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Vol. 10 No. 20 September 7.1981 Des Moines, Iowa Regional E FT Interchange Proceeds PLAN to organize a cooperative A effort among independent bank ing networks to provide national Wolf son, president, Metroteller, Buffalo, and James H. Martin, executive director, TYM E, Milwau interchange between shared regional kee. The Working Group, they ATM systems has been announced explained, was held small in its initial by the Regional Interchange Work phase for flexibility in determining ing Group. The announcement was initial direction. The joint statement made jointly by three pioneering issued by the RIGW states, “ We are regional shared systems — Iowa now prepared to open the doors to all Transfer System, Inc., Des Moines, la.; Metroteller Systems, Inc., Buffalo, N .Y ., and TYM E Corp., Milwaukee, Wis. The plan is in keeping with a proposal reported in the July Northwestern Banker, which stated that six regional EFT systems forming the RIGW had met in New Orleans during the A B A Bank Automation and Operations Confer ence and again on July 7 in Chicago. Other high-volume switch operators attending those meetings and later ones included NETS, Omaha; Maryland Switch, Inc., Baltimore; shared systems who qualify to Boeing Computer Services, Seattle; support a national regional inter Banking Systems, Inc., Dallas; A.O . change system.” Smith Corp., Brown Deer, W is., and The RIGW has identified at least Kranzley & Co., Cherry Hill, N.J. 19 shared systems it believes are Duffy & Duffy, Inc., New York, is currently poised for inter-regional consultant to the RIGW project. interchange and estimates there may RIW G members from the three be 95-100 regional switches which regional switches which have formal could serve as hubs in a national ly adopted the RIGW proposal are AT M /P O S interchange system. Dale A. Dooley, executive director, The three RIGW members partici ITS, Des Moines; Joseph E. pating in the initial interchange experiment hope to be operational by mid-year 1982. The RIGW position paper asserts that cooperation among regionals is essential in developing a national interchange system in that “ the goals and objectives of the two national bank card systems and those of regional networks are clearly different by virtue of their original purposes. The former have been designed around the credit card, while the latter have been designed to address the functional requirements of the broad range of consumer depository banking services. “ In seeking to enlarge the scope of their network function to include debit card needs in an interchange environment, the two bank card systems must perforce mesh their credit card protocol with those of regional nets. These protocol require ments, however, differ. Therefore, it is necessary to evaluate the advantages and disadvantages of any proposals that seek to tie the regionals and nationals together.” RIW G lists these objectives: • Develop basic minimum stan dards for a system of interchange between regional systems nation wide. • Develop a national interchange system which is neutral, assures operational flexibility for members of all regional systems and assures continuing competition between ASK JOHN MANGOLD to m a k e M N B w o rk fo r you. Toll fre e : 1-800-332-5991 Merchants National Bank https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis is i until September 8, he said. * * * Gany Frandson first in Iowa. Anna Belle Sheets Investm ent Services An Affiliate o f Northwest Bancorporation M em ber F D ic members of participating systems. • Develop a national interchange environment which preserves the option of local and regional depositories to market debit cards bearing a logo or card cosmetics of their choice. % • Ensure that all members of participating regional switches have a neutral working forum wherein interchange issues can be addressed and resolved. According to the RIGW , “ inter regional ATM interchange would be limited to withdrawal of cash and cash advances, utilizing proprietary and national debit and credit cards issued by insured depository institu tions that are members of qualified regional switches. In the case of debit cards, only cards which access transaction accounts against which reserve requirements are held would qualify to access ATMs during the Phase I period of established regional interchange linkage.” With reference to the competitive card environment and the potential role of locally-developed networks, R IG W ’s position paper asserts that regional systems are growing in number. “ If their goals and objectives are to be achieved and preserved in balance with the objectives of the large bank credit card systems, it is urgent that steps be initiated now to effect the same degree of control over their destiny as have the large credit card banks over the past decade and a half.” BANCO® Call (515) 245-3131 or toll-free (800) 362-2514 “ Quite succinctly,” the statement says, “ if regionals do not cooperate as a group to endeavor to resolve the issues of interchange and the shaping of a national A T M /P O S system, the two nationwide bank credit card organizations will inexorably create the national system in their own image.” □ Iowa News The Iowa Bankers Association board of directors voted at a special meeting on August 28 to rescind its offer to purchase the Plaza Building from the American Republic Com panies. IB A President Edward L. Tubbs notified IB A member banks of the decision in a special letter last weekend. Although the vote of 200 “ Yes” and 80 “ N o” in the mail ballot was a majority, he noted that “ the opposition was so significant that neither the board nor staff wishes to risk dividing the industry.” Mr. Tubbs had stated at earlier meetings that if any substantial number of banks did not favor the purchase he would be in favor of not proceeding. He noted in his letter to IB A member CEOs that the IBA always has united on substantive issues, even though the consensus was not unanimous. “ Whether or not the IBA owns the office space it occupies is not a substantive policy issue,” he stated. Because the purchase plan was dropped, dues drafts based on a revised dues schedule were delayed Single System Banking With Availability https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Waterloo, Iowa 50704 Member FDIC DES MOINES: Raymond A. Schnei- Bankers Service LOAN ACTIVITY BULLETIN Who: names of all debtors in the county recorded during the period What: name of secured party When: the date the loan was filed with the Secretary of State Where: location where loan made fast sebwce liio n s Availability of funds. . . availability of people. . . responsive to your needs. National Bank o f W aterbo A t their meeting on September 2, the 10-person board of directors of the Iowa Bankers Mortgage Corpora tion, a subsidiary of the Iowa Bankers Association, voted to confirm the action approved earlier by IBMC member banks which assures IBMC of a positive net worth. That action, ratified by the noteholders of IBMC at their meeting on August 24, also assures that IBMC can operate on a full service basis, according to Herman C. Kilpper, chairman of IBMC and president of Bankers Trust Company of Des Moines. The noteholders agreed to a 25% writedown of their investment of $2.9 million in the mortgage corporation after a review of earlier losses. IBMC President Sam Callahan said the August 24 meeting of 126 member banks and the September 2 meeting of directors showed outstanding support from practically all of the banks, so that the IBMC mission of providing secondary market service could be continued. Mr. Callahan said, “ participating banks stated at these meetings there is a greater need today than when IBMC was founded and that it is highly important to keep IBMC viable. This action assures that viability for Iowa banks to remain competitive in the mortgage lending business.” Phone Max Cory at 1-800-772-2411. Carleton D . Ben Company Investment Bankers / Financial Consultants 1300 Des Moines Building / Des Moines, Iowa 50309 515/288-2152 W e own and offer subject to prior sale and change in price the following Pledge Orders: MUNICIPALITY YIELD MATURITY $500,000 BURLINGTON, IOWA Sewer Revenue Pledge Orders Interest: 3-1 and 9-1 10.25% 9-1-82 $400,000 DENISON, IOWA Sewer Revenue Pledge Orders Interest: 6-1 and 12-1 10.25% 9-1-82 $500,000 GLENWOOD, IOWA Sewer Revenue Pledge Orders Interest: 6-1 and 12-1 10.50% 12-1-83 $500,000 KEOKUK, IOWA Water Revenue Pledge Orders Interest: 6-1 and 12-1 10.25% 6-1-82 $200,000 ROLAND, IOWA Electric Revenue Pledge Orders Interest: 6-1 and 12-1 10.25% 12-1-82 $500,000 SANBORN, IOWA Sewer Revenue Pledge Orders Interest: 6-1 and 12-1 10.25% 12-1-82 $500,000 TIPTON, IOWA Electric Revenue Pledge Orders Interest: 6-1 and 12-1 10.25% 6-1-82 $400,000 WAVERLY, IOWA Sewer Revenue Pledge Orders Interest: 6-1 and 12-1 10.25% 6-1-82 $500,000 WEBSTER CITY, IOWA Sewer Revenue Pledge Orders Interest: 6-1 and 12-1 10.25% 6-1-82 AMOUNT IN THE OPINION OF COUNSEL INTEREST ON THESE PLEDGE ORDERS IS EXEMPT FROM ALL PRESENT FEDERAL INCOME TAXATION AND ALL PROPERTY TAXATION IN THE STATE OF IOWA. Pledge Orders are issued in accordance with the provisions of Chapter 384, Code of Iowa, 1981, as amended, to provide funds necessary for the construction of improvements to municipal utilities. In the opinion of counsel, Pledge Orders are subject to the first lien of outstanding debt, if any, and together with such outstanding debt are payable solely and only from the future net revenues of the respective municipal utilities. The information contained herein is not guaranteed, but is derived from sources we deem reliable and is that on which our purchase ot these bonds are based. Bonds of a particular maturity may or may not still be available or may now be available at a price or yield different from that indicated above. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Division of [c=ir~ Hutton & Company Inc. We’re people who can help with ag lending. For ag lending, data processing, overlines, and investment services . . . we’ re the people- who can help. We’re more than western Iowa’s largest bank. We’re people. Illii Ken Roeder Correspondent Bank Officer 712/277-6580 SECURITY NATIONAL BANK IN SIOUX CITY. IOWA. li ' - der has resigned as correspondent bank officer at United Central Bank here to join King Management Co. of Des Moines, where he will head up a new farm management division. Mr. Schneider was at United Central 10 years, the last five in the correspondent division. IOW A CITY: First National Bank has promoted Mary E. Oxford to vice president-personnel and Dallas P. Hogan to vice president and trust officer. Ed Flaherty recently joined the bank as second vice president and agri-business officer. He was pre viously vice president of the Iowa Savings Bank in Coon Rapids. M E M BER F .D .I.C . _ 10Qn c „ XI „ ._ . © 1980 Security National Bank Previously, he was assistant vice president in the correspondent department of Merchants National Bank in Cedar Rapids. Also, Vaughn Hartzell has been appointed chair man o f the board. W H AT CHEER: Dorothy L. Baylor and family have sold controlling interest in First State Bank to Richard L. Cousin and John Muhl of Oskaloosa and Collin W . Fritz of Des Moines. Carl G. Draegert, long-time president and director has resigned those posts. Mr. Cousin has been elected president and will also continue as president and chairman at Iowa Trust & Savings Bank, Oskaloosa, where the three purchas ers are associated. The three new owners have been elected to the First State Bank board. M ARSHALLTOW N: Commercial State Bank has announced the following promotions: Glen Spence to senior vice president and cashier, Robert Baudler to vice president, Minnesota News Ardath Fredrickson to assistant cashier and Norma Sanders to M INNEAPOLIS: Golden Valley manager of the Marshalltown mall Bank has hired Michael J. Kelley as branch. Joseph Forinash has joined senior vice president in charge of lending operations. He was previous the staff as trust officer. ly vice president of ITT Small MECH ANICSVILLE : Mark W . Business Finance Corp. Christen has been named president of the Mechanicsville Trust & Savings M INNEAPOLIS: W . James Arm Bank. Mr. Christen most recently strong, executive vice president and has been vice president-commercial chief financial officer o f the Northern loans at Clinton National Bank. Trust Co., Chicago, has been elected president, chief operating officer and a director o f Northwestern National Estate Appraisals Bank, effective September 8. E. Peter Gillette, Jr., Northwestern’s current president, was simultaneous ly elected board chairman and continues as chief executive officer. Mr. Armstrong joined Northern Trust in 1957. NEW ULM: Don Gollnast will become president and executive officer o f Citizens Bank November 1, succeeding Robert Eichten, who is retiring. Mr. Gollnast has been with the bank 32 years, and has held all officer positions. Mr. Eichten has been president since 1964. NICOLLET: Jack Maiers has been promoted from cashier to executive vice president o f the Nicollet State Bank, succeeding Martin Bode, who has retired. Mr. Maiers joined the bank in January of this year. Mr. Bode had been with the bank more than 35 years. Illinois News CHICAGO: Edward G. Griffiths recently joined Marina Bank and has been elected senior vice president and cashier. He was formerly senior vice president at National Boulevard Bank in Chicago. TOLUCA: James P. Ghiglieri, president of The Citizens National Bank, died o f a heart attack August 30 at the age of 54. Mr. Ghiglieri was president of the Illinois Bankers Association in 1973-74. In addition to his wife, he is survived by two daughters, Kathy Ghiglieri-Roolf, who is a national bank examiner based in Joliet, and Mrs. Carol Winchester o f Toluca, and a son, James P. Ghiglieri, Jr., cashier of The Citizens National. Nebraska News K E A R N E Y : Laurence L. Jepson has been elected president of the First National Bank & Trust Co. Mr. Jepson has been executive vice Purchase o f Collections DOUGLAS SCHMIDT Sale o f Rare Coins Reliable and respected service for over 20 years Your Man on the First Team. Used by bankers throughout the midwest Ben E . Marlenee Coins 913 L ocust D es M oin es, Iowa 50309 515-243-8064 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 712/277-1500 DOUGLAS SCHMIDT Correspondent Banking Officer F irs t N a tio n a l B a n k i i i Sioux City • A ‘BANKS OF IOWA’ BANK P A I 1 A M T U C “ D C D C A D M A M A C T E A M ” where common transactions are handled uncomm only well. 1■min FIRST NATIC )N A L LINCO LN 13th & M Street • Lincoln, Nebraska 6£ 501 • Member, F.CJ.I.C. president since 1980. Also announced was the promotion o f Richard L. Harbaugh to executive vice president from vice president, the position he has held since 1979. South Dakota News MARION: Farmers State Bank has elected Bruce D. Anderson president, succeeding R.J. Hieb, who has retired. Mr. Anderson has been with the bank since 1972, and was previously cashier. SIOUX FALLS: Patricia R. Waring has been promoted to assistant vice president and assistant branch manager at Northwestern Bank’s Colonial branch. Ms. Waring has served the bank for the past 15 years. North Dakota News FARGO: Wayne C. Leiner, executive vice president of Dakota Bank & Trust Co., has been elected to the bank’s board. He joined the staff in 1978 as senior vice president. FARGO: The following promotions have been announced at First National Bank: Elbe Sexton to senior vice president and chief operations officer; Jack Holm to vice president and branch manager, and Gregg Sorensen to assistant vice president and instalment loan department manager. Mr. Sexton began his banking career in 1949. Mr. Holm joined First National in 1973; Mr. Sorensen in 1977. LEEDS: The Farmers State Bank recently held an open house for the public to view its newly-remodeled building, which now includes a large addition which was once a theatre. Thinking about selling your bank? Consult with Homer Jensen or Colorado News Montana System. David R. Madigan has been named executive director of Minibank Switch Network, Inc., a recentlyannounced system of automated teller machines to be shared by United Banks of Colorado, Inc., Columbia Savings and Loan Associa tion and the First National Bank of Denver. The “ switch” is expected to be operational later this year and will allow customers of all three financial institutions to initiate ATM transac tions at 126 locations statewide. Mr. Madigan, 45, is a veteran of the financial services industry. He was most recently engaged in establishing industrial bank charters in Colorado and Nebraska for Postal Financial Corporation of Sioux City, la. GREAT FALLS: James H. Mirehouse has been elected vice president and manager of the agri-business department at First Bank Great Falls. Mr. Mirehouse was previously with the Livestock Production Credit in Boise, Idaho. Montana News GET THE COMPETITIVE EDGE Glacier Chapter o f the Bank Administration Institute will hold its fall meeting Saturday, September 12 at the Holiday Inn in Bozeman, Officers, directors and committee chairpersons will meet Friday evening to conduct routine business. The general session at 9 a.m. will feature Nancy Singer, president, the Premier Bank of Vernon Hills, 111. The meeting will close with an evening symposium and dinner. CASPER: At First Wyoming Bank-Casper, C. Glenn Deming, Steven D. Schafer and G. Robert Jourgensen have been promoted to senior vice presidents. Mr. Deming is in charge o f the lending division, Mr. Schafer is the bank’ s cashier and heads the operations division and Mr. Jourgensen is in charge of the marketing department. CHINOOK: William E. Larsen has been elected president of Blaine Bank of Montana, where he has served as vice president since 1977. The announcement was made by Charles W . Rubie, president of Bank of Wyoming News CASPER: Lloyd M. Fordyce has been elected executive vice president of First Interstate Bank. Mr. Fordyce joined thé bank in 1957, and in 1975 was elected senior vice president and head of the correspon dent banking department. Mark Kinner, who joined the bank over five years ago, was elected vice president. over savings and loan, credit unions, etc. This “ on-premise” system gives you complete inde pendence, competitive flex ibility and control. Get tighter instantaneous reporting in every phase of you r o p e ra tio n . A t the sam e tim e reduce you r operating costs. A program for your every need — and m ore. The best banking system in the industry. Dick Buenneke BANKERS PARTICIPATING Over 50 years’ banking experience as€Plan,lnc. No fee to seller 246 Insurance Exchange Bldg. Des Moines, Io w a 50309 Phone: 515-243-7434 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 545 - 31st Street Des Moines. Iowa 50312 R. L. “DICK” SELLON I i f i * Modern Banking Systems, Inc. 6818 Grover St., Omaha, Nebraska 68106 (402) 392-0151 SERVING PROFESSIONALLY I □ I would like to sell my majority bank stock. □ I would like to buy ma jority bank stock. Banking, Financial & Business Personnel Iowa and Nationwide CAPITAL PERSONNEL SERVICE 714 Central National Bldg. 515-283-2545 _______ Des Moines, Iowa 50309 — WANT ADS — Rates are $5.00 per line per insertion. A d d $3.00 fo r file letters per insertion. Identity o f file letter advertisers ca n n ot b e revealed. Please Contact: J. Mason Henry Charles E. Walters Co., Inc. 1 39 Ginger Woods Road, Valley, Nebraska 68064 Phone:(402)553-6400 L ________________________________ _ POSITIONS W ANTED Installment Loaij Officer with nine yrs. exp. Mgr. of $16 m illion facility for four years...................... $22,000 Iowa State Grad, with basic banking exp. seeks position inG reaterTw inC itiesarea.................$17,000 Second Person in major Wyoming bank wants position leading to CEO in Mountain states . .$30,000 Ag Lender with farm Agency; Univ. of Nebr. grad in ag business; wants position with community bank in Nebraska............................................................$17,500 Write or phone Malcolm Freeland, Freeland Financial Service, Inc., 246 Insurance Exchange Bldg., Des Moines, Iowa 50309. Phone 515/282-6462. Employer pays fee._____________________________________ FOR SALE OR LEASE Twenty (2) NCR 152-70 teller machines. Four (4) NCR 775 single pocket proof machines. Three (3) NCR 775 twelve (12) pocket proof machines. Call 515/250-0794 for more information._____________________(FSorL) Burroughs S-1000 12 pocket proof machine. Purchased new 1978. $5,500.00. Towner County State Bank, Cando, North Dakota. Phone 701-968-4421 .(FS) Mosler31/2” stainless steel vault door-new condition. Mosler modular four position teller counter (oak finish) new condition. Contact Brenton 1st Natl. Bank, Davenport, IA. Phone319-326-4001.______ (FS) Four NCR 400 posting machines, one Pitney Bowes model 1830 folding machine and one Pitney Bowes model T8 collator. Contact: Jim Braafhart, Vermeer Manufacturing Company, P.O. Box 200, Pella, Iowa 50219. Phone(515) 628-3141._________________ (FS) MOBILE BANK - 14’x70’, fully equipped. Suitable for permanent location. Phone 312-837-7528 or 219-925-0215._________________________ (FS) IBM proof machine - model 1260 with eight automatic and four manual pockets. Always under maintenance agreement. Price$750. Phone515/386-3141. (FS) BANKING PLACEMENTS “ Successful Banking is Quality Personnel” Eighteen years banking experience serving as president of rural and metropolitan banks enables me to find the “ right” banking position for you as a banker or the “ right” officer for your bank. DON -ClI lcH O Q LER In AND V ASSOCIATES 901 A. West Jackson* Ozark, Missouri 65721 417/485-6020 COMPLETELY CONFIDENTIAL ____________ “ Employment Service” ___________ ¿d foictsx a n d cz/hs.oatats.1. Bank Consultants Specializing in Bank Acquisitions P.O. Box 450 Donald 515-232-0814 405 Main Ames, Iowa 50010 E. Ho lder, Principal SR LOAN OFFICER - BA in finance, well rounded lending exp. $26,000 BRANCH MGR - 4 yrs hvy exp in installment lending. $20,000 INSTALLMENT LENDER - 2V5> yrs lending exp, some supv. $18,000 TRUST -12 yrs exp, hvy operations. $28,000 AG LENDER - Come in as #3 man. $25,000 INSTALLMENT - 3 yrs banking exp preferred. $17,000 SR COMMC’L LENDER -1 0 yrs exp, exposure to ag. $30,000 TRUST OFFICER - Need Generalist bkgd. Salary nego #2 MAN - Must have hvy ag bkgd. $25,000 COMMC’L LENDER -2 yrs commc’l lending in Ig bank. $26,000 Immediate opening in $11 million bank situated in northeastern part of Nebraska. Loan officer fo r 2nd position. Send resume to File OBB, c /o Northwestern Banker.________________________________ (PA) WE NEED aggresive, high performance BANK PRESIDENTS. Send resume to BSC, Inc., 2121 North Webb Road#200, Grand Island, Nebraska68801. (PA) Opening for a LOAN OFFICER in a $12 m illion north central bank. Duties w ill include all loans and bank reports. Send resume and salary requirements to file OBG, c /o Northwestern Banker.______________ (PA) COLORADO OPPORTUNITY - Seeking strong, widely experienced senior commercial loan officer to join an aggressive bank in Colorado Springs. Salary commensurate with experience. Send resume to file OBH, c /o Northwestern Banker.______________ (PA) OPENING for an aggressive person to manage an insurance department for a northwest Iowa county seat bank agency. Life insurance licenses required. Contact: Russel Spearman, President, Citizens Savings Bank, Sac City, Iowa 50583. Phone 712/662-4755._____________________________ (PA) ALL FEES COMPANY PAID. FOR FURTHER INFORMATION RESPONDIN CONFIDENCETO: Bank Division of Iowa, Inc. 317 6th Ave. Des Moines, IA 50309 (515) 244-4414 ALL FEES COMPANY PAID POSITIONS A V A IL A B LE Commercial Loan Officer for large Texas bank $35,000 Marketing Officers needed by major banks in eastern and central Io w a ....................................... Salary open. FOR SALE EVP -1 2 yrs exp, hvy operations. $30,000 TRUST OFFICER - JD, 5 yrs trust exp. $28,000 P A R T IA L LIST OF A V A IL A B LE POSITIONS N orthw estern Banker 3 0 6 -1 5 th Street Des M oin es, Io w a 50309 P hone 51 5/244-8163 Operations Officer with lending and marketing exp. seeks second man p o s itio n .............................. $27,000 P A R T IA L LIST OF A V A IL A B LE APPLICAN TS Ag Lenders with two or more years experience needed by several Iowa community b a n k s .......... Salary open. Commercial Loan Officer for Central Iowa bank........... ...................................................................Salary open. Ag Lender for South Dakota bank, located on Minnesota b o rd e r................................. Salary $23,000 Data Processing Officer for western Iowa bank Salary .......................................................................... $18,000 Write or phone Malcolm Freeland, c /o Freeland Financial Service, Inc., 246 - Insurance Exchange Bldg., Des Moines, Iowa 515/282-6462. Employer pays fee.__________________________________ __ / Á g Banking Specialists SINCE 1968 When it comes to agriculture, banking and personnel. . . go to the specialists — go to AGRIcareers, Inc. Progressive bankers pay us to find the people they need. Ag Loan O fficer..................IA . $15-20,000 Sales & Mktg. Rep . . . F L /G A . $20-25,000 C E O ................................ KS . $30-35,000 Ag Loan O ffic e r..............MN . $15-20,000 Ag Loan Officer/ Insurance IA . $15-20,000 2 Ag Loan O ffic e rs ........... IA . $16-23,000 Ask the ag banking specialists what’s available without cost or obligation. NEW HAMPTON. IA 50659 MASSENA. IA 50853 ■ (515) 394-3145 1712) 779-3744 NEED one used vault door. Phone Vern Ehlers, 308/532-5570o rw rite B o x 69, North Platte, NE69101. ________________________________________(WTB) ELECTRONIC COIN COUNTER. Security Savings Bank, Scranton, IA 51462. Phone 712/652-3311, John Fey.____________________________________ (WTB) POSITIONS AVAILABLE CORRESPONDENT OFFICER - travel Kansas and Missouri for affiliate of major midwestern holding company. Preferag background. $27,000 INSTALMENT LOAN - head dept, for $30MM Iowa bank. Must like rural communities and have 5 yrs consumer loan experience. $25,000 INSURANCE AGENT - rural Iowa bank with established agency desires fully licensed agent with at least 2 yrs. experience. Some bank duties. $Open SENIOR LENDING OFFICER - independent bank located in western state. Supervise entire lending function and establish policy. $28,000 AGRI-LOAN - large southwestern bank needs senior ag officer to coordinate and review credits of branches. Degree and major bank experience required. $40,000 OPERATIONS - $50MM bank in major resort area. Position requires operational expert with a record of solving problems. $28,000 COMMERCIAL LOAN - suburban bank of $100MM wants to expand staff. Primary duties involve comm’l loans with secondary responsibility for comm’l real estate credits. $30,000 SECOND OFFICER - rural Nebraska bank with majority of portfolio in ag credits. Excellent opportunity to assume number one position. $30,000 All inquiries confidential. Salary history and resume’ requested. TOM HAGAN & ASSOCIATES of Kansas City P.O. Box 12346, 2024 Swift North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry S incel 970” Vol. 10 No. 20 Northwestern Banker Newsletter [USPS 873-300] is published weekly by the Northwestern Banker Company, 306 Fifteenth Street, Des Moines, Iowa 50309. Subscriptions $1.00 per copy, $15.00 per year. Second class postage paid at Des Moines, Iowa Address all mail subscriptions, changes of address [Form 3579], manuscripts, mail items to above address. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis