The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
At Leadership Conference in Washington ABA Seeks Urgent Congressional Action on Basic Banking Structure ORE THAN 400 members of M the ABA Banking Leadership Conference ended their latest meet ing in Washington on September 18 with an “urgent call upon Congress and the Administration to deal with the basic structure of the financial services industry. The current legal framework is totally out of date and has raised serious questions about the future strength of the nation’s fi nancial system and about bank’s ability to serve their customers. ABA urged the government to act without delay to establish a new na tional policy on banking,” said the statement released by ABA. The statement went on to cover these specific points: “With respect to legislation pend ing in this Congress, the Banking Leadership Conference supports enactment of the regulators’ emer gency acquisition bill. The banking leadership would also support FSLIC recapitalization if such legis lation is accompanied by provisions requiring strengthened S&L capital and accounting standards compar able to those of banks. “ The Leadership Conference called upon Congress to close the nonbank-bank loophole and to authorize new product and service opportunities for banking. Effective closure of the nonbank-bank loop hole is urgent, and the banking leadership is concerned that the pro visions related to the nonbank-bank loophole will be so watered down as to be ineffective. ABA will work to maintain the integrity of the non bank-bank provisions. At the same time, ABA is unalterably opposed to any new restrictions on banking ser vices, especially the Dodd Amend ment that would limit insurance ser vices. “The 99th Congress has had ample time and opportunity to ad dress these issues but to date has failed to do so. The members of the Banking Leadership Conference are concerned, however, about the impli cations of an attem pt to consider a number of critical issues in the ex tremely limited time remaining for this Congress. Such rushed legisla tive efforts frequently produce unin tended, harmful results. Any legisla tive package considered by the Con gress in the final days or hours of the 99th Congress will have to be evaluated on its merits.” * * * A nother developm ent taking place in Washington is the General Accounting Office’s effort to finally assess premiums on foreign deposits held by the major banks in the United States. This step has been pressed for some time because those banks, in effect, have been told they are too big to fail; therefore, any foreign depositor, for whom no pre mium deposits are currently being paid by those banks to FDIC, would be made whole by FDIC reimburse ment, or a rescue plan similar to one given to Continental Illinois Na tional Bank and Trust Co. of Chi cago. However, the new gimmick in the GAO push to collect premiums through FDIC on these deposits is to have those premium payments funnel directly through the FDIC and into the general fund of the Treasury to be used for deficit reduc tion ju st like any other added tax collection. “A dangerous prece dent,” is the way angry bankers responded when they heard of this effort in Washington 10 days ago. It would still put the FDIC and its $18 to $19 billion fund at risk, but would withhold the premiums th at should contribute to protection of those de posits. An additional cause for concern to many banks is the constant push for merging of the FDIC and FSLIC funds. As noted above, FDIC has $18 to $19 billion in its insurance fund. FSLIC earlier had $6 billion and that reportedly is diluted by perhaps $2 to $3 billion for shoringup commitments. FSLIC officials told visiting bankers in Washington as far back as last April that it had 200 to 400 savings and loans that ac- SPRENGER, JENNINGS AND DOLL Commerce Bank O utsid e M issouri call 1-800-821-2180 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis In M issouri call 1-800-892-7100 o f Kansas City Memher FDIC • tions are: Oct. 6—Iowa Western Community College, Council Bluffs; NORW EST BANKS Call (515) 245-3131 or toll-free (800) 362-2514 Oct. 6—North Iowa Area Communi Member FDIC ty College, Mason City; Oct. 7—Siebens Forum, Buena Vista College, Storm Lake; Oct. 7—Hawkeye Insti tute of Technology, Waterloo; Oct. Ye am work: 8—Iowa Lakes Community College, one of the reasons Emmetsburg; Oct. 8—Northeast Iowa Technical Institute, Dubuque; we're first in Iowa. Oct. 9—Ellsworth Junior College, Iowa Falls; Oct. 9—Kirkwood Com Mark Conway munity College, Cedar Rapids; Oct. 14—Southeastern Community Col tually were insolvent “but we don’t regulatory requirements that banks lege, Burlington; Oct. 15—Indian □ Hills Community College, Ottumwa; have the money to close them.” must adhere to. When the statement was made to Oct. 16—Savery Hotel, Des Moines. Iowa News them, “In other words, if these were Contact the IBA office to register. The Iowa Bankers Association commercial banks, the regulators would close them and FDIC would will be sponsoring a staff training DES MOINES: Howard K. Hall, 50, have to pay off,” the simple re seminar for all front-line staff, has submitted his resignation, effec sponse from the chief examiner was, supervisors and managers, to be tive October 10, as deputy superin “That’s right.” In other words, held Oct. 6-9 and 14-16 at 11 loca tendent of the Iowa department of dozens of small banks are being tions. The afternoon program, banking. Mr. Hall will join the closed while their s&l competitors “Achieving Peak Performance,” fea Garst/Chrystal bank organization tures registration at 1:30 p.m. and October 20 to assist William Hess in are allowed to remain open! Former FDIC Chairman Bill seminar from 2:00 to 4:30. The even supervision of the group’s six banks. Isaac, now president and CEO of ing session, “How Safe is My Mr. Hess is president of the Iowa The Secura Group, a financial con Money,” is designed to teach bank Savings Bank in Coon Rapids, the sulting services firm in Washington, staff how to deal with questions home bank. Mr. Hall joined the D.C., states good reasons why the about bank safety. Registration is at banking department in 1958 upon two funds should be merged, pri 6:30 p.m. with the program from graduating from Parsons College. marily because it would force s&ls to 7:00 to 9:15. Cost for the afternoon abide by the same capital and other is $45 for members, $60 for sub RED OAK: George E. Maher, presi scribers and $75 for nonmembers, dent of Houghton State Bank, heads with $10 additional at the door. Cost an investment group that will pur for the evening session is $30 for chase the bank from Hawkeye Banmembers, $40 for subscribers and corporation of Des Moines. Joining $50 for nonmembers, with $10 addi with Mr. Maher in the purchase are tional at the door. Dates and loca Robert A. Ward, executive vice Norwest Bank Des Moines, N.A. I t's easier to talk Iowa banking with people who live it — people like Steve Brewer and the corre spondent staff at Bankers Trust. Call 1-800-362-1688 or 515/245-2424. ASK DENNIS EARHART Bankers Trust Des Moines, IA Member FDIC to make MNB work for you. Toll free 1- 800- 332-5991 M erchants N ational B ank Member F.D.I.C. There Is A Difference In Banks... For Professional ' Correspondent Service Call 1-800-622-7262 H. PETER De ROSIER Vice President 151 A BANKS OF IOWA BANK https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Steve Brewer Commercial Banking Officer Valley National Bank ill Main Office-Sixth and Walnut D ES MOIN ES, IOWA 50304 . • Bond portfolios working at full power. The performance of your bank’s bond portfolio is based on sound thinking and quality investments. Investments that will consistently work at full power to contribute to the earnings of your bank. Bond portfolio recommendations have been our specialty since the 1920s, and our track record is enviable. Although investment vehicles and markets have changed, we’ve maintained our high standards. The result is success for our customers and a reputation that precedes us. For confidential consultation about the benefits of investment banking at United Missouri, call (816) 556-7200 today. ki UNITED MISSOURI BANK of Kansas City, n.a. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis P.O. Box 226 Kansas City, Missouri 64141 Supplement to Northwestern Banker Newsletter 9-29-86 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ATTENTION IOWA BANKERS Directors and Officers Limited Liability Insurance is now available coverage up to $100,000 Call or Write Now exclusively represented in Iowa by Iowa Bankers Insurance and Services, Inc. 1-800-532-1423 (Iowa) 515-286-4344 THE KANSAS BANKERS SURETY COMPANY 435 Kansas Avenue P.O. Box 1654 Topeka, Kansas 66601 1 - 913 - 234-2631 Serving bankers for more than 75 years https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Supplement to Northwestern Banker Newsletter 9-29-86 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3 C all on th e “ Experienced P rofessionals” Ready to m eet your correspondent needs. president, and Peter G. Hult, senior vice president, as well as other Red Oak area businessmen. Houghton State currently has $56.5 million in assets and $51 million in deposits. Capital accounts total $4,628,000. TRAER: William C. Talen, presi dent and owner of Farmers Savings Bank here, and Melvin Kupka, presi dent and owner of First Community Bank & Trust, also of Traer, have announced agreement in principle for Mr. Talen’s holding company to purchase Mr. Kupka’s holding com pany. Farmers Savings has assets of $48 million and First Community has $24 million. The transaction, which requires supervisory appro val, also would include Mr. Kupka’s First National Bank of Tama Coun ty in Dysart, which has $13 million assets. The Dysart bank has offices in Clutier and Vining. Nebraska News BURCHARD: Adrian Falgione has resigned from his position as presi dent of the State Bank of Burchard and the State Bank of Sterling to pur sue a law career in South Carolina. His successor is Steve Sallenbach, who has been serving as controller at the First National Bank, Wahoo. FRIEND: The First National Bank in Friend has been sold to Robert C. Asmus and Steven R. Bloch of Omaha. The sale was effective Aug ust 5. OGALLALA: Dave Doll, branch president of the Adams Bank & Trust Company, has resigned to ac cept an investment position in Oroville, Calif. He is succeeded by David Christensen, former execu tive vice president of the bank. Minnesota News The Minnesota Bankers Associa tion will sponsor a Head Teller Workshop Oct. 15-16 at the Sunwood Inn in St. Cloud. The program will address topics such as producti vity reinforcement, time manage ment, managing by results, goal set ting, performance review and feed back, dealing with a marginal per formance, self motivation, and cross selling. Bev Licata, vice president, Digitized Financial for FRASER Education and Develop https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ^FirsTierB ank Lincoln 13th & M S treets, Lincoln, N e b ra sks 68501 ment, will conduct the program. The workshop is part of a series: two more Head Teller Workshops sire planned for January in Moorhead and April in Bloomington. NORTHFIELD: H.B. (Bemie) Renander has been elected president and CEO of Norwest Bank Northfield, effective Nov. 1. Currently re gional vice president and controller for Norwest’s Region III, he will succeed Wilmer C. Brosz, who has been elected chairman of the bank. Mr. Brosz has held his previous posi tion since 1970, and Mr. Renander has served in his since 1982. Firsfier Bank, N.A., Lincoln, Member FDIC ly, of the Draper State Bank in Dra per, S.D., and directors Leroy Louder, Frank Brost, Orville Fuoss, Martha Renkin and Steve Hayes. Presho had 1985 year-end assets of $19.5 million and will become part of Draper State Bank. * * * The South D akota B ankers A ssociation has cancelled its planned teleconference on “Tax Re form 1986—Its Impact on Your Bank,” scheduled for October 2 at Sheraton Inn, Aberdeen. The SDBA has urged interested bankers to con tact the Minnesota Bankers Asso ciation about attending a similar South Dakota News conference on the same date at the First Bank System, headquar Holiday Inn, Brooklyn Center (a tered in Minneapolis, announced Minneapolis suburb). September 18 the signing of pur chase agreements for the sale of two HOT SPRINGS: The board of direc more of the 45 First Bank locations tors of First Bank of South Dakota offered first to employees, directors has elected Jean Meadows and Rich and community members in August, ard Petersen vice presidents at First 1985. The sale of First Bank offices Bank Hot Springs. Ms. Meadows’ in Madison and Presho bring to 37 former position at the bank was as the number of locations for which sistant vice president and branch purchase agreements have been manager. Mr. Petersen joins the signed. bank from First System Services— Dan A. Culey, president of the North Dakota Region, where he was Madison office, and a group of em a credit administrator for the divest ployees, directors and community bank group in North Dakota, South members are buying the Madison of Dakota and central Minnesota. fice, which had 1985 year-end assets of $42 million. North Dakota News Purchasing the Presho office will be Mr. and Mrs. Keith Hayes, presi MINOT: Steven D. Velk has been dent and vice president, respective- promoted to vice president/senior 4 4 credit officer a t First Bank Minot. He joined First Bank Havre in 1981, and his most recent position there was vice president/manager, com mercial and retail banking division. acri CAREERS, INC. _J AG BANKING PERSONNEL SPECIALISTS LOAN REVIEW person for smaller banking group head quartered in Twin Cities area ...................Salary to $38,000 TRUST OFFICER with employee benefit experience. JD preferred but not required........................ Salary to $40,000 Colorado News DENVER: United Banks of Colo rado, Inc., will sell its affiliate banks in Montrose and Steamboat Springs as a part of securing Federal Re serve Board approval of its applica tion to acquire IntraW est Financial Corporation (Aug. 11 Newsletter). IntraW est also has banks in both those cities and they will be kept because of their strong performance and market penetration, according to N. Berne Hart, chairman and CEO of United Banks of Colorado. POSITIONS AVAILABLE BANK AUDITOR for major western III. b a n k ......................... ..................................................................... Salary to $30,000 CONSUMER LOAN OFFICER—$100K bank, central Iowa. Clean, strong loan portfolio. Salary commensurate with experience. Send resume to File No. WGW c/o North western Banker. (PA) LOAN REVIEW MANAGER—$250MM bank in eastern Iowa. Must be able to understand and do financial state ment spread sheets. Good public contact. Prior credit re view and bank examination experience required. Salary open. Send resume to File No. WGZ c/o Northwestern Banker. (PA) Sandl 515/394-5827 New Hampton, la. 50659 Jean 712/779-3567 Massena, la. 50853 Confidential. Employer paid fees REAL ESTATE LENDER with at least 5 years experience in sales, pricing and production. Knowledge of residential and commercial products. Will manage Secondary Market Activity ............................................................... Salary Open LENDER with Ag and Installment background for commu nity bank near Des Moines.........................Salary high $20s. AG LENDER with extensive loan review background for solid western Iowa bank. Excellent future in good commu nity .................. .........................................Salary to $36,000 FOR SALE Like new CHECK-MICROFICHE WHITE ROTARY POWER FILE (less than Vi new price). 1,456 in. cap.—ask us about bulk filing equipment. Tom (515) 223-8332 collect. (FS) SERVING THE UPPER MIDWEST Agricultural consulting & marketing firm looking for ex perienced AG LENDERS to work in the areas of financial analysis and commodity sales management. Responsibili ties include analyzing client operations, development of client marketing plans and ongoing consultations. Send resume to File No. WGU c/o Northwestern Banker. (PA) Immediate opening for an OPERATIONS OFFICER with some loan experience in a $42 million dollar bank in a Southeast Iowa county seat town. Send resume and salary requirements to file No. WGV, c/o Northwestern Banker. _______________________________________________ (PA) FINANCIAL CAREERS COMMERCIAL LENDER with degree and minimum of 3 yrs. of experience for prestigious bank in western Chicago suburbs....................................................... Salary to $35,000 R e g e n c y RECRUITERS, INC. Diane Evans 1102 Grand Avenue, Kansas City, MO 64106 816/842-3860 RYAN AUCTION CO., INC. Freeland Financial Service 1010 Equitable Bldg. Des Moines, IA 50309 515/282-6462 Employer pays fee. Please contact Malcolm Freeland concerning these posi tions or for other banking opportunities. POSITIONS WANTED SEEKING CEO position in midwest bank. Extensive experi ence restoring several banks to “clean” status from C&D. 14 years total experience, all phases of lending and senior management, CEO at three banks. File No. WGY c/o North western Banker. (PW) WANT TO BUY DO YOU need to sell property in Phoenix, Ariz? We spe cialize in selling properties for banks and savings and loans— residential, land, and small apartment fore closures. Excellent Phoenix bank references. Call Peter Linsey or Reta Johnson: 602/991-2929 or evenings 6021 840-7178. (WTB) Decorah, Iowa 52101 Farm Equipment Specialist Appraisals & Auctions Call Dale Ryan 319-382-8648 M A N A G E M E N T , INC. Consultant to Bankers Serving bankers quietly and efficiently. CAPITAL PERSONNEL SERVICE 714 First Interstate Bank Building Des Moines, Iowa 50309 515-283-2545 D O N - S C H O O L E R In AND t p p P ASSOCIATES "Successful Banking is Quality Personnel" POSITIONS AVAILABLE COMMERCIAL VICE PRESIDENT, $400mm clean bank, excellent location...............range of $40,000 CREDIT ANALYST/LOAN REVIEW, $400mm excel lent bank, top lo ca tio n .................range of $25,000 CANDIDATES AVAILABLE BRANCH MANAGER Fast growing h/c seeks mgr for $30m office in cty seat com. Supv 5 + , handle bus dev & take-charge of R/E oriented-people. $30K. AG LOAN OFFICER Rural bank near recreational area offers growth, strong port & professional envirn. Deg’d indiv w/3 + yrs of bkg exp in good ag bank. $24K. .2 OFFICER, $65mm bank, Illinois............ $50,000 COMMERCIAL LENDER, $140mm bank, 35,000 pop................................................... range of $30,000 EXECUTIVE VICE PRESIDENT, $60mm bank, 9,000 pop........................................... $50,000-$60,000 LOAN REVIEW/LOAN WORK-OUT SPECIALIST .. .........................................................$25,000-$40,000 OPERATIONS and STRATEGIC PLANNER, $100 + bank, 50,000 pop.............................................$25,000 VICE PRESIDENT, SENIOR LOAN OFFICER, $100+ bank, college town ......................... $50,000 FOR FURTHER INFORMATION CONTACT KURT ROSENCRANTS OPERATIONS, $300mm, excellent location OPEN IM I #2 OFFICER, lending and work outs, 4,000 pop. .. ........................................................................ $35,000 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 ALL FEES COMPANY PAID • Profit Planning 773 Spruce Street P.O. Box 159 Ocheyedan, Iowa 51354 Phone: [712] 758-3660 HEAD OF LENDING in a $300mm bank, popula tion 80,000+ ................................................$60,000 IN-CHARGE AUDITOR Min travel for aggressive bk sys. Will be located in Irg metro area & offer great benefits for 2 + yrs of audit in h/c college deg. $28K. ....... ....... • Loan Review and Credit Administration POSITIONS AVAILABLE CASHIER ■$25MM Ag Bank. Requires background with inhouse minicomputers and some knowledge of Agri Loans. $30K PRESIDENT ■Agri Bank with problem loans. Should have administrative experience and solid Agri Loan skills. $40K OPERATIONS - manage department of 35 for large urban bank. Experience with deposit accounting and account services required. $38K AGRI LOAN • community bank with large Ag portfolio. Seven yrs. or more Ag Lending experience needed. $35K COMMERCIAL LOAN • large suburban bank with $100MM loan portfolio. Degree and minimum 3 yrs. comml lending experience with six figure credits. $32K Additional positions available in Midwestern states. AG LOAN O F FIC E R ....................... $25,000-$40,000 TOM HAGAN & ASSOCIATES DON W. SCHOOLER 2508 East Meadow Springfield, Missouri 65804 (417) 882-2265 2024 Swift - Box 12346 North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry Since 1970” Vol. 15 No. 24 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 to Northwestern Banker, 1535 Linden St., #201, Des Moines, Iowa 50309. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
@FedFRASER