BOL Bancshares, Inc
July 28, 2011
Ms. Amite Pande
Accounting Branch Chief
Securities and Exchange Commission
100 F St. NE
Washington, D.C. 20549
Dear Ms. Pande:
Please find attached our responses to your comments presented in your letter dated June 24, 2011 regarding our Form 10-K filed March 31, 2011 and our Form 10-Q filed May 16, 2011. We acknowledge that:
| | · | the Company is responsible for the adequacy and accuracy of the disclosure in the filing; |
| | · | staff comments or changes to disclosure in response to staff comments do not foreclose the Commission from taking any action with respect to the filing; and |
| | · | the Company may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. |
We appreciate the opportunity to reply to your comments.
Sincerely,
Peggy Schaefer
Treasurer
