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EXHIBIT 23.4
(Bank Mutual)
[RP FINANCIAL, LC. LETTERHEAD]
July 31, 2000
Board of Directors
Mutual Savings Bank
4949 West Brown Deer Road
Milwaukee, Wisconsin 53233
Members of the Board of Directors:
We hereby consent to the use of our firm's name in the Form MHC-1 and the
Form MHC-2, and any amendments thereto, for Mutual Savings Bank. We also
hereby consent to the inclusion of summary of and references to our Appraisal
Report and our letter concerning subscription rights in such filings, and the
Registration Statement on Form S-1, as amended, including the Prospectus of
Bank Mutual Corporation.
Sincerely,
RP FINANCIAL, LC.
/s/ Gregory E. Dunn
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Gregory E. Dunn
Senior Vice President
