Independent Accountants' Report
Board of Directors
Camco Financial Corporation
We have reviewed the accompanying consolidated statement of financial condition
of Camco Financial Corporation as of September 30, 2000, and the related
consolidated statements of earnings, comprehensive income, and cash flows for
the nine and three-month periods then ended. The financial statements are the
responsibility of the Corporation's management.
We conducted our review in accordance with standards established by the American
Institute of Certified Public Accountants. A review of interim financial
information consists principally of applying analytical procedures to financial
data and making inquiries of persons responsible for financial and accounting
matters. It is substantially less in scope than an audit conducted in accordance
with generally accepted auditing standards, the objective of which is the
expression of an opinion regarding the financial statements taken as a whole.
Accordingly, we do not express such an opinion.
Based on our review, we are not aware of any material modifications that should
be made to the accompanying financial statements for them to be in conformity
with generally accepted accounting principles.
We have previously audited, in accordance with generally accepted auditing
standards, the consolidated statement of financial condition as of December 31,
1999, and the related consolidated statements of earnings, stockholders' equity,
and cash flows for the year then ended (not presented herein) and in our report
dated February 18, 2000, we expressed an unqualified opinion on those
consolidated financial statements. In our opinion, the information set forth in
the accompanying consolidated statement of financial condition as of December
31, 1999, is fairly stated, in all material respects, in relation to the
consolidated statement of financial condition from which it has been derived.
/s/GRANT THORNTON LLP
Cincinnati, Ohio
November 10, 2000
