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Vol. 9 No. 27 Des Moines, Iowa October 27,1980 ket opportunity.” The two ideas are closely related. Banks are losing their share of the nations financial back to the House where it is lan e g a r d l e s s of the outcome business to unregulated institu guishing. of the Presidential race next tions. Thirty years ago, banks held [3] S 2379 and HR 6777—Would week, there is a chance that we will 80 % of all deposits and 52 % of all see some action on a number of permit BHCs to hold equity posi assets held by financial institutions. tions in export trading companies. pending banking bills during the Today, these figures are 59% and lame duck session of Congress, Representative Fernand St. Ger 37%. starting November 12. main may hold additional hearings Omnibus Law on whether there should be a mora Among the bills which could be Clearly, banks cannot assume torium on foreign bank takeovers of candidates for action are: [1] HR 2255—A House-passed domestic banks. This issue would that the passage in March of Omni lead to a resumption of debate over bus Banking Law will correct the bill which would limit insurance act the relevancy of the McFadden Act problems that these numbers in ivities of BHCs. The Senate Bank and whether changes should be dicate. As its title suggests, the ing Committee has added a number Omnibus Law was a “ depository in of amendments to the House bill in stitutions deregulation” measure, cluding 100% FDIC insurance of and it did not address the larger field public deposits. The latter provision of competition from other types of is highly controversial and efforts financial institutions. The work of will be made on the Senate floor to the bankers in achieving a level delete it. CSBS believes separate playing field will be incomplete until hearings should be held on this issue banks are able to compete freely rather than permitting a proposal of with unregulated institutions. The this importance to avoid the estab A B A will continue to press for lished legislative process of open changes in the Glass-Steagall A ct debate in committee. Other amend which will allow banks to invest in ments added to the bill include a corporate securities, offer commin provision to establish a Consumer gled agency accounts, and to under Usury Study Commission, a move write revenue bonds. Other pro which CSBS supported. posals would require money market [2] HR 5625—Would prohibit made to the Douglas Amendment to mutual funds to set aside reserves to banks and bank holding companies the BHC Act. equalize the competition with com from acquiring thrift institutions mercial banks, and provide further A B A Agenda except to prevent a failure of the The A B A , of course, has its own relief from usury ceilings. latter type institution. No hearings A B A is lobbying intensely for were held on this proposal. The agenda for change which it will seek amendments to legislation that to put forward as the new legislative Senate tacked it on as an amend ment to a House-passed bill which year begins. The keyword in the would expand the powers of the Co operative Farm Credit System and would authorize the striking of a 96th Congress was “ deregulation.” The key phrase in the 97th Con create essentially another unregu medal for A. Phillips Randolph, a lated competitor. The theme in all New York labor leader, and sent it gress is probably going to be “ mar- Pending Bills for Lame Duck Session R Don't gam ble when choosing a correspondent bonk. Come to th e professionals. For any correspondent bonking need . . . overline assistance, d a ta processing services, investm ent counseling . . . just g ive us a call. W e're the professionals w h o put the response in correspondent bonking. kM C entral National Bank & Trust Com pany D E S M O IN E S • M E M B E R FD IC • TO LL FR E E N U M B E R (800) 362-1615 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Cyrus D. Kirk, V ice President AG BANKING CAREERS Grow with a BANKERS’ BANKER Call 1-800-362-1688, toll-free in Iow a Roger Arwood Correspondent Banking Department AG LENDING OFFICER. . .Iowa ...................$20-$28,000 PROFESSIONAL FARM MANAGER. . .Illinois. . . .................................. $20-22,000 these legislative activities is to en sure that banks do not lose their share of the financial market be cause of unrealistic restrictions that hamper the free operation of the marketplace. The legislative pro cess is a continuing one, and much of the agenda of the next Congress will be established by the members of this Congress in the lame duck session. □ Iowa News The Iowa Bankers Association is proceeding with its plan to offer a deferred annuity of contract, as re ported in the September N o r t h w e s t e r n B a n k e r . The 1RS earlier this month ordered Iowa savings and loan associations to discontinue their offering of a “ wraparound annuity.” Neil Milner, executive vice president of the Iowa Bankers Association, stated that IBA was aware gill along of what were consid ered deficiencies in other plans and says IB A officials feel “ their pack age is in compliance.” Approval is being sought from 1RS and other regulatory bodies. Approval is hoped for later this month. If grant ed, the plan will be offered through Iowa banks immediately. * * * L e o K a n e , Correspondent Danker CEO. . .Iowa ............................................... $30-35,000 American Trust & Savings Dank AG LENDING REP. . .Io w a ..............................$20,000 Since 1968, banks and other ag related employers have been paying us to find the personnel they need. The Dank of Opportunity For more information, give Linda (our banking special ist) a call today. Town Clock Plaza, Dubuque. Io w a CALL 319-562-1641, COLLECT BCjriCAREERS, INC. m J A G R IC U L T U R A L (515)394-3145 Des Moines, Iowa 50304 Member FDIC, Federal Reserve System "Opportunity C o lls../' ............$20-26,000 AG LOAN & OPERATIONS OFFICER. . .Iowa. . . PERSONNEL g S jj| * R E C R U IT E R S New Hampton, IA 50659 The Iowa Bankers Association will sponsor four seminars covering recent developments in the IRA and Keogh programs. All seminars will be conducted by Collin W. Fritz, banking consultant. The times for all meetings are as follows: 8:30 a.m .—registration, 9:15 a.m .— seminar convenes, 12:00 n o o n luncheon, and 3:00 p.m. —adjourn ment. The dates and locations are as follow s: N ovem ber 5, H arbor House, Storm Lake; November 6, Ramada Inn, Waterloo; November 12, Hyatt House, Des Moines, and November 13, Carousel, Iowa City. This information supersedes any previously published information. CEDAR RAPIDS: Hawkeye Bancorporation of Des Moines said it plans to buy United State Bank subject to approval of the Federal Reserve. Terms of the proposed acquisition were not given. United State Bank has assets of more than $40 million and is one of nine banks in the Cedar Rapids market. It would be Hawkeye’s first bank sub sidiary in the Cedar Rapids area. DES MOINES: Marily K. Carlson joined the Bankers Trust Co. as a trust operations officer. A lso , Catherine Reed was named an oper ations officer. DYERSVILLE: James R. Kennedy has received notification from the Federal Reserve Bank of Chicago that his application for acquisition of the Fidelity Bank & Trust has been approved. FORT DODGE: Earl J. Under brink, president, First National Bank, has announced the purchase of property in the Crossroads shop ping center for future construction of a new facility there. The existing facility in Crossroads has become too limited in access and the new facility will allow for needed expan sion, he said. MUSCATINE: Loren Backhaus has joined Central State Bank as vice president and trust officer in charge of the trust department, it was announced by John B. Rigler, president. Mr. Backhaus most re cently was second vice president in the personal trust division at Northern Trust Company, Chicago. OSCEOLA: Two promotions at Osceola State Bank & Trust Co. have been announced by Don Wubbena, president. Paula Baker was promoted to assistant vice president and security officer, while Julia Whitehall was advanced to the post of assistant cashier and manager of the downtown branch office. SILVER CITY: The Mills County State Bank officially opened its new facility with a bar-b-que celebration recently. SIOUX CITY: Toy National Bank will sponsor a seminar for its corre spondents on Thursday, November 6, starting at 4:15 p.m ., according to Leslie H. Olson, president. Bank ers from Iowa, Nebraska, South Dakota and Minnesota are expect ed. Larry Retherford, automation consultant, will be featured. Con current sessions on NOW accounts, Fed pricing, marketing, computer applications and compliance will follow. A tour of the new data pro cessing center at 3rd and Jackson CALL ON THE “PERFORMANCE TEAM” where com m on transactions are handled uncom m only well. FIRST NATIONAL LI NCOLN https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 13th & M S tre e t • L in c o ln , N e b ra s k a 68501 • M e m b e r, F .D .I.C . M Carleton D. Beh Co. 4 Supplement to Northwestern Banker Newsletter 10-27-80 Investment Bankers/Financial Consultants 4 NEW ISSUE SALE DATE: October20,1980 MOODY’S: Aa $3,000,000 MANITOWOC, WISCONSIN General O bligation Corporate Purpose Bonds, Series 1980 Dated: November 1,1980 Denomination: $5,000 Both principal and semiannual interest (May 1 and November 1, first coupon due on November 1, 1981) payable at Continental Illin o is National Bank and Trust Company of Chicago, Chicago, Illinois. IN THE OPINION OF COUNSEL INTEREST ON THESE BONDS IS EXEMPT FROM ALL PRESENT FEDERAL INCOME TAXES. MATURITIES $100,000 200,000 200,000 400,000 7.70% November 7.80% November November 7.00% November 1,1983 6.25 $400,000 1,1984 1,1985 6.40 6.55 500.000 1, 1986 6.70 600.000 600,000 6.85% November 7.00% November 7.10% November 7.20% November 1, 1987 6.85 1,1988 7.00 1, 1989 7.10 1, 1990 7.20 LEGALITY TO BE APPROVED BY BORGE AND PITT, ATTORNEYS, CHICAGO, ILLINOIS Located on Lake Michigan, Manitowoc is situated on a natural harbor formed by an outlet of the Manitowoc River. Encompassing 13.9 square miles, Manitowoc is about 75 miles north of Milwaukee, and 35 miles southeast of Green Bay. The City is frequently referred to as the “Aluminum Manufacturing Center of the World” though a wide variety of other types of manufacturing production exists in the City. The major industrial employers located within the City and the number of employees are: Mirro Aluminum Co. (3,100); Th e Manitowoc Com pany (3,000); Aluminum Specialty Co. (700); Lakeside Packing Co. (561, Gould, Inc. (500); Lake-to-Lake Dairy (350); and Holiday House (318). The City has attracted m any industries due to its natural harbor and its access to major road, rail and water transportation avenues. Manitowoc is served by nine truck lines, two railroads, commercial and private airline services and three bus lines. These bonds are being issued in accordance with Wisconsin Statutes for the purpose of constructing and improving streets, constructing and improving sanitary sewers and storm sewers and acquiring necessary sites and constructing storm water disposal facilities thereon, and providing harbor improvements. In the opinion of counsel, these bonds are legal and binding general obligations of the City of Manitowoc, Wisconsin, and all taxable property located therein is subject to the levy of sufficient taxes to pay the principal of and interest on the bonds without limit as to rate or amount. FINANCIAL STATEMENT Equalized value taxable property, 1979 Assessed value taxable property, 1979 Net direct debt, including this issue Total direct and overlapping debt Population, 1979 estimate: 32,072 $607,335,300 293,305,815 14,778,613 18,294,913 Direct debt per capita: $460.79 Total debt per capita: 570.43 Tax collections have approximated 99.34% of taxes levied for the past five years. We own and offer subject to prior sale and change in price and subject to our 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 a particular maturity may or may not still be available or may now be available at a price or yield different from that indicated above. V https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Des M oines B uilding • Des M oines, Iowa 50309 • 515-288-2152 • (Iowa Wats) 1-800-532-1468 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Supplement to Northwestern Banker Newsletter 10-27-80 IOWA BANKERS ASSOCIATION DEVELOP NEW FORMS AND MANUAL “V The year of 1980 will long be remembered by Iowa Bankers. A com plete turn-around has been made in banking procedures in agriculture loans. Regulation Z in Truth-in-lending that became effec tive in 1969 and the Iowa Consumer Credit Code in 1974 were applic able to all agriculture transactions. Early in 1980 the economy was in a low status. Agriculture prices were down and interest rates con tinued to raise and loans were not being made and ju st not being asked for. Then without any advance warn ing, requirements for agriculture lending began to change. First, the Iow a Legislature rem oved agricultural-purpose loans from the requirement of the Iowa Consumer Credit Code. Second, in M ay the Board of Governors of the Federal Reserve ruled that individual institu tions could discontinue the require ments of Regulation Z of the Truthin-Lending A c t on A griculturalpurpose loans effective M ay 21, 1980 instead of the 1982 effective date as outlined in Regulation Z Simplication A ct. A ll of this was very tim ely for the Iowa Bankers Association had begun to work at developing new form s and a manual to give relief to lenders because of the com plexity o f doing business to com ply with the expanding regulations and legislation. It was just not possible for the average banker to know what to use in con sumer or non-consumer form s or what interest rates could be charged. The IB A has set up two com m ittees. The Forms Committee, consisting of seven of Iow a's leading bank Maynard Printing, inc. will “buy back” your old IBA forms if they become obsolete. Maynard Printing’s ZERO OBSOLESCENCE program takes all the guesswork out of ordering forms and all customers are auto matically part o f the program. Here’s the way is works: attorneys and a Users Committee which included five agriculture bankers from different areas of the state. These bankers were members of banking holding companies as well as independent banks. They were from sm all and medium size communities. These two committees and the printer’s early efforts and work came to naught as in February copy had been prepared and put in proof form from the laws that were effected. A ll form s had to be changed when the Consumer Credit requirements were lifted and again the third time when the Federal Reserve Board acted. It was decided early by the com m ittees that they would need a printer to prepare and supply forms for the Iowa banks. A survey was made by the IB A to determine the suppliers of the m ajority of forms for the Iowa banks. The top six were given an opportunity to dis cuss the possibility of being given the exclusive right to render this service, accepting conditions as outlined by the IB A in preparing form s in the first place, sending samples to the banks and partic ularly in not selling and destroying all forms the printer had in stock if and when changes had to be made making them unuseable and obsolete. M aynard Printing, Inc. of Des M oines was chosen. This firm has been supplying Iowa banks forms for over forty years. They have worked with and for two Form Com mittee attorneys who were legal council for several of the largest and groups o f banks in Iow a. M ayn ard has furnished ‘ ‘ d raft copies” of form s that were used in workshops, seminars and schools. Their representatives have attended these m eetings, taking part in dis cussions to learn first hand the needs of the banks. A ll without any direct compensation. This year there was only two weeks from the time the new agriculture loan form copy w as prepared and “ draft copies” were ready to be used in IB A workshops held across the state the first week in June. The new agriculture form s con sist of a Security Agreem ent that m ust be used only for Ag-loans. Four new notes have been developed that can be used for A g-loans, busi ness, corporations and organiza tions. They are 1) Standard Promis sory N ote, 2) Variable Promissory N ote, 3) M A S T E R Prom issory N ote and 4) M A S T E R (variable rate) Prom issory N ote. The IB A com m ittees have been working this last summer. They have developed 24 new form s and approved 8 Agriculture form s that were in the first sample kit in 1974 from M aynard Printing. Samples of all o f the new form s were mailed to all banks in Iowa in the middle o f September. Additional samples are available from M aynard Print ing for the asking. Samples of the IB A form s are also in the manual that gives and explains their use. It is in laym an’s language that is understandable. A ll of the form s and the manual are copyrighted and have the IB A sym bol that designates it was pre pared by and for the Iowa Bankers Association. MAYNARD PRINTING, INC. 801 PARK STREET DES MOINES, IOWA 50309 DATE Please send samples of the following forms: IBA □ , Direct Loan and Financing □ , Business and Organizations □ , Third Party □ , FNMA □ , Real Estate and Home Improvement □ , Uniform Commercial Code □ . NAME TITLE DEPT. 1 Order your forms from Maynard Printing in whatever quantities you need. 2 If any form you order should be re vised, and you find yourself with a supply of obsolete forms (Minimum of 200 or less not returnable) return them to Maynard Printing, Inc. 3 You will receive a Credit Memorandum valued at 50% o f the amount that you paid for the forms (based on the 500 quantity price not including imprinting). 4 This Credit Memorandum will be credited to your account and used against any https://fraser.stlouisfed.org future invoice(s). Federal Reserve Bank of St. Louis title. Signed by_ Please send me mailings too. Yes □ . dept.. No □ Complete name, address (for United Parcel and mail deliveries) P. O. Box, List of the very finest Consumer and Non-Consumer Forms for Banks, Finance Companies, Savings & Loan, and Business AGRICULTURAL IBA BANKING FORMS ■ PARTY FORMS (Consumer Credit) UNIFORM COMMERCIAL CODE (approved, developed and recommended by the Iowa Bankers Association) Comment Sheet Financial Statement (current Net Worth) |h h S IBA No. 3a Agri. Financial Statement J S IBA No. 4 Six Year Financial History j f p l l Quarterly Flow . IBA No. 5 Prior Year Profit & Loss -y 'IS lf IBA No 6 Project Profit & Loss Stmt "m m IBA No. 7 IBA No. 13 Agri. Loan Request | . ISA No. 14*2 Agri. Security Agreement IBA No. 14-3 Agri, Security Agreement IBA No. 27 Current Livestock & Feed Inv. NEWLY DEVELOPED IBA FORMS IBA No. 1 IBA No. 3 (Agriculture, Business, and Organlzatlon-*Non Consumer) IBA No. 2 Corporate Borrowing Resolution IBA No. 2a Partnership Bor. Resolution Written Authorization IBA No. 8 of Sale of Collateral %, Limited Guarantee Agreement IBA No. 9 IBA No. 10 Unlimited Guarantee Agreement IBA No. 11-2 Variable Promissory Note IBA No. 11-3 Variable Promissory Note IBA No. 12-2 Standard Promissory Note IBA No. 12-3 Standard Promissory Note IBA No. 15 Loan Extension Agreement IBA No. 16 Certificate of Deposit Assignment IBA No. 17 Savings Account Assignment IBA No. 18 Organization Resolution IBA No. 19 Proprietorship Agreement IBA No. 20 MASTER Note Advance Notification IBA No. 21 MASTER (variable ra te ). V- V' Promissory Note | '^ IBA No. 22 MASTER Standard Promissory Note : . * y IBA No. 23 Retail Sales Sec. Agreement IBA No. 24 Business Sec. Agreement J l | IBA No. 25 Collateral Pledge Agreement a J!\ IBA No. 26 Additional Sec. Agreement Schedule 4 -**>-“ . : IBA No. 28a Bank Subordinating Agreement IBA No. 28b Bank Request $ Subordination Agreement IBA No. 29 Promissory Note 4x814! Inches ¡8 Dealer, Door-to-Door, Home Improvements FORMS SA-MVd UCC-1 Short UCC-1 Long UCC-2 Financing Statement Financing Statement Financing Statement (76) UCC-3 UCC-4 UCC-11 Fixtures, Minerals, etc. County Filings on Real Estate Changes for UCC-1 ’s Changes for UCC-2 Request for Information Motor Vehicles, Mobile or Motor Homes, Equipment, Machinery EH Appliances, TV’s, Furniture, etc. DD Door-to-Door Sales Accounts Receivable Financing AR HI Note (Dealer) A Home Improvement Installment Note with or without recourse DIRECT LOANS OR FINANCING Consumer Credit Applications, Security Agreement with Disclosure and Note, Note for advancing additional funds or just note loans FR-Appl. For closed end, unsecured/secured credit (reproduced exactly as prescribed in Reg. B) New Brenton Application 1 (78) SGO (★ 1) Sect. Agmt. Precpd. or Sim. Interest T & L (1) Note Precomputed or Simple Interest SGO (2) Security Agreement etc. Simple Interest T & L (2) Note SOCS (★ 2) Simple Interest Insurance Premium Financing Security Agreement, etc. BUSINESS, CORPORATIONS, ORGANIZATIONS Non Consumer Credit FS Fin’I. Stmt. (Business) Individual Business Form FS Fin’I. Stmt. (Individual) Personal Form New No. 3 Six Year Comparative (Commercial or Personal) IBA No. 23 SGO (Special) T & L (Special) IBA No. 24 WHS IBA No. 11-2 IBA No. 11-3 IBA No. 12-2 IBA No. 12-3 IBA No. 20 IBA No. 21 IBA No. 22 Retail Sales Security Agreement Sect. Agmt. w/Note, attorney fees, etc. Note w/attomey fees Security Agreement for Business, Com mercial or Loan to Organization (No Note) Security Agreement etc. for Dealer inventory Financing-Wholesale Variable Promissory Note Variable Promissory Note Standard Promissory Note Standard Promissory Note MASTER Note Advance Notification MASTER (variable rate) Promissory Note MASTER Standard Promissory Note MISCELLANEOUS FORMS Dishonored Check Notice ICC No. 1 ICC No. 3 EX A SGO(E) Notice to Co-Signors Notice to Cure Default Loan Extension Agreement Extension for long list of Collateral CD Statement of Credit Denial, Termination or Change from FNMA-FHLMC-RESPA FORMS Maynard Printing, as far as known, is the only Iowa source for Federal Home Loan Mortgage Corporation, Federal National Mortgage Association and Real Estate Settlement Procedures A c t forms. They com ply with Iowa’s laws when necessary. FHLMC 65 Residential Loan Application FHLMC 65A (77) Supplement to Loan Application FHLMC 70 Residential Appraisal Report FNMA 1004(79) FHLMC 72 Appraisal Report FNMA 1025 Small Residential Income Property FNMA-FHLMC FNMA-FHLMC (75) FNMA-FHLMC (75) Uniform Instrument Note 1 to 4 family Uniform Instrument Mortgage 1 to 4 family Uniform Condominium Rider, 1 to 4 family FNMA-FHLMC Uniform Instrument Planned Unit (75) Development Rider, 1 to 4 family FHLMC 439 (78) Certification and Statement of FNMA 1004B Appraisers) affidavit plus detailed (78) property description with photographs FHLMC 452 (77) 1-4 family Seller/Servicer Prop. Insp. Rpt. FNMA 1005 Request for Verification (77) of Employment FNMA 1006 Request for Verification (75) of Deposit RESPA 300 Good Faith Estimates (79) of Settlement Charges Form 301 (79) Mortgagor’s Settlement Statement REAL ESTATE LOANS and HOME IMPROVEMENT FINANCING (Consumer Credit) FR-RE-Appi. BR 92 For Real Estate Mortgages Com’l. R. E. Application BR 94 Ref./2nd Mtg. BR 90 RE Mtg. F-17 Com'l. R. E. Appraisal Disclosure Statement for Refinancing or 2nd Mtg. Disclosure Statement for Purchase or Construction of a Dwelling R. E. Loan Control Sheet Residential Mtg. for loans or financing RE Note RE Note ICC No. 4 installment Payment Single Payment R. E. Mortgage (+ 12%) FP/CD ICC No. 5 EH R. E. Note (exceeds 12%) Dealer Financing Form for Home Siding, Roofing, Central Air, etc. See details under “Third Party Paper” SGO(1) HI Note Disclosure Statement. Home Improvement w/note. Precomputed or Simple Int. SGO(2) HI Note Disclosure Statement. Home Improvement w/note. Simple Interest MAYNARD PRINTING, INC. 801 PARK STREET DES MOINES, IOWA 50309 Attention: A l Maynard https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis HI Note HI Note (W 1) CC NL R of R (★ 2) Direct Loan Financing Dealer Financing Completion Certificate Notice of Lien Notice of Right of Rescission Partial Release for Real Estate Mortgage Release for Real Estate Mortgage UNIFORM COMMERCIAL CODE UCC-2 Financing Statement. Fixtures, Minerals, etc. County Filings on Real Estate MAYNARD PRINTING, INC. 801 Park Street • Des Moines, Iowa 50309 Phones (5151282-9164 Wats 800-532-1213 ! gJiBäHK Mr f 111 1 Jrfl *; %■ ' a? ¿I/ -ft ¡¡Sil 1 (77 •I :W TI ^ 3 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. Jim Hongslo Vice President 712/277-6625 JBBL WÊtÈËÈÊm SECURITY NATIONAL BANK rn 3HJUALUÏ, IUWA. MLMBLKr.U.l.L. will precede a dinner. WATERLOO: The National Bank has announced promotions of Allan Kniep and Norman E. Timson. Mr. Kniep was elected a trust officer and Mr. Timson was elected managing officer of the main bank’s drive-in facility on East Park Avenue. Minnesota News M ANKATO: James McFarland, formerly with Drovers of South St. Paul, has joined Security State Bank as executive vice president. MINNEAPOLIS: The board of directors of First Bank System, Inc. has elected Clarence G. Frame vice chairman and Darrell G. Knudson executive vice president and a di rector. Mr. Frame was previously president and chief executive officer of First Bank St. Paul. Mr. Knud son was senior vice president and group executive of First Bank Sys tem’s North Dakota and South Dakota group. In a simultaneous action, the board of First Bank St. Paul elected Charles E. Am er chairman of the board and chief executive officer and Andrew G. Sail president and deputy chief executive officer. Montana News HELENA: Bruce N. Boynton has joined the staff of First Bank Helena as an instalment loan officer, ac cording to Earl W. Johnson, pres ident. Call our Bond Department For up-to-the-minute, accurate information © 1980 S ecurity N ational B ank Nebraska News BELLEVUE: R. Joe Dennis, owner of Freeman Co., has purchased con trolling interest in the First Nation al Bank. ASK T E R R Y M A R T IN to make MNB work for you. BLAIR: The “ Changing World of N ABW ” will be the topic of Frances Schmeling, 1980-81 midwest re gional vice president of the national Association of Bank Women, when she addresses the Mid Plains group at Mr. C’s Steakhouse on Tuesday, October 28, at 6:15 p.m. Toll free 1- 800- 332-5991 LEIGH: Charles Mullenhoff was promoted to president of the Bank of Leigh at a recent board of di rectors meeting. Mr. Mullenhoff has been a member of the bank staff since 1973. M erchants ^ National Bank IS I M EAD: Sandy Reed, executive vice president of the Bank of Mead, was recently elected president of the Nebraska Credit Women Interna tional at the annual meeting in Grand Island. chairman of the board, and Robert T. Noel, president of First Wyoming Bank, downtown, announced the promotion of Eldon Stellpflug to the position of vice president and man ager of commençai loans. Also appointed vice president, commer cial loans, is Thomas F. Scranton. OG ALL A LA: The First National Bank will be holding an open house to celebrate the completion of its new bank complex Wednesday, October 29, at the Ogallala Elks Lodge. Wyoming News CHEYENNE: Barbara Atkinson has been appointed vice president and manager of instalment loans at First Wyoming Bank. C H E Y E N N E : R obert Reim an, Member F.D.I.C. LYMAN: Nick D. Lives, president and director of the First State Bank, has announced the election of Dee Birch as director of the bank. R IV E R T O N : I f a charter is approved, Riverton’s next national bank hopes to be called Bank of Wyoming, and has a option to pur chase land on the city’s High School Hill. Tom Steffens John Henderson Tony Paugoulatos V ice P re sid e n t 234-2462 V ic e P re sid e n t 234-2463 A sst.V ice P re sid e n t A sst.V ice P re sid e n t B on d O ffic e r 234-2647 234-2673 234-2674 Jim McLaughlin Rusty Reese Commerce Bank of Kansascity i0thandwai„„t https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A BANKS OF IOWA’ BANK Member FDIC / Dave Witteoborn B o n d R e p re se n ta tive 234-2691 (816) 2 3 4 -2 0 0 0 PARTIAL LIST OF AVAILABLE APPLICANTS BANKERS PARTICIPATING INVESTMENT— BA with very high GPA and experi ence as a full service broker. Wants a spot in invest ments. $12,000 I LeasePlarvlnc 545 - 31st Street LOAN OFFICER—Graduate of ag banking school with experience as teller/bookkeeper. Good person for trainee position. $10,500 Des Moines. Iowa 50312 R. L. “DICK” SELLON LENDING—Started as teller and has worked up to senior loan officer. Pays attention to detail and gets the job done. $14,500 SERVING PROFESSIONALLY 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 Banking, Financial & Business Personnel Iowa and Nationwide CAPITAL PERSONNEL SERVICE 714 Central National Bldg. 515-283-2545 Des Moines, Iowa 50309 W ANT ADS Portable Modular Bank Building Lease • Rent • Buy Rates 50 cents per word per insertion. Ád $2 for file numbers. Identity of file number advertisers cannot be revealed. Payment in advance, please. NORTHWESTERN BANKER 306-15th St. Oes Moines, Iowa 50309 Please call for details: General Bank Equipment & Systems, Inc. 13312 Giles Road Omaha, Nebaska68138 Phone: (402) 895-6200 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; 2Vi 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: Bank Division ROBERT HALF FOR SALE □ 12’x40’ mobile home converted tor 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) FOR SALE Burroughs TR-102 electronic teller machines. Upgrad able to on-line. $995. □ I would like to sell my majority bank stock. I would like to buy ma jority bank stock. Call (214) 757-7760 (FS) Insurance for Financial Institutions A u to m a te d S y s te m s o f Io w a , In c . 301 N . A n k e n y B lv d ., S u ite 2 2 0 A n k e n y , la 50021 5 1 5 -9 6 4 -1 3 5 8 Estate Appraisals Please Contact: J. Mason Henry UPDATE YOUR ALARMS P r o fe s s io n a lly in s ta lle d c lo s e d c ir c u it te le v is io n a n d 3 5 m m a u to c a m e ra s . P.O. Box 1313, Omaha, Nebraska68101 Phone: (402)553-6400 POSITION AVAILABLE 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) AUDIT DEPT.— Eight-bank holding company in Montana. Major bank, $250 million assets, needs ex perienced auditor. CPA desirable; salary - high teens. Banking or examination experience. Send resume to Thomas R. Cover at Security Bank N.A., P.O. Box 30918, Billings, MT59116. E.O.E._____________(PA) CEOs for $30 m illion and $8 m illion banks in Iowa. $32,000 + Commercial Loan Person, with minimum three years experience, for major Iowa bank. $23,000-$25,000 Operations Officer, with 3-5 years experience, for $40 Purchase of Collections m illion Minnesota bank. Second Person for community bank in Iowa. Must have all-around banking experience. $25,000 + Sale of Rare Coins Reliable and respected service for over 20 years Used by bankers throughout the midwest Write or call Malcolm Freeland, Freeland Financial Service, Inc., 306 - 15th Street, Des Moines, IA 50309. Phone (515) 244-8163. Employer pays fee. (PA) POSITION WANTED BANKERS AVAILABLE CEO with solid lending and administrative background................................... $48,000 CEO with ag lending background......................$35,000 Ben E. Marlenee Coins 913 Locust Des Moines, Iowa 50309 515-243-8064 ALL FEES COMPANY PAID Charles E. Walters Co., Inc. NCR 1550 electronic teller machines. $795 each. NCR 152-70 teller machines. Completely recondi tioned. Guaranteed. $495. of Iowa, Inc. 317 6th Ave. Des Moines, IA 50309 (515) 244-4414 Installment Loan Officer .....................................$22,000 Marketing Officer with newspaper back ground................................................................. $20,000 Personal Banking Off icer/N ew Accounts . . . $17,000 Write or call Malcolm Freeland, Freeland Financial Service, Inc., 306-15th Street, Des Moines, IA 50309. Phone (515) 244-8163. Employer pays fee.______ (PW) A u t o m a t i c t a p e d i a l e r s a n d p o lic e p a n e l c o n n e c tio n a re a v a ila b le to s u it your needs. SECURITY SYSTEMS, INC. J lA DA W 3920 Delaware Des Moines, IA 50316 [515] 265-1161 POSITIONS AVAILABLE ADMINISTRATIVE OFFICER—Senior management position available for 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 CONTROLLER— Full responsibility for all accounting functions, reports and investments in medium size lowabank. Prefer accounting orfinance degree. 25K AG LENDER— Rural southern Missouri bank affiliated with major holding company. Prefer ag degree and 3-5 years ag lending experience.....................................23K To inquire about a position please forward resume and salary history in confidence to: TOM HAGAN & ASSOCIATES OF KANSAS CITY P.O. Box 12346 / 2024 Swift North Kansas City, Missouri 64116 Phone (816) 474-6874_____________ Voi. 9 No. 27 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 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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