Exhibit 31.2

I, Peggy L. Schaefer, certify that:

1.	I have reviewed this quarterly report on Form 10-QSB of Bol Bancshares,
Inc;
2.	Based on my knowledge, this quarterly report does not contain any
untrue statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the circumstances
under which such statements were made, not misleading with respect to
the period covered by this quarterly report;
3.	Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all
material respects the financial condition, results of operations and
cash flows of the registrant as of, and for, the periods presented in
this quarterly report;
4.	The registrant?s other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as
defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and
have;
a.	designed such disclosure controls and procedures to ensure that
material information relating to the registrant, including its
consolidated subsidiaries, is made known to us by others within
those entities, particularly during the period in which this
quarterly report is being prepared;
b.	evaluated the effectiveness of the registrant?s disclosure
controls and procedures as of a date within 90 days prior to the
filing date of this quarterly report (the ?Evaluation Date?); and
c.	presented in this quarterly report our conclusions about the
effectiveness of the disclosure controls and procedures based on
our evaluation as of the Evaluation Date;
5.	The registrant?s other certifying officers and I have disclosed, based
on our most recent evaluation, to the registrant?s auditors and the
audit committee of registrant?s board of directors (or persons
performing the equivalent functions);
a.	all significant deficiencies in the design or operation of
internal controls which could adversely affect the registrant?s
ability to record, process, summarize and report financial data
and have identified for the registrant?s auditors any material
weaknesses in internal control; and
b.	any fraud, whether or not material, that involves management or
other employees who have a significant role in the registrant?s
internal controls; and
6.	The registrant?s other certifying officers and I have indicated in this
quarterly report whether or not there were significant changes in
internal controls or in other factors that could significantly affect
internal controls subsequent to the date of our most recent evaluation,
including any corrective actions with regard to significant
deficiencies and material weaknesses.

Date:  August 10, 2006


						/s/ Peggy L. Schaefer
						Treasurer
			                  (in her capacity as Chief Accounting
                                    Officer of the Registrant)