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Exhibit 23.1
CONSENT OF INDEPENDENT AUDITORS
We consent to the incorporation by reference in the Form S-8
Registration Statement pertaining to the Mutual Savings Bank Savings and
Investment Plan and the First Northern Savings Bank 401(k) Savings Plan,
Registration No. 333-49592, of our report dated March 7, 2000, with respect to
the consolidated financial statements and schedules of Mutual Savings Bank, and
of our report dated January 22, 1999 with respect to the consolidated financial
statements of First Northern, both included in Bank Mutual's prospectus dated
September 8, 2000, pursuant to Registration Statement on Form S-1, No.
333-39362, filed with the Securities and Exchange Commission pursuant to Rule
424(b).
/s/ ERNST & YOUNG LLP
November 14, 2000
Milwaukee, Wisconsin
