February 15, 2006 Mail Stop 4561 By U.S. Mail and facsimile to (978) 356-5937 Mr. Donald P. Gill Chief Executive Officer First Ipswich Bancorp 31 Market Street Ipswich, MA 01938 Re:	First Ipswich Bancorp Form 10-K for Fiscal Year Ended December 31, 2004 	File No. 333-114018 Dear Mr. Gill: 	We have completed our targeted review of your Form 10-K and related filings and have no further comments at this time. Sincerely, 							Don Walker 							Senior Assistant Chief Accountant Mr. Anthony J. Nocella, President and Chief Executive Officer Franklin Bank Corporation Page 1 of 1