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EXHIBIT 5
_______, 2000
Lafayette Community Bancorp
316 Ferry Street
Lafayette, Indiana 47902
Ladies and Gentlemen:
We have represented Lafayette Company Bancorp (the"Company"), in
connection with its proposed issuance of up to 1,200,000 shares of Common Stock,
no par value (the "Common Stock"), registered under the Securities Act of 1933,
as amended, pursuant to a Registration Statement on Form SB-2 (the "Registration
Statement").
We are familiar with the corporate proceedings of the Company and have
examined and relied upon the forms of the agreements filed with the Commission
as exhibits to the Registration Statement. In addition, we have examined such
corporate records of the Company and such other documents as we have deemed
relevant and necessary as a basis for the opinions hereinafter expressed. Based
on the foregoing, we are of the opinion that: the Common Stock is duly
authorized and, when issued pursuant to the Registration Statement and when the
full consideration specified in the Registration Statement has been received,
will be validly issued, fully paid and nonassessable.
We hereby consent to the use of this opinion as an exhibit to the
Registration Statement and to the use of our name under the heading "Legal
Matters" in the Prospectus which constitutes a part of the Registration
Statement. In giving the foregoing consent, we do not thereby admit that we come
within the category of Persons whose consent is required under Section 7 of the
Securities Act of 1933, as amended, or the rules and regulations of the
Securities and Exchange Commission thereunder.
Very truly yours,
/s/ KRIEG DEVAULT ALEXANDER & CAPEHART, LLP
