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* 4 > Oldest Financial Journal W est o f the Mississippi * * 4 » * > % Des Moines, Iowa No. 1119 Plan New Foundation Ad Campaign The Foundation for Full Ser vice Banks will sponsor four network television specials in its 1968—69 campaign, and will extend its full-page national magazine advertising in Look and Reader’ s Digest magazines, Richard B. Beal, executive vice president of the Foundation, announced. The Foundation conducts a $2.5 million national advertising program on behalf of Full Ser vice Banking and the more than 6,000 member banks represent ing 72% of deposits in the United States. “ We are increasing our spon sorship in network television and expanding the full-page magazine schedule in Look and Reader’ s Digest starting this fa ll,” Mr. Beal said. “ With more member banks using our new symbol in their own advertising in the coming months, the com bined effect of an enlarged campaign and local bank tie-in should add substantially to the sales impact of our efforts to se ll ‘ full service banks’ to many more people in every part of the country.” Leading off the new tele vision season will be full sponsorship of the hour-long “ Tennessee Ernie Ford Show” special, Saturday, November 16 at 9 p.m. (EST) on the NBC-TV Network. It will feature Andy Griffith and Lucille Ball among the guest stars. The Foundation will introduce its new local bank identification symbol to the public on this show. On Sunday, December 22, from 7 to 7:30 p.m. (EST) the Foun dation will present the third annual broadcast of the holiday cla ssic, “ Dr. Seuss’ How The Grinch Stole Christmas” on the CBS television network. On Sunday, February 9, from 10 to 11 p.m. (EST) the Foundation will repeat the award-winning “ Fred Astaire Show” on NBC. The final television spon sorship of the season will be the “ Julie Andrews” special Sunday, April 13 from 9 to 10 p.m. (EST) on NBC. The Foundation’ s national magazine ads will appear in 25 issues of Look from July through June, and in five is sues of Reader’ s Digest start ing in November. They will follow the current theme that Yes! W e're here to help you get w hat you w ant IO W A -D E S M O IN E S N A T IO N A L B A N K Sixth and Walnut. Dcs Moines 50304* 284-8686 Member Federal Deposit Insurance Corporation https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis busy people rely on the conve nience of Full Service banks. This theme will also be carried out in television commercials on the four specials during the season. IL L IN O IS NEWS BEARDSTOWN: Two new teller windows are being installed for the First State Bank on the Sec ond Street side of the bank building. The present drive-in window on the north side of the building will be removed and a new one installed on the west wall of the bank. BELLWOOD: Robert Franch, president, Bank of Bellwood, has resigned. He will continue as a consultant. Alfred C. Nowaczyk, executive vice pres and director, has been named chief operating officer. Robert P. Franch has been appointed acting cashier. DECATUR: The First National Bank of Decatur will hold the grand opening of the bank’ s drive-in facility September 21. John Luttrell, president, said (Continued on back page) IBIPB— « Questions on EDP for your bank? Our feasi biiity study will give you the straight answers. Bankers Trust co. SIXTH AND LOCUST. DES MOINES Memot' f Ñ S * t O.l C HOMER JENSEN r There are so many ways we can help you That's why over half the banks in Iowa are — MNB correspondents Bob O’Meara Vice President MERCHANTS NATIONAL BANK m V. Cedar Rapids, Iowa 52401 Member FDIC The M l service bank tor the banks ot Iowa N A TIO N A L NEWS LACROSSE, WISC.: James O. Heinecke, formerly assistant vice presi dent at the National Bank of South Dakota, Huron, has been named v ice president of the Batavian National Bank here. NEW YORK: V ice President Hubert H. Humphrey and Governor Spiro T . Agnew have accepted invitations to address the 94th annual con vention o f the ABA in Chicago. Governor Agnew will speak during the convention’ s first general session Tuesday morning, October I. V ice President Humphrey will speak Wednesday morning, October BURGLAR ALARMS Banks, Holdup Cameras Telephone 515 / 262—8209 2905 Pel a ware Ave. Des Moines, Iowa 2, during the second general s e s sion. The presidential nominees of both major political parties were invited prior to the conventions to address the ABA. The Republican invitation was extended to Gover nor Agnew when it became known that an earlier commitment would prevent the appearance of Richard M. Nixon. The Attorney General of Iowa last week issued an opinion which sustains for Iowa national banks the recent ruling by the U. S. Supreme Court that national banks are exempt from state sales and use tax. The Iowa opinion also holds that national banks are en titled to refunds for a period ex tending back five years from the due date of taxes erroneously paid. State banks are still obli gated to payment o f the taxes. At least one state bank in Iowa is filing a claim for refund to test the law. DES MOINES: Michael R. Carver has been named an assistant cashier at the Iowa-Des Moines National Bank. He formerly headed the freight payment and payroll accounting departments in the bank’ s marketing division. The bank plans to have a tem porary drive-in o ffice opened by October 1 at its detached facility location at 2505 East Euclid. It will be a Capp home placed at the back end of the lot. The permanent building is scheduled for com ple tion about June 1, 1969. DUBUQUE: Thomas E. Schmidt has been named v ice president and cashier of the new Key City Bank and Trust Company, effective October 1. He is presently the second v ice president of the Hart ford Plaza Bank in Chicago. WASHINGTON, D. C .: It was re ported here last week that a plan is being proposed in the U. S. Treasury Department for setting up one single agency—presumably a super Federal bank—for handling all borrowing needs of Federal agencies, rather than those indi vidual agencies entering the market for funds as they do today. It is EVANSDALE: The First National Bank has received permission from the Comptroller of the Cur rency to open a second banking facility in the Crossroads Shopping Center area of Waterloo. These men bring the Secu rity National Bank to their correspondents. It's strictly a m a tte r ot Security's personal service. Service for any banking need or problem. SECURITY NATIONAL BANK 6TH AND PIERCE STREETS • SIOUX CITY 4 IOWA SAN FRANCISCO, CALIF.: Scudder Mersman, Jr., Louis J. Mulkern and William H. Bolin have been named senior v ice presidents in merging area responsibilities in the inter national division of the Bank of America. Tom Horn John Diefendorf Gene Hagen https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis believed the total lendings for such a bank could be $100 billion. GRINNELL: The annual Poweshiek County National Bank’ s women’ s meeting will be held in the Vet erans Memorial Building here Sep tember 25. “ Two Worlds of Woman” is the theme of the fourth annual meeting. IOWA C ITY : Kenneth A. Crow and Ralph R adcliffe have been pro moted from assistant vice presidents to vice presidents at the Hawkeye State Bank. B. L. Johnson has been named assistant v ice presi dent and Steven Bianco cashier. Both men had been assistant cashiers. OELWEIN: Jens C. Nielsen of Humboldt has been named the new y 4. a A A 4 A « a 4 A y c ■INCOE—N •••Professionals in Livestock Loans FIRST NATIONAL BANK G. TRUST CO M PANY OF LINCOLN 1 2 th & N S t r e e t • L IN C O L N , N E B R A S K A • M em ber: F.D .I.C. agri-business representative the Oelwein State Bank. for NEBRASKA OMAHA: Marvin G. Rohn has been named assistant loan officer at the Omaha National Bank, and Louis E. Giblin has been named assistant investment officer. MINNESOTA DULUTH: Orley Rath, one-time trust officer of the First National Bank at Aberdeen, has been elected a v ice president and trust officer at the First American National Bank here. He joined the bank as a trust officer in 1967. MADELIA: Sam Slocum has been elected executive vice president of the Citizens National Bank. He was formerly bank cashier. Dale Williams has been promoted from assistant cashier to cashier. Clarence Goodburn and Wilma Ja cobson have been promoted from tellers to assistant cashiers. MINNEAPOLIS: The Minnesota Bankers A ssociation has appointed a subcommittee to study the feasi bility of credit cards on a state wide b asis, according to J. J. Chqromanski, association presi dent and president of the Crystal State Bank. He added that this in no way implies that the association is intending to set up such a plan. The study was recommended to the association ’ s governing body by the MBA Commercial and Consumer Lending Committee. ROCHESTER: An application has been filed with the Minnesota Commerce Commission for a state bank to be located in the Apache Mall Shopping Center, southeast corner of U. S. 14 and new 52. The proposed name for the bank is Security State Bank. Incorporators are Charles Peterka and Charles A. Neumeister, both of Minneapolis, and Merlin J. Knauss of Rochester. Proposed capital for the bank is $500,000. No date has been set for a hearing. ST. PAUL: Don G. Dick has been elected v ice president at the First https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Grand Avenue State Bank. William O. Skar has been promoted from assistant v ice president to vice president and Raymond E. Meyer from cashier to vice president and cashier. WELLS: A1 Quade has been named assistant cashier of the Peoples State Bank. He has formerly been employed by the Cottonwood County Extension Service for the past two years. WINONA: An application for a new state bank to be located at the intersection of U. S. 61 and 14 in the Westgate Shopping Center has been filed with the Minnesota Commerce Commission. The pro name for the bank is Winona State Bank, with proposed capital of $250,000. Incorporators are S. J. Kryzsko of Winona and M. J. Gal vin, Sr., of St. Paul. No date has been set for hearing on the appli cation. COLORADO DENVER: First National Bank of Denver appeared last week to be within sight o f its objective of forming a holding company (First National Bancorporation Inc.), which will own First National Bank of Denver and the First National Banks of North Glenn, Bear Valley and Southglenn. Management of First National of Denver made an offer several weeks ago to stock holders to turn in their shares in the bank in exchange for shares in the holding company. A battle DO YOU Want to buy, sell or trade bank equipment or fixtures? Let Mighty Mite NO RTHW ESTERN B A N K ER WANT ADS Do the Job for you! YOUR STATE BANKERS ASSOCIATION OFFICIAL SAFE. VAULT AND TIMELOCK EXPERTS F. E. DAVENPORT & CO. OMAHA erupted between management and the Thatcher banking interests in Pueblo Springs and Colorado when the latter group sought to block the holding company and made an o f fer to stockholders to buy their stock. The day before the trouble developed, the price of First Na tional stóck was $87.25 bid. Last week it was reported in Denver to be $145 bid and $155 asked. As of August 29, the bank’ s management had received 64.6% of the stock for exchange, ac cording to Montgomery Dorsey, chairman, and Eugene H. Adams, president. The goal is 67%, which is needed to form the holding com pany. Mr. Adams recently told the Northwestern Banker that the figure is now higher than the pre viously reported 64.67%. The offer of the bank had expired August 30 and was extended to October 4. The Thatcher interests’ offer ex- Call Howard Nielsen for . . . Personal Attention to All Your Correspondent Needs CA LL 402 AREA CODE 341-8765 Member Federal Deposit Insurance Corporation For Decisive Action Rely on NBC for all your correspondent needs. M em ber F D IC National Bank H i of Commerce Main Bank 13th St O Sts. / Patio Office lOth St O Sts. / Lincoln, Nebraska Tom Cannon is emphatically Earnest Call him Earnest," if you like. Tom won't mind. He's proud to belong to the earnest chew of correspondent bankers at Commerce Trust. And he’s proud that one bank in every nine throughout the nation depends on Commerce Trust. If you take banking as seriously as Tom Cannon does, get in touch with him soon. (ommerce Trust (ompany' Kansas City's Oldest and Largest Bank Member Federal Deposit Insurance Corporation pired September 3, and no exten sion date was published. Mahlon T . White, Pueblo, presi dent of the five banks and spokes man for the White and Thatcher interests, said the family owns approximately one-fourth of First National Bank of Denver stock and is entitled to one-fourth of the seats on the bank board and the holding company board. DENVER: The Central Bank and Trust Company is planning to in crease its capital funds by an additional $3 million, to a total of of $18.3 million. The new capital will take the form of junior subor dinated debentures to be sold to Baldwin-Central, In c., a whollyowned subsidiary of the D. H. Baldwin Company of Cincinnati, Ohio. The bank will refrain from the payment of dividends, which will provide an additional increase in capital accounts from the accu mulation o f retained earnings. F o l lowing the new issue o f debentures, capital accounts will be $6 million in subordinated capital debentures and $ 12,300,000 in capital, surplus and undivided profits for an aggre gate total of $18,300,000 in capital funds. WYOMING Wyoming bankers will be briefed on recent developments in agricul ture, business and finance during a series o f economic forums spon sored by the Federal Reserve Bank of Kansas City in conjunction with the Wyoming Beuikers A ssociation. The forums will be held in Casper, September 16; Thermopolis, Septem ber 17; Rock Springs, September 18; Cheyenne, September 19. Max Fisher, president of the First National Bank of Laramie, will speak for the WBA at all four of the forums. Three economists for the Kansas City Fed, Gene L. Swackhamer, Glenn H. Miller, Jr., and D. R. Cawthorne, will discuss economic conditions in the states and the nation. MONTANA BILLINGS: District Judge Victor H. Fall has ordered Albert E. Leuthold, state superintendent of banks, to grant a charter to a group from B illings-Livingston to found a fourth bank in B illings. The origi nal application was filed in De cember, 1967, and rejected by Mr. Leuthold. A court hearing ensued. HELENA: John E. O’ N eill has been elected vice president of the First National Bank and Trust Company of Helena, effective Octo ber 1. He was formerly vice presi dent of the Metals Bank in Butte for 12 years and has been a ss o ci ated with that bank in all depart ments sin ce 1930. Illin o is News . . . (Continued from page 1) the facility w ill provide four drivein units at Broadway and Prairie Avenue. The units will be in addi tion to the two drive-in windows 99 f i f i Bank Under the Big CENTRAL NATIONAL “ The Bank That Cares’ BANK AND TRUST M em ber Federal D eposit Insu ran ce C orporation COMPANY and one teller station at the main bank building. RANTOUL: The First National Bank of Rantoul is providing time and temperature service through the facilities of the Eastern Illi nois Telephone Company. SPRINGFIELD: Lee G. Gammage, trust officer, Springfield Marine Bank, has been appointed state Heart Fund v ice chairman. WANT ADS Rates 25 cents per word per insertion. Minimum: 12 words. NORTHWESTERN BANKER 306 15th St., Des Moines, Iowa POSITION AVAILABLE Opening for executive officer in Iowa bank. Salary open. R eplies held in strict confidence. FileB R G , c / o NORTHWESTERN BANKER, 306 Fifteenth Street, Des Moines, Iowa 50309. FOR SALE Loan application forms for the modern agricultural banker. Sam ples on request. Farm Business Council, Inc., P.O. Box F, Urbana, Illinois 61801. LISTENERS WANTED La Salle National Bank, Chicago, offers brief, concise,, informative and interesting stock market reports every hour on the half hour be ginning at 9:30 a.m. as reported by Ed Cooper direct from the board room of Homblower and Weeks— Hemphill, Noyes. These reports can keep you and your customers abreast of the changing market. Tune in WGN radio, 720 on your dial—a 50,000 watt, clear channel station serving the midwest. The Stock Market Report Show is just another service from La Salle National Bank. For a compléte line of services, write or phone La Salle National Bank, 135 South La Salle Street, Chicago, Illinois 60690. (Area Code 312) STate 2-5200. No. 1119 Northwestern Banker is published five times monthly by the Northwestern Banker Company, 306 Fifteenth Street, Des Moines, Iowa 50309. Subscriptions 50ÿ per copy, $6 per year. Second class postage paid at Des Moines, Iowa. Address all mail Digitizedsubscriptions, for FRASER 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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