment officer at First Na tional Bank and Trust Company. Mr. Eversman, who had ben serving as vice president and investment of ficer of the Central National Bank, Sterling, has 25 years of trust and investment experience including senior level management positions with the Affiliated Bank of Madison and the Iowa-Des Moines National Bank. South Dakota News RAPID CITY: Seattle-First Na tional Bank announced last week it will not move its credit card opera tions here. Washington voters ear lier this month rejected by a 2-to-l margin a ballot initiative that would have returned the 12% usury ceiling on bank and retail credit cards. That former ceiling was voted out by the legislature a year ago, only to have the Washington State Labor Coun cil get enough signatures to put the initiative on the ballot. Rainier National Bank still is con sidering the possibility of moving its credit card operations to South Dakota, Alaska or to sell them off. SIOUX FALLS: Ken Fish has joined the staff of United National Bank as vice president and branch manager of the Rapid City branches. He had been serving as president, owner and chairman o f D rayton State Bank in North Dakota. SIOUX FALLS: Western Bank has announced the election of Donald R. Oliver as vice president, mortgage/ retail banking. He has had 12 years of banking experience. Montana News LIVINGSTON: Montana Bancsystem, Inc., Billings, has received ap proval from the Federal Reserve Bank of Minneapolis to acquire Montana Bank of/Livingston, a de novo member bank. YAKE, MESSINA AND LASSITER Getting it done for you. ^ Ernie Yake John M essina Jan Lassiter 234-2483 234-2486 234-2481 Commerce Bank of Kansas a t y A https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis MEMBER FDIC T p lp n h n n p (816) 9^A.9nnn Telephone 234-2000 Wyoming News KEM M ERER: Mae Jean Julian and Shirley Mower were recently named vice presidents of First Wyoming Bank, N.A., according to Larry Hassler, president. TIME TEMPERATURE • Steel Tubular Frame • Poh Optional • Retirait Control $3295 P.O. Box 263 r Grand Island, Nebraska 68801 (308)384-0111 W AN T ADS Rates are $5.00 per line per insertion. A d d $3.00 for file letters per insertion. Identity o f file letter advertisers cannot be revealed. NORTHWESTERN BANKER 306 - 15th Street Des M oines, Iowa 50309 Phone 515/244-8163 FINANCIAL SPECIALIST IN THE TWIN CITIES AREA C all Brad Boe • 612/835-4466 7625 M etro Blvd.. S u ite 350 • M inn e a p o lis. MN 55435 M ^ E M E N T RECRUII fcRS 300 O ffices N a tio n w id e The Search and Recruiting Specialists SKI THE SUMMIT!!! 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: DWAYNE SMITH Paradise Properties, P.O. Box S Dillon, Colorado 80435 Phone toll free 800/922-2590 POSITIONS AVAILABLE Ag Lenders needed by four northern Iowa community banks. Prefer college degree and minimum of 3 years banking experience............ .............................To $28,000 Cashier for $60 million midwestern bank. Requires minimum of 5 years experience in larger community bank. Lending knowledge help ful.............................. Salary open Number Two Person for Nebraska community bank. Re quires knowledge of operations/ag lending........................ .....................................................................Salary to $28,000 Commercial Lender for major Iowa bank . Salary to $38,000 Office Manager for major western Iowa b a n k .................... ...........................................................................Salary $25,000 FOR SALE 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) POSITION AVAILABLE 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 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) DES MOINES BANK seeks operations and control officer. Applicant will immediately assume supervision of book keeping and teller functions responsible to Cashier. Can didate should have a minimum of 3 years experience. Technical and people skills important. Write file RBK, c/o Northwestern Banker. (PA) Major correspondent bank seeks two persons for travel in upper midwest states; three-four years banking exper ience essential; credit background preferred. Also need one person with bond sales experience to work with cor respondent banks. Write file RBL, c/o Northwestern Banker. (PA) SECOND OFFICER—for a commercial bank in western Nebraska. Must have operational as well as credit ex perience. Agricultural background helpful. Excellent salary and fringe benefits. Send resume and snapshot, in complete confidence to: Dave Doll, Box 209, Ogallala, Nebraska 69153. (PA) SERVING PROFESSIONALLY Banking, Financial & Business Personnel Iowa and Nationwide CAPITAL PERSONNEL SERVICE 714 U.C.B. Building, 515-283-2545 Des Moines, Iowa 50309 Operations person for $35 million bank in major Iowa city . ..................................................................... Salary to $25,000 AVAILABLE NOW Strong Ag Lender for $40 million bank in eastern Io w a ___ .............. ..................................................... Salary to $27,000 NCR 775-2100 with MCR unit (cassette capture) 12 pockets. Eligible for NCR Maintenance. We Deliver Results. Executive V.P. with solid lending experience for $40 million b a n k .......................................................Salary open. Correspondent Officer for $2 billion city b a n k .................... .....................................................................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. □ I would like to sell my majority bank stock. □ I would like to buy ma jority bank stock. Bankers Electronic Equipment, Inc. Phone 308/384-5995 Grand Island, NE 68801 AG BAI1KING SPECIALISTS SINCE 1968 (515)394-3145 NEW HAMPTON, IA 50659 (712)779-3744 MASSENA, IA 50853 Please Contact: J. Mason Henry I Charles E. Walters Co., Inc. 39 Ginger Woods Road, Valley, Nebraska 68064 Phone: (402) 553-6400 aqn CAREERS, INC. ™ THE ORIGINAL AGRICULTURAL RECRUITER 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. Insurance Agent with excellent production and manage ment record.........................................................Salary open Bank Examiner with eight years of experience. Strong in loan analysis........................................... Salary $30,000 Marketing Executive with operations background.............. ..................................................................... Salary negotiable Strong Second Man incommunity 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 Senior Ag Lender with college degree........ Salary $32,000 Number Two banker with extensive lending and opera tions experience.........................................................$35,000 Write or call Malcolm Freeland, Freeland Financial Ser vice, Inc., 1032 Carriers Building, Des Moines, Iowa 50309. Phone 515/282-6462. Employer pays fee. Does the appearance of your em ployees reflect the success of your bank? If not, call us today and find how only $1.00 per day per teller will help. MeAtyioek^ CAREERAPPAREL N. Main St., Carroll, la., 51401 712-792-2748 | WANT TO BCIY Individual wants to acquire Iowa or Nebraska bank. Con tact Mike Keim at Thurman State Bank (IA) or phone 402/397-5161. (WTB) BANK PLACEMENT SPECIALISTS (Our 34th 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. 71st Street 402/393-5515 Omaha, Nebraska 68132 POSITIONS AVAILABLE LENDING/INSURANCE—excellent opportunity in $25MM rural bank. Handle Ag-credits and assist in general opera tions of insurance agency. $28,000 PRESIDENT— Rocky Mountain area. Strong Ag-lending background and knowledge of operations desired. Invest ment possible. $30,000 + CORRESPONDENT OFFICER—travel southern Missouri and Arkansas for major midwestern bank. Degree and previous correspondent experience required. $ DOE AGRI-LOAN—join $20MM dept, with opportunity to manage same in two years. Ag Degree and five years or more Ag-lending experience desired. $28,000 CASHIER—handle operations duties and assist with Agri credits in $25MM rural bank. Insurance licenses a plus. $25,000 COMMERCIAL LOAN—suburban bank with majority of portfolio In lite manufacturing and retail businesses. Degree preferred. $26,000 SECOND OFFICER—rural bank heavy in Ag-credits. Record of community involvement and some knowledge of operations required. $27,000 + All inquiries confidential. quirements requested. Resume' and salary re TOM HAGAN & ASSOCIATES of Kansas City 2024 Swift - Box 12346 North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry Since 1970” Voi. 11 No. 31 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
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