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Farm Debt Passes $132 Billion B ANKS maintained their nation al leadership among major lend ing institutions in providing nonreal estate agricultural credit in 1978, according to figures released by the American Bankers Associ ation (ABA). Results of the A B A Agricultural Bankers D iv ision ’ s annual farm credit ¡report indicated that banks provide $28.3 billion in non-real estate loans to the nation’s farmers — 10% more than in the previous year and representing almost half of the nearly $60 billion loaned by all lenders for farm operating, equip ment and other services. By comparison, Production Cred it Associations, the next leading non-real estate farm lender, provi ded $15 billion, while the Farmers Home Administration lent $5.8 bil lion in non-real estate farm loans, according to the A B A report. Total farm real estate debt as of January 1,1979, w as$72.2 billion, a 13% increase over the previous year’s debt. Of that amount, banks loaned $8.5 billion—a 10% increase over 1978 lending. B y com parison, Federal Land Banks provided $24.6 billion; life in surance com panies $10.1 billion ; and Farmers Home Administration $4.1 billion. The total national farm debt for all major lenders reached $132.2 bil lion as of January 1979, a 15% in crease over 1978 and an 80% in crease over the last five years. Banks in Iowa again led the way over all other states with a volume of $3.4 billion devoted to agricultur al lending, with over $3 billion of that amount devoted to non-real estate agricultural loans. Illinois was second with nearly $3 billion in suring our farm and ranch custo mers of continued loanable funds to meet their changing needs as reflec ted mostly by the cost of energy, w ater and la n d ,” he said. M r. Finson is also the president o f the National Bank of Monticello, 111. The Agricultural Bankers Confer ence, scheduled for November 1119, annually attracts nearly 2,000 agricultural bankers and experts in agricultural finance. Approximately 80% of the nearly 14,500 full service banks through out the nation make agricultural loans. Master Charge is Renamed CHARLES N. FINSON Chmn., Ag Bankers Div. agricultural loans—Texas and Cali fornia were third and fourth. “ How to maintain the leading market share of agricultural lending as rural banks are forced to compete for more expensive and more vola tile funds in the 1980s will be a major concern for agricultural bankers when they meet in Salt Lake City this November for the annual A B A Agricultural Bankers Conference,” said Charles N. Finson, chairman of the A B A Agricultural Bankers Di vision. Our efforts will be directed at en The Master Charge card is being renamed MasterCard. Interbank Card A sso cia tio n , which sponsors the card, said the change reflects the growth of the card beyond a simple charge card. Many banks, for example, cur rently use the card to allow custo mers to withdraw funds from their bank account through teller ma chines. Prime to 121A % Major banks led by Chase Man hattan Bank N .A ., New Y ork , boosted their prime rates to 12 X A% from 12 % last week. The action followed the previous increase by less than two weeks, and was viewed by some authorities as only a stepping stone to higher rates. CALL ON THE “PERFORM ANCE TEA M ” where common trsnsections are handled uncomm only well. wm m w 1 FIRST N A T IO N A L L IN C O L N 13th & M Street • Lincoln, Nebraska 68501 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis • Member, F.D.I.C. lohn M urano: BANKERS’ BANKER Vte’re Committed. For ag overlines, data processing, investment ser vices and all your correspondent banking needs, think of your Security Banker. We’re committed to helping you! Jim Hongslo/ Vice President Correspondent Banking 712/277-6625 Come Crow With us SECURITY N ATIO N A L BANK SIO UX CITY, IO W A 51101 the Lender, as follow: September 5, Sheraton Inn, Cedar Rapids, and Septem ber 6, H ilton Inn, Des Moines. An additional meeting will be held September 17 at Hilton Inn, Sioux City. Bankers Trust D es M oines, Iow a 5 0 3 0 4 Iowa News DES MOINES: Gene E. Loverink has been elected vice president of operations for Central N ational Bank & Trust Co. He was most recently vice president of admin istration at the N orthw estern National Bank in Sioux City and previously served at the Iowa-Des M oines N ational Bank. M ichael Murrane was elected senior farm manager. He joined the bank in 1965 as a farm manager. DES MOINES: IB A has announced that regional workshops will be held next week on Bankruptcy Law and give your com m unity a lot of help for its money. Bob Buenneke IOWA . Desplanes A A NATIONAL BANK Digitized for Mem FRASER ber FOl.C An A ffilia te o f N o rth w e s t B ^ c o r p o r a t io n Banco https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis DES MOINES: Greg Wolfe of the Des Moines office of E.F. Hutton has been assigned the additional duty o f G overnm ent G uaranteed Loan Specialist. E.F. Hutton is a leader in the development of the secondary m arket for S B A and FM H A loans. Mr. Wolfe is one of only 15 specialists in the nation that has been designated with this re sponsibility. P O S T V IL L E : Jerald D . S olberg has joined Citizens State Bank here as executive vice president. He is responsible for farm loans and com pliance requirem ents. M ost recently he was a vice president at the LeMars Savings Bank and has also served as an examiner for the Iowa Department of Banking. Nebraska News A S H T O N : Funeral services for Peter I. Badura, 82, president of the Ashton State Bank, were held last m onth. H is son, Rom an, is executive vice president of the bank. LEWELLEN: Jack Beard Jr. has joined the staff of the First National Bank here. He was form erly involved in computer sales with the NCR Corp. L IN C O L N : Jam es Stuart J r., president of the Commerce Group com panies, has announced the execution of an agreement whereby members of the Stuart family will purchase all of the shares of stock owned by Gene H. Tallman and Paul C. Schorr III in the following companies: Commerce Group, Inc., Com m erce G roup Grand Island, Com m erce G roup N orth P latte, Commerce Group Hastings, Com MEMBER F.D.I.C. ©1979SNB merce Group Kearney, Commerce G roup W est P oint and L incoln Bank South. In addition, Messrs. Schorr and Tallman will purchase the Stuart family interests in the following: Commerce Group State Fremont, Commerce Group Nation al Fremont and Lincoln Bank East. M r. Schorr is president o f Commonwealth Electric here. Mr. Tallman is president of Universal Surety Com pany and Inland Insurance Company. The transac tions are su b ject to federal regulatory approval. The other holding companies affiliated with Commerce Group and their subsidi ary banks will continue to operate w ithin the same fram ework and management as in the past. M E A D : A lice A . E rickson was recently promoted to cashier of the Bank of Mead. Formerly assistant cashier, she has been with the bank for 10 years. "A r For availability of funds, knowledgeable people and professional service, call our correspondent bank department. TO LL FREE 1 - 800 - 362-1615 H v»>4, èü% “C ” k* C entral National Bank & Trust Com pany LOCUST AT 6TH/DES MOINES, IA 50309 MEMBER FDIC AFFILIATED WITH CENTRAL NATIONAL BANCSHARES. INC V-' 3 Carleton D. Beh Co. ■ff Investment Bankers/Financial Consultants 5 NEW ISSUE MOODY‘S: S&P: *-4 A 1 A+ $150,000,000 WASHINGTON PUBLIC POWER SUPPLY SYSTEM Generating Facilities Revenue Bonds, Series 1979B (Nuclear Projects Nos. 4 and 5) Dated: Septem ber 1,1979 Denomination: $5,000 Both principal and semiannual interest (January 1 and July 1, first coupon due January 1, 1980) payable at Chemical Bank, New York City, New York; or at Harris Trust & Savings Bank, Chicago, Illinois; or at Ranier National Bank, Seattle, Washington. IN THE OPINION OF COUNSEL INTEREST ON THESE BONDS IS EXEMPT FROM ALL PRESENT FEDERAL INCOME TAXES. MATURITIES $1,685,000 1,790,000 1,900,000 2,015,000 2,140,000 7.00% July 1, 1989 7.10% July 1, 1990* July 1,,1991* July 1, 1992* July 1, 1993* 6.25 6.40 6.50 6.60 6.70 $2,275,000 2,415,000 2,565,000 2,730,000 2,900,000 3,090,000 7.10% July 1,1994* July 1,1995* July 1,1996* July 1,1997* July 1,1998* July 1,1999* 6.80 6.90 7.00 7.05 7.10 7.15 $14, 600,0007.40% dueJuly 1,, 2003* to yield 7.40 37, 425,000 7.60% due July 1, 2010* to yield 7.60 72,470,000 75/8% due July 1,2018* at 99.00 * *Optlonal in inverse order as a whole or in part beginning July 1,1989 at 103%; July 1,1991 at 102%; July 1,1996 at 101 %; and July 1,2001 at 100%. The Term Bonds are also subject to redemption at 100% plus accrued interest on January 1,2000, on January 1, 2004, and January 1, 2011, respectively, and on any interest payment date thereafter. - 4 -v a LEGALITY TO BE APPROVED BY WOOD & DAWSON, ATTORNEYS, NEW YORK, NEW YORK and by HOUGHTON, CLUCK, COUGHLIN & RILEY, SEATTLE, WASHINGTON pi-x » ¿j, ± 4 + ± 4 These bonds are part of an issue of Generating Facilities Revenue Bonds which are being issued for the purpose of paying the cost of acquisition and construction of Washington Public Power Supply System Nuclear Project No. 4, which is planned to have a net generating capability of 1,250,000 kilowatts, and the Supply Systems ownership share of the cost of acquisition and construction of Washington Public Power Supply System Nuclear Project No. 5, which is planned to have a net generating capability of 1,240,000 kilowatts, and for the purpose of paying the cost of certain work in connection with the acquisition and development of uranium bearing lands and the development of additional energy resources. The principal of and interest on the Bonds are payable solely from the Bond Fund created by the Resolution. The moneys pledged to the Bond Fund are limited to fixed amounts of the income, revenues and receipts derived by the Supply System through the ownership and operation by it of the Projects, including the revenues to be derived by the Supply System from the sale of power and energy from the Projects pursuant to the Participants’ Agreements and Bond proceeds. The Supply System has sold the entire capability of the Projects to 88 municipal corporations and cooperatives which own and operate electric distribution systems pursuant to certain agreements dated July 14,1976. Each Participant is obligated to pay the Supply System its share of the total annual cost of the Projects, including debt service on the Bonds and the required annual payments to the reserve funds described below, whether or not the Projects are operable or operating and notwithstanding the suspension, reduction or curtailment of the Projects’ output. We own and offer subject to prior sale and change in price and subject to our attorney’s approving opinion: 4s -V The information contained-herein is not guaranteed, but is derived from sources we deem reliable and is that on which our purchase of these bonds was based. Offered subject to prior sale and change in price. DesFRASER M oine s B u ilding • Des M oines, Iowa 50309 • 515-288-2152 Digitized for https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 607 M arq u e tte Ave. • M in ne a p o lis, M innesota 55402 • 612-332-8825 4 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 RISING CITY: Rosaletta Garhan has retired as senior vice president of the Farmers State Bank here. She join ed the bank in 1935 as a bookkeeper and later married Herschal Garhan who subsequently became president of the bank. She was named senior vice president in 1965. South Dakota News P IE R R E : Gene Hawk has been nam ed president o f the F irst National Bank in Pierre. He has been w ith the Bank o f Jackson (Wis.). Both banks are owned by Frank Farrar of Britton. WESSINGTON: Arnold Domke, president of. the Bank of Wessington, has announced the opening of the Tulare branch of the bank on August 20. Douglas Gregerson is the branch m anager. A grand opening will be held at a later date. North Dakota News B IS M A R C K : Chris D ahl, vice president of the Dakota Northwes tern Bank here, has announced plans to retire October 1 after 31 years of banking. He is in charge of commercial lending. Mr. Dahl will join DHR Enterprises dealing with land development, and Econ, Inc., which deals with oil recycling. HAZELTON: GordonC. Wentz has been elected executive vice presi dent of the Bank of Hazelton. He has been the bank’s cashier for the past 13 years. JohnC. Schanilec has been elected cashier. Mr. Schanilec was formerly assistant vice presi dent o f S ecu rity State Bank in DigitizedAdams. for FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ■ We have qualified buyers for your majority bank stock. | If you are ready to sell your bank | please contact: J. Mason Henry Insurance for Financial Institutions >► Automated Systems of Iowa, Inc. 301 N. Ankeny Blvd., Suite 220 Ankeny, la 50021 515-964-1358 i Charles E. Walters Co., Inc. P.O. Box 1313, Omaha, Nebraska 68101 Phone: (402) 553-6400 U——————————— MINOT: Daniel B. Langemo has been elected vice president and trust officer of the First Northwestern Trust Co. of North Dakota’s Minot sta tion , He was form erly an assistant trust officer in the company’s main office at Fargo. Montana News The M ontana Bankers A s s o c i ation w ill hold its Instalm ent L ending C onference Septem ber 12-14 at the Village Motor Inn in Missoula. Registration will begin at 3 p.m. on Wednesday. Following a welcome by M BA President Robert F. Burke Thurs day morning, Loren Wilson from the Comptroller of the Currency’s office w ill speak on “ Consum er Compliance.” Afternoon speakers on the topic “ Bankruptcy A ct” are Lino A . Marsillo, Missoula attor ney, and Bud Shane, registrar’s office, Deer Lodge. Friday’s topic is “ Interest Rate Laws, Filing Requirements Under UCC and Related TopicsX” Tw o speakers have been scheduled. Adjournment will be at noon. The Glacier Chapter of the Bank Administration Institute will hold its fall m eeting on S aturday, Septem ber 15, at Fairm ont H ot Springs in Butte. Officers, directors and committee chairmen will meet Friday evening to conduct routine business. •'* The session w ill open w ith keynote speaker Robert F. Burke, president o f the F irst N ational M ontana Bank, M issoula, and president of the Montana Bankers A ssocia tion , who w ill address “ Current State and N ational Banking Issues.” Representatives from the Montana Power Company S ERVING PR O FESSIO N A LLY Banking, Financial & Business Personnel Iowa and Nationwide CAPITAL PER SO N N EL SERVICE 714 Central National Bldg. 515-283-2545 Des Moines, Iowa 50309 and the. L oom is C orp ., S eattle, Wash., will also speak. The afternoon session is a group discussion on the subject “ What About Y our Problem? ’ ’ The meeting will close with an evening sympo sium and dinner. B U T T E : Jack Shipley has been elected vice president in charge of personal banking at the F irst Metals Bank & Trust Co. here. He has managed that department for a year and form erly served as assistant timepay manager. H E L E N A : Bruce R. T hom son retired September 1 as chairman of the F irst T rust C om pany o f Montana and chairman of the First National Bank & Trust Company of H elena. He concludes a 40-year banking career in both Montana and South Dakota. Colorado News AURORA: The proposed acquisi tion of Buckingham Square Nation al Bank here by the First National Bancorporation, Inc. of Denver has been announced. The prop osed exchange ratio for the acquisition would be 5.25 shares of Bancorpor ation stock for each share of the capital stock of Buckingham Square National, which has 25,000 shares outstanding. Deposits of the bank on Ju ly 31 were a pproxim ately $12,025,000. The holding company will seek approval from the Federal Reserve System on the acquisition; the ^bank’ s board o f directors previously voted unanimously to recom m end the offer to its stockholders. DENVER: United Bank of Denver has announced the appointment of Dennis E. Barrett, Dennis S. Blum and E. Preston Sumner Jr. to the position of assistant vice president. Wyoming News THERMOPOLIS: Laura Pryde has been promoted to assistant cashier of the First State Bank here. She is one of the bank’s original employes, joining the staff in November, 1978, as a bookkeeper. >k- Supplement To Northwestern Banker Newsletter 9-3-79 Your Credit Insurance Team from the GUARDSMAN * « A -V* V 4| «HfV RON DAVIS CLU MARK DILLAVOU SALES MGR. RANDY PACE REGIONAL MGR. ILL. & MO. DAVE SAUTER REGIONAL MGR. IOWA -A * ~4 , Welcome to the convention. We would like to visit with you about our Immediate Issue program and show you our full line o f credit and credit related products and services. W e ll he at the convention. ♦ if V GUARDSMAN LIFE INSURANCE COMPANY https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis [515] 223-3000 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Supplement To Northwestern Banker Newsletter 9-3-79 * <*9 W hat? Issu e an individual life insurance p olicy in my bank. to cover large loans or lines o f credit? H ow ? With a telecopier! M Contact us fo r m ore information V Immediate Issue Credit Department. ATTN: Ron Davis Guardsman Life Insurance Company 1025 Ashworth Road, P.O. Box 65180 West Des Moines, Iowa 50265 I would like additional information: Name ____________________________ rff+ Bank Address City 3^: https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Phonfi State Zip https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Minnesota News BELLE PLAINE: Robert Zvanovec has joined the State Bank of Belle Plaine as a loan officer. For the past four years he was a bank examiner for the FDIC based in Mankato. G L E N C O E : C o m m is s io n e r o f Banks Michael J. Pint, issued the C ertificate o f A u th orization to implement an amendment to section one of the Articles of Incorporation on August 20,1979, for the Security State Bank of Glencoe. The name o f this bank has effe ctiv e ly been changed to the Security Bank and Trust Company of Glencoe to reflect the additional corporate powers which have been expanded to include fiduciary trust services. Security Bank and Trust Company of Glencoe was originally incorporated on October 10, 1935. GREENBUSH: Greenbush Bancshares, Inc. has received consent from the Federal Reserve Bank of M inneapolis to becom e a bank holding company by acquiring the Greenbush State Bank. M INNEAPOLIS: Steven R. Tomingas has been elected vice president and director of equity research at the F irst N ational Bank o f Minneapolis. He was formerly a trust investment officer with the trusts and investment management group. MINNEAPOLIS: Mildred M. Han sen has been named cashier at Sec ond Northwestern National Bank, an affiliate of Northwest Bancorporation (Banco). Hansen joined the bank in 1966 as an accounting supervisor. She was p rom oted to personal banking officer in 1973 and named personnel officer in 1976. She began her career with Banco more than 35 years ago in the proof department of Northwestern Na tional Bank of Minneapolis. She join ed F ourth N orthw estern N a tional Bank in 1956 as a teller and personnel consultant. OWATONNA: Allegra Hanson has joined the Northwestern National Bank o f O w atonna’ s personal banking department as an instal ment loan interviewer-collector. She was form erly em ployed at the DigitizedAudubon for FRASER(Iowa) State Bank. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PINE CITY: The new Pine City State Bank is scheduled to open in October, according to its president, John Libis. The new bank is the result of a transfer of the charter of the Kerrick State Bank from its present location in Kerrick to a new building under construction in Pine City. Mr. Libis was most recently executive vice president and cashier o f the Farmers State Bank, Almelund. Illinois News KEW ANEE: Lyle S. Ince has been elected a vice president o f the Kewanee National Bank. He joined the bank in 1976. S P R IN G F IE L D : A n application for a permit to organize Long Creek S tate Bank has been filed w ith William C. Harris, commisioner of banks and trust companies. The b an k ’ s ca pitalization of $750,000 would consist of $275,000 in capital stock; $275,000 surplus and $200,000 reserve for operating expense. There w ould be 25,000 shares of stock with a par value of $ 11. O rganizers are: M artin M yers J r., M t. Zion; B ill D . S tock s, Dalton City; David L. Johnson, R obert L ourash and W illiam E. Parr, Decatur. SPRINGFIELD: William C. Har ris, commissioner of banks and trust companies, has issued a Certificate o f C onversion to The Bank o f Gorham, 124-126 Main Street, as a result of its conversion from The First National Bank of Gorham. The capital stock of the bank is $120,000 divided into 30,000 shares with a par value of $4.00 each. The surplus is $86,500 and the bank’s undivided p rofits and reserves exceed the sta tu tory minimum requirements. Officers and directors of the bank TERRY M ARTIN to make MNB work for you. Toll free 1- 800 - 332-5991 Merchants ^ National Bank 151 Member F.D.I.C. A BANKS OF IOWA' BANK are: Larry L. Coats, Springfield, president; Earl Kranwetter, Gor ham; M ary K oron d o, G orham , cashier; Thomas W . F aller, Springfield; Coyn V. Richardson, Springfield; O rvalT w en h afel, G orham ; Don Bess, Gorham; Shirley Moeckel, Jacob, andG. T. Schaefer, W olf Lake. W HEATON: Ronald S. Richardson has been appointed assistant vice president and cashier at the Hawthorne Bank of Wheaton. He was m ost recently education coordin ator for the M etropolitan Computer Center, Inc., Naperville, which handles data processing for 45 banks. czHoCAex anA <^Af-±i.ociaii± BANKERS PARTICIPATING Bank Consultants Specializing in Bank Acquisitions 515-232-0814 P.O. Box 450 405 Main Ames, Iowa 50010 D o n a l d E. H o l d e r , Principal W AN T A D S Rates 50 cents per word per insertion. Ad $2 for file numbers. Identity of file number advertisers cannot be revealed. Payment in advance, please. NORTHWESTERN BANKER 306-15th St., Des Moines, Iowa50309 POSITION W ANTED Mid-Management Ag loan officer with Commercia I and R.E. lending experience desires midwest o r w e s te rn s ta te s lo c a tio n . W rite file H B G , cl 3 Northwestern Banker. (PW ) EVP with 25 years experience in all phases of bankin(3 desires to relocate, preferably in N .W . or N. Centn I Iowa. W ould like second position with CEO potential Want permanent position. W rite file GBT, c /o North western Banker. (PW ) GENERAL SERVICES W E COLLECT YOUR OVERDUE BILLS anywhere in U .S . w ith o u t c h a rg in g c o lle c tio n agency fe es . Satisfaction guaranteed. Free sample kit. Six Pac Service, Dept. 010-1, 583 North King S t., Honolulu, Hawaii 96817. (GS) FOR SALE 5 NCR 279-301 online or offline teller machines Changed computer centers. Used only 12 months $2300 each or best offer. Call (512) 837-6783. (FS ) 8 Burroughs TR-102 electronic teller machines. 9 NCI 1550 electronic teller machines. $895 each. Call (512 ) 836-5864. (FS ) Bell & Howell Dlrector#1 Micro-Fllm er with imprinter endorser. 44-X camera for filming dual sides. Unde r maintenance contract. Clutter State Bank, Clutier, la 52217. (319) 479-2522. (FS j FO R S A L E O R LE A S E Modular bank bldg: 12’x40’ steel with brick, 14’x7( * and 12’x50’ wood, 2,000 sq. ft. permanent bldgs. SOh CORPORATION, Box 684, W ichita, Kansas 67201 (316) 942-8167. FO R S A L E O R LE A S E Available for immediate delivery. Instant modula r drive-in teller units. Ideal for expansion or to establisl a remote drive-in. Prebuilt ready to install on you r site— requires only electrical hookup. Includes a 1 equipment needed— electric heat and air conditioned conduit for alarm and phone. W rite for brochure o f other size drive-in systems, branches, and modula r automatic teller machine buildings. F IN A N C IA L PRO D UCTS, IN C . P .O . B o x 1035 E au C la ire , W isc o n sin 54701 P ho ne: [7 15 ] 835 -8 1 60 FOR LEASE A rizo n a C o n d o m in iu m s and T o w n h o m es. Rent deluxe condominiums and townhomes in sunny Scottsdale. 2 bedrooms; 2 bedrooms with den, and 3 bedrooms. Completely furnished. Adult communities, pools, Jacuzzis, close to golf courses. Available $1,200 to $1,600 per month or $900 for 2 weeks. Also have units available for sale. Management is available. W rite or c a ll P e te r L in s ey , C o ld w e ll B a n k e r R e s id e n tia l Brokerage Company, 4443 North Scottsdale Road, Scottsdale, Arizona 85253. (602) 945-7611 or (602) 991-6109. (FL) M o b ile bank u n it, 12x 6 2 . C o m p le te banking equipment, including drive-up window, two teller stations, private office off lobby. Available now. Drommer Leasing, 401 Queens Court, Sioux City, Iowa 51104. Phone (712) 239-2315. (FL) I LeasePlan.Inc. 5 4 5 - 31st Street Des Moines, Io w a 50312 R. L. “ DICK” SELLON • P.D. “ DUANE” DEVAULT POSITION A V A ILABLE Experienced Insurance Agency Manager. Salary plus commission and fringe benefits. Send resume: J. R. Starkey, Pres., First National Bank, Mapleton, MN 56065________________________________________ (PA) Trust O fficer/N ew Business Manager. Challenging opportunity in a$150-$200M M trust department. This position requires a law degree with experience in all phases of trust services in order to direct trust business development. W e offer excellent benefits and salary commensurate with experience. Send resum e and salary req u ire m en ts in c o n fid e n c e to'.Valley National Bank, Personnel Department, P.O. Box906, Des Moines, Io w a50304. (PA) __________An Equal Opportunity Employer_________ COMMERCIAL LOAN OFFICER: Minimum 10 years experience in loans and administration. Western Neb. Salary to $30K. OPERATIONS OFFICER: Need three with 2-3 years experience for Neb. bank. Salary $10-15K. INSTALLMENT LOAN OFFICER: Need 3 for Nebraska banks. Should be experienced in direct and indirect lending. Salary $14-17K TRUST ADMINISTRATOR: Have openings in Colora do, Kansas and Missouri for experienced personnel. Salary $25-30K. CASHIER: Eastern Colorado and Missouri. Should have some computer knowledge. Salary $18-25K. Above are some current listings. Fee paid by employ er. If interested, forward your resume in strict confi dence to FINANCIAL PLACEMENTS, P.O. Box 13786, Kansas City, Mo. 64199. Phone (816) 421-7941. Tom Cannon, Bank Consultant— Tom Chenoweth, Man ager_________________________________________(PA) 35 million North Central Iowa bank looking for trust officer to develop small department with emphasis on estate planning. Audit capabilities helpful, but not required. Salary open. W rite file GBY, c /o Northwestern Banker.______________________________ (PA) Midwest Bank Holding Company with opportunity for ag lender. 1-3 years experience preferred. Send resu me and salary history to file HBC, c /o Northwestern Banker. Excellent benefit package. Equal Opportunity Employer.____________________________________(PA) Eastern Iowa community bank, located near major city, has opportunity for installment loan person with experience in lending and collections. Total outstand ings $1.5 million. W rite file HBA, c /o Northwestern Banker.______________________________________ (PA) Opening in Nebraska bank for individual to learn all areas of a small bank including loans. Ag background preferred. Chance for advancement. Salary negotiable depending upon experience. Send resum etofile HBF, c /o Northwestern Banker._____________________ (PA) Need strong loan man for rapidly growing bank in Central Nebraska. Some commercial loan experience req u ired . S om e a u d it and personnel exp e rien ce valuable. Salary open depending upon experience. Good career growth opportunity. Contact Bill Mar shall III, Five Points Bank, Grand Island, Nebraska 68801._______________________________________ (PA) COMMERCIAL LOAN OFFICER— For western Nebra ska bank. Minimum of ten years loan and administra tion experience. OPERATIONS O FFICER— For $15 million western Nebraska bank. Two to three years experience. OPERATIONS O FFICER— For $8 million western Ne braska bank. To manage department. Two to three years experience. INSTALLMENT LOAN OFFICER— For western Nebra ska bank. Three to five years experience. W rite file GBX, c /o Northwestern Banker._______ (PA) TRUST OFFICER needed to administer trust activities of a Des Moines-based bank holding company in !northwest Iowa. Experience in trust administration ¡and new business development required. Please mail 'resume, including salary requirements, in confidence to: Trust Division, P.O. Box 5193, Des Moines, Iowa 50306. (PA) P A R T IA L L IS T OF A V A IL A B L E A P P LIC A N TS AG LO AN O F F IC E R -S tro n g ag b a ckground . Education in ag & currently a Farm Rep. One yr bank exp with prior exp in farm operations. W ants to specialize in ag. Asks $13,000. CASHIER-BA in Finance & Banking plus 1 yr exp as a sst c as h ie r. In c harg e o f o p e ra tio n s , te lle rs & reporting. Lending exp in installment, student & real estate. Earns $14,200. H E A D IN S T A L L M E N T L O A N S -S e ve ra l yrs exp. Currently handles direct & indirect loans. Type of loans include auto, home improvement & business equip. Asks $19,000. LOAN OFFICER-Supervises floor plans, installments, leasing paper, plus some commercial and real estate. Has significantly reduced the delinquency rate. Asks $18,000. CEO-Masters degree & 10 yrs exp. Manages entire loan portfolio. Can write policies & procedures. F a m ilia r w ith c o m p lia n c e . S tro n g in co m m e rc ia l lending. Asks $27,000. CEO-ls a CEO with total resp. Has managed small banks with success in growth and increases in net profit. Able to communicate with customers and e m p lo y e e s. C iv ic & c o m m u n ity m in d ed . A sks $30,000. ALL FEES PAID BY MANAGEMENT FOR FURTHER INFORMATION RESPOND IN CONFIDENCETO: Bank Division ROBERT HALF of Iowa, Inc. 317 6th Ave. Des Moines, IA 50309 (515) 244-4414 Northwest Iowa county seat bank of over $40 million seéks experienced commercial loan officer. Salary open. Send resume in confidence to file HBH, c /o Northwestern Banker. (PA) MOVE TO THE SUNBELT BEFORE WINTER? Several excellent opportunities exist in the Southwest (New M exico, Arizona, Califor nia) for aggressive individuals with 4-5 years experience in commercial and agricultural loans. Outstanding organizations with great growth potential. All fees paid by employer. If interested in living and working in the “Land of the Sun” , send resume in c o m p le te c o n fid e n c e to K IN G S T O N F in a n c ia l Placement & Consulting, Inc., 3030 N. Central Ave., #1017, Phoenix, AZ85012. Orcall (602)264-1484. (PA) PO SITIO N S A V A IL A B L E JUNIOR OPERATIONS-2-3 years experience required for this position in 200MM bank. Opportunity to become senior oper ations off leer ......................................... $16,000 AGRI LOAN-#3 position in 25MM bank near Canadian b o rd e r .....................................$20,000 INSTALM ENT LOAN-16MM bank located in the Great Lakes area. Excellent opportunity fo r a d vancem ent in to c o m m ercial & R.E. lending ........................................... $18,000 TRUST-Head small department in Iowa. Law degree not required .............................. $22,000 OPERATIONS OFFICER-40M M Kansas bank needs a seasoned operations officer. Minimum 5 years experience. Duties in clude personnel .................................... $20,000 JR. CORRESPONDENT-2 years experience in rural bank preferred. Limited travel . . $18,000 CREDIT ANALYST-Major midwestern bank. E xperience in c re d it d e p a rtm e n t re quired ......................................................$18,000 CORRESPONDENT-Limited travel, good agri & commercial loan experience required $27,000 M A R K E T IN G -2 -3 years bank m ark e tin g fo r Iowa bank ............................................... $17,000 TO M H A G A N & ASSO C IA T E S Linda Blue Smith, President P.O. Box 12346 / 2024 Swift North Kansas City, Mo. 64116 (816) 474-6874 Yol. 8 No. 19 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, Address all mall subscriptions, changes of address [Form 3579] manuscripts, mail items to above address. Digitized forIowa. FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
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