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Exhibit 15.0 - Independent Accountant's Review Report
Board of Directors and Shareholders
VRB Bancorp and Subsidiary
We have reviewed the accompanying consolidated balance sheet of VRB Bancorp and
Subsidiary as of September 30, 2000, and the related consolidated statements of
income for the three and nine-month periods ended September 30, 2000 and the
changes in shareholders' equity and comprehensive income, and cash flows for the
nine months ended September 30, 2000. These financial statements are the
responsibility of VRB Bancorp'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 condensed consolidated financial statements referred to above for
them to be in conformity with generally accepted accounting principles.
We have previously audited, in accordance with generally accepted auditing
standards, the consolidated balance sheet of VRB Bancorp and Subsidiary as of
December 31, 1999, and the related consolidated statements of income, changes in
shareholders' equity, and cash flows for the year then ended not presented
herein; and in our report dated January 14, 2000, we expressed an unqualified
opinion on those consolidated financial statements. In our opinion, the
information set forth in the accompanying condensed consolidated balance sheet
as of December 31, 1999, is fairly presented in, all material respects, in
relation to the consolidated balance sheet from which it has been derived.
/s/ Moss Adams, LLP
Portland, Oregon
November 10, 2000
