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• Vol. 14 No. 28 Des Moines, Iowa Senterfitt Sets Strong 1986 Course T DIDN’T take long for Donald T. Senterfitt to establish the direc tion he intends to move as president of the American Bankers Associa tion during 1985-86. In his accep tance speech, following his advance ment to the presidency at the ABA convention in New Orleans last week, Mr. Senterfitt stated firmly and with conviction, “ I have another task this morning. And that is to reaffirm to the people of the United States that service to our customers and our communities re mains the absolute top priority of our industry.” From that basic premise, Mr. Senterfitt outlined a positive, ag gressive proram for ABA that is designed to take the initiative in legislation rather than having to res pond to critics and opponents. Mr. Senterfitt is vice chairman of Sun Trust Banks, Inc., Orlando, Fla. In his term, Mr. Senterfitt will be accompanied by Mark W. Olson as president-elect. Mr. Olson is presi dent, Security State Bank, Fergus Falls, Minn., and has extensive ex perience in ABA work, most recent ly as chairman of the important Government Relations Committee. The new treasurer for a two-year term is Thomas P. Rideout, presi dent and CEO, Savannah Bank & Trust Co., Savannah, Ga. Mr. Senterfitt succeeds Jam es G. I https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Cairns as ABA president. Mr. Cairns will become chairman of the ABA nominating committee. He is president of the Peoples National Bank of Washington, Seattle. Citing the need for banking to provide a ‘‘continuity of service to custom ers,” Mr. Senterfitt said, in speaking of failure to date to get ad ditional powers to serve those custo mers, ‘‘Congress accepted the false premise voiced by our competitors that banks ought not be allowed to compete with them in insurance, real estate, and securities services—say ing banks couldn’t handle those powers equitably or safely. All the while, these same com petitors moved ever further into banking. The American people’s faith in their bank is strong. It underscores my special message to each member of Congress who accepts the glib no tion of our competitors that to modernize banking laws is to anta gonize the voters at home. ‘‘Ju st the opposite is true...The legislatures who vote ‘Yes’ to make the security of banks available to the voters will be able to say directly to their constituents: ‘I have created more choice, more safety, more ser vice, more competition, at a lower price to you...and I have assured that your money will be safe at the bank.’ ” Mr. Senterfitt then stated, “But October 28,1985 to make this happen, there must be action, not just discussion. That is why, today, I am calling upon the Congress and federal regulators to break the logjam on the key issues that must be resolved.” To accomplish this, he proposed that the Senate majority leader and Speaker of the House urge banking committee leaders in both houses to meet with federal regulators of de pository institutions “and to task a working group of their experts to begin meeting regularly once each month with representatives of the regulated industries and representa tives of the public. This working group should be charged by their principals to assess legislative or re gulatory changes proposed by any participant, hammer out areas of agreement, and take back to their principals proposals on which sub s ta n tia l ag reem en t m ay be reached.” He said this would pro vide a “substantively real (opportu nity) to do something, not just talk.” He called for the definition of “bank and deposit,” stating “there must be no loopholes.” He called for responsible reform of the deposit system, putting large investors on warning that they must analyze and accept any risk in placing deposits over the insured lim it...“we have got to resolve against any merger of the FDIC and FSLIC funds that would result in commercial banks paying 2 The Southeast Iowa Group of Na tional Association of Bank Women will hold its quarterly meeting in DeWitt on November 21 at 1:00 p.m. Program for the evening will consist of a panel composed of Bruce Meriwether, Oliver Hansen, Ed Tubbs and Henry Royer. Topic of the panel discussion is: “ Interstate Banking, Advantages, Disadvan tages” and what it will be like na tionwide. the bill for trying to save a risk laden institution that is simply beyond the point of no return.” He also called on the banking industry to ‘‘succeed in writing an industry code on funds availability and other consumer issues as well.” He closed by asking bankers to “Follow your instincts about the American Bankers Association. Our instincts tell us that we are far bet ter off because we have joined together to make things happen. Our instincts tell us...to provide top rated, secure service—full service— to every customer who walks in the door. That is the bargain we strike with our fellow citizens when we start down the path of this, our banking profession.' ’ □ ASK D EN N IS EAR HAR T Nebraska News L. William Seidman The Nebraska Bankers Associa Confirmed as FDIC Chairman tion will be conducting its 1985 L. W illiam Seidman has been con firmed and installed as new chair man of the FDIC. As senior partner in the accounting firm that bears his name in Phoenix, Arizona, as well as in his home state of Michigan, Mr. Seidman has had extensive experi ence with commercial banking. Iowa News The Iowa Independent Bankers are sponsoring a commercial and agricultural law update seminar to be held in November at three loca tions. The seminar is entitled “How to Protect Your A ssets” and is de signed for CEOs, bank lending per sonnel and bank legal counsel. The program will cover all aspects of Chapter 11, asset preservation, recent liability and commercial code cases, and update on Iowa mortgage foreclosure and ag lien laws. It will be conducted by Richard A. Miller, a practicing lawyer in Des Moines for the firm of Brown, Winick, Graves, Donnelly and Baskerville. Seminar dates are: Nov. 14 at Sheraton Inn, Cedar Rapids; Nov. 19 at Carrollton Center, Carroll, and Nov. 21 at Hotel Savery, Des Moines. Registration fee is $45 for the first registrant and $30 for each additional person. For more infor mation or to register, contact IIB , 1000 Carriers Bldg., 601 Locust, Des Moines, IA 50309. to make MNB work for you. Toll free 1-800-332-5991 Merchants A National Bank 151 Member F D I C A BANKS OF IOWA BANK https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Bank Management Conference on November 20-21 at the Holiday Inn, Kearney. “Banking Issues NOW!” is the theme for this CEO, president and senior management conference. Speakers on the agenda include: Roy Otte, senior vice president, in vestment division, and Mike Jacob son, senior vice president, corres pondent division, both with Na tional Bank of Commerce, Lincoln; John Nugent, with the Norwest consulting service in Minneapolis; C.G. “Kelly” Holthus, president, First National Bank, York; Alan Fosler, assistant vice president and cashier, Union Bank & Trust Co., Lincoln, and Jim Howe, president, First National Bank, David City. Advance registration can be made by contacting the NBA offices in Lincoln. OMAHA: Felicia C. Gibson, an as sistant officer at Omaha National Bank, has been elected president of the Nebraska National Association of Bank Women. As state president, Ms. Gibson will coordinate the acti vities of the nine local NABW groups in Nebraska. She previously served as president of the Omaha Mid Plains Chapter, as state con ference chairman and as state public affairs chairman. YORK: On October 15, the previous ly announced merger of the First •Personal • Prompt •Professional H. P ETER DEROSIER Vice President Count On Our Correspondent Bankers MARK CH R ISTEN Vice President Valley National Bank DES MOINES, IOWA 50304 Member FDIC A BANKS O F IOWA BANK Call toll free (800) 622-7262 DESIG NED EXCLUSIVELY FOR T H E B A N K IN G INDU STR Y 50 PROFESSIONAL CAR TO O N S IL LU S TR A TE D In an Ad Package P VOOR FULL SERVICE BANK YOOR FULL SERVICE roduct « * O FFE^y BANK YOOR FULL SERVICE BANK H O W D O ES YOUR FU TU R E LOOK ? 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Supplement to Northwestern Banker Newsletter 10-28-85 0 Professionally drawn cartoons with your business in mind. IT CAN LOOK BRIGHTER WITH SOUND FINANCIAL PLANNING-. 100% Bank Oriented! Advertising Program YOUR BANK NAME HERE Current Sales Information For Your Customer. YOUR BANK NAME HERE VOU PUT IN YOUR OWN BUSINESS LOGO IN THE STRIP ASK US ABOUT INTEREST ON CHECKING M em ber F D IC BANK CARTOON STRIP A D PR O G R A M USE C A R TO O N STRIPS IN N EW SP AP ER ADS, N E W S L E TT E R S A N D T R A D E M A G A Z IN E S . 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D ate______________________ _ # ONLY Allow 3 weeks for delivery. S Call on the “Experienced Professionals” Ready to meet yourg correspondent needs. I , National Bank of York, Farm ers & Traders Bank of Waco, Blue River Bank of McCool Junction and The First National Bank of Bradshaw became a reality, creating The First National Bank of York with assets of approximately $115 million. The Waco, McCool Junction and Brad shaw banks became full service branches. Robert V. Jones, chair man, and C.G. “Kelly” Holthus, president of the merged banks, stated there will be no change in per sonnel at the branches and that the following people have been elected vice president and branch manger of their respected branches: Thomas G. Damkroger in Bradshaw; K.D. Patitz in McCool Junction, and M.L. “Spike” Sjolander in Waco. ^ First N ational Lincoln A FirsTier Bank Member. F.D .I.C . 13th & M Streets, Lincoln, NE 68501 of the failed bank bring Citizens State assets to $22,200,000. Branch manager at Magnolia will be Rich ard Miller, who has transferred from the staff of the nearby First State Bank of Lake Wilson, also a part of Silver Lake Bancorporation. ST. PA U L: American National Bank has announced that Richard E . Pringle, vice president - bond, and Lynn Lyndsay, assistant vice presi dent - international, have joined the bank. Illinois News nounced was the appointment of Donna M. Short as president and chief executive officer of the First National Bank of Chugwater. Prior to joining the bank she was assis tant vice president of commercial loans at First Wyoming Bank Wheatland. G REEN RIV ER: An agreement has been reached whereby First Wyom ing Bank, N.A.-Green River will pur chase and assume the banking oper ations of First National Bank of Green River. Consummation of the sale is subject to regulatory appro val. CHICAGO: First Colonial BankSARATOGA: First Wyoming Banshares Corporation has announced corporation has purchased the $18 an agreement in principle to pur million Saratoga State Bank from chase all assets of The Colonial the FDIC. Saratoga State Bank was Group, Inc., including the All Amer closed October 11 by Stanley R. Minnesota News ican Bank of Chicago and Northwest Hunt, Wyoming State Examiner, The Minneapolis Chapter of Commerce Bank of Rosem ont. and the FDIC was named receiver. American Institute of Banking will Terms of the purchase were not dis It was reopened October 15 as First * be sponsoring the following semi closed. Wyoming Bank - Saratoga, a new nars in November. Each will be held D EKA LB: Dewey R. Yaeger has state member bank. David Shadrick at the A IB Education Center in been elected president and chief ex has been appointed president and Minneapolis: ecutive officer of The DeKalb Bank. CEO and Robert W. Pappenheim Nov. 6—A IB Project Manage Mr. Yaeger, previously executive will serve as chairman of the new ment Seminar; Nov. 13—A IB A t vice president, is a veteran of over bank. Mr. Shadrick previously held tachm ents, Judgm ents, Garnish 23 years in banking. He joined The positions at First Wyoming Bank, ments and Levies Seminar, and Nov. DeKalb Bank in July after a long N.A.-Rawlins since 1972. Mr. Pap 13—d-Base III Seminar. career with Marine Bank of Spring- penheim, in addition to his new posi EDINA: Bruce Gehrke has been field, where he was in charge of com tion, will continue to serve as presi dent and CEO of the Rawlins bank. named assistant vice president in mercial lending. the commercial division of First Bank Southdale. He previously Colorado News served as vice president of commer Wyoming News LONGMONT: Larry H. Stevens has cial and agricultural lending at First CH U G W A TER: F irst N ational been elected president of Colorado Bank Northfield. Bank of Chugwater has entered into National Bank - Longmont. He joins KANARANZI: The Farm ers State an agreement whereby it will sell its the bank from Colorado National Bank, with an office at Magnolia, assets and banking operations to Bank - Boulder where he served as was closed Friday, October 18 at 3 First Wyoming Bank - Wheatland. senior vice president in loan admin p.m. by the state banking depart The sale is subject to approval of istration. John Meyer, retiring presi ment. The FDIC, as receiver, an regulatory authorities. Also an- dent, has been elected chairman. nounced that the winning bidder to take over the failed bank was Silver Lake Bancorporation, Inc., whose main bank is Citizens State Bank of Silver Lake, located 60 miles west of At Security National Bank, w e’re people you can Minneapolis. Charles E . Greentree, count on to handle all of your Correspondent president and CEO of Citizens Banking needs. State, said the Kanaranzi office will So, start corresponding with us. be closed within 30 days and the R ® lf W e’re Security for you! Magnolia office has become a branch Wilma Weeks of the Citizens State Bank. Mag Correspondent Services SECURITY N ATION AL RANK nolia is in the southwest tip of Min Officer IN SIOUX CITY, IOWA. MEMBER F.D .I.C. nesota, about 15 miles north of the 712- 277-6769 border. The $3.7 million assets DigitizedIowa for FRASER We’re Security for You https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Bankers Available FARM APPRAISALS!! CEO , college grad, strong ag background, 15 years experi ence, prefer community bank. FIRST IN TER S TA TE Farm Appraisals are made by trained and experienced appraisers. Our ap praisal reports provide you with the reasoning and data that Is used in making the appraisal judg ment. EVP, strong operations and lending background, 12 years experience In $50 million bank, qualified for CEO. CASHIER, college grad, top grades, trained with major midwest holding company, 8 years solid experience. Call FIR ST IN TER S TA TE today for appraisal and farm management services throughout Iowa! COM M ERCIAL LOAN OFFICER , 20 years experience with $190 million bank, good lending record, prefer midwest area. Farm Management and Land Services Division First Interstate Bank of Dee Moines, N A Sixth and Locust Streets Dee Moines, Iowa 50309 (515) 245-7009 Iowa W A TTS (800) 382-1615 COM M ERCIAL LOAN O FFICER, examiner background with commercial work out loan experience, qualified to head loan division $100-$200 million bank. AG LOAN OFFICER , graduate of University of Illinois, ag finance, 3 years experience with Federal Land Bank, prefer Illinois location. AG LOAN OFFICER , college graduate, experienced In agri business and bank lending, qualified to run large ag lend ing dept., 10 years solid experience. POSITIONS AVAILABLE SENIOR COM M ERCIAL LOAN O FFICER to head up Com mercial Loan Dept. Excellent career opportunity. Contact Larry Qelslnger, Senior Vice Pres., Hawkeye Bank & Trust, Spencer, IA (712) 262-1940.__________________________ (PA) JUNIOR AO LOAN position open In a $45 million dollar bank In East central Iowa county seat town. A clean bankl Prefer two to three year ag loan experience. Send resume and salary requirements to File No. WDU, d o Northwestern Banker.________________________________________ (PA) SR. A G LENDER, college grad, 20 years experience with good loan record, prefer to locate In town of 25,000+. W A N TED — Good used or rebuilt mlcrofllmer. Please call (712)779-2234.____________________________________ (WTB) NCR 7750-2501 or 7760-6000— Contact Will Schlppers, First Iowa State Bank, Albla (515) 932-2144._________(WTB) POSITIONS AVAILABLE CE O - For a SW Iowa bank of close to $50 million. Need heavy experience as a C E O In an ag related bank. $50-75K. REGIONAL A SS IS TA N T VICE PRESIDENT-CONTROLLER Immediate requirement. Right Individual must have three to four years financial experience. Strong accounting em phasis Including asset/llablllty skills, financial analytical skills and proflt/strategic planning abilities. Send resume and salary requirements In confidence to Personnel Dlrector, Drawer 1548, Minot, ND 58702-1548.______________ (PA) BANK INTERNAL AUDITOR - Need 3 or more years as a bank Internal auditor or as a CPA auditing banks. Omaha. To $30K. BANKING OPPORTUNITIES VP A CASHIER, college degree, 12 years experience, quali fied to be EVP or CEO, prefer northern Minnesota location. VICE PRESIDENT-LENDING, Iowa State grad., 4 years banking experience, prefer central Iowa location. EVP COM M ERCIAL LENDING, college graduate, 20 years banking experience, prefer eastern Iowa, western III. OPERATIONS O FFICER TR AIN EE position available In $45 million dollar bank In East central Iowa county seat town. Prefer banking background-wlth heavy emphasis on accounting. Potentially head operations department. Please send resume and salary requirements to File WDV, d o Northwestern Banker.___________________________ (PA) IN STA LLM EN T LOAN O FFICER — Position available In Consumer Loan Department of $16MM. Individual must have 3 + years experience In lending and with a heavy em phasis on collections. Excellent advancement potential. Send resume and salary history to John M. Euard, E.V.P., TH E S TA TE BANK O F W OODSTOCK, P.O. Box 729, Woodstock, IL 60098. (PA) TR U S T IN VESTM EN T OFFICER , college degree & MBA, 12 years experience, good banking background. AG LENDER - For a central Iowa bank. 5 years or more experience. To $30K. Please call Malcolm Freeland or Cy Kirk in care of: Freeland Financial Service 1010 Equitable Bldg. Des Moines, IA 50309 615/282-8462 Employer pays fee.__________________ FOR SALE All fees are paid by our client employers. Richard L Seem, CPC QUM BERT EXECUTIVE EXCHANGE, INC. 11248 Davenport Street Omaha, N E 88154 Phone: 402(330-3260 Member National Personnel Associates We’re Nationwide BANK FOR SALE— Located In attractive Iowa county seat community. Reply to File W DT, d o Northwestern Banker. ______________ (FS) USED EQUIPM ENT FOR SALE. LeFebure Vault Door, Safe Deposit Boxes, Diebold Kiask, Diebold Night Depository Chest. If Interested call Richard Moore at (402) 371-8005. ___________________________________________________J F S ) 1977 NCR MODEL 775 PROOF M ACHINE. Contact Roger Engelkes, (319) 824-5431.____________________________ (FS) DIEBOLD 910 WALKUP ATM A a 9810 Controller 5 years old. 100,000 Transactions. Call Sharen (515) 752-4591. (FS) TR U 8 T O FFICER — 2 yrs Employee Benefits, large organization. $25K. AG LENDER— western NE, 2 + yrs experience. Serving bankers quietly and efficiently. COM M ERCIAL LENDER8— openings In MN, IL, IA. $30-55K. Contact Barbara J. Ritta at PROFESSIONAL RECRUITERS, INC. P.O. Box 24227 Omaha, NE 68124 1-800-225-2885, In N E (402) 397-2886 BANKERS AVAILABLE COM ’L LENDER - Large bank training and two yrs exp handling credits in major metro market. Hands-on knowl edge of cashflows, ratio analysis and statement spreading for the last 2 yrs. $20K+. PRESIDENT - A 'can do’ leader. Successful executive with 9 yrs In #1 spot of an ag bank seeks continued leadership role. Maintained high ROA and strong capital base In $20m-f banks. $45K. EVP •12+ yrs ag lending and mgmt In med-sized commu nity banks. Currently a VP In a $40m + Institution making field calls, handling farm mgmts, clean-up and business development. Seeks challenge and oppty to prove himself. $35K. PARTIAL LIST O F AVAILABLE BANKERS FOR FURTHER INFORM ATION CO N TA C T: KURT ROSENCRANTS A T (515) 244-4414 MM> RO BERT MfBLF ( H M> (§ ► ® 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 ALL FEES COMPANY PAID CAPITAL PERSONNEL SERVICE 714 First Interstate Bank Building Des Moines, Iowa 50309 515-283-2545 POSITIONS AVAILABLE AGRI-LOAN •senior lender for $40MM Ag Bank. Work out loan experience desired. $38K COM M ERCIAL LOAN - middle management position with $100MM + suburban bank. Need two-four yrs. experience. $28K SECOND O FFICER - Ag-orlented bank with large cattle loan portfolio. Previous administration experience a plus. $40K COMMERCIAL/INSTAL. LOAN • community bank with large retail base. Time will be split evenly between com mercial and instal. credits. $25K CREDIT O FFICER • develop and oversee credit dept, for growing suburban bank. Good advancement possibilities. $20K ALL INQUIRIES C O N FID E N TIA L PLEASE FORWARD RESUME. TOM HAGAN & ASSOCIATES 2024 Swift - Box 12346 North Kansas City, MO 64116 816/474-6874 “Serving the Banking Industry Since 1970” Vol. 14 No. 28 Northwestern Banker Newsletter (USPS 873-300) Is published weekly by the Northwestern Banker Company, 1535 Linden Street, Suite 201, Des Moines, Iowa 50309, (515) 244-8163. Subacrlptlons $1.00 per copy, $18.00 per year. Second claes postage paid at Dea Moines, Iowa. Address all mall subscriptions, changes of address (Form 3579), manuscripts, mall Itema to above address. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
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