ABA Banking Journal - December 2006 - (Page 24) community Dec 06 11/16/06 4:32 PM Page 24 Community Banking The phoenix bank of Hallam, Nebraska After a devastating twister blitzed a small Nebraska town and its only bank branch, recovery took coordination, cooperation, and, at times, confrontation Hallam, Neb.'s Main Street, following the devastating 2004 tornado ay 22, 2004, around 8:30 PM. It was a crowded Saturday night at The Hitching Post, a pop- ular restaurant in Hallam, Neb. It had been raining hard, the power was out in many spots in the county due to storms, and native Nebraskans know that such weather can presage torna- does, one of the banes of the Midwest. What the 80 or so diners and staff in the restaurant were not aware of was that tornado warning sirens were not working. And so, when some latter-day Paul Reveres began banging on doors in town to warn that a tornado was approaching, there were only minutes to find a safe place underground. Then someone realized that The Hitching Post lacked the one thing you really need in a tornado: a basement. Hallam's Saline State Bank branch lost its roof in the tornado. No time to go home. No hope of outrunning the danger in cars. And then someone had a solution. The Hallam branch of Saline State Bank across the street had a basement, indeed, one big enough to hold the dining crowd. But the bank was closed. Desperate men do desperate things, the saying goes. The bank branch had glass doors, and someone realized that a bat- tering ram would open the path to safety. But where to find one? That was easy. The carbon dioxide tank for the restaurant's soda dispenser was disconnected, and put into service. Torpedo-like, it smashed through the bank's portal, and the crowd reached shelter in time. The town's Main Street was decimated, and the bank building itself was nearly a total loss. Or so the bank's management be- lieved, but that's part of the ensuing story. Indeed, Main Street was only one of the areas damaged in the Today, the bank's reconstructed branch, a sign of Hallam's comeback. By Steve Cocheo, executive editor 24 DECEMBER 2006/ABA BANKING JOURNAL www.ababj.com/subscribe.html http://www.ababj.com/subscribe.html Table of Contents for the Digital Edition of ABA Banking Journal - December 2006 Contents Editor's Column The Secret to Success. Can you Guess It? Snapshot: M&A Outlook Poolside With the Godfather Sleight of Mind Banking From on High-The Regulators' Views ABA Chairman's Position ABA Resources The Phoenix Bank of Hallam, Neb. How Banks Are Handling Multi-Factor Authentication COVER REPORT: Got Innovation? M&A WORKSHOP: What Should You Expect From a Merger Advisor? SOA (begins to make) Inroads Paper, Plastic, or Point-of-Sale Checks? Compliance Mailbox Banker's Mart To Advertise/Index of Advertisers The Economy ABA Banking Journal - December 2006 ABA Banking Journal - December 2006 - (Page Cover1) ABA Banking Journal - December 2006 - (Page Cover2) ABA Banking Journal - December 2006 - (Page 1) ABA Banking Journal - December 2006 - (Page 2) ABA Banking Journal - December 2006 - Contents (Page 3) ABA Banking Journal - December 2006 - Editor's Column (Page 4) ABA Banking Journal - December 2006 - Editor's Column (Page 5) ABA Banking Journal - December 2006 - Editor's Column (Page 6) ABA Banking Journal - December 2006 - The Secret to Success. Can you Guess It? (Page 7) ABA Banking Journal - December 2006 - Snapshot: M&A Outlook (Page 8) ABA Banking Journal - December 2006 - Snapshot: M&A Outlook (Page 9) ABA Banking Journal - December 2006 - Snapshot: M&A Outlook (Page 10) ABA Banking Journal - December 2006 - Snapshot: M&A Outlook (Page 11) ABA Banking Journal - December 2006 - Snapshot: M&A Outlook (Page 12) ABA Banking Journal - December 2006 - Snapshot: M&A Outlook (Page 13) ABA Banking Journal - December 2006 - Poolside With the Godfather (Page 14) ABA Banking Journal - December 2006 - Poolside With the Godfather (Page 15) ABA Banking Journal - December 2006 - Sleight of Mind (Page 16) ABA Banking Journal - December 2006 - Banking From on High-The Regulators' Views (Page 17) ABA Banking Journal - December 2006 - Banking From on High-The Regulators' Views (Page 18) ABA Banking Journal - December 2006 - Banking From on High-The Regulators' Views (Page 19) ABA Banking Journal - December 2006 - Banking From on High-The Regulators' Views (Page 20) ABA Banking Journal - December 2006 - ABA Resources (Page 21) ABA Banking Journal - December 2006 - ABA Resources (Page 22) ABA Banking Journal - December 2006 - ABA Resources (Page 23) ABA Banking Journal - December 2006 - The Phoenix Bank of Hallam, Neb. (Page 24) ABA Banking Journal - December 2006 - The Phoenix Bank of Hallam, Neb. (Page 25) ABA Banking Journal - December 2006 - How Banks Are Handling Multi-Factor Authentication (Page 26) ABA Banking Journal - December 2006 - How Banks Are Handling Multi-Factor Authentication (Page 27) ABA Banking Journal - December 2006 - How Banks Are Handling Multi-Factor Authentication (Page 28) ABA Banking Journal - December 2006 - How Banks Are Handling Multi-Factor Authentication (Page 29) ABA Banking Journal - December 2006 - How Banks Are Handling Multi-Factor Authentication (Page 30) ABA Banking Journal - December 2006 - How Banks Are Handling Multi-Factor Authentication (Page 31) ABA Banking Journal - December 2006 - How Banks Are Handling Multi-Factor Authentication (Page 32) ABA Banking Journal - December 2006 - COVER REPORT: Got Innovation? (Page 33) ABA Banking Journal - December 2006 - COVER REPORT: Got Innovation? (Page 34) ABA Banking Journal - December 2006 - COVER REPORT: Got Innovation? (Page 35) ABA Banking Journal - December 2006 - COVER REPORT: Got Innovation? (Page 36) ABA Banking Journal - December 2006 - COVER REPORT: Got Innovation? (Page 37) ABA Banking Journal - December 2006 - COVER REPORT: Got Innovation? (Page 38) ABA Banking Journal - December 2006 - COVER REPORT: Got Innovation? (Page 39) ABA Banking Journal - December 2006 - COVER REPORT: Got Innovation? (Page 40) ABA Banking Journal - December 2006 - COVER REPORT: Got Innovation? (Page 41) ABA Banking Journal - December 2006 - M&A WORKSHOP: What Should You Expect From a Merger Advisor? (Page 42) ABA Banking Journal - December 2006 - M&A WORKSHOP: What Should You Expect From a Merger Advisor? (Page 43) ABA Banking Journal - December 2006 - M&A WORKSHOP: What Should You Expect From a Merger Advisor? (Page 44) ABA Banking Journal - December 2006 - M&A WORKSHOP: What Should You Expect From a Merger Advisor? (Page 45) ABA Banking Journal - December 2006 - M&A WORKSHOP: What Should You Expect From a Merger Advisor? (Page 46) ABA Banking Journal - December 2006 - M&A WORKSHOP: What Should You Expect From a Merger Advisor? (Page 47) ABA Banking Journal - December 2006 - SOA (begins to make) Inroads (Page 48) ABA Banking Journal - December 2006 - SOA (begins to make) Inroads (Page 49) ABA Banking Journal - December 2006 - SOA (begins to make) Inroads (Page 50) ABA Banking Journal - December 2006 - Paper, Plastic, or Point-of-Sale Checks? (Page 51) ABA Banking Journal - December 2006 - Paper, Plastic, or Point-of-Sale Checks? (Page 52) ABA Banking Journal - December 2006 - Compliance Mailbox (Page 53) ABA Banking Journal - December 2006 - Compliance Mailbox (Page 54) ABA Banking Journal - December 2006 - Compliance Mailbox (Page 55) ABA Banking Journal - December 2006 - Compliance Mailbox (Page 56) ABA Banking Journal - December 2006 - Compliance Mailbox (Page 57) ABA Banking Journal - December 2006 - Banker's Mart (Page 58) ABA Banking Journal - December 2006 - To Advertise/Index of Advertisers (Page 59) ABA Banking Journal - December 2006 - The Economy (Page 60) ABA Banking Journal - December 2006 - The Economy (Page Cover3) ABA Banking Journal - December 2006 - The Economy (Page Cover4) http://www.nxtbook.com/nxtbooks/sb/ababj1014 http://www.nxtbook.com/nxtbooks/sb/ababj0914 http://www.nxtbook.com/nxtbooks/sb/ababj0814 http://www.nxtbook.com/nxtbooks/sb/ababj0714 http://www.nxtbook.com/nxtbooks/sb/ababj0614 http://www.nxtbook.com/nxtbooks/sb/ababj0514 http://www.nxtbook.com/nxtbooks/sb/ababj0414 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