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• Vol. 11 No. 21 Des Moines, Iowa Feds W ant Reports on Problem Loans a brief hassle with David A FTER Stockman’s Office of Manage ^ 0 # # • • • ment and Budget, which is supposed to review regulations issued by ex ecutive agencies of the federal gov ernment, the federal regulators and OMB struck a compromise on tim ing of the newly-formed regulations that will require additional repor ting in call reports. The Federal Financial Institutions Examination Council proposed new rules during the summer (prior to the Penn Square debacle) which were aimed at disclosing more infor mation about the financial condition of each bank, and on a more current basis (quarterly) than is available presently through the more routine exams conducted about every 18 months. A major hassle developed be tween the FFIEC and the banking industry when that body failed to abide by the closing date it set for comments from interested parties. Previously, FFIEC had selected a July date for closing comments, but at the request of industry groups for proper time to submit accurate data, that comment period was extended to Monday, August 30. The Amer ican Bankers Association and Inde pendent Bankers Association of America both had planned to have official comments from their two groups in the hands of the FFIEC by the announced closing date. However, the regulatory council arbitrarily ignored the cutoff date and announced its new regulations August 25, five days early, without giving either ABA or IBAA the op portunity to have their positions heard. The regulation for phase one of the proposed three-phase changes went to OMB, which objected, and the above reviewed compromise then was agreed upon September 7. All that was accomplished, actually, was to delay until December 31, 1982, the startup of the first repor ting change. The three-step changes include these: 1. Reporting data quarterly from Schedule K, starting with December 31, 1982. This would require infor mation on past-due loans, non-accru ing loans, renegotiated loans, and lease financing receivables past due. Effective date would now be Decem ber 31, 1982, and effective date for public disclosure of general informa tion on categories of problem loans and degree to which they are over due would now be June 30, 1983. 2. Reporting data quarterly from Schedules J and L, starting with March 31, 1983. Schedule J reports ostensibly would furnish the agen cies with rate sensitivity informa tion and changes. An ABA spokes man said this information already is available in practically all banks September 13,1982 because any sound bank manager has such information for his own use. ‘ ‘What it does is force banks in to a formal asset/liability manage ment situation,” the spokesman said, “ but the problem is that while banks have this information now, it is not necessarily in the same form that the FFIEC now wants it. The March 31, 1983, compliance date just does not allow enough time for such compliance. The cost is consid erable for many banks.” He added that “ banks are not reluctant to give needed information to regulators so they perform their duties properly, but they do object to the additional public disclosures which can be misinterpreted.. ” 3. Further changes, not yet writ ten, would be imposed and become effective with reports filed March 31, 1984. ABA and IBAA reacted strongly to the arbitrary violation of the com ment period cutoff date of August 30. IBAA in its Washington Weekly Report of September 3 stated that 700 letters in opposition had been filed with FFIEC before the feds promulgated the rules anyway, but they were ignored. IBAA also points to “ One particularly objectionable feature of the Council proposal (which) is public availability (upon request) of past due loan informa tion-inform ation whose highly technical nature could easily be mis construed by non-bankers or the ASK JERRY TRUDO to make MNB work for you. Toll free: 1-800-332-5991 Merchants National Bank isi ■Member F.D.I.C. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A 'BANKS OF IOWA’ BANK 2 C o m e to us w e’re first in Iow a because w e p ut Iow a firs t. An Affiliate of Northwest Bancorporation Member FDIC media. Public disclosure is the stuff of consumer-oriented policy issues, not proposals which purport to ad dress the supervisory needs of reg ulatory agencies.” An ABA spokesman told the N o rth w estern B a n k e r on Sep tember 8 that ABA objects on three counts: 1. Cost to banks. 2. The limited time frame which banks have in which to implement the new regulations. 3. The detrimental ef fect of public disclosure due to po tential misunderstanding of what the reported figures actually mean. The spokesman also said the FDIC has agreed to work with an ABA Task Force in implementing its reg ulations to make them as easy and as palatable as possible for banks. □ T a I IcC 1 \ Ji I 9 r* R o b ert Scott, O O O Correspondent Danker Banco Call (515) 245-3131 or toll-free (800) 362-2514 Henson is chairman. Mr. Gergen joined American Federal in May, 1981, after serving three and onehalf years as president of University Bank & Trust, Ames. DES MOINES: Under a federal judge’s order, Hawkeye-West Bank and Trust of Des Moines will have to cut out the “ West Bank” portion of its name. It was ruled that the bank’s name infringes on the West Des Moines State Bank’s “ West Bank” trademark. Hawkeye-West must destroy all documents bearing the “ West Bank” phrase and must file a plan by Sept. 13 detailing its compliance with U.S. District Judge Harold Vietor’s order. KEOKUK: Chris J. Pappas will join State Central Savings Bank October 1 as executive vice president, it was Iowa News announced last week by William ANKENY: Kenneth W. Keniston Logan, president. Mr. Pappas for has been named president of the merly was senior vice presidentAnkeny National Bank, purchased commercial loans at Bankers Trust recently by Hawkeye Bancorpora Company, Des Moines. tion. Mr. Keniston was formerly vice president at the State Bank & Trust Company, Council Bluffs, also a Nebraska News member of Hawkeye Bancorpora DONIPHAN: Steve Beachler, presi tion. dent of the Bank of Doniphan, has DES MOINES: Paul Gergen has re resigned to become president of Cen signed, effective September 15, as tury Management Corporation, a executive vice president of Amer new company to be located in Grand ican Federal S&L here. On that date Island. Prior to serving as president he will become co-chairman of Kan in Doniphan, he served another sas American Bank (formerly Mark Grand Island bank for 18 years in Plaza State Bank) in Overland Park, the marketing, correspondent bank Kan., a Kansas City suburb. Jim ing and investment fields. Provider of Executive Perquisites to Officers of Financial Institutions If the banking giants were to move into your town tomorrow, how would you fare? Call us to learn how to take care of you and your future...no matter who owns the bank! The Coughlin Organization William J. Coughlin F.L.M.I. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis "Opportunity 913 M idland Fin ancial Bldg., Box 1296, Des M oines, IA 50305 Phone 515-244-0856 Iow a WATS 1-800-532-1145 OSCEOLA: The First National Bank has announed the promotion of Royce Schaeffer to vice president and Janet Neujahr to cashier. Ms. Neujahr replaces Sue Greenwood who recently resigned. Minnesota News HAYWARD: Farmers State Bank of Hayward has changed its named to Americana State Bank of Hay ward, effective September 2, accor ding to Michael J. Pint, commis sioner of banks. MINNEAPOLIS: James S. Doak has joined First Bank as a vice presi dent and senior equity officer in the asset management department. He is currently head of the equity re search division. MINNEAPOLIS: Robert E. Dahl has joined Northwest Bancorpora tion in its loan administration divsion as vice president, loan pool manager, a new position. 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Cedar Rapids, Iowa 52405 (319) 366-6000 Offices 312 South Floyd Suite 309 Sioux City, Iowa 51101 (October 1st) CALL ON THE “PERFORM ANCE TEAM 199 where com m on transactions are handled uncomm only well. FIRST NATIONAL LINCOLN 13th & M Street • Lincoln, Nebraska 68501 • Member, F.D.I.C. MINNEAPOLIS: Donald L. Sodman has been elected vice president in the individual marketing, in dividual services department, and James S. Carlock was elected vice president in the loan administration department of Northwestern Na tional Bank. ST. CLOUD: John Herges and Mike Cleland have been named vice pres idents in the commercial loans de partment of the First American Na tional Bank. Mr. Herges was also named manager of that department. He takes the place of Warren Wil liams, who recently was named pres ident of Citizens State Bank of Brainerd. ST. PAUL: Joseph R. Kingman III will become president and chief oper ating officer of American National Bank, effective October 1. Mr. Kingman most recently served as vice chairman of First Bank-Minneapolis. James W. Reagan will con tinue as chairman and chief exec utive officer of American National Bank and president and chief ex ecutive officer of American Bancorporation, Inc. ST. PAUL: The board of American National Bank and Trust Company recently announced the promotion of Ernest W. Jensen to vice president, credit review. South Dakota News MITCHELL: Boyd D. Hopkins, Jr., has been elected president and chief executive officer of Live Stock State Bank. He succeeds Boyd B. Hop kins, Sr., who has been elected chair man. He had served as president since 1961. Boyd Hopkins, Jr., join ed the bank in 1972 and has served as executive vice president since that time. SIOUX FALLS: Allan M. Severson was recently elected president, chief executive officer and director of the Northwestern National Bank. Mr. Severson, currently serving as presi dent and chief executive officer of the First National Bank of Aber deen, fills the position vacated by C.P. “ Buck” Moore, who recently was appointed region 6 president of the Northwest Bancorporation. Mr. Moore will remain as chairman at Northwestern National. ^ AG BARKING SPECIALISTS' SINCE 1968 (515)394-3145 NEW HAMPTON, 1A 50659 (712)779-3744 MASSENA, 1A 50853 Son CAREERS, INC. ^ ^ ^ J ^ H ^ R IG IN A L J V G m C U ^ U R A I^ E C R U rT E ^ ^ become president of the Wyoming Bank of Rawlins. Mr. Tempelman joined the bank earlier this year as assistant vice president and man ager of direct lending. CHEYENNE: Floyd H. Irlheck has joined Wyoming Bancorporation as vice president-operations admin Montana News istration. He will report to Ralph L. MISSOULA: Joseph J. Friend has Owen, senior vice president. He pre been elected acting president of Mis viously was with Omaha National soula Bank of Montana, and Ed Bank from 1971-1982. Campbell was elected vice president and chief credit officer. Mr. Friend re JACKSON: Jackson State Bank has places Ronald F. Bloomquist, who re announced the naming of John W. cently resigned after having served Graves as vice president in charge of as president of the bank since 1974. the real estate loan department. He brings with him to the bank 14 years VALIER: Alan L. Pearson was of experience in real estate. recently elected president of Valier Bank of Montana. A native of Fair- JACKSON: Mel Hutchings has field, he entered the banking in resigned as president and as a direc dustry in 1975 at Citizens Bank of tor of First Wyoming Bank, N.A., Montana in Havre and has been ser Jackson Hole. He joined the bank in ving as vice president and agri 1971, the year the bank opened, and culture department manager of that has served as president since 1975. Glenn Deming has been named exec bank since 1980. utive vice president and director, to Wyoming News replace Mr. Hutchings. A veteran of CASPER: It was recently announced 16 years in the banking business, that Richard Tempelman has been Mr. Deming served 10 years with elected to the position of vice presi First National Bank of Black Hills, dent and manager of the Wyoming Rapid City, S.D. He joined First National Bank instalment lending Wyoming Bank in Sheridan in 1978 department. He replaces Tom as senior lending officer and trans Grove, who will be leaving Wyom ferred to First Wyoming in Casper ing National Bank of Casper to in the same position. SPRENGER, ROWLAND AND Getting MESSINA it done for you. ^ Bill Sprenger Frampton Rowland John Messina 234-2625 234-2485 234-2486 CommerceBank KansasatyM https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis MEMBER FDIC T elephone (816) 234-2000 " WANT ADS Rates are $5.00 per line per insertion. Add $3.00 tortile letters per insertion. Identity of file letter advertisers cannot be revealed. POSITION AVAILABLE WANTED. Ag loan officer for $60 million central Iowa bank. Prefer 2-3 years bank experience, ag grad. Write file QBT, c/o Northwestern Banker. (PA) Immediate opening for agriculture representative and assistant cashier in Northeast Iowa. $17M bank located in nice rural community. Applicant needs to be a hard worker and possess or acquire insurance licenses. Opportunity for advancement. New facility. Excellent salary. Fringe benefits. Write file QBS, c/o Northwestern Banker. (PA) MANAGING OFFICER—for a $12 million bank In Western Nebraska. Must have operational as well as credit ex perience. Agricultural background helpful. Excellent salary and fringe benefits. Send resume and snapshot, In complete confidence, to Mel Adams, Box 209, Ogallala, Nebraska 69153. (PA) MARKETING OFFICER—$70 million Minnesota bank. Send resume to file QBX c/o Northwestern Banker. (PA) CEO—$30 million dollar ag bank chain. Eastern Nebraska. Experience required in all phases of banking. Must be ex tremely skilled, competent, and likeable. Send resume to file QBV, c/o Northwestern Banker. (PA) Position open in NE Iowa $20 million bank for person with some ag lending experience. Would be making on-farm visitations and assist in processing ag loans. Should be knowledgeable in all facets of bank operations. All replies kept confidential. Salary open depending on experience and qualifications. Write file QBU, c/o Northwestern Banker. (PA) 35-45% Discount on Lamps For Your Micrographie Equipment SITLER’S SUPPLIES INC. Box 10 - 702 E. Wash. Washington, la. 52353 Phone: Iowa 800/272-6459 or 319/653-2123 Do you have a dress code problem in your bank? Call us today to find out how only $1.00 per day per employee will correct it. BANKERS AVAILABLE Commercial Lender with over 10 years of big bank lending experience. Graduate of Univ. of Iowa and Grad. Commer cial Lending S chool............................................... Salary$38,000 Number Two man in small western Iowa community bank. Four years experience, and all insurance licenses........... ......................................................................Salary $25,000 Executive in $15 million bank with 20 years exp. and col lege degree. Licensed for all lin e s .................Salary open President of smaller Illinois community bank seeks new situation in southern Iowa, Missouri or central Illinois . . . . ..................................................................... Salary $32,000 Operations V.P., currently in $30 million bank in Illinois . . . ..................................................................... Salary $30,000 Strong Second Man in smaller Iowa community bank . . . . .................................................................... .Salary$32,000 Commercial Lender in larger community bank. Has been examiner................................... Salary $33,000 Æ e A j/io e k ^ CAREER APPAREL 523 N. Main S t„ Carroll, la., 51401 712-792-2748 | Computer Specialistand dataprocessing marketing ex pert Salary $40,000 Top Administrative Officer, age 36, MBA degree and heavy experience............................... Salary $50,000 Cashier with four year experience, college grad. . .$23,000 FOR LEASE Want to lease for 1 year? NCR 7750 proof machines. Two available. Option to continue lease at reduced rate. Call person to person, Bill Dinges, Bank of Breckenridge. Phone 303/453-2521. (FL) Installment Officer with 12 years experience..................... ..................................................................... Salary $25,000 CEO of communitybank, age 32, excellent background in ag loans and investments. Seeking future growth situa tion............................................Salary $35,000 Write or call MalcolmFreeland, Freeland Financial Ser vice, Inc., 1032 Carriers Bldg., Des Moines, Iowa 50309. Phone 515/282-6462. Employer pays reasonable fee. INTERNAL AUDIT MANAGER $1.5 billion Iowa multi-bank holding company is seeking qualified career-minded individual for newly-created position of internal audit manager. Highly visible corporate position reporting to Board of Directors. The successful candidate will have CPA and minimum of 5 years Big 8 accoun ting with emphasis on bank audits. Heavy in-state travel. Excellent employee benefit program with salary commensurate with experience. An Equal Opportunity Employer. Please respond in writing stating experience and salary history to: BANKS OF IOWA, INC. P.O. Box 10317 Des Moines, IA 50306 1 Dieboid Walk-Up Window. 1 Burroughs S-500 Proof Machine - 2 years old. 1 Burroughs S-100 Proof Machine. Contact: Okey-Vernon First National Bank, Corning, Iowa 50841. Phone: 515/322-3101. (FS) I BANKS FOR SALE Two multi-bank holding companies w/hi perf. banks, Colo. & Wyo. Two one-bank holding com panies w/hi perf. banks, Colo, and Idaho. Excep tional growth potential. High returns possible on Investments. Principals only. Write file QBW, c/o Northwestern Banker. (FS) POSITIIONS AVAILABLE POSITIONS AVAILABLE Director of savings and operations....... Salary to mid $50’s Commercial Lender for eastern Iowa bank. Requires 5 years or more experience and college degree, good family background............................................ Salary to $36,000 Personal banking officer/branch manager.......................... ..............................................................Salary to mid $20’s Ag Rep for major bank in excellent South Dakota com munity. Requires four or more years ag lending background............................................ Salary to $25,000 Auditor/CPA for major western Iowa ba nk-----Salary open Strong Second Man for western Iowa community bank. Must be ag-orlented................................... Salary $32,000 CEO for larger South Dakota bank, Ag related Salary open Number Two Person for major bank in outstate Nebraska. Requires solid experience in administration and lending . .....................................................................Salary $40,000 CEO for community bank in eastern Nebraska Salary open Number Two person for smaller eastern Nebraska com munity b a n k ...........................................Salary to $25,000 Cashier for larger eastern Iowa bank. Requires 5 or more years of solid operations experience and data processing knowledge..............................................Salary to $28,000 Office Manager with Ag background for central Iowa bank .............................................................................. $25,000 Commercial Lender for major Iowa bank. 3-5 years ex perience ........................................................ Salary Open Write or call in confidence to Malcolm Freeland, Freeland Financial Service, Inc., 1032 Carriers Bldg., Des Moines, Iowa 50309. Phone 515/282-6462. Employer pays fee. Financial systems analyst — CPA systems development exprelence..................................................Salary to $23,000 Commercial loan officer........................ Salary to mid $30’s V.P. senior loan officer - strong ag background................... ..............................................................Salary to mid $30’s C.F.O. - 5-10 years financial operations management ex perience ..................................................Salary to $40,000 Please write or call in confidence to: Brad Boe, finance specialist, Management Recruiters, 7625 Metro Boulevard, Suite 350, Minneapolis, Minn. 55435. Phone 612/835-4466. TIME TEMPERATURE QUALITY SIGNS • Designed • Manufactured • Installed $2895 LIslaB) P .O . Box 263 Grand Island, Nebraska 68801 (308)384-0111 (PA) □ I would like to sell my majority bank stock. □ I would like to buy ma jority bank stock. Please Contact: J. Mason Henry Charles E. Walters Co., Inc. I 39 Ginger Woods Road, Valley, Nebraska 68064 Phone: (402)553-6400 I__________________ — -----------------POSITIONS AVAILABLE COMMERCIAL LOAN—senior position available with $100MM plus suburban bank. Excellent fringe benefit package. $45,000 AGRI LOAN—middle management position with advance ment opportunities. Prefer Ag degree and 2-3 yrs. bank ex perience. $23,000 CASHIER—#3 position in $30MM rural bank. Supervise operations and assist with Ag loans. $25,000 AGRI LOAN—responsibility for all Ag credits in $25MM rural bank. Should be civic minded and business develop ment oriented. $26,000 TRUST OFFICER—head small but growing department In rural bank. Prefer Law degree and some bank experience. $24,000 SENIOR LENDER—supervise Commercial and Ag port folio in $100MM community bank. Some administrative ex perience required. $38,000 Inquiries held In confidence. Resume' and salary re quirements requested. TOM HAGAN & ASSOCIATES of Kansas City 2024 Swift - Box 12346 North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry Since 1970” Vol. 11 No. 21 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, $15.00 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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