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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

#

#

•

•

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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

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Toll free: 1-800-332-5991

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Federal Reserve Bank of St. Louis

A 'BANKS OF IOWA’ BANK

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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

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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.

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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. Mr. Dahl
has been serving as executive vice
president of First Northwestern Na­
tional Bank of Billings, Mont., a
Banco affiliate bank.

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UNITED
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BANK
OF DES MOINES, N A ■ MEMBER FDIC ■ (SIS) Z4S-7111
AFFILIATED WITH UNITED CENTRAL BANCSHARES, INC.

TOLL FREE NUMBER
(800) 362-1615

Supplement to Northwestern Banker Newsletter 9-13-82

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1220-2nd Ave.
Des Moines, Iowa 50314
(515) 288-3000
627-1 st Ave. S.W.
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.

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(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.

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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.
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CEO—$30 million dollar ag bank chain. Eastern Nebraska.
Experience required in all phases of banking. Must be ex­
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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)

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SITLER’S SUPPLIES INC.
Box 10 - 702 E. Wash.
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Phone: Iowa 800/272-6459 or
319/653-2123
Do you have a dress code problem in
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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 . . . .
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Commercial Lender in larger community bank. Has been
examiner................................... Salary $33,000

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Top Administrative Officer, age 36, MBA degree and heavy
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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.

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