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[Letterhead of Ernst & Young LLP]
EXHIBIT 16
January 15, 2001
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Gentlemen:
We have read the Change in Accountants disclosure included in the Registration
Statement on Form S-1 of Chesterfield Financial Corp. and are in agreement with
the statements contained in the last sentence under the caption "Change in
Accountants" on page 91 therein. We have no basis to agree or disagree with
other statements of the registrant contained under that caption.
/s/ Ernst & Young LLP
Ernst & Young LLP
