MEMORANDUM FOR FILE

LEGACY BANK

On February 1, 1999 I spoke with Roger Fitzsimmons , Chairman Firstar Bank, regarding the Legacy Bank Private Offering Memorandum. His direct line is 765-4261.

Key items discussed included:

1.	Firstar intends to make a $1,000,000 investment.

2.	They also plan to sell the building owned ( Fond du Lac Branch) by Firstar to the Legacy Bank group for approximately $600,000.

3.	Firstar evaluated in detail the proposed Legacy Bank business plan and financial projections. They found them to be reasonable.

4.	Firstar was of the opinion that the principals were competent. He especially gave Ms. Deloris Sims a good recommendation. He knew her personally because she was a long term employee of Firstar Bank. She is especially knowledgeable in lending to small businesses and is considered very "street smart."

5.	Location is very good to achieve the desired goals of the bank.

6.	He thought the biggest risk is that the bank become too generous with community development loans and los e sight of sound basic lending practices. North Milwaukee Bank, a competitor, had problems because of loan defaults.

7.	Overall he did not believe there were any negatives.

8.	He suggested contacting Mike Simmer (780-5040), who is a Firstar employee directly involved in Firstar's investment in Legacy Bank. A meeting has been arranged with Mike Simmer to meet with representatives of the Bradley Foundation.

Robert N. Berkopec

February 1, 1999

cc:	D. Schmidt

W. Schambra