The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
A B A A g Bankers To Meet Nov. 11-14 ESOURCES available to bank ers to handle the current turbu len t fin a n cia l c o n d it io n s o f their farm custo mers will be a m uch-discussed topic for agricul tural bankers at tending the 1984 National A g ri cultural Bankers C on feren ce in A.R. TUBBS K a n sa s C it y , Mo., November 11-14, sponsored by the American Bankers Association. “ The greatest concern today is for economic stability and time to meth odically restructure debts and assets so that farmers can once again operate at a profit,” explained Alan R. Tubbs, conference chairman and president of First Central State Bank, DeWitt, Iowa. “ Resources exist to handle the sit uation,” Mr. Tubbs asserted, “ if borrowers, lenders and regulators work together in partnership. A c ceptable solutions can be found that will assure future success.” New and helpful opportunities and solutions for bankers to work with their farm customers will be ex p lored du rin g the con feren ce through a series of concurrent ses sions, roundtable discussions and general sessions, each focusing on aspects of banking, the economy R and strategic aspects of financing agriculture. An exhibit area will of fer insight into the newest develop ments in technical systems, micro computers and software with agri banking applications. The conference program will open Sunday, November 11 , with a musi cal fellowship gathering featuring nationally-known entertainer Pat Boone. The exhibit area will be open throughout the day, offering bank ers an opportunity to meet with in dustry consultants to discuss their latest service innovations. Richard L. Berkley, the mayor of Kansas City, will welcome the bank ers on Monday morning followed by a presentation by A B A President James G. Cairns, Jr., president of Peoples National Bank, Seattle, Wash., who will offer a perspective on the current and changing bank ing environment and set the tone for the two-and-one half days of diverse events as follows: • A panel o f editors from a fore most new magazine, U.S. News and World Report, will provide a per spective on general U.S. and world economics, the outlook for invest ments, business and politics, and will answer questions relating to these subjects. • A current issues forum will seek to obtain an agricultural constituen cy consensus on provisions of the 1985 Farm Bill. Representatives of the A B A Agricultural Bankers E x ecutive Committee will lead round table discussions that will offer every banker opportunity to articu late individual concerns relating to the drafting of that bill. • A roundtable discussion ses sion, new to this conference pro gram, will offer an in-depth discus sion of many “ hot” agri-banking issues. Topics such as loan agree ments, the future of agricultural banks, using Fm H A’s guaranteed loan programs, attracting good ag customers, lease financing, measur ing productivity, correspondent bank relationships, long term real estate financing and auction sales are all suggested topics to be raised by industry experts and banking peers. • A futuristic look at America’s agricultural industry and what lies ahead in the areas of feed grains, dairy, inputs, cattle, and hogs will be explored in an agricultural com modities outlook session. Orion Samuelson, renowned agricultural newscaster and agricultural service director, W GN Radio, Chicago, will moderate this discussion with panel ists John Marten, staff economist, Farm Journal Magazine; Harold Heinold, chairman of the Board, Heinold Companies, and Topper Thorpe, Cattle Fax. • A series o f 20 concurrent topical sessions, repeated throughout the program, offer a punctuation of edu cational discussion forums. Each Call on the “Experienced Professionals” Ready to meet your correspondent needs. FIRST NATIONAL LINCOLN 13th & M Streets, Lincoln, Nebraska 68501 A Firslier Company https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Member, F.D.I.C. 2 and cdhiocLatzi. Professional ... Responsive... Bank Consultants Specializing in Bank Acquisitions 515-232-0814 P.O. Box 450 405 Main Ames, Iowa 50010 D o n a l d E . H o l d e r , Principal Call Mark Christen for any correspondent service. Call toll free (800) 622-7262 Valley National B an k iSi DES MOINES, IOWA 50304 A BANKS OF IOWA BANK Member FDIC session, repeated so that attendees can attend as many as six, will pro vide a unique opportunity for bank ers to discuss areas o f concern with their peers and industry experts. • More than 50 speakers will par ticipate in this, the nation’s largest ag banking conference sponsored by the A B A . Included in the roster of speakers are: Fred Pryor, who will provide a special motivational ad dress; Marlin Jackson, Commis sioner, Arkansas State Bank De partment; Michael Boehlje, profes sor of economics, Iowa State Univer sity; Freddie Barnard, agricultural economist, Purdue University; Peter Barry, professor of agricultural fi nance, University of Illinois, and Myron Wirth, agricultural econo- mist and professor, Washington State University. Still others include Walter Minger, vice chairman of the board, M ASI; Kate Hathaway, Commodity Futures Trading Commission; Dr. William Herr, head, department of agri-business economics, Southern Illinois University, and Wayne Sharp, assistant administrator, for eign agricultural affairs, USD A. • In addition, many o f the nation’s bankers who are recognized spokespersons and trend-setters for banking will be on the program shar ing their observations and concerns. “ This conference is the nation’s leading opportunity for agricultural bankers to look toward the future and take account of the past,” Mr. Tubbs suggested. “ With the drama tic changes taking place in banking and agriculture, being tied to past experiences is a sure way toward ob solescence. The conference will look ahead to future successes.” □ Willis Alexander Resigns From ABA ASK JERRY TRUDO to make MNB work for you. Toll free 1- 800- 332-5991 Merchants A National Bank 151 Member F.D.I.C. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A BANKS OF IOWA' BANK year. Harry Mitiguy, president of Howard Bank, Burlington, Vt., con tinues in the second year of his two year term as A B A treasurer and C. Robert Brenton, president of Brenton Banks, Inc., Des Moines, la., will serve as chairman o f the A B A Governing Council for the coming year. Iowa News BRITT: Controlling interest of the First State Bank has been pur chased by Peoples Bankshares, Ltd., Waterloo, effective September 27, according to R.K. Sverdahl, president of Peoples Bankshares. First State Bank President Gary Northrup stated that no additional changes in officers or staff are plan ned. First State Bank has total assets of $36,691,000. m £ £ CORRECTIONVILLE: Clair Hat field, executive vice president of Corn Belt State Bank, will retire at the end o f 1984 following a banking career that spanned 39 years. Dur ing that 39-year career, Mr. Hatfield has held virtually every position at the bank, including his present post. He will continue as a director. DES MOINES: Thomas P. Killeen has been promoted to vice president at the Des Moines Office of the Fed eral Reserve Bank of Chicago. In his new position, he will continue to oversee operations and has assumed responsibility for sales in the Iowa territory. Mr. Killeen joined the staff of the Federal Reserve Bank of Chicago in 1961. In 1972, he was named assistant vice president and moved to Iowa to assist in the estab lishment of the Des Moines Office. He assumed overall responsibility for check and electronic payment operations at the office in 1978. American Bankers Association Executive Vice President Willis W. Alexander will retire effective Janu ary 31, 1985. The announcement was made during the recent A B A Convention by newly elected A B A President James Cairns. While president o f Trenton Trust Company, Trenton, Mo., Mr. Alex ander served as president of the Mis souri Bankers Association from 1959-60 and then as president of the Nebraska News A B A from 1968-69. He joined the A B A as executive vice president in CLAY CENTER: Services were held 1969. Mr. Alexander has not an last month for Frank B. Tice, presi nounced his future plans, however, dent of The Commercial State Bank, he will remain chairman of Trenton who died unexpectedly at the age of Trust Company. A search commit 76. He had been taken to Fillmore tee is being formed to select his re County Hospital in Geneva earlier in placement. the week for tests and observation. In other convention activity, Don He and his wife, Clarice, have been Senterfitt, vice chairman, Sun in the banking business for more Banks of Florida, Inc., was elected than 45 years. Starting in 1938 they as president-elect for the 1984-85 operated the Shickley State Bank. 0 # # ® m ^ ^ w Supplement to Northwestern Banker Newsletter 10-29-84 Attention - All Iowa and Nebraska Bankers IOWA - NEBRASKA BANKERS IRA - QUALIFIED PLANS by COLLIN FRITZ & ASSOCIATES Cullili W. Fritz IRA AGENDA Q U ALIFIED PLA N AGENDA (Essentials) The IRA seminar’s purpose is to furnish a compre hensive explanation of IRA rules, regulations, admin istrative requirements & procedures & marketing is sues. The seminar is directed towards financial insti tution pesonnel who work with IRAs. The changes mandated by the Tax Reform Act of 1984 (TRA-84) & the Retirement Equity Act of 1984 (REA-84) will be thoroughly discussed and illustrated. These topics will be covered in detail; 1. Plan documents & disclosure 2. Administration services 3. Tax changes 4. SEPs 5. New distribution rules (Formerly HR-10 KEOGH) The purpose of the qualified plan seminar is to pro vide the BASICS of qualified plans in an easy to un derstand manner. After this seminar an individual should have the information needed to advise wheth er and in what manner a financial institution should seek pension deposits by offering pension services. HELP! Business customers are and will be looking for someone to help them with their pension needs. Every pension plan in the United States must be up dated to comply with these major law changes: (1) The Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA): (2) The tax Reform Act of 1984; and (3) The Retirement Equity Act of 1984. All three laws make significant changes, in qualified plans. Fees: Dates and Locations: November November November November November November 5, 7, 19, 20, 27, 29, 1984 1984 1984 1984 1984 1984 $85 for first registrant $75 for each additional registrant Holiday Inn 72nd St. Harbor House Holiday Inn I-80 Holiday Inn Savery Hotel Highlander Omaha, NE Storm Lake, IA North Platte, NE Grand Island, NE Des Moines, IA Iowa City, IA Seminar Schedule: Registration - 8:15 Seminar Begins - 9:00 Morning Break - 10:30-10:45 Lunch - 12:00-1:15 Conclusion - 4:00 REGISTRATION FORM Site___________________________________________________________ Name of Bank____________________________________ ;_____________ City _____________________ State ____________ Zip _______ Phone _______________________________ !_______________________ NAME AMOUNT ______________________________________________________________________________ $ _____________ ______________________________________________________________________________ $ _____________ ______________________________________________________________________________ $_____________ ______________________________________________________________________________ $_____________ Total Enclosed $ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis M AIL T0: Collin W. Fritz & Associates 3211 Wakonda Court Des Moines, IA 50321 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Then in 1951, they moved to Clay Center where he owned and operated The Commercial State Bank. 0 0 LYONS: Robert Kiester, president of First National Bank of Lyons, has been promoted to vice chairman. Succeeding him as president is Doug Friedli, who has been with First Na tional since 1974. Mr. Kiester, who suffered a heart attack and subse quently had open heart surgery a year ago, will concentrate on specific projects for the bank. Minnesota News ^ a 0 0 0 0 M I N N E A P O L IS : C. B ern ard Jacobs, president and CEO of Na tional City Bancorporation and chairman o f National City Bank of Minneapolis will retire from both of fices December 31, but will continue on the board of both companies. Mr. Jacobs was the first CEO of Na tional City Bank from its inception in 1964 until 1982 when he was named president and CEO o f the Bancorporation. Lowell W. An dreas, chairman o f National City Bancorporation, will assume the ad ditional duties as president and CEO. James H. Hearon, III, president and chief executive officer of National City Bank, will also become senior vice president and chief administrative officer of the Bancorporation. The post of chairman of the bank has not yet been filled. M INNEAPOLIS: William E. Lavin, Jr. has been named vice president in the personal trust services depart ment by First Bank Minneapolis. He has been with the bank since 1976 and was named an assistant vice president in 1980. Illinois News • W CHICAGO: William A. Bonifield has been promoted to vice president and will oversee all check operations at the Chicago Federal Reserve Bank. He began his career at the Chicago Fed in 1960 while still at tending high school, and most re cently served in the bank’s electronic payments and fiscal agency opera tions. C H IC A G O : M id-C ity N ational 3 An important new profit center for your bank: Contact: Leroy Bell or ■ a co m p u terized local b illin ^ cred it service Milt Hennlck 319 291-5412 - N a tio n a l B a n k o f W a te rlo o 315 East 5th St. • W aterloo, IA 50704 Bank recently announced the elec tion of William M. Ogle as vice presi dent and facility manager at One East Wacker Drive. He joined MidCity in 1983 as assistant vice presi dent for new business development. Also elected at the Wacker Drive lo cation were Irene K. Wojtczak, as sistant vice president and assistant facility manager, and Jo Ann M c Cauley, loan officer. CHICAGO: William J. Buckley has joined Amalgamated Trust & Sav ings Bank as vice president, opera tions, announced Eugene P. Heytow, chairman. Mr. Buckley joins Amalgamated from Continental Bank, where he has served in the op erations area since 1970. Member Federal Reserve System FDIC porate banking, at the Skokie Trust & Savings Bank. Mr. Duncan pre viously was at First Illinois Bank of Evanston, where he was vice presi dent, commercial loans. North Dakota News JA M E S T O W N : N orw est Bank Jamestown, N.A. has announced that Paul H. Olson has been pro moted to vice president and man ager, agri-business loans. Mr. Olson has been associated with Norwest Corporation since 1982. South Dakota News RAPID CITY: First Bank of South Dakota has promoted Thomas Rau to vice president at First Bank DE K A LB : Midwest Financial Rapid City. Mr. Rau joined the Group, Inc., Peoria, has completed Rapid City bank in 1977 in the in the acquisition of The DeKalb Ban stalment lending area at the North corp., Inc., a one-bank holding com east Office. M ost recently he served pany which owned the DeKalb as manager of the timepay depart Bank. Midwest Financial paid $50 a ment downtown. share for all 120,292 shares o f The Wisconsin News DeKalb Bancorp. Midwest Financial Group now owns 19 banks and has KINGSTON: Stan Sielaff has been assets totaling over $2 billion. appointed vice president of Kingston-Dalton State Bank. Mr. Sielaff SKOKIE: Phillip K. Duncan has has past banking experience in been appointed vice president, cor banks in Freedom and Green Bay. Fly to the I BAA Convention in San Antonio and then... it’s off to Rio! 1985 F & M Marquette National Bank IBAA Convention and Brazilian Tour March 6 • March 18 Special Feature—International Banking Seminar in Rio Tour includes: Roundtrip air transportation from Mpls./St. Paul to San Antonio to Brazil • 3 Nights in Rio de Janeiro • 4 Nights at Hotel De Frades in Angra dos Reis. Serving bankers quietly and efficiently. Aren’t you ready for Rio? CAPITAL PERSONNEL SERVICE Arrangements are open to your directors, friends and relatives. For more information or for reservations call: 714 U.C.B. Building, 515-283-2545 Des Moines, Iowa 50309 F & M Marquette National Bank https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Richard E. Holmes ______________________ (612) 341-6572 ASSISTANT VICE PRESIDENT LOAN DEPARTMENT Ag Banking Specialists Excellent career opportunity. Requires Bachelor's Degree and a minimum of two to three years’ lend ing experience. The individual will work in both ag and commercial loan departments. Salary com mensurate with experience. Excellent benefits. Contact: Steven L. Afdahl, Preaident, Hawkeye Bank and Trust, P.O. Box 4068, Spencer, Iowa 51301. Member Hawkeye Bancorporation. Phone 712/262-1940. (PA) Let us help with your career advancement or staffing needs. Call in confidence, without obligation. Employ ers pay our reasonable fee to hire the best. CEO $25 million bank located in south central Iowa. County seat town of 3,000. Strong agricultural and operations background necessary. Opportunity to take an equity position. Send resume immediately to file WCG, c/o Northwestern Banker. (PA) TRADE EQUIPMENT What do you need? What have you to trade? Call 308/384-5995 BANKERS ELECTRONIC EQUIP. INC. 380 No. Walnut Grand Island, No. 68801 MANAGER International Trade & Promotion Responsible for management of the Des Moines International Office as well as offices in Hong Kong & Frankfurt. Strong background in trade development, international financing, and marketing. Ability to deal with people represent ing different backgrounds & points of view. Posi tion requires extensive travel both in-state and out-of-state. Closing date for resumes - November 15, 1984 Submit to: Mark Kapfer, Group Manager Marketing Group Iowa Development Commission 600 East Court Avenue Des Moines, Iowa 50309 (PA) PRESIDENT Need 10+ years of experience in banking. Presently either CEO or Exec VP (possibly VP). Bank size is in the $100MM range. Location is close to Omaha, NE. Salary - $50-60K + many choice benefits. Send resumes to: Richard L. Beam, CPC GUMBERT EXECUTIVE EXCHANGE, INC. 11246 Davenport Street Omaha, NE 68154 Phone: 402/330-3260 CEO, 45, now serving as president of $60 million bank in metro area. Heads loan committee, and directs assetliability management. Twenty years banking, experience. TOP references. COMMERCIAL LENDER, 38, a results-oriented profes sional with 17 years of diversified commercial lending and financial management experience. Extensive knowledge of credit analysis, loan administration, workout and loss control - and asset/liability management. WANT TO BUY READER-SORTER with diskette capture capabilities in compatible with an IBM System 34. Contact Joseph R. Lyman, President, Sheridan National Bank. Phone: 307/672-0705. (WTB) Bankers Available CEO with 10 years commercial lending experience in $60 million bank. Graduate of ABA commercial lending school and working knowledge of current banking practices. Linda 515/394-5827 New Hampton, la. 50659 I Jean 515/263-9598 (T/W/F) 712/779-3567 (M/TH) Massena, Iowa 50853 a g n c 4R ra s,iN C . POSITION AVAILABLE SENIOR VICE PRESIDENT—The individual will supervise all loan departments. Requires Bachelor’s degree plus minimum five years’ lending experience. Salary commen surate with experience plus excellent benefits. Excellent career opportunity. Contact: Steve Afdahl, President Hawkeye Bank and Trust, P.O. Box 4068, Spencer, Iowa, 51301. Member Hawkeye Bancorporation. Phone 712/262-1940. (PA) CEO WANTED—$10 million rural bank in Marion county Il linois. Must be strong in ag lending and documentation. Good salary and benefits. Write file WCF, c/o North western Banker. (PA) AG LOAN OFFICER—with three to four years banking ex perience. Must be familiar with microcomputers, cash flow, and documentation. Please send resume and salary requirements to: Clair Hatfield, EVP, Corn Belt State Bank, Box N, Correctionville, IA 51016. (PA) SECOND OFFICER for north central Iowa bank. Experi enced in agricultural and commercial lending. Responsi bilities include loan workoui, documentation and collec tions. Salary commensurate with experience. Send resume to file WCH, c/o Northwestern Banker. (PA) COMMERCIAL LENDER, 40, now responsible for commer cial, agricultural and real estate lending in $80 million bank. College graduate with additional degrees from ABA commercial lending school and ISU ag lending school. OF FERS 14 years intensive banking experience. COMMERCIAL LENDER, 37, now with $300 million bank; five years’ experience in large bank environment. Detailed knowledge of commercial and agricultural leasing. Good people skills, as well as both credit and operations. INTERNATIONAL BANKER, 45, with 12 years’ experience in large bank environment. Extensive commercial loan operations background. College graduate with degree in banking and finance from NYU. INVESTMENT OFFICER, 27, with MBA in finance. Now serving as investment services officer in major metro bank. Honor student. TRUST OFFICER with college degree in accounting. Ex perienced in preparation of annual reports, court reports, fiduciary returns, monthly cash flows. Responsibility in cludes employee profit sharing plans, trusts, estates, and conservatorships. NUMBER TWO, 38, with eleven years ag and business loan experience in banks of $50 million. Currently senior member of three man loan committee. BANK EXAMINER, 32, with ten years’ experience. College graduate with major in economics and marketing. TOP references. INSTALLMENT MANAGER, 28, with 3 years’ college and five years managing $4 million portfolio of consumer, stu dent and floor plan loans in community bank. AG LENDER, 34, with over 10 years’ experience and col lege degree in economics. Currently in charge of $11 million ag loan portfolio. Experienced in ag, commercial, real estate, consumer and student loans. Graduate of ABA Advanced Ag Credit School. We have many other applicants. Call or write Malcolm Freeland or Cy Kirk at Freeland Financial Service, Inc., 1010 Equitable Building, Des Moines, Iowa 50309. Phone 515/282-6462. Employer pays reasonable fee. D O N -S C H O O L E R In AND @ ) i ASSOCIATES "Successful Banking is Quality Personnel" If you would like to be informed of positions as they become available and if you are interested in chang ing your present position, send your resume or phone Don Schooler, 417-882-2265, 2508 East Meadow, Springfield, Missouri 65804. Information on you will be kept confidential until you are inter ested in a specific position. Eighteen years of banking serving as President of rural and metropolitan banks enables me to match you, technically and personally, with the right bank ing environment. POSITIONS CURRENTLY AVAILABLE Missouri, Iowa Oklahoma, Kansas, Arkansas, Illinois, and Nebraska FOR SALE NCR-279-100 TELLER MACHINES—$650 each. Sharp 2500 teller machines, $550 each. Contact: OMAHA COMPUTER EXCHANGE, 11212 Davenport, Omaha, NE 68154. Phone 402/333-3203. (FS) UNITED BUSINESS EQUIPMENT CORP. GLIDE F IL E -3 6 trays and 3 levels. $1,300.00. Contact: Ruth Politsch, Hawkeye-Ankeny Bank, Box 10, Ankeny, IA 50021. Phone 515/964-8800.____________________________________(FS) IBM 5120 COMPUTER AND PRINTER. Contact: The Home Bank, El wood, NE. Phone: 308/785-2530. (FS) POSITIONS AVAILABLE PRESIDENT • $25MM rural bank in small community close to southern Missouri lake area. Superior agri-loan skills re quired................................................................................. $40K BANKING CAREER OPPORTUNITIES CASHIER for a $50mm bank in nice town close to c i t y .......................................................................... to$25,000 Trust Ofcr, large IA metro dept expansion posi tion, trust admin & business development $28K + VICE PRESIDENT OF OPERATIONS, $320mm metro b a n k ..................................... $50,000-$60,000 Trust Ofcr, $100mm SD bank, to become dept head in 3 yrs. $25K + EXECUTIVE VICE PRESIDENT, $10mm bank in country setting............................................. $35,000 Ag LO, $100mm IA bank, 1 yr Ag lending required $22K. PRESIDENT, for a $30mm bank in town 45 minutes from c ity ................................................... to$45,000 AGRI-LOAN • $25MM community bank. Need ag loan background with some exposure to instal. credits— $25K EXECUTIVE VICE PRESIDENT, $40mm country Commercial LO, holding co’s in NE, SD, Wl, IA metro area $35K. b a n k ................................................................$40,000 COMMERCIAL LOAN - $50MM suburban bank located in major midwestern metro area. Assist senior loan officer with commercial portfolio................................................$32K PRESIDENT - $30MM community bank within fifty miles of large city. Requires commercial and ag loan experience... ............................................................................................ $45K AG LO, E & central NE bankso $100mm + , ad vancement opportunity $30K + . EXECUTIVE VICE PRESIDENT, $45mm bank, ex cellent lo ca tio n ............................. $40,000-$50,000 PRESIDENT • $35MM community bank. Majority of port folio in commercial and consumer credits. Prefer CEO ex perience..............................................................................$46K Installment LO, to head retail division in $45mm S. MN bank $25K. #2 MAN for $10mm bank, 2,500 population.......... .......................................................... $25,000-$30,000 Additional career opportunities available for experienced bankers. Barbara J. Rltta PROFESSIONAL RECRUITERS, INC 6818 Grover Street, Suite 102 Omaha, NE 68106 Phone: 402/397-2885 SENIOR LOAN OFFICER, $60mm bank, 12,000 population ..................................... $35,000-$40,000 TOM HAGAN & ASSOCIATES (PA) AG LENDER, $95mm bank, 30,000 population . . . . ....................................................................to $35,000 2024 Swift - Box 12346 North Kansas City, MO 64116 816/474-6874 Serving the Banking Industry Since 1970 Vol. 13 No. 28 Northwestern Banker Newsletter (USPS 873-300) is published weekly by the Northwestern Banker Company, 306 Fif teenth Street, Des Moines, Iowa 50309, (515) 244-8163. Subscriptions $1.00 per copy, $18.00 per year. Second class postage paid at Des Moines, Iowa. Address all mail subscriptions, changes of address (Form 3579), manuscripts, mail items to above address. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
@FedFRASER