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0 Vol. 11 No. 24 Des M oines, Iowa Committee OKs Bank, S&L Bill ® ® _ w 0 0 0 0 0 FTER agreeing upon certain amendments, the House-Senate conference committee sent the De pository Institutions Amendments bill back to the two bodies last Wednesday, September 29, for their approval. It was expected that the House and Senate would OK work of the conference committee by last weekend before adjournment so the bill can go to the President for signature. The bill was best known to bank ers as S. 2879, or the Gam Bill, named after Sen. Jake Garn (R., Utah), chairman of the Senate Banking Committee. It had been passed earlier in the House as a different bill. The bill extends commercial lend ing powers of thrifts and establishes bailout provisions for the ailing thrift industry. Many elements ad vantageous to the commercial bank ing industry had been stripped from the bill in Senate committee hearings, but Sen. Garn and others of fered to insert amendments to the bill favoring banks in order to en hance banker endorsement of the biU. One of the provisions stated by ABA for such endorsement was elimination of the title prohibiting insurance activities of bank holding companies or the substitution of a provision giving a right of rescission A to buyers of insurance from banks. That provision was accepted by Sen. Gam’s committee, along with a pro vision for a more direct order to the DIDC to create a competitive in strument for banks to deal with MMMFs. A terminal date of Jan uary 1, 1984, for the interest rate differential was accepted. The Senate version, after an- O ctober 4,1982 1. A reduction from 15% to 10% of assets as the limit for commercial lending by S&Ls. The bill had been structured so that one-half of the 15% allowable would have to be originated by the S&L, and one-half could be purchased loans. With the reduction to 10%, the latter stipula tion was removed, so the 10% can be all purchased loans, all originated loans, or any combination the thrift wishes. 2. The deposit instrument, with a minimum deposit of no more than $5,000 and to be created within 60 days by the DIDC, was amended so that three third-party checks per month may be written against the new account, and the 3% reserve level will apply instead of the 12% presently required by Reg. D. Elec tronic transfers—e.g., telephone bill paying or pre-authorized checks— would not carry reserves. The ad vantage to depository institutions is that this new account will be fully insured by FDIC and FSLIC, where as MMMFs are not insured. 3. Deletion of the one-year exten sion of federal pre-emption of state usury laws governing business and ag loans. The present one-year pre emption expires March 31, 1983, and the committee conferees agreed they would address the one-year ex- nouncement in the Senate that ABA was endorsing the bill, but without the caveat on the insurance amend ment, then was passed without changing in any way the present law prohibiting insurance sales by bank holding companies. Among the changes accepted by the conference committee that were to be considered by the full House BANKING BILL ... and Senate were these: (Turn to page 4, please) ASK TERRY MARTIN to make MNB work for you. Toll free: 1-800-332-5991 Merchants National Bank Member F.D.I.C. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ill A BANKS OF IOWA' BANK 2 Gany Frandson IOWA nesMomes M M NATIONAL BANK ow did we get to be first in Iowa? By putting Iowa first. An Affiliate of Northwest Bancorporation Mem ber FDIC Garn to Address Seminar On Mergers, Acquisitions Senator Jake Gam (R., Utah) is scheduled to discuss changes in legislation affecting bank expan sion, acquisitions and mergers at Bank Administration Institute’s se cond annual Bank Acquisitions and Mergers seminar set for October 6-8 in Arlington, Va. The program is designed to give bank managers a b etter u n derstan din g o f the economic and competitive forces underlying recent merger activity. Tax considerations will be ad dressed in a one-day forum to con clude the three day seminar. All Savers Renewals Are Due This Week This is the week that millions of dollars in All Savers Certificates mature nationwide and banks have been extremely active the past week in encouraging ASC owners to come into their local banking institution to review the options available through the bank when those funds roll out. The All Savers Certificate became a legal offering of financial institutions October 1, 1981. The ASC offers an individual a tax exemption of up to $1,000 ($2,000 in the case of a joint return). It is offered in denominations of $500, but also may be offered in other denominations, all with a maturity of one year. The life of the Call (515) 245-3131 or toll-free (800) 362-2514 <zdfoCdsx and 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 Minnesota News M IN N EAPO LIS: Jeannette R. Johnson has been named senior vice president of Northwestern National Bank. Ms. Johnson, who joined the bank in 1973, heads the human resources department and also has responsibility for the social policy and programs, advertising and com munications areas. ASC set by Congress originally was 15 months, with the expiration date set at December 31, 1982. Thousands of Americans took ad vantage of the ASC offering. Typi ST. PAUL: Robert L. Smith has cal of the effect on banks was the ex been elected vice president and com perience of one midwestern bank mercial loan manager and Craig R. that reported two-thirds of its All Johnson has been promoted to assis Savers dollars came in the first week tant vice president of Northwestern of last October, and all ASC funds in State Bank. Mr. Smith just recently that $80 million deposit bank now joined the bank, and Mr. Johnson account for 4% of the bank’s total has been with Northwestern since 1973. deposits. W AYZATA: The board of directors Iowa News of First National Bank of Wayzata A t the 96th Annual Iowa Bankers has elected Vince Lucas vice presi Association Convention held last dent of the instalment loan depart month in Des Moines, Diane Patton ment. was the lucky winner of a beautiful Dakotah quilt given away by Banco Illinois News Financial Corporation. The Illinois Bankers Association Her name was drawn from the has begun the Illinois cosponsorship over 400 who registered at the Ban of InnerLine, a computerized inforco exhibit during the convention. Mrs. Patton is the wife of Jim Pat mation system for the financial serton, president of the National Bank vice industry. Developed by the BAI, InnerLine of Rockwell City. will allow subscribers access to CLARINDA: Orville Thompson, 75, many financial data bases, but also longtime banker in Clarinda, died will allow for correspondence bet recently following a lengthy illness. ween subscribers. He began work with the Page Coun To give bankers and members a ty State Bank in 1928, where he chance to see InnerLine in opera served until his retirement in 1982. tion, demonstrations will be held OcMr. Thompson was president of the tober 7-14. Locations and times are bank from 1966-71. DES MOINES: The Iowa-Des Moines National Bank recently opened a CBCT branch at 711 High Street. Estate Appraisals Purchase o f Collections Sale o f Rare Coins Single System Banking With Availability R e lia b le and respected service fo r over 20 years U sed b y bankers throughout the m idw est Ben E . Marlenee Coins Availability of funds. . . availability of people. . . responsive to your needs. National Bank of Waterloo Waterloo, Iowa 50704 Member FDIC https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis P h o n e M ilt H e n n ic k at 1-800-772-2411. 913 L ocust D es M oin es, Iowa 50309 515-243-8064 £ ® ^ • ^ w ^ q 3 Carleton D . Beh Company Investment Bankers / Financial Consultants 1300 Des Moines Building / Des Moines, Iowa 50309 5 1 5 /2 8 8 -2 15 2 NEW ISSUE MOODY’S: A1 We own and offer subject to prior sale and change in price and subject to our attorney’s approving opinion: $1,100,000 ANKENY, IOWA General Obligation Bonds DATED: October 1,1982 DENOMINATION: $5,000 Both principal and semiannual interest (June 1 and December 1; first coupon due June 1,1983) payable at the office of the City Treasurer, Ankeny, Iowa. IN THE OPINION OF COUNSEL INTEREST ON THESE BONDS IS EXEMPT FROM ALL PRESENT FEDERAL INCOME TAXES. MATURITIES 10.00% 9.70% $ 20,000 June 1,1984 7.10 June 1,1994 $ 90,000 9.70* 30,000 June 1,1985 7.50 40,000 June 1,1986 7.90 9.90% 40,000 June 1,1987 8.20 $100,000 June 1,1995 9.90* 50,000 June 1,1988 8.50 50,000 June 1,1989 8.70 10.10% 9.40% $100,000 June 1,1996 10.10* $ 60,000 June 1,1990 8.90 9.10% 10 1/4% $ 60,000 June 1,1991 9.10 $150,000 June 1,1997 10.25* 9.30% $ 70,000 June 1,1992 9.30* 10.40% 9 1/2% $160,000 June 1,1998 10.40* $ 80,000 June 1, 1993 9.50* ‘ Callable on June 1, 1991 in inverse order at 102% declining LEGALITY TO BE APPROVED BY AHLERS, COONEY, DORWEILER, HAYNIE & SMITH, ATTORNEYS, DES MOINES, IOWA The City of Ankeny is located in Polk County in the Central part of Iowa, six miles north of Des Moines. In the past fifteen years the popula tion of Ankeny has nearly tripled, partly due to Interstate 35 (the north-south interstate connecting Kansas City to Minneapolis) which bisects Ankeny and Interstate 80 (the east-west interstate across Iowa) which is less than 10 miles north of Ankeny. Major employees in Ankeny In clude John Deere Des Moines Works (farm machinery); Iowa Liquor Control Commission (state warehouse); Wholesale Grocers of Iowa (wholesale grocers); and Hulsizers Manufacturing Company (window and sales displays). Ankeny has two commercial banks with total deposits exceeding $54,770,000. The population is estimated at 16,800. These bonds are being issued to provide funds for various capital improvements in the City. FINANCIAL STATEMENT Actual Valuation, 1981 Assessed Valuation, 1981 Net Direct Debt, including this issue Net Direct Overlapping & Underlying Debt Population, 1982 estimate: 16,800 Net Direct Debt: $416.07 per capita Combined Net Debt: $739.21 per capita $343,466,475.00 257,958,658.00 6,990,000.00 12,418,787.00 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 stil' be available or may now be available at a price or yield different from that indicated above. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Division of Hutton & Company Inc. ¡ ¡ g SttMt«s0U f OR ^Sr C O D t« ^ B S # m VOVJ aM(* F ir s ts BANKING BILL ... (Continued from page 1) tension of this pre-emption early in the next session. 4. Acceptance of the House ver sion of Title I regarding expansion of FDIC and FSLIC powers to aid failing thrifts. It requires those reg ulators first to seek merger with like institutions within the state of the failing institution; second, with other financial institutions within the state; third, with like institu tions outside the state, and fourth, with other financial institutions out side the state. 5. The accepted bill takes up the House version of Title II—net worth certificates for thrifts. 6. Deletion in Title VII of a piece of special interest legislation objec ted to strongly by Rep. James Leach (R., Ia.) that would have granted a “ Congressional pardon,” in the words of Rep. Leach, to Wilshire Oil Company. Under terms of the Fed eral Reserve regulations for dives titure of banking subsidiaries by the end of 1980, Wilshire was to have divested itself of Trust Company Bank of New Jersey. It failed to do so by the end of 1980 and sought relief from the Fed, which denied the request. Court appeals followed, but the Fed was upheld through the Ap peals Court. The Supreme Court re fused to take up the case, so the Ap peals Court verdict upholding the Fed stood. Wilshire continued in its failure to divest and has been sub ject to $1,000 a day penalty for a great length of time. It sought this exemption in Title V II and now has seen it stricken from the current legislation. Get al| the news first! Please enter my personal subscription to N o r t h w e s t e r n 306 15th St., Des Moines, Iowa 50309. B anker, EH EH 2 years $33.00 EH EH Bill me 1 year $18.00 (Includes monthly magazine and Weekly Newsletter) Check enclosed. Send me two months free N am e________________________ T itle_______________ Bank or Firm ______________ Street Address (or Box #) __________________________ City _ State Zip. SPECIAL BONGS!!! Enclose your check now and receive an extra tw o m onths on your subscription! https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ABA Statement Following action by the confer ence committee, ABA released the following statement: “ This bill gives banks and the public the victory over Money Mar ket Mutual Funds, which the Amer ican Bankers Association has been vigorously seeking more than two years. It is a great victory for the public, which has been seeking an in sured, convenient, market-rate ac count, and desiring to keep funds in the local community. “ This legislation also provides significant new service opportun ities for banks by amending the Bank Service Corporations Act. It resolves questions surrounding dueon-sale clauses in mortgage con tracts to the benefit of consumers and lenders alike. “ The bill will eliminate, after years of contention, the inequitable differential which has allowed thrift institutions to pay more for some de posit accounts, while allowing them some limited commercial lending authority. “ While the major public focus of the legislation has been on its thrift institutions provisions, the legisla tion does contain a number of impor tant provisions to update banking laws. Among these provisions are in creased borrower and lending limits for banks, modernized real estate loan program, and substantive revi sions of Section 23A of the Federal Reserve Act. “ The ABA looks forward to next year when we have been assured that many remaining issues regar ding the definition of the business of banking will be addressed.” Banker Efforts The ABA Leadership Conference of more than 400 bankers represen ting all segments of the industry had met in Washington as the Sen ate was considering final stages of S. 2879. The Conference adopted by a vote of more than 400 to 13 its posi tion statement calling for the new money market instrument, the in surance privileges and other amend ments they felt the bill needed to make it acceptable. Leaders of the Independent Bank ers Association of America had been working to support Titles I and II, the regulator bill and capital infusion matter, while asking to have title III—the banking powers for thrifts provision—stricken from the bill. That effort, as noted above, failed. □ » I ■ i Ü b i I M Èm tSÈSIiÊSSÈllp H f/fy Í ' • ' • BBH1 '-k"”i# -''-;íM %•>';"íT= ¡8 r'”'.i g ■ Éf "'•' J>; J ^ jm ■/ fe . ■ 9 BB WÊMÏÊÊÊÊSÊÊ: ypi ^^^liomtQrmg coflate^al shouldn’t De a guessing game. And you thought you know where tho trilateral was. Why run the risk ol doing all your usual thorough paper work and documentation and then find your collateral has gone to market? Without your knowledge. That’s where Collateral Control comes in» Whether it’s agricultural products, manufactured goods or anything that can be counted — Collateral Control will help your bank secure working capital loans. Today’s creative lenders are putting together more and more loan packages that include a revolving line of credit against receivables and inventory. And in the process they’re discovering what some banks have known all along. That asset-based lending can be perhaps the most secure form of lending. See how your bank —with the help of Collateral Control — can grow and profit with asset-based lending. Do not assume that you have a situation too difficult to manage. If you can put a fence around it or a roof over it, Collateral Control has the service to fit your specific need. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Write us today. And get control of your loan collateral. COLLATERAL CONTROL C O R P O R A T IO N Now available — comprehensive all new collateral manage ment booklet. Send me a free copy. 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The customer works directly with you. Collateral Financial Services takes care of the details. We’ll relieve you of legal, personnel and data processing costs and complications. Provide you with customized invoicing and promotional material. Collect for you all the data, billings and taxes. Share with you the risk. You expand your services without expanding https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis your staff. Your customers gain production, capital and tax advantages. You both keep growing. Call us today or send in the coupon below. « please send me your free booklet describing the A t / ^ 9 advantages of a Bank Participation Leasing Program. Name_____________________Title. Institution 1 Address. 1 City M ail to: 1— Statp COLLATERAL FINANCIAL SERVICES INC. Zip Corporate Office 444 Lafayette St. Paul, M N 55101 612/222-7792 CALL ON THE “PERFORM ANCE TEAM ” where com m on transactions are handled uncomm only well. FIRST NATIONAL LINCOLN 13th & M Street • Lincoln, Nebraska 68501 • M em ber, F.D.I.C. 0 listed below: October 7: • 9:00 a.m.—University Club Room H, 76 Monroe, Chicago. 2:00 p.m.—Holiday Inn Oakbrook Terrace, on 22nd Street, off 15, West of 1294. October 11: • 9:00 a.m.—Emerald Hill C.C., Sterling, Prairieville Road and Rt. 2. 2:00 p.m.—Holiday Inn Bradley (Kankakee), 157 and Rt. 50. October 12: ^ 9:00 a.m.—Continental Regency, Peoria, 500 Hamilton Blvd. 2:00 p.m.—Ramada Inn, Cham paign, 1501 S. Neil. October 13: 9:00 a.m.—Holiday Inn East, Spr ingfield, 3100 S. Dirksen Pkwy. ® 2:00 p.m.—Holiday Inn, Mt. Ver non, 157 & Rt. 15. October 14: ® A ® • • 9:00 a.m.—Holiday Inn, Carbondale, 800 E. Main. 5:30 p.m.—Fischer’s Restaurant, Belleville, 2100 W. Main (During the Group 9 meeting). For further information, contact Johnette Beacham at 312-228-2375 or Charles Obie at 312-984-1500. ELMHURST: Frank C. Rathje, president of Elmhurst National Bank, recently announced that three vice presidents have joined the bank’s management staff: Charles E. Smith, senior vice presidentcorporate banking division; Robert D. Sorenson, senior vice presidentoperations, and Allen R. Klokow, vice president of data processing. South Dakota News The South Dakota Bankers ® Association Instalment Credit and R etail Banking Conference is scheduled to be held October 7 & 8 at the Sheraton Inn, Yankton. The program for the conference follows: A .M . Thursday, October 7 9:30 Registration. 10:00 “ Bankruptcy as it Pertains to Chapter 7, 11 and 13 With Emphasis on Chapter 7” — William R. Mapother, A t torney at Law, Creditors Law Center, Louisville, Ky. P .M . 12:00 Buffet luncheon. 1:00 Reconvene—William R. Mapother. 4:00 Adjourn. 6:00 Reception. 7:00 Banquet. Dr. Charles Kauf man, Vermillion. A .M . Friday, October 8 9:00 “ What Impacts Health, Pro ductivity and Performance?” —Michael J. Hennessey, Au rora, Colo. 12:00 Adjourn. MITCHELL: Gene W. Noonan has been appointed vice president and manager of the Letcher Branch of the Live Stock State Bank. He was recently employed as executive vice president of the State Bank of Bell ingham, Bellingham, Minn. LaMoine L. Torgerson has also been appointed assistant vice president and assistant manager of the Arte sian Branch of the bank. SIOUX FALLS: Marwin H. Brown has been elected vice president of credit review-South Dakota for First Bank System, Inc. He will be officed in Sioux Falls. Mr. Brown most recently served as executive vice president of the eastern division of If you're asking a lot, ask us. The professionals at United Missouri Bank. Giving you what you need, when you need it. What does your employees’ appear ance tell your customers about your bank? “W e want to please you” or “W e don’t really care?” Call us for the look of “Service” and “Success.” Æ e A j/ L o e k k - ^ . CAREERAPPAREL N. Main St., Carroll. Ia„ 51401 712-792-2748 | First Bank of South Dakota, a posi tion he has held since 1979. WATERTOWN: Val Neuberger has been promoted to vice president and manager of the instalment loan department of First National Bank o f W atertow n , a ccord in g to Burdette C. Solum, president. Mr. N euberger was em ployed as manager of the instalment loan department of the Union State Bank in Amery, Wis., prior to joining the bank in 1981. WAUBAY: The Federal Reserve Bank of Minneapolis recently ap proved the application by Waubay Bancorporation, Inc., to acquire State Bank of Waubay. North Dakota News WEST FARGO: Eugene Rich has been elected president of First State Bank, according to Warren Ander son, chairman. Mr. Rich, previously employed as executive vice presi dent of First State Bank, has been with the bank since 1966. Montana News H A M IL TO N : R avalli C ounty Bankshares, Inc., Hamilton, recent ly received approval from the Federal Reserve Bank of Minneapol is to become a bank holding com pany through the acquisition of Ravalli County Bank. Dick M uir Larry Russell UNITED M ISSOURI BANK of Kansas City, n.a. United we grow.logether. P.O. Box 226, 10th and Grand, Kansas City, Missouri 64141 • (816) 556-7000 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Steve Panknin Jeff Goble Dave Dickens 6 SERVING PRO FESSIO NALLY Management Opportunities Banking, Financial & Business Personnel Iowa and Nationwide Mid-level and top management positions open in agricultural lend ing with Production Credit Associ ations in Kansas, Oklahoma, Colorado and New Mexico. Ag loan experience desirable. Send resume to: Production Credit Associations CAPITAL PERSO NNEL SERVICE 714 U.C.B. Building, 515-283-2545 Des Moines, Iowa 50309 FOR LEASE Drive-up window unit 8’ x 12’ complete. Good airconditioning and heat. Available Nov. 1st — 401 Queens Court, Sioux City, IA 51104. Phone 712/239-2315. (FL) % Jam es L. Grauerholz Federal Intermediate Credit Bank of Wichita Suite 420-N 151 North Main Wichita, KS 67202 AN EQUAL OPPORTUNITY EMPLOYER POSITION AVAILABLE Experience cashier and operations officer in a $23 million bank in N. Platte, NE. Salary open wth qualifications and experience. Contact E. Dean Niedan. Phone: 308/534-9300. ___________________________________ (PA) EXPERIENCED AG LOAN OFFICER (min. 2 yrs.)— $42 million bank, N.E. Iowa. Salary open. Must be skilled at cash flows; a self-starter. Send resume to file QBZ, c/o Northwestern Banker. (PA) PO SITION S A V A IL A B L E TRUST OFFICER: Eastern Nebraska. Take charge of small dept, and build. Law degree preferred. Salary $30-35M VICE PRESIDENT: South Dakota Bank. Should have ag degree, experience in livestock and ag lending. Some com mercial experience a plus. Salary $25-30M AG OFFICER: 40MM Iowa bank needs man with 2-4 years’ lending experience. Salary $20-25M PRESIDENT: North Dakota. $80 million bank. Should be strong in ag loans and business development. Salary open SECOND OFFICER: Eastern Nebraska bank, $10 million. Needs ag background and operations experience. Salary to $26M INSTALLMENT LOAN: New Mexico bank. Should be capable of managing $20 million department. Salary open Above are some recent listings. We are a fee-paid-byemployer employment service. We specialize in banking and related industries. If interested, mail your resume in strict confidence to FINANCIAL PLACEMENTS, P.O. Box 13786, Kansas City, Mo. 64199, or 912 Baltimore, Kansas City, Mo. 64105. 816-421-7941. Mike Wall, Manager, Tom Cannon, Consultant. Ready to move to new location. Offering complete fur nishings for a bank, including 4 teller stations, 1 reception desk, 1 large executive desk, 2 executive desks, 3 book keeping desks, 10 nests safe deposit boxes in good condi tion. Contact: Wall Lake Savings Bank, Wall Lake, Iowa 51466. Phone: (712) 664-2311.____________________ (FS) Brandt model 1710 automatic coin wrapping machine. Phone Terry Wycoff, 515/232-5561. (FS) Thinking about selling your bank? or Dick Buenneke Over 50 years’ banking experience No fee to seller 1031 Carriers Building Des Moines, Iowa 50309 Phone: 515-243-7434 T IM TEMPERATURE QUALITY SIGNS • Designed • Manufactured • Installed Commercial Lender for eastern Iowa community bank. Re quires five or more years experience and degree............... .....................................................................Salary $36,000 Commercial Lender for major Wyoming bank. Requires heavy lending background..........................Salary $38,000 Senior Ag Lender for N.W. Iowa bank. Requires at least five years lending background in commercial bank............ .....................................................................Salary $35,000 A S S O C IA T E S 901 A. West Jackson* Ozark, Missouri 65721 417/485-6020 COMPLETELY CONFIDENTIAL ____________ “Employment Service"____________ Ag Lender with one year in community bank, college degree and farm background...................... Salary $16,500 Number Two Man in community bank. Four years ex perience and insurance licenses. College grad. Ag Loan Exp............................................................... Salary $25,000 BANK SYSTEM SALES We are looking for a sales person based in Cedar Rapids/Waterloo area to sell a commercial bank computer system. Sales and/or banking exper ience preferred. Draw against commission. Send resume to: Modem Banking Systems, Inc. 6818 Grover Street Omaha, NE 68106 Attention: Mr. Bill Pierce AG DEPARTMENT Commercial Lender for major Iowa bank. Requires at least five years experience in larger b a n k ........... Salary $36,000 AND V Commercial Lender with experience in $100 million bank. .....................................................................Salary $30,000 Ag Loan Officer position open with a large Mon tana bank. Minimum of 3-5 years ag lending ex perience; preferably with a commercial lending in stitution. Salary D.O.E. Excellent benefits. Send resume to: Personnel Dept., Security Bank, N.A., P.O. Box 30918, Billings, MT 59116. E.O.E. (PA) PO SITION S A V A IL A B L E D O N -^CH O O LER F Trust Officer with law degree and estate planning ex perience seeks eastern Iowa or western Illinois position. .....................................................................Salary $35,000 Consult with P.O. Box 263 Grand Island, Nebraska 68801 (308)384-0111 Eighteen years banking experience serving as president of rural and metropolitan banks enables me to find the “right” banking position for you as a banker or the “right” officer for your bank. Cashier with four years experience, college grad ............. ..................................................................... Salary $23,000 Hom er Jensen $2895 B A N K IN G PLA CE M EN TS “ Successful Banking is Quality Personnel” Ag Lender with Iowa State Degree and bank experience seeks central Iowa position....................... Salary $25,000 Write or call Malcolm Freeland, Freeland Financial Ser vice, Inc., 1032 Carriers Bldg., Des Moines, Iowa 50309. Phone 515/282-6462. Employer pays reasonable fee. MARKETING OFFICER—$70 million Minnesota bank. Send resume to file QBX, c/o Northwestern Banker. (PA) Ag. loan officer wanted with 5-10 years-loan experience. Good salary. In $25 million bank in northwest Iowa. Phone Dale Anderson, 712/786-1153.____________________ (PA) B A N K E R S A V A IL A B L E President of high performance Iowa community bank seeks new opportunity in county seat or larger community ..............................................................Salary Negotiable Cashier for bank in major outstate Nebraska city .....................................................................Salary $25,000 SKI THE SUMMIT!!! Three-Bedroom and Two-Bedroom, two bath townhomes available for sale or rent. Most have covered hot tubs on the deck. Prices range from $114,000.00 to $128,000.00. Financing available. Contact: DWAYNE SMITH Paradise Properties, P.O. Box S Dillon, Colorado 80435 Phone: 303/468-5846 PO SITION S A V A IL A B L E SECOND OFFICER—primary responsibility w ill be management of Ag Loan portfolio for $25MM rural bank. Knowledge of operations helpful. $28,000 OPERATIONS—suburban affiliate of major holding com pany has opening for operations manager. Some ex perience with regulatory reports required. $25,000 AGRI-LOAN—good opportunity to assume second man position in $30MM rural bank. Requires degree and 5 yrs. or more Agri-Loan experience. $30,000 REAL ESTATE LOAN—manage department for $150MM bank. Prefer commercial real estate and construction len ding background. $28,000 COMMERCIAL LENDER—supervise all lending activities in medium size suburban bank. Degree and 5 yrs. + com mercial lending experience desired. $38,000 CASHIER—handle all internal operations and reports for small rural bank. Secondary duties in Ag Loans. $25,000 AUDITOR—opening for junior officer with accounting degree in $50MM suburban bank. Some exposure to audit procedures desired. $18,000 Insurance Manager for key bank in larger North Dakota town. Excellent Salary, benefits, and c a r ........Salary open COMMERCIAL LOAN—addition to staff of $70MM bank. Prefer experience with similar size institution. Should en joy business development. $28,000 Insurance Manager for Nebraska Community bank .........................................................................Salary open These and other opportunities available in midwestern states. A resume’ and salary history requested. Number Two Person for eastern Nebraska community b a n k ...........................................................Salary $25,000 Ag Rep for N.Iowa bank. Must be able to document and work out cash flows for ag loans............ Salary to $28,000 Write or call Malcolm Freeland, Freeland Financial Ser vice, Inc., 1032 Carriers Bldg., Des Moines, Iowa 50309. Phone 515/282-6462. Employer pays fee. TO M H A G A N & A S SO C IA T E S of Kansas City 2024 Swift - Box 12346 North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry Since 1970” Vol. 11 No. 24 Northwestern Banker Newsletter (USPS 873-300) is published weekly by the Northwestern Banker Company, 306 Fifteenth Street, Des Moines, Iowa 50309, (515) 244-8163. Subscriptions $1.00 per copy, $18.00 per year. Second class postage paid at Des Moines, Iowa. Address all mail subscriptions, changes of address (Form 3579), manuscripts, mail items to above address. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
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