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A t Banking Leadership Conference ABA Drops Trigger ’Til Later Date industry. “ We support experimentation in interstate banking through state up the Banking Leadership Confer law as an interim step to full inter ence of the American Bankers Asso state banking. We will support an ciation voted to defer support of a amendment to federal law at some nationwide trigger until a later date when the market shows it is ready “ to move toward full interstate banking.” The adopted consensus statement said, “ ABA continues to support its position concerning the necessity of federal legislation to close the non bank-bank loophole and the need for additional products and services.” Both issues had lopsided consensus support at an earlier conference. The consensus statement con tinued, “ With respect to geography, ABA recognizes that the market place is moving toward full inter state banking and that at some time in the near future such interstate point in the future that will lead to banking will become a reality. ABA full interstate banking while pro recognizes that many states are tecting the rights of states. How enacting laws permitting interstate ever, there is currently no consensus banking and that other providers of in the banking industry on a speci financial services are actively com fied federal solution to this issue. peting in interstate banking without (At the earlier conference, a national the restrictions that apply to com “ trigger” had only 52-48 support.) “ The appropriate bodies within mercial banks. ABA, therefore, be lieves that a gradual phase-in to in ABA will continue to actively pur terstate banking is appropriate and sue a solution to this issue—as more should be supported by the banking states enact interstate laws and as T THEIR meeting in Washing A ton, D.C., recently the more than 400 banking leaders who make the market continues to move to ward full interstate banking.” The above three-part consensus was adopted by the ABA Govern ment Relations Council and then by the A B A Board of Directors. The Leadership Conference, the Govern ment Relations Council and the Board of Directors also adopted a position on tax reform and deposit insurance reform. ABA would support a tax-reform measure that will reduce rates, broaden the tax base, remove taxes from investment decisions and pro mote fairness. ABA then urged three modifications of President Reagan’s proposal it considers es sential to the banking industry: Pre servation of the loan loss reserve and a recalculation of future addi tions to the reserve; retention of the deduction for carrying charges on tax-exempt obligations issued be fore the date of enactment; preserva tion of the foreign-tax credit rules. On the matter of deposit insur ance reform, the Leadership Confer ence position, adopted by the Coun cil and the Board, said the “ focus of Congress and the regulators should be to address the problems of the thrift industry and FSLIC.” The statement said “ Any laws or regula tions adopted must apply equally to all depository institutions. ABA op poses a merger of the deposit-insur ance funds that would result in ASK TERRY MARTIN to make MNB work for you. Toll free: 1-800-332-5991 Merchants National Bank il l Member F.D.I.C. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A ‘BANKS OF IOWA' BANK 2 HkH Norwest Bank Des Moines, N.A. mmmmm Call (515) 245-3131 or toll-free (800) 362-2514 NORW EST BANKS M em ber FDIC Teamwork: one of the reasons we’re first in Iowa. Lowell Barkley Larry Welch banker contributions supporting a thrift industry that is not subject to the same regulatory, capital and ac counting standards as banks and that has the ability to offer a greater array of products and services.” Other points on the deposit insur ance reform issue called for “ self regulation in the industry” and for “ market discipline to enhance the safety and soundness of the finan cial system” ; support for a modified payoff approach; opposition to man dates for increased capital; concern over adoption of risk-related pre miums; opposition to use of “ dis closure” to force market discipline, and a call for regulators to devote greater resources to detecting in sider abuse. On the latter point, “ ABA supports better training and compensation for regulatory staff.” □ Iowa News The Iowa Bankers Association is sponsoring a workshop entitled “ Improved Customer Relations and Financial Sales.” The workshop is especially for customer contact per sonnel and presents high tech/high touch sales techniques designed for today’s deregulated market. Dates and locations are: Oct. 21—Council Bluffs, Lake Shore Country Club, and Burlington, Best Western; Oct. 22—Sioux City, Sioux City Hilton, and Davenport, Black Hawk Hotel; Oct. 23—Fort Dodge, Holiday Inn, and Cedar Rapids, Stouffer’s Five Seasons; Oct. 24—Des Moines, Des Moines Convention Center, and Waverly, Red Fox Inn. Registration will be from 5:30 to 6:00 p.m., with dinner at 6:00 and program from 7:00 to 9:00. Fee includes dinner and all materials and is $35 for members, $45 for subscribers and $55 for non members, with an additional $10 if paid at the door. Register through the IBA office in Des Moines. CLARKSVILLE: Richard L. Brown has joined Iowa State Bank Clarks ville as vice president and ag repre https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis sentative. He previously worked with Metropolitan Life and First Bank System. HAMPTON: Russell G. Olson has been named president of the First Midwestern Financial Corporation. He had previously been president of the State Bank of Allison for the past three years. FMFC will serve as a service corporation for the follow ing banks: in Iowa, Palmer State Bank, Palmer; Iowa Savings Bank, Woodbine; Iowa Bank & Trust, Bloomfield; Citizens Savings Bank, Afton; Peoples Savings Bank, Odebolt, and Community State Bank, Rockwell; in Wisconsin, State Bank of Lone Rock, Lone Rock, and Bank of Gays Mills, Gays Mills. Other stockholders in FMFC are C.W. Persinger, Sioux City, la.; R.O. Wikert, Fremont, Neb., T.S. Gentle, Iowa Falls, la., and W .A. Krause, Hamp ton, la. SIOUX CITY: D. Douglas Rice has been named senior vice president of the asset management division of The Security National Bank of Sioux City. He was previously in the commercial service department, where he was active in commercial loan analysis and commercial lend ing. He has been with the bank since 1975. WINTERSET: The following per sonnel changes have been made at the Farmers & Merchants State Bank: David M. Nicholl has been elected executive vice president and cashier and second officer. William L. Davis was elected senior vice president vice president and chief lending officer. Allen L. Banks was elected senior vice president and branch office supervisor. Nebraska News A t the invitation of the Nebraska Bankers Association, Donald G. Ogilvie, executive vice president of the American Bankers Association, visited with NBA leaders at their headquarters office in Lincoln, then met with Governor Robert Kerrey at the state capitol to learn more about the farm crisis as it is affecting Nebraska. Meeting with the Governor and Mr. Ogilvie were NBA President Mel Adams, chairman, Keith Coun ty Bank & Trust Co., Ogallala; ABA State Vice President Harold P. Stuckey, president, Lexington State Bank & Trust Co., and Douglas V. Duey, president, Cass County Bank, Plattsmouth, who is an adivisory board member to the ABA Commu nity Bankers Council. Later, those five met at The Cornhusker for lunch with NBA Executive Council members, Nebraska bankers as signed to ABA committees and sev eral Lincoln, Omaha and other area bankers. The luncheon meeting was open to all NBA members. * * * Governor Robert Kerrey has ap pointed James C. Barbee, 36, as di rector of the department of banking and finance, effective October 1. Mr. Barbee, a lawyer-CPA, has been principal research manager of tax services of Bank Administration In stitute, Rolling Meadows, 111., for the past five years. He is a native of Sutton, Nebr., and received his B.S. accounting degree in 1972 and his law degree in 1975, both from the University of Nebraska-Lincoln. Roger Hirsch, who served the past two and one-half months as act ing banking director following the resignation of Roger Beverage as di rector, will resume his former duties as department legal counsel. Charles Mitchell, long-time deputy director of the department, has resigned to join the FDIC liquidation division in Omaha. * * * The Nebraska Bankers Associa tion will hold its group meetings in conjunction with seminars this year. The schedule is as follows: Sept. 30—Beatrice Elks Club (Groups 1, 7 & 8); Oct. 1—Norfolk Villa Inn (Groups 2 & 3); Oct. 2—Kearney Ramada Inn (Groups 4 & 5), and Oct. 3—Scottsbluff Country Club (Group 6). The group meeting pro grams start at 3:00 p.m., with a 6:00 <zdfo[dsx a n d c ^ fn o a L a tz i Bank Consultants Specializing in Bank Acquisitions P.O. Box 450 515-232-0814 405 Main Ames, Iowa 50010 D o n a l d E . H o l d e r , P rin c ip a l # 3 Call on the “Experienced Professionals” Ready to meet your correspondent needs. f reception and 7:00 dinner. A t 8:30 a.m. on each date, there will be an IRA and Qualified Retirement Plan Workshop, which will run until the noon luncheon and resume at 1:00. The seminars will be at the same sites the first three days, with the Oct. 3 seminar being held at the Scottsbluff Inn. • ^ F irst N a tio n a l L in co ln 4F"73m & m streets, Lincoln, Minnesota News Bond portfolio recommendations from United Missouri Bank reflect over 55 years of portfolio management experience. Call us today for your program. lb UNITED MISSOURI BANK MemberFDic Qf Kansas City, n.a. 10th and Grand • P.O. Box 226 Kansas City, Missouri 64141 (816)556-7200 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis e s s o Y “’0 Wyoming News MINNEAPOLIS: Becky Malkerson CHEYENNE: Randall L. Dancliff has been appointed vice president of has been elected president and chief government relations for First Bank executive officer of First Wyoming System, Inc. She has been associ Bank, N.A .—Cheyenne. He has been ated with FBS since 1975, most re with First Wyoming since 1973, cently as assistant vice president of most recently serving as president public affairs. and CEO of First Wyoming B a n k MINNEAPOLIS: Three have been North Cheyenne. OMAHA: Patricia M. Kelley has promoted to vice president at Norbeen named vice president and direc west Business Credit, Inc. Robert C. tor of human resources for FirsTier, Severson was named vice president Inc. She will be responsible for the of the marketing division. He pre # personnel functions of all subsidi viously served as senior new busi aries of FirsTier. Ms. Kelley former ness executive in that department, ly was vice president and personnel and has been with Norwest for 13 director for First Oklahoma Bancor- years. Ronald D. Weis was pro poration, Inc., an Oklahoma City- moted to vice president, loan admin istration, after serving as assistant # based bank holding company. vice president since 1978. He joined NBCI in 1975. Robert G. Riggs was also promoted to vice president, ac counting and field exam depart ment. He was previously assistant vice president, field examinations since 1983. Fortify your earnings with quality investm ent programs. ne Wisconsin News EAU CLAIRE: Recently named vice president at First Wisconsin National Bank were Charles W. For ster, Allan G. Grosskopf, Richard J. Peterson and Mark C. Vollendorf. Mr. Forster has been with the bank since 1973, most recently as assis tant vice president, commercial loans. Mr. Grosskopf joined the bank in 1972 and was most recently assistant vice president in corres pondent banking. Mr. Peterson started with the bank in 1971 and previously served as assistant vice president, commercial loans. Mr. Vollendorf also joined the bank in 1971 and most recently served as assistant vice president, commercial loans. FENNIMORE: W .A. Krause has announced the sale of the First State Bank, Fennimore, Wis. to Ronald F. Dargo, Verona, Wis. and Jerome J. Bushman, Rosholt, Wis. Douglas A. Martin will continue to serve as president and CEO. Control of the bank had been in the hands of W .A. Krause, Hampton, la., T.S. Gentle, Iowa Falls, la., and A.C. Benton, Hampton, la. Colorado News BOULDER: James I. Collins has joined Colorado National B a n k Boulder as vice president/cashier. He was most recently with CNB— Northeast. FINANCIAL PLACEM ENTS a division of BANK NHWS Call Larry Vohs 8 1 6 /4 2 1 -7 9 4 1 BANK EXPERIENCED CONSULTANTS for your PROFESSIONAL ASSISTANCE Job Openings CEO/PRESIDENT— Missouri—$60K CEO/PRESIDENT—Oklahoma—$45K CEO/PRESIDENT—Wyoming—$40K CEO/PRESIDENT— K ansas-$40K SVP. SR. LENDER— Iowa—$55K EVP. SR. LENDER—Oklahoma—$55K SVP TRUST O F F IC E R -N eb r—$45K VP RETAIL BANKQ— Iowa—$Open HC AUDIT MQR— Missouri—$40K VP COM’L LOANS— Nebr—$40K V.P. COM’L/AG LOANS— Ks—$40K CONS/COM’L MQR— N. Max—$37K TRUST/FPLN/MKTQ— Kansas—$40K BOND TRADER— Nebraska—$39K PERSONAL T R U S T-Io w a—$43K COM’L CLIENT R E P -lo w a —$35K AVP OPERATIONS-Kansas—$35K CASHIER/OPERATION—Iowa—$25K + AVP CASH/OPER-Kansas—$27K AVP COM’L/CONS—Oklahoma—$30K AVP AQ LOANS— Kansas—$30K AVP AQ LOANS— Colorado—$24K AVP COM’L LOAN— Nebraska—$26K OTHER POSITIONS AVAILABLE PLEASE INQUIRE If you are interested In a career move, mail your resume In strict confldence to FINANCIAL PLACEMENTS, P.O. Box 13786, K.C., Mo. 64199, or call 816-421*7941. WANT ADS— Rates are $5.00 per line per insertion. Add $3.00 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. Ag Banking Specialists Let us help w ith your career advancement or staffing needs. Call in confidence, w ithout obligation. Employ ers pay our reasonable fee to hire the best. P O S IT IO N A V A IL A B L E LOAN OFFICER—2-5 years experience. Farm lending background essential. Send resume to American State Bank, P.O. Box 280, Erskine, M N 56535. (PA) SENIOR AQ OFFICER for major midwest correspondent bank. Must have ag loan experience In larger b a n k ___ ...................................................................... Salary to $42,000 TRUST OFFICER for $50 million bank In eastern Iowa Must have law degree and two or more years experience ................................................................... .Salary to $30,000 SR AQ LOAN ADMINISTRATOR— Mid-western bank hold ing company seeks strong Ag Lender to oversee entire Ag Loan Portfolio. Must have record of sound credit Judg ment, ability to deal with problem credits, thorough work ing knowledge of loan documentation and related laws in the areas of UPC, bankruptcy, real estate, ATC. Must also have complete understanding of Community Bank Opera tions. Contact File WDR, c/o Northwestern Banker. (PA) COMMERCIAL LOAN OFFICER—2-3 years minimum ex perience required, excellent career opportunity. Contact either Larry Geisinger or John Bowen, Hawkeye Bank & Trust, Spencer, IA 51301 or cal I (712) 262-1940. (PA) Financial Careers CEO for $60 million Independent bank In midwest. Excel lent opportunity for person with good track record___ ......................................................................... Salary $65,000. COMMERCIAL LENDER with three or more years exper ence for $75 million bank In midwest city of 100,000 . . . ............................................... Salary Linda 515/394-5827 New Hampton, la. 50659 Jean 515/263-9598 (W/F) 712/779-3567 (M/T/TH) Massena, Iowa 50853 aqri cxrœrs, inc . -J A G B A N K IN G P ER SO N N EL SPECIALJSTS AQ LENDER for $45 million bank In northern Missouri. Pre fer two or more years experience pi us col lege degree . ......................................................................Salary to $30,000 COMMERCIAL LENDER8 for Illinois banks located In North & Central a re a s .............................Salary to $35,000. FARM MANAGER for $160 million Illinois b ank ............ ..............................................................................Salary open AQ LENDER for major Central Illinois b a n k .......... ...... ..................................................................... Salary to $35,000 #2 OFFICER for bank In university city.. . Salary to $42,000 COMMERCIAL MORTQAQE person for major multi-bank g ro u p ................................................................... Salary open AUDITOR for $180 million midwest bank. CPA a + but no required............................................................ Salary $25,000 CASHIER w/some lending exp. for suburban bank In la .. . ......................................................................Salary to $30,000 CEO to head $60 million troubled bank........Salary $65,000 Please call Malcolm Freeland or Cy Kirk in care of: Freeland Financial Service 1010 Equitable Bldg. Dee Moines, IA 50309 615/282-0402 Employer pays fee. Estate Appraisals CRT. Contact: John W. Hopkins, Albert City Savings Bank, Box 128, Albert City, IA 50510. (712) 843-2211. (WTB) BURROUGHS 8658 8INQLE POCKET PROOF MACHINE. $1,000 or best offer. Contact Mike Mattson at First State Purchase of Collections Sale o f Rare Coins R e lia b le an d r e sp e cte d serv ice fo r o v e r 20 years U sed b y ba n k ers th ro u g h o u t the m idw est Ben E. Marlenee Coins 913 Locust Des M oines, Iowa 50309 515-243-8064 POSITIONS AVAILABLE POSITIONS AVAILABLE CASHIER - Rapidly expanding bank holding co seeks oper ations mgr to oversee co’s activities. 5 + yrs operations In a$35mm + bank some lending exp a plus. $30K. B A N K IN G S P E C IA L IS T S LENDING • TRUST • OPERATIONS 8R VP - Large city bank with $70mm portfolio seeks comm’l lender with mgmt skills and strong loan analysis skills. High visibility spot, presidential potential. $60K. Serving the Entire Upper Midwest AQ LOAN OFFICER • Strong documentation skills needed for large bank in excellent MW location. 4-5 yrs of banking and an understanding of the current banking environment. $28K. FOR FURTHER INFORMATION FOR THESE AND OTHER POSITIONS RESPOND IN CONFIDENCE TO: KURT ROSENCRANTS AT (515) 244-4414 For Prompt, Courteous, Professional Attention T o Y o u r S t a ffin g Needs, Call On Us. Diane Evans 816/842-3860 COMM’L LOAN - $100MM suburban bank with aggressive new ownership. Prefer five to seven yrs. experience In sim ilar size bank. $40K COMM’L LOAN/BIZ DEV • $80MM suburban bank affiliated with major holding company. Emphasis on new business development but need solid credit background. $35K V SENIOR LENDER • $150MM suburban bank with large comm’l and real estate portfolio. Second position In bank with opportunity to advance. $Qpen REAL ESTATE LOAN • Junior position In large suburban bank. Will assume some duties In construction and comm’l real estate depts. plus handle residential loans. $23K ^ ™ AQRI-LOAN • $25MM community bank with 50% of loans In agri-credits. Prefer background In cattle financing. $30K Additional positions available for experienced bankers. 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 ALL FEES COMPANY PAID R e g e n c y RECRUITERS, INC. 1102 Grand Avenue, Kansas City, MO 64106 TOM HAGAN & ASSOCIATES 2024 Swift - Box 12346 North Kansas City, MO 64116 818/474-6874 “ Serving the Banking Industry Since 1970’’ Vol. 14 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, $18.00 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 0 to $35,000
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