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Vol. 14 No. 21 Des Moines, Iowa September 9,1985 On ABA Video Conferences Federal Lawmen W ill Tell Bankers How to Stop Money Laundering ECAUSE of a mushrooming problem with money laundering by racketeers that is threatening banks both large and small nation wide, the American Bankers Asso ciation will conduct one-day video conference seminars on the subject, according to AB A Executive Vice President Donald G. Ogilvie. They will be conducted in joint sponsor ship with law enforcement agencies, regulators and other financial trade associations. Several major banks on both coasts already have been victimized by money laundering schemes car ried out by agents of underworld crime leaders. As a consequence, several of those banks have been fined in varying amounts up to as much as $2.5 million for violating the existing law that requires fi nancial institutions to report all cash transactions of $10,000 or more. The one-day seminar is the first ever to bring together the entire financial industry with law enforce ment agencies in an effort to review existing laws and build awareness of potential money laundering threats to financial institutions. The seminar features presenta tions by bankers on suggested poli B cies and procedures relating to com pliance and techniques for thwart ing money laundering. Examination policies of all federal regulatory agencies will be discussed, including a review o f actual controls for which financial institutions are examined. Video-taped comments from top law enforcement officials and other authorities will be included with live discussions at more than 60 local sites scheduled from September to November. Those seminars most convenient for midwestern and mountain state bankers are listed with this article. Cosponsors are the National Council of Savings Institutions, the Credit Union National Association, the International Association of Chiefs of Police, and twenty-four state bankers associations. The program includes a discus sion of the Bank Secrecy Act, the Right to Financial Privacy Act, the 1984 Comprehensive Crime Control Act, and other laws, regulations and pending legislation affecting money laundering. According to Mr. Ogilvie, “ This seminar will enable financial institu tions to develop effective policies and procedures to prevent money laundering. This is an important contribution to the strength of our industry and supports a top priority set by our government.” Among the 30 authorities making presentations will be FBI Director William Webster, Customs Commis sioner William Von Raab, 1RS Com missioner Roscoe L. Egger, and A ct ing Comptroller H. Joe Selby. A comprehensive workbook will include case histories, money-laun dering prevention techniques, a dis cussion of applicable laws, and sam ple guidelines and administration forms. The program is designed for bank compliance officers, operations managers, auditors, legal counse lors, security officers and law en forcement officers. Continuing edu cation credit may be available. The fee for the first registrant from a financial institution is $150 and $95 for each additional person from the same institution. The fee for police officers is $95. For information on attendance, contact Julyette Berry at ABA at (202) 467-4047. Following are the dates and locations for selected sem inars: Colorado—Denver: Nov. 14, 1985. Clarion Hotel, 3203 Quebec Street. Illinois—Oak Brook: Oct. 4, 1985. Drake Oak Brook Hotel, 2301 York Road. Illinois—Springfield: Oct. 3, 1985. Holiday Inn East, 3100 S. Dirksen Parkway. Call on the “Experienced Professionals” Ready to meet your correspondent needs. ^ First N ational Lincoln A FirsTier Bank Member. F.D.I.C. 13th & M Streets, Lincoln, Nebraska 68501 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Norwest Bank Des Moines, N.A. Call (515) 245-3131 or toll-free (800) 362-2514 NORWEST BANKS Member FDIC Teamwork: one of the reasons we’re first in Iowa. John Rigler Iowa—Des Moines: Oct. 9, 1985. Savery Hotel, 4th and Locust. Kansas—Wichita: Nov. 14, 1985. Airport Hilton, 2098 Airport Road. Minnesota—St. Paul. Oct. 30, 1985. Ramada Inn, 1-94 and White Bear Avenue. Missouri—Kansas City: Sept. 19, 1985. Adam’s Mark Kansas City, 9103 East 39 Street. M issouri—Springfield: Sept. 18, 1985. Ramada Inn, 2431 North Glenstone. Nebraska—Omaha: Oct. 17, 1985. Marriott Hotel, 1022 Regency Cir cle. South Dakota—Pierre: Oct. 29, 1985. Best Western King’s Inn, 220 S. Pierre Street. Wisconsin—Wausau: Nov. 12,1985. Holiday Inn, 201 North 17 Avenue. Wyoming—Casper: Sept. 19, 1985. Holiday Inn, 300 West F Street. Iowa News OTTUMWA: A t Union Bank and Trust Company, Roger E. Rinderknecht has been elected executive vice president and a member of the board of directors. Mr. Rinderknecht joined the bank Sept. 3 after serving with the Brenton Banking System as president and trust offi cer since 1980. He has had 17 years banking experience. CEDAR FALLS: David G. McDer mott has been appointed senior vice president and commercial loan offi cer of Cedar Falls Trust & Savings Bank. He has been vice president and commercial loan officer at First Interstate Bank of Fort Dodge since 1979. DES MOINES: A t First Interstate Bank of Des Moines, N.A., Bill Mullins has been appointed vice president in the Iowa correspondent/corporate services division and Steve Justice has been appointed as Digitized for sistant FRASER vice president in the metro https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis John Cretzmeyer politan commercial services divi sion. Mr. Mullins has served as as sistant vice president in the Iowa correspondent/corporate division since joining the bank in 1984. Mr. Justice has served as commercial loan officer in the metro commercial services division since joining the bank that same year. that area, as well as in the area of business development. Mr. McCar thy was president of First Bank Vir ginia from 1981 to 1984, and of First Bank Cloquet from 1973 to 1981. MINNEAPOLIS: Bank Shares In corporated, the parent company of Marquette Bank Minneapolis, an nounced Aug. 30 that is has ac quired Fidelity Bank and Trust Company of Minneapolis. Terms of the purchase were not disclosed. Fidelity Bank and Trust Company in Northeast Minneapolis will be come an affiliate bank of Bank Shares Incorporated called Fidelity Bank Northeast. Fidelity Bank and Trust has detached facilities located in Eden Prairie and Burnsville. Bank Shares Incorporated was es tablished in 1940 and now includes six banks with 13 offices. Nebraska News MITCHELL: Roy Dinsdale, chair man of the board of the First Na tional Bank in Mitchell, has an nounced that Dave Oakenson has been elected president. He previous ly served as executive vice president of the bank. Pat Hughes, the bank’s former president, has been elected president o f the First National Bank in Wisner, which is also owned by the Dinsdale family. South Dakota News ABERDEEN: Rodney Fouberg, chairman of the board, announced that the board of directors of Dacotah Bank Holding Co., in its Aug. 27 meeting, declared a 3% stock dividend in lieu of its semi- an nual cash dividend. The stock divi dend will be payable in whole shares only, fractional shares to be paid on Sept. 23 to shareholders of record on OMAHA: The Norwest Banks in Sept. 15. Nebraska will be consolidated into one bank, according to John Coch HURON: A t First Federal Bank of ran, regional president. Norwest Huron, current vice president Paul Bank Omaha, N.A., and Norwest Mavity has been promoted to presi Bank Omaha West will be consoli dent and CEO. He was also elected dated, along with the Norwest to the board. Steve Skow resigned banks in Grand Island, Norfolk and as president, CEO and director, to Hastings and will then be called pursue his career in the commercial Norwest Nebraska, N.A. headquar banking field. Mr. Mavity joined the tered in Omaha at the present Nor bank in 1979 from the First Federal west Bank Omaha site. The com Savings and Loan Assoc, of Lafay bined banks will have $1.4 billion ette, Inc., where he had served for 12 years. Paul Eichinger, currently assets and $1.2 billion deposits. cashier, has been promoted to vice OMAHA: Albert Pinho has been president. He will continue to serve elected credit officer in the lending as cashier as well. He joined the division at the American National bank in 1984 from the Roseville Bank of Omaha. He began with the Bank, St. Paul, Minn., where he had bank in April of this year as a man served as controller for three years. agement trainee. He was formerly a financial consultant for A R A Trans MITCHELL: Leslie H. Olson has been elected president and CEO of portation of Boston, Mass. Commercial Trust & Savings Bank, effective September 15. Mr. Olson Minnesota News has been executive vice president at DULUTH: A t First Bank Duluth, Peoples Bank & Trust Co. in Water Frank J. McCarthy has been elected loo, la., since May 1, 1984. Prior to senior vice president. He has been that time he was with Toy National serving as vice president of the re Bank in Sioux City since January, gional division since 1984, and will 1945, and was president for several continue to have responsibilities in years prior to his move to Waterloo. Supplement to Northwestern Banker Newsletter 9-9-85 ■ V C NEWLY elected officers of the IBoM for 1985-86 are pictured left to right. Front row: Exec. Vice Pres.—-Norbert A. McCrady, Minneapolis; First Vice Pres.— Kermit A. Mahlum, pres., First Natl., St. Peters; Immed. Past Pres.—James A. Clark, pres., Lake Crystal Natl. Back row: Second Vice Pres.— Edward J. Zapp, v.p., Zapp Natl., St. Cloud; Treas.— Robert Jacob son, v.p., American Natl. Bk. & Tr., St. Paul, and Pres., J. Stephen Schmidt, pres., Northern Bank, Anoka. Independent Bankers of Minnesota 1985 Annual State Convention By ROBERT O. CRONIN Associate Publisher HE INDEPENDENT Bankers of Minnesota held their annual state convention at Breezy Point Re sort August 22-25. The agenda con sisted of informative business ses sions, and a “ Minnesota Round-Up Party,” which allowed participants to compete for prizes in casino-like surroundings using play money. Recreational activities included men’s and women’s golf tourna ments, a tennis tournament, horse back riding and boating on Pelican Lake. Although the weather was not cooperative, the convention was a success. B.F. “ Chip” Backlund, president of The Independent Bankers Associ ation of America, was the kick-off speaker. Mr. Backlund sited Minne sota as “ the cradle of IB A A ,” as he noted the strong support for inde pendent banking in the state. Mr. Backlund, who wants to “ save the Digitized world for FRASER from Citicorps,” said the com T https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis munity banks are the real class acts. “ Smallness is beautiful and it works,” he concluded. Harvey S. Lederman, former di rector, Heller Institute for Small Business, Chicago, told bankers that the community banker is very important and should “ demonstrate B.F. “Chip” Backlund, pres., IBAA, tells the Independent Bankers "small is beautiful.” to your community that it can serve its customers better than big.” Mr. Lederman went on to say how im portant the local banks are and final ized “ let’s keep our money in our communities.” The major thrust of the IBoM this year has been devoted to federal problems, namely interstate bank ing. The IBoM ’s resolution states “ we remain unalterably opposed to interstate banking, including re gional pacts and national 'triggers’ that would mandate nationwide in terstate banking...large institutions are unable to adequately serve the nation’s consumers, farmers, and small businesses.” A panel discussion was part of the continuing thought on interstate banking. The panel was made up of John A. Brown, president, Indepen dent Community Bankers of North Dakota; David Ballweg, president, Independent Bankers Association of Wisconsin; Neal Peterson, Partner, Peterson, Engberg, Peterson Law Firm, and Tom Huston, Iowa Super intendent of Banking. Mr. Huston said, “ Bankers spend too much time talking about their banks and banking problems in stead of getting involved with their customers and communities - we’re not selling enough.” The panel stressed the importance of keeping your capital close to your communi ty and keeping productivity close to home. Mr. Peterson commented that most of the problems that bankers are faced with today are mostly due to the budget deficit. Highlighting this year’s conven tion was the election of IBoM offi cers. Election ceremonies were held Saturday morning following the morning business session. Elected officers of the IBoM for 1985-86 are: President—J. Stephen Schmidt, president, Northern Bank, Anoka; First Vice President, Kermit A. Mahlum, president, First National Bank, St. Peter; Second Vice Presi dent—Edward J. Zapp, vice presi dent, Zapp National Bank, St. Cloud; Treasurer—Robert Jacobson, vice president, American National Bank & Trust, St. Paul, and Execu tive Vice President—Norbert A. Mc Crady, Independent Bankers of Min nesota. Following a hospitality reception, the annual dinner-dance took place. The Jules Herman Orchestra played for everyone’s enjoyment. □ LEFT— Enjoying themselves at the "Minnesota Round-Up Party" are: Tom Huston, Iowa Supt. of Banking and Alice with Norbert McCrady, exec, v.p., IBoM and Natalie. RIGHT— Panelists Neal Peterson, partner, Peterson, Engberg, Peterson Law Firm; David Ballweg, pres., Ind. Bankers Assoc, of Wise.; Tom Huston, Iowa Supt. of Banking; and John A. Brown, pres., Ind. Comm. Bankers of N.D. LEFT— Representing North Central Life Insurance Co., are: Keith G. Falconer, St. Paul; Greg Taylor, Grand Rapids; and Bill Gaspar, St. Paul. RIGHT— Representing American Data Technology, St. Paul are: Doug Marquart, v.p.; Dick Alrd, v.p.; and Gary Wachala, v.p. How ADT became the largest processor o f independent banks in the area It started 20 years ago. That’s when our parent, Amer ican National Bank o f St. Paul, pioneered data processing services to com m unity banks throughout the 9th Federal Reserve District. A n d A D T h a s n ’t s t o p p e d growing since. B an k ers seem to like o u r approach to data processing. They appreciate the fact that Largest processor o f independent banks in the 9th Federal Reserve District https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis becoming an ADT client requires no heavy up-front investment. And that we always keep them current with new banking technology and regulations. They enjoy reliable reporting and the prompt, personal attention o f their own ADT customer service representative. Each month, they get to tell us what we’re doing right or how we __ ^ I b z C H lN J Q L Q G V can make improvements. And in the end, they know that their total data processing costs with ADT are lower than other DP alternatives. A D T has b e e n s u c c e s s fu l because we help our clients become successful. To see what we can do for you, call Dick Aird at 800/2373762 Extension 112. Or contact one o f our data centers listed below. A D T M inot • Jerry Lee • 701/852-1274 A D T Fargo • D oug M arquart * 701/237/5164 A D T Sioux Falls • R ich M iller • 6 0 5 /3 3 6 -8 70 4 Supplement to Northwestern Banker Newsletter 9-9-85 Some special candidates from Robert Half's Banking Division Partial list o f available Banking candidates. • CHIEF EXECUTIVE OFFICER/EXECUTIVE VICE PRESIDENT: Top-notch executive presently # 2 person in a medium size bank. Over 15 years commercial, ag, real estate, and operations experience within a $40mm+ environment. Degreed, several banking classes and very community active. $45K DB900 • AG LOAN OFFICER: Excellent lending history. Very analytical individual with cash flows and loan restructuring skills. In 6 + years of ag lending has only been involved in one workout situation. Commercial ag exposure as well. DB901 $30K • CASHIER: Operations and cashier type with strong accounting and management experience in rural bank. Supervisory responsibility of 30 + and in charge of call reporting function in a $50mm + institution. DB902 $27K RETAIL BANKING HEAD: Self-starter with exceptional calling ability. Installment and commercial lending to professional ® markets plus loan restructuring and supervisory of 60 + in a $8B + bank. Community active lender with professional attitude and willingness to roll-up sleeves and dive into a job. DB903 $50K • VICE PRESIDENT REAL ESTATE LENDER: Sales oriented go getter with 9 + years of experience in $60mm + institution. In depth real estate background handling commercial line real estate accounts as well as residential. Business and civic leader with accounting degree. DB904 $39K ® TRUST OFFICER/JD: Skilled new business developer with detailed knowledge of personal trusts and estate planning. Proven track record in successful $100mm department seeks #1 spot where hard work and achievements are rewarded. DB905 $40K • FINANCIAL ANALYST: Degreed individual with 12 years experience in large savings and loan seeks financial management opportunity. Strong operating performance analysis and reporting background combined with preparation of other financial reports. A proven professional. DB906 Asks Upper $30’s CASHIER: Operations person with lending experience in ag, consumer and real estate. Supervisory of 5 + and cashier work in rural bank for 7 + years. Runs a tight ship. $23K DB907 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis (CONTINUED) PARTIAL LISTING OF AVAILABLE BANKING CANDIDATES - FINANCIAL AND EDP AG LENDER: Cash flows, workout, FmHA and general ag lending knowledge gained over three years experience in a rural bank. Raised on a farm with a degree Iowa State University and strong analytical skills. DB908 $20K SENIOR COMMERCIAL LENDER: Career driven lender with new business development skills. Excellent image, high degree of success with corporate borrowers. Well trained in strong metro bank in both large commercial and smaller retail credits. DB909 $45K CHIEF EXECUTIVE OFFICER: Profit minded leader with heavy emphasis in the commercial area. Excellent manager with 15+ years in banking the last 3 handling lending and operations in a $15mm bank. Most ag experience gained in larger metro markets. DB910 $48 K COMPUTER OPERATIONS MANAGER: BA degree. Four years operations background in metro bank. IBM shop. Leads all production, data entry, scheduling, distribution, and security. Personable, outgoing and dependable. DS911 Mid-$20’s PROGRAMMER/ANALYST: Over 2 years experience in COBOL and BAL programming. CICS exposure in IBM environment. Heavy banking background with lending applications experience. Meets deadlines! DS912 $20K SENIOR AG OFFICER: Determined, farsighted lender with 6 + years of cash flows, field analysis and loan restructuring in a $20mm bank. Good operations background and work with elevator and feed store borrowers. DS913 $35K CONSUMER LOAN: Go-getter, career minded leader with 2 + years in a strong community bank working $3mm + portfolio of installment with some small business loans. Sharp individual not afraid of rolling up shirtsleeves and attacking work. DB914 $25K TRUST OFFICER/JUNIOR: Self-starter has taken small bank department from the red to the black through hard work and cost effective planning. Lending skills and good operational background gained from rural bank atmosphere. DB915 $35K SENIOR OPERATIONS OFFICER:Executive with proven skills inorganization and management. Has worked “around the clock” restructuringbank operations in both one-bank and multi-bank holding companies while simultaneously handling cashier duties. DB916 $40K FOR FURTHER INFORMATION ON THESE CANDIDATES CONTACT KURT ROSENCRANTS ROBERT HfflLF 317-6TH AVENUE, STE. 650 DES MOINES, IA 50309 Banking, Financial, Accounting and EDP personnel specialists. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis (515) 244-4414 North Dakota News ^ w ^ a ^ 0 • ^ • ^ The North Dakota Bankers Assodation has announced the schedule for its 1985 Group Meetings. Newly appointed State Banking Commis sioner Jane Lundberg will address each meeting. In addition, David L. Schmidt, a nationally recognized business consultant, will present a program on time management. His presentation will include practical time-management techniques for planning and organizing, prioritiz ing, decision making, interruption control, effective delegation and ef fective meetings. For more information, contact the NDBA office in Bismarck. Dates and locations of the meeting are as follows: Northeast: Sept. 16, Artdare Motel, Devils Lake Northwest: Sept. 17, Elks Club, Williston Southwest: Sept. 18, Seven Seas, Mandan Southeast: Sept. 19, Kelly's Restaurant, Wahpeton MILWAUKEE: Daniel J. Gannon has been named president of Marine Corp., taking over responsibility for the day-to-day operations from George R. Slater, who will concen trate on strategic planning as chair man and CEO. In addition, three other Marine officers were pro moted. Ronald C. Baldwin, formerly vice president and manager of the financial service department, was named to succeed Mr. Gannon as senior vice president of finance. Leila Fraser was named senior vice president in charge of marketing. In addition to her previous duties as vice president of marketing, she will be responsible for construction and maintenance of all Marine's build ings. Frederick L. Cullen was pro moted from vice president to senior vice president in charge of person nel. NEILLSVILLE: David R. Kvalsten has been appointed president of the Neillsville Bank. He has 16 years banking experience, most recently at Associated Citizens Bank in Marshfield, where he has been vice president for the past three and a half years. BISMARCK: George E. Nygaard has been elected vice president and commercial loan officer at The First National Bank and Trust Company of Bismarck. He was previously em ployed with First Bank Huron, Illinois News Huron, S.D. He has held other posi ARLINGTON HEIGHTS: A t The tions with First Banks in Montana Bank & Trust Company of Arling and North Dakota. ton Heights, Robert T. Lincoln has WAHPETON: John Blume has been been appointed senior vice presi named president of the Dakota dent, commercial banking. He joined Bank in Wahpeton. He joins the the bank in 1979 and has held the bank from Norwest Bank Fergus positions of commercial loan officer, Falls, where he worked for the last assistant vice president and vice two years. Prior to that, Mr. Blume president of commercial banking. was employed at the Bonanza Valley State Bank in Brooten, Minn. Wyoming News GLENROCK: A t the National Bank of Glenrock, Francis V. “ Fran" Lar The Independent Bankers Asso son has been named president. He ciation of Wisconsin will hold its formerly served as vice president • fourth annual convention Sept. and cashier of the First National 22-24 at the Radisson Hotel in Bank in Hastings, Minn. He has 15 LaCrosse. The convention is open to years banking experience. all Wisconsin community bankers and is specifically geared to their POWELL: Harold R. Hand has re ® needs as independent bankers. Addi signed as president of American Na tional information may be obtained tional Bank in Powell. Patrick C. from the IBAW office at 555 D'Ono- McDermott has been elected to suc ceed him as president and CEO as of frio Drive, Madison, W I 53719. Sept. 1. Mr. Hand will serve as vice chairman of the bank’s board and will serve as an advisor and an assis czdfoCdsx an d <z/hioaLats.± tant to the new president. He has B ank Consultants Specializing in Bank Acquisitions been with the bank for 20 years, and 515-232-0814 was its president since 1980. Mr. P.O. Box 450 405 Main Ames, Iowa 50010 McDermott recently served as exec D o n a l d E . H o l d e r , Principal utive vice president of the Bank of W isconsin News https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Baker, Baker, Mont., as well as a director and vice president of the United Bancorporation. Prior to that, he spent 24 years serving Nor west Bank in Great Falls, Mont. Colorado News DENVER: A t Cherry Creek Na tional Bank, J. Thomas Hand has been promoted to executive vice president and Timothy Webster to senior vice president of the commer cial lending division. Mr. Hand joined the bank in 1980 as vice presi dent in the commercial loan area. He has been senior vice president of the commercial lending division. Mr. Webster joined the bank in 1983 as assistant vice president in the commercial lending area. Prior to that he was in the correspondent bank department of Intrawest of Denver. FINANCIAL PLACEMENTS a division of BANK NEWS Call Larry Vohs 816/421-7941 Job Openings CEO/PRESIDENT— Missouri—$60K EVP. SR. LENDER—Oklahoma—$55K PRES/SEN LENDER—Colo—$50K V.P. RETAIL BANKQ— Iowa—$ Open LOAN REVIEW— Missouri—$ Open CEO/PRESIDENT— Missouri—$45K SVP TRUST OFFICER— Nebr—$45K VP COM’L L O A N S - N ebr-$40K V.P. COM’L—AQ LOANS— Ks—$40K VP SR. LENDER—Oklahoma—$40K CEO/PRESIDENT— Kansas—$40K CEO/PRESIDENT—Wyoming—$40K TRUST/FPLN/MKTQ— Kansas—$40K BOND TRADER— Nebraska—$39K PERSONAL TRUST— Iowa—$36K VP COM’L LOANS— Kansas—$36K VP COM’L/AG LOANS— Ks—$36K COM’L CLIENT REP— Iowa—$35K AVP OPERATIONS— Kansas—$35K AVP COM’L/CONS— Okla—$30K AVP AQ LOANS— Kansas—$30K MTQ/CONS DEPT HEAD— Ks—$30K CASHIER/OPER— Kansas—$27K COM’L LOAN OFFICER— Nebr—$26K AVP COM’L LOANS— K ansas-$25K AQRI LOAN O FFIC E R -C olo—$24K OTHER POSITIONS AVAILABLE PLEASE INQUIRE If you are Interested in a career move, mall your resume In strict confi dence to FINANCIAL PLACEMENTS, P.O. Box 13786, K.C., Mo. 64199, or call 816-421-7941. 3 / — ^ ' KREJCI & ASSOCIATES • • • • • • • Ag Banking Specialists Let us help with your career advancement or staffing needs. Call in confidence, without obligation. Employ ers pay our reasonable fee to hire the best. Collections/Loan Workouts Collateral Liquidations Loan Policy & Procedure Documentation/Compliance Bank Operations Pricing Bank Services Personnel Management Financial Careers CEO for $80 million Independent bank In midwest. Excel lent opportunity for person with good track record............ ......................................................................... Salary $85,000. SENIOR AG OFFICER for major midwest correspondent bank. Must have ag loan experience In larger b a n k............ ..................................................................... Salary to $42,000. TRUST OFFICER for $50 million bank In eastern Iowa. Must have law degree and two or more years experience . ..................................................................... Salary to $30,000. COMMERCIAL LENDER with three or more years experi ence for $75 million bank In midwest city of 100,000.......... ..................................................................... Salary to $35,000. AQ LENDER for $40 million bank in western Iowa. Position leads to number two person In b a n k ___ Salary to $35,000. Available on an interim basis. More than 19 years experience. References available on request. Linda 515/394-5827 New Hampton, la. 50659 KREJCI AND ASSOCIATES Financial/Management Services 12605 Southdale Drive Omaha, Nebraska 68137 (402) 895-6027 J aqri careers, in c . -J A 3 BANKING PERSONNEL SPECIALISTS WANT ADS— Rates are $5.00 per line per insertion. Add $3.00 for file letters per insertion. Identity of file letter adve rtise rs cannot be revealed. NORTHWESTERN BANKER, 1535 Linden Suite 201, Des Moines, Iowa 50309. _____________________________ Phone 515-244-8163. VICE PRESIDENT Excellent opportunity for experienced banker with talent and desire to take on community Involve ment role and participation In marketing activi ties. Loans and operations experience desired. Our client Is the lead bank In a progressive Iowa community and Is In a very solid financial posi tion. A stimulating challenge and attractive com pensation package will be provided. For confiden tial consideration send resume, with salary his tory to T.W. Textor. No fees, we are retained by management. Jean 515/263-9598 (W/F) 712/779-3567 (M/T/TH) Massena, Iowa 50853 WANT TO BCIY BURROUGHS PRINTER AP310 COMPATIBLE WITH TD830 CRT. Contact: John W. Hopkins, Albert City Savings Bank, Box 128, Albert City, IA 50510. (712) 843-2211. (WTB) AG LENDER for $45 million bank In northern Missouri. Pre fer two or more years experience plus college degree ___ ......................................................................Salary to $30,000. CASHIER for southern Wisconsin community bank . . . . . . ......................................................................Salary to $35,000. COMMERCIAL LENDERS for Illinois banks located In North & Central a re a s ..............................Salary to $35,000. FARM MANAGER for $160 million Illinois b ank................... ............................................................................. Salary open. AG LENDER for major Central Illinois b a n k ......................... ......................................................................Salary to $35,000. Please call Malcolm Freeland or Cy Kirk In care of: Freeland Financial Service 1010 Equitable Bldg. Des Moines, IA 50309 515/282-6462 Employer pays fee. BANKING OPPORTUNITIES PRESIDENT—S.W. Wl $40mm ag bank. FOR SALE CREDIT ADMINISTRATOR—Commercial loan work out leading to Credit Mgmt position, $500mm MW bank. $48K. Contact Barbara J. Rltta. Personnel, Incorporated 2626 Ruan Center Des Moines, IA 60606 WANTED—A bank that needa: NCR 7750-2501 12 Pocket, NCR 7750-2201 12 Pocket, NCR 279-100 Teller, NCR 8251 Mini. Computer, NCR 9020 Mini. Computer and NCR 6420-2401 Printer. Call Bill or Bob at 308/384-5995, B.E.E. _______________________________________________ (FS) POSITION AVAILABLE BURROUGHS S566 SINGLE POCKET PROOF MACHINE. $1,000 or best offer. Contact Mike Mattson at First State Bank, Fremont, Nebraska. Phone 402/721-2500.______ (FS) AQ LOAN OFFICER—with strong ag lending skills to work In 7 million + bank. Send resumes and salary require ments to Arnold E. Domke, Pres., Bank of Wesslngton, PO Box 165, Wessington, SD 57361. (PA) NCR 776 16 POCKET, NCR 8271 COMPUTER, NCR 6420 PRINTER, NCR 670 CHECK SORTER, NCR 7121 MODEM, NCR CRT 796, NCR CRT C-7901. Call Randy or Ralph (712) 434-2289________________________________________(FS) V.P. AQ LOANS - $35M bank E. Nebr. 2-3 years ag loan experience, some work-out. Must have man agement potential. Will lead to CEO. 325-35K. TRUST DEPT HEAD—$60 million Boone, Iowa, bank has opening for Dept. Head for growing $4 million trust dept. Business development and administrative skills a must. Minimum 2-3 years trust experience or law degree. $24-32K. Send resume to Bob Scott, President, Boone State Bank & Trust Co., Boone, Iowa.__________________________ (PA) KODAK RELIANT 660 MICROFILMER with endorser. Pur chased 12/82. Excellent condition. Call (402) 455-4337. (FS) AG LENDER - N .E Nebraska bank. 1-3 years ex perience bank or PCA. To $28K. CASHIER—$21 Million S.W. Minnesota Bank with one detached facility. Seeking an Individual to manage the en tire operation. Contact: James Q. Sneer, Farmers State Bank, Mountain Lake, MN 56159. (507) 427-2422. (PA) Estate Appraisals PROFESSIONAL RECRUITERS, INC. P.O. Box 24227 Omaha, NE 68124 1-800-226-2865, In NE (402) 397-2885 POSITIONS AVAILABLE SR. OPERATIONS OFFICER - all operations & cashier duties. E. Central Iowa. $90mm bank. To $45K. Serving bankers quietly and efficiently. CAPITAL PERSONNEL SERVICE 714 First Interstate Bank Building Des Moines, Iowa 50309 515-283-2545 Richard L Seem, CPC GUMBERT EXECUTIVE EXCHANGE, INC. 11246 Davenport Street Omaha, NE 68154 Phone: 402/330-3260 Member National Personnel Associates We’re Nationwide POSITIONS AVAILABLE Purchase of Collections B A N K IN G S P E C IA L IS T S LENDING • TRUST • OPERATIONS Sale o f Rare Coins Serving the Entire Upper Midwest Reliable and respected service for over 20 years Used by bankers throughout the midwest Ben E. Marlenee Coins 913 Locust Des M oines, Iowa 50309 515-243-8064 Diane Evans 816/842-3860 R For Prompt, Courteous, Professional Attention T o Y o u r S t a ffin g Needs, Call On Us. ______________________ e g e n c y RECRUITERS, INC. 1102 Grand Avenue, Kansas City, MO 64106 COMM’L LOAN - $100MM suburban bank with aggressive new ownership. Prefer five to seven yrs. experience In sim ilar size bank. $40K COMM’L LOAN/BIZ DEV • $80MM suburban bank affiliated with major holding company. Emphasis on new business development but need solid credit background. $35K SENIOR LENDER - $150MM suburban bank with large comm’l and real estate portfolio. Second position In bank with opportunity to advance. $Open REAL ESTATE LOAN • Junior position in large suburban bank. Will assume some duties In construction and comm’l real estate depts. plus handle residential loans. $23K AGRI-LOAN - $25MM community bank with 50% of loans In agri-credits. Prefer background in cattle financing. $30K Additional positions available for experienced bankers. TOM HAGAN & ASSOCIATES 2024 Swift - Box 12346 North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry Since 1970” _______ Vol. 14 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, $18.00 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
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