EXHIBIT 23.0
 
The Board of Directors
RedFed Bancorp Inc.:
 
  We consent to incorporation by reference in the registration statements (No.
33-86846, 33-86848, and 333-4580) on Form S-8 of RedFed Bancorp Inc. of our
report dated January 28, 1998, except as to note 19 to the consolidated
financial statements, which is as of February 4, 1998, relating to the
consolidated statements of financial condition of RedFed Bancorp Inc. and
subsidiaries as of December 31, 1997, and 1996, and the related consolidated
statements of operations, stockholders' equity and cash flows for each of the
years in the three-year period ended December 31, 1997, which report appears
in the December 31, 1997, annual report on Form 10-K of RedFed Bancorp Inc.
 
                                          KPMG Peat Marwick LLP
 
Orange County, California
March 25, 1998