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November 30,1981 Des Moines, Iowa Vol. 10 No. 32 D ID C V otes for N o Lid on IR A Rates FTER two weeks of intense A lobbying by the thrift industry and commercial banks in the nation’s capital, the Depository In stitutions Deregulatory Committee reaffirmed last week its earlier deci sion to remove interest rate ceilings on IR A and Keogh accounts after December 1 . Although sus taining its ear lier decision, the DIDC voted to impose a manda tory withdrawal penalty on cus tomers switch ing existing IRA or K eogh ac counts into new, L- JENKINS higher-yielding ones after December 1. Effectively, customers with ex isting accounts are penalized until maturity of the instruments in their present accounts. The thrift industry literally had camped in Washington for two weeks, petitioning DIDC members, their staffs and Congressmen in an effort to get the DIDC to reverse its earlier decision and set a regulated rate. Non-financial institutions have no rate restrictions and are ready to offer market rates as they do on MMFs, which have drained deposit dollars from financial institutions. With a current poor financial situation plaquing them, the thrifts sought to have the DIDC cancel the previous order, impose a lower passbook rate of some kind—or at the most a rate indexed to 18-month Treasuries as proposed by FHLBB Chairman Richard T. Pratt — and retain the quarter percent differen tial in favor of the thrifts over banks. The American Bankers Associa tion, supported by the voice of its Banking Leadership Conference held in Washington at the height of the battle, took its fight directly to the White House. A B A President Lew Jenkins and A B A Council Chairman Lee Gunderson wrote President Reagan that such a rever sal by the DIDC would cripple the banking industry’s ability to com pete for these new deposit accounts, would lose millions of such accounts forever, and would severely damage the D ID C’s credibility. Under the law passed by the last Congress, any worker may open an IRA account as of January 1, 1982, even if that worker is covered by his employer with an approved pension or p rofit-sh a rin g plan. It is estimated that about 40 million workers are affected and may take advantage of the tax savings afford ed by this law. Estimates of the dollars range from $50 to $80 billion or more. The ABA , individual state associations and individual banks have been conducting seminars the past few weeks preparing bank staffs on the techniques for opening and handling IR A accounts under the new law. The A B A said this IR A business, which would bring a conti nuing stream of new deposit dollars into banks and thrifts for many years, could be lost forever to invest ment firms and insurance companies if the DIDC had vacated its earlier decision. Iowa News DES MOINES: Gregory L. O ’Hara has been appointed senior trust of ficer at Capital City State Bank by Larry Wenzl, president. He has moved to Des Moines from Springfield, 111., where he practiced as an attorney (estate tax) in the IRS of fice for the past three years. DES MOINES: Dennis R. Dougher ty has been named vice presidentIowa region for Columbia Union Na tional Bank & Trust Co. of Kansas City. He will continue to live in Des Moines and will work to develop com m ercial business in Iowa, especially with commercial organi zations seeking loans upwards of $250,000. He was vice president at West Des Moines State Bank the past 10 years. W ATERLOO: Waterloo Savings Bank will sponsor a Success Semi nar the evening of December 3 in the Conway Civic Center near the bank. Principal speaker for the evening will be the popular Jessica Savitch, C A L L O N T H E “P E R F O R M A N C E T E A M ” where com m on transactions are handled uncomm only well. FIRST N A T IO N A L L IN C O L N 13th & M Street https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Lincoln, Nebraska 68501 • Member, F.D.I.C. C o m e to us we’re first in Iowa because we put Iowa first. An Affiliate of Northwest Bancorporation Member FDIC NBC correspondent anchor. Her ad dress, “ In Pursuit of Excellence,” will begin at 8:45 p.m. It will be preceded by a series of three workshops commencing at 7:00 p.m., and again offered at 7:50 p.m. so each registrant may attend two of the workshops. The first, conducted by Kathy Fisher of Des Moines, will be “ Your Greatest Asset.” The se cond will be presented by Margaret Anderson Bukatz of Waterloo and is titled “ Investments in the ’80s.” The third, “ Risk Management,” will be presented by Karen Killoren, New Y ork Life, M ason City. Registration is open to men and women. A number of bankers have registered in advance from the area. The fee at the door is $ 20 . ASK TERRY MARTIN to make MNB work for you. Toll free 1- 800- 332-5991 Merchants ^ National Bank 151 Member F.D.I.C. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A 'BANKS OF IOWA’ BANK Banco Call (515) 245-3131 or toll-free (800) 362-2514 BANK PLACEMENT SPECIALISTS (Our33rd year) Call experienced professionals to locate the right candidate for your vacancy . . . or the right “move-up” for yourself. CORPORATE RECRUITERS MIDWEST BANKING DIVISION 202 S. 71 st Street 402/393-5515 Omaha, Nebraska 68132 in charge of credit administration. Kile Olson, who joined the bank in January, 1980, succeeds him as auditor. Randy Shelden has been ad vanced to assistant vice president in charge of marketing and public rela tions, and Alice Walker has been ap pointed manager of the bank’s two detached facilities. M A Q U O K ETA: Craig Bentrott, president of Jackson State Bank and Trust Co. has announced the re cent promotion of Loren Lubben to Minnesota News assistant vice president-farm loans. He joined the bank in November, Michael J. Pint, commissioner of 1980. banks, and Attorney General War ren Spannaus have filed a lawsuit on N EVAD A: The Nevada National behalf of the State of Minnesota in Co., which owns Nevada National Hennepin County District Court Bank, has been purchased from Sam against nine securities brokers M cHose and family and other operating in Minnesota and 11 outshareholders by Michael Yanney, of-state banks, trust companies and John Hughes and Carl Rapp, all of S&Ls for violation of both state and Omaha. Mr. McHose will continue federal banking laws. They contend as chairman and part owner. the institutions have illegally taken substantial funds out of Minnesota through the sale of All-Savers Cer Nebraska News tificates, by violating the prohibi GENEVA: John R. Bixby has tion against unauthorized branch joined the Fillmore County Bank as banking and have conducted the a marketing officer. A life-long resi business of banking without valid dent of the Geneva area, Mr. Bixby authorization or charter. The suit was one of the bank organizers in further contends the securities 1965 and has many years of work ex brokers and out-of-state financial in perience in both financial and public stitutions have violated the long standing separation between invest sectors. ment banking and commercial bank LINCOLN: Directors of First Na ing which is mandated by federal tional Lincoln Corp. have approved statute. a 15% stock dividend to sharehol ders at the close of business C A N N O N F A L L S : D a l e E. December 1 , distributable December Eikmeier has been appointed to the 15. board and advanced to vice presi dent and cashier at First National OM AHA: Mrs. Jerry W. Woelfle, Bank. He was previously assistant 39, vice president and controller at vice president and cashier. Karen F. United States National Bank, has Anderson was elected assistant been elected cashier. Robert L. Bill cashier. ings, 46, manager of the main bank retail banking department, and MANKATO: Norb Harrington has Robert J. Brown, trust investments, been promoted to vice presidentwere elected vice presidents. Rich commercial loans at Northwestern ard D. Rouse, 52, manager of credit National Bank. He joined the bank and operations-bank card, and in 1974, was promoted to commer Roger S. Welty, assistant manager- cial loan officer in 1979 and assis Regency office, were named second tant vice president in Janaury, 1981. vice presidents. Myron H. Peterson, a correspondent banking officer NORTH M ANKATO: James M. since 1979, was promoted to credit Schindle has been named vice presi dent and senior loan officer at Valley officer. National Bank. Mr. Schindle began YORK: Bruce Fagot, auditor at First his banking career in 1973 at St. National Bank since September, Cloud, and joined First Bank 1977, has been named vice president System in 1974. Carleton D . Beh Company Investment Bankers / Financial Consultants 1300 Des Moines Building / Des Moines, Iowa 50309 5 1 5 /2 8 8 -2 1 5 2 NEW ISSUE $6,410,000 CITY OF TOPEKA, KANSAS MOODY’S RATING: Aa-1 General Improvement Bonds, Series 1981 Dated: December 1,1981 Denomination: $5,000 Both principal and semiannual interest (April 1 and October 1, first coupon due April 1,1982) payable at Office of the State Treasurer, Topeka, Kansas. IN THE OPINION OF COUNSEL THESE BONDS ARE EXEMPT FROM PRESENT FEDERAL INCOME TAXES, STATE FRANCHISE TAX AND ALL PROPERTY TAXATION IN THE STATE. MATURITIES $350,000 350,000 350,000 350,000 350,000 335,000 325,000 12% October October October October October October October 1982 1983 1984 1985 1986 1987 1988 7.75 8.00 8.20 8.40 8.60 8.80 9.00 $325,000 325,000 10.25% October 1, 1989 October 1, 1990 9.15 9.30 $325,000 9.50% October 1, 1991 9.45 1, 1, 1, 1, 1, 1, 1, 9.60% $275,000 October 1, 1992 $275,000 275,000 275,000 275,000 275,000 275,000 275,000 275,000 275,000 275,000 9.50% October 1, October 1, October 1, October 1, October 1, October 1, October 1, October 1, October 1, October 1, 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 9.60 9.80 10.00 10.15 10.30 10.45 10.60 10.70 10.80 10.90 10.90 LEGALITY TO BE APPROVED BY STINSON, MAG AND FIZZELL, KANSAS CITY, MISSOURI The City of Topeka, located 50 miles west of Kansas City, Missouri, is w ithin Shawnee County and serves as both the State Capitol and the County seat. The major employing industries w ithin the Topeka SMSA are government, trade (wholesale and retail) and services. Some of the largest employers are the State of Kansas; Atchinson, Topeka & Sante Fe Railway Co.; Goodyear Tire & Rubber Co.; Southwestern Bell Telephone; Topeka Board of Education and City and County Government. The City is served by an interstate and turnpike as well as both U.S. and state highways. They are served by three major railroads, a major air carrier and many freight companies. Throughout the City ex cellent financial, educational, medical and health, and recreational facilities are available. The bonds will constitute general obligations of the City and will be payable as to both principal and interest from ad valorem taxes which may be levied w ithout lim itation as to rate or amount upon all the taxable tangible property within the territorial lim its of the City. FINANCIAL STATEMENT Assessed Valuation, 1981 (Estimate) Net Direct Debt, including this Issue Net Direct Overlapping & Underlying Debt Population, 1981: 125,011 Net Funded Debt: $357.47 per capita 12.11% of Assessed $340,206,103.00 41,204,000.00 53,472,175.00 We own and offer subject to prior sale and change in price and subject to 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 particular maturity may or may not still be available or may now be available at a price or yield different from that indicated above. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Division of H u tto n & Company Inc. 4 <zdfoidsx a n d <zdh±oaLats,s, Single System Banking Bank Consultants Specializing in Bank Acquisitions 515-232-0814 P.O. Box 450 405 Main Ames, Iowa 50010 D o n a l d E. H o l d e r , Principal W ith Availability Montana News Availability of fu n d s. . . availability of people. . . responsive to your needs. National Bank of Waterbo Phone Dick Jung at 1-800-772-2411. Waterloo, Iowa 50704 Member FDIC ORDER FORM IRA S u p p lie s - HR-10 Quantity IRA Brochure Total Cost Unit at .16 each $ at .16 each $ Larger Quantity Prices: 1,000-4,999— 14<? each 5,000 and over— 10(? each HR-10 Brochure ORDER IN EQUAL AMOUNTS - BOTH ARE NEEDED IRA Disclosure (2 two-part forms) at .35 per set (MINIMUM 25 SETS— ORDER IN SETS OF 25 ONLY) IRA Policy (2 two-part forms) (MINIMUM 25 SETS— ORDER IN SETS OF 25 ONLY) at .50 per set .85 each LEWISTOWN: Northwestern Bank has promoted Kyle Peck to con sumer loan officer. Mr. Peck joined the Northwestern Bank of Helena in 1975, and moved to Lewistown in July of this year. $ $ $_______ Wallets for IRA Documents ________ at Keogh Plan (HR-10): Customer booklets & forms ________ at 5.00 per set $_______ IRA Report to Participants (pad of 50)________at 1.25 per pad $_______ SUBTOTAL Check enclosed __________ Bill to bank ____________ $________ Sales Tax $________ (IA/NE ONLY-3%) *Shipping ALL ORDERS TOTAL Date ___________________ , 19 BOZEM AN: John L. Franklin has been named senior vice president of the banking division at First Na tional Bank. A native of Iowa, he began his banking career with First Bank System in 1968 at First Bank Austin in Minnesota. Since 1976 he has been well-known at First Bank Minneapolis as assistant vice presi dent and calling officer for the cor respondent department in Montana, Wyoming and Nebraska. He has a B.S. degree in animal science from Iowa State University. Also announced was the election of Paul A. Peterson as vice presi dent. He began his banking career at Chase Manhattan Bank in New York in 1965, worked later at First National in Kansas City, then joined First Bank System in 1977 at Great Falls. He is First Bank Bozeman’s senior agri-business loan officer. $ WOLF POINT: The Federal Re serve Bank o f Minneapolis, acting under authority delegated by the Board of Governors of the Federal Reserve System, has announced its approval of the application by W olf Point Bancorporation, Inc., W olf Point, to become a bank holding company through the acquisition of the Citizens First National Bank. 5.00 $_______ Estate Appraisals Purchase of Collections ALSO AVAILABLE: Bank name and logo imprint $40.00 first 500 $5.00 per 500 above 500 ***Include bank name and logo PLEASE TYPE OR PRINT Sale o f Rare Coins ____ _______________ Bank Name Reliable and respected service for over 20 years “ Officer Name Address/City/State _________ Zipcode https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Used by bankers throughout the midwest Ben E . Marlenee Coins 913 Locust Des M oines, Iowa 50309 515-243-8064 □ I would like to sell my majority bank stock. □ I would like to buy ma jority bank stock. W e’re people who can help with ag lending. For ag lending, data processing, overlines, and investment services . . . we’re the people who can help. Please Contact: J. Mason Henry Charles E. Walters Co., Inc. We’re more than western Iowa’s largest bank. W e’re people. 39 Ginger Woods Road, Valley, Nebraska 68064 Phone: (402)553-6400 Ken Roeder Correspondent Bank Officer 712/277-6580 North Dakota News 9 0 0 The N orth D akota Bankers Association and the state chapters of A IB and B A I will conduct two one-day seminars December 15 and 16 in Bismarck (Kirkwood Motor Inn) and Fargo (Holiday Inn). The seminars will concentrate on the new law governing IR A and Keogh accounts that will be expanded January 1 . Collin W. Fritz, bank consultant, Des Moines, will be the speaker. South Dakota News w • 0 ^ f LEMMON: John V. O ’Donnell has been advanced to chairman and CEO at First Bank Lemmon and has been succeeded as president by Dale Rogers. Mr. O ’Donnell has been president since 1961. Mr. Rogers joined the bank in 1959 and has been second officer since 1973. MITCHELL: The Fed has approved the application of Commercial Banshares, Inc., to acquire Sanborn County Bank, located in Woon socket. SIOUX FALLS: Eric D. Hohman was named personal loan officer at the Westwood branch and Jon A. Veenis was named operations of ficer, adm inistrative group, at Northwestern National Bank, according to C.P. “ Buck” Moore, presi dent. SECURITY NATIONAL BANK IN SIOUX CITY, IOWA. MEMBER F.D.I.C. © 1980 Security National Bank center. He had seven years ex perience at Harris Bank as a per sonal banking officer. James E. Lynch was elected assistant cashier. He spent more than three years with LaSalle National Bank before join ing Central National’s metropoli tan department. CHICAGO: George W. Vander Vennet has joined Sears Bank and Trust Co. as executive vice president and trust officer and head of the trust division. He moves from First Na tional Bank of Chicago where he has been affiliated since 1963 in a number of trust positions. He suc ceeds Stanley H. Richards, ex ecutive vice president, who now heads Sears Bank’s trust business development activities. Colorado News DENVER: Mae Jean Bucklin and Martha S. Graves have been elected assistant vice presidents at Central Bank of Denver. Ms. Bucklin is in 0 IMM EDIATE AVAILABILITY BURROUGHS Who: names of all debtors In the county recorded during the period What: name of secured party When: the date the loan was filed with the Secretary of State Where: location where loan made FAST SCffVICE • Replaces Mechanical Posting Machines • Second Units • All programs available cash or Accrual Basis MSCI 14609 W e s t C e n te r Rd. O m aha, N E 68144 Phone: 402/330-4682 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis GET THE COMPETITIVE EDGE over savings and loan, credit unions, etc. This “on-premise” system gives you complete inde pendence, competitive flex ibility and control. LOAN ACTIVITY BULLETIN SERIES L ELECTRONIC LEDGER CARD MACHINES FOR RENT OR SALE Call or write: DENVER: Raymond L. Guerrie has been selected president of First Na tional Bank in Battlement Mesa, a new subsidiary of Central Bancorporation, Inc. The new bank is in for mation and is pending regulatory approval. Mr. Guerrie has been with First National Bank of Glenwood Springs, another subsidiary, since 1965. Bankers Service Illinois News CHICAGO: Geoffrey A. Penman was recently elected second vice president at Central National Bank in the private banking and trust commercial loan servicing. Ms. Graves works in employe benefits department. Ä c S e a r c h Get tighter instantaneous reporting in every phase of you r o p e ra tio n . A t the sam e tim e reduce you r operating costs. A program for your every need — and m ore. The best banking system in the industry. records ,•"* I ^ ’ OBS-O. ^ 3™ ' 0" 50 Modern Banking System s, Inc. 6818 Grover St., Omaha, Nebraska 68106 (402) 392-0151 5 I---------------------------------------------------1 | □ My majority bank stock is for sale, j O I want to purchase majority stock in a bank. Please contact Ellis Jones, Broker | 1 I JONES REALTY 205 South Eaton St. Lakewood, Colorado 80226 Phone: (303) 232-1189 SERVING PROFESSIONALLY Banking, Financial & Business Personnel, Iowa and Nationwide Capital Personnel Service 714 U.C.B. B uilding, 515-283-2545 Des Moines, Iow a50309 CONTROLLER WANTED Iowa largest credit union ($77 m illion) is e s ta b lis h in g new p o s itio n . E xperience in budgeting, analysis and investments. W ill report directly to manager. Send written resume to Layton Stump, Manager, John Deere Employees Credit Union, 1827 Arisborough Ave., Waterloo, IA 50704. (PA) FOR SALE • One Diebold Deluxe Vision Window, BR glass, stainless steel clatting countertop w ith defroster, countertop heat, closed shades, light package. • One Diebold C ounterette (drop-front deal drawer) w ith electric operation and counterette heat and large package drawer. • Two D iebold VAT 3 System s, inclu d in g customer units, teller units, control panel, audio equipment, removable carriers, pneumatic tubing, power unit, com m unication and control cable. Contact: Richard A. Schneider Security State Bank Sheldon, Iowa 51201 Phone: 712/324-2516 SKI THE SUMMIT!!! New, three-bedroom, three-bath units available for sale or rent. Each unit has its own redwood hot tub on the deck. Contact: Dwayne Smith Paradise Properties, P.O. BoxS Dillon, Colorado 80435 Phone 303/ 468-5846 POSITIONS WANTED Trust Officer with 10 years exp.........................i Salary neg. Number Two person w ith extensive lending and opera tions exp. Currently heading small bank..........Salary open. insurance Agent w ith successful track record..................... ...........................................................................Salary $25,000 Installment Lender now with major finance co. Salary open Ag Lender w ith college degree and experience. . . .$24,000 BANKSFORSALE BANK OWNERSHIP CHANGES —Our Specialty— SELLERS - if you already have a buyer for your stock and there is a question of whether or not it is a fair price - we can make an indepen dent appraisal. BUYERS - if you are about to purchase controlling interest in a bank and there is a question of whether or not it is a fair price - we can make an independent appraisal. Those wishing to buy or sell - we can do the job for you if you are serious. CROWN BANKING SERVICES 325 W . Prospect Avenue Mt. Prospect, Illinois60056 (312)392-5151 _______ — WANT ADS — Rates are $5.00 per line per insertion. Add $3.00 for file letters per insertion. Identity of file letter advertisers cannot be revealed. Northwestern Banker 306 - 15th Street Des Moines, Iowa 50309 Phone 515/244-8163 FOR SALE MOVING TO NEW QUARTERS. W ill sell walnut teller screens and walnut base panels. Units are twenty years old, traditional style. Available mid 1982. 8x10 color photos available. Would like to see these nice items con tinue to be appreciated in another bank. M.J. O ’ Brien, Cashier, The Old Second National Bank, P.O. Box 1088, Aurora, Illinois 60506. (FS) Burroughs model L-9000 w ith auto-reader. For more infor mation, phone 319/539-2166. (FS) Pitney Bowes Mail Scale Model S-104. Excellent condition. Contact the Brenton State Bank, Eagle Grove, Iowa 50533. Phone 515/448-5161.______________________________(FS) Mosler Model FSW 1848 walk up teller unit. Never been used. Available immediately. First National Bank, Minden, Nebraska 68959. Phone (308) 832-2030.______________ (FS) One Bell & Howell Model 205 G1Microfilm complete with two Model 1301C 16 mm cameras and one Bell & Howell Auto Load 3 viewer. All units under B&H maintenance since purchase. Price $3,000 F.O.B. Le Mars, Iowa. Call 712-546-4163 or write W ells’ Dairy, Inc., One Blue Bunny Drive, Le Mars, Iowa 51031. Attention: Robert Michael. (FS) WANT TO BUY Individual wants to acquire Iowa or Nebraska bank. Con tact: Mike Keim, 9691 Meadow Drive, Omaha, NE 68114. Phone (402)397-5161. _______________________ (WTB) Used coin counting equipment in good condition. Contact John E. Dencklau, Farmers Savings Bank Vincent, Iowa 50594. Phone 515-356-4155. (WTB) Entry Level college grad w ith basic bank exp. and farm background......................................................Salary $15,000 Trust Officer wanted by major North Dakota bank .......... ................................................ ....................Salary open Operations Officer w ith tw o or more years exp. for N.W. Iowa bank..........................................................Salary $24,000 AG Lender for southwest Minnesota bank.. Salary $22,000 Office Manager w ith ag background for northern Iowa b a n k .................................................................Salary $25,000 Ag-Oriented college grad w ith basic banking exp. ........................................................................... Salary $16,000 Commercial Lender for eastern Iowa community bank .................. ........................................................ Salary $25,000 Write or call Malcolm Freeland, Freeland Financial Ser vice, Inc., 246 Insurance Exchange Building, Des Moines, Iowa 50309. Phone 515/282-6462. Employer pays fee. COMMERCIAL LENDING—Well-respected E Nebraska bank needs 5 + yrs commercial lending exp. Exposure to ag a plus. $30-$35K. #2 AG LOAN OFFICER—Sound N/Central IA bank needs 3-5 yrs Ag Lending exp. Candidates need be community minded. Great oppty. $25K. AG LENDING OFFICER— Potential advancement, im mediate challenge. 1-2 yrs ag lending exp, operations training + + . Co is moving fast, interviewing now. $18K. INTERNAL AUDIT— NE/IA locations. Previous exp in bank audit, bankholding, or public. $15-20K. VP COMMERCIAL LENDING— Leading Metropolitan area bank needs 4-7 yrs exp. Persuasive com m unicator to direct jr officers; marketing bkgd a plus. $35K + . FOR FURTHER INFORMATION RESPONDIN CONFIDENCETO: Bank Division ooo linn oo ® of Iowa, Inc. 317 6th Ave. Des Moines, IA 50309 (515) 244-4414 ALL FEES COMPANY PAID BANKING PLACEMENTS “Successful Banking is Quality Personnel” Eighteen years banking experience serving as president of rural and metropolitan banks enables me to find the “right” banking position for you as a banker or the “right” officer for your bank. DON ^C H O O LE R In AND ( S j y ASSOCIATES 901 A. West Jackson* Ozark, Missouri 65721 417/485-6020 COMPLETELY CONFIDENTIAL ________ “Employment Service” POSITION AVAILABLE COLORADO OPPORTUNITY—Seeking strong, widely ex perienced senior commercial loan officer to join an ag gressive bank in Colorado Springs. Salary commensurate w ith experience. Send resume to file OBH, c/o North western Banker. _______________________ (PA) SENIOR LOAN OFFICER— Experience in ag lending ($50 m illion bank) in com m unity of 8,000 population in northern Iowa. Salary open. Write File OBS, c/o Northwestern Bank er. (PA) PRESIDENT POSITION available in a high performance $35 m illion Twin Cities metro bank. Applicant should possess a proven record of leadership, management, business development, and technical expertise in all other areas of banking. Salary commensurate w ith experience. Send confidential replies to Box OBT, c/o Northwestern Banker. (PA) POSITIONS AVAILABLE OPERATIONS OFFICER—$25MM suburban bank af filiated with large holding company. Opportunity to learn lending and advance to second position. $25,000 CEO currently heading $50 m illion Illin o is bank. ................ .......................................................Salary $50,000 Write or call Malcolm Freeland, Freeland Financial Ser vice, Inc., 246 Insurance Exchange Bldg., Des Moines, Iowa 50309. Phone 515/282-6462. Company pays fee. AG Lender w ith two or more years exp. wanted by $40 m illion Iowa bank..........................................Salary $20,000 OPERATIONS—Grow on the job. Solid NE bank needs operations person to handle acctg and operations func tions. Little banking exp. Move up to cashier. $13K. CONTROLLER—$400MM bank needs chief financial o f ficer. Position requires CPA and financial institution ex perience. $$OPEN Commercial Lender w ith 8 years experience........................ ........ ........... ..................................................Salary $30,000 POSITIONS AVAILABLE PARTIAL LIST OF AVAILABLE POSITIONS COMMERCIAL LOAN—aggressive $80MM bank seeks ad dition to staff. Would be number tw o in department. $30,000 When it comes to agriculture, banking and perso n nel. . . go to the specialists — go to A G R Icareers, Inc. TRUST OFFICER—suburban $100MM bank offers growth opportunity to a trust generalist. Prefer 2-4 yrs. ex perience. $28,000 Progressive bankers pay us to find the people DATA PROCESSING HEAD—$160MM holding company desires senior systems analyst to design and implement new computer system. $35,000 they need. 2 Ag Loan Officers . . N .C. IA . $15-20,000 Ag Loan O ff./O p e r......... N .E. IA .$20,000 Commercial Loan O f f .. .N .C . IA .$18,000 Cashier........................N .E. IA . $15-17,000 General/Ag Lending. . . O h io . $20-23,000 Sales & Mktg. Rep . . .W . N Y . $20-25,000 Ask the ag banking specialists what’s available without cost or obligation. NEW HAMPTON. IA 50659 MASSENA. IA 50853 1 (515)394-3145 (712) 779-3744 JUNIOR OFFICER— rural $15MM bank has opening for operations officer w ith 1-3 yrs. experience. W ill train for cashier’s position. $16,000 ALL INQUIRIES CONFIDENTIAL. Your resume and salary history requested. TOM HAGAN & ASSOCIATES of Kansas City P.O. Box 12346, 2024 Swift North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry Since 1970” Voi. 10 No. 32 Northwestern Banker Newsletter (USPS 873-300) is published weekly by the Northwestern Banker Company, 306 Fifteenth Street, Des Moines, Iowa 50309. Subscriptions $1.00 per copy, $15.00 per year. Second class postage paid at Des Moines, Iowa. Address all mail subscriptions, changes of address (Form 3579), manuscripts, mail items to above address. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
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