Mr. David F. Ahuero
Secretary/Controller
Home Loan Industrial Bank
P.O. Box 100
Grand Junction, Colorado 81502

Subject: Home Loan Industrial Bank
Grand Junction, Colorado
Notice of Acquisition of Control

Dear Mr. Ahuero:

We have reviewed and evaluated the after-the-fact Notice of Acquisition of Control ("Notice") received in the FDIC's Dallas Regional Office on August 28, 1998. On January 15, 1998, former Chairman Sam Suplizio sold stock in the parent company, Home Loan & Investment Company, which owns 100 percent of subject bank. Current bank president, James D. Hamilton, purchased 21,730 shares of stock from Mr. Suplizio, which increased his ownership interest from 6.58 percent to 26.75 percent of the parent company stock.

We do not object to the acquisition, which has previously occurred, based on review of the information provided and consideration of the views of the Colorado State Banking Board. If you have any further questions, please contact Assistant Regional Director Thomas J. Dujenski (972) 761-2039 or Case Manager Roy Lierman at (972) 761-2042.

Sincerely,

Mark S. Schmidt
Associate Director