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V ol. 17 N o. 23

D es M o in e s , Io w a

S e p te m b e r 1 9 ,1 9 8 8

dent, Lisco State Bank of Lisco,
Neb. Both men served on the joint
ABA/IBAA Task Force that con­
Mr. Dahl told Senate A g Commit­
ceived the secondary market ap­
tee members that the interim board
proach and worked hard to have it
plans to offer at least $20 million in
stock in October. “The permanent included in the FCS rescue bill final­
ly approved last spring. Mr. Kille­
board could take over full respon­
brew chaired that committee and
sibility for the running of Farmer
Mr. Olson served on it as president
Mac as early as January of 1989 if
at that time of the IB AA.
□
all goes w ell,” he stated. He also
said it’s possible Farmer Mac could
be processing its first transaction by
Iowa News
mid-1989.
It will be the responsibility of the
On O ctober 4th, th e Iowa
permanent board to establish stan­ Bankers Association is holding a
dards at all operating levels for statewide m eeting at sites across
Farmer Mac, the, poolers and par­ Iowa, to discuss legislative issues
ticipating lenders.
important to the banking industry.
Two midwestem banking leaders The m eeting will begin with a video­
who are members of the interim tape, with opportunities to question
board have been impressing on IBA legislative staff and attorneys
bankers in recent weeks the great via telephone hook-up. General dis­
importance of having as many cussion will follow. The “Legislative
banks as possible participate in the Preview” will run from 8:30 a.m. to
stock offering that will now be made noon. Locations follow, listed by
in a few weeks. It is anticipated that Group number: 1—Western Iowa
$10 million or more in stock will be Tech Community College, Sioux Ci­
offered to Class A and the same ty; 2—Iowa Central Community Col­
amount to Class B. The enacting law lege, Fort Dodge; 3—North Iowa
specifies that no non-FCS institu­ Area Community College, Mason Ci­
tion may hold more than one-third of ty, and North Iowa Area Communi­
the Farmer Mac Class A stock.
ty College A ttendance Center,
The two midwestern bankers who Charles City; 4—Northeast Iowa
have devoted countless weeks to Tech Institute, Calmar; 5—Iowa
bringing Farmer Mac to fruition and Western Community College, Coun­
then serving on its interim board are cil Bluffs; 6—Southwestern Commu­
Randall A. Killebrew, president, nity College, Creston, and Des
First National Bank of Petersburg, Moines Area Community College,
111., and Thomas H. Olson, presi­ Ankeny; 7—Iowa Valley Communi-

F arm er M ac S to c k S a le D u e in O ctob er
HE Senate Agriculture Commit­
T
tee began hearings last week to
consider the nominations of five per­
sons selected by President Reagan
for the permanent board of directors
of the Federal Agricultural Mort­
gage Corporation (Farmer Mac).
The law creating the new secon­
dary market for long-term ag real
estate loans specifies that the Presi­
dent shall appoint five of its 15
board members and one of his five
appointees shall be chairman. Addi­
tionally, Class A stockholders
(banks, insurance companies and
other financial insitutions) and Class
B stockholders (Farm Credit System
institutions) shall each elect five
members to the 15-person board.
The five Presidential appointees
being considered by the Senate are:
• John R. Dahl, chairman of the
nine-person interim board appointed
to organize Farmer Mac; rancher,
Dahl Land & Cattle Commpany,
Gackle, N.D.
• George Benston, professor of
finance, Emory University, Atlanta,
Ga.
• Edward C. Williamson, Jr.,
manager, director and vice presi­
dent, J.L. Adams Farms, Camilla,
Ga.
• Derryl McLaren, a grain and
livestock farmer, Farragut, la.
• Gordon Southern, president,
Southern Farm Co., Inc., Steele, Mo.

f F irs t In te rs ta te Bank
\Nego the extra mile for you

1-800-362-1615

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Nancy Anstoetter

Gary Austin

Investment Services

Investment Services

Norwest Bank Des Moines, N.A.
Call (515) 245-3131 or toll-free (800) 362-2514

NORWEST BANKS

Member FDIC

Yearn work:
one of the reasons
we're first in Iowa.
Mark Conway

John Rigler

ty College, M arshalltown, and
Hawkeye Institute of Technology,
Waterloo; 8—Scott Community Col­
lege, Bettendorf, and Clinton Com­
munity College, Clinton; 11—Indian
Hills Community College, Ottumwa,
and Southeastern Community Col­
lege, W est Burlington; 12—Iowa
Lake Community College, Emmetsburg, and Northwest Iowa Tech In­
stitute, Sheldon. Contact the IBA
for more information.
CONRAD: The merger of the
Melbourne Savings Bank into the
First State Bank, Conrad, was com­
pleted on September i . Melbourne
will be operated as a full-service of­
fice and managed by Ron Kemmerer, vice president. The merger
brings total assets of First State

Terry Martin
MNB Correspondent Banker

Ibgether We Can
Accomplish
Great Things

Bank to $37.5 million.
MINGO: The FDIC approved the
assumption of the deposits and fully
secured liabilities of Mingo Trust
and Savings Bank, Mingo, by Ex­
change State Bank, Collins. The
Mingo bank, with total assets of
about $11.9 million, was closed on
September 1st and reopened the 2nd
as a branch of Exchange State
Bank. That bank will assume about
$11.5 million in deposits and will
purchase $11.5 million of the failed
bank’s assets at a discount of
$974,000.
MUSCATINE: Richard J. Pilcher
has been elected senior vice
president/senior trust officer of the
First National Bank of Muscatine.
For the past five years, he has been
the senior trust officer at the Far­
mers and Merchants Bank and
Trust in Burlington. Prior to that,
he was in private law practice in
Grundy Center.

the right to receive the deposits, and
will purchase assets of the failed
bank for $1.6 million. The FDIC will
retain assets of the failed bank with
a book value of about $8.6 million.
The assuming bank will have an op­
tion to purchase these assets.

Nebraska News
The Nebraska Bankers Associa­
tion will sponsor the 1988 Bank In­
vestm ent and Profit Opportunity
Conference on October 4-5 at the
Grand Island Interstate Holiday
Inn. The program begins on the 4th
with registration/continental break­
fast at 8:00, followed by a presenta­
tion on “The Economy and Finan­
cial Markets” by J. Thomas Mad­
den, Federated Research Corp.,
Pittsburgh. Several bankers will
present information on new invest­
ment products, with opportunity for
questions. After lunch, Chuck Pfaff
of the FDIC in Grand Island will dis­
cuss “Safe Investm ent Practices.”
Then Dr. William Staats of Loui­
siana University will lecture on
a sset/liab ility m anagem ent. An
evening reception will be held from
5:00 to 6:00. On the 5th, continental
breakfast will be served at 8:30,
followed by a presentation on fee in­
come opportunities by Dr. Staats.
The conference will adjourn at noon.
Cost is $98 per person; register
through the NBA office.
OMAHA: Christine M. Carpino has
been named vice president and direc­
tor of marketing and sales for
American National Bank of Omaha.
M ost recently field m arketing
manager for Godfather’s Pizza, she
was director—strategic planning for
Data Documents from 1983 to 1986,
and worked in corporate finance and
strategic planning for Enron Corp.
from 1979 to 1983.

PISGAH: The FDIC has approved
the transfer of insured deposits and
fully secured or preferred deposits of
Pisgah Savings Bank to Iowa Sav­
ings Bank, Woodbine. The Pisgah
bank, with total assets of $10.1
million, was closed on September
1st and reopened on the 2nd as a
branch of the acquiring bank. Adminstration of the transferred in­
sured deposits will be funded by an
Minnesota News
equivalent cash payment from the
FDIC. The acquiring bank is paying JACKSON: Robert M. Burnham,
the FDIC a premium of $217,700 for chairman and president of The First

For Professional Correspondent Service
Call 1-800-622-7262

Call 319-368-4320
or toll free 1-800-332-5991
Strength of \
Eastern
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|ow a_^T
National
Bank isi
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FRASER
Cedar Rapids. Iowa 52401
Member F 0 1C
A BANKS OF IOWA BANK
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Federal Reserve Bank of St. Louis

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A BANKS OF IOWA BANK
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JAMES F. MacLEAN
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H. PETER DeROSIER
Vice President

OVER 6 0 %

•OFALL BANKS IN OUR MARKETAREA ARE NO W INSURED
BY THE KANSAS BANKERS SURETY COM PANY

That’s R ig h t. . . In th e nine states w e serve w e h ave solved th e b on din g needs for
6 of every 10 banks.
That's over 16 .4 % of all banks in the United States

THE REASONS. . .

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IF YOU’RE NOT GETTING THE SAME FROM YOUR BONDING COM PANY...
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THE KANSAS BANKERS
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DAVID E. ABENDROTH
Senior Vice President

DONALD M . TOWLE
President

611 Kansas Avenue P.O. Box 1654
Topeka, Kansas 66601
Phone 1 -9 1 3 -2 3 4 -2 6 3 1
^

FINANCIAL INSTITUTION BONDS, SAFE DEPOSITORY LIABILITY, CHECKS KITING FRAUD INDEMNIFICATION,
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Serving th e H e artla n d of A m erica sin ce 1 9 09

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

OVER 6 0 %
OF ALL BANKS IN OUR MARKETAREA ARE NO W INSURED
BY THE KANSAS BANKERS SURETY COMPANY

«

That’s R ig h t. . . In th e nine states w e serve w e h ave solved th e b on din g needs for
6 of every 10 banks.
That's over 1 6 .4 % of all banks in the United States

THE REASONS. . .

SUPERIOR SERVICE
MOST COMPETITIVE PREMIUMS
REALISTIC UNDERWRITING
PROMPT CLAIMS SERVICE

IF YOU’RE NOT GETTING THE SAME FROM YOUR BONDING COM PANY...
GIVE US A CALL - YOU’LL BE GLAD YOU DID.

THE KANSAS BANKERS
SURETY COMPANY
DAVID E. ABENDROTH
Senior Vice President

DONALD M . TOWLE
President

611 Kansas Avenue P.O. Box 1654
Topeka, Kansas 66601

#

Phone 1 -9 1 3 -2 3 4 -2 6 3 1
FINANCIAL INSTITUTION BONDS, SAFE DEPOSITORY LIABILITY, CHECKS KITING FRAUD INDEMNIFICATION, 4 P
DIRECTORS AND OFFICERS LEGAL DEFENSE AND LIMITED INDEMNITY POLICIES

Serving th e H e artla n d of A m erica sin ce 1 9 0 9

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Federal Reserve Bank of St. Louis

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OIREERS, INC.
BANKING PERSONNEL SPECIALISTS_______

BANKERS AVAILABLE

ST-1 MARKETING/FINANCE : Sharp professional offers a
diversified background which can be a definite asset to
the lending field. Candidate offers skills in collections and
lending. References agree, “A take charge individual. Self­
starter. Excellent knowledge of credit and its administra­
tion.” Seeks opportunity to utilize his many talents. BS de­
gree. $25,000-30,000. Call 712-779-3567.
ST-2 VICE PRESIDENT: Primary credit officer in a $16M
bank. Works with agricultural, commercial and consumer
loans. Experienced in formulating loan policy, renegotiat­
ing and developing loan work out strategy. Also serves as
compliance officer. Reference says, “The best credit mind
of those I work with. Thorough and complete. Very good
lender.” Eight years in lending with prior experience in
sales management. Iowa State graduate in Ag Business.
Prefers NE, IA, MO. $32,000-36,000. Call 712-779-3567.
ST 3 A SST VICE PRESIDENT: Agg ressive individual began
his banking career five years ago as an ag loan assistant
and currently works as office manager for a branch office
of $125M bank. Responsibilities include management of
personnel and lending, working with customer call pro­
grams, computer analysis programs and marketing. De­
veloped many bank programs using LOTUS, VISICALC
and BASIC on IBM PC and Apple Computers. Seeks chal­
lenging lending position offering advancement oppor­
tunities. IA Location. $28,000-32,000. Call 712-779-3567.
ST-4 OPERATIONS/LENDING: Sharp individual seeks chal­
lenging opportunity in the lending field. Offers five years
lending experience. Also involved with operations and staff
supervision. Excellent computer skills. Former supervisor
says, “Offers potential and has capabilities to do both lend­

ing and operations. Ambitious individual.” BS in Ag Busi­
ness. Prefers IA, MN, Wl. $23,000-28,000. Call 712-7793567.
ST-5 LOAN OFFICER: Very thorough and detailed in
documentation skills. Candidate can be an asset to your
bank. Worked one year as a loan officer for $24M bank
and is in third year with FCS as a special credits officer.
Has been responsible for servicing high-risk loans, hand­
ling collections and restructuring loans through govern­
ment programs. References agree, “Very thorough, very
detailed. Strong documentation and analytical abilities.
$30,000. Cali 712-779-3567.
ST-6 LOAN OFFICER: Served one year as loan officer in
country bank. Previous experience working as plant manager/salesman for FS. Excellent references! Best de­
scribed as a mature, seasoned employee with lots of po­
tential. AA degree. IA, MN location preferred. $22,000plus.
Call 712-779-3567.
ST-7 FINANCIAL MANAGEMENT: Strong credit background.
Worked for FLB for three and a half years, opening a branch
office and booking $90M the first year. Also offers six years
experience as Regional Credit Manager for major company
and most recently serves as liquidation specialist for FDIC.
References agree, “Excellent employee. Very sharp. Well
organized. Good approach when talking with debtors.” BS
degree. $40,000 plus. Call 712-779-3567.
ST-8 ASST VICE PRESIDENT: Currently EVP for small coun­
try bank. Responsible for $4M portfolio, all regulatory re­
porting, budgeting, marketing, etc. Over nine years experi­
ence in lending. Reference says, “Analytical abilities are

We serve as the source to locate candidates who meet
your qualifications and are interested in your bank,
community, and salary range. We are available to
assist, but allow and encourage your direct contact
with our candidates. You make the choice and
decision, without pressure.
GARY MAAS
712/779-3567
Hwy. 92 W., Box 140
Massena, IA 50853

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Our fee is paid by the employer and is based on a percentage of
the first year’s compensation. A ll placements are guaranteed. A
complete explanation of our services, fees, and guarantees w ill
be sent at your request.

TAMMY JENSEN
712/779-2051
Hwy. 148 & 92 West
Massena, IA 50853

above average. Visualizes where a loan is going. Good
rapport with customers. Excellent communicator.” Prefers
MN or IA location. $30,000. Call 712-779-3567.
ST-9 VICE PRESIDENT: Goal-oriented individual seeking
advancement in the lending field. Currently handles a $9M
commercial loan portfolio. Experienced in all aspects of
commercial, agricultural, residential, consumer and SBA
guaranteed loans. Improved loan quality from 14% A & B
loans to 68% A & B loans. Also generated $3M in new loan
volume. BS degree in Business Administration with em­
phasis in Finance. Open on location. $43,000 plus. Call
712-779-3567.
ST-10 ASST VICE PRESIDENT: Currently manages a $13M
ag loan portfolio for a 100M bank. Past experience includes
serving as Farm Management Specialist for FmFIA and as
an AVP for FCS. Co-worker says, “Strong in dealing with
customers. Excellent analytical abilities. No one will be
disappointed with him.” Inherited a lot of problem loans
and now all are performing. Seeks a position in a strong
agricultural bank. IL or IN location. $30,000. Call 712-7793567.
ST-11 CREDIT QUALITY: Sharp individual offers over five
years experience in ag finance. A former supervisor says,
“I give him my unqualified recommendation and endorse­
ment. If a bank is looking for a progressive ag lender who
makes solid loans, develops new business, portrays an
excellent image, and will make them money; he’s their
man! A good technician with top analytical skills.” BS in
Ag Business/Farm Management. SD, NE, IA, MN preferred.
$35,000.

ST-14 LENDING/INSURANCE SALES: With two years experi­
ence as assistant manager of a finance corporation and
one year of insurance sales, individual seeks opportunity
to combine skills. Former supervisor says, “Excellent
worker. When hired he cut delinquency accounts in half
within a month’s time. Super job.” BS degree. Must have
metro area. $25,000. Call 712-779-3567.

ST-15 ASST VICE PRESIDENT: Four years experience with
PCA/FCS. Supervisor says, “Good communicator. Timely
in his work. Efficient. Very motivated.” Currently oversees
$58M portfolio. Job responsibility is to effectively and effi­
ciently work out or collect non-accrual accounts. Super­
vises 11 staff members. Also developed and implemented
tracking systems for the monitoring of loans. Seeks lending
opportunity in bank environment. MN, IA, Wl. $30,000. Call
712-779-3567.

ST-16 DATA PROCESSING MGMT: Twenty years experience
in commercial bank/thrift industry, with ten years in data
processing and management information reporting sys­
tems. Very detail-oriented and dedicated to completion of
projects. Excellent oral and written communication skills.
Good references. Open on location. $28,000-32,000. Call
712-779-3567.
ST-17 SENIOR MANAGEMENT: Goal-oriented individual with
15 years banking experience seeks career change with
challenge and advancement opportunities. Former super­
visors agree, “Strengths are definitely in documentation,
organization and communication. Very community
minded.” BS in Economics. Open on location. $42,000.Call
712-779-3567.

ST-12 SENIOR OFFICER: Currently serves as VP responsible
for credit administration, lending, loan review, personnel
and operations in $42 bank. Major accomplishments in­
clude the development of new credit and internal loan
review policies, establishment of computerized cash flow
programs and restructuring loan administration proce­
dures. Reference says, “Excellent analytical abilities. One
of your choice employees.” Candidate offers over 25 years
lending experience. BS in Ag Econ. $40,000-50,000. Call
712-779-3567.

ST-18 INSURANCE SALES: Six years of insurance sales ex­
perience. Operated agency under contract for four years.
Desires to get into a bank agency selling all lines of insur­
ance. Excellent reference. Described as, “Very thorough,
effective and efficient. Very professional with customers.
No problems.” BS degree. IA location preferred. $25,000
plus. Call 712-779-3567.

ST-13 SR. LOAN OFFICER: Sharp individual offers over five
years experience in ag lending. Manages $4.3M ag
portfolio. Strong in loan analysis. Experienced with collec­
tions, bankruptcies and foreclosures. References agree,
“Very thorough and knowledgeable. Good communication
skills. Represents bank well.” Comes highly recom­
mended. Seeking advancement opportunities. Prefers Wl,
MN, IA location. $28,000. Call 712-779-3567.

ST-19 LENDING/INSURANCE: Presently sells insurance and
securities for insurance company. Also offers over five
years experience in lending with FCS. Former employer
says, “Strong organization, documentation and analytical
skills. Gets along very well with customers.” BS in Ag Busi­
ness. Also Wl real estate license. Midwest location prefer­
red. $23,000 plus. Call 712-779-3567.

712/779-3567

Hwy.
92 W., Box 140, Massena, Iowa 50853

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

agri oirœrs,inc.

515/394-5827
Hwy. 63 S., Box 307, New Hampton, Iowa 50659

FirsDer Correspondent Services
FirsTier Bank, N.A., Lincoln and Firsîier Bank, N.A., Omaha, Members FDIC

National Bank, has signed an agree­
ment to sell the majority stock in
the bank owned by the C.A. Burn­
ham estate to John E. Goodenow
and James M. Hongslo, subject to
regulatory approval later this year.
Mr. Goodenow is chairman of
Goodenow Bancorporation of Spirit
Lake, la., which owns Wall Lake
Savings Bank in Wall Lake, la.,
where he is chairman, president and
CEO. He is also chairman of Fair­
mont Bancorporation, which owns
control of The Fairmont National
Bank in Fairmont, Minn., 28 miles
east of Jackson. Mr. Hongslo has
been chairman and president of The
Fairmont National Bank since Octo­
ber, 1986.
MINNEAPOLIS: Nelson D. Civello
has been named executive vice presi­
dent and head of FBS Capital
Markets Group. He comes to First
Bank with nearly 20 years of ex­
perience in banking, investm ent
inking and public finance, m ost
Recently w ith Marine M idland
Capital Markets, a division of
, Marine Midland Bank in New York,
where he was director and deputy
division executive of the municipal
securities division.
South Dakota News
1 The South D akota Bankers
Association will present “Problem
Loan W orkouts: W hat E very
Lender Needs to Know” on Novem­
ber 9 at the Ramkota Inn in Sioux
Falls. Conducting the seminar will
be Denver attorney James T. Burghardt. Registration opens at 7:45,
with the seminar running from 8:30
to 4:15. Pre-registration fee is $115,
with $125 required if paid on-site.
Contact the SDBA for more infor­
mation.

More of what it takes to serve you well.

^ FirsTier.
Banks
Lincoln Omaha
•

The SDBA will conduct an Opera­
tions Seminar at the Ramkota Inn,
Sioux Falls, on November 16. The
seminar is designed to educate
financial institution personnel in the
technical day-to-day processing,
legal and marketing aspects of the
ACH system . Contact the SDBA for
more information.

North Dakota News
M yron P feifle, p resid en t of
Bismarck State Bank, was elected
president of the Independent Com­
munity Banks of North Dakota at
their annual convention recently. He
has spent several years on thé
ICBND Executive Council and as
chairm an of the a sso cia tio n ’s
General Services Committee.
Colorado News
DENVER: Susan K. Koonsman has
been elected senior vice p resid en thuman resources at United Banks of
Colorado. She has been with United
Banks since April, 1987 and became
vice president—human resources in
early 1988. She spent ten years with
the Manville Corporation before
moving to the First National Bank
of Denver in 1981.
DENVER: Among recent promo­
tions at United Bank of Denver was
the naming of Robert A. Brown to
vice president. He recently joined
the bank and is a portfolio manager
in asset management services.

Wisconsin News
MADISON: Sal A. Troia has been
named senior vice president of
Valley Bank, Madison. He will be
responsible for the overall manage­

ment of operations at the bank and
its subsidiaries. He will also con­
tinue as vice president/operations
and treasurer of Valley Bancorpora­
tion. He has been with Valley for 19
years.

Correspondent Banking

We’ve held the
line on prices
to help your
bank.
At United Missouri, we have
maintained the same prices since
1983, which means we are highly
competitive. Shop around and com­
pare. Our prices can help your bank
become more profitable. In addi­
tion, you’ll be dealing with experts
with a proven track record in bank
services. We’re one of the best in
correspondent banking, and we’re
competitive. Call us today. We’ll talk
prices over the phone.

U N IT E D M ISSO U R I B A N K
Member FDIC
o f Kansas C it y n.a.
10th and Grand, P.0. Box 226
Kansas City, Missouri 64141
(816) 556-7900

COUNTONII

Count on Commerce for superior capabilities and personal attention to your
correspondent banking needs. A combination weVe upheld for more than 120 years.
Give us a call.

1-800-892-7100 1-800-821-2182


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

(Outside Missouri)

£*jj*î Com m erce Bank
o f Kansas City

Loan and investment reviews
and other management services

POSITION AVAILABLE

SWORDS ASSOCIATES. INC.

AQ LOAN O FFICER for $30 MM central Iowa bank, 2-3
years experience ag (FmHA, SBA Guarantees, consumer
loan experience helpful). Need aggressive self-starter w ill­
ing to call on existing and new prospect lines. Send
resume and salary history to Security S tate Bank, Box 549,
Hubbard, IA 50122._________________________________(PA)

P R O F E S S IO N A L B A N K IN G CO N SULTANTS

2 Brush Creek Blvd. Kansas City, MO 64112
(816) 753-7440

»

$200 mm bank in trade area of 250K seeks qualified CO M ­
M ERCIAL LENDER. Portfolio -1 2 -1 5mm - SBA knowledge
important. Must be sales oriented. Send resume to File
No. W O M c/o Northwestern Banker.
(PA)
CO M M ERC IA L AN D INSTALM EN T LOAN O FFIC ER — lending position available in Columbus, Neb. 1-3 yr. ex­
perience required, salary negotiable. Send resume to
A-EC, P.O. Box 315, Valley, NE 68064.________________ (PA)
W e can offer an excellent opportunity for som eone who
wants to provide investment counseling services in a bank
environment. Sales experience relating to bank products,
mutual funds, and annuities a plus. Series 6 and 7 and life
license required. Contact File No. W ON c/o Northwestern
Banker.______________________ ______________________(PA)
INSURANCE: Need aggressive individual with all licenses
to m anage agency In central Iow a w ith great potential.
Responsible for selling and servicing all lines of in­
surance. Must also be willing to cross train
banking and
loans. Send resume and salary history to Security State
Bank, Box 549, Hubbard, IA 50122.
(PA)

D O ES YOUR BANK NEED AN INVESTMENT CENTER?
Your benefits:
• New high net worth customers
• Added profit
• Reduced deposit loss to competitors
• Ability to offer complete financial services
For information contact:

INVESTM ENT
C E N ÏE R S

FOR S A L E
PORTABLE BANK BUILDING . 14’ x 65 with M osler vault &
drive-up equipm ent + m iscellaneous other equipment.
Contact Wilton Savings Bank, Wilton, IA (319) 732-2077. (FS)

WANT ADS— Rates are $5.00 per line per insertion. Add $5.00
for file letters per insertion. Identity of file letter advertisers cannot
be revealed. NORTHWESTERN BANKER, 1535 Linden Suite
201, Des Moines, Iowa 50309. Phone 515/244-8163

Equipment rebuilt and repaired at your location.
Am erican Bank Equipment
Sales - Service • Installation

__________________ 402/571-5621_______________ (FS)

SERVING THE UPPER MIDWEST

R egency

.

1-800-544-7113
First Dakota Building
F.O. Box 2796
Bismarck, ND 58502
or
P.O. Box 65697
West Des Moines, IA 50265

RYAN AUCTION CO., INC.
Decorah, Iowa 52101
Farm Equipment Specialist
Appraisals & Auctions
Call Dale Ryan 319-382-8648

POSITIONS AVAILABLE
LOAN O FFICER - Excellent opportunity for the
degreed loan officer with 2-3 years experience in
installm ent lending. Fee and relocation in
Nebraska paid.
$20-25K
Dorothy M inister, CPC
GUM BERT EXECUTIVE EXCHANGE
9802 Nicholas Street, Suite 370
Om aha, NE 68114
Phone: 402/3904)275

FOR SALE
R EC O N D IT IO N ED

BRANDT Coin Sorters-Counters
BRANDT Currency Counters
New Warranty
402-571-5577

RECRUITERS, INC.

Diane Evans

1102 Grand Avenue,
Kansas City, MO 64106
816/842-3860

CHOOLER In
ASSOCIATES

"Successful Banking is Quality Personnel"

POSITIONS AVAILABLE
PRESIDENT, $300mm bank, top adm inistrator,
successful delegator; dynam ic public presenta­
tions ................................................................. $100,000.

Estate Appraisals
Purchase of
Collections
Sale of Rare Coins
R eliable and respected service
for over 20 years
Used by bankers
throughout the m idwest

tiJ'foCd.SX a n d cd h io a L a tzi
Specializing in the
Purchasing and Sale of Banks
405 Main

515-232-0814
Ames, Iowa 50010

Donald E. Holder, Principal

PRESIDENT, $50mm + , top rated; m inim al charge
offs; strong capital; outstate; no ag
. . .$75,000.
PRESIDENT, $50mm + , strong ag, small town . . .
........................................................................ $50-60,000.
EXECUTIVE VICE PRESIDENT, $100mm range,
lending background; civic leadership; top rated;
solid earnings .................................................. $55,000.
AG LENDER, credits of $75,000-$300,000; prefer
Farm Credit e x p e rie n c e ............................$28-32,000.
V IC E P R E S ID E N T C O M M E R C IA L LE N D IN G ,
$100mm + suburban bank; top rated; strong
organization .....................................................$30,000.
V IC E P R E S ID E N T C O M M E R C IA L L E N D IN G ,
$80mm good bank, good town, good organization
............................................................................... $30,000.

Ben E. Marlenee
Coins

VICE PRESIDENT, $25mm country bank, indepen­
dent, close to trade center ..................... $27-30,000.

913 Locust
Des Moines, Iowa 50309
515-243-8064

DON W . SCHOOLER
2508 East M eadow
Springfield, M issouri 65804
(417) 882-2265

CONSUM ER HEAD, suburban, primarily direct
lending; upbeat mgmt.; solid rating . . . . .$25,000.

POSITIONS AVAILABLE
TRUST MARKETING • large urban bank. Requires degree

and trust experience.

$35K

REAL ESTATE LOAN - single fam ily residential and secon­

dary market experience required. Proximity of major metro
area.
$40K
LOAN REVIEW ■ large bank experienced required. B o th ®
junior and senior level positions available.
$28-$40K
COM MERCIAL LENDING • V.P. positions in urban and
large suburban banks. Personal portfolios from $20MM to
$50MM.
$40K
BRANCH M ANAGER - handle small business and con­
sumer credits. Med-size community affilia te of m ultibank.
holding company.
$24K*

Additional listings for commercial lending and
trust officers. Resume’ requested.

TOM HAGAN & ASSOCIATES
P.O. Box 12346/2024 Swift
North Kansas City, MO 64116
816/474-6874

“Serving the Banking Industry Since 1970“

Vol. 17 No. 23 Northwestern 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, $24.00 per year. Second class postage paid at
Des Moines, Iowa. Address all mall subscriptions, changes of address (Form 3579), manuscripts to Northwestern Banker, 1535 Linden

St., #201, Des Moines, Iowa 50309.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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•