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Des Moines, Iowa
Vol. 16 No. 21
September 7,1987
surance seminars offered by Iowa
Bankers Insurance and Services,
Inc.: These seminars will cover 1)
Property/Casualty and 2) Life/AcciHE boards of directors of the would be subject to stockholder and dent and Health in separate ses
sions, and each has been approved
Omaha and St. Paul Farm other necessary approvals.”
This decision results from input for 10 hours of continuing education
Credit Districts announced Septem
b e r 1 that management of the two the Omaha and St. Paul banks have credits. Sessions are Oct. 12 at the
organizations has been directed to gathered from stockholders at meet Hilton Inn, Sioux City; Oct. 14 at
the Sheraton Inn, Cedar Rapids, and
prepare a letter of intent to consoli ings held during August.
Oct. 16 at the Adventureland Inn,
“
The
Omaha
and
St.
Paul
dis
date the two Banks for Coopera
tives. The boards further directed tricts have each been aggressively Des Moines. Registration is at 7:15
•management to continue the study seeking ways to cut costs, improve a.m. with the seminars beginning at
of consolidating the districts’ Fed operational efficiency and improve 8:00. Contact Charlotte Kraai, IBIS,
eral Land Banks (FLBs) and Federal service to borrowers,” said Mr. 104 E. Locust, Des Moines, IA
Intermediate Credit Banks (FICBs) Miehe. “ With this proposed consoli 50308; or call (515) 286-4396. The
dation, we are taking the next logi toll-free number in Iowa is 1-800in order to streamline operations.
532-1423, and out-of-state is 1-800• The St. Paul and Omaha Banks cal step.”
The letter of intent and Federal 247-5065.
provide credit and other financial
services to farmers, ranchers and Land Bank and Federal Intermedi
* * *
farmer-owned cooperatives in eight ate Credit Bank study will be re
The Central Iowa Chapter of the
states. The Omaha district consists viewed by the district boards at
□ American Society for Personnel Ad
• o f Iowa, Nebraska, South Dakota their September meetings.
ministration will sponsor its First
and Wyoming. The St. Paul district
Annual State Conference and Expo
consists of Minnesota, North Da
Iowa News
sition September 30-October 2 at
kota, Wisconsin and Michigan.
Citizens Savings Bank, Gilman, the Marriott Hotel in Des Moines.
“ For the past several months, the
•Omaha and St. Paul boards of direc has announced its Golf Day, rained The conference theme is “ Taking
tors have been studying potential out on Aug. 26, has been resche Human Resources to the Top” and
ways to consolidate portions or all of duled for Sept. 9. It will be held at will feature many nationally-known
the Oakland Acres Golf Course, speakers, according to Janet E.
the two districts,” said Howard G.
west
of Grinnell on Highway 6. Burch, vice president-personnel for
Whitmore, chairman of the Omaha
Shotgun start is at noon, cocktail Banks of Iowa, Inc., Des Moines,
•district board of directors.
hour at 5:00, and a prime rib dinner who is the conference chairperson.
“ Preliminary study of consolida
The conference commences at
tion of the two operations identified at 6:00. Cost is $35 or $12.50 for
significant efficiencies and advan cocktails and dinner only. Make re 12:30 p.m. on September 30 and con
tages that would benefit the stock- servations by today, Sept. 7, by call cludes with a luncheon and noted
ing the bank at (515) 498-7714.
speaker on October 2. Included in
• holders,” said E. Charles Miehe,
* * *
the speakers fist are: Dr. Jac Fitzchairman of the St. Paul district
Once again, a reminder of the in enz, president of Saratoga Instituteboard of directors. “ Consolidation
Om aha and S t. Paul Farm Credit
•D istricts Considering a M erger
T
F irsT ier.
Correspondent Services
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Reliable and respected service
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Used by bankers
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Mark Conway
Human Resource Value Analysts, a
software and consulting firm; Dr.
Charlene Bell, a prominent educator,
licensed psychologist, consultant
and speaker from Des Moines; Dr.
Roy Park, president of Applied
Management Associates, Ltd., An
keny, la.; Carole Baumgarten, ex
ecutive director of Des Moines
YWCA; Dan Hunter, an Iowa
singer, songwriter and humorist,
and Madelyn Jennings, vice presi
dent of personnel with Gannett Co.,
Inc., in Arlington, Va. There will be
two panels with leading CEOs and
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All human resources directors are
invited to attend and may contact
Ms. Burch at (515) 245-6320 for re
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■
Estate Appraisals
Call (515) 245-3131 or toll-free (800) 362-2514
NORWEST BANKS
æ
#m
Jerry Trudo
MNB Correspondent Banker
Together We Can
Accomplish
Great Things
Call 319-398-4306
or toll free 1-800-332-5991
HUBBARD: Roger L. Severson and
Ronald K. Raney have been elected
to the board of directors of the
Security State Bank in Hubbard.
Mr. Severson has been with the
bank for three years and is executive
vice president. Mr. Raney, with the
bank four years, is currently vice
president and ag loan officer.
Nebraska News
SIDNEY: Charles R. Leffler, Jr.,
became president and COO of
Security National Bank, effective
September 1. Wayne Hoskinson,
who has been president and COO of
the Harrison branch, continues as
president there and also has been
named senior executive vice presi
dent of Security National. He has
moved to Sidney. Clifford E. Keslar
has joined the Harrison branch as
executive vice president and COO.
He was most recently senior vice
president in First Wyoming BankWheatland in Wyoming. Robert C.
Conrad, vice chairman, has been
placed in charge of all marketing for
Security National. The changes were
announced by Charles R. Leffler,
Sr., who continues as chairman and
CEO of Security National Bank.
WAUNETA: John M. Green will re
sign as president of Wauneta Falls
Bank as soon as a replacement is ar
ranged for him and he will then ac
cept appointment as executive direc
tor of Phi Kappa Tau fraternity at
central headquarters in Oxford,
Ohio. A replacement is being sought
BANKING
Ben E . Marlenee
Coins
913 Locust
Des Moines, Iowa 50309
515-243-8064
for Mr. Green’s position on the Neb
raska Bankers Association Execu
tive Council, representing Group 4. |
Minnesota News
A t its recent convention in Breezy
Point, the Independent Bankers of
Minnesota elected officers for the<
coming year. They are: President—
Edward Zapp, v.p., Zapp National
Bank, St. Cloud; 1st Vice Presi
dent-G ene LaFrance, pres., Elysian State Bank; 2nd Vice Presi- {
dent—Tom Grinnell, pres., State
Bank of Loretto; Past President—
Kermit Mahlum, pres., First Na
tional Bank, St. Peter; Treasurer—
G. Jack Hillstrom, pres., Maple- <
wood State Bank. The IBoM ’s ex
ecutive director, Norbert McCrady,
announced he will be retiring from
that position in March of 1988.
MAZEPPA: The FDIC has ap-(
proved the transfer of insured de
posits and fully secured or preferred
deposits of the People’s State Bank
of Mazeppa to The First State Bank
of Red Wing. The failed bank’s sole *
office reopened on Aug. 22 as a
branch of the assuming bank. When
the bank closed, it had assets of
$16.5 million and deposits of $15.3
million. The FDIC decided to ar
range an insured deposit transfer
because of an inability to determine
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525 Merle Hay Tower
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515-276-1151
Jean Eden
Sandi Garner
515 - 276-1151
515 - 832-1258
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DON:WCHOOLERlF
AND- fO ^A S S O C IA T E S
"Successful Banking is Quality Personnel"
Our firm specializes in officer personnel for midwestern banks. We provide person
nel searches for outstate banks as well as metropolitan banks; independent banks
and holding company banks; and banks of any asset size. Our candidate base in
cludes Presidents, Senior Management Officers, General and Specialized Lenders,
Operations Personnel, Support Personnel, Marketing Personnel, and Trust Officers.
Experience levels range from early career through fully seasoned banker. Can
didates primarily represent the following states: Arkansas, Colorado, Illinois, Iowa,
Kansas, Missouri, Nebraska, Oklahoma and Texas.
ASSOCIATES
potential losses in contingent liabilities of the failed bank.
Mary-Beth Kuester, W BA, Box 232,
Madison, W I 53701.
MINNEAPOLIS: Norwest Corpora
tion has named Stephen W. Hansen
senior vice president and director of
human resources. He had been with
^ the Dayton Hudson Corporation in
Minneapolis as senior vice president
of B. Dalton Bookseller.
APPLETON: Valley Bancorporation has announced plans to reorga
nize over the next 14 months. The
plans call for the creation of regional
banks by combining a number of
separate operating units to form
multi-office consolidated banks. 27
locations will be combined to form
five banks.
Illinois News
South Dakota News
FULTON: Rod Wolforth has joined
the Fulton State Bank as vice presi
dent. His lending background in
cludes employment with Aberdeen
Production Credit A ssociation,
Security State Bank in Madison,
State Bank of Waubay and Farm
Credit Services in Mobridge.
Wyoming News
EVANSTON: The FDIC has ap
proved the transfer of insured de
posits and fully secured or preferred
•
Wisconsin News
deposits of the American National
The Wisconsin Bankers Associa Bank of Evanston to Pioneer Bank
tion is offering a Consumer Finan of Evanston. The failed bank’s sole
cial Information Update Conference office reopened on Aug. 21 as a
^ on Sept. 28 at the Concourse Hotel branch of Pioneer Bank. When
in Madison. Topics include con American National closed, it had
sumer education, interstate bank total assets of $8.5 million and
ing, home equity loans, economic deposits of $8.3 million. The FDIC
development, mergers and acquisi- decided to arrange an insured de
0 tions, financial management, mari posit transfer because no bids were
tal property, and banking techno received for a purchase and assump
logy. For more information, contact tion transaction.
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Main Office - Sixth and Walnut
DES MOINES, IOWA 50304
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A BANKS OF IOWA BANK
Member FDIC
□avid L. Hansen, CCP
HAMILTON
417-882-2265
2272 E. Sunshine
Springfield, MO 65804
• NORTHBROOK: Ernest C. Roessler has been named senior vice pres
ident and chief financial officer of
W.N. Lane Interfinancial. He joins
Lane Banks after serving 24 years
# with Pittsburgh-based Mellon Bank,
N.A., most recently as senior vice
president. Lisa K. Gromer has been
named the corporation’s vice presi
dent and director of marketing. She
# previously served as senior vice
president and marketing group man
ager at Liberty National Bank &
Trust Company in Louisville, Ky.
Specialists in
Bank Recruiting
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Since 1971
i
JAMES F.fflacLEAN
Vice President
É
H. PETER DeROSIER
Vice President
100 Court Ave., Suite 306
Des Moines, Iowa 50309
515/282-0221
Colorado News
DENVER: Charles R. Hazelrigg has
been named chief operating officer
of United Banks of Colorado, in ad
dition to his duties as president of
the company. He will assume re
sponsibility for all banking subsi
diaries other than United Bank of
Denver. In addition, Carroll D.
Speckman has been elected presi
dent, COO and a director of United
Bank of Denver. Mr. Hazelrigg has
been with United Banks since 1958.
Mr. Speckman has been with United
Bank of Denver for 31 years.
3
4
POSITION AVAILABLE
EVP $63MM Bank. Overall Bank functions. 8 + yrs. exp.
Develop, implement, supervise and document policies.
Position leads to CEO. Send resume to File No. WKC c/o
Northwestern Banker.
(PA)
VP of $32mm S. Iowa bank with major responsibilities in
lending. Expertise in ag and comm’l lending. Minimum 5
yrs. exp. Right person could work into management posi
tion. Salary negotiable based on experience. Send resume
to File No. WKJ c/o Northwestern Banker.
(PA)
VICE PRES, for large Iowa bank in very progressive county
seat town. Join mgmt. team, supervise $35mm + loan
dept, requires 4-10 yrs. ag loan exp., strong credit analysis
skills. $30-$40,000 + excellent benefits. Send resume to
File No. WKK c/o Northwestern Banker.
(PA)
CONSUMER LOAN OFFICER/AG—2-3 yrs. consumer finance exp., ag background. Will do cons, lending/light
comm./cash flows. College degree. Western Neb. Write
Adams Bank & Trust, Box 720, Ogallala, NE 69153. Attn.:
Jim Prange.
(PA)
ATTENTION AGENTS:
LET’S GROW TOGETHER!
Do you currently write more than $1 million an
nually of Credit Life and Accident and Health In
surance through financial institutions?
Can you move your million-dollar business to
another insurer?
We’re Balboa Life and Casualty, an A + /rated
carrier writing more than $100 million nationwide,
with a complete line of highly-successful creditrelated coverages.
We’re looking for reputable and financiallystable agents to represent us in Hawaii, Montana,
or Wyoming.
If you qualify, we’re ready to offer you an exclu
sive company relationship in these states.
We can grow and prosper together. Let’s talk
right away. Call or write:
Dave Bridges, Senior Vice President
Balboa Life and Casualty
3349 Michelson Drive
Irvine, CA 92715-1606
(714) 553-0700
(800) 854-6115 outside California
FOR SALE
POSITIONS AVAILABLE
COMMERCIAL MORTGAGE—Opportunity for an aggres- ^
sive, motivated lender with 2-3 yrs. exp. to join a profitable
bank group. ............................................................ To $26,000.
JUNIOR AG LENDER with strong ag credit training and
lending skills needed for progressive $90mm Iowa bank.
.................................................................................. To $23,000
REAL ESTATE LENDER— Illinois bank needs an experienced banker with knowledge of secondary marketing.
0
.................................................................................. To $25,000
TRUST OFFICER— Profitable financial group needs an ex
perienced Employee Benefits Officer to provide leadership
and serve as consultant for their member banks. Requires
a blend of technical and business development skills.
.................................................................................. To $45,000
Financial Careers, Inc.
•
Two Ruan Center/Sulte 1000, Des Moines, IA 50309
515/245-3786
Employer pays fee.
Please contact Lorraine Lear or Malcolm Freeland con
cerning these and other Midwest banking opportunities.
cdioddex a n d c d h io c L a tz i.
NCR 775 SINGLE POCKET PROOF MACHINE. Good sec
ond unit. 308-254-5536, ext. 16. American National Bank,
Sidney, NE.
(FS)
LEFEBURE NOTE CASE, 24”W x 24” deep x 40” high, 5
locking drawers with two removable trays in each with
compressors. $500.00. Page County State Bank, Clarinda,
IA., Kenneth F. Whitmore, (712) 542-5661.
(FS)
LEASE A DATALINE for $19.50 per month. Provides a bank
lobby TV monitor giving stock/commodity prices, interest
rates, Fed Funds, etc. Call Elmer Eggers. (515) 483-2213.
(FS)
POSITION AVAILABLE
Rapidly expanding $30MM Independent Bank seeks
REAL ESTATE/COMMERCIAL LOAN OFFICER. This
individual must have a minimum of 5 to 7 years of ex
perience and be fully knowledgeable in real estate
lending, secondary market, FHA programs, commer
cial lending, SBA progams, loan analysis and collec
tions.
Applicants must be congenial and possess the de
sire and dedication to achieve success. Strong loan
officer experience and business development skills
required. Compensation will be commensurate to ex
perience and education.
Applicants will be taken until October 1,1987. Send
resume to Sharon Berger, Personnel/Executive Secre
tary, P.O. Box 2197, Bismarck, ND 58502.
POSITIONS AVAILABLE
SR. LENDER—Need several years of comm. & ag
lending. Degree preferred. SW Iowa. $40K Range.
CONSUMER LOAN MGR.— Need 5-10 yrs. exp.
West Illinois location, $150 million bank. $30K
Range.
CORP. CHIEF CREDIT OFFICER— Need several
years of extensive comm. & ag exp. - Omaha, ma
jor bank. $40-50K.
All fees are paid by our client employers.
Richard L. Beem, CPC
GUMBERT EXECUTIVE EXCHANGE, INC.
11246 Davenport Street
Omaha, NE 68154
Phone: 402/330-3260
Member National Personnel Associates
We’re Nationwide
S e rv in g b a n k e rs q u ie tly a n d e ffic ie n tly .
Specializing in the
Purchasing and Sale o f Banks
515-232-0814
405 Main
Ames, Iowa 50010
Donald E. Holder, Principal
POSITIONS AVAILABLE
PRESIDENT
Terrific opty! A clean bank with a consistent record of in- ®
creased earnings. With $15mm in assets, this Central MN
holding company bank needs an accomplished manager
with 10+ years com’l lending experience for this #1 spot.
Will deal with customer base ranging from ag to cosmo
politan client base.
To $75K.
Job #NW2210.
SENIOR VICE PRESIDENT
Finding your career at a standstill? Profitable $120mm
bank just 1 % hrs. from the Twin Cities seeks a dynamic
manager with 8 + years mid-market com’l lending exp. and
outstanding mgmt. abilities. Must have strong credit
analysis skills. A great career pathing oppty. with the
chance to be #1 within 2 years. To$70K. Job#NW2213.
CAPITAL PERSONNEL SERVICE
AG LENDER
714 First Interstate Bank Building
Des Moines, Iowa 50309
515-283-2545
Are you tired of being told to “be patient”? Isn’t it time you
took your next career step? Holding co. bank in Eastern
Montana seeks an ag lender with 1 + years exp. Degree
preferred.
To$25K.
Job#NW2214.
£
FOR MORE INFORMATION
CONTACT PAUL GENTZKOW
OR JAN PETERS
POSITIONS AVAILABLE
FOR SALE
VP COMM’L
Reach for the top! Highly visible position managing 7-8
lenders and strong support staff for large successful
bank. Qualifications nesc. are 5 + yrs working w/$15M or
larger portfolio and supervisory exp.
$45K.
RECONDITIONED
BRANDT Coin Sorters-Counters
BRANDT Currency Counters
New Warranty
402-571-5577
TRUST OFFICER
One of the most profitable banks in the state seeks 2 + yr
employee benefits pro who has mktg & client skills. Excel
lent road out of public or into dept, head position.
Mid $30’s.
AG LENDER
Immediate opening for aggressive 2 yr lender w/insurance
lisc., farm call exp and knowledge of FmHA’s. Bank is well
capitalized (10% + ) and very profitable. Rural community
near county seat town, offers shot at presidency.
$22K.
SR V.P.
Unlimited potential! #2 position in $55M bank in communi
ty of 25K. Will oversee all lending, 80% of which is comm’l,
the rest is consumer and real estate. Need 4 + yrs comm’l.
Strong community involvement and sound comm’l train
ing.
$42 K.
FOR FURTHER INFORMATION CONTACT KURT ROSENCRANTS
ROBERT MCBLF
O F IO W A . M C .
317 6th Ave, Ste. 650
Des Moines, IA 50309
(515) 244-4414
ALL FEES COMPANY PAID
IS
ROBERT MHLF
3636 IDS Center
Minneapolis, MN 55402
(612) 339-9001
ALL FEES COMPANY PAID
•
POSITIONS AVAILABLE
AG BANKING
PERSONNEL
•
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Specialists in ag-oriented bankers.
Experts in personnel since 1968.
Serving Iowa and the Midwest.
Professional and confidential.
Employer retained.
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AG BANKING PERSONNEL SPECIALISTS
515-394-5827
New Hampton, IA 50659
712-779-3567
Massena, IA 50853
COMML LOAN - $50MM suburban bank with excellent
growth and earnings history. Handle majority of commer
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$38K
CEO • suburban de novo bank. Experience as CEO or COO
required. Strong commercial loan and business development skills desired.
Open
A
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LOAN REVIEW - large urban bank affiliated with major
midwestern holding company. Degree and 2-3 yrs. loan review/workout experience desired.
$30K
TRUST OFFICER - medium size community bank with
growing trust dept. JD preferred but not mandatory. $27K
£
COMML LOAN - $100MM community bank. Supervise com
mercial lending function. Future advancement possible.
$45 K
Additional positions available in midwestern states
for experienced bankers.
TOM HAGAN & ASSOCIATES
2024 Swift - Box 12346
North Kansas City, MO 64116
816/474-6874
“Serving the Banking Industry Since 1970”
Voi. 16 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
Digitized forSt.,
FRASER
#201, Des Moines, Iowa 50309.
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Federal Reserve Bank of St. Louis
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