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Vol. 14 No. 25 Des M oines, Iowa M ixed Reaction to Iow a Moratorium HE big news across the Farm Belt last week was the surprise move by Iowa G ov. T erry Branstad when he in v o k e d Iowa’s morator ium law that pre v en ts fore closure for one year on farm real e s ta te m ort g a g es . The s t a t e ’ s mora- GOV. BRANSTAD torium law, like that of many other midwest states, dated back 50 years to the great Depression of the 1930s. Iowa law was amended from the first bill in 1939, and then earlier this year, at the request of the Gov ernor, was updated. Under the amended law of the past legislative session, the Gover nor is empowered to invoke a mora torium on farm real estate fore closures after declaring that a state of economic emergency exists. He took such a course last Tuesday, Oc tober 1, the first moratorium ever in voked by an Iowa Governor. Gov. Branstad’s action met with mixed reviews by many ag industry members and lenders, most of them sympathetic to the Governor’s de sire to emphasize to Congress and the President the desperate situa- T tion in the state, but doubtful that it would have any great effect directly on the farm mortgages involved. Speaking for the Iowa Bankers Association at an afternoon press conference after the Governor’s an nouncement, IB A President J. Bruce Meriwether, president, First National Bank, Dubuque, stated, “ Iowa bankers are very disap pointed in today’s announcement by Governor Branstad invoking a moratorium on farm real estate fore closures in Iowa. This announce ment has several negative implica tions for farmers, bankers and the state of Iowa. “ Farmers are not really being helped by this action...the Governor is simply delaying the inevitable.” Mr. Meriwether said the morator ium “ will only temporarily assist a limited number of them, in order to send a ‘message’ to Washington... (it) sends negative signals to the rest of the country and the world regard ing economic growth within Iowa.” Gov. Branstad said in Executive Order #20 that “ farm asset values have dropped by over 50% since 1981, draining over $35 billion in wealth from Iowa.” In his press con ference statement he scud he took the moratorium action for three rea sons: “T. The 1981 Farm Bill expired October 7,1985 September 30 and we have no new Farm Bill; no new farm income policy...Congress has yet to begin seri ous discussion of the need to provide credit relief for our nation’s farmers. Without such relief, from 10-15 per cent of all farm debt likely will be li quidated this fall and winter. And those liquidated will pull many of their neighbors down with them. “ In short, my action today is de signed to tell Washington in a loud and clear voice—we need help in the Heartland. The time for action is now. “ 2. While Congress fiddles, the farmers in the Farm Credit System bum. It is clear that the Farm Credit System, which holds over $70 billion (one-third) of farm debt, will collapse without federal interven tion. Without that intervention, the System plans to liquidate at least 10 to 12 percent of its borrowers this year. Our markets cannot stand such a dumping of assets; and our state cannot afford the loss of these farmers...My action today is de signed to protect from wholesale liquidation as many Farm Credit System borrowers as possible.” “ 3. My action today will not pena lize lenders who have exercised for bearance and who have made a good faith effort to restructure the farm ers’ debt. Moreover, experts at Iowa State University^have advised me that this action wil not significantly ASK JERRY TRUDO to make MNB work for you. Toll free: 1-800-332-5991 nts National Bank m F.D.I.C. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A BANKS OF IOWA’ BANK 2 Norwest Bank Des Moines, N.A. NORWEST BANKS Call (515) 245-3131 or toll-free (800) 362-2514 Member FDIC Serving bankers quietly and efficiently. CAPITAL PERSONNEL SERVICE 714 First Interstate Bank Building Des Moines, Iowa 50309 515-283-2545 Teamwork: one of the reasons we’re first in Iowa. M ark Conway reduce the availability of agricultural credit...A vast majority of our com mercial lenders are already meeting these conditions (of the Moratorium Law, amended 1985) and are going the extra mile with their borrowers. “ Agriculture in Iowa is in trou ble...this (over 50% decline since 1981) in asset values, in combination with low commodity prices, threa tens up to 40 percent of Iowa’s 110,000 farmers...Agriculture af fects 65 percent of all jobs in our state. “ Washington must straighten out the economic mess it created; and the Farm Credit System must be prevented from forcing farmers off their land. I will not rest until that job is done.” Speculation arose immediately as to whether the Farm Credit System, as a federally chartered entity, would have to abide by a state in voked moratorium. That question was put to rest for the time being the following day by John Harling, president of the Farm Credit Bank in Omaha. He said the FCB would recognize the moratorium, although not liking it, but stated the bank’s present policy in any event is not to foreclose where a borrower can con tinue to make interest payments. One question raised immediately by bankers in Iowa, as well as many in Nebraska who were holding their annual group meetings when the moratorium was announced, was the possible effect it might have on contact Donald L. Fatka, City State Bank, Box 98, Madrid. Price per per son: $11. Dorothea Wolfe regulatory examinations. Jim Shu maker, assistant regional director of the FDIC at Kansas City regional headquarters, told the N orthwest ern B anker he had not seen the moratorium law or the executive order invoking it, but based on what he had read of it he couldn’t see that the moratorium would affect any regulatory assessment of farm real estate loans in a bank’s portfolio. He said a moratorium neither enhances nor detracts from the risk factor of the debt; in other words, FDIC’s as sessment of a given loan would be based on its risk factor, whether there was a moratorium or not. Tom Huston, Iowa superinten dent of banking agreed, stating, “ We can’t see that it really affects our examination procedures. The moratorium does not affect a loan’s carrying value on the bank’s books. And banks in Iowa have done an ex cellent job in trying to restructure loans for troubled farm customers. We think very few borrowers will qualify under the moratorium law.” Iowa News The next meeting of the Bank Ad ministration Institute will be held October 17 at the Ankeny Inn in Ankeny. A panel consisting of Dal las Janssen and Tom Flynn, and moderated by Howard Hagen will discuss “ A g Related Bankruptcy.” Social hour begins at 5:30 p.m. with dinner at 6:30, followed by the panel discussion. For reservations, Make The National Bank o f Waterloo your custodian bank! • The National Bank o f Waterloo is an approved custodian bank for the state o f Iowa. •Fast, efficient computerized reporting system. •Provides pledging system to secure public funds. •Low, low monthly fees under our system. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Call: 319-291-5235 for complete details. Write: Attn: Don Stonewall, Vice President The National Bank of Waterloo 100 E. Park Avenue Waterloo, IA 50703 SHEFFIELD: Keith W. Lazar has been elected president of Sheffield Savings Bank. He will succeed Harold J. Gallagher who will retire February 1, 1986. Mr. Lazar has served as executive vice president of the Van Home Savings Bank since 1981 and prior to that was with Tama State Bank. Mr. Gallagher has been with Sheffield Savings Bank since 1958. Nebraska News A t its Banking Leadership Con ference scheduled for Tuesday, Octo ber 29 at the Kearney Holiday Inn, the Nebraska Bankers Association will seek input for guidance in for mulating an official position on the state’s latest bank tax legislative proposal. The adhoc legislative com mittee has proposed that financial institutions be taxed at the rate of 40$ per $1,000 of deposits, not to ex ceed 3.25% of net income. Also, it would eliminate consolidated tax re turns from bank holding companies along with net operating loss carry forwards and carry-backs. The Leadership Conference again will deal with the interstate banking issue as it did at last year’s Confer ence, when the result was an oppos ing vote to such legislation. GUIDE ROCK: Clifford E. Vogler was recently advanced from vice president to executive vice president of The Guide Rock State Bank. Also at the bank, Dean Sladek was named vice president and branch manager and Peggy J. Rumsey was named assistant cashier of its branch facili ty in Edgar. LINCOLN: Gateway Bank and Trust, Citizens State Bank and Lin coln Bank East, all currently owned by the same group of shareholders, have approved a plan that will result in the subsequent merger of the three banks into a new bank and holding company. The merger is de pendent on the approval of the FDIC, which is not expected for sev eral months, according to James F. Nissen, president. Engineering highperformance portfolios. Since the 1920s United Missouri Bank has been advising banks on the management of their bond portfolios. These timely recommendations have a history of sound logic and a positive contribution to bank earnings. Whether short- or long-term, we expect the strategies we recommend to be successful. Why? Because we continually update ourselves about the economy, the market and changes in the banking industry. So for quality recommendations that are engineered for high performance, contact our Investment Banking Division. Call (816) 556-7200 today. ki . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis UNITED MISSOURI BANK o f Kansas C ity, i u . Member FDIC MÆT P.O. Box 226 Kansas City, Missouri 64114 Supplement to Northwestern Banker Newsletter 10-7-85 __ 4 TAKE a boat ride to the site o f the Battle o f New Orleans. New Orleans, H ost o f the 1985 A B A Convention By: TAKA L. RANELS American Bankers Association HETHER it’s called the “ Cres cent City,” due to its location on a deep bend of the Mississippi River, “ The City That Care Forgot,” because of its carefree atmosphere, or “ America’s M ost Interesting City,” New Orleans holds a unique place among American cities. To tourists, New Orleans is the third most popular city in the na tion. It hosts between 750 thousand and a million visitors each year from conventions alone and is hosting the 1985 American Bankers Association Annual Convention, Oct. 19-23. What makes New Orleans so en ticing is its wide variety of exciting and unusual sights, sounds and tastes. W • For example, the Moonwalk, along the Mississippi River, offers a scenic view of the river and passing boats. Nearby one can stop for cafe au lait, coffee topped w ith hot milk, and beignets, square doughnuts sprin kled w ith powdered sugar. • Also along the riverfront is Jackson Brewery. Once a famed brewery, it is now a spectacular, fun-filled marketplace featur ing one-of-a-kind shops, Louisiana cooking, entertainment and colorful carts. • Streetcars offer self-guided tours of the city. For a small fare, people can ride on the oldest continuously operating street rail way in the country. View the beautiful man sions of the Garden D istrict or take a ride to the recently renovated zoo, now rated one of the best in America. • Jackson Square, originally the Place d’ Armes, is located in the heart of the French Quarter by Decatur Street. This is where An drew Jackson housed his artillery and it’s now home to New Orleans artists and musi cians who fill the square regularly w ith their https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis works and unique music — everything from jazz to reggae to rhythm and blues. • Located just south of Jackson Square is the French Market. It has been a trading center fo r more than 250 years. This busy and colorful marketplace Includes specialty shops, entertainment, fru it and vegetable stalls, craft booths and a flea market. Many people stop to watch experienced chefs make New Orleans’ famous pralines. • Also near Jackson Square, the legend of Jean Lafitte is relived by animated pup pets at the Pontalba Historical Puppetorium. • Several fu ll days could be spent brows ing through the 48 art galleries and many museums in the city. The H istoric New Orleans Collection contains ten permanent exhibition galleries, each describing a phase of the c ity ’s past through maps, pain tings, documents, decorative arts, and other artifacts. • Another museum, Jackson Barracks, is home to New Orleans’ many m ilitary arti- BOURBON STREET is world famous and is open 24 hours a day, seven days a week for your entertainment and pleasure. facts and memorabilia. The Louisiana State Museum is really eight museums in one, featuring Louisiana folk art in the Jackson House as well as jazz and carnival mu seums in The Old U.S. Mint. • Museums and galleries are not the only place to view pieces of artwork in the city. New Orleans boasts a host of outdoor sta tues and sculptures in all shapes and sizes. The Piazza d’ltalla features an open-air tem ple and a fountain in the shape of the map of Italy. The Vlrlane Collection of sculptures is another ’’must see.” • New Orleans is not w ithout monuments to those historic people who made it such a special place. Jean Baptiste Le Moyne, Sieur o f Bienville, founder of the “ Crescent City,” stands on the corner of Howard and Loyola Avenues, while Andrew Jackson, the general who saved the city from British troops, sits in the heart of the French Quar ter. Confederate General Robert E. Lee, one o f the South’s most famous warriors, stands in Lee Circle. • Of both cultural and historic interest, St. Louis Cathedral is the oldest active cathedral in the country. • To view New Orleans from a different perspective, take a ferry across the “ Mighty M ississippi.” Ferries depart from several locations, Including the Jackson Avenue W harf and Canal Street Wharf. • For the sports enthusiast, New Orleans hosts a variety of activities. The Louisiana Superdome is home of the New Orleans Saints and Tulane University football teams and the University of New Orleans basket ball team. October weather should be per fect fo r such participant sports as golf, ten nis, horseback riding and fishing. • However, no trip to New Orleans is com plete w ithout visits to a few of New Orleans’ world famous restaurants and nightclubs. No one should go home w ithout sampling some spicy creole or cajun cuisine and lis tening to some “ sw inging” Dixieland jazz. With such a wide variety of things to see and do in New Orleans, the trip to the AB A Annual Conven tion will become an exciting vaca tion as well. □ 5 Call on the “Experienced Professionals” Ready to meet your correspondent needs. Minnesota News ST. PAUL: First Bank Grand re cently announced the promotion of Jerome R. Welle to vice president and manager of commercial lending. Mr. Welle has served as vice presi dent in the bank’s commercial divi sion since 1984 and now adds re sponsibility for the overall manage ment of that department. He has been with the bank since 1979. North Dakota News WAHPETON: John Blume has been named president of Dakota Bank of Wahpeton, a subsidiary of Dakota Bankshares, Inc., Fargo. Mr. Blume, a 1980 graduate of North Dakota State University in Fargo, previous ly was with Norwest Bank, Fergus Falls, Minn., as agriculture loan offi cer. South Dakota News Loan Documentation/Article 9 UCC Workshop, an intensive oneday seminar sponsored by the South Dakota Bankers Association com mercial loan committee, will be held November 6 at the Holiday Inn, Mitchell. John Moye, partner in the law firm of Moye, Giles and O’Keefe, Denver, Colo., will conduct the semi nar. Registration is $90 in advance and $100 at the door. The seminar will begin with registration at 8:30 a.m. and run from 9:00 until 4:00 p.m. with a noon luncheon. Estate Appraisals Purchase of Collections Sale of Rare Coins Reliable and respected service for over 20 years Used by bankers throughout the midwest Ben E . Marlenee Coins 913 L ocu st Des M oines, Iow a 50309 515-243-8064 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ^ First N ational Lincoln A FirsTier Bank Member. F.D.I.C. 13th & M Streets, Lincoln, NE 68501 For more information or to regis ter, contact the South Dakota Bank ers Association, Pierre. Montana News GREAT FALLS: First Interstate Bank of Great Falls has announced the appointment of William C. Par ker as president and CEO. He suc ceeds Charles E. Pedersen, who became president and CEO of First Interstate Bank of Casper, Wyo. Mr. Parker, a graduate of St. John’s University in Minnesota, joined First Interstate Bank, Great Falls, in 1977 as a commercial loan officer. Also appointed was Lee Berger as senior vice president/loan adminis tration. 3,425 3,456 C. Total paid circulation D. Free distribution by mall, carrier or other m e a n s sample, complimentary, 309 272 and other free copies E. Total distribution 3,734 3,728 (Sum of C and D) F. Copies not distributed 1. Office use, leftover, unaccounted, spoiled 92 92 after printing 2. Returns from news NONE NONE agents G. Total (Sum of E, F1 and 2—should equal net press 3,820 3,826 run shown in A) 11.1 certify that the statements made by me above are cor rect and complete. BEN HALLER, JR. Editor and Publisher 12. For completion by publishers mailing at the regular rates (Section 132.121, Postal Service Manual). 39 U.S.C. 3626 provides In pertinent part: “ No person who would have been entitled to mail matter under former section 4359 of this title shall mail such matter at the rates pro vided under this subsection unless he files annually with the Postal Service a written request for permission to mall matter at such rates.” In accordance with the provisions of this statute, I here by request permission to mail the publication named in Item 1 at the phased postage rates presently authorized by 39 U.S.C. 3626. Ben Haller, Jr., Editor and Publisher Colorado News DENVER: Gamier K. “ Gar” Puryear has been elected executive vice president of Colorado National Bank of Denver. He previously held a number of positions for Colorado National Bankshares, Inc. STATEMENT OF OWNERSHIP MANAGEMENT AND CIRCULATION (Required by 39 U.S.C. 3685) (also DMM 448.31) 1. Title o f publication — Northwestern Banker Newsletter. 2. Date o f filin g — September 30,1985 3. Frequency o f issue — Weekly. 3b. Annual Subscription Price — $6.00 4. Location o f known office o f publication (Not printers) — 1535 Linden St. #201, Des Moines, Iowa 50309. 5. Location of the headquarters or general business of fices o f the publishers (Not printers) — 1535 Linden St. #201, Des Moines, Iowa 50309. 6. Names and com plete addresses o f publisher and editor and managing editor — Editor and Publisher — Ben Haller, Jr., 1535 Linden St. #201, Des Moines, Iowa 50309. 7. ' Owner (If owned by a corporation, its name and ad dress must be stated and also im m ediately thereunder the names and addresses of stockholders owning or holding 1 percent or more of total amount of stock. If not owned by a corporation, the names and addresses of individual owners must be given. If owned by a partnership or other unincorporated firm, its name and address, as well as that of each individual must be given). Ben Haller, Jr., Presi dent, 1535 Linden St. #201, Des Moines, Iowa 50309. North western Banker, 1535 Linden St. #201, Des Moines, Iowa 50309. 8. Known bondholders, mortgages, and other security holders owning or holding 1 percent or more of total amount of bonds, mortgages or other securities: Ben Haller, Jr., President, 1535 Linden St. #201, Des Moines, Iowa 50309. 10. Extent and nature of circulation: Average No. Actual No. copies each o f copies of Issue during single Issue preceding nearest to 12 months filing date A. Total No. copies printed 3,826 3,820 (Net Press Run) B. Paid Circulation 1. Sales through dealers and carriers, street ven dors and counter sales NONE NONE 2. Mail Subscriptions 3,425 3,456 F IN A N C IA L PLACEM ENTS a division of BANK NHWS Call Larry Vohs 816/421-7941 Job Openings CEO/PRESIDENT— Oklahoma—$45K CEO/PRESIDENT-W yoming—$40K CEO/PRESI D E N T - Kansas—$40K SVP. SR. LENDER— Iowa—$55K EVP. SR. LENDER—Oklahoma—$55K EVP. AQRI LOANS— Kansas—$40K SVP TRUST OFFICER— Nebr—$45K SVP AQ LOANS— M issouri—$30K VP RETAIL BANKQ— Iowa—$Open HC AUDIT MGR— M issouri—$40K V.P. COM’ L/AG LOANS— Ks—$36K CONS/COM’L LN MGR— N. Max—$37K TRUST/FPLN/MKTG— Kansas—$40K AVP OPERATIONS— Kansas—$35K CASHIER/OPERATION— Iowa—$25K + AVP CASH/OPER— Kansas—$27K AVP COM’L/CONS—Oklahoma—$30K AVP AG LOANS— Kansas—$30K AVP AG LOANS—Colorado—$24K AVP COM’L LOAN— Nebraska—$26K OTHER POSITIONS AVAILABLE PLEASE INQUIRE If you are Interested In a career move, mall your resume In strict confi dence to FINANCIAL PLACEMENTS, P.O. Box 13786, K.C., Mo. 64199, or call 816-421-7941. 6 BANK SALES AND PURCHASES EDDIE A. WOLF Eddie Wolf Bank Sales 7202 Maple Drive, Dee Moines, la. 50322 Phone: 515/278-2271 Ag Banking Specialists Let us help w ith your career advancement or staffing needs. Call in confidence, without obligation. Employ ers pay our reasonable fee to hire the best. Financial Careers CEO for $60 million Independent bank In midwest. Excel lent opportunity for person with good track record............ ......................................................................... Salary $65,000. SENIOR AG OFFICER for major midwest correspondent bank. Must have ag loan experience In larger b a n k ............ ..................................................................... Salary to $42,000. TRUST OFFICER for $50 million bank In eastern Iowa. Must have law degree and two or more years experience . ........................................................ .........Salary to $30,000. P O S IT IO N S A V A IL A B L E COMMERCIAL LOAN OFFICER—2-3 years minimum ex perience required, excellent career opportunity. Contact either Larry Geislnger or John Bowen, Hawkeye Bank & Trust, Spencer, IA 51301 or call (712) 262-1940. (PA) INVESTMENT OFFICER—for small regional mid-western bank. Needs 10 years experience. Investment portfolio of $250 million. Must have excellent credentials. Salary com mensurate with experience. Contact file WDS do, North western Banker. (PA) SENIOR VICE PRESIDENT • LOANADMINISTRATOR— Reports to Bank’s Chief Executive Officer and Is respon sible for planning, organizing, and directing the Bank's overall lending operations. Must be knowledgeable In all facets of lending. Position has staff support of nine loan officers. Applicant must have excellent track record for se curing new business. Send resume and salary require ments, in confidence, to Personnel Officer, P.O. Box 1548, Minot, North Dakota, 58702. (PA) AG LENDER—$26 million S.E. Iowa bank needs experi enced Ag Lender to oversee loan portfolio. (PA) COMMERCIAL LENDER with three or more years experi ence for $75 million bank in midwest city of 100,000.......... ..................................................................... Salary to $35,000. Linda 515/394-5827 New Hampton, la. 50659 Jean 515/263-9598 ONIF) 712/779-3567 (M/T/TH) Massena, Iowa 50853 AG LENDER for $45 million bank In northern Missouri. Pre fer two or more years experience plus college degree — ..................................................................... Salary to $30,000. COMMERCIAL LENDERS for Illinois banks located In North & Central a re a s ...............................Salary to $35,000. 30/7 G4RERS, INC. FARM MANAGER for $160 million Illinois b an k.................. ........................... ................................. ..............Salary open. A 3 BANKING PERSONNEL SPECIALISTS AG LENDER for major Central Illinois b a n k ......................... ..................................................................... Salary to $35,000. -J #2 OFFICER for bank in university city.. . Salary to $42,000. BANK CONSULTING FOR LENDING Loan risk-rating, bank risk-rating, work-out loan assistance, documentation audit, training. 8 yrs. exp. loan review/loan offlcer/bank counsel. Daniel W. Hansen 3827 Llndlavlsta, Des Moines, la. 50310 Phone: 515-278-9174 COMMERCIAL MORTGAGE person for major multi-bank g ro u p ................................................................... Salary open. AUDITOR for $180 million midwest bank. CPA a-»- but not required............................................................ Salary $25,000. CASHIER w/some lending exp. for suburban bank In la----..................................................................... Salary to $30,000. CEO to head $10 million community bank. . . . Salary open. in PERSON for $100 million Illinois bank.Salary to $50,000. AG LENDER for $50 million Illinois bank. Salary to $35,000. BAN K IN G O PPO R TU N ITIES POSITIONS AVAILABLE Please call Malcolm Freeland or Cy Kirk In care of: NO. 2/8R LO—In profitable $60mm So IL non ag bank. Stock available. $35K. 2 • AG LENDERS - 2-5 years experience. N.C. and W. Iowa. S25-35K. Freeland Financial Service AG LENDER—to head $15mm ag dept, E. IA. $35K. SR. OPERATIONS OFFICER • All operations and cashier duties. E. Central Iowa. $90mm bank. To $45K. LOAN OFFICER— light lending experience, non ag $50mm IL bank. 323K. Contact Barbara J. Rltta at PROFESSIONAL RECRUITERS, INC. P.O. Box 24227 Omaha, NE 68124 1-800-225-2885, In NE (402) 397-2886 FOR S A LE NCR 775 16 POCKET, NCR 8271 COMPUTER, NCR 6420 PRINTER, NCR 670 CHECK SORTER, NCR 7121 MODEM, NCR CRT 796, NCR CRT C-7901. Call Randy or Ralph (712) 434-2289 (FS) 2 BURROUGHS L9000 POSTING MACHINES, 1 Auto Reader, 1 S1200 Burroughs 8 Pocket Proof. 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FOR FURTHER INFORMATION FOR THESE & OTHER POSITIONS RESPOND IN CONFIDENCE TO: KURT ROSENCRANTS AT (515) 244-4414 WORLD’S LARGEST BANKING, DATA PROCESSING & FINANCIAL SPECIALIST > 1 H1 M1 N H ROBERT WILF 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 ALL FEES COMPANY PAID PRESIDENT • Need experience as a CEO of a small bank. Position Is in a 825mm bank In Central Kansas, near Wichita. To 350K. CONTROLLER • CPA for a bank In E. Iowa. To 855K. 1010 Equitable Bldg. Dee Molnee, IA 60309 516/282-6462 Employer pays fee. BANKING SPECIALISTS LENDING • TRUST • OPERATIONS Richard L Seem, CPC GUMBERT EXECUTIVE EXCHANGE, INC. 11246 Davenport 8treet Omaha, NE 68164 Phone: 402/330-3260 Member National Personnel Associates We’re Nationwide ¿zHoidsx an d cz^hioaLatzs, 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. 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LYNCH STAFF MID-AMERICA, INC. 900 Commercial Federal Tower 2120 South 72nd Street Omaha, Nebraska 68124 (402) 391-2065 or (402) 895-1997 (Evenings) POSITIONS AVAILABLE AGRI-LOAN - senior lender for $40MM Ag Bank. Work out loan experience desired. $38K COMMERCIAL LOAN - middle management position with $100MM + suburban bank. Need two-four yrs. experience. $28K SECOND OFFICER • 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 In8tal. credits. $25K CREDIT OFFICER - develop and oversee credit dept, for growing suburban bank. Good advancement possibilities. $20K ALL INQUIRIES CONFIDENTIAL 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. 25 Northwsstsrn 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. Subscriptions $1.00 per copy, $18.00 per year. Second class postage paid at Des Moines, Iowa. Address all mall subscriptions, changes of address (Form 3579), manuscripts, mall Items to above address. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
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