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• Vol. 14 No. 32 Des Moines, Iowa November 25,1985 ABA, IBAA United on FCS Bill • • P J RESID EN TS o f the American ■ Bankers Association and the In dependent Bankers Association of America have signed a join t letter to House Banking Chairman Fernand St Germain requesting that he seek join t referral o f any legislation to provide federal assistance to the Farm Credit System. Am ong their reasons they list: • the Committees jurisdiction over “ financial aid to commerce and industry...” w • the possible use o f the Fed dis count window by the Farm Credit System. ^ • the role o f the FCS as a direct com petitor to banks. ^ They ask Chairman St Germain to consider several principles outlined in their letter, which follows: November 13,1985 0 Hon. Fernand J. St Germain Chairman H ouse Com m ittee on Banking, Finance and Urban A ffairs 2129 Rayburn House O ffice Bldg. W ashington, D.C. 20515 Dear Mr. Chairman: The House Agriculture Subcom m ittee on Conservation, Credit, and Rural Development is now consider ing proposals that would provide federal assistance to the Farm Credit System (FCS) and make sig nificant changes in the System ’s regulation and operation. It is im possible to determine the final form a proposal may take, but we are con fident that the Agriculture Commit tee will make a serious effort to act this year. Though the Adm inistra tion has not yet agreed to support financial assistance, it has not closed the door. In any event, the Adm inistration has agreed in prin ciple to im portant changes in the FCS. W e believe that, based on what we now know, any proposal that emerges from the Agriculture Com m ittee will have profound im plica tions for m atters within your Com m ittee’s jurisdiction, and we urge you to seek a commitment that such legislation will be referred to the Banking Committee. There are a number o f reasons why we believe the Banking Com m ittee’s interests are at stake in this matter: • M ost o f the proposals now on the table involve some form o f direct loan or line o f credit from the Trea sury to private entities, i.e. the units o f the FCS. Under House Rule X , clause 1(d)(7), the Banking Commit tee has jurisdiction over “ financial aid to commerce and industry...” W e need not detail for you similar assis tance program s that have been con sidered by the Banking Committee in recent years, except to cite the Lockheed, New York City, and Chrysler Corporation bills that Con gress adopted after Banking Com m ittee action. • Federal Reserve Board Chair man Paul Volcker testified before your Committee earlier this year that he was prepared to open the Fed’s discount window to the Farm Credit System if that became neces sary. Any legislation designed to assist the FCS should be examined by the Banking Committee in light o f this pledge by Chairman Volcker. •The Farm Credit System has long been an im portant, direct com petitor to the thousands o f commer cial banks that make agricultural loans. Both the FCS and these com mercial banks are severely affected by the current crisis in rural Amer ica. Yet, the proposals being active ly considered by the Agriculture Committee com pletely ignore the problem s o f commercial banks and their farmer and rancher borrowers. W e believe it is vital to the commer cial banking industry and rural com munities that any FCS assistance and reform proposal take into ac- YAKE, SPRENGER AND JENNINGS Getting it done for you. /¿St ^ Ernie Yake Bill Sprenger Tom Jennings 234-2483 234-2625 234-2484 Commerce B ank of Kansasaty https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis MEMBER FDIC Telephone (816) 234-2000 " 2 Norwest Bank Des Moines, N.A. Call (515) 245-3131 or toll-free (800) 362-2514 NORWEST BANKS Member FDIC Teamwork: one of the reasons we’re first in Iowa. M ark Conway Dorothea Wolfe attorney with the firm o f Brown, W inick, Graves, Donnelly and Baskerville, will round out the package o f lending seminars with a compre hensive review o f the form s, together with preparation, practices and procedures necessary to accom plish com plete loan documentation. Registration fee is $45 for the first registrant and $30 for each ad ditional registration. For more infor m ation and to register contact the I IB office in Des M oines. ♦ count the com petitive positions of the FCS and its commercial bank com petitors. • One purpose o f any assistance for the Farm Credit System would be to enable them to continue to sell their securities in the nation’s bond markets. The sede o f securities by oth er fed era lly-rela ted en tities whose activities affect the housing market, such as the Federal Na tio n a l M o rtg a g e A s s o c ia tio n (FNM A) and the Federal National M ortgage C orporation (FNM C), could be affected if FCS securities gain a greater federal backing than these housing-oriented agencies now enjoy. A s you can see, Mr. Chairman, the im plications o f Farm Credit System assistance legislation extend far beyond the concerns o f the A gri culture Committee, affecting mat ters o f direct concern to you and the Members o f your Committee. We strongly urge you to seek an appro priate referral o f any such legisla tion if it is reported by the Agricul ture Committee. Sincerely, B.F. Backlund President Independent Bankers Association o f America Donald T. Senterfitt President American Bankers Association Copy to all members of the House Committee on Banking, Finance and Urban Affairs. The Iowa Bankers A ssociation’s Mid-W inter Management Confer ence, “ Reaching New Heights in V ail,” will be held Feb. 26-28, 1986 in Vail, Colorado. Evening meetings will be held each day, with a welcome reception on the 26th, and cocktails/dinner on the 27th and 28th. Days are free for skiing, shopping and other recreation. Registration fees are $130 for members, $175 for subscribers and $260 for nonmem bers. For more inform ation about ac com m odations, etc., contact the IB A office in Des M oines. SID N EY: United National Bank o f Iowa has announced the appoint ment o f Martin L. M cCartney as president. Mike L. Keim, who for merly served as chairman and presi dent, will continue as chairman. Mr. McCartney joined the bank in 1982 as an officer and was elected to the board and as vice president in 1984. Iowa News ASK JE R R Y TR U D O to make MNB work for you. Toll free To follow up the November “ A gri cultural and Commercial Law Up date,’ ’ Iowa Independent Bankers is offering a nuts and bolts session on “ How to Docum ent Your A ssets” to be held December 5 at Carrollton Center, Carroll; December 10 at Sheraton Inn, Cedar Rapids, and December 12 at H otel Savery, Des M oines. Richard A . Miller, a Des M oines P rJm 1- 800- 332-5991 ft Merchants A National Bank IBI Member F.D.I.C. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A 'BANKS OF IOWA’ BANK h. peterderosier Vice President * * Nebraska News BROKEN BOW : Jerry Catlett has been named a vice president of Broken Bow State Bank. He will serve as a loan officer and assist in operations. He was previously em ployed by Arcadia State Bank as vice president and chief operating officer. G E N E V A : Clyde H askins has joined the Geneva State Bank staff •Personal •Prompt •Professional ! Count On Our oorresponaeni BanKers MARK CHRISTEN Vice President Valley National B ank ili DES MOINES, IOWA 50304 ___________ Member FDIC A BANKS OF IOWA BANK Call toll free (800) 622-7262 JBRfl Supplement to Northwestern Banker Newsletter 11-25-85 PAPER SHREDDER SALE BUY ONE — GET ONE FREE ! tÆSRC »***"«*'' AMERICAN M ADE ^ MODEL 1676 MODEL 1256 Purchase either of our two most popular models and you will receive Absolutely FREE A GBC Model 920 16’Throat- 18” Cutters 38-40 Sheets Per Pass Very Quiet Operation Plus... you will still receive a very generous discount on either of these models or on any other GBC Shredmaster machine. FREE MODEL 920 This waste basket style shredder is perfect for beside an executives desk or for sitting next to the copy machine. Please act soon- THIS IS A LIMITED TIME OFFER BANKERS EQUIPMENT 5 Sheets Per Pass With Opening For Regular Trash https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 11561 12th Avenue South, Burnsville, MN 55337 612-890-6661 or 1-800-328-4827 Ext. 1905 12” Throat- 14” Cutters 18-20 Sheets Per Pass Built In Wide Sheet Funnel. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Call on the “Experienced Professionals” Ready to meet your correspondent needs. as senior vice president. He pre viously served as executive vice president o f the Farmers State Bank in Aurora. KEYSTONE: John M. McLane has been prom oted to president o f the Bank o f Keystone, having been a vice president o f the bank for two years. He succeeds Jerry Wrage, president since 1970, who recently resigned. In addition, M ilton Sexson has been named vice president and loan officer. He was form erly the bank’s agricultural representative. Eleanor Piepho, who has been vice president and cashier, will assume additional duties as operations of ficer. LINCOLN: The National Bank of Commerce has prom oted four offi cers to senior vice president and two to vice president. John Sable becomes senior vice president o f finance, sec retary and treasurer o f First Com merce Bancshares; R oy Otte will be head o f the Bank Investm ent D ivi sion; Brad Korell is the new head o f the corporate banking division, and M ike Jacobson will be head o f the correspondent banking division. Stuart Bartruff was prom oted to vice president and will head the loan services administration department; and new vice president Jo Kinsey is in charge o f business development for the corporate banking division. ^ First N ational Lincoln AF''?ah& MS,reets, Lincoln, n e « bboi' ^ cember 11 in Brooklyn Park, and December 12 in Brainerd. Jerry Kenna, president o f Profit Protection, Inc., Miami, Fla., will present the seminar which is de signed for bank security officers. For more information, contact the M BA office in Minneapolis. * * * The M inneapolis Chapter o f American Institute o f B anking will be holding the follow ing seminars during the month o f December. A ll seminars will be held at the A IB Education Center in Minneapolis. December 3—A IB Amended Regu lation B: A New Regulatory Im pact on Your Bank Seminar; December 3—A IB The A rt o f N ego tiation Seminar. December 4—A IB Advanced Lotus Seminar. M IN N EAPOLIS: Marquette Bank Minneapolis has announced the ap pointment o f Andrew R. Guzman as vice president and director o f mar keting for the M arquette Banks and the naming o f Peter N. Miller as vice president o f marketing for the trust services group. M ost recently, Mr. Guzman was with Norwest Corpora tion, Minneapolis, as vice president and manager o f the private hanking m arket. M r. M iller previou sly served as assistant vice president for the ID S Trust Company o f Min NORTH PLATTE: The M cDonald neapolis. State Bank has announced the pro m otion o f Ken Haggard to executive Wisconsin News vice president and Don Weber to CASCO: Rudolph P. Hanamann has senior vice president and cashier, been named president and chief ex and the addition o f Paul Bachman ecutive officer o f Valley Bank o f as vice president. Mr. Haggard Casco. He succeeds W illiam D. joined the bank in 1981 as a vice Bushner, who was named president president and m ost recently served o f Valley Bank o f Oregon. Mr. Hana as loan manager. Mr. Weber joined mann has been with Valley Bancorthe bank in 1959 and has served in poration for 12 years. M ost recently numerous capacities. Mr. Bachman he has served as executive vice previously served as president and president since 1979. CEO o f the North Platte Production Credit Association. South Dakota News Minnesota News BROOKINGS: Lawrence H. Kolkman has been named president o f the Norwest Bank South Dakota, N .A., branch at Brookings. He has been manager o f the branch since 1983. The Minnesota Bankers Associa tion Security Committee will spon sor a one-day advanced Security Management Seminar to be held De 10 in North Mankato; De LEOLA: Leola State Bank has an Digitizedcember for FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis nounced the appointment o f Ralph Ramsey as executive vice president and director. Mr. Ramsey served as president o f B ig Stone State Bank for five years and m ost recently was a vice president at Dakota State Bank o f Milbank. Wyoming News RAW LIN S: Karen J. Lambertsen has been prom oted to administra tive vice president at Rawlins Na tional Bank. She has been with the bank for twenty years. Colorado News DENVER: A t United Bank o f Den ver, Dean K. Lehman has been named vice president. A product de velopment manager in marketing, Mr. Lehman joined the bank in 1980. DENVER: W ill F. Nicholson, Jr., president and chief executive officer of Colorado National Bankshares, Inc., has been elected to the addi tional office o f chairman of the board. He succeeds Bruce M. Rock well, who recently announced his re tirement as chairman o f Colorado National Bankshares, Inc. and CNB o f Denver. Nicholas R. Petry, chair man o f Petry-Vappi Construction Company, has been elected chair man o f Colorado National Bank of Denver. Both men have long been af filiated with the bank and its parent company. DENVER: Rick Bramer has joined Colorado National Bank—Tech Cen ter as vice president—lending. He has 15 years banking experience, having previously been associated with Pueblo Bank & Trust and United Bank o f Grand Junction. BANK TRUST OPENINGS Head of $10mm, $50mm & $100mm departments. No. 2 in depts of $50mm. Employee Benefit dept head & EB administrator. Business Development Officer in $1 + billion dept. Openings in Kansas City; Madison, Wl; Omaha, NE; IA; SD; ND & NE. Salaries $17-45K. Contact Barbara J. Ritta at PROFESSIONAL RECRUITERS, INC. P.O. Box 24227 Omaha, NE 68124 1-800-225-2885, In NE (402) 397-2885 CREDIT ADMINISTRATION B A N K IN G S P E C IA L IS T S Consultant available on a temporary or an Intermediate basis In an on line or advisory capacity specializing in: LENDING • TRUST • OPERATIONS • LOAN WORKOUTS • LIQUIDATIONS • DOCUMENTATION Serving the Entire U pper M id w e s t 22 years experience In acquisition and liquidation D.E. CHYMA 2932 7th St., Moline III., «1265 — All Replies Confidential — POSITIONS AVAILABLE SENIOR CREDIT ADMINISTRATOR North Central Minne sota $30 million bank looking for person with solid credit administration skills. Must have proven record of sound credit Judgment, working knowledge of UCC documenta tion, and skilled In commercial credit and financial state ment analysis. Responsibilities will Include initiating and maintaining on-going credit department for the bank and other banks which are presently in the process of being acquired by the holding company. Send resume to file WDW, c/o Northwestern Banker. (PA) AGRICULTURAL LOAN OFFICER to manage bank office. Must be call and marketing minded. Desire 5 yrs. banking experience. Send resume to Bob Scott, Boone State Bank, (515)432-6200. (PA) COLLECTIONS, AO A INSTALMENT LENDING. Prefer strong collection background or Finance Co. experience and business degree. Good loan documentation skills and farm background a plus. Evening educational opportunity, Mankato State Unlv., 23 miles. Will train in lending if need be. Good salary 15 to 30K commensurate with experience. Send resume, grades, & salary requirements, confidential, c/o Personnel Director, Security National Bank of Amboy, MN 56010.______________________________________ (PA) AG LOAN OFFICER for $70 million eastern Iowa bank. In dividual must have minimum of five years ag lending ex perience and be self-motivated. Excellent opportunity, good benefits. Send resume, references and salary re quirements to file WDY, c/o Northwestern Banker. (PA) The National Bank of Waterloo has an opening for a MAN AGEMENT TRAINEE. Must be degreed in Business, Fi nance, or Accounting. One to two years of previous bank experience would be a plus. Please send resume to: Na tional Bank of Waterloo, 100 E. Park Ave., Waterloo, Iowa 50704. Attn. Diane Good (PA) FOR SALE 1 BURROUGHS 8920 COMPUTER w/80 mill B, Winchester tape drive. 1 D1955 Burroughs computer w/130 mill B, disc pac tape drives. Contact: James Sneer, Farmers State Bank, Mt. Lake, M N (507) 427-2422. (FS) 2 NCR 776 SINGLE POCKET PROOF MACHINES. Under NCR maintenance. $400 each. Nat’l Bank Waterloo. (319) 291-5429. (FS) Diane Evans 816/842-3860 For Prompt, Courteous, Professionell Attention T o Y o u r S t a ffin g Needs, Call On Us. ______________________ RECRUITERS, INC. CASHIER for southwest Iowa financial Institution............ ...........................................................................Salary $18,000 1102 Grand Avenue, Kansas City, MO 64106 24x60 Temporary Bank Building with canopies for sale. Available Spring 1986 Equipment Optional If interested please call Dennis Prchal at (612) 224-1371 (FS) Serving bankers quietly and efficiently. CAPITAL PERSONNEL SERVICE 714 First Interstate Bank Building Des Moines, Iowa 50309 515-283-2545 "Successful Banking is Quality Personnel" POSITIONS AVAILABLE 1010 Equitable Bldg. Des Moines, IA 50309 515/282-6462 Employer pays fee. CONTINUING EDUCATION LIFE & HEALTH 10 hours/1 day - December 11 Adventureland Inn, Des Moines Pre-registration $55.00 Registration at door - $65.00 Call: American Equltel Insurance Agency (515) 276-6168 POSITIONS AVAILABLE CEO - S.E. Nebraska and S.W. Iowa banks of over $20M and $40M. Need 10 years or more experi ence. $40-65K. VICE PRESIDENT, COMMERCIAL $75mm + bank, some ag a plus, loan review a plus, excellent country town ................................. $40,000-343,000 COMMERCIAL LENDER - Need 2 + years in com mercial lending. Omaha. To $30K. PRESIDENT $50-$75mm bank, good town, primari ly ag, county seat ...........................$60,000-375,000 COMMERCIAL LENDER $100mm-t- bank, clean bank, excellent town, in charge of a portfolio of $8$10m m ............................................. $27,000-$30,000 MARKETING DIRECTOR $100+ bank, top outstate location ................................. $25,000-335,000 HEAD OF LENDING $60mm bank, commercial & ag, top location and t o w n .................. $50,000 + + CHIEF COMMERCIAL LENDER $100mm bank, Premiere Suburban location, $30mm commercial portfolio ......................................... $50,000-360,000 ALL FEES COMPANY PAID Please call Malcolm Freeland or Cy Kirk in care of: AG LENDERS - W. Central Iowa. Need 2-3 years experience. Need 2 people. $25-30K. FOR FURTHER INFORMATION FOR THESE & OTHER POSITIONS RESPOND IN CONFIDENCE TO: KURT ROSENCRANTS AT (515) 244-4414 ® SR AG LENDER for progressive South Dakota bank located in major community. Requires 5 or more years In bank of $50 million or m o re ......................Salary to $40,000 HEAD OF LENDING $10-$15mm bank, Ag credits, excellent country town ................. $30,000-$35,000 «3 LENDER $40mm bank, Ag and Real Estate, county s e a t..................................... $25,000-330,000 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 SR CREDIT ADMINISTRATOR for central Minnesota bank ........................................... ......................Salary to $33,000 Freeland Financial Service VP OF AG • Talented lender needed for well run $40m Insti tution in clean rural community. Must be familiar with ag cash flows, loan analysis and farm mgmt. Conservative bank with strong profit history. $34K + . R O B E R T MCBLF VICE PRESIDENT for Loans/Operatlons for $15 million northern Iowa bank .................................. Salary to $30,000 COMMERCIAL LENDER for large Independent Twin Cities area bank. Leads to Division H e a d ..........Salary to $39,000 FOR SALE EXECUTIVE VICE PRESIDENT $75mm+ bank, 30,000 population, high rated bank, must be strong In commercial lending___ $55,000-365,000 > H ► H > SENIOR COMMERCIAL LENDER for $100 million bank in town of 15,000 in upper M idw est...................... Salary open CEO for $10 million midwest bank located In small town near university c i t y ........................ Salary to $38,000 + car COM’L LENDER • Capitol city area bank Is looking to add a com’l loan officer with exp in $70m + bank. Must have 4 + yrs with $15m + portfolio. Growth oppty in key location of fers high visibility. $45K + . 1 CPA with practical bank experience wanted by $50 million bank located In scenic college community. Farm back ground a plus. Candidate will Install computer system, In vestment center, credit department auditing procedure .. .....................................................................Salary to $50,000 R egency COMMERCIAL LENDER Calling Officer, Premiere suburban bank of $125mm ......................... $35,000 WORLD’S LARGEST BANKING, DATA PROCESSING & FINANCIAL SPECIALIST SENIOR INVESTMENT OFFICER for major midwest bank. Requires experience in bank of $200 million in a s s e ts ___ ...............................................................................Salary open SENIOR COMMERCIAL LENDER to be in charge of all loans in bank of over $200 million in assets . . . Salary open POSITIONS AVAILABLE SR VP TRUST • Growing dept seeks sr person with excep tional trust skills to take charge of $70m + portfolio. Part of large bank group located In hunting/flshing area offers unlimited career potential. $40K+ . Financial Careers COMMERCIAL LENDER for $85 million midwest bank. Re quires college degree and 3 to 5 years experience ............ .....................................................................Salary to $35,000 HEAD OF LENDING $50-$75mm bank, mostly Ag, work-out background ................................. $50,000 CONTROLLER $50-$75mm bank, outstate, county seat .................................................$30,000-$35,000 Many years In bank management enables me to find the right banking environment for you, com pletely confidentially. Send your resume or phone: DON W. SCHOOLER 2506 East Meadow Springfield, Missouri 65604 (417) 862-2265 All fees are paid by our client employers. Richard L. Beam, CPC GUMBERT EXECUTIVE EXCHANGE, INC. 11246 Davenport Street Omaha, NE 68154 Phone: 402/330-3260 Member National Personnel Associates We’re Nationwide POSITIONS A V A IL A B L E AGRI-LOAN - senior lender for $40MM Ag Bank. Work out loan experience desired. $38K COMMERCIAL LOAN - middle management position with $100MM + suburban bank. Need two-four yrs. experience. $28K SECOND OFFICER - Ag-oriented bank with large cattle loan portfolio. Previous administration experience a plus. $40K COMMERCIAL/INSTAL. LOAN - community bank with large retail base. Time will be split evenly between com mercial and instal. credits. $25K CREDIT OFFICER - develop and oversee credit dept, for growing suburban bank. Good advancement possibilities. $20K ALL INQUIRIES CONFIDENTIAL. PLEASE FORWARD RESUME. TOM H A G A N & ASSO CIA TES 2024 Swift - Box 12346 North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry Since 1970” Vol. 14 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 mall subscriptions, changes of address (Form 3579), manuscripts, mall Items to above address. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
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