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Vol. 9 No. 23 Des Moines, Iowa “ Regulations Threat to Small Banks” « T HE most important threat facing community bankers in the 1980s is the suffocating and escalating burden of additional reg ulation,” according to Willis W. Alexander, executive vice president of the American Bankers Associ ation. Speaking before registrants at the 94th annual convention of the Iowa Bankers Association in Des Moines last week, Mr. Alexander pointed out that these regulations are com ing from the same source that origi nates banks’ operating capabilities. Increased regulation leads to in creased frustration, lost motion and waste, he said. “ This has the possi bility of being the last straw—unless the trend is reversed—in terms of community banks.” Mr. Alexander added that while large city banks have the lawyers and resources to fight government intrusion, community banks are often left with no other alternative than to live with the rules. “ There is this new phenomenon of a compliance examination,” he con tinued. “ The rules are unclear. There is a lack of intimate know ledge of banking by the regulators writing the regulations.” The A B A executive also express ed concern over the “ special” com pliance examination review. “ I think we as bankers Eire heading for trouble if these exams are allowed to continue.” Part of the problem, Mr. Alex ander maintained, is that bankers hesitate to put up too much of a pro test because of “ erosion of respect for society , the fear of recrimination if we step on the federal regulator.” “ I see this emerging adversarial relationship between the compliance examiner and the community bank er,” he continued. “ However, we can do plenty together if we realize there is no quick fix.” Mr. Alexander pointed out some September 29,1980 the silliness of some of these rules,” he said. • Use the American Bankers Association and your state banking association as a reference after an examination. If you receive a nega tive report, check to see what went wrong and if indeed you are “ norm al.” There are other forces of change effecting the banking industry in this decade, Mr. Alexander pointed out—the decline of uniqueness in services, the escalating pace of com petition, the disappearance of price fixing and the loss of market share —but none as potentially damaging as federal regulation. “ Together we can accomplish anything that is right,” he concluded. “ We owe something to the future. ” □ New Iowa Officers WILLIS W. ALEXANDER steps bankers can take to establish a better working relationship with the regulators: • Attend the on-going series of seminars put on by the Office of the Comptroller of the Currency, Fed eral Reserve System and the Federal Deposit Insurance Corporation. • Call a special meeting of your board of directors and invite your congressman to attend. “ Show him Edward L. Tubbs advanced to the presidency of the Iowa Bankers Association at the group’s 94th annual convention in Des Moines last week. Mr. Tubbs, chairman of the Maquoketa State Bank, suc ceeds Leslie H. Olson, president of the Toy National Bank, Sioux City. Elected president-elect of the IB A was Tom C. Dunlap, chairman and president, South Story Bank & Trust, Slater. L. C. “ Bud” Pike, president, Farmers Savings Bank, Grundy Center, continues a twoyear term as IB A treasurer, and Neil Milner is the full-time executive vice president and secretary. A complete report with pictures of Don't gam ble w hen choosing a correspondent bonk. Com e to the professionals. For any correspondent bonking need . . . overline assistance, d a ta processing services, investm ent counseling . . . just g ive us a call. W e're the professionals w h o put the response in correspondent bonking. Hi Central National Bank & Trust Com pany DES MOINES • MEMBER FDIC • TOLL FREE NUMBER (800) 362-1615 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Cyrus D. Kirk, Vice President 2 A Bank on a BANKERS’ BANKER Call 1-800-362-1688, toll-free in Iowa We’re people who can help w ith ag lending. For a g lending, data processing, overlines, an d investm ent services . . . w e ’ re the p e o p le ’ w h o can help. We’ re more than western Iowa’s largest bank. We’re people. Ken Roeder Correspondent Bank Officer 712/277-6580 IP¡ Wt* _ SECURITY NATIONAL BANK IN SIOUX CITY. IOWA. MEMBER F.D.I.C. ^ ** Securjty Nafonal Bank ff- the convention will appear in the October N o r t h w e s t e r n B a n k e r . Another Candidate for Chicago Fed Board Dan Priske, president of Citizens National Bank in Marshfield, W is., has added his name to the list of bankers seeking nomination from Group 3 banks for the open Class A seat on the Chicago Federal Reserve Bank board of directors. Two other can didates, announced in last week’s issue, are O. Jay Tomson, president, Citizens National Bank, Charles City, la ., and James P. Ghiglieri Sr., president, Citizens National Bank, Toluca, 111. Iowa News AM ES: Gary M. Mulhall has been appointed a senior vice president at Union Story Trust and Savings Bank. A native of Ames, he has been associated with the University for the past 10 years. His responsi b ilities w ill include custom er relations. Also at Union Story, James R. Michaud and Harold D. Brinkman have been elected to the board of directors. DES MOINES: Dale K. DeKoster, president of the Waterloo Savings Bank, is scheduled to become the new state vice president from Iowa for the American Bankers Associ ation. He will succeed Christy F. Armstrong, president of the Ameri can T rust & Savings Bank, Dubuque. Three bankers have been nominated for A B A council repre sentative: Richard Buxton, presi dent, People Trust & Savings Bank, Indianola; Jack Campbell, presi dent, Humboldt Trust & Savings Bank, and Leslie H. Olson, presi dent, Toy National Bank, Sioux City. The results will be announced following a mail ballot. ELDORA: The Second National Bank has changed its name to Hawkeye Bank and Trust. The bank is a member of Hawkeye Bancorporation. FORT MADISON: Thomas H. Mohrfeld will join the staff of Fort Madison Bank & Trust Co. on Octo ber 1, 1980, President A. Anthes Smith has announced. He will be a vice president and director of busi ness development. KELLOGG: The Kellogg Savings Bank has received regulatory approval to change its name to the Kellogg-Sully Bank and Trust. LARCH WOOD: Lyle Impecovan has joined the staff of the Security Savings Bank, President H. R. Bonander has announced. Mr. Im pecovan has served as an auditor for N orthw est B ancorporation and most recently has served as the cashier at the Northwestern State Bank, Luveme. MANCHESTER: Larry Hillers has joined the staff of the Delhi Savings Bank as its new vice president. He brings 16 years banking and insur ance experience to his new position. *> MT. AYR: The Tingley State Sav ings Bank has received consent from the Iowa department of banking to move its charter to Mt. Ayr. Plans have been announced for a new headquarters building in Mt. Ayr. An office will be maintained in Tingley. Both towns are located in Ringgold County. M: y *>k- UNION: The Union-Whitten State Savings Bank plans an open house to celebrate its 50th year, according to President Ray Anderson. Nebraska News CALLAW AY: Homer Pierce, presi dent of Seven Valleys State Bank, has announced the promotion of James Smith from assistant cashier to assistant vice president and loan officer of the bank. Mr. Smith re turned to Callaway from Omaha to join the bank staff in August of 1974. HOWELLS: Jerome F. VanAckeren died in Omaga. Mr. VanAckeren was vice president of the Howells Bank, where he had been employed for more than 30 years. McCOOK: Charles E. Cappel has accepted a position with The First National Bank as an instalment loan assistant. He was employed with Household Finance. OMAHA: James A. Hansen, presi dent and director of both Farmers State Bank & Trust Co. and First Savings Co. of Lexington, announc ed he is leaving his positions to assume the presidency of the North Side Bank in Omaha. CALL ON THE “PERFORM ANCE TEA M ” where com m on transections ere hcindled uncomm only well. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis p m FIRST NATIONAL LINCOLN 13th & M Street • Lincoln, Nebraska 68501 • Member, F.D.I.C. r*g.) f* 0 V Supplement to Northwestern Banker Newsletter 9-29-80 The Carleton D. Beh Company is pleased to announce our new toll-free line 1 800 532-1468 - - For your convenience it will be available beginning October 1. Carleton D. Beh Co. Investment Bankers/Financial Consultants 1300 Des Moines Building Des Moines, Iowa 50309 ■•S’ ► https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis G K S T GARY W. GRIFFIN JAMES L. KUBIK LARRY OLIN STEPHENS DAVID M. THOMPSON ANNOUNCE TH E FO R M A T IO N O F A N EW C O R P O R A T IO N GRIFFIN, KUBIK, STEPHENS & THOMPSON, INC. INVESTMENT BANKERS 55 EAST MONROE STREET FORTY-THIRD FLOOR CHICAGO, ILLINOIS 60603 312/346-6450 DEDICATED TO EXCELLENCE IN THE MUNICIPAL FIELD StCUMTCS INVESTORPROTECTIONCORPORATION MEMBER NASD Supplement to Northwestern Banker Newsletter 9-29-80 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3 Ti i Department For up-to-the-minute, Tom Steffens John Henderson Tony Paugoulatos Vice President Vice President Asst.VicePresident Asst.Vice President Bond Officer Jim McLaughlin Bond Representative 234-2462 234-2463 234-2647 234-2691 234-2673 Rusty Reese 234-2674 Dave Wittenborn accurate 'n^orma*'on wsi C o m m e r c e Ba n k of Kansas city iJ ^ Member FDIC 1 OMAHA: Roy Dinsdale, president of Dinsdale Brothers Incorporated, was elected a director of The Omaha National Bank, according to John D. Woods, board chairman and chief executive officer. Mr. Dinsdale has been president of Dinsdale Brothers since 1952. He also serves as a director of the First National Bank of Grand Island. O’NEILL: Francis N. Cronin, 80, retired chairman of the O’Neill Na tional Bank, died recently. He had been associated with the bank for over 60 years. TECUMSEH: The application of Sterling Bankshares Inc. to become the holding company for the Bank of Sterling has been approved by the Federal Reserve Bank of Kansas City. WAHOO: Marie Basel, retired vice president of First National Bank, died recently. Illinois News GENESEO: Wayne F. Wetzel was recently employed by Farmers Na tional Bank and elected as vice pres ident of the agricultural division. He was formerly associated with the State Bank of Annawan as its vice president. MOLINE: The board of directors of First National Bank has announced that Donna Dunton has been pro moted to cashier. Ms. Dunton joined First National as auditor in 1977, following employment in similar positions at First National Bank of Muscatine. Minnesota News ASK T E R R Y M AR TIN to make MNB work for you. Toll free 1- 800 - 332-5991 Merchants National Bank Member F.D.I.C. A 151 A BANKS OF IOWA' BANK https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis COLUMBIA HEIGHTS: M. L. “ Slim” Grotewold has been promot ed to executive vice president and chief operating officer at Marquette State Bank. Mr. Grotewald was vice president responsible for all lending activities and has been an officer of the bank since 1973. William A. Laing, past president of Marquette State Bank, will be assuming the position of president of Marquette Bank & Trust Co. of Rochester. Mr. Laing has been at Marquette State Bank since 1973. Larry Pietrzak has been appointed vice president in charge of commercial loans at Mar quette. He has been an assistant vice president and commercial loan i---- — - — -----------— ------ — -----— i i i □ I would like to sell my majority bank stock. □ I would like to buy ma jority bank stock. i l I i I Please Contact: J. Mason Henry Charles E. Walters Co., Inc. P.O. Box 1313, Omaha, Nebraska68101 Phone: (402)553-6400 l i I i | (816) 234-2000 officer with Marquette National Bank of Minneapolis for the past 16 years. MINNEAPOLIS: The Federal Re serve Bank approved the applica tion of Continental Bancshares Inc. to become a bank holding company through the acquisition of Gambles Continental State Bank of St. Paul. South Dakota News WATERTOW N: First National Bank observed its 100th annivers ary September 15-20. Pictures and highlights will appear in a coming magazine issue of N o r t h w e s t e r n B anker. North Dakota News MANDAN: The Seven Seas Motor Inn will be the meeting place for the “ Banking Challenges” Conference, sponsored by NDBA bank women, October 21-22. The conference is not restricted to women. Montana News BOZEMAN: James P. McGuire, vice president, Montana Bank, N .A ., will retire at the end of the month. Wyoming News LARAM IE: Total resources of all banks in the state has reached a new high of $3.1 billion as of June 30. "Opportunity IW IIr « I\ J I 1 I t » • • • ww Robert Scott, Correspondent Banker PARTIAL LIST OF AVAILABLE APPLICANTS INVESTMENT— BA with very high GPA and experi ence as a full service broker. Wants a spot in invest ments. $12,000 LOAN OFFICER—Graduate of ag banking school with experience as teller/bookkeeper. Good person for trainee position. $10,500 LENDING—Started as teller and has worked up to senior loan officer. Pays attention to detail and gets the job done. $14,500 LOAN OFFICER— BA in finance and 3 + years as a bank examiner. Evaluates both loans and operations. W ill consider lending or operations. $16,000 Burroughs check encoders: T-1000—$795 each, and T-1500—$895 each. NCR 152-70 teller machines. Completely recondition ed. Guaranteed. $495 each. Cal I (214) 757-7760 (FS) Loan Officer—Central Illinois bank seeking individual for lending responsibilities, primarily consumer and ag lending. Would be part of management team. Oper ations experience helpful, but not necessary. Send resume and salary requirements to file KBZ, c /o Northwestern Banker._______________________(PA) POSITION WANTED AG LOAN OFFICER: Opening in $20 million north west Iowa bank. Salary range $12-18,000 depending on experience. BANKERS AVAILABLE INSTALLMENT LOAN MANAGER: Eastern Colorado bank; $4 m illion department. Salary range to $20,000. CEO with solid lending and administrative back ground ............................................................... $35,000 SeniorVP, commercial loans ..........................$30,000 Commercial Loan Officer ................................$20,000 Ag Lending O fficers......................................... $22,000 instalment Loan O fficer....................................$22,000 Loan Officer with insurance lic e n s e ................ $23,000 Write or call Malcolm Freeland, Freeland Financial Service, Inc., 306 - 15th Street, Des Moines, IA 50309. Phone (515) 244-8163. Employer pays fee.______ (PW) Experienced Commercial lender; Robt. Morris and formal bank training. Ten years in Agri-business credit, production loans and real estate. Central States Grad-School of Banking. Resume and refer ences on request. Write file LBE, c /o Northwestern Banker.__________________________________ (PW) Thirty-four-year-old looking for second man position, with opportunity to assume head position w ithin 3-4 years, in a $30-40 m illion bank. Write file LBC, c /o Northwestern Banker. (PW) WANT TO BUY Combination night depository/letter drop with chest. Contact David Fuchs at Northwestern Bank, Ortonville, MN 56278. Phone (612) 839-2568._______ (WTB) Estate Appraisals Purchase of Collections Sale of Rare Coins Reliable and respected service for over 20 years Used by bankers throughout the midwest Ben E. Marlenee Coins 913 Locust Des Moines, Iowa 50309 515-243-8064 CREDIT CARD MANAGER—Skilled in all areas of credit cards. Service, accounting and collections. Has supervisory experience. An expert in setting up private label systems to fund merchants accounts receiv ables. $20,000 AG LENDER— BA in ag business, made the dean’s list; 2Vi years experience includes analyzing loans, managing farms, soliciting new business and making farm calls. $17,500 COMMERCIAL LENDER—Certified commercial lend er. Heavy in lending, analysis and collections. Exper ience with six figure loans and can develop new busi ness. $25,000 VP—Currently vice president with $50 + mm bank. Solid in lending, credit and operations. Responsible for banks conformity to state and federal laws. $28,000 FOR MORE INFORMATION RESPOND IN CONFIDENCE TO: Bank Division AGRI LOAN OFFICER: Mature person experienced in large agri credits for south Missouri bank. Salary open. COMMERCIAL LOAN OFFICER: Strong loan experi ence required for north Missouri bank. Salary to $30,000. Above listings fee paid by employer. We are a person nel service specializing in bank placements. If you are seeking an additional officer or wish to relocate, we can help. Write us regarding your needs at P.O. Box 13786, Kansas City, Mo. 64199. Or stop by at 912 Baltimore, Kansas City. (816) 421-7941.___________ (PA) IMMEDIATE OPENING for an experienced instalment loan officer in a $26 million bank located in north cen tral Minnesota’s lake country. Salary commensurate with experience. Excellent benefits, with an opportun ity to move into senior management in the future. Send resume to file LBA, c /o Northwestern Bank e r______________________________________ (PA) Bank President. Medium-sized bank located near Twin Cities. Send resume to file LBD, cl o Northwestern Banker.________________________________ (PA) $40 m illion bank seeking experienced agricultural lending officer. Proven ability to work effectively with people and demonstrated the ability to manage a suc cessful loan portfolio. Submit resume, with salary re quirements, to file LBF, c /o Northwestern Bank e r_______________________________________ (PA) LOAN OFFICER— Immediate opening for an officer with experience in agricultural and commercial loans. Send resume to J.H. Hanson at The Security State Bank, Box1291, Poison, MT59860.____________ (PA) POSITIONS AVAILABLE Operations Officer, with 3-5 years experience, wanted by community bank in Colorado ski resort area. CPA or bank auditor degree with banking experience wanted by $45 million Iowa bank. Second Person wanted by community bank in north west Iowa. Write or call Malcolm Freeland, Freeland Financial Service, Inc., 306 - 15th Street, Des Moines, IA 50309. Phone (515) 244-8163. Employer pays fee.______ (PA) UPDATE YOUR ALARMS Security and video systems profes sionally designed to fit all your needs. For information and complete survey call: SECURITY SYSTEMS, INC. 3920 Delaware Des Moines, IA 50316 [515] 265-1161 ROBERT HALF of Iowa, Inc. 317 6th Ave Des Moines, IA 50309 (515) 244-4414 *ri ALL FEES COMPANY PAID AG BANKING CAREERS AG LENDING REP. . .Io w a ..............................$20,000 FARM/AG FINANCE. . .Illinois ....................$20,000 VICE PRESIDENT. . .Minnesota ....................$20,000 CREDIT MANAGER. . .Wisconsin ................$16,000 AG LOAN REP. . .Iowa ................................. $20,000 LOAN OFFICER. . .Io w a ............................$15-20,000 Since 1968, banks and other ag-related employers have been paying us to find the personnel they need. For more information, give Linda (our banking spec ialist) a call today. 515-394-3145 New Hampton, IA 50659 CASHIER— Management opportunity with $25MM Iowa bank. Duties include operations and comp troller’s function.................................................$20,000 COMMERCIAL LOAN— Medium size Rocky Mountain bank seeks senior commercial lender. Supervise in stalment, real estate and commercial depart ments.................................................................. $28,000 PRESIDENT—$25MM bank close to major metro politan area. Must be strong lender and have current administrative responsibilities......................... $40,000 AGRI LOAN— Handle $8MM department fo r rural Kansas bank. Additional duties include ag credit department with $3MM portfolio.......................$22,000 AG LENDER— Medium size Nebraska bank seeks addition to ag department. Prefer ag related degree and 3-4 years lending experience...................... $24,000 FINANCIAL OFFICER—$40MM rural bank desires controller to handle reports, investments and liability side of ledger...................................................... $25,000 JUNIOR LOAN— Bank located in Missouri resort area wishes to hire collector with some lending experience. Good opportunity for advancement................ $14,000 Sample of current listings. Salary history and resume requested. TOM HAGAN & ASSOCIATES 2024 Swift / P.O. Box 12346 North Kansas City, Missouri 64116 _____________ Phone (816) 474-6874_____________ Voi. 9 No. 23 Northwestern Banker Newsletter [USPS 873-300] is published weekly by the Northwestern Banker Company, 306 Fifteenth Street, Des Moines, Iowa 50309. Subscriptions 25 cents per copy, $8.00 per year. Second class postage paid at Des Moines, https://fraser.stlouisfed.org Iowa. Address all mail subscriptions, changes of address [Form 3579], manuscripts, mail items to above address. Federal Reserve Bank of St. Louis h
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