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Vol. 9 No. 19
Des Moines, Iowa
ABA to Study White House Report
HEN the Banking Leadership
W
Conference is convened by the
American Bankers A ssociation
September 3-4 in Washington, D.C.,
this body of approximately 400
bankers is expected to have for im
mediate attention the White House
study on the geographic limitations
on banks and bank holding com
panies. The study was ordered two
years ago by Congress as part of the
International Banking Act of 1978
and was to have been completed and
released by last September. How
ever, it was delayed one full year and
the industry was notified it would be
ready for release this week. The re
port generally is expected to recom
mend changes in the present legal
situation, and these may permit
some form of interstate banking.
This report will contain only sug
gestions, not laws or even the text of
proposed legislation. Congressman
Fernand J . St. Germain (D -R.I.),
chairman of the financial institu
tions supervision, regulation and in
surance subcommittee, has an
nounced that he will conduct “over
sight” hearing on interstate bank
ing commencing in mid-September.
The ABA has said it will monitor
closely all activity in Congress and
in the regulatory system.
Members of the Banking Leader
ship Conference, as they convene
this week in Washington, are well
aware of the preliminary inform -
ation and generalities of the White
House study that have been dis
cussed by White House and regula
tory staffers at banking conventions
this year. That study has centered
on what should be the role of federal
law in dictating banking’s share of
the financial marketplace. The
study has delved especially into
three federal laws:
1. The Glass-Steagall Act of
1933, which forbids banks to under
write government securities or in
vest in corporate stocks.
2. The McFadden Act, which
prohibits interstate branch banking
and leaves to the states whether to
permit or restrict branching within
the states.
3. The Douglas Amendment of
1970 to the Bank Holding Company
Act of 1956, which placed further re
strictions on multi-bank holding
companies—basically prohibiting
expansion across state lines.
Although the Glass-Steagall Act
excludes banks from the investment
side of the financial market, large
brokerage houses have taken ad
vantage of the lack of federal regu
lation of their industry by providing
some “banking services.” The most
notable of these, of course, is the
money market mutual funds, which
were permitted to drain off $60
billion of deposits from banks and
savings and loans during the recent
high-interest rate surge, by offering
September 1,1980
customers higher rates than regu
latory authority permitted the fi
nancial industry to offer. Most of
the funds offer a transaction
account feature, thereby encourag
ing investors to think of them as
checking accounts with interest.
The federal government has failed to
regulate this field, thus permitting
such funds to siphon $60 billion
from the financial industry charter
ed by federal and state law to furn
ish lending to the private and busi
ness sectors.
If ABA achieves the Glass-Steagall changes it seeks, commercial
banks could underwrite securities
and offer commingled agency ac
counts, a privilege now held only by
investment institutions. Those in
stitutions, which set up the money
market mutual funds, now protest
such a move by banks.
Harmony does not exist in the
ranks of commercial bankers re
garding the possible repeal or
amending of the McFadden Act and
the Douglas Amendment. The Inde
pendent Bankers Association of
America opposes the moves as detri
mental to the existence of thousands
of smaller banks in the nation. Some
larger regional banks aren’t con
vinced that more permissive activ
ity would bode well for them as they
consider the prospect of “the top
10” banks expanding nationwide
into their own back yards. One
regional bank, for example, is
known to be gearing up for expected
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Central National Bank & Trust Com pany
DES MOINES • MEMBER FDIC • TOLL FREE NUMBER (800) 362-1615
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Federal Reserve Bank of St. Louis
m â m
ì-UrìKi - . !
Eddie A. Wolf, Sr. V ice President
2
changes in both laws so that it can
be in a position to take advantage of
the changes by expansion, or be a
prime target of acquisition at a
favorable price by one of the giant
holding companies.
The Association of Bank Holding
Companies has appointed a 34member “blue ribbon” group to im
plement the Association’s policy to
permit bank holding companies to
cross state lines to consolidate with
other bank holding companies in
contiguous states.
Citicorp of New York and Bank of
America in San Francisco both have
announced in recent days their in
tention to consolidate their Edge
Act offices nationwide into one unit
within each institution and operate
the existing offices as branches
under the new subsidiary, which
would position them for immediate
branching if such changes should be
authorized.
Citicorp last March signed a con
tract to inject $12 million capital
into Central National Bank of
Chicago to assist that bank. In ex
change, it received $12 million of
nonvoting preferred stock of Central
National Chicago Corp., the parent
company, and also was granted a
15-year warrant to buy $12 million
of common stock if restrictions on
branch banking are lifted. In midAugust, Central National Bank an
nounced it had worked out a feebased contract with Citicorp for one
of its subsidiaries, Service Manage
ment, In c., to take over and manage
C cd ia
BANKERS’
BANKER
1-800-362-1688, toll-free in Io w a
Ben Eilders
Correspondent
Banking Department
Bankers
“ « T r u s_uu
t
Des Moines, Iowa 50304
Member FDIC,
Federal Reserve
System
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
the Chicago bank’s entire operat
ions division. This would be effect
ive January 1, at which time 185
Central National operation em
ployes would be transferred to the
Citicorp payroll through the sub
sidiary.
□
Iowa News
The Iowa Bankers Association
will hold its Junior Bankers Cohference, titled “Future Shick,” Sep
tember 9-10 at Howard Johnsons
Merle Hay Motel, 4800 Merle Hay
Road, Des Moines. The meeting is
sponsored by the Iowa Junior Bank
ers Association. John Shrystal will
open the Tuesday morning p r o g r a m
with a keynote speech. He is presi
dent, Iowa Savings Bank, Coon
Rapids. Les Peterson, president,
Farmers State Bank, Trimont,
Minn., will discuss Internal/External Education. A report on the
A BA ’s Personal Economic P r o g r a m
(PEP) will precede the noon lunch
eon, at which officers will be elected
by the IJB A .
A panel of Iowa bank presidents
will discuss the future of junior bank
officers. They are Don Runger,
Jasper County State Bank, Newton;
Bob Wede, Goose Lake Savings
Bank, and Earl Underbrink, First
National Bank, Fort Dodge. Cath
erine Hayden of Financial Shares,
Chicago, and Ned Chiodo, House
commerce committee ranking mi
nority member, Des Moines, will
close out the afternoon session.
On Wednesday morning, dele
gates will hear from Terry Heineman, Morris Massey and Associ
ates, Boulder, Colo., and Frank
Severino, associate director, Iowa
Health Systems Agency. Adjourn
ment is at noon.
CLEAR LAKE: Elgin Morris has
been advanced to president of Com
munity State Bank from his former
position of executive vice president.
Barbara A. Miller now is assistant
cashier and Mama Knutson is oper
ations supervisor.
FORT DODGE: Central National
Bancshares, Inc., parent company
of Union Trust & Savings Bank
here, says a $12 million lawsuit
against Daniel B . Stephenson, Fort
Dodge, the Union Trust and others,
“will be vigorously defended by the
bank.” Iowa Premium Service Com
pany, Inc., Des Moines, the plain
tiff, alleges, among other things,
that the bank “diverted” checks
issued by the plaintiff to Stephen
son Insurance Agency, a partner-
if
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Bob Buenneke
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Member FDIC An Affiliate of Northwest Bancorporati
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Banco
ship in which Mr. Stephenson held
majority interest, into the account
of D. B . Stephenson doing business
as D .B. Stephenson Insurance
Service Company, and that the
bank “aided and abetted Daniel B.
Stephenson in the commission and
perpetration of fraud.” Plaintiff
asks the court for a constructive
trust upon certain real property
allegedly acquired with funds de
rived from fraudulent insurance
premium contracts obtained by
plaintiff through Stephenson Insur
ance Agency, and that plaintiff’s
claim on the property (a shopping
center) be determined to be superior
to the lien of a mortgage held by
Union Trust securing indebtedness
of approximately $900,000.
Central N ational B an csh ares
officials state that based upon in
formation to date, counsel for Union
Trust has advised them “that Union
Trust appears to have meritorious
defenses to the claims asserted in
the action.”
GLADBROOK: A hearing was held
1'Opportun ityr.
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Bank
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Federal Reserve Bank of St. Louis
Northwestern Printing & Publishing Co.
306 - 15th Street
Des Moines, Iowa 50309
Phone(515)244-8163
4
ASK
TERRY MARTIN
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
by the Iowa banking board August
20 on the application of Security
Savings Bank Marshalltown ($88
million deposits) to acquire State
Bank here ($2 million deposits) and
retain a Gladbrook office. Marshall
town Savings & Loan recently re
ceived approval to open an office
here.
G UTHRIE CENTER: J . Ike Vandevanter, 70, one of the original em
ployes of Guthrie County State
Bank when it was founded in 1931,
died August 26. Mr. Vandevanter
served the bank 49 years as a direct
or and officer, retiring from the
latter position five years ago.
ROCKWELL CITY: The Federal
Reserve Board granted permission
August 19 for First National Co. of
Storm Lake to purchase the Na
tional Bank of Rockwell City. The
sale will be consummated in
September. First National Co. owns
Citizens First National Bank, First
Leasing Co., and Citizens Credit
Corp (an ag corporation), all of
Storm Lake. James L. Patton,
assistant vice president at Citizens
First National, has been nominated
for board approval as president at
Rockwell City. E arlB . Lemen, long
time president at National Bank
here, plans to retire, but will con
tinue on the new board.
SIO UX C IT Y : Directors of Security
National Bank have announced six
promotions: Vice presidents—Dan
iel G. Augustine, in charge of bank
operations, and Jerry W. DeFrance,
bank administration. Stephen J .
Hatz was named senior correspond
ent bank officer. Charles D. Dorn to
data processing operations officer,
Keith J . Knapp to information sys
tems officer, and Thomas J .
Hromatka to operations officer.
TIN G LEY: A decision is expected
this month on the application of
Tingley State Savings Bank on its
application to move to Mt. Ayr, 10
miles away, and retain an office in
Tingley. The population of Mt. Ayr
is approximately 1,800 and present
ly has Security State Bank with
about $30 million assets. The Ting
ley bank has about $11 million
assets and is in a town of 300
persons. The Iowa banking depart
ment held a hearing in its offices re
cently. The Fed also must give
approval, since Tingley State Sav
ings is held by a one-bank holding
company.
A
UNITELLER DRIVE-UP UNITS
for sale or lease
NICHOLAS ASSOCIATES
4361 LAFAYETTE AVENUE
OMAHA, NEBRASKA 68131
4 0 2 -5 5 3 -4 4 5 9
Architecture
Engineering
Construction
Marshalltown, la., will give the key
note address at the opening banquet
Sunday evening. Steve Falken,
president, Dealing with Change,
Inc., Sands Point, N .Y., will open
the Monday morning program,
followed by a recap of The NBA In
tern Program featuring Kathy Votaw, correspondent bank officer at
First National Lincoln, and Bemie
Moore, executive vice president,
Dakota County State Bank, South
Sioux City. A workshop will close
the session before noon luncheon.
Jim Roberts, president, Commerce
Cattle Co., Lincoln, and D. D. Riblett, chief of Farmer Programs At
FMHA, Lincoln, will speak in the
afternoon. Tuesday morning, E .
Mickey Stewart, director of the
Nebraska Dept, of Agriculture, and
Sen. Maurice Keremer, Aurora, will
speak, followed by a second work
shop. Art Holst, NFL referee,
Peoria, 111., will address the closing
luncheon.
Registration at $100 each is limit
ed to the first 125 enrollees.
Nebraska News
The Nebraksa Bankers Associ
ation will conduct its 1980 Ag Credit
Symposium September 14-16 at
Lincoln Hilton Hotel. Tom Smith,
president, Fidelity Brenton B&T,
Estate Appraisals
Purchase off Collections
Sale off Rare Coins
We’re people you can
turn to for investments.
For investment services, data processing, ag lending
and overlines . . . we’re the people you can turn to.
We’re more than western Iowa’s largest bank.
We’re people.
712/277-6526
SECURITY N A TIO N A L B A N K
IN SIOUX CITY, IOWA. M EM BER F.D .I.C .
Used by bankers
throughout the midwest
© 1980 Security National Bank
<»
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Ben E. Marlenee Coins
Stephen J. Hatz
Sr. Correspondent Bank Officer
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Federal Reserve Bank of St. Louis
Reliable and respected service
for over 20 years
913 Locust
Des Moines, Iowa 50309
515-243-8064
V
Supplement to Northwestern Banker Newsletter 9-1-80
P.O. Box 6129 E.D.M. Sta., Des Moines, Iowa 50309
Telephone (515) 244-2463
ñl
September 1,1980
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Dear Iowa Banker:
Iowa Public Records Search publishes a twice-monthly Bulletin listing all
documents filed with the Uniform Commercial Code Division of the Office
of the Secretary of State of Iowa. This report includes name of debtor,
secured party, file number, date and hour of filing, and type of document.
The information contained in this report tells you if your filings have been
filed properly, and if they have been filed as you requested. This service
will also inform you as to the activities of other creditors within your
service area.
You may write for a complimentary copy of the Bulletin for any
county. The monthly cost of this report is as follows:
Polk County ................................................................................................$30.00 monthly
Black Hawk, Linn, Scott and Woodbury ................................................. 28.00 monthly
Cerro Gordo, Clinton, Des Moines, Dubuque, Johnson, Lee,
Pottawattamie, Story, Wapello, Webster, Wright ................................. 12.50 monthly
All other8 3 counties .................................................................................. 10.50monthly
This can be paid on an annual or quarterly basis. As a subscriber to the
Bulletin service, you are also entitled to utilize the other services of this
Company which are more fully described in the schedule of services on back.
You will find a subscription card for your convenience below.
If we may be of service to you or if you have any questions concerning
our Bulletin, please feel free to call our direct line in the UCC Division
of the Office of the Secretary of State. The telephone number is 244-2463.
Sincerely yours,
-t
IOWA PUBLIC RECORDS SEARCH, INC.
an
Elaine B. Bump
Vice President
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I am interested in the UCC Loan Activity Bulletin.
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□ Please start my subscription for the following county(ies)-----------------------------------------------□ Please send a sample copy for the following county(ies)---------------------------------------------------
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Federal Reserve Bank of St. Louis
515/ 244-2463
IO W A
P U B L IC
R EC O R D S
P.O. Box 6129 E.D.M. Sta., Des Moines, Iowa 50309
S E A R C H , IN C .
Telephone (515) 244-2463
CORPORATE SERVICES
NAME AVAILABILITY—
CORPORATE SEARCH—
To determine whether suggested corpo
rate name is available (at State or National
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All information appearing on Corporate
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STATE (DOMESTIC) LIEN INFORMATION—
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on business loans; by telephone while
you wait.
Lien information on consumer goods;
same day service.
STATE (FOREIGN) LIEN INFORMATION—
FILINGS—
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where UCC is in effect (others by county).
Personal handling of your filing with con
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FEDERAL & STATE TAX LIEN SEARCHES—
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OTHER COUNTY SERVICES
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5
LINCOLN: Robert E . Harris has
resigned as executive vice president
at First National Bank & Trust Co.
here to accept appointment as exec
utive vice president of the Oklahoma
Bankers Association, Oklahoma
City, effective September 151 He
was executive vice president of the
Nebraska Bankers Association until
resigning August 1, 1979, to join
First National.
Minnesota News
BU RN SVILLE: Arthur I. Nelson,
president, First Burnsville State
Bank, has announced the election of
Shirley Sturgeon and Clare Segna to
operations officer.
MINNEAPOLIS: J . Bruce Jacob
son has resigned as senior vice presi
dent of First National Bank of
Fargo, N.D., to become senior vice
president of the lending division of
C entral Northw estern N ational
Bank here, effective today.
M IN N E A P O L IS: Northwestern
National Bank opened a full-service
banking facility August 29 at 48th
and Chicago Avenue, according to
C. Paul Lindholm, senior vice presi
dent and head of Northwestern’s
consumer and offices banking
group. The temporary facility at
4730 Chicago Avenue will be replac
ed by a new office after an early
groundbreaking date.
Montana News
The Montana Bankers Associ
ation will conduct NOW Account
Seminars September 23 at the
Northern Hotel in Billings and Sep
tember 24 at Coach House East in
Helena. Each meeting will begin
with 8 a.m. registration and break
fast, an overview starting at 9 a.m .,
and a two-part morning program
covering A Planner’s and Market
er’s Viewpoint and Operational Con
siderations. After luncheon there
will be a Financial Analysis presen
tation, followed by a session
S >
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$
Call our
Bond
Department
For up-to-the-minute,
accurate information
addressing Common Questions and
Concerns About IBTA s. Adjourn
ment is at 3:30 p.m.
North Dakota News
BISM ARCK: Warren DeKrey has
been appointed president and chief
executive officer of the Dakota
Northwestern Bank here. A. Ned
Mayer, current president and chief
executive officer, was named chair
man of the board. Both appoint
ments are effective today, Septem
ber 1. Mr. DeKrey was most recent
ly vice president-banking business
group at the corporate headquarters
of Northwest Bancorporation, Min
neapolis.
Illinois News
The 34th Annual Ag Credit Con
ference of the Illinois Bankers
Association will be held September
17-18 at the Ramada Inn, Cham
paign. The complete program
appears in the August Northwest
ern Banker.
CHICAGO: Richard M. Pollack has
been promoted to executive vice
president, and Edward F. Berkheimer Jr . to senior vice president of
the Sears Bank and Trust Company.
Mr. Pollack heads the bank’s in
vestment division, and Mr. Berkheimer is in charge of the inform
ation system s and operations
divisions.
Tom Steffens
Vice President
234-2462
Terry Mercurio
Vice President
234-2458
BRITTON: Frank Farrar, who had
previously offered to acquire 85 % of
a new holding company in Mission,
Kan., to acquire the ailing Mission
State Bank & Trust Co., withdrew
his offer after the Kansas bank com
missioner ordered the bank closed.
The previously agreed upon level of
$6 million new capital was upped to
$7.5 million, so Mr. Farrar with
drew his application. A Kansas
banking group paid about $10.5
million for the remaining $79 million
deposits.
Wyoming News
The Wyoming Bankers Associ
ation will sponsor with the Federal
Reserve Bank of Kansas City four
meetings around the state discuss
ing the outlook for the economy the
balance of this year and in 1981.
These discussions will encompass
developments in agriculture, busi
ness and finance. Participating in
the meetings will be three econom
ists from the Kansas City Fed: Dr.
Glenn H. Miller Jr . , vice president,
and Dr. Marvin Duncan and Dr.
Carl Gambs, assistant vice presi
dents. Wayne Martin, senior vice
president in charge of the Denver
Fed branch, will be forum chairman.
Meetings will be: Casper, Sept. 29;
Therm apolis, Sep t. 30; Rock
Springs, Oct. 1, and Cheyenne, Oct.
2.
Jim McLaughlin
Tony Paugoulatos John Henderson
Asst. Vice President Asst. Vice President Vice President
234-2673
234-2647
234-2463
{^ 1 C o m m e r c e BANK o f Kansas C ity
Member FDIC
7
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Federal Reserve Bank of St. Louis
South Dakota News
10th and Walnut
Rusty Reese
Bond Representative
234-2674
(816) 234-2000
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SERVING PROFESSIONALLY
PARTIAL LIST OF
Banking, Financial & Business Personnel
Iowa and Nationwide
AVAILABLE POSITIONS
LENDING— Rural Iowa bank. Handle installment
loans and collections. Also some ag lending. Must be
able to work on own. $15,000.
CAPITAL PERSONNEL SERVICE
Please Contact: J. Mason Henry
Charles E. Walters Co., Inc.
714 Central National Bldg. 515-283-2545
Des Moines, Iowa 50309
P.O. Box 1313, Omaha, Nebraska68101
Phone: (402)553-6400
Insurance for
Financial Institutions
Automated Systems of Iowa, Inc.
301 N. Ankeny Blvd., Suite 220
Ankeny, la 50021
515-964-1358
W ANT ADS
Rates 50 cents per word per insertion.
Ad $2 for file numbers. Identity of file
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Payment in advance, please.
NORTHWESTERN BANKER
306-15th St., Des Moines, Iowa 50309
VP— Be responsible for entire loan portfolio of small
ag bank. Must know lending regulations. Lending is
the key to this spot; other bank experience a plus.
$16,000.
AG BANKING CAREERS
OPERATIONS— South Dakota bank needs operations
officer. Supervise bookkeepers and tellers. W ill
handle all reports. $17,000.
AG LENDING R E P ... Io w a ............................ $17-18,000
CREDIT M A N A G E R ...O h io ..........................$23-25,000
OPERATIONS— Assistant to operations officer in
large Iowa bank. Must have operations experience, be
aggressive and prospect-oriented. W ill supervise 15.
$23,000.
AG LENDING O F F IC E R ... SE M inn........... $16-18,000
LOAN O F F IC E R ... Io w a ................................ $15-20,000
CREDIT SUPERVISOR ... Ohio ................... $17-21,000
AG LOAN R E P ... Iowa .................................. $20-25,000
EVP— #2 position in Minnesota bank. Lending is com
mercial with some ag. Must have experience in all
areas. Equity potential for right person. $28,000.
Since 1968, banks and other ag-related employers
have been paying us to find the personnel they need.
TRUST OFFICER— Iowa bank is establishing new de
partment. Must be experienced in trust area and be
able to set up a department. $26,000.
For more information, give Linda (our banking spec
ialist) a call today.
AG LENDER— Real opportunity for person with 2 +
years experience. W ill do all ag lending for eastern
Iowa bank. Bank wants person that can make
decisions and operate on own initiative. $22,000.
3 C jn C4REERS, INC.
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AGRICULTURAL
PERSONNEL
FOR MORE INFORMATION
RESPOND IN CONFIDENCE TO:
RECRUITERS
Bank Division
(515)394-3145_____________ New Hampton, IA 50659
ROBERT HALF
POSITION AVAILABLE
POSITION WANTED
Ag Lending Officer, with 5 to 10 years experience and
ag degree (or farm background), wanted by central
Illinois bank. Vice president position with real poten
tial for advancement.
CEO in midwest community bank seeks new oppor
Trust Officer needed for $16 million central Illinois
perience and locations. Salary requirements from
$18,000 to $25,000.
bank.
Second Man Position in Iowa community bank. Salary
$25,000 to start. Must have ag lending experience and
general operations knowledge.
Auditor, with CPA or bank auditor degree, wanted by
$45 million Iowa bank.
Write or call Malcolm Freeland, Freeland Financial
Service, Inc., 306 Fifteenth Street, Des Moines, Iowa
50309. Phone (515)244-8163. Employer pays fee. (PA)
COMMERCIAL LOAN OFFICER— Looking for oppor
tunity? We are looking for an experienced commercial
lender! Candidate has 3-5 years commercial loan ex
perience, good credit analysis abilities and proven
customer relation skills. Become a member of a $430
million bank in Sioux Falls, S.D. Salary, benefits and
career opportunities are extremely attractive— for the
right individual. Send resume and salary history to:
Steve Johnson, personnel officer, Northwestern Na
tional Bank of Sioux Falls (Banco), Box 1028, Sioux
Falls, SD 57101.
________ Equal Opportunity Employer M /F /H
(PA)
Immediate opening for a second position officer in a
$13 million south-central Minnesota rural bank. Must
have strong ag lending background with good know
ledge of all bank lending and operations. Send resume
and salary requirements by September 15 to M. W.
Smith, Peoples State Bank, Wells, MN 56097.
(PA)
UPDATE YOUR ALARMS
Special on 35mm auto cameras.
Check with us first BEFORE making a
purchase.
SECURITY SYSTEMS, INC.
3920 Delaware
Des Moines, IA 50316
[515)265-1161
y
ALL F E E S COMPANY PAID
tunity. Proven track record and top references. Prefer
growing bank under $30 million. Investment optional.
POSITIONS AVAILABLE
Instalment Loan Officers with varying degrees of ex
Trust Officer in $100 million bank wants new position
where he can use 20 solid years of management exper
ience.
Operations Officers with excellent experience will
relocate in upper midwest.
Ag Lending Officers available from $18,000 to $25,000.
Write or call Malcolm Freeland, Freeland Financial
Service, Inc., 306 Fifteenth Street, Des Moines, Iowa
50309. Phone (515)244-8163. Employer pays fee. (PW)
FOR SALE
FOR SALE
NCR 775 proof machine; 4 pocket— $7900. Additional
pockets available. Maintenance will transfer.
Burroughs TR-102 electronic teller machines; 2-3
years old. Upgradable to on-line. Guaranteed. $995
each.
Burroughs TR-101 electronic teller machines. $795
each.
NCR 152-70 teller machines. Completely recondition
ed. Guaranteed; 15 days free trial. $595 each.
NCR 490 desktop check encoders. Full-field. Guar
anteed. $795 each.
Call (214) 757-7760
(FS)
12’x40’ mobile home converted for use as temporary
banking facility. Night drop and drive-up window in
stalled; good teller counter. Furnace with central air;
Available immediately. ALSO, 6’x9’ remote drive-up
building with heat and air conditioning. Call (319)
291 -5429 or (319) 291 -5468.____________________ (FS)
Saxon Bond Copier. $800. Call (515) 245-7222.
(FS)
Burroughs check protectors. Call (512) 258-7101 for
model number and price.______________________ (FS)
1977 Burroughs L6300 electronic posting machine.
Split 15” platen, dual pinfeed. Upgradable; maintenance transferable. Call (507)387-3106.__________ (FS)
of iowa, inc.
317 6th Ave.
Des Moines, IA 50309
(515) 244-4414
CEO— Suburban Iowa bank. Positions requires
previous administrative experience, de
gree and solid commercial loan back
ground........................................................$45,000
AGRI LOAN— Second position in ag depart
ment of $85MM bank. Degree desired
and three to four years lending experi
ence.............................................................. $20,000
OPERATIONS— $30MM suburban bank with
progressive management team seeks
results oriented operations officer for
senior position........................................... $25,000
CASHIER— Rural bank within 10 miles of larger
community. Position is second position
with duties including ag and installment
loans............................................................. $20,000
PRESIDENT— Retail oriented Rocky Mountain
bank. Must have strong administrative
skills and ability to handle “work out”
loans. ........................................................ $30,000
EXECUTIVE VICE P R E S .-$ 5 0 M M bank in ex
cellent rural area. Degree and five to
seven years of solid ag lending experi
ence.............................................................. $35,000
SECOND O FFICER— Excellent opportunity
with small holding company affiliate in
Rocky Mountain state. Prefer commer
cial and in s ta llm e n t loan back
ground.......................................................... $20,000
m
OPERATIONS— Rural bank situated in north
western Missouri. Position requires
some knowledge of lending pract
ices.............................................................. $20,000
Many otherfine opportunities available in midwestern
states for experienced bankers. Salary history and
resume requested.
TOM HAGAN & ASSOCIATES
OF KANSAS CITY
2024 Swift / P.O. Box 12346
North Kansas City, Missouri 64116
_______________Phone (816) 474-6874
CALL ON THE “PERFORMANCE TEAM ”
where comm on transactions are handled uncommonly well.
FIRST NATIONAL LINCOLN
13th & M Street • Lincoln, Nebraska 68501 • Member, F.D.I.C.
Vol. 9 No. 19 Northwestern Banker Newsletter [USPS 873-300] is published weekly by the Northwestern Banker Company, 306
Fifteenth Street, Des Moines, Iowa 50309. Subscriptions 25 cents per copy, $8.00 per year. Second class postage paid at Des Moines,
Iowa. Address all mail subscriptions, changes of address [Form 3579], manuscripts, mail items to above address.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
y
@FedFRASER