Full text of The Northwestern Banker : November 24, 1980 : Northwestern Banker Newsletter, Vol. 9, No. 31

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Vol. 9 No. 31

Des Moines, Iowa

A B A Opposes Farm Credit System
HE Federal Farm Credit
System is seeking to convert
itself into a na­
tionwide govern­
ment sponsored
full service bank,
th e e x e c u t iv e
vice president of
th e A m e ric a n
Bankers Associ­
ation charged.
P roposed le­
gislation entitled
WILLIS
ALEXANDER
the Farm Credit
A ct Amendments “ is a banking bill,
pure and simple, ’ ’ not a farm or even
a farm financing bill, W illis
Alexander asserted.
Speaking here before more than
1000 agricultural bankers attending
the A B A ’s National Agricultural
Banking Conference, Mr. Alexan­
der said that the bill (H.R. 7548), to
be brought before the “ lame-duck”
Congress, would “ formally and
finally create a nationwide banking
entity exempt from any discipline of
its monetary policy impact, exempt
from most forms of taxation,
exempt from the consumer protec­
tion and disclusure laws that we
(bankers) live with.”
Mr. Alexander identified Credit
Agricole in France as the only other
insitution in the world like the Farm
Credit System.
“ Last year it had a tax-exempt
incom e o f $400 m illion . . . It

T

dominates farm finance in France to
the virtual exclusion of all other
lenders. By the time Credit Agricole
finally was granted deposit taking
powers, most commercial bankers in
France agreed that there was
nothing that they could do to catch
up w ith i t , ” M r. A lexander
asserted.
“ The Farm Credit S ystem
intends to become the American
Credit Agricole,” he charged. “ This
bill would let it begin taking
deposits overseas clearly a prelude
to domestic deposit taking.
“ An American Credit Agricole is
something we cannot live with
— a nationwide quasi-government
banking system, offering all types
of loans often at below-market rates
not only to farmers but to all classes
and types of bank customers.”
“ Bait” is what Mr. Alexander
called the offer made by the
sponsors of the bill that would
possibly allow about 2,500 of the
smallest banks to discount their
loans at the Intermediate Credit
Banks.
“ The fact is that the law now on
the books permits all banks to
discount their loans with the
Intermediate Credit Banks. What
has blocked this from becoming a
reality has been the regulations of
the Farm Credit System.”
The “ bait” offered would allow
one bank to discount at the

November 24,1980
Intermediate Credit Banks, while
another bank could be blocked
arbitrarily from such discounting,
Mr. Alexander reasoned.
“ We believe that a judicial
challenge of these rules will be more
productive than snatching at the
bait which is being dangled before
us.”
“ The Farm Credit Act Amend­
ments present “ a
very serious
challenge to the long-term viability
of our institutions . . . The creation
of an American Credit Agricole via
the innocuously labeled Farm Credit
Act Amendments offers likely
results that we should think
through carefully,” Mr. Alexander
concluded.
□

Iowa
ID EA Workshops on Tax De­
ferred Annuities will be held in
various locations around the state
December 9-11. The workshops are
sponsored by the Iowa Bankers
Insurance & Services, Inc. and the
Iowa Bankers Association. Regis­
tration fee is $30. The locations are
as follows: Dec. 9- Holiday Inn,
Burlington and Harbor House,
Storm Lake; Dec. 10- Ironmen,
Iowa City and Holiday Inn, Red
Oak; and Dec. 11- Starlite, Ames
and Conway Civic Center, Water­
loo.
CHARLES CITY: O. Jay Tomson,
president, Citizens National Bank,
has been elected a Class A director

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Central National Bank & Trust Com pany

 DES MOINES • MEMBER FDIC • TOLL FREE NUMBER (800) 362-1615
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

W illiam B. Greaves, Vice President

C a lla
BANKERS’
BANKER

We’re people you can
turn to for investments.
For investment services, data processing, ag lending
and overlines . . . we’re the people you can turn to.

We’re more than western Iowa’s largest bank.
We’re people.

1-800-362-1688, toll-free in Iow a

Stephen J . Hatz
S r. Correspondent B ank O fficer
7 1 2 /2 7 7 -6 5 2 6

SECURITY NATIONAL BANK
IN SIOUX CITY, IOWA.

M E M BER F .D .I.C .
© 1980 Security National Bank

become a bank holding company
through the acquisition of the
Freeport State Bank.

of the Federal Reserve Bank of
Chicago.
FOREST CITY: PaulV. Fitzgerald
has been hired by Manufacturers
Bank and Trust Co. of Forest City
and Crystal Lake to handle a variety
of banking functions at the Crystal
Lake office as well as manage the
office’s insurance agency.
MARION: Morris F. Neighbor,
president of Farmers State Bank,
announces the appointment of
Robert H. Sippel, senior vice
president to the board of directors.
Mr. Sippel joined Farmers State
Bank in June of 1967. He has
graduated from the School of
Banking at the University of
W iscon sin ; A gricu ltu re Credit
School, Iowa State University;
numerous American Institute of
Banking Schools.

Minnesota News
B L O O M IN G T O N : C om m unity
State Bank has opened a new
detached facility in Loehmann’s
Plaza at 98th and Normandale.
DEERWOOD: E. Terry Skone,
executive vice president of First
National Bank, has announced the
addition of John Christenson to the
banking staff. He will work with the
loan and insurance departments.
FREEPORT: The Federal Reserve
Bank of Minneapolis has announced
its approval of the application by

F reeport Bancshares, In c. to
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Federal Reserve Bank of St. Louis

FRIDLEY: Gary Lechko has been
promoted to assistant vice president
and manager of Marquette’s new
Fridley office, as announced recent­
ly by M .L. “ Slim” Grotewold, chief
executive officer of Marquette State
Bank of Columbia Heights. Mr.
Lechko graduated from the College
of Business Administration of the
University of Minnesota in 1976 and
joined Marquette in 1977.
GREEN ISLE: William J. Lepel
has been elected to the board of
directors of the Citizen’s State
Bank.
NORWOOD: The Federal Reserve
Bank of Minneapolis has announced
its approval of the application by
N orw ood B ancshares, In c. to
become a bank holding company
through the acquisition of the
Citizens State Bank.

He has a BA degree from Wayne
State College and a masters of music
education from the University of
Nebraska.
CRAWFORD: Linda Reins has
accepted a position with the
Crawford State Bank as vice
president and commercial-agricul­
tural loan officer.
G E N O A : Lee J acobsen , vice
president of the Genoa National
Bank, has been elected to the bank’s
board of directors, according to
E.L. Burke Jr., chairman. Mr.
Jacobsen joined the bank in July
1973.
SCHUYLER: Jerry Kamatz, assis­
tant cashier at First National Bank
since March, has been promoted to

RICHFIELD: Douglass E. Coy, a
self-employed management consul­
tant, has been elected to the board of
directors of Summit State Bank.
TWO HARBORS: The Federal
Reserve Bank of Minneapolis, has
announced its approval of the
application of Commercial State
Bancshares, Inc., to continue to
engage in operating a general
insurance agency in a community
with a population not exceeding
5,000.

Nebraska News
BASSETT: The Commercial Bank
has announced the election of
H arold W . W hipple as vice
president. The Commercial Bank
also held an open house recently
honoringM .B. Huffman, chairman,
for 25 years of banking in Bassett.
COLUMBUS: Larry Marik has
been appointed personnel-market­
ing director for First National Bank.

ASK
DALE FROEHLICH
to make MNB
work for you.
Toll free
1- 800- 332-5991

Merchants
^
National Bank 151

Member F.D.I.C.

A BANKS OF IOWA BANK

Supplement to Northwestern Banker Newsletter 11-24-80

Caneton D. Beh Co.
Investment Bankers/Financial Consultants

NEW ISSUE

SALE DATE: November 18,1980
$815,000
LEE COUNTY, IOWA

MOODY’S: A1

County General Obligation Bonds
Dated: Decernber 1,1980

Denomination: $5,000

Both principal and semiannual interest (June 1 and December 1, first coupon due on June 1,1981) payable at the
office of the Treasurer, Lee County, Iowa.
IN THE OPINION OF COUNSEL INTEREST ON THESE BONDS IS EXEMPT FROM ALL PRESENT
FEDERAL INCOME TAXES AND ALL PROPERTY TAXATION IN THE STATE OF IOWA.
MATURITIES

$15,000
20,000
20,000
25,000
25,000
25,000
30,000
35,000
35,000
40,000
40,000
45,000

8.60%
June 1, 1982
June 1, 1983
June 1, 1984
June 1, 1985
June 1, 1986
June 1, 1987
June 1, 1988
June 1, 1989
June 1, 1990
June 1, 1991
June 1, 1992*
June 1, 1993*

7.30
7.30
7.30
7.40
7.50
7.60
7.70
7.80
7.90
8.00
8.10
8.25

$50,000
55,000
60,000
65,000
70,000
75,000
85,000

8.40%
June 1, 1994*
8.60%
June 1, 1995*
8.80%
June 1, 1996*
9.00%
June 1, 1997*
9.10%
June 1, 1998*
9.20%
June 1, 1999*
9.30%
June 1, 2000*

8.40
8.60
8.80
9.00
9.10
9.20
9.30

* Optional beginning June 1, 1991, in numerical order, at 101.50%.
LEGALITY TO BE APPROVED BY AHLERS, COONEY, DORWEILER, HAYNIE & SMITH, ATTORNEYS,
DES MOINES, IOWA
Lee County is located in southeast Iowa, adjacent to the States of Illinois and Missouri. Included within the County’s 551 square miles are
eight incorporated cities and all or portions of five community school Districts. Population in the County has been relatively stable during
the past fifty years and is currently estimated by the 1980 preliminary census at 42,594 persons. Banking deposits within the County during
1979 exceeded $211,968,000, supporting taxable retail sales activity of $165,807,259. Transportation facilities are provided by U.S.
Highways Nos. 61 and 218, six Iowa primary highways and an excellent network of paved county roads. Rail transportation is provided by
the Burlington Northern Railway and the Atchison, Topeka & Santa Fe Railway Co. Commercial airline service is available in nearby
Burlington. Transportation and recreation opportunities are both greatly stimulated by the County’s location adjacent to the Mississippi
River.
These bonds are being issued under the provisions of Chapter 345, Code of Iowa, 1979, as amended, and the proceeds will be combined
with $800,000 Federal Revenue Sharing Monies to construct a new County Correctional Center. In the opinion of counsel, these bonds are
legal and binding general obligations of Lee County, Iowa, 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.

FINANCIAL STATEMENT
Actual value taxable property, 1979
Assessed value taxable property, 1979

$857,632,959
723,188,409

Direct debt, including this issue
Total direct and overlapping debt

1,055,000
10,467,518
Population, 1980 Preliminary Census: 42,594
Direct debt per capita: $ 24.77
Total debt per capita: 245.75
Tax collections have approximated 100.78% 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 reliable 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 avai table 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


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Call our
Bond
Department
For up-to-the-minute,
accurate information

Tom Steffens

John Henderson

Tony Paugoulatos

Vice President

Vice President'

Asst.Vice President Asst.Vice President Bond Officer

Bond Representative

234-2462

234-2463

234-2647

234-2691

Jim McLaughlin
234-2673

Dave WHtenborn
234-2674

wit Commerce Bank of Kansas city m«,,„dw
.,.™,.
« ***

assistant vice president. Mr.
Kamatz, with Overland National
Bank, Grand Island before moving
to Schuyler, is a 1971 graduate of
Kearney State College.
YORK: Kelly Holthus, president of
First National Bank, has announced
that Curt Bjornsenvhas joined the
bank as consumer loan officer. Mr.
Bjomsen is a 1973 graduate of
Kearney State College. His past
experience includes two years with
the National Bank of Commerce in
Lincoln and two years with State
Federal Savings & Loan, the past
one-and-a-half years of which have
been in York.

Illinois News
C H IC A G O : Illin ois instalm ent
lending laws will be examined in
depth at a December 10 seminar
sponsored by Financial Share Corp.
The conference will run all day on
December 10 and will be held at the
Ramada Inn- O’Hare in Des
Plaines.
ELK GROVE: The Comptroller of
the Currency has announced that a
charter has been approved for the
Elk Grove National Bank of Elk
Grove Village.
ROCK FALLS: John W . Glover,
president, Community State Bank,
has been elected a district director
and member of the board of
directors of Bank Administration
Institute, the nation’s research and
educational association for banking.
As director of District 5, Mr. Glover
will work with B A I’s state directors
in Illinois, Indiana, Kentucky,
Michigan, and Ohio, coordinating
the activities of 50 local chapters.

Member FDIC

7

South Dakota News
BROOKINGS: Robert Roe of the
First National Bank has assumed
duties as trust officer. He has
worked at First National for four
years.

Wyoming News
CHEYENNE: Roger Clary has been
appointed assistant vice president
of First Wyoming Bank- North
Cheyenne. He is a graduate of the
National Instalment Credit School
in Norman, Okla.
W RIGHT: Marjorie A. Sanders of
First Wyoming Bank, N .A. - Lusk
has been appointed executive vice
president of the newly chartered
First Wyoming Bank. Ms. Sanders
has been employed by the Lusk
Bank since 1968 and has held
managerial positions in loans and
insurance.

Colorado News
DENVER: The Denver National
Bank recently celebrated the
opening of their new main offices at
the Denver National Bank Plaza
with a cocktail party.

North Dakota News
FARGO: Kaye A . Talley has been
elected officer at Dakota Bank and
Trust Co., according to W .R .
Amundson, president. Ms: Talley
joined the bank’s trust department
in March 1978 as assistant trust
officer.

(816) 234-2000

been with the First Bank System for
20 years.
ROLL A: Earl L. Loken, president,
First Bank Rolla, has announced
Earl L. Jim Tollefson has- been
appointed insurance manager for
First Insurance Agency and Brian
Hogen has been named bank
timepay adjustor. The previous
adjustor, Kim Albert, has been
promoted to assistant timepay
manager and marketing officer.
VALLEY CITY: Walter Bauer,
president of First Bank announced
that Deborah Koepplin has been
promoted to assistant vice president
and marketing officer. Mrs. Koep­
plin is a graduate of North Dakota
State university in agricultural
economics.
The Federal Reserve Bank of
Kansas City is hosting a symposi­
um, “ Future Sources of Loanable
Funds for Agricultural Banks,’ ’ on
December 8 and 9 at the Crown
Center Hotel in Kansas City.
Registration is $45.

"Opportunity*^,
Knocks../' W

JAMESTOWN: H.F. Buegel Jr.,
president of First Bank, has
announced Jack Marthaler is now a
vice president in the commercial
lending division. Mr. Marthaler has

CALL ON THE “PERFORMANCE TEAM”
where comm on transactions are handled uncommonly well.
FIRST NATIONAL LINCOLN

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Federal Reserve Bank of St. Louis

13th & M Street • Lincoln, Nebraska 68501 • Member, F.D.I.C.

WANT ADS

□ I would like to sell my
majority bank stock.
□ I would like to buy ma­
jority bank stock.

Rates SO cants par word par Insertion.
Ad $2 for fila numbers, identity of file
number advertisers cannot be revealed.
Payment in advance, please.
NORTHWESTERN BANKER
306-15th St., Oes Moines, Iowa 50309

Please Contact: J. Mason Henry

POSITION WANTED

Charles E. Walters Co., Inc.
P.O. Box 1313, Omaha, Nebraska68101
Phone: (402)553-6400

BANKERS AVAILABLE
CEO with ag lending background...................... $35,000
Operations officerw ithag lending .................. $25,000

Graduate from American Institute of Business with an
Associate of Specialized Business Degree in
Computer Programming and Accounting Major seeks
banking position. Can relocate. Write Bradley
Campbell, 202 East Main, Waukon, IA52172.
(PW)
LOAN OFFICER POSITION WANTED: Seventeen
years of banking experience— includes agriculture,
Installment, commercial loans and real estate
mortgages. Some operations experience. Available
immediately. Write file LBO, c /o Northwestern
Banker.
____________________
(PW)

FOR SALE
NCR 41-0015 six pocket proof machine; has been
under continuous service contract. Contact Lynn
Lessman at (402) 286-4545.____________________ (FS)
Console Addressograph 904, with numerous plates.
Contact Lynn Lessman at (402) 286-4545.________ (FS)
Burroughs Mini-Computer L8941 with pin feed device
& auto reader A9161. $3995. Call Harlan McCaw, (319)
364-0191._____________
(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)
NCR Mag Ledger Machine. Phone(319) 728-2226. (FS)
Serles 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)
Burroughs L-9000 Magnetic stripe memory, three
cassettes, Matrix printer, excellent shape - $10,500.
Call (712) 277-2011. Ask for Royal.______________ (FS)

Insurance for
Financial Institutions
Automated Systems of Iowa, Inc.
301 N. Ankeny Blvd., Suite 220
Ankeny, la 50021
515-964-1358

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.

5 45 - 31st Street

Des Moines. Io w a 50312

R. L. “ DICK” SELLON

POSITION AVAILABLE
Installment Loan Officer in Sioux Falls, SD.
Knowledge In all areas of installment lending with an
aggressive, outgoing personality. Send resume to
Charles D. Rogness, P.O. Box 1718, Sioux Falls, SD
57117.____________________________________
(PA)

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 /o
Northwestern Banker._________________________ (PA)
Agressive junior loan officer for $22 million bank in
central Nebraska town of 30,000. Salary open
d epend ing on e xp e rien ce . Som e c o m p lian ce
experience helpful. Call Bill Marshall or Jon Luebs at
(308) 384-5350.__________________________
(PA)
AG LOAN OFFICER— 3-5 years ag loan experience.
Degree p referred. S alary c o m m ensu rate w ith
experience. Excellent benefits, bonus program.
Phone Billings, Montana, (406)248-1860._______ (PA)
Branch Manager position. Knowledgeable and
aggressive Individual with ability to make calls and
contacts. Send resume to Charles D. Rogness, P.O.
Box 1718, Sioux Falls, SD57117._______________ (PA)
Ag Loan Officer north central Iowa bank. Three to four
years of experience essential. Would be part of
management team. If interested call David Rouse or
Wendell Bailey at (515) 448-5161._______________ (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 +
Marketing Officer with bank background to head
department for $60 million bank. $23,000-$25,000

SERVING PROFESSIONALLY
Banking, Financial & Business Personnel
Iowa and Nationwide

CAPITAL PERSONNEL SERVICE

R e lia b le

714 Central National Bldg. 515-283-2545
Des Moines, Iowa 50309

r e s p e c te d

s e r v ic e

fo r o v e r 2 0 y e a r s

UPDATE YOUR ALARMS
U sed

by

bank ers

t h r o u g h o u t th e m id w e s t

Ben E. Marlenee Coins

Professionally installed closed circuit
television and 35mm auto cameras.
A u to m a tic ta p e d ia le rs and p o lic e
panel connection are available to suit
your needs.

913 L ocu st
D e s M o i n e s , Io w a 5 0 3 0 9
5 1 5 -2 4 3 -8 0 6 4

TRUST O FFICER— 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 2 +
years experience. W ill do all 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 Division

ROBERT HALF

Trainee— Operations & Loans $7 million bank SW
Nebraska. Phone(308) 334-5236________________(PA)

Sale of Rare Coins
and

OPERATIONS— South Dakota bank needs operations
officer. Supervise bookkeepers and tellers. Will
handle all reports. $17,000.

I LeasePlan.Inc.

Ag Representative $22,000-$25,000

Purchase of Collections

v p — 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.

OPERATIONS— Assistant to operations officer in
large Iowa bank. Must have operations experience, be
aggressive and prospect-oriented. W ill supervise 15
$23,000.

Write or call Malcolm Freeland, Freeland Financial
Service, Inc., 3 0 6 - 15th Street, Des Moines, IA 50309.
Phone (515) 244-8163. Employer pays fee.
(PA)

Estate Appraisals

LENDING— Rural Iowa bank. Handle Instalment loans
and collections. Also do some ag lending. Must be
able to work on own. $15,000

BANKERS PARTICIPATING

Instalment Loan O ffic e r....................................... $22,000
W rite or call Malcolm Freeland, Freeland Financial
Service, Inc., 3 0 6 -1 5th Street, Des Moines, IA 50309.
Phone (515) 244-8163. Employer pays fee._______(PW)

PARTIAL LIST OF
AVAILABLE POSITIONS

SECURITY SYSTEMS, INC.
AJW
3 9 2 0 Delaware
Des Moines, IA 50316 [515] 265-1161

J LA

— P -------- ----------------------- ,-----------.______________ __ _______

of iowa me.

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
CEO. . .I o w a ....................................................$30-35,000
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.
For more Information, give Linda (our banking special­
ist) a call today.

3C iri G4REERS, INC
m

j

AGRICULTURAL

(515)394-3145

PERSONNEL RECRUITERS

New Hampton, IA 50659

POSITIONS AVAILABLE
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 deslreto be Involved in community activities. . $32,000
M AR 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 O FFICER— 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 inagri 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
North Kansas City, Missouri 64116
_______________Phone (816) 474-6874______________

¡ ÍÍ; 9
31 N° rthwes.tern 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, mail items to above address.
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