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N o v e m b e r 2 4 ,1 9 8 6 D e s M o in e s , lo w a Norwest Econom ist Sees for 1987— • Slower Growth, B etter Trade Balance H E C U R R EN T “temporary zip” in the economy will fade, and 1987 will bring slower economic growth, accord ing to Sung Won Sohn, chief eco nomist for Nor w est C o rp o ra tion. W riting in the corporation’s bi monthly publica DR. SOHN tion, Economic Indicators, released November 5, Dr. Sohn pointed out th at a tempo rary rebound is currently underway. “ In order to beat the Jan u ary 1st deadline for current depreciation al lowances, businesses are trying to complete construction and equip ment purchases,” Dr. Sohn said. “ Similarly, consumers are purchas ing big-ticket item s to take advan tage of the sales ta x deduction this year.” He added th at “ 1987’s sluggish economy will be brought on primari ly by weaknesses in consumer spending on big-ticket item s and in business investm ents on equipment and commercial construction.” The economist said, however, th at the weaknesses will be partially off set by improvements in the trade de T ficit. Dr. Sohn also sees no recession “in the foreseeable future” because of the growing importance of the ser vice sector of the economy and a boost in manufacturing employ ment, which will benefit from the narrowing trade deficit. “Consumers have been the back bone of economic expansion, while the trade deficit has been a drag,” Dr. Sohn said. “ In coming months, the rates will be reversed.” Citing real disposable income as the backbone of consumer spending, Dr. Sohn said th at “consumers’ buying power, helped by an oil-in duced drop in the inflation rate, will increase only slowly as prices start to inch upward again.” He pointed to the record level of consumer debt in relation to income as reason for a predicted fall in spending and said th at the “deterio rating financial position of consu mers indicates th at consumer spend ing cannot continue to sustain eco nomic growth; real income growth will be slower, and debt burden is high. Big-ticket item s, which depend heavily upon consumer debt, could run into rough weather.” Calling the past trade deficit “the biggest negative for the economy,” Dr. Sohn said there is evidence now th at the deficit picture is beginning to improve. “ U .S. exports are becoming more price-competitive, and orders from overseas are rising, thanks to the dollar depreciation. Im ports, espe cially manufacturing imports, have shown slower gains, and reductions in farm price-support prices have sparked a rebound in wheat and cot ton exports,” Dr. Sohn pointed out. He expects increased exports to result from a weaker dollar and from more exports to countries experienc ing “booming economic conditions,” such as Korea and Taiwan. The economist warned, however, that, “ since our taste for imports and economic conditions overseas explain about two-thirds of the trade deficit, the trade picture is not likely to improve overnight, despite the weaker dollar.” “However, he said, “the depreci ating value of the dollar, moderate economic growth overseas and the threat of protectionism mean an im proved outlook for the balance of trade.” Sung Won Sohn is the chief econo m ist for Norwest Corporation, a $19.6 billion diversified financial serv ices o rg an ization w ith 77 commercial banks and several spe cialized financial companies operat ing in 44 states and internationally. □ COUNTONIt Count on Commerce for superior capabilities and personal attention to your correspondent banking needs. A combination weVe upheld for more than 120 years. Give us a call. 1800 892*7100 1800 821*2182 - * https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis * * (Outside Missouri) i» t Commerce Bank W o f K a n s a s C ity 2 Iowa News “ Inside Bankruptcy: Rules of Play for Bankers” and “ Countdown to Double Jeopardy” with a detailed analysis of Chapter 12 will be held Dec. 16 at the Hotel Savery in Des Moines. Jam es T. Burghardt, Esq. will present the bankruptcy semi nar. Immediately following the seminar, a special program, “Count down to Double Jeopardy,” will be presented by Wes Ehrecke, IB A vice president of government rela tions and Tom Salsbery, attorney with Davis, Hockenberg, Wine, Brown, Koehn and Shors law firm in Des Moines. Registration begins at 7:45 a.m. with the program held from 8:30 to 10:45 a.m. Lunch will MNB Correspondent Banker Together We Can Accomplish Great Things Call 319-398-4789 or toll free 1-800-332-5991 Strength of \ Eastern J |owa Merchants National Bank if i Cedar Rapids. Iowa 52401 Member F 0 1C https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A BANKS OF IOWA BANK be held from 11:45 a.m. to 1:00 p.m. with the program resuming until 4:15 p.m. “ Countdown to Double Jeopardy” follows from 4:30 to 6:30 p.m. R egistration fee includes breakfast, breaks, lunch and hand outs. Cost in advance is $115 for members, $150 for subscribers and $175 for nonmembers. After Dec. 12, the cost is $20 more. Contact the IB A for more information. by the Des Moines-based multi-bank holding company. Regulatory approval is expected to take six months. Mr. Schultz said, "A major factor in our final decision to bring the two banks in Grundy Center under single owner ship was the firm belief that the community will be far better served with one strong locally-owned bank when the alternative might be two smaller banks, both vulnerable to outside own ership and control.” Plans call for continued use of both bank buildings in Grundy Center and Hawkeye’s Holland office. Grundy National Bank, chartered in 1934, has served Grundy County for more than 50 years. With the acquisition of Hawkeye Bank and TVust, it will become the largest bank in the county. According to recently published statem ents of condition, Grundy National Bank’s assets totaled more than $44 million, while Hawkeye Bank and TVust reported over $27 million in assets. ^ ^ ^ q £ 0 * * * INDIANOLA: Jim Davies, president The IB A Commercial Lending of Peoples TVust and Savings Bank School will be held Feb. 8-14,1987 at of Indianola, recently received the Iowa State University. Tuition is "Employer Golden Key Award” pre $700, which includes room, meals, sented by the Indianola Business and casebook and study materials. For Professional Women’s Organization at more information, contact Robbie the 39th annual awards banquet. Adelman, IB A , 430 Liberty Build Each year the award is given to an ing, Des Moines, la., 50308. The in employer who has helped open doors formation booklet containing fur for women. At Peoples Bank, women ther details will be sent to interested officers comprise 75 percent of the total bank officers, in positions rang applicants after Nov. 14. ing from assistant cashier through senior vice president. DES MOINES: The agreement among F irst In terstate of Iowa, Inc. and Graham Investment Co., Des Moines, KNOXVILLE: The Iowa State Savings for Graham to purchase the F irst Bank has announced that Stuart L. Interstate Bank Building and retail/ Job will be joining the bank as vice office parking structure at Locust and president on Dec. 1. He has been emSixth Ave. has been completed. The ployed in Davenport by the State of sale price was not disclosed. Both First Iowa, Department of Banking, as a Interstate Bank of Des Moines, N.A. bank examiner. and First Interstate of Iowa, Inc. will continue to be the property’s primary tenants. The building will retain its Nebraska News identity as the First Interstate Bank Building. NORFOLK: The Bank of Norfolk has acquired First Savings Company The GRUNDY CENTER: Arnold Schultz, Norfolk bank was granted approval to president and chairman of Grundy purchase the assets of First Savings National Bank of Grundy Center, and Company on Oct. 29. The newly ac Dwight Stewart, president of Hawk- quired downtown branch office, located eye Bank and Trust of Grundy Center, in the McMill Building on 125 South have announced that an agreement Fourth, makes this facility the third has been signed for the purchase of branch for the Bank of Norfolk. Debra Hawkeye Bank and Trust by Grundy Jorgensen has been elected the new National Bank. The purchase is sub downtown branch manager. She joined ject to approval by regulatory authori the bank in 1984. Peggy Novotny will ties. Hawkeye Bank and Trust was one also be on the downtown staff. Em of 17 banks offered for sale last June ployees of First Savings Company at # ® # • _ ® ^ I— H S iM MM m m lË&àü ■Hi Im m ■ mm ■ ■ The performance of your bank’s bond portfolio is based on sound thinking and quality investments. Investments that will consistently work at full power to contribute to the earnings of your bank. Bond portfolio recommendations have been our specialty since the 1920s, and our track record is enviable. Although investment vehicles and markets have changed, we’ve maintained our high standards. The result is success for our customers and a reputation that precedes us. For confidential consultation about the benefits of investment banking at United Missouri, call (816) 556-7200 today. U N IT E D M ISSO U R I R A N K of Kansas C ity, n.a. Member FDIC https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis P.0. Box 226 Kansas City, Missouri 64141 4 C a ll o n th e “ E x p e r ie n c e d P r o fe s s io n a ls ” ^FirsTierB ank Ready to m eet your correspondent needs. the time of the acquisition have been transferred to positions within the Bank of Norfolk. OMAHA: Duane W. Acklie of Lincoln has announced the successful comple tion, through his group of investors, of his offer to purchase stock of Packers Bank and TVust Company, Omaha. Regulatory approval was granted Oct. 15. Long-time Omaha banker, Edward A. Kohout, was recently named presi dent and CEO of P ack ers B an k. Rodney P Vandeberg of Falls City, has been named chairman of the board, chairman of the bank’s newly-formed executive committee, and chairman of the loan committee. Minnesota News CHOKIO: The board of the FDIC has approved the assumption of the de posit liabilities of Chokio State Bank by First Bank of Chokio, a newlych a rte re d su b sid ia ry o f B a rro n Bancshares, Inc., Chokio. The failed bank’s only office reopened on Nov. 10 as First Bank of Chokio. Chokio State Bank, with total assets of $11.6 mil lion, was closed on Nov. 7 by Minne sota C om m issioner of Commerce Michael A. Hatch, and the FDIC was named receiver. First Bank of Chokio assumed about $11 million in 2,400 deposit accounts and has agreed to pay the FDIC a purchase premium of $25,100. It also will purchase certain of the failed bank’s loans and other assets for $4.7 million. T dfacilitate the transaction, the FDIC will advance $6.3 million to the assuming bank and will retain assets of the failed bank with a book value of about $6.9 mil lion. Lincoln 13th & M Streets, Lincoln, Nebraska 68501 ST. PAUL: American National Bank of Saint Paul has promoted Susan Carlson to vice president and director of marketing. She joined the bank in 1981 and most recently served as as sistant vice president. n .a ., Lincoln, Member f d ic 1:00 p.m. The program will resume at 1:00 until 1:45 p.m. From 2:45 to 3:30 p.m., "Innovative Life Insurance Con tracts” will be presented. "Credit Life and Health Insurance” will be dis cussed from 3:30 until 4:30 p.m. Regis tration fees are $50 if received by Nov. 28. After that date, cost is $70. W isconsin News KO H LER: First Interstate Corpora tion of Wisconsin has realigned its senior management due to rapid growth of the company and major changes taking place in the financial services industry. David C. Beck has been elected chairman and chief executive officer of the corporation. He previously served as president and CEO. Richard D. Pauls has been elected chairman of the executive committee of the corporation. He has been with F irst Interstate since 1967. Herbert G. Weber has been elected president and chief operat ing officer of the corporation. He previously served as executive vice president and chief financial officer. North Dakota News The North Dakota Bankers Associa tion will hold its "Essentials of Life Insurance” seminar on Dec. 11 at the Holiday Inn in Minot. Frank J . Engelhardt, a Chartered Life Under writer and Certified Financial Plan ner, is the speaker. Registration begins at 8:30 a.m. with an "Introduction to the Essentials of Life Insurance” fol lowing from 9:00 to 10:30 a.m. From 10:45 a.m. to noon, "Types of Policies and Their Uses” will be discussed. The luncheon will be held from noon to I t's easier to talk Iowa banking with people who live it — people like Ben Eilders and the correspon dent staff at Bankers Trust. B an ke rs Tru st Des Moines, IA Colorado News DEN VER: Central Bank of Denver has promoted Garth S. Gibson to vice president in the retail banking area. He joined the bank in 1981 and has served the bank in a number of departments. JU L E S B U R G : The FD IC has ap proved the transfer of insured deposits and fully secured or preferred deposits of the Sedgwick County Bank, Julesburg, to the First National Bank of Julesburg. Fully insured deposits of the failed bank were available Nov. 7 at the office of the assuming bank. Checks drawn on the failed bank’s accounts will continue to be honored. Sedgwick County Bank, with total as sets of $3.8 million, was closed Nov. 5, and the FDIC named receiver. Its de posits totaled about $3.7 million in 900 deposit accounts including only $500 in one account that exceeded the feder al insurance limit of $100,000. The new bank is paying the FDIC a pre mium of $2,500 for the right to receive the transferred deposits and will pur chase the other assets of the failed bank for about $1 million. LOVELAND : Lee Tedesco and Allan J . Becker have been named vice presidents of The Home State Bank. Both men were commercial loan offi cers. Mr. Tedesco has been with the bank for five years, and Mr. Becker for four years. STERLIN G : David J . Roubik has been elected president of Colorado National Bank—Sterling. He joined the bank in 1974 and was elected vice president in 1978. C all 1-800 -3 62-1688 or 5 1 5 /2 4 5 -2 4 2 4 . https://fraser.stlouisfed.org Member FDIC Federal Reserve Bank of St. Louis Firsiier Bank, Ben Eilders Senior Vice President ^ # 0 # # # ® ^ _ ® ■ CAREERS, IN C. AG BANKING PERSONNEL SPECIALISTS BANKERS AVAILAB LE J-1 AG LENDER—Ready to enter commercial banking after 4 yrs. with Farm Credit System. Worked his way up to Branch Mgr. of PCA in short order, then put in charge of special accounts after merger. Performance reviews are outstanding; “ One of the most promising young lenders I’ve seen, really gets things accom plished. Enjoyable to work with and shows good drive and com mon sense.” Double major in Ag Bus. and Commercial Econ. $30,000. J-2 LOAN OFFICER—Farmed for several years before getting his degree in Bus. Admin, then accepted position in local bank where he’s spent the past 3 yrs. learning all phases of banking. Handles consumer and ag loans, call reports and monthly perfor mance reports. Ready to move for better opportunity. $24,000. J-3 VICE PRES.—“ Qualified and competent; equipped to handle responsibility,” says co-worker about this aggressive young banker. Heavy in ag lending, but involved in other areas also. “ Documentation and people skills are two of his strengths. Made FHA guarantees work, forceful when situation calls for it, but not overbearing. Great attitude,” states reference. B.S. Bus. Mgmt., Ag Credit School, Principals of Banking, Installment Credit schooling, FmHA Approved Lender, insurance licenses and good computer skills. $30,000. J-4 ASST. VICE PRES—Hired by major bank holding company right out of college, he’s received extensive training, schooling, and hands-on experience in and consumer lending for past 3 yrs. Currently handles $5mm in loans, good workout and negotiation skills. References says, “ He got top grades in college and has continued to be a high achiever at the bank. No question about his credentials or abilities—he’s one of the very best.” B.S. Ag Bus/Commercial Econ. $30,000. S-5 VP AG—“ Very motivated. Arrived at work at 6 a.m. Good at documentation. I wish I still had him,” reports former supervisor. “ Very friendly and gets along well with customers,” adds refer ence. Ten years bank experience and currently a loan officer with the Farm Credit Service. Seeks to pursue ag credit management. B.A. $30-$35,000. S-6 PRESIDENT OR EVP—Well experienced as both bank president and EVP. Handles $10 million loan portfolio of ag, commercial, real estate and consumer. Very active in community. “ Skillfull at credit workouts. Generates new business. Wants to relocate out of home community,” reports reference. BA $40-$50,000. S-7 VP AG/COMMERGIAL—Offers both experience as a PCA loan officer and VP of a bank servicing ag and commercial loans. Has taught farm management and graduated with excellent grades in Ag. Has attended a number of seminars related to improving credit skills and marketing bank services. $28-$32,000. S-8 AG LOAN OFFICER—Impressive young man will represent your bank well. Four years experience as an ag loan officer in a bank servicing loans and acquiring new business. “ He is highly quali fied. Good in credit analysis. Highly motivated. Good communi cator and meets people well,” reports reference. Degreed. $25- $28,000. J-9 VICE PRES. AG.—Responsible for $6mm in loans in main bank and branch offices. Strongest in ag lending and FmHA guaran tees, but also works with consumer and commercial lines. Has 10 yrs. of successful ag business sales and management prior to banking career. References include: “ Exceptionally good lender, can pull the hot water out of financial statements.’’...“ Very good with people; maintains their good will and respect even in tough est situations, and gets results.” ...“ Positive attitude and good business sense.’’...“ Excellent appearance and professional man ner.” $27,000. J-10 EXEC. VICE PRES.—Currently #2 in $40mm bank, in charge of $15mm in ag, commercial and real estate loans, and supervision of four loan officers. Spent 5 yrs. as PCA Branch Manager before entering bank 6 yrs. ago. “ Extremely good at working through ag problems, but can’t be pegged as ‘clean up man’; his style keeps customers friendly and willing to work with us, and would be suc cessful in bringing in new business. He dramatically reduced problem loans. Will be hard to replace,” were references for this seasoned young banker. B.S. Ag. $40,000. J-11 EXEC. VICE PRES.—In charge of $10mm ag portfolio in $50mm bank. Responsible for major reduction in classified credits, large percentage of guaranteed loans, upgrading docu mentation system, and substantial drop in compliance errors. Detail oriented and profit minded. Reference says, “ Really serves as right-hand man to president. Can develop a workable loan policy. Comptroller has commended him on his value to bank; brought in an excellent system for analyzing credit, and his docu mentation is used as example for other banks. Great rapport with people, and loves his work.” B.S. Bus. Admin. $40,000. Our reputation of maintaining our candidates9 confidentiality enables us to attract a select group of ag bankers and lenders... those currently employed and not actively job hunting but ready to make a move for the right opportunity. , JEAN EDEN 712/779-3567 Hwy. 92 W. Massena. IA 50853 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Let us know your needs without commitment; we won’t 1hound9 you with phone calls or ‘flood9you with resumes, and there is no fee unless you hire. SANDI GARNER 515/394-5827 Hwy. 63 S. New Hampton, IA 50659 BANKERS AVAILABLE S-12 V.P./LOAN OFFICER —Familiar with operations, collections, FmHA guarantees...all types of lending. “ Super smart young fellow, quick learner and grasps concepts easily. Aggressive, likes responsibility and not afraid to handle a task,” expounded a co-worker. Bus. degree. $25,000. S-13 E .V .P . —Iowa State University graduate with four years of banking experience. Presently employed in 12MM bank. “ He knows how to get the point across with customers and employ ees...good communication skills...and spends more hours then is required for the job,” related a reference. A highly rated indivi dual with lots of enthusiasm to get the job done and done right. Knows credit, a sharp dresser and many awards for outstanding achievements. $28,000. S-14 AG LOAN OFFICER—“ Professional in appearance, a real self starter and catches on quickly...doesn’t need a lot of direction. Likes challenges, has high aspirations and a very community in volved couple,” says reference. “ Bottom line, people person, and timely,” were all comments made by sources who have worked with this individual. ISU graduate with a farm back ground. $28,000. S-15 PRESIDENT —Fourteen years of banking experience. KNOWLEDGEABLE WITH AG CREDIT AT IT’S BEST. “ Handles people well and is a good motivator. You bet he can do the job as a CEO!,” quoting a president of another bank. Has attended sev eral banking schools and knows banking from the bottom up. College graduate. $48,000. J-16 EXEC. V.P./PRES.—Nearly 20 yrs. banking experience. Cur rently running small rural bank, in charge of all lending, opera tions and personnel. References include: “ Top notch individual, and a straight shooter. Doing a good job in a bad situation. Excel lent credentials, experienced in clean up and knows when to be tough, but very well-received by borrowers. Can look at the paper and know if the loan will work.” Strong analytically, keeps control of situation. Very good lender and manager.” B.S. Ag, Grad School of Banking, Ames Ag Credit. $42,500. J-17 VICE PRES.—Offers 10 yrs. banking experience. Currently in charge of $5mm ag and small commercial loans, involved in operations and insurance. Set up farm loans on computer, handles workouts and all FmHA guarantees. Supervisory skills also. “ THE most conscientious person I’ve met. A well-versed banker with sound ag lending skills. Works hard, good forsight and judgment, and it shows in his loans. Steady as a rock,” quoted reference. $35,000. J-18 AG LOAN OFFICER—Ag lender in small rural bank for past 2 yrs. Handles $3mm in ag and installment loans, plus insurance business. Ready to advance his career and assume more re sponsibility, and references speak highly of his skills and perfor mance. B.S. Ag Bus. from ISU, licensed in commercial, personal, A & H and life insurance. $27,000. J-19 SR. VICE PRES.—Second in-charge of $35mm bank. Handles $10mm in ag and commercial loans. Recovered loans thought to be in loss status, works with FmHA and SBA guaranteed loans and restructuring credits. Over 12 yrs. in banking, strong PR skills, and gets involved in community. B.S. Ag Econ. from ISU, graduate of Am Bankers Assoc. Grad School of Ag Banking, holds insurance licenses. $38,000. S-20 AG LOAN OFFICER—Experienced as both a FLB ag loan offi cer and Assistant Co. Supervisor with FmHA. Farmed after father killed in accident. “ Very capable and excellent loan officer. Peo ple can accept what he says and don’t come over the desk at him,” says supervisor. He adds, “ You can tell I think alot of him. I would take him back in a minute.” B.S. Ag. $23-$25,000. S-21 SR. C0MMERCIAL/AG LENDER—Ten years as a Senior Com mercial Loan Officer plus ag loan experience. Recognized for de veloping new business. “ He can handle problems and make decisions. I’d hire him at any cost,” reports banker who knows him well. Degreed. $33-$37,000. S-22 LOAN OFFICER —I.S.U. ag. finance graduate. Four years of bank lending experience...all facets. “ Excellent personality, detail oriented and good in documentation,” expounded a reference. Top notch individual willing to put in the hours to get the job done. $21, 000. S-23 A.V.P./CASHIER—Currently employed at 32MM bank. Basically ag, but handles all types of lending and operations. SHARP, has confidence in himself, conservative and offers seven years of banking experience. Graduate of Iowa State University with bank examiner experience. $34,000. S-24 LOAN OFFICER—“ Enjoys his work, interested in people, very thorough...good detail and documentation. Lots of potential!” quoting president of bank that tried to hire him. Four years bank experience with a Business degree. $23,000. POSITIONS AVAILAB LE Continuous demand for banking professionals. Our CONFIDENTIAL service allows you to explore career opportunities in banking without risk to your current position. No contacts are made without your prior knowledge and consent. All fees paid by employers. 1. AO LEN DER —S200MM bank seeks person with bank, PCA, FLB or FHA. Two to six years exper ience ag lending, farm visits, computer and cash flow knowledge. Exceptionally strong bank. $24,000-32,000. 2. AG LEN D ER —Central Iowa community needs vice president. Excellent location. Close to larger metro areas. Five to six years bank experience. Need good marketing skills, know ag and some commercial lending. Great opportunity! $30,00040.000. 3. EVP/PRESIDENT—Location is fantastic as far as the state of Iowa for this bank. $20MM bank with good growth potential. Supervisory skills and overall bank experience required. $40,00050.000. 4. CEO—$10MM bank is sought in small town of 712/779-3744 92 W., M assena, Iowa 50853 Digitized Hwy. for FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Minnesota. Chief lending officer and manager are duties for this position. Must be able to meet public and communicate with farmers. Five years experience. $30,000 + . 5. VICE PRESIDENT—Ag loan department position available in $90mm bank. Fine community of over 20,000 people. Candidate must be able to take charge of loan division in ag, rebuild new business and market. Five years experience. $35,000. 6. #2 M AN—$55MM bank located in very nice county seat town in Iowa looking for #2 man in the bank. Must be strong in loans, bank opera tions and have 5 to 10 years experience. Don’t overlook this opportunity. Top of $40,000. 7. AG LOAN OFFICER—Good business community located in dairy and hog area has $33MM bank agr/ oirœrs,inc. needing an ag loan officer. Will be in charge of farm calls, getting new accounts, credit analysis, etc. Minimum of two years experience. $25,000. 8. PRESIDENT—$75MM bank located in Wiscon sin community close to other larger cities. Number one rated bank needs confident leader who can handle ag loans and supervise activi ties of others as well as operations. Ten years of bank experience is required. $48,000 + . 9. VICE PRES/AG LOANS—Profitable bank, solid ownership and very choice Iowa location. Re quires 3-5 yrs. ag lending experience from bank or Farm Credit System. $30,000 + full benefits. 10. DRANCH M ANAGER—$20mm bank seeks ag gressive person with minimum of 5 yrs. ag credit, banking and management experience. Will supervise staff of 5. $30-$40,000. 515/394-3145 Hwy. 63 S., New Ham pton, Iowa 50659 W .O .R.K . WE ORGANIZE RECORD KEEPING Your bank does not have to have, a good, low cost, AG LO AN RATING, G R A D IN G & ST A T E M E N T SY S T E M BUT if you do, you will have saved your weekend, when the FDIC requests that OFF SITE REVIEW due by the 15th, because the information is already assembled. you will have organized the borrowers file, making loan reviews more thorough and less time consuming for typist to assemble. FO R M O R E IN FO R M A T IO N ABO U T A LOW C O ST AG LO AN RATING & G R A D IN G S Y S T E M THAT C A N 1. produce a loan customer grade 6. track 4 years spread analysis 2. produce a statement of net worth 7. track 4 years of key ratios 3. produce a statement of assets 8. classify (watch, special mention, 4. depreciate the equipment schedule 5. save time substandard, doubtful) 9. be changed 10. produce uniform ratings within your bank(s) [Similar Format Available For Commercial Borrower] W ritten by a Nebraska Banker on Lotus & a PC C A LL O R W RITE BOB LUKKES W.O.R.K. We Organize Record Keeping Div of Bankers Electronic Equipment, Inc. 811 W. 4th Street Grand Island, NE 68801 (308) 384-7478 NE Wats (800) 652-9336 Ext. 227 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Nat’l Wats (800) 223-2242 Ext. 227 M agnum V au lt D oors Ship from stock - Two on display in our showroom The industry’s highest quality and the industry’s lowest cost Bankers Security—Safe and Vault 9906 A E . 53rd St. Raytown, MO 64133 816-358-0883 NEW OPPORTUNITIES COMMERCIAL LENDER for $30 million bank located near state university. Requires 5 or more years experience han dling loans of $250,000 or better. Candidate will be a part of management team.................................................Salary to$35,000 CREDIT ANALYST for $80 million bank in city of 100,000. Prefer degree and commercial loan background................ ......................................................................Salary to $35,000 COMMERCIAL LENDER for $60 million independent bank in thriving county s e a t ............................................. Salary to$37,000 FIGHT LUNG DISEASE WITH CHRISTMAS SEALS'. POSITIONS AVAILABLE Strong midwest bank group seeks qualified applicants to fill positions in recently acquired banks. PRESJCEO, COMM’L and AG LENDERS. Send resume to File No. WHH c/o Northwestern Banker. (PA) Wanted CASHIER LEVEL OFFICER with 5 yrs. or more ex perience. Will handle ag. commercial and consumer loans. Operations experience desirable. Good compensation & fringe benefits. Clean ag bank in SE Minnesota. Send in quiries to File No. WHG c/o Northwestern Banker. (PA) CASHIER $26MM S.E. Iowa Bank. Minimum three years banking experience in operations. Excellent opportunity for a professional banker with degree. Send resume to File No. WH F c/o Northwestern Ban ker. (PA) $12MM eastern Iowa bank near Iowa City has an opening for individual with experience in LOANS AND OPERA TIONS. Send resume and salary requirements to File No. WHN c/o Northwestern Banker. (PA) SENIOR LENDING OFFICER. N.E. Iowa commercial bank —S200MM total assets, $100MM total loans—seeks indivi dual to direct and manage all lending functions. Portfolio includes commercial, consumer, agriculture & real estate credits. Senior management position. Top salary and ex cellent benefits. Forward resume to File No. WHO c/o Northwestern Banker. È.O.E. (PA) FOR SALE NCR 775 PROOF MACHINES, 8 pocket. Under mainte nance contract. Call American State Bank, Oldham, SD. (605) 482-8293. (FS) TAKE CARE OF YOUR LUNGS. THEY’RE ONLY HUMAN. AMERICAN LUNG ASSOCIATION The Christmas Seal People® Space contributed by the publisher as a public service. SHÂRP~SF756~piSÏÏTPAPER- COPY-MACHiNÉrTvï- ÿrs: OPERATIONS VP Dynamic, fast growing billion $ + organization has prime pos at the VP level. Bank is located in Irg metro area and needs executive w/mgt skills, 8 + yrs of operations in a 200m or larger comm’l bank. $50K. MORTGAGE LENDER Take-charge pos for achievers only! Leadership role In $30m institution for lender who has mgt, consumer, mort gage $ R/E lending knowledge gained over 4 + yrs in S&L or bank. $32K + . FOR FURTHER INFORMATION CONTACT KURT ROSENCRANTS m 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 A LL FEES COMPANY PAID Please contact Malcolm Freeland concerning these posi tions or for other current openings. RYAN AUCTION CO., INC. Decorah, Iowa 52101 Farm Equipment Specialist Appraisals & Auctions Call Dale Ryan 319-382-8648 Serving bankers quietly and efficiently. CAPITAL PERSONNEL SERVICE 714 First Inte rsta te Bank B uilding Des Moines, Iowa 50309 515-283-2545 POSITIONS AVAILABLE CASHIER - $25MM Ag Bank. Requires background with inhouse minicomputers and some knowledge of Agri Loans. $30K KARDEX CHECKVEYER like new. Has been under main tenance agreement. Model #KVS80. Contact Roger Huinker. (319) 382-2991. (FS) PRESIDENT - Agri Bank with problem loans. Should have administrative experience and solid Agri Loan skills. $40K OPERATIONS - manage department of 35 for large urban bank. Experience with deposit accounting and account services required. $38K DON "Successful Banking is Quality Personnel" PRESIDENT, $20mm country bank ............... Open AQ LOAN OFCR Solid rural bk near Irg city seeks exp lender. Looking for strong loan analysis, documentation skills plus good understanding of ag lending. Must have 2 + yrs of lending in a bank & will oversee a $6m portfolio. $28K. 1010 Equitable Bldg. Das Moines, IA 50309 515/282-6462 Employer pays fee. old. Always been under serviceagreement. $875. Call Westchester Savings Bank at (319) 698-2225. (FS) POSITIONS AVAILABLE P O S IT IO N S A V A I L A B L E Financial Careers (Division of Freeland Financial Service, Inc.) AGRI LOAN - community bank with large Ag portfolio. Seven yrs. or more Ag Lending experience needed. $35K COMMERCIAL LOAN - large suburban bank with $100MM loan portfolio. Degree and minimum 3 yrs. comml lending experience with six figure credits. $32K Additional positions available in Midwestern states. PRESIDENT, $ 5 0 + mm bank in progressive, growth t o w n ......................................................Open TOM HAGAN & ASSOCIATES PRESIDENT, $35mm bank, 15,000 population, solid b a n k ..........................................................Open 2024 Swift - Box 12346 North Kansas City, MO 64116 816/474-6874 PRESIDENT, $10mm country bank auto + $28,000 “Serving the Banking Industry Since 1970” PRESIDENT, $45mm country bank ........................ .................................................auto + $45,000 + + COMMERCIAL LOAN OFFICER, $ 1 0 0 + + bank, progressive, growth area ............................... Open REAL ESTATE LENDER, $75mm bank, 12,000 population ...........................................$35,000+ + COMMERCIAL VICE PRESIDENT, $100mm bank, 10,000+ population ........................................Open M A N A G E M E N T , INC. AG LENDER, $100mm bank, 10,000+ population . ............................................................................ Open Consultant to Bankers COMMERCIAL V.P., $300 bank, excellent location. ......................................................... range of $40,000 • Loan Review and C redit A d m in istra tio n COMMERCIAL/AG LENDER, $30mm bank, 1,000+ population ...................... range of $32,000 #2, EXECUTIVE VICE PRESIDENT, $100mm bank, 40,000 pop....................................... range of $55,000 DON W. SCHOOLER 2508 East Meadow Springfield, Missouri 65804 (417)882-2265 • P rofit Planning 773 Spruce Street P.O. Box 159 Ocheyedan, Iowa 51354 Phone: [712] 758-3440 Vol. 15 No. 32 Northwestern Banker Newsletter (USPS 873-300) is published weekly by the Northwestern Banker Company, 1535 Linden Street, Suite 201, 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 to Northwestern Banker, 1535 Linden St., #201, Des Moines, Iowa 50309. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
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