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* H 4 14 !V * 4 Voi. 9 No. 25 ♦ * W» * U ôV .< * October 13,1980 10,000 T o Hear Bush and M ondale URING the critical, final weeks of the 1980 presidential election campaign, Vice President Walter F. Mondale and Republican vice presidential nom inee George Bush will address more than 10,000 bank ers at the Ameri can Bankers A s sociation’s annu al convention in H®PE JR* Chicago this week. Vice President Niondale, who will be in Chicago attending Columbus Day programs, has been invited to speak today, October 13, during the opening general session of the October 11-15 convention. While he is expected to address the bankers, his appearance will be based upon his earlier Chicago scheduling. Mr. Bush will speak on Wednes day morning, October 15, during the closing general session. Both men join other leading government, banking and media officials sched uled to address the bankers at McCormick Place, the convention headquarters. In addition to remarks by Vice President Mondale, the general session on October 13 features presentations by G. William Miller, secretary of the treasury, and a major inflation speech by David Rockefeller, chairman of the board D •-> - Des Moines, Iowa of Chase Manhattan Bank. A B A President C. C. Hope Jr. will preside over the opening session. BankPAC On Tuesday, October 14, Rep. Jack Kemp (R-N.Y.) and a leading Democratic congressman will speak during the association’s national BankPAC (political action commit tee) rally. The second general ses sion begins at 9:30 a.m. and features presentations by Comptroller of the Currency John Heimann, chairman of the Federal Reserve Board of Governors Paul Volcker, and the Agronsky and Company panel. Panel members include Martin Agronsky, Elizabeth Drew, James J. Kilpatrick, Joe Kraft and Carl Rowan. Along with George Bush, head line speakers scheduled for Wednes day’s closing session include Sen. William Proxmire (D-Wis.), Rep. Henry S. Reuss (D -W is.), Chairman of Citibank Walter Wriston, former president of the First National Bank of Chicago Herbert Prochnow, and A B A President-Elect Lee E. Gun derson, who will participate in a panel appropriately titled, “ Bank ing 80s/Wisconsin Perspective.’’ Forums In addition to hearing outstand ing speakers, the bankers in attend ance will participate in forums and special interest sessions that cover a multitude of current banking issues. The election-year campaign has raised many questions in the finan cial marketplace regarding the im pact of the presidential election on domestic and international economic/financial policies, the deregu lation of financial institutions, the nationwide availability of Negoti able Order of Withdrawal (NOW) accounts, the pricing of services by the Federal Reserve System, and the possible and probable effect of pending legislative and regulatory initiatives. □ Minnesota News The Minnesota Bankers Associ ation has scheduled a full-day In dividual Retirement A ccou n tKeogh workshop to be held at the Registry Hotel in Bloomington on October 16. ALDEN: The First National Bank will open a full service commercial banking facility in the Skyline Mall Shopping Center in Albert Lea in November, and simultaneously be come a state bank, according to Bill Johnson, president. DODGE CENTER: David Kjos, cashier at First National State Bank of Thief River Falls, has accepted the position of vice president at Northwestern State Bank. GRYGLA: At the American State Bank, Ron Foss has been promoted to vice president and cashier, Judy Irlbeck has become assistant cash ier, and Julie Sparby has become bookkeeper. JV *>-. > *N CALL ON THE “PERFORM ANCE TEA M ” tk «# where com m on transactions are .handled uncommonly well. r FIRST NATIONAL LINCOLN https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 13th & M Street • Lincoln, Nebraska 68501 • Member, F.D.I.C. m m m t \ w Don't gam ble w hen choosing a correspondent bonk. Com e to the professionals. fe fe . ,99 Central National Bank & Trust Company DES MOINES • MEMBER FDIC TOLL FREE NUMBER (800) 362-1615 H AW LEY: S.A . “ Stew” Turing has joined the staff at First National Bank as executive vice president. He has spent the last 18 years in service to Dakota Bank & Trust Co. of Fargo. HENNING: A t the First National Bank, Duane Fraki was named ex ecutive vice president; Bill Goepfer, assistant vice president; Bob Rein bold, cashier, and Lois Fiskum, head bookkeeper and assistant cashier. K AN ARAN ZI: Funeral services were held recently for Duane E. DeBates, 44, vice president and cashiér, Farmers State Bank, following a heart attack. M INNEAPOLIS: The Federal Re serve Bank has announced Vice President Robert W . Worcester will assume responsibilities for the bank’s discount operations and Ray L. Hulett, assistant vice president, will become officer in charge of bank services. MINNEAPOLIS: David J. M c Laughlin has joined First Bank Minneapolis as vice president and senior investment officer. Mr. McLaughlin will head the bank’s asset management department. M INNEAPOLIS: Nan Sorenson has been named a commercial loan officer at First Bank Hopkins. M INNEAPOLIS: Gregory L. Bohnert and Alan R. Geiwitz have been promoted to vice presidents, com mercial loans, at Northwestern Bank Southwest. MINNEAPOLIS: The Federal Re serve Bank o f Minneapolis approved applications from two firms to be come one-bank holding companies https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis We’re people you can turn to for investments. For investment services, data processing, ag lending and overlines . . . we’re the people you can turn to. We’re more than western Iowa’s largest bank. We’re people. Stephen J. Hatz Sr. Correspondent Bank Officer 712/27 7-6 526 SECURITY NATIONAL BANK IN SIOUX CITY. IOWA. MEMBER F.D. I. C. by acquiring existing banks. The firms are Jasper Investment Co. In c., which will control Jasper State Bank, and Bankshares of Hawley Inc., which will acquire the State Bank of Hawley. MINNEAPOLIS: JohnD. McDon ald has joined First Bank Minneha ha as senior vice president of the credit department. He had been vice president at First Bank Willmar since joining that bank in 1970. Both banks are part of First Bank System. MINNEAPOLIS: State Banking Commissioner Michael Pint approv ed a detached banking facility for Riverside Community State Bank. Federal officials have also granted approval to Northwestern National Bank of Minneapolis and First Bank Minneapolis to open detached facil ities in the same area. MINNEAPOLIS: The BAI meet ing program for October 16 will feature Copeland Schmidt, vice president, First Chicago Data Corp. The meeting will begin at 6:30 p.m. at the Normandy Inn. OWATONNA: Ken Wilcox, presi dent of Northwestern National Bank, has announced the promotion of Marlene J. Garmann to the position of cashier and the election of Jerald D. Lundgren as agricul tural loan officer. ST. PAUL: Lannon C. Brown join ed Midway National Bank as assist ant vice president. ST. PAUL: Rosie Bostrom has been elected mortgage loan officer of the First State Bank, according to Mer lin M. Helgemoe, president. Ms. Bostrom began her career at the bank in December, 1977, as a clerk in the commercial loan department and became real estate loan repre sentative. Mr. Helgemoe also an nounced the following changes: commercial loans—Craig R. Bollum was named senior lending officer with Debra Bisek, Tom Hansen and © 1980 Security National Bank Donald Husband, commercial lend ing officers; sales finance—Timothy Thompson was named sales finance officer and Michele Gilbert sales finance representative; retail bank ing—Barbara Anderson has been named personnerbanking represen tatives; Little Canada office—Alan Burchill was named manager and Clyde Torvik personnel banking representative. North Dakota News “ Banking Challenges of the ’80s” will be the theme of a conference sponsored by the NDBA Bank Women’s Committee October 21-22 at the Seven Seas Motor Inn at Mandan. Registration begins at 11:00 a.m. October 21 in the hotel lobby. Featured speakers include John Graham, director of the North Dakota Legislative Council; Dr. Robert Joselyn, F.S.E. Manage ment System, and white-collar crime specialist Frank W. Aba- C a lla BANKERS’ BANKER 1-800-362-1688, toll-free in Iowa Ben Eilders Correspondent Banking Department B a n k e rs “ sissTrust Des Moines, Iowa 50304 Member FDIC, Federal Reserve System ¿I» V Supplement to Northwestern Banker Newsletter 10-13-80 * ** * Plan Your Introduction of N.O.W. Accounts 1) Complete marketing programs include: Newspaper Slicks Radio Scripts Brochures Counter Cards Posters ¥■ 2) 5 different programs; select 1 or all. * ^ 3) Exclusive use within 50-mile radius of your bank. v* 4) No subscription fees or minimum orders. M ^ ^ 5) All materials personalized to your bank. 6) Availableforshipment November15 if ordered by October 20. Newspaper Because of the immediacy of N.O.W . Accounts, we’re featuring a varietyofN .O .W .ads. Ads were de veloped from information gained at IBA Conferences, theBM A School of Bank Marketing and lectures from New England bankers. Radio Scripts The message of all radio scripts is consistent with the dominent mess age of each ad package. We recom mend that your local radio announcer read the script. Statement Stuffers INTRODUCING THE 5'/4% CHECKING ACCOUNT A new way to earn all the intezest you can get. All statement stuffers will carry the same “ look” as your newspaper advertisement. Standard size is 7” x 3^2 ” . Counter Cards Counter cards measure 5” x l0 ” . Posters Poster size is 19” x25” . We're introducing a new checking account that'll pay you interest right up until the time you write a check. We simply call it * our 5*4% Checking Account. And, it can be yours with absolutely no service charge as long as you maintain a m inimum balance. Of course, w ell continue to offer our regular checking account because some people won't want to switch. And, if you already have an account with us, we won't change it unless you tell us to. But, if earning blA% interest on your checking account balance "interests" you, give us a call. Or, for higher paying plans, ask us about our Savings Certificates. Either way, well help you keep your money earning all the ^ interest it can get. . Please send a sample of all N.O.W . Account promotional material and pricing structure. W Send to: Bank ______________________________________ Officer ___________________________________ A ddress________. BANK LOGO City _______________________ ________ S ta te ___________ Z i p _______ Mail to: Northwestern Printing & Publishing Co. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 306 - 15th Street Des Moines, Iowa 50309 Until now, all w e could do for people w ho wanted to earn 5 ¥4% interest on their checking account was offer our condolences. N ot any m ore. If you haven’t b een earning interest on your checking account m oney, join the crowd. Because until recently it’s been against the law for banks to pay it. The S'/4% But n ow all that’s changed. Beginning January 1, 1981, w e ll pay y o u 5 ¥4% interest on your checking account. And if you keep a minimum balance, w e ll handle die w hole thing with absolutely no service charge. Checking Account If you ’re one o f our regular checking account customers simply phone us and w ell mail y ou the forms necessary to switch your old checking account to our new 5 ¥4% interest checking account. And, if you bank sortie other place, w e ’d like to chance to, talk to you. write checks like you always have done, only now, you'll earn 5V*% interest up until the time you write it. Thafs all there is to it. At the end of the year, that 5V*% money can add up to a down payment on a new car or you can keep saving it for a sunny day. So if you have an ordinary checking account, why not switch to our new 5V*% checking account . . . then maybe you can afford to take a little vacation. We're introducing a new checking account that features vacations, educations, new cars and even some retirement money. Sounds too good to be true, right? But it is true because our new 5V*% checking accounf s designed to keep your money earning interest right up until the time you spend it. Here's how it works. You deposit your paycheck into checking just like before and keep a minimum balance at all times.* Then, Xfter all, w hy should yo u put up with condolences from them w hen you can earn interest with us. BANK LOGO BANK LOGO Announcing interest on checking starting January 1st. For the first tim e in over 5 0 years, y o u ca n earn Interest o n y o u r ch eckin g accou n t balance. N ew fed eral ba n kin g regulations, effective N ew Y ears Day, w ill allow u s to p a y yo u 5 1A % dally in terest o n y o u r ch eckin g m oney. JANUARY 1981 & M T W T F § 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 2829 30 31 W hy are w e offerin g interest on checking accounts now ? W hy haven’t banks offered in terest on checking b efore? They have! Back in the 19<30’s, a lm ost a ll b an ks paid Interest o n ch eckin g accounts. But, in a n effort to stabilize the ban kin g Industry d uring the depression, C ongress passed a la w p roh ibitin g the p aym en t o f in terest o n “dem and deposit” (ch e ck in g accou n ts). Because w e w a n t to respond to the needs o f the people In ou r com m u n ity and the n e w ban kin g law s are finally allow in g u s to do it. We lo o k at it this w a y — in tim es like these, y o u need to earn all the interest y o u ca n get and p aying 6 X A % interest o n checking, is on e w a y w e ca n help y o u out. How can I sign up? I f y o u already have a checking a ccou n t w ith us, sim p ly stop b y and w e ll transfer y o u r account to ou r n ew 5 ¥4% checking account. I f y o u ’re a n ew custom er to ou r bank, w e ll help y o u close y ou r account at y o u r presen t ban k and op en y ou r 5 ¥4% ch eckin g a ccou n t here w ith n o service charge o r m inim um balance require m ent fo r the first 9 0 days. H ow ’s that fo r a n offer? NOW, a 5V4% checking account that helps you keep your head above water. If inflation continues, you're probably going to have to work harder this year just to keep your head above water. To help you, we’re introducing a new checking account that's designed to keep your money earning interest right up until the time you spend it We simply call it our 5¥4% checking account. And, it can be yours with absolutely no service charge as long as you maintain a minimum balance. Now instead of sitting idly in a regular checking account your money can be earning SV *% interest until the day you write your check Making your money go further so you can keep your head above water is what our new checking account is all about Nf BANK LOGO What shall I ask fo r w hen I com e in to the bank? A sk fo r ou r n ew “ 5 ¥4% Checking A ccou n t”. Or give us a p h on e call at the num ber listed below. Either w a y — w e’ll help you earn all the interest y o u ca n get. BANK LOGO https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis V 3 IRA & HR-10 SEMINARS Conducted by COLLIN W. FRITZ Banking Consultant DATES AND LOCATIONS October16 ........The Registry, Minneapolis, MN October21 ........Village Red Lion, Missoula, MT October22 ..............Ponderosa, Great Falls, MT October23 . . . ................. Sheraton, Billings, MT October30 ................... Holiday Inn-Downtown, Sioux Falls, SD Novembers ..........Harbor House, Storm Lake IA November6 ............... RamadaInn, Waterloo, IA November12 ..................Carousel, Iowa City, IA November13 . . . . . Hyatt House, Des Moines, IA November18 ..............Holiday Inn, Kearney, NE Novem ber19................Ramada Inn, Lincoln, NE Time frame for all meetings is as follows: 8:30 a.m.............................................. Registration 9:15a.m................................. Seminar Convenes 12:00noon .................................... Luncheon 3:30 p.m ............................................ Adjournment v * IRA/HR-10 SEMINARS Please register the following person(s) at the location indicated below for the IRA / HR-10 Seminar. Pre-registration fee: $45.00 Registration at the door: $50.00 Name_____________________________________ Location Name_______________ ______________________ Location Bank________________________________ Town * By_______________________________________ Please return the above form to: Collin W. Fritz P. O. Box 2732 Des Moines, Iowa 50315 V' https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Zip Telephone_______________________ (Please include area code) 4 gnale. The program adjourns at 12:00 noon, October 22. FARGO: Bruce Howland has been named instalment loan adjuster at Dakota Bank. He is a graduate o f North Dakota State University and holds a BS degree in economics. HEATON: LeRoy Gilbertson, com missioner of the state banking de partment, has announced approval for Farmers State Bank to change location from Heaton to Carrington. Also approved was an increase of capital stock from $120,000 to $400,000 by cash dividend. The Farmers State Bank also amended its articles o f incorporation to in crease the board o f directors from five to nine members. Nebraska News The Nebraska Bankers Associ ation will be holding its 1980 Mar keting Conference October 21-22 at the Kearney Holiday Inn. Registra tion fee is $85 per bank»* at the door. Featured s p e a k e r s T uesday morning will include Jack Whittle of Whittle, Raddon, Motley & Hanks, Chicago; William St. John o f the Bank Marketing Association, Chi cago; Roger M. Beverage, executive vice president o f the NBA, and Jim Lauerman, vice president o f Bailey Lewis & Associates, Lincoln. Speaking Wednesday will be Richard M. Fritz, president, First National Bank, Kearney; Carl Niel sen, Carl Nielsen & Associates, Wichita, Kan., and Catherine Hay den, assistant vice president, Fi n a n c ia l S h a res C o r p o r a t io n , Chicago. Registration will be at 9:30 a.m. Tuesday and the conference will ad journ at noon Wednesday. CHADRON: The Regional Admin istrator of National Banks has granted approval for the First Na tional Bank to open a detached teller facility at 2nd & Bordeaux. CRETE: Carleton Flynn, president of City Bank & Trust Co., has been elected to the board of trustees of the Colorado Graduate School of Banking at the University of Colo rado in Boulder. GENEVA: Carl Schneider, 82, ex ecutive vice president o f the Geneva State Bank, died recently. KEARN EY: Kearney State Bank & Trust Co. has joined the downtown Kearney business firms with the grand opening o f the new drive-in facility at 24th & Avenue A. LINCOLN: Glenn Yaussi has been elected board chairman o f Lincoln Bank East. He will also manage the three one-bank holding companies awaiting regulatory approval to split off from the Commerce Group. ASK DALE FROEHLICH to make MNB work for you. Toll free 1- 800 - 332-5991 Merchants ^ National Bank 151 Member F.D.I.C. A BANKS OF IOWA BANK https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis LINCOLN: William C. Smith, pres ident of First National Bank & Trust Company, has announced the election o f Orrin A . Wilson as senior executive vice president o f the bank. Mr. Wilson also has been elected to the board o f directors o f the bank and its holding company, First Na tional Lincoln Corp. He will begin his new duties October 27. Mr. W il son is leaving Northern Trust Com pany o f Chicago, where he has been vice president in the central division of the banking group, calling on banks in Nebraska, Iowa and other midwest states. Mr. Wilson suc ceeds Robert E. Harris, who re signed recently to become chief executive of the Oklahoma Bankers Association. Mr. Wilson and his wife, Jan, and their three sons will move at an early date to Lincoln, where they have purchased a home. LINCOLN: A bank charter appli cation has been filed for First Secur ■....... - ■■■' Estate Appraisals Purchase off Collections Sale off Rare Coins Reliable and respected service for over 20 years Used by bankers throughout the midwest Ben E. Marlenee Coins 913 Locust Des Moines, Iowa 50309 515-243-8064 ity Bank o f Nebraska, which would be located at 5900 N.W . First St., in the Highlands subdivision o f north west Lincoln. Bob Hadebroock of Omaha, proposed president, said the state banking department has set November 18 as a tentative hearing date on the application. Mr. Hasebroock said a Lincoln group of the bank’s stockholders that would like to build and own a $350,000 building includes: Vincent Brown, Vaughn Border, Donald Clifton, Allan Domina, Hall Hasselbalch, Glen Lau, Charles Salem, Elliott Rustan, Leland Van Boskirk and Herb Whittman. OM AHA: Norma J. Kofoed and Mary B. Craftree have been named vice presidents of the Mid City Bank. Gary A . Nedved was named assistant vice president. OM AHA: The FDIC has approved applications for the Bank of Millard to establish remote service facilities in retail outlets at 5005 S. 135th S t., 13922 South Plaza and 2810 Harlon Drive, Bellevue. OM AHA: Paul J. Amen, director of banking and finance, has issued an order of approval to American Sav ings Company for permission to move its auxiliary office from 8424 to 8404 West Center Road. O'NEILL: Francis N. Cronin, 80, retired chairman of O’Neill National Bank, died recently. PETERSBURG: F. A. “ Del” Schafer, 81, president and chairman of the board of the Petersburg State Bank, died recently. Iowa News AM ES: Jo Ann Lathrop has been V " O p p o rtu n ity ^ , K n o c k s ..." W Packages 1. Blanket Bond, Director & Officer, fiUTOÍTlflTEO SVSTEJT1S Trust E & O 2. Automobiles □F IGLUfijnC. 3. Single Interest 301 N. Ankeny Blvd., Suite 220 4. Fire & Liability Ankeny, la 50021 515-964-1358 5. Crime (safe deposit, cash letter, etc.) * M + y y* ff * « < «$ ♦ ^'v -~f\ promoted to assistant trust officer of the First National Bank. Also at First National, Jacki Michaelson was promoted to assistant cashier and Rebecca Hostetter was named senior teller. BURLINGTON: The Regional A d ministrator o f National Banks has granted approval for the First Na tional Bank to open a detached a teller facility at Roosevelt & West Avenue. by President R. Scott Fetner at the luncheon at the Elks Club followed by National Bank officers present ing an update on current banking regulations. Reg D, new Fed pric ing, NOW accounts, investment update information and trust serv ices will be featured. Speakers will include William J. Rickert, William H. Burger, Curt D. Kyhl, Richard J. Jung, Dwayne Streeter and Merland Wackerbarth. CEDAR RAPIDS: Don Nebergall, president of Brenton Bank & Trust Co. was re-elected president of Greater Downtown of Cedar Rapids. M ILW AUKEE: Marine Corp has received Fed approval on its appli cation to buy First National Bank & NEVADA: The State Bank & Trust Co. has announced the addition of R ly Lounsberry to its board of directors. REDFIELD: Jeff Horn will join the Dallas County State Bank staff as office manager. SIOUX CITY: Monty G. Harmes, an employe of Northwestern Na tional Bank since 1975, has been elected assistant operations officer with the bank, President Stanley W . Evans announced. WATERLOO: Bev Ridder, market ing officer of the National Bank, has been installed chairman of the North Central Iowa Group of the National Association of Bank Women, Inc. WATERLOO: The National Bank will host a seminar Wednesday, October 8, for over 100 bankers representing 65 banks in northeast Iowa. The bankers will be welcomed Call our Bond Department " For up-to-the-minute, accurate information C o m m erce https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 10. Extent and nature of circulation: Wisconsin News STATEMENT OF OWNERSHIP, MANAGEMENT AND CIRCULATION (Required by 39 U.S.C. 3685) 1. Title of publication — Northwestern Banker Newsletter. 2. Date of filing — October 1, 1980 3. Frequency of issue — Weekly. 4. Location of known office of publication (Not printers) — 306 - 15th Street, Des Moines, Iowa 50309. 5. Location of the headquarters or general business offices of the publishers (Not printers) — 306 - 15th Street, Des Moines, Iowa 50309. 6. Names and complete addresses of publisher, editor and managing editor — Publisher — Malcolm K. Freeland, 306 - 15th Street, Des Moines, Iowa 50309. Editor — Ben Haller, Jr., 306 - 15th Street, Des Moines, Iowa 50309. 7. Owner (If owned by a corporation, its name and address must be stated and also immediately there under the names and addresses of stockholders owning or holding 1 percent or more of total amount of stock. If not owned by a corporation, the names and addresses of the individual owners must be given. If owned by a partnership or other unincorporated firm, its name and address, as well as that of each individual must be given.) Malcolm K. Freeland, President, 306 15th Street, Des Moines, Iowa 50309. Ben Haller, Jr., Vice President, 306 - 15th Street, Des Moines, Iowa 50309. Northwestern Banker, 306 - 15th Street, Des Moines, Iowa 50309. 8. Known bondholders, mortgagees, and other security holders owning or holding 1 percent or more of total amount of bonds, mortgages or other securities: Malcolm K. Freeland, President, 306 - 15th Street, Des Moines, Iowa 50309. Ben Haller, Jr., Vice President, 306 - 15th Street, Des Moines, Iowa 50309. Actual Number Average No. of copies of copies each Single issue issue during nearest to preceding filing date 12 months A. Total No. copies printed 4,873 4,824 (Net Press Run) ' B. Paid circulation 1. Sales through dealers and carriers, street ven dors and counter sales NONE NONE 2. Mail subscriptions 4,483 4,435 C. Total paid circulation 4,483 4,435 D. Free distribution by mail, carrier or other m e a n s sample, complimentary, and other free copies 290 289 E. Total distribution (Sum of C and D) 4,773 4,724 F. Copies not distributed 1. Office use, left over, unaccounted, spoiled after printing 100 100 2. Returns from news agents NONE NONE G. Total (Sum of E, F1 and 2—should equal net press run shown in A) 4,873 4,824 11. I certify that the statements made by me above are correct and complete. BEN HALLER, JR. Editor 12. For completion by publishers mailing at the regular rates (Section 132.121, Postal Service Manual). 39 U.S.C. 3626 provides in pertinent part: “ No person who would have been entitled to mail matter under former section 4359 of this title shall mail such matter at the rates provided under this subsection unless he files annually with the Postal Service a written request for permission to mail matter at such rates.” In accordance with the provisions of this statute, I hereby request permission to mail the publication named in Item 1 at the phased postage rates presently authorized by 39 U.S.C. 3626. Ben Haller, Jr., Editor Tom Steffens John Henderson Tony Paugoulatos Jim McLaughlin Vice President Vice President Asst.Vice President Asst.Vice President Bond Officer Bond Representative 234-2462 234-2463 234-2647 234-2691 234-2673 Rusty Reese 234-2674 10th and Walnut Dave Wittenborn (816) 234-2000 5 6 Trust Co. o f Racine. The fed denied the application last spring on the grounds that it would limit com petition in the Racine market. Marine announced the plan in May, 1979, and later appealed the Fed’s rejection. Terms were not dis closed. First National has $155 million in deposits. UPDATE YOUR ALARMS PARTIAL LIST OF AVAILABLE APPLICANTS Security and video system s profes sionally designed to fit all your needs. INVESTMENT— BA with very high GPA and experi ence as a full service broker. Wants a spot in invest ments. $12,000 For inform ation and com plete survey call: LOAN OFFICER—Graduate of ag banking school with experience as teller/bookkeeper. Good person for trainee position. $10,500 SECURITY SYSTEMS, INC. 3920 Delaware Des Moines, IA 50316 [515] 265-1161 r -------- -— --------------- ------ --— FOR SALE □ I would like to sell my majority bank stock. □ I would like to buy ma jority bank stock. FOR SALE NCR 775 proof machine; 12 pockets. Maintenance w ill transfer. Burroughs TR-102 electronic teller machines. Upgrad able to on-line. $995. I Please Contact: J. Mason Henry Burroughs TR-101 electronic teller machines. $795. Charles E. Walters Co., Inc. NCR 1550 electronic teller machines. $795 each. NCR 152-70 teller machines. Completely recondi tioned. Guaranteed. $495. ______________ Call (214) 757-7760___________ (FS) 12’x40’ mobile home comverted for use as temporary banking facility. Night drop and drive-up window in stalled; good teller counter; furnace with central air; available immediately. ALSO, 6’x9’ remote drive-up building with heat and air conditioning. Call (319) 291 -5429 or (319) 291 -5468.__________________ (FS) POSITION WANTED BANKERS AVAILABLE CEO with solid lending and administrative background................................................................. $35,000 SeniorVP, commercial loans............................ $30,000 Commercial Loan Officer...................................$20,000 Ag Lending Officers............................................$22,000 Instalment Loan Officer. ..................................$22,000 Loan Officer with insurance license..................$23,000 Write or call Malcolm Freeland, Freeland Financial Service, Inc., 306- 15th Street, Des Moines, IA 50309. Phone (515) 244-8163. Employer pays fee.______ (PW) Ten years’ experience in Agri-business and Commercial loans. Grad School of Banking, Robert Morris and formal bank training. Resume and references upon request. W rite file LBE, c /o Northwestern Banker. (PW) Portable Modular Bank Building Lease • Rent • Buy Pleasecall fo rd e ta ils: General Bank Equipment & Systems, Inc. 13312 Giles Road Omaha, Nebaska68138 Phone: (402) 895-6200 I I P.O. Box 1313, Omaha, Nebraska68101 Phone: (402)553-6400 I________________________________ I WANT TO BUY One general ledger account machine either NCR or Burroughs. Call (308) 783-1152._____________ (WTB) POSITION AVAILABLE Southwestern Iowa bank needs ag loan officer. Reply in confidence to file LBI, c /o Northwestern Bank e r_______________________________________ (PA) LOAN OFFICER— Immediate opening for an officer with experience in agricultural and commercial loans. Send resume to J.H. Hanson, The Security State Bank, Box 1291, Poison, MT59860.____________ (PA) Loan Officer—Central Illinois bank seeking individual for lending responsibilities, primarily consumer and ag lending. Would be part of management team. Oper ations experience helpful, but not necessary. Send resume and salary requirements to file KBZ, c /o Northwestern Banker._______________________ (PA) Management Position and Bank Operations. South east Iowa bank. Salary commensurate with experi ence; excellent benefits and opportunity. Send resum etoflleLBG , c /o Northwestern Banker. (PA) BANKING CAREERS— If you are currently employed and wish to evaluate your career potential, my organi zation has openings in the $12,000 to $40,000 range In banks throughout the midwest. All position job orders No. 106-218 are employers paid. Call or write Jim Hogan, Dunhill, Suite 1135, 730 2nd Ave. S., Minneapolis, MN 55402; (612) 335-6451._____________ (PA) Commercial/Agricultural Loan Officer—We are look ing for an experienced com mercial/agricultural loan officer. Candidates should have 5-10 years commer cial loan experience, good credit analysis abilities, and proven customer relations and business develop ment skills. The opportunity for upward mobility In a $90 m illion eastern Nebraska bank. Salary, benefits and career opportunities are attractive for the right In dividual. Send resume and salary history to file LBK, cl oNorthwestern Banker.__________________ (PA) Western Iowa rural bank wants experienced loan officer. Respond to file LBJ, c /o Northwestern Bank e r_______________________________________ (PA) iNof FCS We can save you money on MICROFILM LAMPS. We so li cit your inquiries. SITLER’S SUPPLIES, INC. BoxIO -Z 702 E. W ashington St. W ashington, Iowa 52353 Phone 319-653-2123 In Iowa Cal 1800-272-6459 SERVING PROFESSIONALLY Banking, Financial & Business Personnel Iowa and Nationwide V'. LENDING—Started as teller and has worked up to senior loan officer. Pays attention to detail and gets the job done. $14,500 LOAN OFFICER— BA in finance and 3 + years as a bank examiner. Evaluates both loans and operations. W ill consider lending or operations. $16,000 CREDIT CARD MANAGER— Skilled in all areas of credit cards. Service, accounting and collections. Has supervisory experience. An expert in setting up private label systems to fund merchants accounts receiv ables. $20,000 AG LENDER— BA in ag business, made the dean’s list; 2Va years experience includes analyzing loans, managing farms, soliciting new business and making farm calls. $17,500 COMMERCIAL LENDER—Certified commercial lend er. Heavy in lending, analysis and collections. Exper ience with six figure loans and can develop new busi ness. $25,000 VP—Currently vice president with $50 + mm bank. Solid in lending, credit and operations. Responsible for banks conformity to state and federal laws. $28,000 FOR MORE INFORMATION RESPOND IN CONFIDENCE TO: ÿt Bank Division ROBERT HALF of Iowa, Inc 317 6th Ave. Des Moines, IA 50309 (515) 244-4414 ■-*>- ALL FEES COMPANY PAID AG BANKING CAREERS XT’» V AG LENDING REP. . .Io w a ........................... $20,Ö>0 FARM/AG FINANCE. . .Illinois ..................$20,00) VICE PRESIDENT. . .Minnesota ....................$20,000 CREDIT MANAGER. . .Wisconsin ................$16,000 AG LOAN REP. . .Iowa ................................. $20,000 Since 1968, banks and other ag-related employers have been paying us to find the personnel they need. For more information, give Linda (our banking spec ialist) a call today. BOH CAREERS, INC. m j AGRICULTURAL PERSONNEL RECRUITERS 515-394-3145______________ New Hampton, IA 50659 POSITIONS AVAILABLE ADMINISTRATIVE OFFICER—Senior management position available fo r individual with ability to oversee operations, personnel and marketing..................... 35K TRUST HEAD—Suburban bank of $60MM with ex cellent growth potential. Prefer law degree and heavy personal trust experience.........................................30K INSTALLMENT LOAN—Junior position available in medium size Iowa community. Prefer one to two years experience including some exposure to indirect financing................................................................... 15K AGRI LOAN— Major Nebraska bank seeks an ag specialist for their correspondent department. Ex cellent benefits and opportunity..............................28K INSTALLMENT LOAN— Excellent opportunity in northern Minnesota bank. Handle all installments with chance to advance as bank grows..................16K k CONTROLLER—Full responsibility for all accounting functions, reports and investments in medium size Iowa bank. Prefer accounting or finance degree. 25K AG LENDER— Rural southern Missouri bank affiliated with major holding company. Prefer ag degree and 3-5 years ag lending experience.....................................23K r*r~ To inquire about a position please forward resume and salary history in confidence to: W' CAPITAL PERSONNEL SERVICE TOM HAGAN & ASSOCIATES OF KANSAS CITY 714 Central National Bldg. 515-283-2545 Des Moines, Iowa 50309 P.O. Box 12346 / 2024 Swift North Kansas City, Missouri 64116 _____________ Phone (816) 474-6874_____________ Vol. 9 No. 25 Northwestern Banker Newsletter [USPS 873-300] is published weekly by the Northwestern Banker Company, 306 Fifteenth Street, Des Moines, Iowa 50309. Subscriptions 25 cents per copy, $8.00 per year. Second class postage paid at Des Moines, Iowa. Address all mail subscriptions, change of address [Form 3579], manuscripts, mail items to above address. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Y ■*r A" V-'
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