Exhibit (16)


                    Letter re change in certifying accountant


Securities and Exchange Commission
Washington, DC 20549


We were  previously the independent  accountants for Logansport  Financial Corp.
(the  "Registrant"),  and on January 23,  1997 we  reported on the  consolidated
financial  statements  of the  Registrant  as of and  for the  two  years  ended
December  31,  1996.  On August  12,  1997,  we were  dismissed  as  independent
accountants of the Registrant.

We have read the Registrant's  statements  included under Item 4 of its Form 8-K
dated August 12, 1997 and we agree with such statements.

/s/ Geo. S. Olive & Co. LLC

GEO. S. OLIVE & CO. LLC
Indianapolis, Indiana
August 18, 1997




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