EXHIBIT 99.1
REPORT OF INDEPENDENT AUDITORS
The Board of Directors and Stockholders
First Federal Bancorp, Inc.
Zanesville, Ohio
We have audited the accompanying consolidated statement of financial
condition of First Federal Bancorp, Inc., as of September 30, 1999, and
related consolidated statements of income, stockholders' equity and cash
flows for each of the two years in the period ended September 30, 1999.
These financial statements are the responsibility of the Company's
management. Our responsibility is to express an opinion on these financial
statements based on our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of
material misstatement. An audit includes examining, on a test basis,
evidence supporting amounts and disclosures in the financial statements.
An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating overall
financial statement presentation. We believe our audits provide a
reasonable basis for our opinion.
In our opinion, the consolidated financial statements referred to above
present fairly, in all material respects, the financial position of First
Federal Bancorp, Inc. as of September 30, 1999, and results of its
operations and cash flows for each of the two years in the period ended
September 30, 1999, in conformity with generally accepted accounting
principles.
/s/ Crowe, Chizek and Company, LLP
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Crowe, Chizek and Company, LLP
Columbus, Ohio
October 15, 1999
