The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
• Vol. 17 No. 21 Des Moines, lowa Salary N ot R eason for R esignations ® ^ ^ ^ ^ 0 0 0 # 0 0 D workers rarely quit their ^ 1 jobs over salary or benefits, re ports a new nationwide survey of leading corporations. According to the survey, the overwhelming majority (7 out of 10) of the better employees who do quit believe they did not receive enough recognition or feel that opportunities for advancement are too limited. The survey, which was developed by Robert Half International, the world’s largest accounting, financial and data processing recruiting spedalists, was based on interviews with top management executives and personnel directors of 100 of America’s 1,000 largest companies. It was conducted for the Robert Half organization by an independent research firm. The respondents were asked why good employees would be most likely to quit. Here are the reasons given why they leave: • Feeling that opportunities for ad vancement are hmited—47% • Lack of recognition—26% • Unhappiness with management— 15% • Inadaquate salary or benefits—6% • Bored with the job—6% “ Salary and benefits may be at the bottom of this list,” observed Robert Half International President Max Messmer, “ because most com panies accept the need to provide the compensation necesary to at September 5,1988 erials, continental breakfast and lunch for both days. If paid in ad vance, fee is $275 for members, $325 for subscribers and $375 for non members, with $25 additional re quired if paid after September 23. Contact the IBA for more informa tion. tract and retain good employees.” However, Mr. Messmer said, “ The survey is evidence that man agement risks losing top people when it fails to recognize achieve ment or provide clearly defined ad vancement and promotion paths.” □ ELDORA: Jim Brown has been named president and acting chair man of the board of Hardin County Iowa News Thomas R. Smith was elected Savings Bank. He succeeds his late president-elect and Dale Froehlich, father, Robert R. Brown, in both treasurer-elect of the Iowa Bankers positions. Jim Brown joined the Association recently. Mr. Smith cur bank in 1974 and has served as ex rently serves as vice chairman and ecutive vice president for the past director of Brenton Bank and Trust six years. Co., Marshalltown. He also is a IDA GROVE: First State Bank in director of Brenton Bank, Inc., Des Ida Grove has been sold to a local Moines and Brenton National Bank group headed by Richard A. Bogue, in Perry. Mr. Froehlich is president, president of HIWAY Products, Inc. CEO and marketing officer for The $15.8 million bank was owned Ankeny State Bank, Ankeny. He by the former Toy National Bank of has been with the bank for over four Sioux City, which acquired it in years. The treasurer-elect position 1985 when the previous owners was created this past year and is defaulted on a bank stock loan. neither an officer or board position, Terms of the sale were not disclosed. but is designed to serve as training for the treasurer’s position. Mr. Minnesota News Froehlich will be a member of the The Minnesota Metro AIB has IBA Finance Committee. announced seminars to be offered in * * * September. Dates and topics are: The IBA will sponsor a school for 7th—Check Collection Expedited teller trainers on October 5-6 at the Funds Availability for Customer Savery Hotel in Des Moines. Work Contact Personnel; 13th—Produc shop leader will be Bev Licata, vice tive Communications: Knowing president of Financial Education & Yourself and Others; 14th—Making Development. Fee includes mat the Transition to Supervision; COUNTONIt Count on C om m erce for superior capabilities and personal attention to your correspondent banking needs. A com bination w eV e upheld for m ore than 120 years. Give us a call. 1- 800- 892-7100 1- 800- 821-2182 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis (Outside Missouri) Im i Com m erce Bank o f Kansas City HkH Illinois News Norwest Bank Des Moines, N.A. The Illinois Bankers Association will hold its annual Agricultural Credit Conference at the Holiday Inn in Decatur on September 14-15. Scheduled speakers include Carl ( Clayton of Clayton Enterprises, Mt. Teamwork: Prospect; Art Pulis of Pulis & one of the reasons Associates, Durango, Colo.; Dr. David Lins, professor of a g we're first in Iowa. economics at the University of Illi nois, and John Marten, staff M ark Conway Richard Pedersen econom ist for Farm Journal magazine. Contact the IBA for more 14th—Quality Customer Relations: subsidiary. H eadquartered in information. A Two-Part Series; 2.1st—Bank Pro Bloomington and with an office in CHICAGO: Lynn M. Orwiec has cedure W riting; 21st—Profes Winona, the corporation will joined The Exchange National Bank sion a lism fo r O ffic e S ta ff; be called M erchants Capital as vice president and retail develop 22nd—Persuasive W riting and Resources, Inc. J. Roger Meier was ment manager. She was previously Editing for Managers. For more in named president of the subisdiary. with Continental Illinois Bank formation, contact Judy Clark at Most recently Mr. Meier was sales where she was second vice president manager for Hubbard Leading Com and group marketing manager. (612) 338-8482. pany, Mankato. Scott Strebe will be Prior to that, she held positions as M IN N E A P O L IS : F irst Bank vice president of the company. manager in real estate operations System has named Daryl Evanvold and manager of secondary mar president of First Bank East Grand keting and sales. Forks. He will continue to serve as Nebraska News an account executive in the client The Nebraska Bankers Associa CHICAGO: Gordon L. Mason has group. Mr. Evanvold began his tion just concluded its 1988 Area joined The Exchange National Bank career with FBS in 1981. Banker Meetings at six locations of Chicago as vice president in the WINONA: The Merchants National across the state. According to NBA bond department. He will manage Bank of Winona has announced a President Harley Bergmeyer, atten the government trading desk. Mr. major expansion of its operations dance was excellent, with over 600 Mason was previously with Rodman and Renshaw, where he was vice I through the formation of a leasing bankers participating. president in charge of the municipal * * * trading and underwriting depart “ The Customer” Program will be ments. presented by the NBA during ELK GROVE: Joseph F. Tomasello September and October. This train has been named president of Avenue ing program is designed to improve Bank of Elk Grove. He joins the customer service skills in bankers. bank from PlainsBank of Illinois, The Executive Overview session will formerly Des Plaines National be presented September 27 at the Bank, where he most recently served Lincoln Cornhusker Hotel and as senior vice president of commer September 28 at the Kearney cial lending. He also worked at the Ramada Inn. This session costs $30 First National Bank of Chicago as a and runs from 8:30 a.m. to noon. The commercial banking officer/manTraining Session will be held Oc ager. tober 11-12 in Lincoln and October Dick Retz 13-14 in Kearney, and runs from MORTON GROVE: Gerrie M. MNB Correspondent Banker 8:30 a.m. to 4:00 p.m. Fee is $100 for Smith has been appointed vice presi the first registrant and $80 for each dent in charge of retail banking for additional. Contact the NBA for the Affiliated Banc Group, Inc. She previously served as senior vice more information. NORWEST BANKS Call (515) 245-3131 o r toll-free (800) 362-2514 Member FDIC III Together We Can Accom plish Great Things Call 319-368-4806 or toll free 1-800-332-5991 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. Strength Eastern |owa Merchants National Bank IS Cedar Rapids. Iowa 52401 Member F D l C A BANKS OF IOWA BANK https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Steve Brewer Des Moines, IA Member FDIC Assistant Vice President OVER 60% OFALL BANKS IN OUR MARKETAREA ARE NO W INSURED BY THE KANSAS BANKERS SURETY COMPANY That’s R ig h t. . . In th e nine states w e serve w e h av e solved th e b o n d in g needs for 6 of every 10 banks. That's over 1 6 .4 % of all banks in the United States THE REASONS. . . SUPERIOR SERVICE MOST COMPETITIVE PREMIUMS REALISTIC UNDERWRITING PROMPT CLAIMS SERVICE IF YOU’RE NOT GETTING THE SAME FROM YOUR BONDING COM PANY... GIVE US A CALL - YOU’LL BE GLAD YOU D ID. THE KANSAS BANKERS SURETY COMPANY DONALD M . TOWLE President DAVID E. ABENDROTH Senior Vice President 611 Kansas Avenue P.O. Box 1654 Topeka, Kansas 66601 Phone 1 -9 1 3 -2 3 4 -2 6 3 1 FINANCIAL INSTITUTION BONDS, SAFE DEPOSITORY LIABILITY, CHECKS KITING FRAUD INDEMNIFICATION, DIRECTORS AND OFFICERS LEGAL DEFENSE AND LIMITED INDEMNITY POLICIES https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Serving th e H e artla n d of A m erica sin ce 1 9 0 9 OVER 60% OFALL BANKS IN OUR MARKETAREA ARE NO W INSURED • BY THE KANSAS BANKERS SURETY COM PANY That’s R ig h t. . . In th e nine states w e serve w e h ave solved th e b on din g needs for 6 of every 10 banks. Thafs over 1 6 .4 % of all banks in the United States THE REASONS. . . SUPERIOR SERVICE MOST COMPETITIVE PREMIUMS REALISTIC UNDERWRITING PROMPT CLAIMS SERVICE IF YOU’RE NOT GETTING THE SAME FROM YOUR BONDING COM PANY... GIVE US A CALL - YOU’LL BE GLAD YOU DID. THE KANSAS BANKERS SURETY COMPANY DAVID E. ABENDROTH Senior Vice President DONALD M . TOWLE President 611 Kansas Avenue P.O. Box 1654 Topeka, Kansas 66601 * Phone 1 -9 1 3 -2 3 4 -2 6 3 1 FINANCIAL INSTITUTION BONDS, SAFE DEPOSITORY LIABILITY, CHECKS KITING FRAUD INDEMNIFICATION, DIRECTORS AND OFFICERS LEGAL DEFENSE AND LIMITED INDEMNITY POLICIES https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Serving th e H e artla n d of A m erica sin ce 1 9 0 9 • _ _ _ _ _ l^ ^ ô ^ h u N T üN SHARP ^ S S S S J S iS ^ -- - - - - - - - - - - ^ ± s tje â ^ ? T S !“* » -^ S S S ? » » - * . Reliable-feature pacKea-anu >u,H RETAIN AUTOMATIC, ACCURATE AND S P E C IE TRANSACTION TOTALS/ftEPORTS fjWtf transactions , s s S S ' V - **" BE-2530 Electronic Audit Machine ^ ‘ 71V0 MODELS n-ruco s h a r p FINANCIAL PRODUCTS °™E MO S " LINE TELLER MACHINE • BE 800 MICR ENCODER an703 & 704 102ND ANN C SHALL M S data FOR m o m * ™ ™ eqmpme. it " - . . . ^ R H A R P FINANCIAL^ D a ta B u s in 0S s E qu ip rrte n * INF 701 W. Milwaukee n ffire s ‘ s ï; s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis S * s s “ J ■ THE HEVRF OF 000 BOSWESS https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis president and cashier for the Af filiated Bank/North Shore National. . 3 DOES YOUR BANK NEED AN INVESTMENT CENTER? Your benefits: • New high net worth customers • Added profit • Reduced deposit loss to competitors • Ability to offer complete financial services South Dakota News " The South Dakota Bankers Asso ciation will hold its 1988 Group Meetings during September. Group I will meet at the Holiday Inn City Centre in Sioux Falls on September 21st. Group II will gather at the Aberdeen Inn on the 22nd. Group I l l ’s meeting will be held on the 20th at the Holiday Inn in Mitchell. Group IV will hold its meeting September 23rd at the Wrangler Motor Inn in Mobridge. Group V will meet the 19th at the Hilton Inn in Rapid City. At each meeting, registration will begin at 12:30 with the Call to Order at 1:00. The pro gram includes a slide presentation on Dakota Proposition II Ballot Issue; a report on farm mediation by Russ Stone, director of the Farm Mediation Program, and an update on Reg CC by Michael Moebs of Moebs Services. A reception will follow at 6:00 with dinner at 7:00. For more information, contact the SDBA. ^fl^BRITTON: The FDIC has approved the transfer of insured deposits and fully secured of preferred deposits of # Marshall County Bank, Britton, to First National Bank, Beresford. The failed bank's two offices (in Britton and Veblen) reopened August 22 as branches of First National Bank. • Marshall County Bank had total assets of $10.5 million and deposits of $9.6 million when it was closed August 19. 1-800-544-7113 First Dakota Building P.O. Box 2796 Bismarck, ND 58502 or P.O. Box 65697 West Des Moines, IA 50265 Lake. The Northwest Group will gather at Andrews Steck House in Rugby on the 27th. The Southwest Group will hold its meeting at the Golden West in New Salem on the 28th. The Southeast Group meets the 29th at the Eagles Club in Valley City. Each meeting begins at 2:00 p.m. with opening remarks by the group president. NDBA Presi dent Roger Berglund will give an NDBA and legislative update. “ Ways and Means of Grassroots Ac tivity” will be presented by NDBA General Counsel Keith Magnusson and state legislators. In addition, Arlen Leholm, director of the Center for Rural Revitalization, will ad dress each group. Following the business meetings, each group will enjoy a social hour at 5:45 and din ner at 6:30, with adjournment at 7:45. Fee is $30 for meeting and din ner, $20 for meeting only and $15 for dinner only. Contact the NDBA to register. The NDBA will hold a PEP Key Banker Training Workshop at two locations in September: at the Elks in Devils Lake on the 13th, and at the Kelly Inn in Bismarck on the 14th. Registration begins at 1:30, with the workshop running from 2:00 to 4:15. Registrations should be returned by September 9. Contact the NDBA for more information. * * * The NDBA will present seminars on Loan Review and Risk Rating on September 20 at the Holiday Inn in Bismarck arid on the 21st at the Doublewood Inn, in Fargo; as well as seminars on Problem Loan Workout on the 21st in Bismarck and the 22nd in Fargo. The loan review seminar runs from 8:30 to 4:00, and the loan workout seminar is sche duled for 8:00 to 3:00. Fee is $95 for either seminar or $160 for both. Con tact the NDBA by September 13 to register. _______ ___, For Professional Correspondent Service Call 1-800-622-7262 North Dakota News The North Dakota Bankers Association Group Meetings will be • held throughout late September. The Northeast Group meets the 26th at the Artclare Motel in Devils There Is A Difference In Banks... Valley National Bank ¡3 Main Office - Sixth and Walnut DES MOINES, IOWA 50304 A BANKS OF IOWA BANK Member FDIC F ir^ T ie r. Correspondent Services JAMES F. MacLEAN Vice President H. PETER DeROSIER Vice President More of what it takes to serve you well. F irs T ie r B an ks FirsTier Bank, N.A., Lincoln and FirsTier Bank, N.A., Omaha, Members FDIC https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Lincoln • Omaha Capital improvement plans and other management services P O S IT IO N A V A IL A B L E SW ORDS ASSOCIATES. INC. COM MERCIAL LOAN O FFIC E R — Im m ediate opening for com m ercial loan officer in a $45mm bank. Position will have primary responsibility for a $8mm com mercial loan portfolio. Credit analysis training and business develop ment skills required. Five years of com m ercial lending ex perience required. Send resume and salary requirements to: Harvey Huber, President, Union State Bank of Hazen, Hazen, ND 58545; phone 701-748-2233. (PA) C O M M E R C IA L L O A N O F F IC E R — L en din g p o s itio n available in east-central Nebraska bank. 1-3 years bank lending experience required. Contact File No. W OE c/o Northwestern Banker. (PA) Sm all w estern Nebraska bank needs experienced LENDER with ability to supervise new loan policies and procedures. Contact File No. W O F c/o Northwestern Banker. (PA) INTERNA L AUDITO R— 1 Vi -2 yrs. w /audit exp., exposure to trust and EDP auditing. Prefer a CPA. Send resume and salary requirements to: Personnel Dept., Natl. Bank of W aterloo, P.O. Box 90, W aterloo, IA 50704. EO E/M/F (PA) M idw est holding com pany is seeking CO M M ERCIAL AN D REAL ESTATE LENDERS with at least 3-5 years exp. Ex cellent benefits and growth opportunity. Send resume or letter to File No. WOI c/o Northwestern Banker. (PA) INSURANCE, REAL ESTATE A N D BA NK IN G. Interested in aggressive salesman for rural bank, $36M. Near Twin Cities. Send com plete history to File No. W OJ, c/o North western Banker. (PA) PROFESSIONAL BANKING CONSULTANTS 4900 OAK KANSAS CITY, MO 64112 (816) 753-7440 FOR SALE Estate Appraisals Purchase of Collections RECONDITIONED BRANDT Coin Sorters-Counters BRANDT Currency Counters New Warranty 402- 571-5577 Sale o f Rare Coins R eliable and respected service fo r over 20 years Used by bankers throughout the midwest SERVING THE UPPER MIDWEST Ben E . Marlenee Coins 913 Locust Des Moines, Iowa 50309 515-243-8064 FOR SA LE SUITE 301 R e g e n c y RECRUITERS, INC. Diane Evans 1102 Grand Avenue, Kansas City, MO 64106 816/842-3860 1984 B urrou ghs M o d e l S 3 000 2 4 -p o c k e t P R O O F M AC HINE, on line capability, 8 ” diskettes, and supplies. $12,500. Call 1-816-461-8000, ask for Bill Massop. (FS) The M idw est’s largest inventory of new and equipment. rebuilt Am erican Bank Equipment Sales - Service - Installation 402/571-5621 W ANT TO BUY POSITIONS AVAILABLE cd io C de x a n d <zdh$,ocLat£.s. BRANCH MANAGER - Need ag loan & operations experience. T o$ 30K + Specializing in the Purchasing and Sale of Banks AG LOAN O FFICER - 2 positions. Need a degree and 3-5 years experience. $30-35K Dorothy M inister, CPC GUM BERT EXECUTIVE EXCHANGE 9802 Nicholas Street, Suite 370 Om aha, NE 68114 Phone: 402/3904)275 W AN TED— To buy control position of a medium size bank within 60-mile radius Cedar Rapids. Deal direct or through your attorney. Provide pertinent information on which we can base an em pirical judgm ent. Q uick confidential ac tion. W e are principals not brokers. Contact File No. W OC c/o Northwestern Banker. (WTB) ASSOCIATES irig is Quality Personnel" PRESIDENT, $300mm bank, top adm inistrator, top budgeter, top marketer, strong lender . .$100,000. PRESIDENT Are you an experienced lender looking for an opportunity? Take charge of your career and m ake a change. $30M com munity bank in top-notch MO location seeks proven pro fessional. If you would feel com fortable in a camel 1 bank earning 1.25 R.O.A. this is it. $55K. VICE PRESIDENT, com m ercial lender, $200mm + solid bank, middle market credits ___ $40-45,000. AG LOAN O FFICER Rural NE bank in cow /calf and row crop area needs ex perienced ag lender. Great opportunity for advancement. Must be hardworking, com m unity type who enjoys ag len ding. $35K. AG LENDER, lines of $100,000-$500,000, strong cash flow and docum entation .............. $30-35,000. EXEC. VICE PRES., head of lending, $175mm, good adm inistrator, good teacher ........... $55,000. LOAN AD M IN ISTRA TIO N & LOAN ACCOUNTING SUPERVISOR, huge portfolio, will be working with computer input in large main fram e com puter . . . ........................................................................ $40-45,000. VICE PRESIDENT, com mercial lending, good outstate town, good location, solid bank .$30,000. HEAD O F CONSUM ER, $10mm dept., exp. in indir ect business development, top bank . .$25-30,000. COLLECTOR, lake area, reputation bank . $20,000. 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 ALL FEES COMPANY PAID Donald E. Holder, Principal Decorah, Iowa 52101 Farm Equipment Specialist Appraisals & Auctions Call Dale Ryan 319-382-8648 POSITIONS AVAILABLE TRUST DEPARTMENT HEAD Are you deadended in your current position and looking for more? Fast-paced high activity organization is looking for mem ber of senior managem ent team . Must have prior trust departm ent experience and ability to manage. $60K. FOR FURTHER INFORMATION CONTACT KURT ROSENCRANTS 515-232-0814 Ames, Iowa 50010 RYAN AUCTION CO., INC. C H O O L E R Jr POSITIONS AVAILABLE 405 Main SECOND O FFICER, small country bank, all types of lending, business development ............ $24,000. DON W . SCHOOLER 2508 East Meadow Springfield, Missouri 65804 (417) 882-2265 POSITIONS AVAILABLE TRUST MARKETING - large urban bank. Requires degree and trust experience. $35K REAL ESTATE LOAN - single fam ily residential and secon dary market experience required. Proximity of major metro area. $40K LOAN REVIEW - large bank experienced required. Both junior and senior level positions available. $28-$40K COM MERCIAL LENDING - V.P.positions in urban and large suburban banks. Personal portfolios from $20MM to $50MM. $40 K BRANCH MANAGER - handle small business and con sumer credits. Med-size com m unity affilia te of multibank holding company. $24K Additional listings for commercial lending and trust officers. Resume' requested. TOM HAGAN & ASSOCIATES P.O. Box 12346/2024 Swift North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry Since 1970’ Vol. 17 No. 21 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, $24.00 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