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Vol. 12 No. 29 November 7,1983 Des Moines, Iowa in Lincoln, has signed a contractual agreement with Norwest Corpora AN K CUSTOMERS in upper for their customers to use at retail tion authorizing cardholders of the midwestern states will learn locations in the state. two systems reciprocity with each 4. Norwest Corporation announc soon that electronic banking activi others terminals, wherever located. ty truly has mushroomed when they ed separately that holders of its In NETS presently has 260 terminals discover they can use their Auto stant Cash cards would be able to in Nebraska. ITS, Inc., Des Moines, matic Teller Machine cards in most use their cards on the nationwide expects to sign a similar contractual other states in the nation. This sud CIRRUS network of ATM s and that agreement very soon with Norwest’s den pyramiding effect results from became effective September 26. The Instant Cash just as soon as pricing announcement climaxed a year of details reach mutual agreement. A these separate developments: 1. Nationet, a consortium of 12preparation by Norwest to utilize similar Norwest proposal is being regional, sharing ATM networks, the CIRRUS network, made up of 15 considered by TYM E of Wisconsin. completed on October 13 a cross regional banking organizations na NETS and ITS probably will be ac country withdrawal transaction tionwide. This step includes not on- tive with Instant Cash in the second from a California ATM to a Des quarter of 1984. Moines, la., bank; simultaneously, a 6. The immediate by-product of debit transaction was handled from Norwest’s agreement with NETS, a Des Moines supermarket POS to ITS and TYME would be access by the customer’s California bank ac the latter’s cardholders to CIRRUS count. This connected ITS, Inc., ATM s through Norwest, thus ex headquartered in Des Moines, and panding dramatically the capability Instant Teller of Los Angeles. These of both CIRRUS and Nationet as vi transactions were processed by the sualized only a few months ago. With Nationet switch in Castleton (subur the projected 5,500 ATM s in 1984 ban Indianapolis), Ind. by CIRRUS and projected 6,000 ter 2./p f M E Corporation of Wisconminals by Nationet, bank card sinrwill be active with the Nationet holders will have access to 11,500 switch this month. The other nine ly all 86 Norwest banks in seven terminals in nearly every state. Nationet regional members will ac states but approximately 90 other Developments Move Fast tivate with the Castleton switch, op correspondent banks which are part Commenting on the fast-moving erated byAnacomp, in the next six of the Instant Cash network. CIR developments, ITS President Dale to eight months, completing the RUS members presently operate Dooley said the Minnesota accord linkup of 4,655 present terminals 3,180 ATMs. Another 167 are sched between FBS and Norwest “ will (and nearly 6,000 soon) in 26 states. uled to be on-line by year-end, and bring Minnesota closer to a state 3. First Bank System and Nor-another 200 early in 1984, for a total wide sharing philosophy.’ ’ Mr. west Corporation, both of Minneapo of 3,547. It is anticipated CIRRUS D ooley added that “ Nationet’ s lis, have signed a letter of intent to will have 5,500 terminals in 43 philosophy of open sharing would share their 310 ATM s in Minnesota states by 1984 year-end. 5. NETS, Inc., Nebraska’s stateA T M s . . . by the end of 1983. They plan also to develop and maintain a POS system wide shared network headquartered (Turn to page 4, please) Switch Contracts Take A T M s Nationwide B Call our Bond Department Getting it done for you. T o m Steffens John Henderson T o n y Paugoulatos Jim M cLaughlin Rick Patton John Shrader Vice President 234-2462 Vice President 234-2463 Vice President 234-2647 Vice President 234-2673 Bond Representative 234-2877 Bond Representative 234-2674 Commerce Bank of Kansas City https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 10th and Walnut (816) 234-2000 Hk H Norwest Bank Des Moines , A/.A mamma NORWEST BANKS Call (515) 245-3131 or toll-free (800) 362-2514 Member FDIC T ea m w o rk: one o f the reasons w e’re firs t in Iowa. Jan Townsend Bernie Kersey Iowa News “ New Horizons For a New Regu lated Industry” is the theme for the Iowa Bankers Association Consumer Lending Retail Banking Conference scheduled for November 14 and 15 at Stouffers Five Seasons Hotel in Cedar Rapids. A.M. Monday, November 14 8:30 Registration, coffee and rolls. 9:00 W elcom e—A1 Maser, IB A president and president & chairman, First N ational Bank in Le Mars. 9:15 “ Lending in the 80s” —Den nis McCuistion, McCuistion & Associates. 10:15 Coffee Break. 10:30 Roundtable discussions mod erated by Dennis McCuistion. ASK T E R R Y M A R T IN 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 11:45 Lunch with guest speaker. P.M. 1:30 Concurrent workshops (select one). Problems with Collections— Mike Power, senior loan of ficer, and Curt Johnson, loan officer, Davenport Bank & Trust Co. Indirect Lending, Second Mortgages & Credit Cards— Mark Thompson, vice presi dent, First National Bank, Iowa City. C o lle ctio n L a w —R ich a rd Miller, Des Moines attorney. 2:30 Coffee Break. 2:45 Panel Discussion—“ Voices in Competition.” Henry Royer, president, Mer chants National Bank, Cedar Rapids. Jack Evans, president, Secu rities Corporation of Iowa, Cedar Rapids. Darrell Pierce, executive vice president, Collins Credit Union, Cedar Rapids. Ann Todd, IB A compliance officer. A.M . Tuesday, November 15 8:30 Continental breakfast. 9:00 BankBuster film and over v i e w —W a r r e n P o l d b e r g , chairman, consumer lending committee. Don't gam ble when choosing o correspondent bonk. Come to the professionals. UNITED CENTRAL BANK OF DES M O IN ES , N A ■ M E M B E R FDIC ■ (51 5) 245-7 11 1 AFFILIATED W IT H UNITED CENTRAL BANCSHARES, INC. TOLL FREE NUMBER ( 800) 362-1615 9:30 Concurrent workships (select one). Loan Pricing/Deposit Pricing —Robert Dye, vice president, Financial Shares Inc., Chica goPersonal Banking/Trusts— Carol Stone, trust officer, United Central Bank, Des Moines. Organizing & Managing a Consumer Department. P.M. 12:00 Lunch with guest speaker— Robert Dye, “ Relationship Banking.” 1:30 Adjournment. CEDAR RAPIDS: An agreement has been signed by E. J. Buresh, pres ident of City National Bank, to sell controlling interest to Bezanson Cor poration, a one-bank holding com pany whose sole owner is Peter Bezanson, chairman of MorAmerica Financial Corporation, Cedar Rapids. Mr. Buresh is expected to remain on the City National board, and a new president will be appointed, Mr. Bezanson said. Regulatory approval is anticipated within 90 days. Recipe for success.. A--------------§ MFHutton One Carriers Building Des Moines, Iowa 50309 Telephone: (515) 243-1203 NEW ISSUE S&P: AA MOODY’S: Al We own and offer subject to prior sale and change in price and subject to our attorney’s approving opinion: $18,000,000 STATE BOARD OF REGENTS, STATE OF IOWA Academic Building Revenue Bonds, Series I.S.U. 1983 (Iowa State University) DATED: November 1,1983 DENOMINATION: $5,000 Both principal and semiannual interest (January 1 and July 1; first coupon due July 1,1984) payable at the office of the Treasurer of Iowa State University of Science and Technology, Ames, Iowa. IN THE OPINION OF COUNSEL INTEREST ON THESE BONDS IS EXEMPT FROM ALL PRESENT FEDERAL INCOME TAXES. MATURITIES 9.50% $1,000,000 1,000,000 July 1,1986 July 1,1987 8.50% 6.10 6.40 $1,000,000 1,000,000 1,000,000 July 1,1988 July 1,1989 July 1,1990 8.00% 6.70 7.00 7.20 $1,000,000 8.20% July 1,1996 8.20* $1,000,000 8.40% July 1,1997 8.40* 8.50% $1,000,000 July 1,1998 8.50* $1,000,000 July 1,1991 7.40 1,000,000 July 1,1999 8.60* 1,000,000 July 1,1992 7.60 1,000,000 July 1,2000 8.70* 1,000,000 July 1,1993 7.70 1,000,000 July 1,2001 8.70* 1,000,000 July 1,1994 7.85 1,000,000 July 1,2002 8.70* 1,000,000 July 1,1995 8.00* 1,000,000 July 1,2003 8.70* "Bonds callable July 1,1994 at 100% plus accrued interest plus ;a premium equal to V2 of 1%, but not to exceed 3%. The Iowa State University is located in Ames in the central section of the State. The present campus includes about 1,730 acres with its cen tral area landscaped as a natural park. Cultural and social amenities traditional to university life have been enhanced by the Iowa State Center. This complex of four buildings, which was financed entirely from gifts, grants and designated student fees, include: The C.Y. Stephens Auditorium, which seats 2,700 and has excellent acoustics for performances; The Fisher Theater which is used for drama and other cultural events; The Hilton Coliseum, with a seating capacity for 14,000 which is used for indoor athletic contests, mass meetings and arenatype entertainment; and The Scheman Continuing Education Building which has an auditorium, meeting rooms, food service facilities and of fice space to accomodate the University’s continuing education program. The eight colleges into which the University is divided are: Agriculture; Design; Engineering; Education; Home Economics; Sciences and Humanities; Veterinary Medicine; and the Graduate College. In the past several decades, Iowa State University of Science and Technology retained its traditional preeminence in the practical arts and sciences and has expanded its research in electrical engineering and atomic physics. Presently, the Institute conducts basic research in nuclear energy and has conferred over 1,500 graduate degrees to students whose research was accomplished at the Ames Laboratory. The University has experienced fairly steady enrollment growth over the past decade with the 1983 Fall semester headcount of 26,020. These bonds are being issued to provide funds for the construction and equipping of an agronomy building addition and supporting utility services for College of Agriculture use on the Iowa State University of Science and Technology campus. Available Student Fees and Institutional income Academic Year 1983-84 E stim ated ................. 1982-83 .................................... 1981-82 .................................... 1980-81 .................................... Tuition and Fee Revenue (1) $36,687,218 32,051,580 25,836,994 22,949,836 * Average * Maximum General Annual Annual Institutional $6,465,595 $9,903,145 Income (2) 5.67 x 3.70 x $3,540,000 4.96 x 3.24 x 3,456,196 4.00 x 2.61 x 3,472,169 3.55 x 2.32 x 3,450,925 Notes: (1) Pledged to Academic Building Revenue Bond debt service (including this issue and all outstanding parity issues) per the Bond Resolution. (2) Income which has no restrictions or priorities and is available for Academic Building Revenue Bond debt service if tuition and fee revenue is inadequate to cover debt service requirements. * Estimated 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. may or not not still be available or may now be available at a price or yield different from that indicated above. Bonds of a particular maturity https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis BANK SALES AND PURCHASES EDD IE A. W O L F Eddie Wolf Bank Sales 7202 Maple Drive, Des Moines, la. 50322 Phone: 515/278-2271 FBS’ 148 terminals, 59 are in retail locations or free-standing kiosks and 89 are located on FBS bank premi ses. All FBS ATM s are being redes ignated FASTB AN K service. The Treasurer FBS and Norwest also plan to de velop through joint venture an elec Metroteller Systems Incorporated tronic POS system with a third party who would assist in creating and maintaining the system. First Financial Management Corporation MAGIC LINE, Inc. Norwest was one of 10 charter Electronic Funds Illinois, Inc. members of CIRRUS and five other MONEYCARD of Kansas, Inc Tyme Corporation regional banking organizations have ITS, Incorporated NETS, Incorporated since joined. Walter R. Miller, Jr., executive vice president of NorNebraska Gets New Switch west’s consumer banking group and NETS Coordinator John Miller vice chairman o f the CIRRUS net reports Nebraska has 360 ATM s. work, said conversion o f Instant A TM s . . . All major banks in the state belong (Continued from page 1) to NETS, which has a total of 316 Cash ATM s to accept cards other member banks among the 462 banks than Instant Cash cards will be com complement any other network.” He in the state. The three large banks in pleted in December. He said a CIR is sold on the sharing philosophy as Omaha and the two main banks in RUS logo will be prominently dis opposed to the restrictive use of ter Lincoln are processing banks. The played on CIRRUS ATM s. New minals under a proprietary arrange Nebraska Bankers A ssociation, equipment will continue to be added ment. Mr. Dooley pointed out that headquartered in Lincoln where it to upgrade the Instant Cash and “ 90 to 95% of all terminal activity organized NETS several years ago, CIRRUS system to maintain a mini takes place in the local community. owns the central switch which is mum of “ 98.5% availability to the However, the main thing about outcustomer base at all times.” Am ong of-town ATM usage is the custo operated in Omaha. Mr. Miller said a areas he targeted for early expan new computer, the Tandem Nonmer’s ability to get money when Stop II, was installed several weeks sion of the Instant Cash network are needed with no questions asked, or ago, giving added power, expanded W yoming and the upper peninsula the fear of having one’s check re capabilities, and the latest techno o f Michigan. Mr. Miller also an jected. This value perceived will be nounced formation of Norwest Elec logy in message handling. charged for by ATM owners and na tronic Delivery Services as a new tional switches.” electronic delivery organization. Minnesota Agreement Mr. Dooley added that the lower The First Bank System-Norwest costs of electronic transfer at the PLUS System sharing agreement was announced local level are magnified greatly Both First Bank System and by FBS Vice Chairman D.H. “ Pete” when applied to interstate ATM ac Ankeny, Jr., and Norwest Vice First National Bank of Omaha are tivity because o f the much higher Chairman Robert A. Krane. They members of the PLUS System, costs associated with check routing emphasized that despite the propos headquartered in Denver, Colo. and processing through the Fed and ed network sharing arrangement, PLUS is a proprietary system. correspondent banks. the tw o banking organizations Member banks can share the ter would “ continue to compete ag minals they own, as FBS does with for their own locations Instant Cash and First of Omaha Ag Banking Personnel gressively” in retail stores, shopping centers does with NETS. However, neither Let us help you. Call the ag lending personnel and other high traffic areas Mr. FBS nor First of Omaha ATM s will specialists without cost or obligation. Confi Ankeny stated, “ We will also con accept out-of-state cards issued by dential. Employers pay us to hire the best. tinue to develop our own electronic any bank except from another funds transfer technology and im PLUS member. provements.” W ith these fast-moving changes, Of the 310 terminals they will and others that are on the drawing jointly share by year-end, 216 are board, electronic banking is becom located in the Twin Cities metropoli ing more of a reality. This mobile ac tan area and 94 in other Minnesota cess to one’s funds is expected by Linda: 515/394-5827 Jeannie: 515/263-9598 if cities. Norwest has 162 Instant many bankers to solidify the rela New Hampton, la. 50659 no answer, 712/779-3567 I Massena, Iowa 50853 Cash ATM s in the state, 102 of tionship between bank customers which are located on their banks’ and their local banks, giving banks a J THE ORIGINAL AGRICULTURAL RECRUITER premises and 60 are in correspondent strong tool in the fight to retain and □ banks, retail or other locations. Of expand their customer base. 30n CAREERS, INC. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 5 CALL ON THE “PERFORM ANCE TEAM 199 where common transactions are handled uncommonly well. FIRST N ATIO NAL LINCOLN 13th & M Street • Lincoln, Nebraska 68501 • Member, F.D.I.C. BANK PLACEMENT SPECIALISTS (Our 34th year) Call experienced professionals to locate the right candidate for your vacancy ... or the right “ move-up” for yourself. CORPORATE RECRUITERS MIDWEST BANKING DIVISION 202 S. 71st Street 402/393-5515 Omaha, Nebraska 68132 Nebraska News SYRACUSE: A t the First National Bank, Darrell Legband was pro moted to executive vice president and senior loan officer, and Dale Janssen was promoted to vice presi dent. Prior to spending the last six years with Pacific Western Bank in Eugene, Oregon, Mr. Legband was with First National Bank and First State Bank in Fremont for 19 years. Mr. Janssen joined the bank in May of this year and serves as agricultural representative and loan officer. Minnesota News ST. CLOUD: John E. Leisen has been named executive vice president of Zapp National Bank, according to Henry J. Mareck, president. Upon Mr. Mareck’s retiring from the bank in 1984, Mr. Leisen, who has been with the bank since 1962, will step in to the position of president and chair man. Illinois News CICERO: Western National Bank re cently celebrated the completion of its newly remodeled facilities, includ ing a new VIP Financial Center, with an open house week. The 70-year old bank spent nearly $1 million in the remodeling, turning its two floors in to three by redesigning its previously unused lower level. The new VIP Fi nancial Center, thought to be the first in a Chicago suburb, is on the bank’s upper floor, with the bank’s executive offices, trust department and commercial loan section. Employee Benefit Consultants alarends Serving Banks and Their Customers In Iowa and Minnesota SERVICE COMPANY P.O. Box 171 • Albert Lea, M N 56007 507/373-8216 Franchise Plans Announced South Dakota News LAKE ANDES: A t Andes State Bank, Randy Vesely has been pro moted to loan officer and Daniel P. Park has been hired as ag marketing officer and insurance agency mana ger. Ray Stedronsky, vice president, has elected to take early retirement after 21 years at Andes State. North Dakota News GRAFTON: W.J. “ Bill” Johnston, 88, longtime banker here, died Oc tober 10 in Grand Forks. Mr. Johnston begem his banking career in 1913 at Forest River State Bernk. After three years he moved to Mon tana where he was involved in bank ing for five years. He then returned to North Dakota and became cashier of First State Bank of Fordville. In 1937 he became president of the Walsh County Bank of Grafton, a position he held until 1964. He con tinued as a director and chairman un til 1967 when he retired. Eleven banks in Montana and Wyoming will become franchised under the First Interstate Bank name with a target date for im plementation set for late spring of 1984. The agreement was announced by Joseph J. Pinola, chairman and CEO of First Interstate Bancorp, the fran chisor; Thomas W. Scott, president of Security Banks of Montana, Bill ings, and Homer Scott Jr., president of Commerce Bancshares of Wyom ing, Inc., Sheridan. The Montana holding company operates six banks: Security Bank, N.A., Pioneer Bank and Rimrock Bank, all located in Billings; Big Horn Bank in Hardin; Security Bank, Colstrip, and First Citizens Bank, Miles City. Commerce Bancshares of Wyom ing operates: Security Bank and Bank of Commerce in Sheridan; Security Banks in Buffalo and Gillette, and First National Bank in Greybull. Systems, Inc. c o * * * s ,$ § * | RR 45, Box 115 Hiway 7 3 ,3 1/2 Miles North of Int. 680 Omaha, Nebraska 68152 (402)453-3000 Lease* Rent • Buy https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis COüKT ON **E f i r s t ^ POSITIONS AVAILABLE SKI THE SUMMIT CEO for North Central Iowa com m unity bank...................... Salary Open. One, tw o and three bedroom units for sale or rent. M ost w ith hot tubs. Phone 1-800/922-2590. Senior Ag Lender for larger multi-bank holding company bank in Upper Midwest. Requires strong ag lending back ground................................................................... To $40,000. Dwayne Smith PARADISE PROPERTIES Box S Dillon, Colorado 80435 Correspondent Bank Head for major midwest bank. Re quires strong lending and adm inistrative abilityTo $50,000. Commercial Lender for bank located in Upper M id w e s t... To $32,000. Senior Ag Lender for Southern Minnesota Community bank. Excellent location andopportunity.......................To $35,000. Ag Lender with bank experience for western Illinois banking o ffice ....................................................................... To $25,000 POSITION WANTED Senior Ag Lender for N.E. Iowabank located near metro area......................................................................... To $35,000. Highly motivated mature individual w ith ag background and BS in agricultural economics from Nebraska, seeks banking position and experience leading to ultim ate goal of AG LOAN OFFICER. Phone James Beckman at 402/529-6585. (PW) Operations/Customer Contact for major Iowa banking group ..................................................................................To $30,000. Installment Lender with farm background. Immediate open ing ............................................................................. Low $20s. Number Two Person for N.W. Iowa community bank. Ex cellent conditions.................................................... To $30,000 POSITION AVAILABLE Immediate opening for MANAGER OF BANK INSURANCE AGENCY along w ith part-time banking. Located in west central Minnesota near Willmar. Contact Don Collins, First State Bank, Murdock, MN 56271. Phone 612/ 875-2431. (PA) EXECUTIVE VICE PRESIDENT retiring Central Iowa Bank of $11V4 m illion. Three to five years experience necessary. Operation: loans and insurance. Excellent opportunity. Write file VBI, c/o Northwestern Banker. (PA) AG REPRESENTATIVE $20 m illion bank in SE Iowa. Some experience desired. Salary com m ensurate w ith ex perience. Send letter w ith resume to file VBG, c/o North western Banker. (PA) Junior Ag Lenders with two or more years banking ex perience for llinois, Indiana, and Iowa locations.................. ........................................................... ..........Salary to $23,000. 14 BRANDT COIN DISPENSERS. Contact Eskel Peterson, Iowa State Bank, Des Moines, la. Phone 515/288-0111. (FS) 1 L6000 BURROUGHS ACCOUNTING MACHINE, Contact Ron at the Schuyler State Bank, Schuyler, Nebraska. Phone 402/352-2401. (FS) CANON SV-10 PROGRAMED INSURANCE CALCULATOR. $400. Phone Gary Livesay, Iowa Bankers Insurance and Services, Inc. 1-800/532-1423. (FS) Bank in N.E. Iowa needs EXPERIENCED AGRICULTURAL LOAN OFFICER. Salary negotiable. Please send Resume. Write file VBH, c/o Northwestern Banker. (PA) CASHIER for $32 m illion central Minnesota community bank. Minimum 5 years experience in operations; knowledge of micro computer helpful. Salary commen surate w ith experience. Send resume and salary history to file VBJ, c/o Northwestern Banker. (PA) Immediate opening for COMMERCIAL AND INSTALL MENT LOAN OFFICER in a 50 m illion western Montana bank. Salary negotiable. Experience necessary. One of the most desirable locations in the western US. Send resume to file VBK, c/o Northwestern Banker (PA) Write or call Malcolm Freeland, Freeland Financial Service, Inc., 1032 Carriers Bldg., Des Moines, la. 50309. Phone 515/282-6462 Employer pays fee. SENIOR VICE PRESIDENTRETAIL BANKING Excellent opportunity for experienced banker to assume senior management position with overall responsibility for retail banking functions. Major emphasis on supervision of marketing and per sonal banking. W ill also coordinate business development activities in all departments. All resumes w ill remain strictly confidential and no inquiries will be made without the applicant’s per mission. Send resume to: Carol Jackson, Personnel Office MARQUETTE BANK & TRUST CO. Broadway at Second Rochester, MN 55903 Equal Opportunity Employer Human Resources, Inc. NW Illinois 50 m illion community bank needs a SENIOR LOAN OFFICER. Must have 5-8 years banking experience in all phases of lending, including agriculture. Excellent opportunity in a good rural community. Call Andy Rogers, 1st National Bank of Galena, IL. Phone (815)777-0344. (PA) Immediate opening for AG LENDER. College degree re quired. Prefer farm or rural background. Contact Pat Krage, Personnel Officer, Security National Bank, P.O. Box 147, Sioux City, IA 51102 (PA) Opportunity for AGGRESSIVE SALES-ORIENTED INDIVIDUAL with a fast growing bank holding company in northwest Iowa. Position involves selling of leasing ser vices. Salary $30,000-$35,000 and full benefits. Send resume to file VBM, c/o Northwestern Banker (PA) AG LENDING OFFICER— Need person w ith 1 to 3 years of experience in ag lending. Must have ag degree. Some knowledge of mini-computers beneficial. Send resume & salary requirements to George Mechem, president, Brenton Bank & Trust Co., Box 388, Clarion, la. 50525. (PA) LOAN OFFICER— Excellent opportunity for aggressive person w ith minimum of 2 years banking experience. Future for management. Send resume to Don Collins, First State Bank, Murdock, MN 56271, Phone (612) 875-2431.(PA) BANKERS AVAILABLE CEO w ith 5 year earning average of 1.67 desires new challenge in Nebraska or Western Iowa community bank. Salary Negotiable CEO w ith top performance record as head of community bank for multi-bank holding company seeks new Iowa situ a tio n .....................................................Salary Negotiable Top Ag Lender recognized as one of the best in the midwest seeks number one or number tw o position in ag gressive cum munity bank with deposits to $60 m illio n . . . . Salary Negotiable We have many other highly qualified bankers, so if you are seeking a person to either take over or to lighten your load, call Malcolm Freeland, Freeland Financial Services, Inc., 1032 Carriers Bldg., Des Moines, la, 50309. Phone 515/282-6462. Employer pays reasonable fee. (PA) Financial Institution Recruiters • Consultants WANT TO BUY $20-$50 m illion bank in agricultural area. Any midwest location. Write file VBL, c/o Northwestern Banker. (WTB) WANT TO BUY a small hand operated coin counter. Phone (402) 423-2440. (WTB) V.P. Comm. Loans— Dept, head in $175 MM bank. 3-7 yrs. exp. Good growth oppt’y. Iowa. $37K. JIM VAN LAUWE P.O. Box 301 Geneseo, IL 61254 309/944-4606 Midwest & Nationwide Estate Appraisals Purchase of Collections POSITIONS AVAILABLE TRUST OFFICER—manage growing dept, for community bank. Requires two yrs. or more trust adm inistration ex perience. $28K Sale o f Rare Coins PRESIDENT—Ag/Commercial oriented $30MM bank. Ex perienced CEO preferred but would consider second of ficer. Open Reliable and respected service for over 20 years AGRI LOAN—excellent opportunity to move into second man position in $25MM com m unity bank. Requires degree. $30K Used by bankers throughout the midwest SENIOR LENDER—$30MM suburban bank seeks ex perienced lender with commercial and instal. background. $32K Ben E . Marlenee Coins 913 Locust Des Moines, Iowa 50309 515-243-8064 CEO—com munity bank of $35MM desires good ad m inistrator with superior lending skills. Stock options and bonuses based on performance part of package. Open COMMERCIAL LOAN—$150MM suburban bank. Requires 2-4 yrs. commercial lending experience and degree. $35K TOM HAGAN & ASSOCIATES 2024 Swift - Box 12346 North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry Since 1970” Vol. 12 No. 29 Northwestern Banker Newsletter (USPS 873-300) is published weekly by the Northwestern Banker Company, 306 Fifteenth Street, Des Moines, Iowa 50309, (515) 244-8163. Subscriptions $1.00 per copy, $18.00 per year. Second class postage paid at Des Moines, Iowa. Address all mail subscriptions, changes of address (Form 3579), manuscripts, mail items to above address. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
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