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Vol. 14 No. 24 Des Moines, Iowa September 30,1985 Gov. Branstad at Iowa Bankers Convention: bargoes and inflationary expecta tions o f the past, plus continuing high interest rates, a grow ing na tional budget deficit which is now approaching two trillion dollars, and an over-valued dollar, which now looks like it may com e down with some action that’s being taken, som ething that’s been long overdue. These factors have raised the farm ers cost o f production, reduced their markets, and literally ruined the value o f their assets. These prob lems were brought on by the federal governm ent and ju st as the federal governm ent must put it’s fiscal house in order, it also must take ac tion to address the consequences o f not having done so in the past. The continuing deterioration and the recent admissions by the Farm Credit System that they cannot han dle their problem internally provides further evidence o f the need for fed eral action. This action is needed now to help farmers and to help all lenders, not ju st the Farm Credit System . The Farm Credit System leaders for months denied they had a problem or that they needed outside help. Now, they admit it. Yet, it would be neither fair nor sufficient for the federal governm ent to bail out the Federal Farm Credit System without addressing the problems that farmers and other lenders are having in the financial area. I will continue to work and to Action Needed Now to Help Farmers And All Lenders, Not Just the FCS (Ed. N ote: Iow a Gov. Terry Branstad has been a vocal leader in the ef fort to convince the Adm inistration and Congress o f the severity and im pa ct o f the current m idw est farm cri sis. H e addressed the Iow a Bankers A ssociation 99th annual convention in D es M oines last week. H is re marks from that address follow.) E ARE facing a very challeng ing time and you in the finan cial services industry are particular ly challenged right at this period o f time. Each o f us here today is very much aware o f our state’s econom y and our dependence on agriculture. Your institutions and many o f your custom ers have been directly af fected by the troubles in the farm econom y. State governm ent has, as well. In fact, ju st last week I made a substantial reduction o f 3.85% in all state budgets to bring state spend ing in line with the realities o f exist ing revenue. I appreciate the sensitivity with which you have handled, both per sonally and professionally, the stress and the problem s that exist in our rural communities and, in fact, even in our larger cities all across the state. Leaders from your associ ation have worked with us and spent literally hundreds o f hours form ulat W ing and reviewing both state and federal policies and how we can m ost effectively address our nation’s agri cultural problem s. And your associ ation has played a m ajor role in help ing finance our Rural Concerns H ot line which is helping farmers and people who are going through stress to get counseling and good advice as they cope with the personal and fi nancial problem s they are going through. In a large part, due to a concerned effort o f the Iowa Bankers A ssocia tion and others, we were able to pro vide more operating loan guarantees (FmHA) in this state in 1985 than any other state in the country. W ith out your help and your involvem ent in this program and without your patience and forbearance and under standing many Iowa farmers would not have been able to plant a crop this spring. Unfortunately, the fed eral officials went back on their word and refused to include farm ownership loans in this guarantee program. I think that was a tragic mistake and the agricultural credit crisis continues to grow and threa tens to drag down more farmers, small businesses, and financial insti tutions. W e’re all familiar with the many causes o f this farm credit crisis—em (Turn to page 4, please . . .) Call on the “Experienced Professionals” Ready to meet your correspondent needs. ^ First N ational Lincoln A FirsTier Bank Member. F.D.I.C. 13th & M Streets, Lincoln, Nebraska 68501 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Norwest Bank Des Moines, N.A. Call (515) 245-3131 or toll-free (800) 362-2514 NORWEST BANKS mamma Member FDIC W TU Ye am work: one of the reasons we’re first in Iowa. John Cretzmeyer Tom Quinlin Video Conference Reminder A s detailed in the September 9 W eekly N ew sletter, a one-day video conference is being presented in more than 50 cities nationwide in the next tw o months on the subject o f “ M oney Laundering.“ The impor tance o f this subject that is crucial to stopping the conversion o f money from drug trafficking and other cri minal activities into supposedly respected bank accounts is high lighted by the fact that Vice Presi dent George Bush will personally in troduce the program at the start o f the day. Banks are obliged under the Crime Control A ct o f 1984 to cooper ate with law bodies to stop M oney Laundering and this video confer- ence is aimed at giving them better information. Coming conferences include these locations. Bankers may get further details from their state associations. Oct. 3—Springfield, 111. H oliday Inn East, 3100 S. Dirksen Parkway. O ct. 4—Oak Brook, 111. Drake Oak Brook Hotel, 2301 York Road. Oct. 9—Des M oines, la. Savery H otel, 4th & Locust. Oct. 17—Omaha, Nebr. M arriott H otel, 1022 Regency Circle. Oct. 29—Pierre, S.D. Best W estern K ing’s Inn, 220 S. Pierre St. Nov. 12—Wausau, W is. Holiday Inn, 201 North 17th Ave. N ov. 14—Denver, Colo. Clarion Hotel, 3202 Quebec St. N ov. 14—W ichita, Kan. A irport Hil ton, 2098 Airport Rd. Iowa News ASK STAN FARMER J. Bruce Meriwether, president, First National Bank, Dubuque, was installed as president o f the Iowa Bankers A ssociation during the IB A ’s 99th annual convention in Des M oines last week. He succeeds W illiam Logan, president, The State Central Bank, Keokuk. The new president-elect is Russell S. Howard, Jr., president, Mahaska State Bank, Oskaloosa. The new treasurer is Fred W . Hagem ann, president, State Bank o f W averly. Neil Milner continues as executive vice presi dent in Des Moines headquarters. * * * to make MNB work for you. 1- 800 - 332-5991 Member F.D.I.C. A BANKS OF IOWA BANK ALLISON : Charles J. G affey has been named the new president and chairman at the State Bank o f Alli son. He com es to the bank with 25 years o f financial experience. He was m ost recently president o f the M ortgage Company o f Sarasota, Sarasota, Florida. He succeeds Rus sell Olson. COUNCIL BLUFFS: Dennis M. Kennedy has been appointed senior vice president, credit administration o f First National Bank o f Council Bluffs. He has over 20 years bank ing experience with Norwest Ban corp Inc. and Citibank. M ASSEN A: A t Union National Bank, Sara Thornton has been pro m oted to vice president. Her former position as cashier has been filled by the election o f Karen Uehling. In ad dition, D avid Bissell was elected a director. M USCATINE: Paul N. Payne has been elected vice president/COO and board member at First National Bank o f M uscatine. He was also elected to the board o f First Na tional Bank in Fairfield and will serve as president and director o f Iowa First Bancshares Corp., the holding com pany that owns both banks. Since 1982 Mr. Payne has H. PETER DEROSIER V ice President Count On Our Correspondent Bankers M ARK CH R ISTEN V ice President Valley National Bank ili DES MOINES, IOWA 50304 Member FDIC A BANKS OF IOWA BANK Call toll free (800) 622-7262 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis # •Personal • Prompt •Professional Toll free Merchants National Bank 151 The South Central Iowa Group o f the National Association o f Bank Women met Sept. 11 at Ottumwa. Featured speaker was Linda Poli, lead instructor at Indian Hills Com munity College in Ottumwa, who presented a program on managing stress. New officers installed were as follow s: President—Susan L. Sodey, vice president, Union Bank & Trust Co., Ottumwa; Vice Presi dent—M arilyn W atts, assistant vice president, South Ottumwa Savings Bank, Ottumwa; Secretary—Pat McClellan, operations officer, Iowa State Bank & Trust, Fairfield, and Treasurer—M ary Hartman, assis tant cashier, Iowa Trust & Savings Bank, Oskaloosa. # Send Your News Today to the NORTHWESTERN BANKER TELL US A B O U T. . . 1535 Linden Street, S u ite 201 DES M O IN E S , IO W A 50309 Staff Changes Business Campaigns Mergers, Consolidations New Departments at the Bank Remodeling or New Building BANK .......................................... .................................................... OFFICER ................................................................... ;........TITLE CITY https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis STATE Open Houses Anniversary Parties Deaths or Retirements Speeches Made by Bank Officers Special Announcements to the Public 4 been executive vice president o f the Clinton National Bank. U RBAN A: Carolyn R. Humeston has been appointed manager o f Peo ples Bank and Trust Company’s Urbana office. She will also supervise Peoples’ new Shellsburg and Bran don offices. She has 16 years bank ing experience, m ost recently with Brenton Bank and Trust in Vinton. U RBAN D ALE: Hans Loeffler has been appointed vice president and manager o f commercial loans at First Interstate Bank o f Urbandale. He was previously vice president and manager o f installment lending at First Interstate Bank o f Des Moines (formerly United Central Bank) where he has served for the past 14 years. Minnesota News M IN N EAPOLIS: A t National City Bancorporation, James H. Hearon, III has been prom oted from execu tive vice president and COO to presi dent and COO. He will continue as the chairman o f the board and CEO o f National City Bank o f Minneapo lis. In addition, David L. Andreas was named senior vice president o f National City Bancorporation. He has been a vice president since 1980. M IN N EAPOLIS: The Minneapolis Chapter o f the Am erican Institute o f Banking will be conducting sev eral seminars in upcom ing weeks. A ll seminars will be held at the A IB Education Center in Minneapolis. The dates and seminars follow: ' Oct. 2—Managing Stressful Situa tions and People Under Stress; Oct. 3—Procedure W riting; Oct. 1 0 C u stom er R e la tio n s/T e le p h o n e Transactions; Oct. 16—Compliance Issues Update, Oct. 17—How to Get More Done. OW ATONNA: Tim othy M. McManimon has been elected vice president o f the commercial loan department at Norwest Bank Owatonna, N.A. He joined the bank in 1983 and was m ost recently assistant vice presi dent. GOV. B RA N STAD . . . (continued from page 1) fight for federal action for a solution to the farm credit problem —one that will help farmers and will help farm ers who receive their financing from commercial banks as well as the Federal Land Banks and the P.C.As. One approach that I believe dehttps://fraser.stlouisfed.org Federal Reserve Bank of St. Louis serves consideration is a federally chartered entity that could serve as a mechanism to purchase problem loans at a discounted rate and also as a mechanism to write down inter est rates and make it possible for these farmers to be able to continue their operations. This mechanism could provide a reasonable alterna tive to m assive farm foreclosures that would otherwise occur this fall and winter. And such an entity could serve as a holding mechanism to keep land that’s already been re possessed o ff the market, thereby giving farmers an opportunity to lease it and to eventually purchase it back. Unfortunately, as the Federal Farm Credit System loan losses have mounted, that system has not follow ed the footsteps o f many o f you in the com m ercial banking in dustry in this state who have worked with your custom ers, who have pro vided forebearance and, in fact, there is very much a likelihood of wholesale liquidation by the Farm Credit System o f a number o f farm operations this fall and winter. That prospect is looking more and more certain as the days go by. Frankly, the marketplace ju st can’t stand a substantial dumping o f assets at this time. W e need to prevent the Farm Credit System from doing this until federal action can be taken. One mechanism that would make that possible is the moratorium law which was amended by this year’s general assembly. A s m ost o f you know, the old 1939 law, the 1939 moratorium law, is basically un workable. However, with the help o f Iowa State U niversity and with the help o f your organization and others in the financial and agricultural policy areas, that law was updated and amended during the 1985 ses sion o f the legislature. The new law provides a very lim ited moratorium for one year and only for those situa tions where it’s already in the liqui dation process and the farmers can show they are current on paying their interest but unable to make the full principal payment. M ost com mercial lenders have been working with the farmers in that situation already. This policy would apply to those like the Farm Credit System that are not quite as willing to work with the individual borrowers. This is a policy that m ost o f you have been practicing individually and one that I think makes sense. Clearly, we in agriculture and the heartland o f this country are going through a very painful transition in our econom y. It’s a transition that has im plications far beyond the lives o f those who are directly involved in agriculture, in tilling the soil and feeding the people in this country and the world. W e have a number o f challenges facing us and we’re cer tainly not out o f the woods; in fact, I suspect the next six months to be one o f the m ost stressful and difficult tim es in the history o f your as sociation and probably in your per sonal involvem ent in providing fi nancial services to the people o f this state. I know it’s a stressful time for those o f us in public office in this state dealing with the im pact o f the problem s on our state’s econom y. It is pervasive. Yet, during the last year, I think you can all be proud o f the leader ship that the Iowa Bankers Associa tion has provided in this state. Due to your involvem ent and your willingness to work with us in public of fice and with your individual bor rowers to serve as true partners, you have lived up to your m otto o f being a partner and friend and I know sometimes people point the finger at you and blame you for the problems and we know that’s not true. W e know that what is happening is be yond your control, is beyond our control and som ething that we all have to live with and w e’ve got to work through. W e need to continue to work together. W e need to strengthen that partnership. W e need to meet the challenges that are before us. I ’m confident that we can. I know it won’t be easy. W e’re asking a lot. People are going to have to make some difficult sacrifices. W e’re go ing to have to make some tough choices. That’s what the times call for. I ’m confident that w e’re up to it, that we can do it. But, we’re going to have to have your understanding and your help as we deal with these problems. Y ou’re going to have to have our understanding and our help. A ll o f us are in this together and we all need to work together and I ’m confi dent that if we do that, as we have for the last year, we will meet the challenge and we can not only sur vive this crisis or this problem time in our history, we can com e out stronger and better as a result o f it. W e need your continued help and cooperation and I ’m confident we will receive it. Thank you. □ # # # • _ £ f 0 • • ^ ^ 0 0 5 YAKE, SPRENGER AND JENNINGS Getting it done for you. Ernie Yake Bill Sprenger Tom Jennings 234-2483 234-2625 234-2484 ^ it t i Commerce Bank of Kansas aty A M E M B E R FDIC Nebraska News £ 9 % # The Nebraska Bankers Association is sponsoring an Operations Compliance Conference to be held at four locations in October. It is de signed for cashiers, assistant cash iers, operations personnel and customer service staff. Registration/continental breakfast will begin each day at 8:30 a.m., with m orning ses sions from 9:00-12:00. Lunch will be from noon to 1:00 p.m ., and afternoon sessions will conclude at 4:15. A dvance registration, including meals and materials, is $65 for the first registrant and $55 for each ad ditional. Dates and locations are as follow s: O ct. 9—N orfolk Villa Inn, Oct. 10—Kearney Ramada Inn, Oct. 16—Scottsbluff Inn and O ct. 17— Lincoln Hilton. Register through the N BA office in Lincoln. * • * _ ^ ^ m ^ ^ * # Thirteen area bank-women offi cers, making up the N.E. Nebraska Chapter o f the National Association o f Bank Women, met on Sept. 12. New officers installed were as fol low s: Chairman—B everly E tter, vice president, State National Bank o f W ayne; Vice Chairman—Marilyn Heier, personal banking officer, N.W . Bank o f N orfolk; Secretary— Beverly H itchcock, vice president, Farmers State Bank, Carroll, and Treasurer—Evelyn W ebster, cashier, Pender State Bank, Pender. A letter o f recognition was read, announcing the chapter as the winner o f the Group Excellence Award for awards and scholarships. N ext meeting, honoring new and prospective mem bers, will be O ct. 10th at Becker’s Steakhouse. ELBA: The FDIC is preparing to pay o ff insured depositors in Elba State Bank. It was closed on Sept. 18 by Roger Hirsch, acting director o f the Nebraska Dept, o f Banking, and the FDIC was named receiver. A ccording to Mr. Hirsch, the bank’s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Telephone (816) 234-2000 failure was due to losses in agricul tural loans and inability to recapita lize. The bank’s assets totalled ap proxim ately $4.2 million with about $3.7 m illion on deposit in approxi m ately 300 accounts. The FDIC de termined a payoff o f insured deposi tors was required because no bids were received for the failed bank. North Dakota News BISM ARCK : John A . Bridgeford, Jr. has been elected vice president and manager o f the commercial loan department o f First Bank Bismarck. He was form erly a vice president and manager o f the executive and professional department at First Bank Fargo. Wisconsin News BROW N DEER: Capital One Corp./ Brown Deer Bank has named three o f its commercial banking officers to new vice presidential positions. Michael Klemz has been prom oted to senior vice president. He joined the bank in 1984 as vice president in charge o f commercial banking, and will retain that responsibility. Dale Guenther, who joined the bank in 1981, has been named a vice presi dent in the commercial hanking de partment. Terie K. Leicht, who joined Capital One Corp. earlier this year as a commercial banking offi * cer, has been prom oted to assistant vice president. ELKHORN: Earl A . Paddock has been appointed president and chief executive o f Marine Bank South west, N .A. He succeeds William J. M orrissey, who was elected chair man o f the board. Mr. Paddock joined the bank in 1967, and has served as vice president o f commer cial lending since 1976. It was also announced that effective Sept. 18, Burlington Marine Bank and Ma rine Bank Southwest, N .A. will be consolidated. The com bined bank will use the latter name, and have to tal assets o f $101 million. Colorado News CLIFTON: The FDIC began on Sept. 9 to pay o ff insured depositors in the Bank o f Clifton. The bank was closed on Sept. 6 by Colorado State Bank Commissioner Richard B. D oby, and the FDIC was named re ceiver. Deposits amounted to about $10.1 million in 3,200 deposit ac counts, including $24,000 in 12 ac counts that exceeded the federal in surance lim it o f $100,000. Owners of the uninsured deposits will share proportionately with the FDIC in the proceeds realized from liquida tion o f the assets o f the failed bank. The FDIC determined that a payoff was required because no bids were received for the bank. M ake The Nationeil Bank o f W aterloo your custodian bank! >The n a tio n a l B ank o f Waterloo is an approved custodian bank fo r the state o f Iowa. >Fast, efficient com puterized reporting system. >Provides pledging system to secure p u b lic funds. >Low, low m onthly fees under o u r system. Call: 319-291-5235 for complete details. Write: Attn: Don Stonewall, Vice President The National Bank of Waterloo 100 E. Park Avenue Waterloo, IA 50703 6 WANTADS 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 St.f Suite 201 Des Moines, Iowa 50309 Phone 515/244-8163 POSITIONS AVAILABLE 2 • AQ LENDER8 • 2-5 years experience. N.C. and W. Iowa. S25-35K. Ag Banking Specialists Let us help w ith your career advancement or staffing needs. Call in confidence, without obligation. Employ ers pay our reasonable fee to hire the best. Financial Careers CEO for $60 million Independent bank In midwest. Excel lent opportunity for person with good track record............ ......................................................................... Salary $65,000. SENIOR AQ OFFICER for major midwest correspondent bank. Must have ag loan experience In larger b ank............ ..................................................................... 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. COMMERCIAL LENDER with three or more years experi ence for $75 million bank In midwest city of 100,000.......... ..................................................................... Salary to $35,000. Linda 515/394-5827 New Hampton, la. 50659 i Jean 515/263-9598 (W/F) 712/779-3567 (M/T/TH) Massena, Iowa 50853 30/7 G4REERS, INC. -J A 3 B A N K IN G P ER SO N N EL SPECIALISTS AQ LENDER for $45 million bank In northern Missouri. Pre fer two or more years experience plus college degree ___ ..................................................................... Salary to $30,000. COMMERCIAL LENDERS for Illinois banks located In North & Central a re a s ...............................Salary to $35,000. FARM MANAGER for $160 million Illinois bank.................. ............................................................................. Salary open. AQ LENDER for major Central Illinois b a n k ......................... ..................................................................... Salary to $35,000. SR. OPERATIONS OFFICER • All operations and cashier duties. E. Central Iowa. $90mm bank. To $45K. *2 OFFICER for bank In university city.. . Salary to $42,000. PRESIDENT - Need experience as a CEO of a small bank. Position Is In a$25mm bank In Central Kansas, near Wichita. To $50K. AUDITOR for $180 million midwest bank. CPA a + but not required............................................................ Salary $25,000. COMMERCIAL MORTGAGE person for major multi-bank gro u p ................................................................... Salary open. CASHIER w/some lending exp. for suburban bank In la___ ..................................................................... Salary to $30,000. CONTROLLER - CPA for a bank In E. Iowa. To $45K. CEO to head $60 million troubled bank........ Salary $65,000. Richard L Seem, CPC (HUMBERT EXECUTIVE EXCHANGE, INC. 11246 Davenport Street Omaha, NE 68154 Phone: 4021330-3260 Member National Personnel Associates We're Nationwide POSITION AVAILABLE 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 Operatlons. Contact File WDR, d o Northwestern Banker. (PA) COMMERCIAL LOAN OFFICER—2-3 years minimum ex perience required, excellent career opportunity. Contact either Larry Gelslnger or John Bowen, Hawkeye Bank & Trust, Spencer, IA 51301 or call (712) 262-1940._______ (PA) LOAN OFFICER—2-5 years experience. Farm lending background essential. Send resume to American State Bank, P.O. Box 280, Erskine, MN 56535._____________ (PA) #2 PERSON for $100 million Illinois bank.Salary to $50,000. AQ LENDER for$50 million Illinois bank.Salary to $35,000. Please call Malcolm Freeland or Cy Kirk In care of: Freeland Financial Service NCR 776 16 POCKET, NCR 8271 COMPUTER, NCR 6420 PRINTER, NCR 670 CHECK SORTER, NCR 7121 MODEM, NCR CRT 796, NCR CRT C-7901. Call Randy or Ralph (712) 434-2289 (FS) REBUILT CHECK/MICROFICHE DIEBOLD POWER FILE. 1,114 In. capac., runs well. Tom, ISBS, Inc. (515) 223-8332. _______________________________________________ (FS) 2 BURROUGHS L9000 POSTING MACHINE, 1 Auto Reader, 1 S1200 Burroughs 8 Pocket Proof. Best offer. Phone (402) 755-2224. (FS) DON ® CH O O LER In AND V ASSOCIATES " S u ccessful Banking is Q uality P e rs o n n e r POSITIONS AVAILABLE PRESIDENT $10mm bank, 8,000 population, lim ited ag, large growth potential ................. $50,000. VICE PRESIDENT, HEAD OF LENDING—$50mm bank, excellent town and location, strong organi zation ........................................................... $35,000. POSITIONS AVAILABLE CHIEF EXECUTIVE OFFICER $15mm-i- bank, Ozark a r e a ................................................... $40,000. EVP • Large bank in productive environment seeks profes sional with 6 + yrs hands-on knowledge of operations and gen’l lending talent. Must have desire to be president of $50mm + Institution. $46K. CONSUMER LENDER • Fast-paced growing non-banking fln’l Institution Is looking for exp consumer lenders with mgmt potential. Stable, profitable firm offers exceptional career oppty. Mid-Upper Teens. FOR FURTHER INFORMATION FOR THESE AND OTHER POSITIONS RESPOND IN CONFIDENCE TO: KURT ROSENCRANTS AT (515) 244-4414 WORLD’S LARGEST BANKING, DATA PROCESSING AND FINANCIAL SPECIALIST (MN ► (MM> <M ► ® ROBERTBM UF 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 ALL FEES COMPANY PAID Employer pays fee. KODAK RELIANT 550 MICROFILMER with endorser. Purchased 12/82. Excellent condition. Call (402)455-4337. (FS) INVESTMENT OFFICER—for small regional mid-western bank. Needs 10 years experience. Investment portfolio of $250 million. Must have excellent credentials. Salary com mensurate with experience. Contact file WDS c/o, North western Banker. (PA) #2 MAN - Growing holding co seeks knowledgeable ag lender/generalist with 3 + yrs bkg exp. Community bank position near large metro area. Offers high responsibility and promotions. Some operations skills a plus. S28K. 1010 Equitable Bldg. Dee Mollies, IA 60309 615/282-6462 COMMERCIAL LOAN OFFICER $100mm-t- bank, excellent location, colleges, strong bank, middle market p ré d its ............................... $30,000435,000. POSITIONS AVAILABLE PRESIDENT $50mm + bank, requires proven tech nical social, and leadership skills, Independent bank, 20,000 population............................. $50,000. COMM’L LOAN • $100MM suburban bank with aggressive new ownership. Prefer five to seven yrs. experience In sim ilar size bank. $40K HEAD OF LENDING $200 + bank, requires mature administrator, 5 years In a bank over $100mm, 15 yrs. In banking, d e g re e ............................... $75,000. COMM’L LOAN/BIZ DEV • $80MM suburban bank affiliated with major holding company. Emphasis on new business development but need solid credit background. $35K EXECUTIVE VICE PRESIDENT $90mm-i- bank, strong commercial, some ag, population 30,000, high ROA bank ........................................... $50,000. SENIOR LENDER - $150MM suburban bank with large comm’l and real estate portfolio. Second position In bank with opportunity to advance. $Open ALL AROUND BANKER $25mm bank, lending, op erations, administration, 10,000 population, high earnings b a n k ...............................$30,000435,000. 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 CREDIT ADMINISTRATORfLENDER $80+ bank, college town, Independent b a n k ............... $40,000. Many years In bank management enables me to find the right banking environment for you, com pletely confidentially. Send your resume or phone: DON W. SCHOOLER 2808 East Meadow Springfield, Missouri 65804 (417) 882-2266 AGRI-LOAN - $25MM community bank with 50V* of loans In agri-credits. Prefer background in cattle financing. $30K Additional positions available for experienced bankers. TOM HAGAN & ASSOCIATES 2024 Swift • Box 12346 North Kansas City, MO 64116 816/4744874 _______ “ Serving the Banking Industry Since 1970” Vol. 14 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 ail mail subscriptions, changes of address (Form 3579), manuscripts, mail items to above address. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
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