Full text of The Northwestern Banker : September 4, 1978 : Northwestern Banker Newsletter, Vol. 7, No. 19

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Credit Unions Expand Credit Card Issuance
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September 4,1978

Des Moines, Iowa

Vol. 7 No. 19

BOUT 120 credit unions in the
A
United States have begun
issuing credit cards this year,
according to John F. Fisher, senior
vice president of First Banc Group
of Ohio, Inc., Columbus. That
holdin g com p a n y’ s subsidiary,
Financial vCard Services, reports
Mr. Fisher, is the processor “ for
about 80 to 85 of them, mostly east
of the Rockies.” Most of the
remaining credit union card plans
are processed by Time Share of
California and Florida Payment
System (which has 20 or more in
the latter state).
Mr. Fisher said Financial Card
Services is the only processor with
a contract with Credit Union
National Association. First Banc
Group owns 16 Ohio banks, the
principal one being the C ity
National Bank & Trust Co.,
Columbus, which has deposits
exceeding $760 million.
The states where credit unions
have taken an interest in credit card
programs include Colorado, North
Dakota, Minnesota, Wisconsin and
Illinois in the upper midwest.
The Iowa Credit Union League
has petitioned the Iowa department
of banking for a declaratory ruling
on the authority of state chartered
banks and credit unions to issue
credit or debit cards. The petition
also requests a ruling concerning
the difference between a debit and
transaction card. The latter card is

used by Iowa bank customers in the
bank-operated Iowa Transfer Sys
tem. A hearing has been scheduled
Tuesday, September 5 at 9:30 a.m.
in the office of Thomas H. Huston,
Iowa superintendent of banking, on
the petition.
Mr. Fisher’s organization has
been a leader in the credit card field
for many years, and has been noted
as a processor for the past decade.
He said “ Credit unions are not real
significant issuers (of credit cards)
so far. CUNA provides them
overall organization, including pro
viding a processor, which is our
firm. Credit unions can be on line or
taken care of by overnight courier
service. We have daily courier
service all over the country so this
is no problem for us as a major
processor. Either way, I ’m in daily
contact with them.
“ W e’re purely a data processor
that maintains a customer file,
posts, maintains data—all the
pertinent duties of a processor. We
also issue cards from here.”
Mr. Fisher said a credit union
member can use the V ISA card
issued by his firm in the usual way
with merchants. The sales ticket is
deposited at the local bank. The
V ISA transaction flows through
the V ISA system and is shunted to
the Financial Card Services compu
ter center for processing. The
Columbus firm does the billing to
the credit union member on the

local credit union’s billing state
ments. Payments are made by the
member directly to the local credit
union. “ W e’re transparent to the
customer throughout the entire
transaction,” Mr. Fisher stressed.
He said about 18 savings and
loans have now been authorized for
V ISA usage and his firm processes
some of them. He looks for
continued expansion of credit card
programs by credit unions and
s&ls. “ It’s no longer a field where
banks have it all to themselves,” he
commented. “ Banks will just have
to get out there and compete with
the rest of the financial institu
tions.”
The New York State Bankers
Association filed suit last week in a
state court to prevent savings
banks from issuing credit cards.
The suit is against the state
banking department, Dime Savings
Bank of New York, New York Bank
for Savings and Onondaga Savings
Bank of Syracuse. The NYSBA
and three small commercial banks
say the savings banks aren't
permitted under law to issue Visa
cards and they ask the court to
declare a lack of such authority.
In another credit card area, Visa
and Master Charge are planning to
enter the traveler’s check field to
compete with American Express
and Citicorp domestically and
worldwide for a growing, lucrative
market that should hit $22.6 billion
[Turn to next page, please]

When you choose a city correspondent,
do what over half of the banks in Iowa do
— bank at MNB.
Jerry Trudo
Assistant Vice President

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Merchants National Bank 1:1

222 Second Ave. S E

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Cedar Rapids. Iowa 52401

•

A'BANKS OF IOWA' BANK

TH IN K O F US
A S SECURITY.
We’re your source. So, start corre
sponding with Security. You’ll be
glad you did.
Steve Hatz
Correspondent Banker
712/277-6719

SECURITY N ATIO N AL B A N K
SIOUX CITY, IOWA. MEMBER F.D.I.C.

CREDIT CARD ISSUANCE . . .
[Cont. from page 1]
next year and is estimated to top
$53 billion by 1988. Master Charge
would issue travelers checks for
sale by its member banks. Visa is
considering a system whereby
perhaps 10 major banks are the
issuers, each in turn making the
checks available to smaller agent
bankers and competing with each
other for the business. This would
include,
for example,
having
issuing banks in other countries as
well as having domestic bank
issuers.

Iowa News
The retail banking committee of
the Iowa Bankers Association will
present its Conference on Install
ment Lending Wednesday-Thursday, September 13-14, at the Des
Moines Hyatt House. Registration
w ill begin at 8:30 a.m . on

CamtcKly:
BANKERS’
BANKER
Come Crow
With Us

Bankers Thjst
D es M oines, Iow a 5 0 3 0 4

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Wednesday followed by the general
session at 9:30.
Topics of discussion will include:
consumer credit, auto industry,
expanding horizons of banking,
recreational vehicle financing, line
of credit, new Iowa student loan
program. Workshops will be held
on compliance examination, leasing
and collections.
***
Rules have been filed by the
Department of Banking, effective
immediately, under Section 23 of
HF 2467 providing for the orderly
discontinuance of share drafts and
establishing reserve requirements
for credit unions. The reserves are
nom inal coverin g those credit
unions engaged in share draft
activity.
Those offering share drafts Eire
required to notify their members
participating no later than Novem
ber 3, 1978, that:
1. Share draft writing by CU
members for payment of funds to
nonmembers shall terminate Feb
ruary 2, 1979.
2. Share drafts entering the
payment system shall be processed
until April 15, 1979.
3. Share drafts presented to the
CU for payment after April 15,
1979, shall be dishonored and
returned to the payee.
CHARLES CITY: Citizens Nation
al Bank has announced the
following staff changes: Elizabeth
G. Regan, cashier; Bud Tomson,
vice president of operations; Ellen
E. Haycraft and Barbara G.
Anderson, assistant cashiers, and
Sheila M. Fisher, loan officer.

joined the First State Bank as an
officer trainee. He is a recent ag
business and farm management
graduate of Iowa State University,
Ames.
DES MOINES: Roger Johnson
was named an assistant vice
president and office manager of the
Hickman and 64th location of Plaza
State Bank. Michael J. Bauder was
named manager of the Harding and
Euclid office.
D ES M O IN E S : The Federal
Reserve System has announced its
approval of the applications of
Forest City Limited, Des Moines,
to become a bank holding company
by acquiring Forest City Bank &
Trust Company, Forest City, and
to engage in the sale of certain
types of credit-related insurance by
acquiring John Witmer Agency,
Forest City.
DES MOINES: The Iowa Supreme
Court ruled last week in a case
concerning First of Omaha Service
Corp. that out-of-state financial
institutions servicing Iowa credit
card transactions must adhere to
Iowa law covering interest rates.

V
V

EAGLE GROVE: Jerry Marso has
joined the Brenton State Bank as
vice president and agricultural
representative. He formerly was
agricultural representative at the
Union State Bank in Winterset.
JESUP: Funeral services were held
recently for C. R. Duroe, president
of the Farmers State Bank. Mr.
Duroe was a third generation Iowa

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IOWA NEWS . . .
[Turn to page 4, please]

W hen
it co m es to

total service, you’ll get a
lot of help for your
money.
_______________

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4,

C L A R IO N : Craig Jordan has
joined the Brenton Bank and Trust
Company as assistant vice presi
dent and operations officer. He has
been with Brenton Banks in Des
Moines for the past three and a half
years.
CONRAD: Brian D. Mohr recently

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An A ffilia te o f N o rth w e s t B a h c o rp o ra tio n

Banco00

Carleton D. Beh Co.

Investment Securities
Des Moines Building • Des Moines, Iowa 50309 • 515/288-2152

NEW ISSUE
Dated:

July 1,1978

$2,200,000
KENT COUNTY, MICHIGAN
(Grand Rapids, Michigan)

MOODY’S: “Aa”
S & P: “AAA”

General Obligation Drainage District Bonds

Denomination: $5,000
Both principal and semiannual interest (March 1 and September 1, first coupon due March 1,1979) payable at
the Citizens Commercial & Savings Bank, Flint, Michigan.
IN THE OPINION OF COUNSEL INTEREST ON THESE BONDS IS EXEMPT FROM ALL PRESENT FEDERAL
INCOME TAXES.
MATURITIES
$1,400,000 Grattan-Vergennes Sanitary Drainage District Drain Bonds
6.90%
5.00%
$100,000 September 1,1979
4.60
$100,000 September 1,1986
5.00
100,000 September 1,1980
4.70
100,000 Septem ber 1,1987
5.00
100,000 September 1,1981
4.75
5.10%
5.00%
100,000 September 1,1988* 5.05
100,000 September 1,1982
4.85
100,000 September 1,1989* 5.10
4.90%
5.20%
100,000 September 1,1983
4.90
100,000 September 1,1990* 5.15
5.00%
100,000 September 1,1991 * 5.20
100,000 September 1,1984
4.95
5.25%
100,000 September 1,1985
5.00
100,000 September 1,1992* 5.25
$800,000 Grattan Sanitary Drainage District Bonds
6.90%
5.00%
$ 75,000 September 1,1979
4.60
$ 50,000 September 1,1986
5.00
75,000 September 1,1980
4.70
50,000 September 1,1987
5.00
60,000 September 1,1981
4.75
5.10%
5.20%
50,000 September 1,1988* 5.05
60,000 September 1,1982
4.85
50,000 September 1,1989* 5.10
4.90%
5.20%
60,000 September 1,1983
4.90
50,000 September 1,1990* 5.15
5.00%
50,000 September 1,1991 * 5.20
60,000 September 1,1984
4.95
5.25%
60,000 September 1,1985
5.00
50,000 September 1,1992* 5.25
*Optional beginning September 1 , 1987 at 102%; September I f 1990 at 101%.
LEGALITY TO BE APPROVED BY DICKINSON, WRIGHT, McKEAN, CUDLIP & MOON, ATTORNEYS,
DETROIT, MICHIGAN.
Kent County is located in the southwestern portion of Michigan’s lower peninsula. Grand Rapids, the county seat, is the largest city in
the County and the second largest in the state. Much of the land in the County is devoted to agriculture, including cash crops, dairy
farming and fruit growing. Kent County has significant industrial and commercial development centering around the city of Grand
Rapids. Steelcase, Inc., General Motors Corp., Amway Corp. and Keeler Brass Company are among the industrial firms included in the
list of large taxpayers.
These bonds are being issued to pay part of the costs of constructing the sanitary drains. They are payable from assessments levied
against benefited property owners. In the opinion of counsel, these bonds are also legal and binding general obligations of Kent
County, Michigan, and all taxable property located therein is subject to the levy of sufficient taxes to pay the principal of and interest
on the bonds without lim it as to rate or amount should the assessments prove insufficient.

4
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FINANCIAL STATEMENT
Market value of taxable property, 1978-79
$5,352,581,086
Assessed value of taxable property, 1978-79
2,676,290,543
Gross direct debt, including this issue
52,208,500
Net direct debt, excluding self-supporting
25,625,000
Total net direct, overlapping & underlying debt
214,953,105
Population, 1978 estimate: 442,500
Gross direct debt per capita: $117.99
Net direct debt per capita: 57.91
Total debt per capita: 485.77
Tax collections have approximated 98.4% of taxes levied for the past four years.

We own and offer subject to prior sale and change in price and subject to our attorney’s approving opinion.
https://fraser.stlouisfed.org
The information contained in this circular is not guaranteed, but is derived from sources we deem reliable
Federal Reserve Bank of St. Louis

IOW A NEWS . . .
[Continued from page 2]
banker, starting in banking in
Sioux Rapids in 1926 and later
working in banks in Terril. He
purchased control of Farmers State
Bank in Jesup in 1955 and had been
president since that time.
POSTVILLE: Stanley Straate has
joined the Postville State Bank as
assistant vice president and farm
representative. He is a 1971
graduate of Iowa State University,
Ames, and formerly was with the
Kellogg Savings Bank.

Nebraska News
The Commercial Federal Savings
& Loan Association of Omaha has
requested permission from the
Nebraska department of finance for
a charter for an industrial loan and
investment company to be known
as Tower Financial Services, Inc. A
hearing was held on the application
last week in the office of William H.
Riley, director of banking, at which
there were 19 protesters. These
included several large banks, the
Nebraska Bankers Association and
several industrial loan companies.
Commercial Federal is a billion
dollar mutual institution. Under
federal law it is permitted to spin
off up to 1% of assets to form a
subsidiary corporation. By this
route, it proposes to organize a
stock subsidiary, Commercial Ser
vices Corp., which in turn would be
the organizer of the industrial
bank. O fficials o f Com m ercial
Federal state the new firm would
not take deposits, but it would be
empowered to make all types of
loans. The loan funds apparently
w ould com e from Com m ercial
Federal.
Mr. Riley told the N o r t h w e s t e r n
B a n k e r August 30 that a transcript
of the hearing is due in three weeks.
With time allotted for various legal
briefs, filings and responses, “ we’re
looking at three months before a
decision can be made,” he said.
That would place the decision at
about December 1.
Mr. Riley would like to have the
matter cleared up before he leaves

office at the end of the year, he
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

stated. He has made known his
wishes several times to leave office
then, regardless of the outcome of
the gubernatorial election. “ I
sincerely believe that every three or
four years it’s good to have
someone new on the job to bring in
a fresh view, new ideas and new
vitality,” he said.
N EBRASKA CITY: Funeral ser
vices were held recently for Edwin
T. Gardner, 79, 50-year employe of
the Farmers Bank. Mr. Gardner
was vice president of the bank when
he retired on January 1, 1975.
O A K L A N D : A . James (Jim)
Voelker has joined the Farmers and
Merchants National Bank here as
vice president. He formerly was
assistant vice president of the First
National Bank of Stanton.
STANTON: Gladys M. Freiberg
has been promoted to vice president
and cashier of the First National
Bank.
SYRACUSE: The First National
Bank has announced the promo
tions of Janis Auer to cashier and
Bruce Krueger to assistant cashier.
Larry Bayer has joined the bank’ s
loan department.

Illinois News
Congressman Jack Kemp (RN .Y.), co-author of the Kemp-Roth
bill advocating a 30% reduction in
tax rates, will speak at the
concluding banquet of the annual
meeting of the Association for
Modern Banking in Illinois.
The m eeting w ill be held
September 13-14 at the Continental
Plaza in Chicago. It will begin with
a Wednesday luncheon and con
clude Thursday with the annual
banquet.
CHICAGO: Continental Illinois
National Bank plans to open
suburban offices o f its trust
department. Winnetka and Oak
Brook are locations being consider
ed. William C. Harris, commission
er of banks and trust companies,
said he doesn’t feel the offices can
be construed as branches.
CHICAGO: LaSalle National Bank

would be sold to Algemene Bank in
Amsterdam under an agreement
reached August 24. The Amster
dam bank is the 27th largest in the
world with $28 billion in assets.
Total value of the bank sale would
be $82 million if all shares are
purchased. LaSalle has assets of
$852 million. Included in the sale
would be a 14% interest held by
Harrison Steans, chairman, and
James G. Costakis, president. The
two had an option to buy remaining
shares from G A T X by June 30,
1980. G ATX expects to make $15
million from its share of the sale,
p rovid in g it is approved b y
regulatory authorities.

Nancy H. Teeters Named
To Federal Reserve Board
Nancy H. Teeters, 48, chief
economist of the House budget
committee, has been nominated by
P resident Carter to fill the
unexpired term of former Federal
Reserve Board Chairman Arthur F.
Burns, who resigned earlier this
year. Mrs. Teeters’ nomination
requires approval by the Senate for
the term which will end January 31,
1984. She would then be eligible for
a full 14-year appointment to the
Board. Her approval is expected
with no delay. She will be the first
woman member of the FRB board
in history. Mrs. Teeters has
degrees from Oberlin College and
the University of Michigan and was
a senior fellow at the Brookings
Institute from 1970 to 1973. Her
previous assignments have been
with the Office of Management and
Budget and as a fiscal economist
with the Council of Economic
Advisors. She is described as a
“ vigorous liberal.”

'ih*
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FOR SALE
Mobile bank, 12 x 64. LeFebure drive-up
window, night depository envelope drop,
money chest and silver lockers, large attractive
lobby, two teller stations, alarm system,
private office off lobby, two restrooms, new
Amana central air and heating, employee
lounge, hot and cold running water, lots of
storage. Merchants National Bank, 222 Second
Avenue SE, Cedar Rapids, Iowa. (319)
398-4297.

W h at?
Issu e an individual life
insurance p olicy in my bank.
to cover large loans or lines o f
credit?
H ow ?
CONTACT:

Immediate Issue Credit Department.
ATTN: Ron Davis

Guardsman Life Insurance Company
1025 Ashworth Road
West Des Moines, Iowa 50265
I would like additional information:
Name _____________________________
Bank _________________________
A ddress_______________ _________________________________ Phone_________________
C ity ____________________________________________ S tate______________________ Zip

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

C A L L ON T H E “P E R F O R M A N C E T E A M ”
where com m on transactions are handled uncom m only well.
FIRST NATIONAL LI NCOLN
13th & M Street • Lincoln, Nebraska 68501 • Member, F.D.I.C.

Minnesota News
KLOSSNER: Klossner State Bank
has received consent to establish a
facility at the intersection of
German and Center Streets in New
Ulm.

MANKATO: Northwestern Na
tional Bank has announced the
election of John C. Roise to senior
vice president. He formerly was an
assistant vice president and credit
development program manager in
the credit department of Northwest
Bancorporation in Minneapolis.
SPRING LAKE PARK: First
State Bank has received consent to
establish a detached facility at the
northeast comer of State Highway
65 and 121st Avenue Northeast in
Blaine.
VIRG IN IA: First National Bank
has announced the election of
David L. Groshens as cashier. He
formerly was with the First Grand
Avenue State Bank in St. Paul.

Colorado News

The Colorado Bankers Associa
tion has scheduled a series of nine
Teller Security Workshops to be
held in conjunction with the Annual
Clearinghouse Caravan which will
tour the state from September
11-26. The Teller Workshops will
immediately precede the Caravan
meetings and will cover such
matters as check forgery, counter
feiting, bogus documents, credit
card abuse, hot checks, internal
fraud and short change artists.
There is a fee of $10 per teller.

Leading the Teller Workshops will
be Frank William Abagnale, Jr.,
once one of the world’s most-sought
con men and fraudulent check
writers, and now a noted authority
on white collar crime.
The Caravan meetings will follow
the Workshops with cash bar at 6
p.m., dinner at 7 p.m ., Mr.
Abagnale as dinner speaker. The
meetings are as follows:
Sep. 11 —L am plighter G arage,
Alamosa.
Sep. 12—Holiday Inn, Durango.
Sep. 13 —H oliday Inn, Grand
Junction.
Sep. 18—Bent’s Fort, Las Animas.
Sep. 19—Burlington Country Club,
Burlington.
Sep. 20—Ft. Morgan Country
Club, Ft. Morgan.
Sep. 21—Ramada Inn, Greeley.
Sep. 25—Four Seasons Motor Inn,
Colorado Springs.
Sep. 26— C osm opolitan H otel,
Denver.
BOULDER: J. Patrick M cDuff has
been promoted to vice president in
charge of the commercial loan
department at National State Bank
of Boulder.
CONIFER: Mountain Valley Bank,
to be located within a radius of
one-half mile of the intersection of
U.S. 285 and Aspen Road, has filed
an application for a charter with the
State Banking Board. Organizers
of the proposed state bank are
Leslie D. Allen of Evergreen,
Gerald E. Anderson of Thedford,
N ebr., Dale G . L an gford o f
Northglenn, John P. Olson of
Breckenridge and J. Robert Young
of Glenwood Springs.

DENVER: William P. Hughes has
been named vice president-trust at
A m erican N ational Bank. He
previously was vice president of
marketing for First Trust Corp.

South Dakota News
The five regional groups of the
South Dakota Bankers Association
will meet during the week of
September 11. Registration will be
held from 3-4 p.m. followed by the
business session at 4, social hour at
6:30, dinner at 7:30 and a speaker
at 8:15. The dinner speaker will
be Dan Baker of Bulverde, Tex.,
a humorist, motivational speaker.
The dates and locations are:
Group 5—September 11 —Rapid
City, Imperial 400.
Group 4—September 12—Mobridge, Country Club.
Group 2 —September 13—Aber
deen, Sheraton Motor Inn.
Group 3—September 14—M it
chell, Holiday Inn.
Group 1—September 15—Sioux
Falls, Minnehaha Country Club.
PIERRE: American State Bank
has increased its capital stock from
$550,000 to $665,000.

For
availability
of funds,
knowledgeable people
and professional service,
call our correspondent
bank department.

TOLL FREE
1- 800- 362-1615

Bernie Lattyak

Your Man
on the First Team.
712/277-1500
BERNIE LATTYAK
Assistant Vice
President
-fÇ

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Federal Reserve Bank of St. Louis

First National Bank

Sioux City • A ‘BANKS OF IOWA’ BANK

fit,

C
’
Central National Bank
& Trust Company
LOCUST AT 6TH/DES MOINES, IA 50309
MEMBER FDIC
( g AFFILIATED WITH CENTRAL NATIONAL BANCSHARES. INC

40 IOWA BANKS-OWNERS OF THE IOWA NEW OUTLOOKS ASSOCIATION
INVITE YOU TO ENJOY MORE

CHECKINGACCOUNTGROWTH
THROUGH THE NEW OUTLOOKS CLUB-AMERICA S MOST SUCCESSFUL
MOST PROFITABLE PACKAGE CHECKING PROGRAM.

CALL THE IOWA NEW OUTLOOKS ASSOCIATION: 5 1 5 /3 8 2-5 3 6 3
Prime to 9Va %
Chase Manhattan N .A ., New
York, increased its prime rate last
Wednesday from 9% to 9 V4 % , the
highest rate among major banks in
the past three years. Other money
center banks were expected to
follow.

POSITION AVAILABLE
$30 Million Eastern Iowa Bank, seeking commercial
loan officer with 2-5 years experience and a business
degree. Farm background preferred. W rite file OQS,
c /o Northwestern Banker.

f ? ----------------------------- — —■— — 1

I
I

Ws have qualified buyers for your
majority bank stock.
if you are ready to sell your bank
please contact:

J. Mason Henry, President

Attention all Banks with “ 1st”
or “ First” in your name.
WE HAVE THE LARGEST
ONE IN IOWA!!! Ten feet high
number ones with the “ st” ;
these reconditioned signs are
red with neon backlighting
and are complete with anchor
bolts. Worth over $3,000.
new; make us an offer.
Kirk Gross Company
110 East Seventh Street
Waterloo, Iowa 319-234-6641

WANT ADS
Rates SO cents per word per insertion.
Add $2 for box numbers. Identity of box
number advertisers cannot be revealed.
Payment in advance, please.
NORTHWESTERN BANKER
306 15th St., Des Moines, Iowa 50309
COLLECTION MANAGER
Large Eastern Iowa bank has excellent opportunity
for individual with a 2-3 year background in collection
work, specifically in the area of consumer lending.
Must be familiar with legal requirements in the field
of credit and collections. Salary - negotiable. In
confidence, forward letter of inquiry and resume to
file PRT, c /o Northwestern Banker.

I»

545 - 31st Street

BANKERS PARTICIPATING

ascPtan.Inc.
Des Moines. Iowa 50312

R. L. “DICK" SELLON • P.D. “DUANE" DEVAULT

Charles E. Walters Co., Inc.

P.O. Box 1313, Omaha, Nebraska68101
Phone: (402) 553-6400

OPPORTUNITIES
PRESIDENT— For neighborhood Kansas City area
bank. Person who has manager or #2 experience.
Minimum of ten years of loan and business
development. Salary open and liberal.
SENIOR LOAN OFFICER— For management of loan
department in 100 million plus bank. Ability to
manage 50 million portfolio. Salary range to mid
thirties.
CORRESPONDENT OFFICER— Credit and opera
tions experience. Travel 2 days a week on average.
CREDIT ANALYST— Abie to analyze statements and
make presentations to loan committee. 200 Million
Iowa bank.
The above are some of our current listings. If you
are seeking an additional officer let us know.
Employer pays fees. Schedule on request. If you are
seeking relocation forward your resume in strict
confidence. Call or write to Tom Cannon, Bank
Consultant orTom Chenoweth, Manager. FINANCIAL
PLACEMENTS, P.O. Box 13786, Kansas City,
Missouri 64199. Phone 816-421-7941.

SERVING PROFESSIONALLY
Banking, Financial I Businas* Parsannal
lawa and Nationwide

CAPITAL PERSONNEL SERVICE
814 Central National Bldg. 515-283-2545
Des Moines, Iowa 50309
FOR SALE OR LEASE
Portable drive-up teller units, ideal for temporary or
permanent use. Contact Financial Products, Inc.,
Box 1035, Eau Claire, W l. 54701. Phone: (715)
835-8160.

BANKS
FOR SALE

ALL ACROSS U.S.A.
Daniel A. Hyland
CROWN BANKING SERVICES
325 W. Prospect Avenue
Mount Prospect, Illinois 60056

PARTIAL LIST OF
AVAILABLE CANDIDATES
A V P /FA R M REP. - Has developed farm loan depts.
Graduate of Ag Credit School with rural background.
Also exp. in commercial lines, SBA loans, FmHA and
marketing. Earns $22,000.

VP - Duties include agri, commercial & personal loan
officer. Is in charge of commercial loan dept. Has
worked in advertising & public relations. Earns
$25,000.
PRESIDENT - Administers leasing, loan credit/col
lection policies with an industrial loan & investment
co. Can handle general functions such as personnel
admin., mktg., budgeting. Earns $25,000.

! ..

MKTG. OFFICER - Presently in charge of mktg. and
business development efforts. Able to sell &
cross-sell all bank services. Organized and oversees
the call program. Earns $20,000.
FOR FURTHER INFORM ATION CONTACT:

M1
M1
M1

Bank Division

ROBERT HALF of Iowa,

inc.

317 6th Ave.
Des Moines, IA 50309
(515) 244-4414

VPOSITION AVAILABLE
Chief executive officer. 30 million dollar bank. Good
well-rounded experience necessary. Send resume to
Box JLN, c /o Northwestern Banker.

POSITION AVAILABLE
Programmer with RPG2 knowledge; minimum
one-year experience. Banking experience helpful.
Duties include programming, systems design,
documentation and training. Contact Thayer County
Bank, c /o Box 48, Hebron, Nebr. 68370.

POSITIONS AVAILABLE
SENIOR OPERATIONS— Total responsibility
for overall internal operation of $100MM +
Missouri bank. Major bank experience
preferred............................................................$25,000
REAL ESTATE LOAN— Suburban bank seeks
individual with strong single family and
secondary market background to start
Real Estate Dept..............................................$23,000
BRANCH MANAGER— Strong commercial
loan background desired. Should be well
versed in 6-figure credits................................$22,000
PRESIDENT— $25MM Iowa bank. Should
presently be CEO and have excellent ad
ministrative background. Rural location. .$30,000
INSTALMENT LOAN— Complete charge of
$35MM portfolio. Both direct and indirect
experience required......................................... $25,000
AG-LOAN— $20MM Nebraska bank seeks ad
dition to staff. Commercial experience
helpful.......................
$20,000
INSTALMENT LOAN— Supervise $7MM dept,
in Iowa bank. Background will include
dealer experience............................................. $18,000
A sample of our currentlistings. Please forward
resume’ and salary history in confidence to:

TOM HAGAN & ASSOCIATES
Linda Blue Smith, Pres.
Box 12346 - 208 E. 18th Ave.
NKC, MO 64116 (816) 474-6874

Vol. 7 No. 19 Northwestern Banker Newsletter is published weekly by the Northwestern Banker Company, 306
Fifteenth Street, Des Moines, Iowa 50309. Subscriptions 25 cents per copy, $8 per year. Second class postage paid
at
Des
Moines, Iowa. Address all mail subscriptions, changes o f address [Form 3579] manuscripts, mail items to

above address.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

V
b

JM
N*

Full text of The Northwestern Banker : September 4, 1978 : Northwestern Banker Newsletter, Vol. 7, No. 19

FRASER