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December 9, 1989 • The Journal of Banking and Finance Since 1894 • Voi 174, No. 49 NBD Opens Office IN THIS ISSUE ■■■ Gazelles inNebraska . . .page 4 S.D. Law................ . .page 4 Detroit gets EFT .... . .page 4 GrandRapids deal.... . .page 4 Personnel items...... . .page 5 RESEARCHLIBRARY DEC 13 1989 NBD, Grand Rapids, Mich., recently opened an office in Wyoming, Mich. The full-service office (1825 44th St. at Burlingame) is open Monday through Saturday and features a drive-up window and 24-hour ATM. The 3,400-square-foot branch is NBD’s 39th in the Grand Rapids area and employs eight people. Tammy Schierbeek, branch manager, is responsible for personal loans, deposits and new business. “ We are looking forward to providing ‘high touch’ service to our current customers as well as new customers in the fast-growing Burlingame and 44th St. area,” she said. federal reserve bank 00004059 022Ö 90 OF MINNEAPOLIS Bank, Patrol Team For Kids ;*p ;_ First Bank in Billings and the Montana Highway Patrol are joining to bring a se lect group of special education children their merriest Christmas yet. The organizations have raised a re <1 ! •: https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis cord total of nearly $ 1 ,8 0 0 to buy Christmas toys, clothing and food for developmentally disabled preschoolers from underprivileged families. C o rre s p o n d e n t B a n k in g S e rv ic e s I« Consider our bankwide correspondent services to satisfy your customers' needs. " • « « f • I le r r y M a rtin MNB Correspondent Banker T o g e th e r we can a c c o m p lis h g reat th ing s. Call us at 319-368-4700 or 1-800-332-5991. Merchants National Bank m C e d a r R a p id s, Io w a 52401 M ember F D I C A BANKS OF IOWA BANK P A R TIA L LIS T O F A V A IL A B L E B A N K IN G P O S IT IO N S COMMERCIAL LOAN OFFICER AVP-TAX SPECIALIST Midwestern bank needs a 2-3 year commercial lender/business developer. Needs good documentation and interpersonal skills. Will work directly with EVP handling a $1 Omil portfolio. Great exposure. Opportunity at a $7 billion bank for a 3-5 year, degreed individual. Experience in fiduciary taxes; strong communication and leadership skills are necessary. Great benefits and relocation paid. J01200 J01205 $35,000 $35,000 VP PERSONAL TRUST JUNIOR LOAN OFFICER Major trust organization needs an astute, personal trust business developer. 5 years minimum experience. Position is open due to an expanding marketplace. Pension knowledge and JDare beneficial. Relocation paid. Aggressive, business developer needed for a downstate commercial loan officer position, with exposure to Ag lending. Credit analysis skills and documentation experience are mandatory. 1-2 years experience will qualify. J01201 J01206 UP TO $60,000 BASE $23,000 COMMERCIAL REAL ESTATE LENDER CHIEF FINANCIAL OFFICER Aggressive suburban bank part of a major holding company seeks a 2 year com mercial real estate lender. Formal credit training nice, but hands on account expe rience is more beneficial. Great chance to prosper in an exciting market. Upper midwest opportunity for successful candidate with 10+ years experience as a CFO for a $100 million + asset sized bank. Accounting, investment, acquisi tion and some DP skills needed. CPA and MBA would be nice. J01202 J01207 $33,000 TO $65,000 TRUST OPERATIONS OFFICER AVP-AG LENDING OFFICER Outstanding opportunity for a degreed operations officer with a strong accounting background. Need experience in automated trust system. Individual will be re sponsible for new $200 million employee benefit account. Advancement opportu nities are excellent. Strong community bank is searching for agricultural lender with 3 + years experi ence. Must have good public appearance with strong business development skills. Possible promotion to head of all lending after one year for the riqht deqreed Individual. J01203 J01208 $40,000 + BONUS $30,000 AVP-COMMERCIAL LOAN OFFICER CREDIT ANALYST Major suburban bank Is searching for commercial loan officer with 4 + years of middle market commercial lending experience. Would like big bank credit training background. Must have proven business development skills. Excellent chance for rapid advancement. Money center bank needs credit analyst to assist calling officers initially. MBA is a must. Proficiency in Lotus and ability to analyze Fortune 1000 companies Is bene ficial. J01204 $42,000 J01209 $40,000 iA NKERSEE) B►ANKERSfp P A R TIA L L IS T O F A V A IL A B L E B A N K IN G C A N D ID A T E S VP-AG LENDER SENIOR TRUST OFFICER Do you want one of the best? This individual has a solid background In all areas of Ag lending. Has the ability to handle work-outs and develop new business. Excel lent number two man in rural bank with supervisory experience. Business development natural has law degree and extensive managerial back ground. This candidate is seeking a top level trust position. Willing to relocate. CA1200 CA1205 $60,000 $38,500 BANK AUDITOR EMPLOYEE BENEFITS OFFICER Outstanding employee benefits trust candidate with experience in accounting, administration and to a lesser extent Investments. Excels in business develop ment, handles 80 accounts and is hungry for more. CA1201 Certified Internal Auditor with audit experience in investments, commercial and consumer lending, pension reporting and branch operations. Responsible for over $360K of cost recoveries. Make your bank more efficient with this candidate. CA1206 $34,000 $31,000 COMMERCIAL LOAN OFFICER CHIEF EXECUTIVE OFFICE All purpose CEO, has excelled in turnaround situations as well as with profitable institutions. Seeks upper midwest opportunity. Has over 20 years of outstanding achievements in all lending, investment and operations areas. High energy person that thrives on hard work. Extensive experience in middle market commercial lending with some real estate background. Has some supervi sory experience. Strong credit skills. Increased fee Income over 67% last year. MBA. CA1202 CA1207 $70,000 $49,500 AVP COMMERCIAL LENDER LOAN REVIEW Top notch academic credentials will follow this aggressive, business developer. Successfully covering the Fortune 500, this candidate is ready for the opportunity to blossom. Currently at a major domestic bank with some international experi ence. Experienced 10+ year credit professional who has significant background in business cycles. Currently reviews all types of commercial loans, Including real estate. Former federal examiner with strong written and verbal skills. CA1203 CA1208 $46,000 $44,000 CASH MANAGEMENT OFFICER VP-EVP Small bank executive with 20 years experience has mastered all facets of a financial institution. Due to absentee ownership, virtually ran the bank. Seeks an upper management position with a $100 million bank or smaller in the midwest. Very smooth in dealinq with people. CA1204 This CPA has successful experience in both bank and corporate cash manage ment. Also, has investment portfolio management and treasury experience. A true professional with top notch image. CA1209 $38,000 II H> ><> OF CHICAGO, INC. > 3 3 4 0 D U N D E E R D ., S U IT E 2 S -3 ren N O R TH B R O O K , IL 6 0 0 6 2 ® 1-312-480-1556 WORLD’S LARGEST BANKING, ACCOUNTING, AND EDP PLACEMENT SPECIALISTS https://fraser.stlouisfed.org © R O BE R T HALF INTERNATIONAL IN C . Federal Reserve Bank of St. Louis $50,000 Is Your Bank Having Problems With M.O.B. Insurance Coverage? https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis N orth Central Life’s Unique Is The Answer Call Today! "A m e rica 's N u m ber O ne C redit Insurance Service O rganization" P ro te c tio n a ll w a y s North Central Life Insurance Company NORTH CENTRAL LIFE TOWER, 445 MINNESOTA STREET, BOX 64139, ST. PAUL, MN 55164 1-800-8888-NCL A sk for Vice-President, Sales NBD Adds Electronic Funds Transfer Services National Bank of Detroit now offers a program of electronic clearing services to financial institutions. Routing payments through NBD al lows participating financial institutions and their corporate customers to re ceive electronic payments and remit- tance detail in most formats from any source including the automated clearing house and specialized corporate pay ment networks. Banks participating may offer corpo rate customers state-of-the art elec tronic funds transfer and electronic data First Of America Buys PrimeBank First of America Bank Corp., Kalama zoo, acquired Prim eBank of Grand Rapids as a subsidiary. The agreement, which was approved by the board of di rectors of each company, is subject to approval by shareholders of PrimeBank and by regulators. First of America agreed to pay $30 cash for each of PrimeBank’s outstand ing shares. PrimeBank has more than 1 million shares outstanding. PrimeBank, a federal savings bank, has assets of $413 million. The bank has 13 Michigan offices serving Grand Rapids, Holland, Rockford, Belding, Jenison, Wyoming and Grandville. First of American Bank Corp., which has $12.5 billion in assets, has 45 affili ate banks with 420 offices in Michigan, Illinois and Indiana. Norwest, Neb., Donates To Zoo Norwest Bank Nebraska gave Oma ha’s Henry Doorly Zoo $5,000 to buy two female dama gazelles. The donation was made at a ribbon-cutting ceremony as part of the bank’s grand re-opening activities at its remodeled downtown fa cility. interchange receipt and information ser vices on the same day as settlement. NBD’s in-house treasury cash manage ment information system (CASHNET) enables banks to deliver remittance de tail to their corporate customers in usa ble formats. Norwest, S.D., Funds Law School Students Norwest Bank South Dakota will pro vide up to $675 million in the next sev eral years to help finance law school for students across the country. The com mitment is in addition to more than $500 million N orw est has loaned to law school students over the past three years. The new commitment is through Norwest’s program called LAWLOANS. Norwest has the principal role of orig inating LAWLOANS nationwide. It also contracts with HEMAR Service Corp. All stu d en t loans origin ated by Norwest anywhere in the country are processed by its Student Loan Center in Sioux Falls, S.D. Norwest has balances outstanding for all types of student loans totaling more than $360 million. Year E n d Sp ecia l SHARP Z L -6 5 0 0 $1495 Offer includes installment, commercial, real estate and operations software. Offer ends 12-31-89. SOFTWARE MARKETING ASSOCIATES 8 0 0 -3 4 3 -4 1 6 4 NORTH W ESTERN FINANCIAL REVIEW (ISSN 1042-1254) is published 51 times per year on consecutive Saturdays commencing the first Saturday in January and ending the third Saturday in December (24 issues of a magazine published twice a month, and 27 issues of a newsletter published all other Saturdays) by Financial Communications Inc., 2850 Metro Drive, Suite 704, Bloomington, MN 55425. Telephone (612) 854-2177. Circulation audited by Audit Bureau of Circulation. Second class postage paid at Minneapolis, Minnesota 55401, and additional mailing office. Postmaster: Send address changes to Northwestern Financial Review, 2850 Metro Drive, Suite 704, Bloomington, MN 55425. Subscription Rates: United States, 1 yr. $57.00; Canada, 1 yr. $62.00; Foreign, 1 yr. $67.00, single copies $3.00. Absolutely no refunds for early subscription cancellation. NORTH W ESTERN FINANCIAL REVIEW does not assume responsibility for the writings or statements of others not directly connected with this publication. Reprints available from Financial Communications Inc., 2850 Metro Drive, Suite 704, Bloomington, MN 55425; (612) 854-2177, fax 612-854-2627. Digitized for 4 FRASER NORTHWESTERN FINANCIAL REVIEW https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Colorado The Colorado Bankers Association hired Dick Schrader as marketing repre sentative for Mountain Banks Insurance Services and Chris Johnson as CBA/MBIS business manager and treasurer. Schrader has more than 30 years of general insurance experience in all areas of property and casualty and em ployee benefits. He is a graduate of Michigan State University. Johnson came to the CBA from a Col orado community bank where he was vice president/cashier, responsible for the bank’s operations, personnel admin istration, investment, and cash manage ment and data processing. He also was in charge of general ledger analysis and converted the entire bank to a new data processing system. He has a bachelor’s degree in ac counting and is a CPA. United Bank of Denver promoted six employees. Deborah A. Baker, Thomas E. Bowman Jr., Debbie A. Frame and Jim Mexdorf were named assistant vice presidents. Joanne Klein and Robert K. Meine were promoted to asset management officers. Baker currently works in funds management/investment banking. She has a degree from Regis College and joined the bank this year. Bowman, sales manager of the conve nience banking market in consumer banking, joined the bank in 1980. He has a degree from Regis College. Frame, previously with United Bank of Skyline, joined United this year. She is a commercial lender in the small busi ness banking department of consumer banking and has a bachelor’s degree from the University of Colorado at Boul der. Mexdorf, a sales manager in con https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis sumer banking, has a degree from the University of Iowa. He joined the bank in 1983. Klein, a trust tax manager in United Asset Management Services, joined the bank this year. She has a bachelor’s de gree from Mercyhurst College. Meine is an operations manager in United Asset Management Services. He has an associate degree from the University of Maryland and joined the bank in 1988. OmniBancorp appointed James Marsico executive vice president of OmniBank Arvada. M arisco has more than 20 years’ commercial banking experience, including 18 years in the Arvada com munity. He was most recently affiliated with the First National Bank of Arvada. Bankers Trust Co., Des Moines, pro moted Anne Fultz to assistant vice presi dent and loan review manager from loan review manager in credit administration . Sarah Norman was promoted to vice president from assistant vice president in com m ercial banking. Roy P atton climbed to assistant vice president in in vestments from being investments offi cer. James Greenfield was promoted to as sistant vice president and controller from assistant vice president in cost ac counting finance. Vicki L. Angove was appointed assistant trust officer at Waterloo Savings Bank. Angove has a bachelor’s degree from the University of Northern Iowa. She has more than 10 years of experience in accounting with the CPA firm of McGladrey & Pullen in Waterloo, most re cently as manager of accounting ser vices. David B. Bryant was named assistant vice president of Iowa correspondent and corporate sendees at First Inter state Bank of Des Moines. He had been a commercial banking officer. Mark C. Hewitt was named assistant vice president of commercial lending for Valley National Bank, Des Moines. He had been a commercial banking officer and financial analyst with The Northern Trust Co. in Chicago. Stuart J. Becker was promoted to as sistant vice president of metropolitan commercial services of First Interstate Bank of Des Moines. He had been a commercial banking officer in its metro politan division. Comerica Bank-Ann Arbor appointed Sandra S. Taggie assistant vice president and trust officer and Joan C. Schram trust administrative assistant. Taggies’s responsibilities include per sonal trust administration, estate plan ning and new business development. A graduate of Northwestern University’s National Graduate School, Taggie has more than 20 years of trust experience in the Ann Arbor area. Schram’s responsibilities include as sisting with customer communications, trust account management and office supervision. She has 17 years of experi ence in the trust and insurance industry. Old Kent Bank and Trust Co., Grand Rapids, appointed Kelly Fox-Johnson trust officer in trust employee benefits. Fox-Johnson joined Old Kent’s branch First Interstate Bank Wego the extra mile for you 1 800 362-1615 - R an d y S teig Correspondent Services - R alph W eickel Investment Services DECEMBER 9, 1989 5 management training program in 1985. She was appointed assistant manager of the Clyde Park-44th office in 1986 and transferred to the credit department as an assistant credit analyst in 1987. She has been credit analyst since 1987. Fox-Johnson has a bachelor’s degree from Western Michigan University. The tailor-made portfolio. The right correspondent bank to manage your portfolio will see to it that your investment strategies are tailor-made for you. Finding that bank requires that you ask the right questions and get the right information. United Missouri is The Information Bank. Any questions? lb UN ITED MISSOURI BANK P.O.Box 419226 Kansas City. Missouri 64141-6226 816 556-7200 P.O.Box 1126 St Louis. Missouri 61188 114 621-1000 Ronald DiCicco was named first vice president of Manufacturers National Bank of Detroit. DiCicco heads the community banking-west division. DiCicco joined Manufacturers in 1972 in the branch department. He was pro moted to branch officer in 1979 and was named national account officer in 1982. He was promoted to second vice presi dent in 1983 and was later reassigned to retail marketing services. He became vice president in 1985 and transferred to community banking later that year. He was promoted to vice president and senior community banking officer in 1987. DiCicco has a bachelor’s degree and a master’s degree from Central Michigan University and is a graduate of the Uni versity of Wisconsin’s Graduate School of Banking. ■ ■■ Old Kent Bank and Trust Co., Grand Rapids, appointed G. John Hagenbush to human resources officer. Hagenbush joined Old Kent’s branch management training program in 1986 and was appointed assistant manager of the East Grand Rapids office later that year. He was appointed branch officer and manager of the Breton-44th and Eastern-52nd offices in 1987 and has been serving as manager of the Hudsonville office since 1988. In his new position, Hagenbush is in volved in college relations, employment and employee relations. He has a bachelor’s degree from Cen tral Michigan University. Old Kent also assigned Lance B. Erick s o n , assistant vice president, to the credit department. Erickson joined Old K ent in the branch management training program in 1982, and was appointed assistant man ager at the North Plainfield office in 1983. He was named consumer loan new business development representa tive in 1984 and consumer loan officer in 1985. He was appointed assistant vice president responsible for installment loans and branch administration at Old Kent Bank of Big Rapids in 1986. He has been in human resources since 1988. Erickson has a bachelor’s degree from Hillsdale College. Susan L. Proctor-Lake, branch officer, was appointed manager of the Forest Hills and Ada offices. P ro ctor-L ak e joined Old K e n t’s branch management training program in 1984 and was appointed assistant man ager of the Hudsonville office later that year. She was named assistant manager of the Michigan-Fuller office in 1985 and assistant manager of the Wyoming office in 1986. She has been branch officer and manager of the Bridge and West Fulton offices since 1987. Proctor-Lake attended Grand Rapids Junior College and has a bachelor’s de gree from Calvin College. Edward D. Berry was appointed corpo rate banking officer in the small busi ness division. Berry joined Old Kent as a credit ana lyst in 1987 and has been a corporate banking representative in the small business division since February. He previously was a licensed life under writer and registered representative for the Massachusetts Mutual Life Insur ance Co. Berry has a bachelor’s degree from Michigan State University and a mas ter’s degree in business administration from the University of South Carolina. Joe Bailey was named income tax offi cer in trust tax. Bailey joined Old Kent from Michigan National Bank’s trust tax department, where he had worked since 1984, most recently as tax specialist. Bailey has a bachelor’s degree from Aquinas College and attends graduate school in taxation at Grand Valley State University. For Ag Overlines, Call On The Best Lincoln In NE: 800-742-7462 Outside NE: 800-228-9175 Omaha In NE: 800-642-9305 6 NORTHWESTERN FINANCIAL REVIEW https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Lincoln - Omaha FirsTier Bank, N.A.. Lincoln and FirsTier Bank, N.A., Omaha, Members FDIC Dennis C. Jacobs joined NBD Genessee Bank, Flint, as an assistant vice presi dent and commercial loan officer. Jacobs began his career with NBD in 1979 as a receiving clerk in check proc essing at National Bank of Detroit. Since then he has held a number of dif ferent positions in the bank, including credit officer and loan review analyst in credit administration. In 1988, he was elected assistant vice president and assistant manager of loan review for National Bank of Detroit. years, most recently as an assistant vice president in the treasury area. In his newly-created position, he special izes in researching and reporting on var ious types of fixed-income investments for Piper Jaffray’s 750 brokers and their institutional and retail clients. Kuplic has a master’s degree in busi ness administration-finance from Indi ana University and a bachelor’s degree in finance and marketing from Mankato State University. Brian G. McVeigh was promoted to con Darlene Mondor joined the State Bank of troller at First of America Bank-Ann Ar bor. McVeigh is responsible for financial reporting, funds and investment man agement, and profit planning. He joined the bank in 1986 as a profit planning coordinator. He was promoted to accounting officer in January. McVeigh is a Michigan State Univer sity graduate and a member of the De troit chapter of the Bank Administration Institute. Young America as marketing officer. Mondor was previously internal auditor for First National Bank of Chaska, Vic toria State Bank and State Bank of Young America, all owned by Klein Ban corp of Chaska. Previously, Mondor worked for the State Bank of Young America in various capacities for eight years. David M. Kuplic joined the Minneapolisbased investment firm Piper, Jaffray & Hopwood Inc. as a vice president and research analyst for fixed-income in vestments. Previously, Kuplic worked at First Bank System in Minneapolis for five National City Bank of Minneapolis made several changes. David M. Krause joined the bank as an assistant vice president in commercial division B. Krause was formerly with Bank of the West in San Jose, Calif., where he was assistant vice president. Jeffrey G. Bergeson joined the bank as an assistant vice president in the loan re view division of credit administration. Bergeson was most recently with Re source Bank & Trust as loan review offi cer. Charlotte A. Kimball joined the Minneap olis-based law firm of Harstad & Rain bow. Kimball graduated magna cum laude this year from William Mitchell College of Law, St. Paul, and earlier graduated cum laude from Carleton Col lege, Northfield. She practices in com mercial law and litigation. Harstad & Rainbow, founded in 1958, concentrates on environmental law, business litigation, commercial real es tate and personal injury matters. Timothy M. McManimon was appointed manager of business/ag banking at Norwest Bank Owatonna. He has four business bankers, one ag banker and four banking assistants reporting to him. McManimon joined Norwest in 1983 as a commercial loan officer. He became assistant vice president in 1985; vice president later in 1985; and senior vice president in 1988. McManimon has worked for Norwest Bank Winona. McManimon has a bachelor’s degree from St. Mary’s College in Winona. PAUL W. O LAN D ER ACCREDITED MEMBER A M E R IC A N SO C IETY OF APPRAISERS ► EXPERT VALUATION COUNSEL: Bank sales, acquisitions and other management services B A N K S T O C K V A L U A T IO N L O A N P O R T F O L IO A P P R A IS A L S ► SWORDSASSOCIATES. INC. P R O F E S S IO N A L B A N K IN G C O N S U L T A N T S 2 Brush Creek Blvd. Suite 100 Kansas 64112 (816) 753-7440 PAUL W. O LA N D E R C O M PAN Y 1073 PLUM M ER LANE S.W. ROCHESTER, MINNESOTA 55902 507-285-9271 We have the resources of Western Iowa’s largest bank in data investments and m ore. . . but it’s our old-fashioned, efficient, friendly service that keeps our correspondent customers coming back. Let us serve you— 2 7 7 -6 5 1 ? In Iowa— 1-800-352-4684; Outside Iowa— 1-800-831-0846. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis SECURITY N A TIO N A L RANK SIXTH A N D PIERCE STREET • S IO U X CITY. IA • M E M B E R F.D.I.C Ron Kiel, A ssistan t V ice P resident Jim Young, A ssista n t V ice P re sid e nt Wilma Weeks, C o rre sp o n d e n t S ervice s O ffice r DECEMBER 9, 1989 7 Partial list of available B a n k in g Candidates President Senior Loan Officer Remarkable track record. Turned a problem institution into a growth oriented, well capitalized, high earning bank. Currently President in a bank with total assets over one hundred twenty million dollars. Supervises over seventy-five employees. NT1001 $35K Four plus years experience in an eighty-five million dollar trust department. Proficient in employee benefits, manages forty-five million dollars, and in investment portfolio management. Strong accounting background. NT1008 $34K $44K Ag Lender Jr . Ag Lender Thoroughly trained in ag. Experience with bank, farm credit, and FmHA. This unusual combination of experience gives this lender the ability to identify and solve problems before they happen. Also knows how to drum up quality new business. $30K Consum er L ender/Branch M anager A customer relations expert. Four plus years experience in consumer lending, product development, customer relations and branch management. Has supervised over twenty employees. A sharp candidate. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis NT1007 T ru st Officer Currently oversees entire loan portfolio in this seventy plus million dollar bank. An Iowa State graduate that loves the small to medium size communities. Over five years lending experience. If you need a lender in a specific area or in all facets, this is your person. NT1005 No more headaches! This person, with over fifteen years experience, can really make your bank hum. Proficient at: regulatory and board reports; budgeting; asset/liability management; P.C.’s; the list goes on and on. $50K Comm ercial Lender NT1004 $40K Operations Officer A superb candidate seeking a new challenge with growth potential. Over ten years experience as Executive Vice President. Strong lending experience in commercial, agriculture, consumer and real estate. Do you need a reliable second person? NT1003 NT1006 $150K + E xecu tive V.P. NT1002 Do you need a well-qualified, reliable person to supervise the lending function. Ten plus years experience in a sixty million dollar bank. Predominantly an ag background, but has experience in all areas of lending, Also knowledgeable of bank operations, $37K Lots of bang for your buck. Two years consumer lending and collections experience, along with one year ag lending experience. A great foundation from which you can groom a top-notch lender. NT1009 $21K B an k Auditor, CPA Top-notch bank auditor with over four years experience. Current responsibilities include planning, designing programs, reviewing controls and presenting reports to management and the B.O.D. Accomplishments include a complete computer conversion from a service center to an in house computer. Available soon! NT1010 Asks $37K Partial list of available Banking Positions M ortgage Loan Servicing M anager Comm ercial Lender Join this well managed, high earning organization. This bank, with total assets over one hundred fifty million has an immediate need for a lender with five plus years of commercial lending experience. NT1011 To $45K A good opportunity with a company that’s on the move. This management position requires over three years experience in loan servicing, supervisory background and strong accounting skills. A great chance to be a part of the management team. NT1015 To $30K Ag Lender Ag Lender Great promotion potential. An exciting chance to join a multi-bank holding company environment. This position requires two plus years ag lending experience and a desire to get to the top. NT1012 $28K If you’re community oriented, have at least one year experience in ag/dairy lending, and desire to work in a stable environment, this is a perfect job for you. Operations background and insurance/real estate licenses a plus. NT1016 To $30K Operation Officer T ru st Investm ent Officer Midwest Metro location. The ideal candidate will have ten years experience in the securities industry, substantial portfolio management background, and good oral and written communication skills. NT1013 To $50K Help write your own job description. This organization has grown, a full time operations person is now needed. Four plus years experience, strong computer and compliance skills along with some lending exposure is an ideal background. NT1017 Consum er Lender/Office M anager Executive VP Play a management role in this two hundred million dollar bank. Responsibilities include: chief lending officer; director at the bank and the holding company; and positions on all executive committees. Position requires strong lending background, along with experience on the operations side. NT1014 Mid $30’s This national company seeks a person with strong real estate/consumer lending and collections experience. A superb management opportunity. NT1018 Mid $20’s Salary Open FOR FURTHER INFORMATION ON THESE AND OTHER CANDIDATES CONTACT RANDY ROCK W E H A V E B A N K IN G S P E C IA L IS T S W H O A R E R E A D Y TO G O TO W O R K F O R YO U NOW. C A LL US TODAY. IT D O E S N ’T M A TT E R W H E R E YO U A R E LO C A T E D O R W H E R E YOU W A N T O U R S P E C IA L IS T TO W O R K . O U R PROS A R E R E A D Y TO G O . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 317 6th Avenue, Suite 700 Des Moines, IA 50309 5 1 5 -2 4 4 4 4 1 4 W O R L D ’S L A R G E S T B A N K IN G , A C C O U N T IN G , A N D E D P P L A C E M E N T S P E C IA L IS T S M in n e s o t a Allan Berube joined Farmers and Mer chants State Bank, New York Mills, as an assistant vice president. Berube had previously been vice president of loans for Farmers State Bank of Carrington, N.D., and had worked for the Produc tion Credit Association in Carrington. He has degrees in agriculture eco nomics and agricultural education from North Dakota S ta te U niversity in Fargo. Larson, Allen, Weishair & Co., a CPA and business consulting firm based in Minneapolis, elected Gordon A. Viere chief executive partner. Viere joined the firm in 1975 and has been partner-in-charge of the firm’s St. Cloud office since 1983. Viere succeeds Jim Miller, who was elected board chair. Also elected to the board was Rholan Larson. Miller and Lar son join present board members Steve Broz, Greg Koschinska, Chas McElroy and Gordon Viere (ex officio). Northern National Bank, Brainerd, hired Robert J. Whalen as commercial loan officer at the Bemidji office. Whalen promotes and manages the bank’s business accounts. He has four years’ banking experi ence, having been with First Bank Sys tem and First National Bank of Deerwood. Whalen has bachelor’s degrees in economics and business, as well as communications and marketing, from North Dakota State University. He is a member of the Minnesota Bankers As sociation and the International Associa tion of Business Communicators. The bank also hired Ramona J. Martin as customer service manager and human resources officer at the Bemidji bank. Martin manages the customer ser vices department and teller area, and works with all aspects of human re sources management. She has more than six years of expe rience in financial services and human resources management. Martin also has a degree in business administration. She is a member of the American Society for P ersonnel A dm inistrators and the Northern Minnesota Bankers Associa tion. F o r P ro fessio n al C o rr e s p o n d e n t S e rv ice Call 1 -8 0 0 -6 2 2 -7 2 6 2 There j s a D ifference in Banks,... Valley National Bank Des Moines. Iowa 50304 Member FDIC Affiliale of Banks of IowaA Statewide Banking Corporation l> T AJ A A JA M E S F. M a cL E A N V ic e P r e s id e n t H . P E T E R D e R O S IE R V ic e P r e s i d e n t TELLER MACHINES - The Industry Leader O ver 1 2 0 ,0 0 0 M achines Installed Nationally! Econ om ical & Reliable with Excellent Features - Fast & E asy to O perate Available New or Reconditioned for O ff Line or On Line Use. Call: B A N K E R S ’ E Q U IP M E N T Banking Equipment Specialist 11561 - 1 2 th A v e . S ., B u rn s v ille . M N 5 5 3 3 7 6 1 2 -8 9 0 -6 6 6 1 o r T o ll F re e 1 -8 0 0 -3 2 8 -4 8 2 7 E xt. 1 9 0 5 Digitized FRASER 10for NORTHWESTERN FINANCIAL REVIEW https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis N. Jane Ward, consumer loan officer/ compliance officer of Marquette Bank Shakopee, was installed as president of the Metroland group of the Financial Women International Inc. (formerly Na tional Association of Bank Women). Ward succeeds Jane Treston, vice pres ident of Liberty State Bank of St. Paul. Treston is public affairs chair of the Min nesota state executive committee of the Financial Women International. Also elected were Lynda R. Koren, branch manager, Eastern Heights State Bank, St. P a u l-v ice president; Ruth Grussing, assistant vice president, First National Bank in Anoka - secretary; and Cynthia LaPatkin, assistant cashier, First Western Bank, St. Louis P a rk treasurer. Ward began her banking career 15 years ago. She was named teller super visor in 1979 and consumer loan officer in 1983. She has been compliance offi cer since 1984. First National Bank of Cold Spring ap pointed Egidie A. Scherr assistant vice president of lending. Scherr previously was executive vice president and managing officer of Secu rity State Bank in Deer Creek. He also has worked with the Farmers Home Administration and the Federal Reserve Bank in Minneapolis in research. Scherr has bachelor’s and master’s degrees in agricultural economics from North Dakota State University. Merchants National Bank of Winona promoted two employees. Susan M. Hovell, assistant cashier in mortgage loans, was named assistant manager in mortgage loans. Thomas J. Stahl was promoted to installment loan officer from administrative assistant in installment loans. Hovell has a bachelor’s degree from Winona State University. She is com pleting a master’s degree through St. Mary’s College, Winona. After starting with Merchants in 1984 as an administrative assistant in install ment loans, Hovell became a mortgage loan officer in 1986. She was promoted to assistant cashier in 1987. Stahl was an assistant manager for ITT Financial Services for two years prior to joining Merchants in installment loans in 1988. Stahl has a bachelor’s degree from Iowa State University. ~\ Thomas D. Vandeputte joined Lake Crys tal National Bank as assistant vice presi dent. After attending The College of St. Thomas and the University of Minne sota, where he pursued majors in agri cultural economics and architecture, he farmed for 10 years near Tracy. He managed the John Deere dealership in Slayton before joining Farm Credit Ser vices as an ag loan officer. He was pro moted to senior loan officer, then branch manager of the Slayton and Worthington branches during his seven-year tenure. N orthern National Bank, Pequot Lakes, promoted Judy Killian to opera tions and sales officer at the Pequot Lakes and Crosslake banks. Previously head teller, Killian is re sponsible for operations, including over seeing the teller, customer service and reception areas. Killian has worked in banking for nine years. She has worked at Lakeland State Bank and Staples State Bank. Also promoted was Cheryl Dupont, named head teller at the Pequot Lakes and Crosslake offices. Dupont supervises the te llers at Northern National. Dupont has worked in banking for 10 years and has attended numerous bank ing seminars. North Platte National Bank honored Ne b r a s k a Patricia Owen, vice president and cashier, Jacque Neu, marketing officer at Scottsbluff National Bank & Trust Co., was installed as presid ent of Financial Women International of Nebraska, for merly the National Association of Bank Women, Nebraska chapter. Barb Muhr, installment loan officer at Scottsbluff National, is public affairs chair. Norwest Bank Nebraska promoted Lynn F. Bluml to senior vice president; De borah D. Delgado to assistant vice presi dent; Cynthia W. Hulbert to assistant vice president/consumer banking manager; Keith E. Larsen to assistant vice president/client executive; Janet M. Lopez and Melanie K. Mullican to mortgage loan offi cers; Lynn D. Stofferahn to assistant vice president; and Janeane M. Whitney to per sonal banking officer. Robert A. Wanek was named chief exec utive officer of City Bank & Trust Co., Crete. Also, Marilyn J. Behrens was pro moted to executive vice president and cashier and Michael T. “Tom” Kozisek was named executive vice president for lending. for 25 years of service. Owen started with the bank in October 1964 in book keeping and was promoted to cashier in 1973. In 1980 she was promoted to her current position. Richard Coleman, president of the bank, presented Owen with a plaque inducting her as a member of the prestigious 25Year Club of First Commerce, the par ent company of North Platte National Bank. She also was given a watch. The Southeast Nebraska Group of the Financial Women International (formerly the National A sso ciatio n of Bank Women) installed the following officers: Christyne E. Bathel, vice president and cashier of Beatrice National Bank, pres ident; Mary Pekarek, coordinator of cost accounting at FirsTier Bank Lincoln, vice president; Marilyn J. Behrens, vice president and cashier of City Bank & Trust Co. in Crete, secretary; and Karen Wible, personnel officer at National Bank of Commerce in Lincoln, treasurer. George Prochaska, chief executive offi cer of the First National Bank & Trust Co. of Columbus, retired after 33 years of service. Prochaska continues as board chair. O F F IC E ONCEPTS Designers & Builders of Finencisl Institutions LTD Committed to your Building and Remodeling Needs F irst In tersta te Bank of Billings elected Bob Clark credit review officer. Clark has a bachelor’s degree in busi ness administration from Eastern Mon tana College. He began with First Interstate Bank in 1984 as an operations analyst. He has been a loan administration assistant and credit analyst. These Montana bankers graduated from Pacific Coast Banking School: Tom M c P h e rs o n , F irs t C itizens Bank of Poison; Bill Miller, First National Bank of Lewistown; and Clark Johnson, Western National Bank, Wolf Point. MBA is one of the school’s founders. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Ross Schoonover Vice President P.0. Box 808 • 319 Broadway • Waterloo, Iowa 50704 319-234-1221 t's easier to talk Iow a banking w ith people w ho live it — people like Ben Eilders and the co rresp on dent staff at Bankers Trust. I Call 1-800-362-1688 or 515/245-2424. Ben Eilders Des Moines, IA M em ber FD IC Senior Vice President DECEMBER 9, 1989 11 Jeff Arnold became assistant vice presi dent and trust officer at Adams Bank and Trust of Ogallala. Western Security Bank in Omaha pro moted Kathleen Culbertson to assistant cashier, Kathleen Burrows to operations officer and Steve Macklin to cashier. Vistar Bank, Lincoln, elected Richard Donovan co m m e rcia l loan o ffic e r. Donovan joined credit analysis in 1988 and moved to commercial loans in April. He is a graduate of Nebraskan Wesleyan University. John R. Jacobsen joined First National Bank and Trust, Fullerton. His duties focus on compliance, lending and in bank training. Jacobsen has more than five years of operations and lending ex perience. Janet M. Keyser, assistant vice presi dent in the institutional division of Norwest Bank Nebraska in Omaha, was designated a certified employee benefit specialist by the International Founda tion of Employee Benefit Plans and the Wharton School of the University of Pennsylvania. FirsTier Bank Omaha appointed John Orduna branch manager of its new facility at 50th & Ames Avenue. Also, Robin Sgroi was named vice president and Patty Honz was named an officer. The Omaha chapter of the American Institute of Banking elected Linda Rix president. She is manager of training and development at F irsT ier Bank Omaha. American National Bank of Creighton named Steven W. Schindler vice president. Newly elected directors to a threeyear term with the Nebraska Indepen dent Bankers Association are: District 1 - Arnold Otten; District 2 - Lee Jacobsen; District 3 - Fred Otten; District 4 - Jerry Koepke; District 5 - Gary Hodde; and Dis trict 6 - Jett Enevoldsen. P. Mark Graff, CPA, senior vice presi dent and comptroller of McCook Na tional Bank, and Steven L. Michel, presi dent and chief executive officer of Henderson State Bank, were awarded diplomas from the Graduate School of Banking of the University of WisconsinMadison. DOES YOUR BANK NEED AN INVESTMENT CENTER? Y o u r benefits: • New high net worth customers • Added profit • Reduced deposit loss to competitors • Ability to offer complete financial services For information contact: INVESTMENT 1-800-544-7113 First Dakota Building P.O. Box 2796 Bismarck, ND 58502 or P.O. Box 65697 West Des Moines, 1A 50265 Norw est B an k D es Moines, N.A. NORWEST BANKS Hill IH T H The Southwest Nebraska group of the Financial Women International (for merly the National Association of Bank Women) in sta lle d o ff ic e r s : K aren Christner, First State Bank, Enders, president; Deanna Allacher, First National Bank of McCook, vice president; and S h aro n R h o a d e s , S ta te B ank of Benkelman, secretary-treasurer. NORTH DAKOTA The North Dakota Bankers Associa tion welcomed Nancy Eckman as annuity administrator. She succeeds Adele Zuroff. Eckman has a business management degree from the University of North Dakota. She worked most recently as a mortgage loan underwriter for five years with First Federal Savings Bank in Rapid City, S.D. ■ ■■ Charles A. Mausbach was named senior vice president/client group manager at First Bank Grand Forks. Mausbach is responsible for the commercial agricul tural and consumer business activities in the client group. Mausbach joined First Bank Willmar in 1979, and was most recently vice president/product and service group manager. He is a graduate of South Dakota State University. SOUTH DAKOTA Doug Block joined Norwest Bank in Groton as a professional trainee. Block has a bachelor’s degree in ag business management from Southwest State Uni versity in Marshall, Minn. Before join ing Norwest, he was a loan officer with Farm Credit Services in Sheldon, Iowa. W is c o n s in C a ll (515) 245-3131 o r to ll-fre e (800) 3 62-2514 Member FDIC Y e a r n w o rk : o n e o f th e r e a s o n s w e ’re f ir s t in Io w a . Tom Q u in lin 12 NORTHWESTERN FINANCIAL REVIEW https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis J a y N ic h o ls Lyman Powell, president of National Ex change Bank’s trust division in Fond du Lac, was elected president of the Wis consin Trustees Association, which serves 37 Wisconsin financial institu tions in 66 communities. The association functions through col lective action of its members. All trust departments and trust companies are eligible for membership. CLASSIFIEDADS HELP WANTED HELP WANTED TR UST PERSONAL BANKING MANAGER Are you a recognized expert in the 401 (K) area? If you have 2 + years 401 (K) administration plus the desire to work closely with marketing professionals in a cus tomer contact role, we have an excellent local oppty to discuss. Must have strong mathematical abilities and negotiations skills. Four year degree required. Salary to $ 3 5 K . Job #N FR5017. SW Suburban Twin Cities Bank seeking candidate with 10 years successful background in Retail/Executive Banking in M etro market. Please send resume to File #9620 c/o Northwestern Financial Review. COMMERCIAL LENDER Are you ready to take your career to a higher level? $3bil HC in central WI seeks professional for this offi ce r’s position. Must have 3 + years direct lending ex perience combined with formal credit training. Busi ness development skills are essential. This position lead s to m a n a g em en t. S a la ry to $ 4 0 K + . Jo b #N FR5018. EVP REAL ESTATE Are you ready for a true growth opportunity? $20MM financial institution in west central MN seeks polished professional for this top management position. Must have extensive knowledge of residential lending. Mini mum of three years in bank operations. The right per son will be CEO in one year! Salary to $35K + . Job #N FR5019. CALL P. LU TH ER LaSALLE OR PAUL B E E S AT (612) 339-9001 HALF M ROBERT »4 1 OF MMNESOTA, M C. M► 2800 Norwest Center <s> Minneapolis, MN 55402 (612) 339-9001 ALL F E E S COMPANY PAID PARTIAL LISTIN G OF AVAILABLE POSITIONS AG LENDER Are you ready to make that stable long-term career move? This profitable $30M M bank see k s an ag lender with 2 + years exp. To $27K . COMMERCIAL LENDER 5 + yrs cmm’l lending and business development ex perience can land you this exceptional position. High earning, $100M M + bank. $ 4 0 ’s. OPERATIONS OFFICER A great banking opportunity. Position requires 4 + yrs exp including PC ’s, compliance, board reporting etc. Some lending exp a plus. Mid $ 3 0 ’s. ALL F E E S COMPANY PAID FOR MORE INFORMATION CONTACT RANDY ROCK AT 515-244-4414 ROBERT H R L F 317 6th Ave., Ste. 700 Des Moines, IA 50309 515-244-4414 LOAN OFFICER/INSURANCE Over twelve years experience in lending and insur ance. Works with consumer, real estate and ag loans. Also serves as compliance officer. Familiar with Call Reports and other cashier duties. Con verted bank to computer system in 1988. Licenses in P/C, Life, Health, and Crop Insurance. “ Very competent in banking. Projects good image,” re ports reference. Graduate of WI School of Banking. $30,000. 800-633-8387. L-l EVP “ Full understanding of the operation and credit functions of the banking industry,” says reference. Instrumental in developing a residential real estate loan department in the bank. Offers seven years ex perience in the banking industry. CO School of Banking. Prefers NE, SD, IA, MO, KS. $32,000. 800-633-8387. L-2 LOAN OFFICER Serviced eight years as Assistant Vice President. Duties include handling large farm loans, selling of participations to o th er banks, re p o sse ssio n s, bankruptcies, inspections, and appraisals. Strong ag background. Graduate of New Mexical School of Banking. Open on location. $30,000. 800-633-8387. L-3 SR V .R Currently originates and manages a commercial loan portfolio of $12.5M M . Serves on Sr. Loan Commit tee and the Asset-Liability committee. Responsible for organizing and implementing quality loan pro gram. Reduced problem loan by $11M M . B .S . Ag Business. Graduate of School of Banking. 800-6338387. L-4 E.V.P. Currently President, promoted from VP/Cashier, of a National Bank. Interested in position with larger bank in metro area. Reference says, “ Supervised 11, in total charge of operations and compliance; did an outstanding job. Excellent personality and ap pearance.” B .S . plus two years Graduate School of Banking. $35,000. 800-633-8387. L-5 VP/SENIOR LOAN OFFICER Central Nebraska Bank in college community with successful and aggressive R .E . Department of $5MM desires to hire a manager qualified in FHA, VA, and Conventional lending with loan pooling experience. Salary is negotiable. Send resume to File #9618 c/o Northwestern Financial Review. Over five years experience in ag loans, farm man agement, branch management, and most recently, Vice President and Compliance Officer for larger bank. Past National Bank experience. References say, “ Very good in operations and did well in ag lending. Likeable personality and got along well with everyone; a very good employee.” B .S . $30,000. Prefers IA location. 800-633-8387. L-6 Immediate opening for consumer lender in $47MM bank in Northwestern Wisconsin. 2-4 years lending experience necessary. Competitive salary and excel lent benefit package. Located in the heart of lake country and only 1 hour from the Twin Cities. Send resume to File #9619 c/o Northwestern Financial Re view. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 4 0 5 M a in D o n a ld 5 1 5 -2 3 2 -0 8 1 4 A m e s, Io w a 5 0 0 1 0 E. H older, P rin c ip a l YOUR BEST INVESIMENI IS PERSONNEL! REAL ESTATE LENDER CONSUMER LENDING OFFICER c d io C d z x a n d c /j'i.i.o c ia .tííL Specializing in the Purchasina and Sale of Banks no problems. Excellent in documentation and very good collections. Technical ability is excellent and his delinquency rate is classified well below normal. Personality and appearance are a plus.” B .S . plus many banking schools. $35,000. 800-633-8387. L-7 COM PLIANCE OFFICER Supv. s e v e n . . . responsible for compliance of $6.5M M bank located in beautiful Wyoming. Compli ance exp. in a national bank required. Perfect for someone who has retired and wants to go back to work. $30-$35,000. 800-633-8387. LL-1 LOAN OFFICER Mostly ag loans in $33MM bank. T hree to five years with national bank exp. NE location close to larger cities and excellent hunting and fishing. $30-$50,000 + generous bonus/benefit package. 800-633-8387. LL-2 AG LOAN OFFICER/INSURANCE Work branch and main offices for $75MM bank with CAMEL rating of 1-2. Located in IL with 4-year col lege in town and close to larger cities. Excellent op portunity for advancement. Degree with banking school and exp. required. $25-$35,000. 800-6338387. LL-3 A S S IS TA N T VP Ag and other loans. Min. two years bank exp. re quired. IL location in $175M M bank. D eg ree. $28,000. 800-633-8387. LL-4 LOAN OFFICER/OPERATIONS Work in lending and operations. Strong in public re lations and dairy background required. IA. $22$27,000. 800-633-8387. LL-5 BRANCH MANAGER $7MM bank. Handle consumer and commercial loans. Also supv. five. Work with IRA’s. Banking School preferred. SD. $25-$32,000. 800-633-8387. LL-6 AG LOAN OFFICER $55MM bank. Work closely with dairy clients. Must have a strong ag background. 3-5 yrs. exp. B .S . WI. $29-$34,000. 800-633-8387. LL-7 712/779-3567 Hwy. 92 W., Box 140 Massena, IA 50853 COM M ER CIAL LOAN OFFICER Over eight years experience in commercial and agri cultural loans. Strongest in the commercial side. In terested in larger facility where he can handle larger loans and have more responsibility. R eferences state, “ Performance was very g o o d ... absolutely Fax #712-779-3366 Dfl CAREERS, INC. J THE O R IG IN A L AGRICULTURAL RECRUITER EM PLOYERPA IDFEES DECEMBER 9, 1989 13 Classified Ads HELP WANTED EQUIPMENT WANTED POSITIONS AVAILABLE TRUST OFFICER - manage a $50MM department in a com Used desktop proof machine, microfilmer and microreader/printer. Please respond by mail to: Precision Bearing Co., Attn: Bobbie Finlay, P.O. Box 3950, Omaha, NE 68132. munity bank. Degree required; J.D . a plus............ $50K LOAN OFFICER - must have solid commercial lending skills plus some consumer loan ex p erien ce..................... $35K SR. TRUST INVESTMENT OFFICER - metro bank requires min imum of 10 yrs. portfolio management experience. Degree required.............................................................$55K COMMERCIAL LOAN - minimum 3 yrs. commercial lending and form al cred it analysis training. D eg re e r e quired $40K AG LENDER - must be P.C. literate and have excellent communications skills for this bank..........................$30K Resume and salary history requested. All inquiries confidential. EQUIPMENT WANTED AMERICAN BANK EQUIPMENT INC. ( 402 ) 397-8890 The No Hassle Building In 6 0 Days Or Less! LEASE OR PURCHASE MODULAR FACILITIES Turnkey Package C H O O L E R lr A S S O C IA T E S "Su ccessful Banking is Quality Pers onnel" P.O. Box 684 . Equipment, Furniture, CORPORATION Wichita, KS 67201 ’ A t lo n to G A ’ P h ila d e l p h ia P A CA 'O fl o n d o F I -S o n F r a n c o Ca ( 3 1 6 ) 26 3"45 57 D O N W. S C H O O L E R P la z a T o w e rs 17 3 6 E a s t S u n s h in e , S u ite 40 6 S p rin g fie ld , M is s o u ri 6 5 8 0 4 (4 17) 8 8 2 -2 2 6 5 Estate Appraisals Purchase of Collections Sale of Rare Coins Reliable and respected service for over 30 years Used by bankers throughout the midwest Ben E. Marlenee Coins 913 Locust Des Moines, Iowa 50309 515-243-8064 POSITIONS AVAILABLE PRES. - 100MM Lending and Operations background, community bank.............................................$70-80,000 CASHIER - 100MM + strong accounting skills & super visory track record........................................ $35-40,000 PRES. - 25MM - 1-1/2 hours from metro small town (4000) some clean-up....................................$40-45,000 HEAD LENDER - 50MM metro suburb.............$35-40,000 HEAD REAL ESTATE & CONSUMER - top bank, good earner, area lea d er.....................................................$35-40,000 EVP - Head of Lending, 100M M ................. $50-55,000 COMMERCIAL LEN DER -w ith some retail, vacation a re a ................................................................. $25-30,000 PRES - 25MM independent bank, small town.........$4045,000 CASHIER - 50MM independent, small town. . . .$35,000 AG. LENDER & BUS. DEVELOPER - good relocation package, top benefits.....................................................$32-35,000 NEW & USED Safe Deposit Boxes, Night Depositories, Fire Files, Drive Up Windows. Gene Case & Associates, 612757-2338 Buying used • safe deposit boxes • night depositories • undercounter cabinets* cash lockers •safes »vault doors TOM HAGAN & ASSOCIATES P.O. Box 12346/2024 Swift North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry Since 1970” NCR 7750, 12 pocket proof machine with 7626 cas sette drive. NCR 6090 processor with 6530 disk drive. NCR 6420 printer, 600 lines per minute. Contact Gary or Darlene at (307) 532-2173. B A N K IN G 'Professional assistance in hiring and career advancement" ÇA REERf quality service by experienced professionals 525 Merle Hay Tower Des Moines, Iowa 50310 515-276-1151 Sandi Garner 515-832-1258 Tues / Wed / Fri Confidential. Fees Paid by Employer. A Executive Search - Nationw ide Specialists in Banking/Financial Services ADAMS, INC. 4 0 2 / 3 91-7325 Providing Outstanding Lending, Trust, Operations and Marketing Candidates Confidentiality with Effectiveness Contemporary Candidate Sourcing Techniques Third-party Perspective and Negotiation Resources and Responsiveness that Saves Time and Money 10050 Regency Grcle Digitized14for FRASER NORTHWESTERN FINANCIAL REVIEW https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Omaha, Nebraska 68114-3721 POSITIONS AVAILABLE AG LOAN -Iowa and Nebraska — 2-3 years ex perience $25-30K BOOKKEEPING SUPERVISOR - Nebraska $2530K COMMERCIAL AND AG LO AN -Iowa $25-30K Dorothy Minister, CPC 12 years experience as a Consultant GUMBERT EXECUTIVE EXCHANGE 9802 Nicholas St., Suite 370 Omaha, NE 6 8114 402-390-0275 Fax 402-390-0282 NEWS BRIEFS PERSONNEL David Gohn, president, West Plains Bank, West Plains, Mo., was appointed chair of the American Bankers Associa tion community bankers council for 1989-90. Gohn leads the council in government relations, communications and product development on behalf of the nation’s banks with assets of $250 million or less. Among the council’s highest priori ties are controlling banks’ ever-increas ing regulatory burden, making credit unions subject to the same competitive constraints as banks and obtaining au thority for banks to provide additional services to their customers. Prior to his appointment as chair, Gohn served for two years as a member of the council and for three years as a member of the ABA community bank ers advisory board. Gohn began his banking career at Un ion National Bank, Springfield, Mo., fol lowing graduation from Drury College, Springfield. Two years later he joined West Plains Bank, progressing to presi dent in 1978. He is a member of the Missouri Bank ers Association Board of Trustees of Schools and is a past officer of MBA’s Region 7. United Missouri Bank South elected Kathy L. Sparrow personal banking officer. Sparrow assists individual customers with financial transactions and helps with administrative functions at the bank’s 7901 Wornall office. She worked for the South bank from 1980 to 1987 and rejoined United Mis souri in April as a personal banking rep resentative. Boatm en’s F irst National Bank of Kansas City elected Paul Weston presi dent of Boatmen’s Independence Bank ing Center. Weston succeeds Howard W. Sharp, who accepted a position with an other bank. Weston, who began his career at the bank in 1960, has served in various https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis was elected loan operations officer, and oversees processing of other employee benefit plans and supervises input clerks. Formerly an assistant trust offi cer, Pomperien joined the bank in 1972 as an administrative assistant. Stephanie L. Stubbs was promoted to as sistant operations officer in bookkeep ing. Stubbs supervises the daily opera tions for personal checking accounts and the processing of monthly personal bank statements. She joined United Missouri in 1988 as a direct deposit account supervisor in bookkeeping. Trudy Rose became retail banking opera ■ ■■ management positions. Before the mer ger of Centerre and Boatmen’s, he was president of Centerre Bank of Indepen dence. Most recently, Weston was ex ecutive vice president and senior lend ing officer. Boatmen’s also appointed the follow ing vice presidents: Patricia K. Briggs, M. Elizabeth Fast, Joseph M. McCaddon, Stephen M. Nepote, Todd W. Owen and Donald E. Sul livan. Deborah L. Holman was elected assistant vice president. Christie E. Francis was named investment officer. Larry R. Moss tions officer. At the Belton Banking Center, Gregory J. M otley was named president and Richard Boxx, senior vice president. J. Lynnete Brown is the new personal banking officer. At the Excelsior Springs Banking Center, Cathy D. Kline was appointed as sistant vice president; Donald R. Moberly Jr., loan officer; and lletta Pulley and Linda K. Sharp, personal banking officers. At the Independence Banking Center, Sandra Bahrenburg and Mary Carol Schriefer were named vice presidents. At the Raytown Banking Center, Edward A. Herman Jr. was named vice pres ident. Jennifer J. Edelman was elected as sistant vice president. United Missouri Bank of Kansas City made several personnel changes. Stephen J. Campbell was promoted to senior vice president in the trust de partment. Campbell oversees the administration of charitable trusts and foundations. He has been with the trust department for more than 15 years, most recently as vice president. He has a law degree from the Univer sity of Kansas Law School and is a member of the Kansas City Bar Associ ation, the Lawyers Association of Kan sas City and the Missouri Bar Associa tion. Gail Pomperien was named trust officer in employee benefits. Pomperien is responsible for the ad ministration of profit-sharing and em ployee stock ownership plans. He also United Missouri Bank of St. Louis promoted JoAnn M. Sutterer to assistant vice president in consumer loans. She handles consumer and commercial loans at the Arnold office. Sutterer joined the bank in 1970 as a teller and has been assistant cashier and personal banking officer. The Mortgage Bankers Association of America elected James W. Nelson, a certi fied mortgage banker and president of Eberhardt Co., Minneapolis, as presi dent-elect of the organization during its 76th annual convention. Nelson has more than 24 years of ex perience in mortgage banking and MBA affairs. He currently serves on MBA’s board of governors and is chair of the executive committee. He is a past chair of the education, education review, membership and young mortgage bank ers committees. Nelson’s father, Walter C. Nelson, was elected president of the MBA 31 years ago in Chicago. His career began in 1965 as assistant vice president for residential mortgage banking at the Eberhardt Co. He was named president in 1976. The other officers are: presidentRonnie J. Wynn, CMB, president, Colonial Mortgage Co., Montgomery, Ala.; vice president - Angelo R. Mozilo, president and chief executive officer, Countrywide Funding Corp., Pasadena, Calif.; and treasurer - Alvin A. Siegal, chair, The Leader Mortgage Co., Cleveland. DECEMBER 9, 1989 15 News Briefs Wayne R. Huneke was elected second vice president, treasurer and chief ac counting officer of Northwestern Na tional Life Insurance Companies Inc., Minneapolis. Huneke directs corporate accounting and reports to John H. Flittie, senior vice president and chief financial officer. Huneke joined NWNL in 1986 as as sistant vice president and assistant con troller. He was promoted to assistant vice president, assistant controller and assistant treasurer the following year, and in 1988 became assistant vice presi dent, associate controller and assistant treasurer. ■ ■■ James R. Daniel, president and chief ex ecutive officer, Friendly Bank, Okla homa City, was elected chair-elect of the Consumer Bankers Association. He succeeds Alan J. Heuer, sector ex ecutive, Marine Midland Bank, N.Y. Daniel has a bachelor’s degree in fi nance and economics from Baylor Uni versity and began his banking career in 1962 with Central National Bank in Oklahoma City. Daniel has been em ployed with Friendly National Bank since 1964. Also, four members were elected to the CBA’s board of directors. William J. Bradley, president, Equibank, Wilmington, Del.; Frank Rauscher, execu tive vice president, F irst Gibraltar Bank, Dallas; Warren Raybould, executive vice president, California Federal Sav ings & Loan, Los Angeles; and H. Jay Sarles, executive vice president, Fleet/ Norstar Financial Group, Providence, R .I., were elected. Bradley is president of EquiBank, with primary responsibility for the $500 million credit card subsidiary. He man ages the consumer credit activities of the corporation throughout the United States and the company’s secondary mortgage corporation, American Finan cial Corp. in Tampa, Fla. Rauscher is responsible for all retail, electronic banking, annuities, casualty insurance and securities brokerage pro grams for First Gibraltar Bank. Raybould is currently head of the con sumer bank, Western states, of Califor nia Federal Savings & Loan. His re sponsibility includes management, sales Digitized16for FRASER NORTHWESTERN FINANCIAL REVIEW https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and service support for the consumer bank in California, Nevada and Arizona. Sarles is responsible for Fleet/Norstar’s financial services group. This en compasses a range of non-banking finan cial companies, including Fleet Finance, located in Atlanta. William C. Nelson, president and chief executive officer, Boatmen’s First Na tional Bank, Kansas City, was named chair of CBA’s communications/membership council, succeeding James R. Dan iel, president and CEO, Friendly Bank, Oklahoma City. Nelson has been a member of CBA’s board of directors since 1987. CBA also elected Barbara L. Munson vice president and manager, congressio nal relations. Munson joined CBA in 1987 as gov ernment affairs associate. Previously, she was chief legislative assistant to U.S. Rep. Stan Lundine (D-N.Y.) and was responsible for Lundine’s banking committee work, as well as housing, foreign policy, transportation and eco nomic development issues. Munson also worked for Sen. Chris topher Dodd (D-Conn.) and former Sen. Paul Tsongas (D-Mass.). She is a graduate of the Georgetown University School of Foreign Service and has a master’s certificate in interna tional relations from the University of Edinburgh, Edinburgh, Scotland. United Missouri Bank of Kansas City promoted Jesse H. West to assistant vice president in commercial banking and elected Ronald D. Innés commercial bank ing officer. West is a commercial loan officer at the bank’s state line office. He joined United Missouri more than six years ago. Most recently, he was a commer cial banking officer in the downtown of fice. In May he transferred to the state line office. West also was affiliated with United Missouri Bank of Warrensburg for four years while attending Central Missouri State University. He has a bachelor’s degree in business adminis tration. Innés joined the bank in 1988 as a credit analyst. The bank also promoted Michael S. League to assistant vice president in commercial banking and elected A. Pris cilla Diaz-Lang to personal banking officer in retail banking. League joined the bank in 1987 as an executive trainee and most recently was a commercial banking officer down town. He has a bachelor’s degree in ec onomics from the University of Kansas and a master’s degree in business ad ministration from William and Mary Col lege, Williamsburg, Va. Diaz-Lang markets bank services and products for individual customers of the plaza office. For the past three years, she has been a personal banking repre sentative. She has a bachelor’s degree in special education from the University of Missouri-Columbia. United Missouri also promoted William J. Weigel Jr. to assistant vice president and elected John D. Irwin Jr. assistant in vestment officer. Both work in the trust department. Weigel, in employee benefits, works with commercial customers throughout the country to design and maintain pen sion and other benefit plans and pro grams. He joined the bank in 1987 as a pension services officer and has a bach elo r’s degree and law degree from Washburn University. In trust division, Irwin manages insti tutional investments for pension, en dowment, foundation and re se rv e funds. He previously was portfolio man ager. Irwin has a bachelor’s degree in finance and economics from the Univer sity of Nebraska. Jean M. Byrne joined the bank as an op erations officer. Byrne oversees tellers and personal banking at the town and country location. John M. Blanchfield was named manager of the American Bankers Association’s agrifinance services center. Blanchfield has six years of commer cial banking experience and has been re sponsible for a $4.5 million agricultural loan portfolio in the Mowhawk Valley re gion of New York state. He comes to ABA from Fleet/N orstar Financial Group, where he is assistant cashier and agricultural representative at Nor star Bank of Upstate New York in Utica, N.Y. News Briefs The FDIC appointed Robert D. Hoffman inspector general. Hoffman has been di rector of the FDIC’s office of corporate audits and internal investigations, now called the office of inspector general, since he joined the FDIC in 1974. The inspector general reports to the board and is responsible for all of the FDIC’s corporate and receivership au dit and internal investigative activities. Before joining the FDIC, Hoffman was a partner in an international ac counting firm, a project control officer at the National Aeronautical and Space Ad ministration, and a controller of a major real estate development firm in Ohio. He also operated his own CPA practice. Hoffman has a bachelor’s degree in accounting and economics from Youngs town (Ohio) University and a master’s degree in business administration from Kent State University. Boatm en’s First National Bank of Kansas City made these appointments: Jack D. Hopkins to senior vice president; Scott C. Page and Michael M. Wilson to as sistant vice president; and Stella M. Gundelfinger to investment officer. Hopkins has eight years’ experience and is senior credit officer at Boatmen’s Kansas City South banking center. He joined the bank in 1983 as an assistant vice president. He has a bachelor’s de gree from William Jewell College, Lib erty, and a master’s degree in business administration from Rockhurst College, Kansas City. Page joined the bank this year and has five years of lending experience. He has a bachelor’s degree in business manage ment from the University of South Da kota, Vermillion. He currently is a mem ber of the Kansas City Consumer Bankers. Wilson joined the bank in August and is a commercial and real estate lending officer at Boatmen’s Excelsior Springs banking center. He has a bachelor’s de gree from Southwest Missouri State University, Springfield, and has eight years of banking experience. Gundelfinger is an investment officer at the Plaza banking center and is re sponsible for investment sales to indi viduals. She served at Centerre Bank for four years before joining Boatmen’s. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis municipal finance MUNICIPAL BOND CALENDAR T IM E AM OUNT 1T.00 a.m. 1,220,000 7:00 p.m. 4 ,9 7 5 ,0 0 0 8:00 p.m. 2,525 ,0 0 0 11:00 a.m. 5,335,000 11:00 a.m. 225,000 11:00 a.m. 9,000 ,0 0 0 12:00 noon 2 ,5 0 0 ,0 0 0 P U B ’D N FR IS S U E R December 11-16 Monday Tuesday Wednesday St. Peter, MN I.S .D . #508 (G.O. School Building Bonds Series 1990A) Glenwood, MN Joint Powers District #6046-62 (G.O. School Building Bonds, Series 1990) Hinckley, MN I.S .D . #573 (G.O. School Building Bonds of 1989) Minneapolis, MN S .S .D . #1 (School Building Bonds, Series 1989) Tomah, WI (Special Assessment Revenue B Bonds of 1989) Hastings, MN (G.O. Hydroelectric Revenue Bonds, Series 1990A) Minnesota Higher Education Facilities Authority (Revenue Bonds, Series TwoW) Nov 18 Dec. 2 Nov. 25 Nov. 25 Nov. 25 Nov. 25 Dec. 2 December 18-23 Monday 12:00 noon 3,645 ,0 0 0 Tuesday 11:00 a.m. 5,000,000 1 1 :3 0 a .m . 1,700,000 Annandale, MN I.S .D . #876 (G.O. School Building Bonds, Series 1990A) Rochester, MN I.S .D . #535 (Certificates of Indebtedness) Lakeville, MN I.S .D . #194 (G.O. Refunding Bonds of 1989) LEGAL NOTICE NOTICE OF SALE INDEPENDENT SCHOOL DISTRICT NO. 194 (LAKEVILLE). MINNESOTA $1,700.000 GENERAL OBLIGATION REFUNDING BONDS OF 1989 Sealed bids for the purchase of $ 1 ,7 0 0 ,0 0 0 General Obligation Refunding Bonds of 1989 of Independent School District No. 194 (Lakeville), Minnesota (the District), will be accepted by the Clerk, or his desig nee, at the offices of Ehlers and Associates, Inc., 2950 Norwest Center, 90 South Seventh Street, Minneapo lis, Minnesota, until 11:30 a.m .. Central Standard Time, on Tuesday, Decem ber 19, 1989, when they will be opened, read and tabulated for pre sentation to and consideration by the School Board at its meeting to be held at 5:00 p.m ., Central Standard Time, on the same day, at the School District Office. The Bonds will be issued for the purpose of refunding the 1991-1993 maturities of the D istrict’s School Building Bonds, Series 1981, which are subject to call on February 1, 1990. The Bonds will be issuable as fully registered bonds of single maturities, in any de nomination which is an integral multiple of $5,0 0 0 , will be dated, as originally issued, as of D ecem ber 1, 1989, and will mature on February 1 in the following years and amounts: Dec. 2 Dec. 9 Dec. 9 Amount Year $515,000 1991 625,000 1992 560,000 1993 The District reserves the right, following the opening of bids, to adjust the maturity schedule in accordance with the Terms and Conditions of Sale. Interest will be payable on each February 1 and Au gust 1, commencing February 1, 1990, to the owners of the Bonds appearing of record in the bond register as of the fifteenth day (whether or not a business day) of the immediately preceding month. Legal opinion will be furnished by Dorsey & Whitney, of Minneapolis, Minnesota. Copies of a statement of Terms and Condi tions of Sale and additional information may be ob tained from the undersigned or from Ehlers and Asso ciates, Inc., 2950 Norwest Center, 90 South Seventh Street, Minneapolis, Minnesota 55402-4100 (612-3398291), financial consultants to the District. Dated: November 28, 1989. BY ORDER OF TH E SCHOOL BOARD Cheryl Forrest School District Clerk Independent School District No. 194 (Lakeville), Minnesota Ehlers and Associatesene. L E A D E R S IN P UB L I C F I N A N C E Published in N orthwestern Financial Review Decem ber 9, 1989 DECEMBER 9, 1989 17 Municipal Finance REGISTERED BONDS LEGAL NOTICE Principal Bond Amount Number Redeemed NOTICE OF REDEMPTION AND DEFEASANCE ST. LOUIS COUNTY, MINNESOTA $4,800,000 GENERAL OBLIGATION COUNTY NURSING HOME REVENUE BONDS DATED AUGUST 1 ,1 9 8 4 Notice is hereby given to the holders of all the out standing bonds of the above-designated issue which mature on or after February 1, 1993 (the “ Bonds” ) that all outstanding principal amount of the Bonds will be redeemed on February 1, 1992, at a redemption price equal to the principal amount of the Bonds, plus accrued interest to the redemption date. Registered bonds to be redeemed are described as follows: Cusip Number Principal Outstanding Interest Rate Maturity Date 791230AS4 525,000 9.00% 2/1/93 791230AT2 575,000 9.20% 2/1/94 791230AU9 625,000 9.40% 2/1/95 791230AV7 700,000 9.50% 2/1/96 Payment of the principal amount of the Bonds, t gether with accrued interest, will be made on Febru ary 1 ,1 9 9 2 , upon presentation of such Bonds, at: First Bank North, National Association Attention: Corporate Trust Department 130 West Superior Street, R O . Box 19 Duluth, Minnesota 55801-0019 Interest will cease to accrue from and after such re demption date. A signed Form W-9 must accompany the Bonds or taxes may be withheld. Notice is further hereby given to the holders of all of such Bonds that there has been deposited with First Bank North, National Association, formerly First Bank (N.A.)-Duluth, as Bond Registrar, pursuant fo the provisions of the resolution adopted by the Board of County Commissioners on August 13, 1984, cash and certain government obligations, the principal of and interest on which will provide monies sufficient to provide for the payment of principal of and interest on the Bond through February 1, 1992. Dated this 1st day of November, 1989. By First Bank North, National Association as Escrow Agent Published in Northwestern Financial Review December 9, 1989 LEGAL NOTICE NOTICE OF SPECIAL MANDATORY REDEMPTION TO THE HOLDERS OF CITY OF FARIBAULT COUNTY OF RICE STATE OF MINNESOTA SINGLE FAMILY MORTGAGE REVENUE BONDS, SERIES 1980 NOTICE IS H EREBY GIVEN, pursuant to the provi sions of the Indenture of Trust dated as of January 1, 1980, between the City of Faribault, Rice County, Minnesota, and First Trust National Association, as Trustee, that $480,000 principal amount of the Single Family Mortgage Revenue Bonds Series 1980 issued pursuant to the Indenture has been selected for the Special Mandatory Redemption on January 1, 1990 (the Redemption Date) at a price of 100% of principal amount (the Redemption Price) together with interest accrued to the Redemption Date. The specific Bonds selected for redemption (the Redeemed Bonds) are the following: Digitized for 18 FRASER NORTHWESTERN FINANCIAL REVIEW https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis R-32 $5,000 Redeemed Bonds shall cease to accrue and be pay able. Interest Rate Maturity Date CUSIP* Number 8.875% 1/1/2012 307590 AA7 COUPON BONDS Principal Bond Amount Number Redeemed 336 349 393 408 436 $5,000 5,000 5,000 5,000 5,000 Interest Rate Maturity Date CUSIP* Number 7.40% 7.40% 7.50% 7.50% 7.60% 1/1/1991 307590 AK5 1/1/1991 307590 AK5 1/1/1992 307590 AL3 1/1/1992 307590 AL3 1/1/1993 3 0 7 5 9 0 AM1 454 5,000 7.60% 1/1/1993 3 0 7 5 9 0 AM1 512 5,000 7.75% 1/1/1994 307590 AN9 528 5,000 7.75% 1/1/1994 307590 AN9 542 5,000 7.75% 1/1/1994 307590 AN9 594 5,000 7.90% 1/1/1995 307590 AP4 621 5,000 7.90% 1/1/1995 307590 AP4 629 5,000 7.90% 1/1/1995 307590 AP4 635 5,000 8.00% 1/1/1996 307590 AQ2 661 5,000 8.00% 1/1/1996 307590 AQ2 667 5,000 8.00% 1/1/1996 307590 AQ2 744 5,000 8.15% 1/1/1997 307590 ARO 753 5,000 8.15% 1/1/1997 307590 ARO 797 5,000 8.15% 1/1/1997 307590 ARO 848 5,000 8.30% 1/1/1998 307590 AS8 889 5,000 8.30% 1/1/1998 307590 AS8 891 5,000 8.30% 1/1/1998 307590 AS8 908 5,000 8.40% 1/1/1999 307590 AT6 952 5,000 8.40% 1/1/1999 307590 AT6 963 5,000 8.40% 1/1/1999 307590 AT6 976 5,000 8.40% 1/1/1999 307590 AT6 Bonds bearing the interest rate of 8.875% maturing 1/1/2012 *C U SIP number 307590AA7 in increments of $5,000 are numbered as follows: Bond Number Bond Number Bond Number Bond Number Bond Number Bond Number 1000 1293 1763 2137 2508 2907 1082 1383 1774 2179 2516 2951 1116 1450 1807 2208 2545 2954 1134 1467 1844 2211 2594 2986 1146 1500 1875 2250 2595 2993 1158 1545 1904 2262 2612 3045 1204 1603 1922 2282 2632 3080 1209 1643 1948 2321 2672 3187 1217 1651 1986 2329 2682 3216 1674 1246 2034 2341 2813 3249 1267 1713 2048 2343 2859 3307 1290 1733 2123 2370 Payment of the Redemption Price on the Redeemed Bonds will become due and payable on the Redemp tion Date upon presentation and surrender of the Bonds at the following locations: If presented in person: First Bank Minneapolis Convenience Banking 120 South Sixth Street Minneapolis, MN 55402 or First Bank St. Paul Convenience Banking 332 Minnesota Street St. Paul, MN 55101 If delivered by mail: First Trust National Association First Trust Center Coupon Collection Department P O . Box 64111 St. Paul, MN 55164-0111 If presented in person, please allow a one-hour period for processing your payment. If you have any ques tions, please call Bondholder Relations at (612) 2237900. From and after the Redemption Date, interest on the Important Notice In compliance with the Interest and Dividend Compli ance Act of 1983 and Broker Reporting Require ments, the redeeming institution is required to with hold 20% of the principal amount of your holdings redeemed unless we are provided with your social se curity number or federal employer identification num ber, properly certified. This compliance should be ful filled through the submitting of a W-9 Form which may be obtained at a Bank or other Financial Institution. Dated: November 22, 1989 CITY OF FARIBAULT RICE COUNTY, MINNESOTA By: First Trust National Association (Formerly First Trust Company of Saint Paul) As Trustee *The CUSIP number has been assigned by Standard & Poor’s and is included solely for the convenience of the holders. The Trustee shall not be responsible for the selection or use of the Cusip number, nor is any representation made as to its correctness indicated in the Redemption Notice. Published in N orthwestern Financial Review Decem ber 9 ,1 9 8 9 LEGAL NOTICE NOTICE OF SALE $5,000,000 CERTIFICATES OF INDEBTEDNESS INDEPENDENT SCHOOL DISTRICT NO. 535 (ROCHESTER), MINNESOTA Sealed bids will be received by the School Board of Independent School District No. 535 (R och ester), Minnesota, for the purchase of Certificates of Indebt edness, the aggregate principal amount of $ 5,000,000 upon the following term s: DATE OF SALE: December 19, 1989. TIM E OF BID OPENING: Bids will be received until 11:00 o ’clock A .M ., at the offices of Evensen Dodge, Inc., Minneapolis, Minnesota, as bond consultant for the School District; consideration of the bids by the School Board will be at 7:00 o ’clock P.M. that same day. DATE OF ISSUE: January 4, 1990. PURPOSE: To m eet expenditures for school purposes for which taxes have been levied in 1989 for collection in 1990, which taxes will not be received in time to meet all such expenditures. MATURITY: February 4, 1991. REDEMPTION: Not redeemable before maturity. LEGAL OPINION: Dorsey & Whitney, of Minneapolis, Min nesota. INTEREST: Payable at maturity. One rate which must be a multiple of 1/100 or 1/8 of 1%. SALE TERMS: Sealed bids only, at a price of not less than $5,0 0 0 ,0 0 0 plus accrued interest. m Evensen d o d g e , inc . 222 South Ninth Street Suite 3800 Minneapolis, MN 33402 612/338-3333 Published in Northwestern Financial Review December 9, 1989 8 0 YEARS STRONG EXPERIENCE! There is no substitute. That’s Right! For EIGHT DECADES We have been filling the Bonding Needs of Midwestern Bankers THE REASONS . . . SUPERIOR SERVICE MOST COMPETITIVE PREMIUMS REALISTIC UNDERWRITING PROMPT CLAIMS SERVICE IF YOU’RE NOT GETTING THE SAME FROM YOUR BONDING COMPANY . . . GIVE US A CALL - YOU’LL BE GLAD YOU DID. THE KANSAS BANKERS SURETY COMPANY RATED A (Excellent) by A.M. Best 1988 Edition DONALD M. TOWLE President DAVID E. ABENDROTH Senior Vice President 611 Kansas Avenue P.O. Box 1654 Topeka, Kansas 66601 P h o n e 1-913-234-2631 FINANCIAL INSTITUTION BONDS, SAFE DEPOSITORY LIABILITY, CHECK KITING FRAUD INDEMNIFICATION, DIRECTORS AND OFFICERS COVERAGE O w n e d b y Bankers to Serve Bankers Since 1909 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis When it comes to correspondent banking, we’ve got you covered like never before. Wherever your bank is located, whatever size your bank may be, you can count on a Norwest Correspondent Banker to bring you the specialized services you need. Our Correspondent Bankers are available throughout the midwest to serve you better and faster. We make it our business to understand the special needs of community banks. And we want to do business with you. Whether you need a bank valuation, acquisition financing, ATM access, investment alternatives, or any of our correspondent services, call your Norwest Correspondent Banker. When it comes to correspon dent banking, we’ve got you covered like never before. SMSNORWEST BAN KS NORWEST am y mm © 1988 Nonvest Bank Member FDIC https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis CORRESPONDENTBANKING Equal Opportunity Lender